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Binance CEO: Recent Market Declines Are Not a Long-Term Negative Trend
8.8.2024
Binance CEO Richard Teng has addressed the recent declines in cryptocurrency and equity prices, attributing them to macroeconomic factors and advising against viewing them as long-term negative trends. He highlighted potential Federal Reserve rate cuts and geopolitical volatility as key influences...
Dogwifhat leads the market with 13% gain — What’s driving WIF price?
8.8.2024
WIF booked a double-digit rebound to outperform memecoins, Bitcoin and altcoins which remain in sell-off mode
Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence
7.8.2024
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data...
Economist Jim Rickards Highlights Gold’s Opportunity During Market Meltdowns
7.8.2024
Jim Rickards, a U.S. economist and best-selling author of the book “Currency Wars,” has detailed the opportunity that gold presents during pronounced stock market drops. Rickards, who has predicted a tremendous rise in gold prices in the next two years, stated that strong hands expect gold to reach...
Why is Bitcoin price down today?
7.8.2024
Bitcoin price is down today, reminding traders that the recent sell-off might not be over
WALZ Meme Coin Skyrockets After Harris’s VP Pick – Now It’s on a Downward Spiral
7.8.2024
Following Kamala Harris’s decision to select Minnesota Governor Tim Walz as her running mate, a new meme coin on the Solana blockchain emerged, named tem walz (WALZ). The token experienced a spike on Tuesday, coinciding with Harris’s announcement, with its market cap nearly touching...
Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report
7.8.2024
The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market...
US Bitcoin ETFs Bleed $148.56M While Ethereum ETFs Cash In
7.8.2024
Based on the latest data, spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $148.56 million on Tuesday. Conversely, spot ether ETFs saw a positive inflow of $98.30 million during the same period. $148M Vanishes From Bitcoin ETFs While Ethereum ETFs Rake in $98M On Aug. 6, as...
Plus Token Ponzi-linked wallet moves $2B ETH after 3.3 years of dormancy
7.8.2024
After 3.3 years of inactivity, cryptocurrency wallets linked to the Plus Token Ponzi scheme move $2 billion in Ether (ETH), potentially impacting the market
Jump Trading sells another $29M Ether with $63M left to go. Is the bottom near?
7.8.2024
The Ether bottom could be in, as market makers like Jump Trading are running out of ETH to sell
Cumberland buys the dip? Trading firm deposits $95M to exchanges
7.8.2024
Lookonchain said that Cumberland has already injected nearly $6.28 billion into the crypto markets since October 2023
Daily Crypto Update: Market Gains Composure After Massive Dip
7.8.2024
The crypto industry started the week on a low note, with the market lost billions of dollars on…
Web3 ecosystem thrives as AI DApps capture 28% market share
7.8.2024
AI-based DApps have not only overtaken gaming but also set the stage for future innovations in the decentralized application space
Bitcoin needs 'low $40,000s' for best bull market entry — 10x Research
7.8.2024
A crypto analyst argues that Bitcoin’s price needs to return to levels seen around the launch of spot Bitcoin ETFs for an optimal entry point
SOL/ETH ratio hits new all-time high amid market turmoil
7.8.2024
The metric that tracks the value of one Solana token to one Ether token has reached a new all-time high following a brutal market-wide sell-off earlier this week
JPMorgan Sees ‘Buy the Dip’ Opportunity After Market Selloff
7.8.2024
Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan’s head...
Ex-Fed Advisor Suggests US Is Already in a Recession as Airbnb Cautions on Economic Slowdown
7.8.2024
On Tuesday, following a sharp downturn the day before, the top five U.S. benchmark indices made a recovery. However, Airbnb, the prominent vacation rental company, reported that it does not foresee a strong third quarter due to a slowdown in demand, driven by ongoing economic concerns. Meanwhile...
Nasdaq asks to list options on spot Ethereum ETFs — Filing
6.8.2024
Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too
Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions
6.8.2024
Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease...
Crypto Market Volatility Fuels $1.2B Inflows at Binance
6.8.2024
On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over...