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2024 Crypto Economy Forecast — Bitfinex Researchers Predict $3.2 Trillion Market Cap Amid Rising Adoption
23.12.2023
As 2024 approaches, Bitfinex market strategists have expressed optimism for bitcoin (BTC) and crypto assets in general, acknowledging their resilience amid regulatory and reputational challenges. The crypto market, according to Bitfinex analysts, is oscillating between bouts of greed and regulation...
Bitcoin Price Prediction: BTC Still Rejected at $45,000 – Can it Breakthrough Before 2024?
22.12.2023
Bitcoin, the world’s most prominent cryptocurrency, continues to show resilience, hovering around the $44,000 mark. As of this writing, the global crypto market capitalization stands at an impressive $1.66 trillion, marking over 2% surge in the last 24 hours. Bitcoin’s recent surge past...
Bitfinex Market Analysts Predict $3.2 Trillion Crypto Market Capitalization – Here’s More
22.12.2023
Source: AdobeStock / prima91 Bitfinex analysts say the digital asset market capitalization could hit $3.2 trillion if bullish factors remain amid soaring prices towards the end of the year. In a new market report, the firm made market projections ahead of the new year with present market forces...
Solana (SOL) Flips BNB, Gains 17% in 24 Hrs to Become Fourth Largest Crypto
22.12.2023
Solana. Source: Adobe The price of Solana (SOL) gained as much as 17.15% within the last 24 hours in a massive rally to become the fourth largest crypto in terms of market cap. As of writing, SOL is trading at $98.63, boasting a market capitalization of nearly $42 billion. This surge propels Solana...
Shiba Inu Price Prediction as ‘.shib’ Internet Domains Development Continues – Adoption on the Rise?
21.12.2023
Shiba Inu (SHIB), the world’s second-largest meme coin by market capitalization and the native token of the Shiba Inu web3 ecosystem, is holding comfortably above its 21-Day Moving Average and the $0.000010 level on Thursday, though has backed off substantially from last week’s highs in...
Bitcoin Dominance Reaches 2-Year High, Exceeding 53%
21.12.2023
Source: Adobe / AMERO MEDIA Bitcoin’s share of the overall crypto market capitalization, known as the Bitcoin dominance, has reached a 2-year high at over 53%. According to data from TradingView, the Bitcoin (BTC) dominance has risen from 52% to over 53% over the past week, after having traded...
Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply
21.12.2023
Source: AdobeStock The entire stablecoin market cap dominance fell to 8.07% in December, recording the lowest market share since December 2021, despite adding the largest monthly supply last month since February 2022. The total market capitalization of stablecoins rose 3.43% to $128 billion...
Bitcoin Technical Analysis: Bullish Trends Push Against Upper Resistance Limits
20.12.2023
Bitcoin’s price of $43,094, fluctuating between $42,235 and $43,176 within 24 hours, reflects a market in subtle motion. With a substantial 24-hour volume of $20.10 billion and a market capitalization of $837 billion, bitcoin maintains its strong presence in the cryptocurrency sphere....
Ethereum Price Prediction as SEC Delays Hashdex and Grayscale Ethereum-Based ETFs – What’s Going On?
19.12.2023
Source: AdobeStock The price of Ether (ETH), the native token of the Ethereum blockchain and the world’s second most valuable cryptocurrency by market capitalization, continues its bounce from Monday’s lows and was last trading in the $2,230s, up over 4.5% in the past 24 hours according...
Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M
18.12.2023
Tether’s cooperation with law enforcement has led to the USDT depeg crisis. Image by akif, Adobe Stock. Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing...
FDUSD Rockets to $1.6B Market Cap, Becoming Fifth Largest Fiat-Pegged Crypto Amid Binance Concentration
17.12.2023
In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant $1.61 billion. This period witnessed...
BONK’s Meteoric Rise: Outpaces PEPE with 621% Surge, Secures Third Place in Meme Coin Market
17.12.2023
In recent weeks, the meme-inspired cryptocurrency bonk (BONK) has experienced substantial growth against the U.S. dollar and has now overtaken pepe (PEPE) to become the third largest meme coin in terms of market capitalization. In the past month alone, the Solana-based BONK surged over 621%...
Market Spotlight: The Emerging Challenger Set to Outpace Shiba Inu and PEPE in the Meme Coin Realm
15.12.2023
TLDR Shiba Inu (SHIB) network activity is on the rise due to the popularity of its Shibarium services. PEPE’s market capitalization is also on an impressive increase. NuggetRush’s (NUGX) mining adventure has generated high interest after its 30% presale growth. Demand for Shiba Inu’s (SHIB) layer-2...
Ethereum Technical Analysis: ETH Faces Downward Pressure; Bearish Trends Emerge Amidst Market Volatility
15.12.2023
As of Dec. 15, 2023, ethereum’s price exhibits intricate dynamics, standing at $2,259. Oscillators and moving averages paint a mixed picture, while the 4-hour and daily charts reveal patterns of consolidation and a short-term downtrend. Ethereum Ethereum’s (ETH) market capitalization...
Bitcoin Price Prediction as Crypto Market Pulls Back in a Big Flush Out Move – Time for Consolidation?
11.12.2023
Bitcoin (BTC), the world’s leading cryptocurrency, faces a challenging week as it opens with a downward trend, yet manages to hover above the crucial $42,000 threshold. The overall cryptocurrency market reflects this bearish sentiment, with the global market capitalization dropping by 3.40%...
Cardano and Avalanche Soar, Outperforming Top 20 Cryptos in Weekly Surge
10.12.2023
Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against the U.S. dollar in the previous seven days....
Bitcoin Outshines Gold: Digital Asset Surges 166% in 2023, Dwarfing Gold’s Modest 9% Gain
9.12.2023
Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is relatively modest at 9.9%. In contrast, bitcoin, the leading...
Tether’s Market Cap Soars by Over 35% to $90 Billion in 2023, Nearing Top 100 Global Assets
7.12.2023
Tether, the leading stablecoin by market capitalization, has seen its supply increase by 5.5% in the last month, achieving a significant market valuation of $90 billion. Since 2015, Tether’s Market Cap Has Swelled by 35,912,812% Since the dawn of 2023, tether (USDT) has experienced...
Ethereum Price Prediction as ETH Rises Above $2,300 – Can ETH Reach $3,500 by December 31?
7.12.2023
Source: Pexels Ether (ETH), the second most valuable cryptocurrency by market capitalization that powers the smart-contract-enabled Ethereum blockchain, was last up close to 5% on Thursday and just hit fresh highs for the year in the mid-$2,300s. Ethereum remains the dominant blockchain used...
Bitcoin Taps $44,000, Surpassing Meta and Berkshire Hathaway in Market Capitalization
5.12.2023
On Tuesday, bitcoin’s price soared past the $44,000 mark, peaking at $44,011 per unit. In the last month, the leading cryptocurrency by market capitalization has seen a surge exceeding 24%, and 17% in just the past two weeks. BTC Breaks Through $44K Barrier, Reaching Peak Levels Since...