Day: September 21, 2024

Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook

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With its price climbing 17% over the past seven days, Avalanche (AVAX) has lately been on a winning run. Right now, the cryptocurrency is trading at $28.12, up 7% over the past 24 hours alone. This abrupt increase fits a larger recovery across the crypto market driven by a significant shift in the US financial scene: the Federal Reserve’s decision to lower interest rates. The Fed lowered interest rates by 50 basis points on September 18, therefore defining the new range as 4.75%-5%. Aimed at helping to lower inflation and…

Securitize Selects Wormhole as Official Blockchain Interoperability Provider

Real-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on its platform. The partnership aims to enhance liquidity and accessibility for tokenized assets while bridging traditional and decentralized finance systems. Securitize Enhances Tokenized Asset Liquidity Through Wormhole Integration According to the announcement […] Source CryptoX Portal

Is Now The Perfect Time To Buy?

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Este artículo también está disponible en español. As Bitcoin price valuation inches closer to the $65,000 mark, the asset has grabbed the attention of market analysts, with one recently highlighting a key indicator that now suggests a potential further recovery in BTC’s price. Particularly, according to a recent post on the CryptoQuant Quicktake platform by an analyst under the pseudonym ‘Darkfost,’ the Bitcoin Stock-to-Flow (S2F) reversion chart is now showing a major buy signal for Bitcoin. Related Reading S2F Signal Prime Buy Opportunity The S2F model is widely used to…

JPMorgan Forecasts Potential 50bps Rate Cut in November Following Recent Fed Move

JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adjusted their outlooks, JPMorgan remains confident in its forecast, […] Source CryptoX Portal

Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy

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In a notable divergence from the broader cryptocurrency market, Cardano (ADA) has faced challenges in capitalizing on the recent bullish sentiment triggered by the Federal Reserve’s decision to reduce interest rates by 0.50% earlier this week.  While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen gains exceeding 5% in the same timeframe, ADA currently trades at $0.3517, reflecting a 2% decline over the past week. Buy Signals For Cardano  Despite these short-term setbacks, analysts remain optimistic about Cardano’s future price trajectory. Trend Rider, a technical analyst, has highlighted…

Grayscale XRP Trust Surges 11.44% One Week After Launch, Here’s The Catalyst

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Este artículo también está disponible en español. Grayscale’s XRP trust has grown noticeably since launch, a development which spells positive momentum for the digital asset. As one of the leading cryptocurrency asset managers in the world, Grayscale’s decision to unveil the first XRP trust in the US last week signaled the beginning of an institutional influx of funds into the cryptocurrency. Since its debut, the Grayscale XRP Trust has performed remarkably well. Data indicates that the trust’s value has surged by 11.44%, a clear indication of strong demand from institutional investors.…

US Company Settles Salvadoran Coffee Purchase With Bitcoin

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According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, bypassing the need for intermediaries in these deals. Salvadoran Coffee […] Original

TOKEN2049 Singapore main highlights – CryptoX

TOKEN2049 has ended in Singapore. Here are three highlights from one of the most anticipated crypto conferences of the year. One of the largest industry conferences, TOKEN2049, was held from Sept. 18 to 19 in Singapore. It brought together leading figures in the crypto space, who shared their thoughts on trends, developments and priorities for the industry. What will the crypto industry be like in three years? One of the highlights of the event was a panel entitled “The Next 3 Years in Crypto,” during which several leaders of major…