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Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations
9.4.2024
Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted
Cardano Slips to 10th Position, Underperforming in a Surging Crypto Market
9.4.2024
After holding a leading spot among the top cryptocurrencies for years, cardano (ADA) has recently been relegated to the tenth position. This shift occurred as toncoin (TON) ascended, surpassing the market capitalization of cardano. Toncoin Overtakes Cardano in Market Cap Over the past year, bitcoin...
Ripple CEO Expects Crypto Market Cap to Double This Year — ‘I’m Very Optimistic’
9.4.2024
Ripple CEO Brad Garlinghouse says he is “very optimistic” about the crypto market, predicting it could double its market cap this year. The executive explained that the macro trends, such as the spot bitcoin exchange-traded funds (ETFs), are driving “real institutional...
Ripple CEO Projects Crypto Market to Double to $5T Valuation By Year’s End
8.4.2024
Ripple CEO Brad Garlinghouse anticipates that the crypto market capitalization will exceed $5 trillion by the end of the current year.
The post Ripple CEO Projects Crypto Market to Double to $5T Valuation By Year’s End appeared first on Cryptonews
South Korea’s Crypto Market Continues to Defy Global Trends With Premium Prices
7.4.2024
Metrics reveal that cryptocurrency premiums in South Korea consistently outpace the global average. As of now, bitcoin exchanges hands at $69,245 per piece globally, while on the South Korean platform Upbit, it’s being traded at $73,513 each. Additionally, March witnessed a notable increase...
Market of ‘Extreme Greed’ Persists Amid Unprecedented June Bitcoin Perpetual Futures Sell-Off
7.4.2024
In the past 24 hours, the cryptocurrency market experienced a modest increase of 2.16% against the U.S. dollar, with bitcoin’s value lingering slightly above the $69,000 threshold. The Crypto Fear and Greed Index (CFGI) indicates that the market’s mood remains in an “extreme...
Crypto Economy Rebounds With 2.13% Gain; Newcomers W, CORE, and ENA Face Downturns
4.4.2024
The cryptocurrency market experienced a positive uptick on Thursday, reclaiming its position at $2.55 trillion, marking a 2.13% gain against the U.S. dollar. Despite a decrease in trading activity, with volumes at $90.78 billion over the past day, bitcoin rose by 2.3%, surpassing the $68,000...
Precious Metals Shine: Gold Hits Record High, Silver Sees Substantial Gains
4.4.2024
The price of gold continues to hit unprecedented highs, with one troy ounce of .999 fine gold now trading at $2,298. Silver is also beginning to ride the wave of gold’s recent uptrend, with its value climbing 3.64% on Wednesday surpassing the $27 per ounce mark. Gold’s Historic Ascent...
Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report
3.4.2024
Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction
Crypto.com Expands Into South Korean Crypto Market
2.4.2024
Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global cryptocurrency exchange to launch in South...
Long-Term Bitcoin Holders Begin ‘Taking Chips Off the Table’ at Record Highs, Analysis Shows
2.4.2024
A recent study by onchain analysts at Glassnode reveals a significant increase in profit-taking activities as bitcoin surged to a new all-time high (ATH) of $73,794, marking a notable phase in the cryptocurrency’s market dynamics. Glassnode Highlights Intensified Profit-Taking Amidst...
Bitcoin Dips Below $66,000 Ahead of Fourth Halving, Loses Over 5% in 24 Hours
2.4.2024
The price of bitcoin experienced a decline on Monday, near 10:00 p.m. Eastern Time (ET), tumbling to a position slightly over the $66,000 mark. By 6:30 a.m. the following day, it had edged down further to reach its intraday low of $65,480 per unit. In the wake of this downturn, the crypto...
Robert Kiyosaki Urges Ditching US Dollar for Bitcoin — Warns Boomers’ Retirements Going Broke as Paper Assets Crash
31.3.2024
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to ditch the U.S. dollar and buy bitcoin alongside gold and silver. He warned that “baby boomers’ retirements are going broke as paper assets crash.” The famous author stressed: “I do not trust anything that...
Market Resilience Tested as NFT Sales Fall for Third Consecutive Week
30.3.2024
Sales of non-fungible tokens (NFTs) have dipped once more, marking the third consecutive week of decline, with a 14.97% decrease compared to the previous week. Leading the charge in this week’s sales from March 23 to March 30, Bitcoin NFT transactions amassed $82.61 million, despite...
Silver Left Behind as Gold Claims the Spotlight With Record Price Spike to $2,233 per Ounce
30.3.2024
This week, the value of gold soared to an unprecedented peak, hitting $2,233 per troy ounce as of March 29. In contrast, silver has not exhibited the same level of brilliance, with its value standing at $24.97 per troy ounce, a significant 91% decline from its all-time high of $47.91 on March...
Bitcoin Futures Open Interest Hits Record $37.55 Billion With CME Leading the Pack
29.3.2024
On Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors. Bitcoin Futures Open Interest Reaches Unprecedented $37.55 Billion Since...
Bitcoin Cash Rallies Ahead of Upcoming Halving and Upgrade
28.3.2024
The Bitcoin Cash network stands on the brink of its forthcoming halving event, set to take place a week from now. This milestone will see mining rewards on the network notably reduced from their current levels. Currently, Bitcoin Cash ranks as the 15th largest by market capitalization among over...
Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains
28.3.2024
Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as digital tokens on the blockchain
$20 Million in Bitcoin Long Positions Liquidated as Price Tumbles From Intraday High
27.3.2024
The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $71,754, the value dropped to a low of $68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin...
FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar
25.3.2024
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly appreciated, with buyers now prepared to offer...