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Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy
21.8.2024
Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism...
Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders
21.8.2024
Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some resilience to the market. Report Shows Bitcoin Demand...
Blockchain vs. Transfer Agents: A Call for Genuine Market Innovation
21.8.2024
Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager
21.8.2024
Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position as the top digital asset manager in terms...
Stablecoins Hit $165B Market Cap Renewing Trust In Crypto Assets
21.8.2024
The stablecoin market has reached a new benchmark, with its overall capitalization growing to $165 billion. This comeback…
2 key Bitcoin metrics signal steady bull cycle — 'No bubble' in sight
21.8.2024
The metrics suggest that Bitcoin is unlikely to be overvalued at current levels and its price action is developing “steadily without significant anomalies or sharp jumps.”
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
21.8.2024
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that...
Bitcoin short-term holders ‘over-reaction’ a factor in BTC’s drop below $50K — Glassnode
20.8.2024
Glassnode says short-term holders have “carried the brunt” of losses from Bitcoin’s recent drop below $50,000
Gold Shatters Records as Investors Brace for Economic Turbulence
20.8.2024
Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68 per ounce. Market trends show that the prices...
Truflation Unveils Real-Time Inflation Tracker for Argentina Amid Milei’s Economic Overhaul
20.8.2024
Truflation has rolled out a fresh inflation tracker and calculator tailored for Argentina, bringing a dynamic source of real-time economic data to the table. This innovative tool empowers Argentinians to gauge how inflation is affecting their finances, offering a handy alternative to the official...
Nigerian SEC to issue crypto platform licenses as market size grows: Report
20.8.2024
In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading
First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto Market
20.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Daily Crypto Update: Market Gains Control as Top Coins Rejoice
20.8.2024
After a brief slump period, the overall crypto market is finally showing some life. The market started the…
XRP Defies Market Slump: Stable at $0.51, Eyes $0.72 Resistance Amid Massive Market Adoption
20.8.2024
The BRICS alliance’s recent move to introduce a new payment system, potentially involving Ripple, has created a promising…
Circle’s Euro-Pegged Token EURC Surpasses €50 Million Market Cap
20.8.2024
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in...
3 reasons why Bitcoin won’t be ‘boring’ in September
20.8.2024
While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024
$24M CryptoPunk NFT sold quietly as market interest fades
20.8.2024
The actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss.
Tron Triumphs as Cardano Fades—ADA Drops From Crypto’s Top 10
19.8.2024
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S....
Bitwise Expands European Presence Through Acquisition of ETC Group
19.8.2024
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto...
US Bitcoin ETFs on the Verge of Controlling 1 Million BTC
19.8.2024
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34%...