CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization. Source
ZkSync is a layer-2 network designed to scale Ethereum, providing cheaper transactions by performing computation and storing data off-chain; taxonomically speaking, it’s classified as a sub-type of layer-2 known as a ZK rollup, which relies on zero-knowledge cryptography, seen as one of the most promising new technologies in blockchain. Source
Even after the upswing mid-this week, Bitcoin prices remain wavy, considering price action in lower time frames. The coin is retesting $66,000 at spot rates, but traders expect the breakout to have been confirmed, pushing BTC prices toward $70,000. Since the surge to all-time highs in March, the coin has been on a steady downtrend, as shown in the formation on the daily chart. BTC Liquidity Is High Despite Accumulation: Analyst Therefore, as doubt creeps in, Willy Woo, a Bitcoin on-chain analyst, is calming down market participants, saying the coin…
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As Polkadot (DOT)’s adoption spikes, investors seek to diversify with promising tokens. Learn about RCO Finance (RCOF) and how it can help maximize profits. Despite being an innovative technology, Polkadot (DOT) has struggled to gain adoption since its launch. The coin showed a downward trend for most of 2023. However, user and developer adoption increase in the fourth quarter of 2023 reversed the trend. This marked the beginning of significant growth for Polkadot (DOT), reflecting the platform’s expanding influence in the crypto scene. In the past 24 hours, it also…
Unprofitable bitcoin miners are starting to exit the network after the halving , as expected. That’s a relief to remaining miners because it makes producing a single bitcoin less expensive. But much of their performance relies on bitcoin’s price, which still faces several near-term headwinds, according to JPMorgan. “The current hashrate and power consumption put our central estimate of the bitcoin production cost to around $45,000, i.e. well below current prices,” JPMorgan’s Nikolaos Panigirtzoglou said in a note Thursday. Bitcoin is currently trading at about $66,000, after a 7% rally…
For analysts and investors alike, comprehending the variables that influence price action in the complex world of cryptocurrency markets is essential. Ali Martinez, a well-known cryptocurrency expert, has recently provided insights into the fluctuations in the price of Bitcoin by applying the basic economic theory of supply and demand. Understanding Bitcoin Prices Through Supply And Demand It is worth noting that any asset’s price movement, including cryptocurrencies, is determined by the fundamental rules of supply and demand. An asset’s price tends to decrease when supply outpaces demand, while prices typically…
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth day of inflows, accumulating $257.3 million. Grayscale’s Bitcoin Trust (GBTC) also experienced its fourth day of inflows, gaining $4.6 million during the trading sessions. Spread Between IBIT and GBTC Bitcoin Reserves Grows Thinner U.S. spot bitcoin ETFs continued their streak this week with four […] Original
Through the Crypto Council for Innovation, a coalition of digital assets organizations and companies, including Coinbase, Kraken, Andreessen Horowitz, the Digital Currency Group and about 50 others, wrote a letter to Speaker of the House Mike Johnson (R-La.) and Minority Leader Hakeem Jeffries (D-N.Y.), advocating for passage of the bill. The Financial Innovation and Technology for the 21st Century Act (FIT21) has been authorized for floor time next week, where observers are hoping to see a mid-week vote. Source
According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin Plunges to $0.915 Another stablecoin faces challenges in maintaining its 1:1 […] Source CryptoX Portal