Day: July 31, 2024

Solana Looks ‘Ripe To Push Higher’, Is A Rally To $600 Coming?

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Solana (SOL) was recently in the spotlight after the US Securities and Exchange Commission (SEC) adjusted its complaint regarding the classification of SOL. The network also ranked as the second largest revenue-generating crypto project on Monday. Following this, some market watchers shared their predictions regarding the token’s recent performance. Some highlighted that a recent rejection of a key level could plunge the prince to $150 before it’s ready for a massive rally. Analysts Set New ATH Targets For Solana On Tuesday, crypto trader Yoddha forecasted his price target for Solana…

Bitcoin (BTC) Price Tumbles Below $65K Post-FOMC as Middle East Tensions Flare

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While digital assets suffered losses, most traditional asset classes climbed higher during the day. The 10-year U.S. bond yields fell 10 basis points, while gold was up 1.5% to $2,450, slightly below its record-highs and WTI crude oil prices surged 5%. Equities also soared during the day, with the tech-heavy Nasdaq 100 index rebounding 3% and the S&P 500 closing the session 2.2% higher, led by chipmaker giant Nvidia’s (NVDA) 12% gains. Original

Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars

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Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in selling pressure from miners. Miners Hold Steady: Bitcoin Hashrate Rises, Selling Pressure Decreases The latest onchain market activities report […] Original

No Rate Cuts Yet: Fed Maintains Rates at Historic Highs 

The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the […] Source CryptoX Portal

Shark & Whale Population Sharply Growing

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On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks. The indicator of relevance here is the “Supply Distribution,” which tells us about the number of addresses that currently belong to a given wallet group.…

The Best New Books to Read in August 2024

The best new books to read in August include best-selling author and former flight attendant T.J. Newman’s latest airplane thriller, a Robin Hood for the scammer age, and Rebecca Godfrey’s posthumous novel about art collector Peggy Guggenheim.  The list also includes Helen Phillips’ follow-up to her 2019 novel The Need and a suspenseful Hollywood saga from Mexican Gothic author Silvia Moreno-Garcia. As well as debuts from artist Anne Marie Tendler, writer and owner of noodle company Umi Organic Lola Milholland, and TIME technology correspondent Andrew R. Chow, whose first book…

Market Volatility Surges Amid Global Uncertainty, Says QCP Capital

Recent analysis from QCP Capital highlights the intensifying macroeconomic volatility, driven by various factors including equity market sell-offs, unwinding currency trades, and fluctuating commodity prices. QCP Capital’s researchers foresee further turbulence ahead, particularly in light of upcoming Federal Reserve actions. QCP Capital Cites Heightened Volatility Ahead of Key Federal Reserve Decisions QCP Capital reports that […] Source CryptoX Portal

This PEPE Holder Cohort Is The Reason Price Is Struggling To Reclaim $0.00002

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PEPE bulls have encountered challenges in their attempts to push up the meme cryptocurrency’s price over the past week. Notably, PEPE has experienced a decline of approximately 4% in the last 24 hours alone, with a more substantial drop of 6.5% over the course of the past seven days. The selling sentiment surrounding PEPE has increased significantly since the middle of July. Throughout this period, the meme coin has struggled to break above resistance at $0.0000126, facing repeated failures each time it approached this critical price point.  A deeper analysis…