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JPMorgan Analysts: Crypto Bear Market on the Brink of Conclusion
26.8.2023
A study of CME Group’s bitcoin futures and open interest indicates the crypto bear market may be approaching its end, according to JPMorgan analysts led by Nikolaos Panigirtzoglou. The bank’s market experts suggest that there’s “limited downside for crypto markets over...
JPMorgan Sees Limited Downside for Crypto Markets in the Near Term
25.8.2023
News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said
Bitcoin Price Prediction as BTC Drops 10% – Will BTC Gain Support Near $26,000?
24.8.2023
In the rapidly evolving landscape of cryptocurrency, Bitcoin has experienced a notable 10% decline, prompting a surge of interest and speculation. The current trading price of Bitcoin stands at $26,200, reflecting a marginal decrease.
This price movement coincides with a noteworthy event: a...
Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains
23.8.2023
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted
As XRP Robinhood Rumors Swirl, XRP20 Coin Price is Getting Ready to Blast Off for Near-Term 3x Gains
23.8.2023
XRP Robinhood listing rumors are swirling, and that’s good news for XRP20 – the yield-bearing ‘XRP on Ethereum’ coin that launched yesterday and continues to see price consolidation above its $0.00092 listing price.
The stake-to-earn XRP20 token started trading on Uniswap decentralized exchange...
Is It Too Late to Buy Near Protocol? NEAR Price Blasts Up 5% and Viral Project Launchpad Uses AI to Find the Next 100x Crypto
23.8.2023
Layer-1 blockchain project Near Protocol (NEAR) has jumped up +8% so far this week, amid an emerging bounce that could see NEAR reclaim position atop the 20DMA.
This comes following almost four-months of bleak downside price action for NEAR, which has bled-out half its value (-50%) since April...
NEAR Jumps 5% After Nexo Integration, Bucking Market Trend
23.8.2023
Also announced was a partnership with startup Tokenproof
Bitcoin, Ethereum Technical Analysis: BTC, ETH Near 2-Month Lows as Bears Regain Momentum
17.8.2023
Bitcoin extended recent declines on Thursday, as the cryptocurrency moved towards a two-month low. Bearish sentiment increased following the latest Federal Open Market Committee (FOMC) minutes, where the Federal Reserve hinted at further rate hikes. Ethereum fell below $1,800 today. Bitcoin Bitcoin...
Bank of America Assesses Significance of Paypal’s USD Stablecoin and Fednow System
16.8.2023
Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of Paypal’s stablecoin will not lead to “accelerated...
Bitcoin teases new volatility as BTC price taps 4-day high near $29.6K
14.8.2023
BTC price movements edge higher as the Wall Street trading week begins, Bitcoin building on a weekly close which gave cause for cautious optimism
PayPal’s Stablecoin Unlikely to See Significant Adoption in the Near Term: Bank of America
11.8.2023
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said
Bitstamp Delists AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for US Customers
9.8.2023
Trading will soon be halted for several popular cryptocurrencies on the Bitstamp exchange for users in the United States. Starting August 29, 2023, the exchange will suspend trading for AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for U.S. customers, canceling all existing orders for those assets....
Hydro Expansion: Bitfarms Begins 50 MW Bitcoin Mining Farm Buildout in Paraguay
7.8.2023
Bitfarms Ltd. has started development on a new 50-megawatt (MW) Bitcoin mining facility in Paraguay, the company announced on August 7, 2023. The farm will be located in Paso Pe near Bitfarms’ existing mining operations in Villarrica and is expected to be fully operational in the first...
Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges
7.8.2023
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent...
Bitcoin, Ethereum Technical Analysis: BTC Flatlines on Monday, as Market Volatility Continues to Fade
7.8.2023
Bitcoin started the week mostly flat, as market volatility remained near recent lows during today’s session. Traders appear to be on the sidelines ahead of Wednesday’s key inflation report from the United States. Ethereum mostly consolidated on Monday. Bitcoin Bitcoin (BTC) continued...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Around $29,000 Ahead of Nonfarm Payrolls
4.8.2023
Bitcoin is trading near a support point of $29,000, ahead of today’s U.S. nonfarm payrolls (NFP) report. It is expected that 200,000 jobs were added to the economy last month, down from 209,000 in June. Ethereum was marginally lower on Friday. Bitcoin Bitcoin (BTC) consolidated around...
‘Nuances Exist’ Among BRICS Members Regarding Bloc’s Expansion, Kremlin Admits
4.8.2023
The enlargement of BRICS will be “near the top of the agenda” at the organization’s summit in August, the Kremlin Spokesman Dmitry Peskov told media. While recognizing the importance of the topic, Peskov indicated that participants in the meeting will likely discuss some differences on the matter....
Russia Says BRICS Currency Unlikely in Near Future but De-Dollarization Grows Globally
4.8.2023
Russia says that a common BRICS currency is unlikely to be feasible in the near future but the process of de-dollarization of the global economy is inexorably underway. Russian Press Secretary Dmitry Peskov added that many countries, including those that do not face sanctions, are gravitating...
Bitcoin Drifts Near $29.2K, Unstirred by Macro Events; ADA, SOL, MATIC Steady in the Red
4.8.2023
The largest cryptocurrency by market cap is likely to remain stubbornly rangebound a little above $29,000, market analysts believe
Bitcoin Rebounds to $29.2K, Recovering From DeFi Fears; CRV Jumps 5%, XRP Rises
2.8.2023
CRV was up more than 5% after Tron blockchain founder Justin Sun purchased more than $2 million of the token. ETH, SOL remained in slightly negative territory despite climbing in recent hours