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Biggest Movers: XRP Extends Recent Gains, Rising to 8-Week High
24.10.2023
XRP rose for a fourth straight day on Tuesday, as overall sentiment in the market was mostly bullish. The global crypto market cap is nearly 10% higher at the time of writing, with the likes of bitcoin trading at a 17-month high. Cardano also surged, recording a 2-month peak. XRP XRP, formerly...
Bitcoin Miner Bit Digital Diversifies Into AI for 'Substantially Higher Margin' Than Mining
23.10.2023
The firm is looking for a "reliable income stream ... that is uncorrelated to bitcoin prices."
Economist Peter Schiff Warns of Deep Recession, Inflationary Depression, and Collapse of US Dollar Demand
22.10.2023
Economist Peter Schiff has warned of an inflationary depression, noting that inflation will stay higher for longer, leading to a more severe and prolonged recession. He predicted that the rapidly increasing national debt and federal budget deficits should lead to a collapse in demand for U.S....
NFT Sales Spike 12.62% Higher Than Last Week, Breaking Two-Month Downturn
21.10.2023
Parsed data from the week spanning October 14-21, 2023, reveals an upward trend in non-fungible token (NFT) sales, with a 12.62% surge from the previous week. Both buyer and seller participation swelled, by 15% and 17% respectively, resulting in approximately $70.51 million in NFT transactions....
Economists Warn Direct Iran-Israel War Could Trigger Global Recession
20.10.2023
Bloomberg’s economists have warned that a direct war between Iran and Israel could trigger a global recession. “Soaring oil prices and plunging risk assets would deal a substantial blow to growth, and take inflation a notch higher,” they said. “The wider the conflict spreads, the more...
Bitcoin, Ethereum Technical Analysis: BTC Higher, as SEC’s Gensler Says Around 10 ETFs Are Being Reviewed
19.10.2023
Bitcoin edged slightly higher on Thursday, following comments from the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. Gensler said the commission was currently reviewing eight to ten applications from firms looking to launch a bitcoin exchange-traded-fund (ETF). Bitcoin...
Drivechains in Bitcoin Could Enhance Higher Throughput and Improved Privacy: Bitfinex CTO
18.10.2023
Bitfinex Chief Technology Officer (CTO) Paolo Ardoino has stated that drivechains in the Bitcoin network could be the “game changer” amid the ongoing debate surrounding the Bip-300 proposal.
This announcement was made during an exclusive interview with The Block. Ardoino cited that drivechains...
Bitcoin, Ethereum Technical Analysis: BTC Bulls Secure Gains, Following a Recent Multi-Month High
18.10.2023
Bitcoin stalled in today’s session, as traders consolidated gains, following a recent two-month high. The global market cap is trading 0.01% lower as of writing, with the cryptocurrency remaining above the $28,000 level. Ethereum has been marginally higher, and continues to hover around...
Bitcoin, Ethereum Technical Analysis: BTC Remains Near 2-Month High, Following Strong US Retail Sales
17.10.2023
Bitcoin remained near a two-month high on Tuesday, as markets digested the latest retail sales figures from the United States. Sales, which account for two thirds of the U.S. economy, rose by 0.7% in September, 0.4% higher than expected. Ethereum briefly rose above $1,600. Bitcoin Bitcoin continued...
Bitcoin Cash Pushes Higher As It Benefits From Successor Of Its Predecessor Bitcoin
17.10.2023
Bitcoin cash prices rose sharply recently, climbing higher as the digital currency's predecessor rallied following a false statement claiming that the U.S. Securities and Exchange Commission (SEC) had approved a spot bitcoin exchange-traded fund (ETF).
The altcoin, which was created in 2017 as...
Bitcoin, Ethereum Technical Analysis: BTC Falls on Saturday, Following Brief Spell Above $27,000
14.10.2023
Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor...
Biggest Movers: DOGE Rallies, After Bouncing From Key Support Point
13.10.2023
Dogecoin was a notable mover on Friday, as the meme coin rebounded from a key support point. The move came after two consecutive days of declines, pushing price near a two-month low. Solana also ended a losing streak in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) rose higher in today’s...
Bitcoin, Ethereum Technical Analysis: BTC Bulls End a 5-Day Losing Streak
13.10.2023
Bitcoin ended a five-day losing streak on Friday, as the cryptocurrency appears to have found an interim price floor. This comes as traders continued to react to yesterday’s U.S. inflation report, which remained unchanged at 3.7%. Ethereum also edged marginally higher, following its...
Bitcoin Still Number One Due to Higher Futures Premium, K33 Research
11.10.2023
A research conducted by K33 shows that Bitcoin still retains its top position as the most appealing cryptocurrency due to its higher premiums in futures trading.
Ether, the second most valuable crypto asset by market capitalization, is expected to play second fiddle once again due to the lower...
Biggest Movers: DOGE Higher on Wednesday, After Falling to Recent 7-Week Low
11.10.2023
Dogecoin was marginally higher on Wednesday, after moving back above a recent support point during today’s session. The meme coin fell to a seven-week low on Monday, however bulls have moved to buy the dip. Toncoin was another token to rise, reentering the $2.00 region in the process. Dogecoin...
US Stocks Overcome Early Decline Amid Israeli-Gaza Tensions to Close Higher
10.10.2023
The Dow and S&P 500 fell early in the day, but rebounded to end the day positive
Bitcoin Price Prediction as BTC Faces Crucial $28,500 Threshold – Will it Break Through to Higher Ground?
8.10.2023
The cryptocurrency community is abuzz with speculation and anticipation as Bitcoin hovers tantalizingly close to the significant $28,500 mark. Will Bitcoin surge past this barrier to achieve new heights, or is there a retreat on the horizon?
This analysis delves into the current dynamics...
Biggest Movers: BCH, TRX Snap Losing Streak to Start the Weekend
7.10.2023
Bitcoin cash was one of the big gainers to start the weekend, as the cryptocurrency ended a two-day losing streak. Overall, the momentum in the market was marginally higher, as traders continued to consume the latest U.S. nonfarm payrolls report. TRON also returned to the green on Saturday. Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 Following Comments from Joe Rogan, Sam Altman
7.10.2023
Bitcoin traded above $28,000 to start the weekend, after Joe Rogan commented that it had a chance of becoming a “universal viable currency.” Additionally, traders also reacted to yesterday’s U.S. nonfarm payrolls, which rose by 336,000 in September, more than the 170,000 many...
Bitcoin Grapples with $28K Resistance, but ‘Uncorrelated Asset’ Allure Could Mean Higher Prices, Says Analyst
6.10.2023
Bitcoin is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent the crypto down nearly 2%