As an experienced financial analyst, I’m closely monitoring the recent developments in the Bitcoin (BTC) market with growing concern. The fresh multi-month lows that BTC hit on May 1, approaching $57,000, have cost traders over half a billion dollars in losses. These levels are the lowest since February and represent more than 20% Q2 losses … Read more
As a researcher, I find the recent turn of events at EigenLayer concerning. The mass withdrawal requests following the announcement of their EIGEN airdrop, which excluded several key economic jurisdictions, has left a significant impact on the protocol’s Total Value Locked (TVL). With over 12,412 withdrawals in just three days, representing around 11.6% of unique … Read more
As a long-term crypto investor with a deep interest in the Nigerian market, I find the recent developments surrounding the Central Bank of Nigeria’s (CBN) directive to fintech firms OPay, Kuda Bank, Moniepoint, and PalmPay to halt new customer onboarding a mixed bag. The Central Bank of Nigeria (CBN) ordered four financial technology firms to … Read more
Funds attracted inflows despite SOL’s bearish price action. The prospect of improving network health might have driven investors towards SOL. As a researcher with experience in the cryptocurrency market, I find it intriguing that Solana [SOL] attracted inflows despite its bearish price action last week. The latest report by CoinShares revealed that Solana-based crypto products … Read more
What is lost Bitcoin? Bitcoin is deemed unreachable or missing on the blockchain when its owners can no longer exert command over it.Bitcoins function as a decentralized digital currency, where transactions are recorded across a network of interconnected nodes rather than relying on a single authority. This distributed system creates a publicly accessible ledger called … Read more
Prudent Bitcoin traders might want to stay sidelined instead of bidding. A drop below the local low could send prices careening lower by close to 15%. As an experienced analyst, I believe that caution is warranted for Bitcoin traders at this point in time. The recent price drop of around 7.5% from the local high … Read more