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MicroStrategy Surges to 6-Month High as Bitcoin Wrestles With Key Moving Average
7.10.2024
NEAR, UNI and APT led crypto gains, while bitcoin (BTC) faded after pushing through $64,000 earlier in the day
AI Cryptos Spike as Broader Market Stays Flat, Sector Nears $30B Milestone
7.10.2024
While the crypto market’s overall capitalization has only ticked up by 0.28% over the past day, reaching $2.19 trillion, the artificial intelligence (AI) crypto economy has made more noticeable gains, climbing 5.4% to hover above the $29 billion mark. AI Crypto Sector Jumps 5.4% to $29B...
Bitcoin Hits $64K Mark on Monday, Crypto Market Sees $200M in Liquidations
7.10.2024
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing...
SPX Tops the Charts This Week Jumping 193%, CVC and FTT Also See Gains
7.10.2024
According to recent data, bitcoin and ethereum have experienced modest improvements in the last 24 hours, but both have dropped against the U.S. dollar over the week, with losses ranging from 0.8% to 5.5%. However, several other crypto assets saw impressive gains, with spx6900 (SPX) stealing...
Bitget Token Tumbles 52% on 'Market Sluggishness,' Exchange Says, While Promising Compensation
7.10.2024
Crypto exchange Bitget promised to compensate holders of its native Bitget Token (BGB) for losses suffered during a slump of as much as 52% on Monday
Meme Coin Market Cap Pumps 7.7%, Defies Overall Market Conditions
7.10.2024
The meme coin sector has defied broader market trends, posting a substantial 7.7% increase in total market capitalization…
Bitcoin Technical Analysis: Uptrend Intact, But Indicators Warn of Short-Term Correction
7.10.2024
Bitcoin is trading at prices between $62,856 to $63,016 at press time, with a market cap of $1.24 trillion and a 24-hour trade volume of $23.87 billion. Intraday, prices fluctuated between $62,120 and $63,909, showing signs of consolidation. Despite the overall uptrend, oscillators and moving...
Bitcoin miners show mixed performance in September amid market volatility
7.10.2024
While both Hut 8 and Irish Energy expanded operations, they reported contrasting results in Bitcoin production efficiency
NFTs weekly sales volumes hit highest level since August
7.10.2024
NFT sales volumes for the week ending Oct. 6 hit nearly $85 million, the biggest selling week for NFTs since the end of August
Goldman Sachs Raises Gold Forecast to $2,900 by 2025
6.10.2024
In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even higher, forecasting gold to climb to $2,900 per ounce...
Nigeria Introduces System to Boost Forex Market Transparency
5.10.2024
The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS....
DC Circuit Court Rules Kalshi’s US Election Bets Legal
5.10.2024
This week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality...
BTC and ETH ETFs Post Positive Inflows Despite GBTC, ETHE Losses
5.10.2024
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds...
Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says
5.10.2024
A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower...
BTC’s Future in Focus: 4 Key Factors That Could Drive or Stall Its 2024 Rally
4.10.2024
At press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024 U.S. Election Day, and 34 days until the Federal Reserve’s next meeting. With numerous developments, including rising tensions...
AI Tokens Lead Crypto Rebound Amid Strong U.S. Economy
4.10.2024
Bitcoin may have bottomed at $60,000 earlier this week, and the Fed easing into a strong economy points to more upside, Will Clement said
‘Uptober’ builds strength as Bitcoin held on exchanges falls to 6-year low
4.10.2024
Bitcoin held on exchanges fell to a new low while spot Bitcoin ETF inflows resumed pace. Is Uptober back on?
Grayscale launches Aave fund amid DeFi surge: Finance Redefined
4.10.2024
While Grayscale launches a new Aave investment fund, Polymarket users face wallet breaches linked to Google logins
Polymarket Bettors Place Their Wagers: Will HBO Reveal Satoshi Nakamoto?
4.10.2024
After the announcement that Satoshi Nakamoto’s true identity could be unmasked next week in an HBO documentary, Polymarket bettors are buzzing with excitement, speculating who it might be. On Friday, with $190,533 wagered, Len Sassaman emerged as the frontrunner, holding a 49% likelihood....
Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes
4.10.2024
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This...