Day: August 3, 2024

Can XRP Rally 1,000X Despite The Drop Below $0.6?

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A crypto analyst predicts that the price of XRP, the native token of the XRP Ledger (XRPL) could witness a 1,000X rally soon. Despite the recent significant decline in the cryptocurrency’s price, the analyst remains confident in the future outlook of XRP.   Related Reading XRP Gears Up For 1,000X Surge A crypto analyst identified as ‘Mickle’ on X (formerly Twitter) has shared bullish insights on XRP’s future value, emphasizing the cryptocurrency’s potential to break out of bearish trends and witness a massive rally to new highs. During his video post,…

Ethereum Price Under Pressure: Watch Out For $3,000

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

US spot Bitcoin, Ethereum ETFs record joint outflows for first time

CryptoX – Cryptocurrency Analysis and News Portal Spot Bitcoin and Ethereum exchange-traded funds in the U.S. recorded joint outflows for the first time on Aug. 2. Bitcoin ETFs see outflows of $237.4m The 11 spot Bitcoin (BTC) ETFs in the U.S. experienced a net outflow of $237.4… Source The post US spot Bitcoin, Ethereum ETFs record joint outflows for first time appeared first on CryptoX. CryptoX Portal

Bitcoin, Ethereum ETFs record joint outflows for first time

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Spot Bitcoin and Ethereum exchange-traded funds in the U.S. recorded joint outflows for the first time on Aug. 2. Bitcoin ETFs see outflows of $237.4m The 11 spot Bitcoin (BTC) ETFs in the U.S. experienced a net outflow of $237.4 million at the end of the trading day on Friday, Aug. 2. This is the largest outflow from these investment products since the beginning of May when they experienced $563.8 million in outflows. Bitcoin ETF Flow (US$ million) – 2024-08-02 TOTAL NET FLOW: -237.4(Provisional data) IBIT: 42.8FBTC: -104.1BITB: -29.4ARKB: -87.7BTCO:…

Bitcoin, Ethereum, BNB also drop

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The crypto market is facing a downturn as major coins like Solana, Bitcoin, Ethereum, and BNB experience notable price drops. In the past 24 hours, Solana (SOL) has suffered the steepest decline among them. Following a seeming shift in market sentiment coming on the back of an underwhelming jobs report, Solana’s price plummeted by more than 7% in 24 hours.  The drop outpaced the losses of other leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and BNB, which all contributed to the overall value of the crypto market going down…

Solana Token’s Rally Reflects Protocol’s Potential, Says Web3 Advocate

The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite recent outages. Solana Stress Tests Lead to Upgrades and Improvements Nevertheless, in his written responses shared with […] Source CryptoX Portal

Bitcoin Hashrate Nears Record Levels Amidst Price Decline

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…