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JPMorgan Expects Silver Prices to Soar in 2025
3.8.2024
JPMorgan, one of the largest investment banks, has predicted that silver prices will soar in 2025, led by different factors including an increase in demand from the expected monetary shifts and silver’s value as an inflation hedge. The price action, expected to reach $36 per ounce, will also...
Polymarket Bets Big on Josh Shapiro: Is He Kamala Harris’s Secret VP Pick for 2024?
3.8.2024
Based on Polymarket predictions, Pennsylvania Governor Josh Shapiro is currently favored to be Kamala Harris’s Vice Presidential pick for her 2024 U.S. presidential campaign. Polymarket participants currently give Shapiro a 72% likelihood of being chosen as the running mate. Betting Markets Show...
Bitcoin and Crypto to Gain as Falling Rates Expand Global Liquidity, Says 21shares VP
3.8.2024
The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal Reserve’s decision to keep interest rates unchanged was partly due to increasing geopolitical tensions in the Middle East and fears of conflict escalation, leading...
Markets in Freefall: US Stocks Plummet and Crypto Crashes After Shocking Jobs Report
3.8.2024
Following a heinous jobs report, questions are arising about whether the United States will experience a soft landing or if a full-fledged recession is on the horizon. All five major U.S. stock market indices saw notable declines on Friday, and the crypto economy fell by 5.82% to reach $2.2...
Ethereum futures open interest hits 19-month high, yet ETH price weakness intensifies
2.8.2024
Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend
MicroStrategy stock set to gain 30% if BTC hits $150K in 2025 — Analyst
2.8.2024
The valuation assumes continued aggressive Bitcoin buying by Microstrategy
El Salvador’s Chivo Wallet Has Not Presented Any Financial Balances Since Its Creation
2.8.2024
Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government and is not legally required to disclose...
Price analysis 8/2: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
2.8.2024
The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness
Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say
2.8.2024
The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income
Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood
2.8.2024
Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday
Gold Breaks $2,500 per Ounce, Reaching Historic Highs Powered by Fed’s Decision and Geopolitical Risks
2.8.2024
Gold prices reached historic highs on August 1, breaking the $2,500 mark on the New York Comex exchange. The precious metal reached a price of $2,502.6 for the first time in its history, influenced by the U.S. Federal Reserve’s decision to leave interest rates unchanged, geopolitical risks, and...
CoinDesk 20 Performance Update: Index Gains 1.2% With BCH and ETC Leading
2.8.2024
The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%
July NFT Sales Plummet for Second Consecutive Month
2.8.2024
In July, the non-fungible token (NFT) market experienced a 36.6% drop in sales compared to June. Over the month, NFT sales reached $429.46 million, while the number of NFT buyers fell by 46.24% from the previous month. NFT Market Sees Continued Decline in July With Fewer Buyers and Sellers July...
U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%
2.8.2024
First Mover Americas: BTC Warnings Finger Drop to $55K
2.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire
2.8.2024
The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols
Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says
2.8.2024
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin
ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange's Earnings Report
2.8.2024
Coinbase revenue beat Wall Street analysts' expectations, while profit came in lower than the consensus
Bitcoin Risk-Reward Remains Compelling Even After Price Doubles in a Year
2.8.2024
Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, according to the "reserve risk" indicator
Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos
2.8.2024
Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market