Month: August 2024

Dogwifhat, Brett, Bonk, Pepe lead weekend losses

Cryptocurrency prices remained under pressure on Monday, continuing a trend that has happened in almost two weeks. Meme coins sell-off continues Altogether, all meme coins tracked by CoinGecko have a market cap of over $38 billion, down from their year-to-date high of more than $68 billion.  A closer look at their charts shows that most of them have a close correlation with each other. All tokens mentioned below have fallen in the past five days and have retreated by over 50% from their highest point this year.  Bitcoin (BTC) was…

PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support

boss

Recent trading activities reveal that PEPE is under mounting selling pressure as its price falls below the critical $0.00000766 support level. This dip signals a further bearish move, with bears gaining control and eyeing further downside towards the $00000589. The break below this key level raises concerns among traders, as the possibility of deeper losses becomes increasingly likely. As momentum turns negative, this article aims to examine the implications of PEPE’s price slipping below a critical support level. It will delve into how this breakdown impacts market sentiment, and with…

Bitcoin ETFs See $36M Inflows as Ethereum Funds Shed $15M

boss

Recent data from U.S.-based bitcoin and ethereum spot exchange-traded funds (ETFs) collected by sosovalue.xyz reveal a mixed bag for these popular assets. On Friday, bitcoin ETFs added around $36 million, while ethereum funds experienced a $15 million dip. Mixed Results for Crypto ETFs: Bitcoin Gains $36M, Ethereum Drops $15M Ether ETFs, in particular, saw further […] Original

Banana Gun token ignores the crypto sell-off, spikes 110%

Banana Gun token price continued its strong rebound on Aug. 17 even as other cryptocurrencies like Bitcoin and Ether retreated.  The banana token rally accelerates The Banana (BANANA) token rose for the second consecutive day, reaching a high of $64.47, its highest level since July 26 and 117% above its lowest level in August. The other top-performing tokens were Neiro (NEIRO) and Synapse (SYN), which rose by over 105% and 40%. Banana Gun’s jump pushed its market cap to over $205 million. It happened in a high-volume environment as the…

Microstrategy’s Bitcoin Holdings Catch Up to Theoretical Ether Profits Without Staking

boss

After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second Best’ index once hinted that investing in ethereum might have been a wiser choice for Microstrategy, the gap […] Original

Solana $260 Target Beckons As Price Nears All-Time Highs

boss

Recently, a significant amount of interest—both positive and negative—has been placed on Solana. Experts are highly optimistic about SOL, and crypto analyst Alan Santana once showed his doubt over the token by stating that it might be due for a heavy fall. Related Reading Divergent View On The Stability Of Solana Solana has been impressive regarding the stability within this wild market. A crypto expert named Jelle has echoed the same notion as he referred to the wonderful chart of SOL and explained how this digital asset could reach $260.…

Spot Bitcoin ETF inflows jumped 223%, crypto market corrects

boss

Fidelity led the way for the second consecutive day with $61.3 million worth of inflows to its spot Bitcoin ETF — the Fidelity Bitcoin Fund. BlackRock’s IBIT followed with $20.4 million in inflows after a day of inactivity. The increase in activity comes as SoSoValue data shows that 12 U.S.-based spot Bitcoin (BTC) ETFs recorded $36.01 million in inflows on Aug. 16. That’s a 223% increase compared to Aug. 15, when net inflows were $11.11 million. Other notable inflows included $13.4 million into ARK 21Shares’s ARKB, $12 million into Bitwise’s…

Bitcoin Market Facing A Persistent Net Sell-Side Bias, Glassnode Reveals

boss

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”…

IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact

International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate a potential reduction in emissions by 100 million tons annually, while generating […] Source CryptoX Portal