Day: September 9, 2024

Crypto products see second-biggest weekly outflows in 2024: CoinShares

Data collected by crypto ETP provider CoinShares indicates that the crypto market witnessed the largest weekly outflows since March amid falling prices. Crypto investment products faced outflows exceeding $725 million last week, matching the largest recorded outflow since March. In a Sept. 9 research report, CoinShares head of research James Butterfill attributed this dynamic to stronger-than-expected macroeconomic data from the previous week, which increased speculation about a potential 25 basis point interest rate cut by the U.S. Federal Reserve. “The markets are now awaiting Tuesday’s Consumer Price Index inflation report,…

Bitcoin Price (BTC) Gained 3.0% While Ether Price (ETH) Gained 3.7% as CoinDesk 20 Rallied

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Ether.Fi to Launch Visa ‘Cash’ Card on Scroll Network

The card won’t be available in the United States, at least for the time being – likely as a result of the decentralized finance industry’s shaky regulatory standing in the country. The “tentative” list of countries that will receive Ether.fi‘s new credit card include, the UK, Hong Kong, UEA, Thailand, Brazil, Turkey, France, Germany, Italy, Portugal, Spain, Denmark, Estonia, Netherlands, Poland and Czech Republic, Silagadze told CoinDesk. Source

Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal

boss

Este artículo también está disponible en español. Avalanche (AVAX) is gaining bullish momentum after days of uncertainty and fear in the market. Following a sharp decline, AVAX has surged more than 18% since hitting a low of $20.5 on September 6 and is now showing signs of strength as it flirts with higher prices.  Related Reading This recovery has sparked optimism among top investors and analysts, many of whom are positioning themselves for the next potential rally. Analysts share their views on social media, suggesting that AVAX could soon target…

Elons ‘Dogecoin’ Losses Pace Dropping A Further 3.50%, While Mpeppe (MPEPE) Speeds Past Preparing For Launch

boss

Este artículo también está disponible en español. Dogecoin (DOGE), once the darling of the meme coin world, has recently experienced a further 3.50% decline, leaving investors frustrated. Meanwhile, Mpeppe (MPEPE) is speeding past its competitors as it prepares for its much-anticipated launch. As the crypto community shifts focus to more promising meme coins, Mpeppe (MPEPE) is taking center stage, combining blockchain innovation with sports passion to capture the attention of investors worldwide. Dogecoin Continues to Lose Momentum Despite Elon Musk’s Endorsements Despite Elon Musk’s frequent social media mentions of Dogecoin…

Bitcoin Reclaims $55K Ahead of Tuesday’s Harris-Trump Debate

boss

A Trump victory in November could see bitcoin surge to an all-time high of $90,000, broker Bernstein said in a research report. A Harris victory, on the other hand, could see it test the $30,000-$40,000 range. Bernstein noted Trump’s vocal support for BTC, wishing to make the U.S. the “bitcoin and crypto capital of the world,” and having mentioned cryptocurrency in every policy speech he has made. “After the last three years of regulatory purge, a positive crypto regulatory policy can spur innovation again and bring the users back to…

Toncoin and Solana holders jump on new presale star

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors holding Toncoin and Solana are flocking toward a new presale star that promises to bring them 1,100% returns – Intel Markets. The crypto market is hyped today and this time, it isn’t about the usual suspects such as Bitcoin or Ethereum. This time, holders of Toncoin and Solana are focusing their attention on a new presale star – Intel Markets. This Stage 1 presale sensation has already sold…

Will A Breakout Fuel A Run To $1.86?

boss

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

A 50 Basis Points Fed Rate Cut Could Raise Alarm for Bitcoin (BTC), Crypto Research Firm Warns

boss

Rate moves are expressed in “basis points (bps),” equal to 1/100 of a percentage point and central banks, including the Fed, typically opt for 25 basis point interest rate changes. However, more significant moves are occasionally chosen, indicating a sense of urgency. For instance, the Fed delivered multiple 50 bps and 75 bps hikes during the 2022 tightening cycle, signaling an urgency to control inflation and causing risk aversion in financial markets. Original