BTC broke $64,000 in late U.S. hours Tuesday as traders pushed the chances of a second consecutive 50 basis point rate Fed rate cut to 61%. PLUS: Floki fundamentals fuel a price surge. Source
Month: September 2024
XRP Price Remains in Range: Can It Escape the Consolidation?
XRP price is still consolidating above the $0.5785 support. The price must clear the $0.5950 and $0.6050 resistance levels to gain bullish momentum. XRP price is still trading below the $0.600 resistance zone. The price is now trading above $0.590 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $0.5865 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5950 and $0.6050 resistance levels. XRP Price Eyes…
Blockchain-Based Investment Platform Assetera to Offer Tokenized Real-World Assets (RWA) on Polygon
The Austria-regulated company holds both MiFID II and virtual asset service provider (VASP) licenses, and plans to upgrade to meet Markets in Crypto Assets (MiCA) standards, which would open the door to offering its services across the European Union. The platform is open to both retail and professional clients. Source link
Spot Bitcoin ETFs accumulate $390.7m over four days, Ethereum ETFs see rebound
Spot Bitcoin exchange-traded funds in the U.S. recorded a significant jump in net inflows on Sept. 24, while spot Ether ETFs reversed course, moving back into net positive flows. Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $135.95 million on the day, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $390.7 million. BlackRock‘s IBIT, the largest Bitcoin ETF, spearheaded the inflows with $98.9 million, marking its second consecutive day of positive inflows and bringing its…
Binance Says it Helped India's Enforcement Directorate Trace $47.6 million Related to a Gaming Scam
Binance, the world’s largest cryptocurrency exchange, has helped India’s Enforcement Directorate (ED), the authority investigating financial crimes, in the arrest of four individuals in a gaming scam worth $47.6 million, the exchange said on Wednesday. Source
GMX price stalls as crypto perpetual futures volume retreats
GMX token remained flat on Tuesday, Sept. 24, as most cryptocurrencies continued consolidating and volume in its ecosystem retreated. GMX (GMX) was trading at $25.2, slightly above this month’s low of $21.55. It has risen by over 44% from its lowest level this year, bringing its market cap to over $244 million. GMX, one of the leading players in the on-chain perpetual futures industry, has seen its volume decline in recent weeks. Data from DeFi Llama shows that the exchange handled over $144 million in the last 24 hours and…
Bitcoin Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Cardano (ADA) Jumps 10%: Is a $0.50 Retest on the Horizon?
Cardano price started a decent increase above the $0.3620 resistance. ADA is now showing positive signs and might rise further toward $0.420. ADA price started a recovery wave from the $0.3420 level. The price is trading above $0.380 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.3810 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move up if it remains stable above the $0.3800 support zone. Cardano Price Starts Steady Increase After…
BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…
Stand With Crypto Group Downgrades Harris’ Rating to ‘NA’ From ‘B’
In contrast, the Republican campaign has a specific crypto policy, which says it will “end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency”. Also, it promises to “defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets.” Source