Bitcoin, the reigning king of cryptocurrencies, is grappling with a persistent thorn in its side—scalability issues. These challenges have once again reared their heads, causing a drop in network usage and setting a record low for Bitcoin’s daily unique addresses performing transactions. On Thursday, May 18, the number dipped below 800,000, marking a 22-month low […]
Inflation in the euro area just can’t seem to shake off its stickiness, making headlines once again with the finalized data for April. The numbers revealed a slight uptick in the headline print compared to the same period last year. However, when we removed the more volatile price items like food and fuel to get […]
Dogecoin, the much-beloved meme-inspired cryptocurrency, is facing a new challenge as miners’ reserves experience a significant decline. Recent data from crypto intelligence portal IntoTheBlock reveals that Dogecoin miners have been offloading their reserves, resulting in a reduction of 240 million DOGE since the end of March. While this amount may not seem like a big […]
In a surprising turn of events, the Canadian dollar (CAD) flexed its muscles against its American counterpart on Tuesday, buoyed by an unexpected surge in domestic inflation. Rent prices and mortgage interest costs played the role of inflationary superheroes, propelling the headline Consumer Price Index (CPI) to new heights. As a result, the USD/CAD pair […]
EUR/USD kicked off the week with a moderate bounce, managing to find its footing at the crucial support level of 1.0840. The currency pair’s resilience is commendable, considering the tumultuous ride it experienced last week when a resurgent US dollar and souring market sentiment exerted downward pressure. ECB Policymaker Sending Mixed Signals The European Central […]
The British pound (GBP) is enduring a continued decline following the recent meeting of the Bank of England (BoE). In Friday’s trading, the GBP/USD pair slipped below the critical psychological level of 1.2500, hitting 1.2448. Although the sell-off is primarily influenced by the strength of the US dollar, it’s worth noting that the pound managed […]
In a day filled with financial upheaval, the US dollar and Japanese yen stood tall as the ultimate champions, flexing their muscles as safe haven currencies in the face of mounting uncertainty. Meanwhile, the Australian and New Zealand dollars found themselves on the losing side of the ring, struggling to keep up with the pace. […]
Hold onto your wallets, folks, because the sensational Sponge token (SPONGE) is on the move! Following its recent listing on MEXC Global, SPONGE is ready to conquer new territories as it prepares to set foot on two more exchanges: Bitget and Gate. Brace yourselves for another wave of excitement as this top-performing coin continues to […]
In the fast-paced world of cryptocurrency, where trends come and go faster than a Bitcoin transaction, one particular meme coin has captured the attention of traders and enthusiasts alike: the Spongbob token (SPONGE). With its rapid listing on the seventh-ranked centralized exchange, MEXC, SPONGE is making waves in the crypto market. Here, we’ll delve into […]
