Month: September 2024

Dogecoin Miners In Accumulation Mode, But Is This Really Bullish?

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On-chain data shows the Dogecoin miners have been accumulating recently. Here’s what this could mean for the memecoin, based on past pattern. Dogecoin Miner Supply Has Been Going Up For A While Now In a new insight post, the on-chain analytics firm Santiment has talked about the role of the miners in the different cryptocurrency markets like Bitcoin and Dogecoin. The indicator of interest here is the “Supply held by Miners,” which, as its name suggests, keeps track of the total amount of tokens that the miners of a network…

Cryptocurrency Market Insights – CryptoCurrencyNews

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The cryptocurrency market has been a hotbed of activity, marked by significant volatility and a flurry of new developments. Bitcoin (BTC), the leading digital currency, continues to dominate the market, but other cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are also making significant strides. Bitcoin’s recent surge to new all-time highs has captured the attention of both retail and institutional investors. The growing acceptance of Bitcoin as a legitimate asset class is evidenced by major companies like Tesla (NASDAQ:TSLA) and MicroStrategy (NASDAQ:MSTR) adding Bitcoin to their balance sheets.…

Today’s Cryptocurrency Market Trends – CryptoCurrencyNews

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The cryptocurrency market has seen significant volatility today, with major coins experiencing substantial price fluctuations. Bitcoin (BTC-USD) led the charge, initially surging by 5% in the early trading hours before retracting by 3% as the day progressed. This volatility has been attributed to various macroeconomic factors including inflation concerns and regulatory developments in key markets. Ethereum (ETH-USD) followed a similar trend, witnessing a 4% rise before settling at a 2% gain by the end of the day. Analysts suggest that the increased activity could be linked to upcoming updates in…

Expert consensus foresees 25bps cut and short-term volatility

Ahead of the Federal Reserve meeting, markets weighed the expected rate cuts and how asset prices might react over the coming months. Of 114 economist opinions polled by Bloomberg, 104 experts predicted the Federal Reserve would cut funding rates by 25 basis points for the first time in four years, while nine analysts forecasted a 50 bps cut. According to QCP Capital, citing Fed Fund Futures pricing, market players saw a 66% chance of a 50 bps decision at the Federal Open Market Committee later on Wednesday, Sept. 18. Prospects…

Bitcoin Market Stagnation Signals Potential for Future Volatility, Report Shows

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Bitcoin’s market is currently experiencing a period of stagnation, characterized by minimal capital inflows and outflows. According to an onchain analysis from Glassnode, researchers highlight that this inactivity may lead to heightened volatility in the near future. Glassnode Analysis Warns of Potential Volatility Glassnode’s report with researchers Ukuria OC and Cryptovizart reveals that demand for […] Original

Nervos (CKB) Stuns Crypto Market With 120% Rally

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms

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Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal Reserve’s interest rate decision, according to K33 analyst David Zimmerman. This move indicates a cautious approach in the market, as the Federal Open Market Committee (FOMC) is expected to announce its latest interest rate decision later today by 2 pm ET The Looming Rate Cut And The Beforemath So far, current market sentiment points towards a 50 basis-point rate cut, a significant change from the usual monetary policy. This…

Why Everyone Should Profit From the AI Boom

Fair AI is the amalgamation of technologies and economic incentives that, together, ensures AI evolves in a way that is beneficial to everyone who enables or uses it. There are some core principles to Fair AI — ownership, permission, and fair compensation. Specifically, fair compensation for the contribution of data, compute, and content to datasets. Consider this example — a user could give permission to contribute their data from their social profile – say, Twitter/X. This is not dissimilar from the process that happens when you give certain applications access…