The clock is ticking for the U.S. Securities and Exchange Commission (SEC) as it approaches a critical deadline regarding its ongoing legal battle with Ripple Labs over the XRP token. With only days left until October 7, 2024, legal experts and crypto enthusiasts are closely watching to see if the SEC will decide to appeal a recent ruling by the U.S. District Court for the Southern District of New York.
How can crypto traders avoid the pitfalls seen in this unfortunate $6.3 million Solana meme coin story?
Ethereum, the second-largest cryptocurrency by market cap, has recently shown signs of a shifting market sentiment and momentum, according to an analysis by a CryptoQuant analyst named Percival. The analyst disclosed that various market conditions and technological developments have impacted Ethereum's momentum and have led to mixed views on its future growth trajectory.
Ethereum remains by far the largest smart contracts platform by market cap. Perched at second in the market cap leaderboard, the network hosts dapps cutting across multiple sectors.
Bitcoin bears threaten to end the recent bullish streak as smart money starts taking profits. Will bullish sentiment prevail?
Adding proof of reserves will head off concerns about Coinbase's perceived lack of transparency.
The cryptocurrency market is buzzing with excitement, especially for Bitcoin (BTC). Following a surprisingly strong performance in September, often referred to as “Rektember,” many traders and investors are feeling optimistic about what lies ahead.
Bitcoin's (BTC) usual strong performance in October is threatened by high open interest in futures contracts and flattening buying activity by spot investors, according to the Sept. 30 edition of the “Bitfinex Alpha” report.
The chief executive of market insights firm CryptoQuant says that the US is regaining its dominance of Bitcoin (BTC) holdings. In a new post on the social media platform X, Ki Young Ju says that the US recouping its BTC dominance is being driven by demand for spot market exchange-traded funds (ETFs). “The U.S.
An increase in long positions as the price stagnates could signal an over-leveraged condition.
"I'm 60/40 rn in favor of seeing an SEC notice of appeal but the stakes are really high for the SEC," Fred Rispoli said.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bill Barhydt of Abra discusses crypto's performance in the third quarter and his expectations through the end of 2024.
According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it's still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1% On Sept.
The recent rally of XRP price beyond the $0.66 mark has sparked optimism in the market, with many anticipating the rally to continue ahead. However, the rally appeared to have been short-lived, as evidenced by the recent price changes in crypto.
Ohio state senator Niraj Antani has introduced a bill that would enable residents and businesses to pay their state and local taxes using cryptocurrencies like Bitcoin (CRYPTO: BTC). What Happened: While the proposed bill aims to position Ohio as a pioneer in crypto adoption, it faces a steep climb toward becoming law.
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Bitcoin's price correction is driven by a weakening global economy, conflict in the Middle East, and concerns over an AI bubble.
Cryptocurrency markets are trading lower to start the new week after record inflows into Bitcoin ETFs last week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,431.9 -3.6% Ethereum (CRYPTO: ETH) $2,589.2 -2.8% Solana (CRYPTO: SOL) $154.6 -2% Dogecoin (CRYPTO: DOGE) $0.118 -7.2% Shiba Inu (CRYPTO: SHIB) $0.00001779 -8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 6.05% and daily active addresses spiked by 4.9%.
Bitcoin price shed close to $1,000 during the last hour alone, even though sticking above the $64,000 price mark so the correction in the cryptocurrency market is probably just short-term. It was a relatively big drop before the most awaited speech of the US Federal Reserve Chairman Jerome Powell at Nashville, Tennessee.
Solana (SOL) is emerging as one of the most dynamic players in the cryptocurrency market, and the outlook for October 2024 appears even more promising.
A new wave of speculation has swept through the cryptocurrency landscape, thanks to a bold assertion from Crypto Tank, a well-known figure in the XRP community. He has ignited conversations around the possibility of XRP reaching a remarkable $1,000 per token.
FalconX's Head of Research David Lawant suggests that ETH staking yield likely to surpass yield from traditional risk-free investments.
The US Federal Reserve Chair Jerome Powell has maintained a dovish stance on being able to bring inflation down to their target of 2%. While speaking at the 66th NABE annual meeting, Powell also hinted that any more potential rate cuts this year would be based on the incoming inflation data.
What factors are driving the demand for Bitcoin ETFs?
The XRP recent price movements have caused a major stir in the crypto market, with the cryptocurrency experiencing a significant price surge and breaking out of crucial resistance levels. Driven by its recent bullish momentum, XRP has succeeded in breaking a key bullish pattern, as a result, a crypto analyst has predicted that it could potentially jump 4X to new highs of $2.6.
The XRP community is currently abuzz with speculation regarding the imminent release of the Ripple stablecoin, RLUSD. Contrary to widespread rumors, Vet (@Vet_X0), a recognized XRPL dUNL validator and co-founder of the leading NFT marketplace on the XRP Ledger “xrp.cafe,” has clarified that the RLUSD will not be fully functional on the XRPL this year.
Even though Ethereum's (ETH) price has not produced the gains that holders would hope for, recent data shows that investors holding the altcoin have remained resilient and optimistic. This could be surprising, especially as the Ethereum Foundation, which has been at the helm of selling ETH, has liquidated some assets again.
Three of the largest cryptocurrencies are stumbling today. Here's why.
The ever-evolving world of cryptocurrencies, predictions about soaring prices often capture the imagination of investors and enthusiasts alike. One of the most eye-catching assertions comes from Quincy Jones, a former developer with R3 Corda.
Bitcoin mining giant CleanSpark (NASDAQ:CLSK) is betting big on the next crypto bull run, as CEO Zach Bradford told Bernstein analysts that the company plans to aggressively expand mining capacity ahead of and expected Bitcoin (CRYPTO: BTC) price surge. What Happened: "I believe we could see Bitcoin peak just under $200,000, sometime in the next 18 months,” Bradford told Bernstein analysts in an interview.
The cryptocurrency market appears to be gearing up for its next upward trend as several key indicators, including Bitcoin‘s (CRYPTO: BTC) Exchange Flow Multiple, show signs of accumulation. What Happened: The Exchange Flow Multiple (30-day/365-day) – an indicator measuring the ratio between short-term and long-term inflows and outflows of Bitcoin on exchanges – has reached its lowest point this year, suggesting decreased volatility in Bitcoin exchange flows, according to CryptoQuant.
Cardano's Midnight project is set to unify major blockchains through a focus on aligned incentives, including the “Glacier drop.”
As October approaches, Bitcoin anticipates strong market performance, possibly reclaiming or surpassing its all-time high.
The head of blockchain analytics platform CryptoQuant thinks Bitcoin (BTC) is right in the middle of a bull cycle, despite a dip to start the week.
Despite being historically bearish, September turned out to be green for both Ethereum and Dogecoin.
Bitcoin (BTC) is showing signs of a potential parabolic rally in October. A combined reading of some on-chain metrics signals that the king coin is poised to move toward the $73,000 price mark.
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Binance Coin (BNB), the fourth-largest crypto currency by market capitalization, is currently experiencing a significant market movement, largely driven by the recent release of former Binance CEO Changpeng Zhao (CZ) after a four-month detention related to U.S. money laundering allegations. This development a surge in BNB's price, but it was accompanied by a spike in liquidations, resulting in an immediate local reversal across many BNB trading pairs.
Raphael Bostic, the President of the Federal Reserve of Atlanta, has hinted that he might favor another 50 basis point rate cut in November if US Job data improves. This conditional expectation is not unheard of as other Federal Reserve officials have hinted.
Recent data reveals that bitcoin wallets holding between 0.1 and 1 BTC have grown by an impressive 9,563 since the year began. Meanwhile, the number of crab wallets containing 1 to 10 BTC has shrunk by 7,783.
XRP closed another week up 8%, overcoming previous stubborn resistance at $0.60. It is currently up 12% for the month and it's on track to closing its strongest quarterly return since Q1, 2023 — which was approximately just over a year ago.
Prominent cryptocurrency trader Eugene Ng on Saturday shared his trading reflections for September, highlighting a successful month that saw him net nearly $7 million in profits. What Happened: His keen market strategies and timely decisions during a pivotal period have led him to predict a significant upcoming surge in Bitcoin (CRYPTO: BTC) and other leading cryptocurrencies.
After a long stretch of muted price movement, the original meme coin Dogecoin (DOGE) has finally entered a position where it could prepare for a parabolic upsurge. Based on a classic bullish reversal setup, the DOGE price looks well-positioned to gain an impressive 50%.
Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana. Solana is the third most valuable smart contracts platform, trailing Ethereum and the BNB Chain.
Solana's coiling price against Bitcoin suggests it could be ready for a breakout soon.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.