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The royal entry of BlackRock into the RWA market
27.5.2024
The thrilling game started with BlackRock’s investment in Ondo Finance, a decentralized investment mechanism. BlackRock will invest millions of dollars into Real World Assets and cryptocurrency projects. The entry of BlackRock into the RWA market will shake the global cryptocurrency industry. ...
Bitcoin Price Prediction as Biden’s Decision on SEC Crypto Rules Looms – Will BTC Rally?
27.5.2024
As President Biden nears a decision on SEC crypto regulations, Bitcoin's cautious market response sees a minor drop to $68,400.
The post Bitcoin Price Prediction as Biden’s Decision on SEC Crypto Rules Looms – Will BTC Rally? appeared first on Cryptonews
Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K
27.5.2024
As of May 27, 2024, bitcoin is trading at $68,457 with a market capitalization of $1.34 trillion. The leading crypto asset has experienced an intraday price range of $68,308 to $69,340 with a 24-hour trade volume of $10.74 billion. Bitcoin The short-term analysis based on BTC’s 1-hour chart...
What comes after spot Ether ETF approvals? Execs weigh in
27.5.2024
Consensys director of global regulatory matters Bill Hughes interpreted the approval as an admission that Ether is a commodity
Hedge Funds Adopt Net Short Positions on BTC and ETH Futures, Kaiko Analysis Reveals
26.5.2024
In a recent analysis by Kaiko, it has been found that hedge funds are currently holding net short positions on bitcoin (BTC) and ether (ETH) futures. This strategic move reflects a cautious stance amid fluctuating market dynamics and speculative trading activities. Study Shows Hedge Funds’...
FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts
26.5.2024
The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced...
Despite Ethereum ETF Approvals, ‘Altcoin Season’ Remains Far Off
26.5.2024
While the U.S. Securities and Exchange Commission (SEC) has approved several spot ethereum exchange-traded fund (ETF) 19b-4 filings, and ether alongside numerous digital assets have experienced double-digit increases over the past week, the much anticipated ‘altcoin season’ has...
Bitcoin Price Prediction as Crypto Exchanges Announce 1,200 Job Openings – Will BTC Pump Higher?
26.5.2024
Over 1,200 job openings announced by leading crypto exchanges like Binance and Coinbase hint at a potential Bitcoin price pump amidst market growth.
The post Bitcoin Price Prediction as Crypto Exchanges Announce 1,200 Job Openings – Will BTC Pump Higher? appeared first on Cryptonews
Ethereum Dominates NFT Sales Despite Overall Market Drop
25.5.2024
Over the past week, non-fungible token (NFT) sales declined by 8.99%, amounting to approximately $137 million. Ethereum topped the charts with $43 million in sales, marking a 20.26% increase from the previous week. NFT Market Shrinks by 8.99%, Ethereum and Bitcoin Lead in Sales NFT sales...
Blockchain Data: Bitcoin Whale Activity Surging, Confidence in Bull Market Returning
25.5.2024
Bitcoin whales have shown an increased appetite for accumulating more coins, signaling a return of confidence in the bull market, as per blockchain data.
The post Blockchain Data: Bitcoin Whale Activity Surging, Confidence in Bull Market Returning appeared first on Cryptonews
Decoding FDV: The Importance of Fully Diluted Valuation in Crypto Investments
25.5.2024
In a market where substantial portions of tokens are often locked up, understanding Fully Diluted Valuation (FDV) has become essential for investors looking to better evaluate the current value of cryptocurrency projects, as well as better predict the long-term value and risks associated with them....
The Unintended Consequences of FIT21’s Crypto Market Structure Bill
24.5.2024
Ethereum’s Subdued Market Performance Follows US Approval of Spot ETFs
24.5.2024
Following the approval of several spot ethereum exchange-traded funds (ETFs) in the U.S., ether’s price has been rather subdued, ranging between $3,640 to $3,740 over the last 12 hours. There’s wasn’t really any substantial upticks other than when the rumors of the approval...
Ether and Uniswap Advance on Regulatory Actions: CoinDesk Indices Market Update
24.5.2024
Bitcoin relinquished early gains above $70,000 to close the week only marginally higher
Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound Activity
24.5.2024
Bitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency’s price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours. Bitcoin Recent trends in the daily chart reveal bitcoin...
Solana Price Prediction as ETF Rumors Emerge – Is $10,000 SOL Possible?
24.5.2024
The Solana price has dropped by 8% in the past 24 hours, falling to $163.28 on a day when the cryptocurrency market as a whole has lost 4%.
The post Solana Price Prediction as ETF Rumors Emerge – Is $10,000 SOL Possible? appeared first on Cryptonews
Bitcoin and Ether options worth $2.7 billion set to expire
24.5.2024
The upcoming 21,000 contract expiry is dwarfed by the significantly larger $4.3 billion options expiry on May 31, according to Deribit
FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market
24.5.2024
The FIT21 approval on Wednesday would align the US with other nations in terms of its regulatory framework for crypto, according to Kyle Bligen, director of financial policy at the Chamber of Progress.
The post FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market...
Newly-Approved Spot Ether ETFs Could Start Trading by Mid-June: Analyst
24.5.2024
Newly-approved spot Ethereum exchange-traded funds (ETFs) could potentially hit the market by mid-June, as per Bloomberg ETF analyst James Seyffart
The post Newly-Approved Spot Ether ETFs Could Start Trading by Mid-June: Analyst appeared first on Cryptonews
Bitcoin Price Prediction: BTC Drops to $68,000, Market Cap Hits $1.3 Trillion Amidst Bearish Trend; What’s Next?
24.5.2024
Bitcoin's price plummets to $68,000, triggering concerns amidst a $1.3 trillion market cap. Discover key resistance levels and potential price trends.
The post Bitcoin Price Prediction: BTC Drops to $68,000, Market Cap Hits $1.3 Trillion Amidst Bearish Trend; What’s Next? appeared first...