On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving sustainably” toward the 2% target. Fed Pauses Rate […] Source CryptoX Portal
Bitcoin, with its intraday low and high at $60,760 and $66,382 respectively, and currently trading above the $63,500 mark, showcases its durability and unpredictability. The price movements of bitcoin persist in the lead-up to the U.S. Federal Reserve’s gathering on Wednesday afternoon. Bitcoin On March 20, 2024, bitcoin’s (BTC) 1-hour chart reveals a prevailing downtrend, […] Original
As Argentina’s inflation climbs, Bitcoin gains popularity over fiat currencies, driving increased crypto purchases and scam activity. In Argentina, where inflation has surged to staggering levels, Bitcoin is emerging as a preferred hedge against economic instability, Bloomberg reports, citing data compiled by a local crypto exchange Lemon Cash. Lemon Cash’s data reveals a significant uptick in Bitcoin transactions, nearing their highest weekly value in 20 months. The surge appears to coincide with President Javier Milei’s implementation of shock therapy policies aimed at revitalizing the economy, prompting Argentines to seek alternative…
“In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22,” Standard Chartered said in a separate note. “Given our estimated BTC price level of USD 200,000 at end-2025, that would imply an ETH price of $14,000.” Source
MOON is currently listed on Arbitrum Nova. After the bridge goes live, MOON holders can bridge coins from Nova to One and from One to Nova. As of writing, Arbitrum One boasts higher liquidity, with $3.43 billion worth of cryptocurrencies locked in its decentralized finance ecosystem, according to DeFiLlama. Meanwhile, Arbitrum Nova had $2.09 million. Source
IntoTheBlock’s head of research cautions that the market is showing signs of ‘being overheated,’ citing escalating leverage in both centralized and decentralized finance sectors. With Bitcoin’s (BTC) price retracing from its peak and dipping below $69,000, analysts at IntoTheBlock warn of the market showing signs of “being overheated,” sparking worries of a potential correction. The crypto market is showing signs of being overheated. An increasing amount of leverage in DeFi and CeFi markets suggests we may soon experience a correction. Let’s dive in – based on @intotheblock‘s weekly newsletter 👇🚨…
Scott Melker, also known as the “Wolf of All Streets,” has revealed his theory on the potential resurgence of mainstream fear of missing out (FOMO) in the crypto market. He asserted that people seem to forget that the mainstream fervor in the last bull market came through dog coins, like dogecoin, and non-fungible tokens (NFTs). […] Source CryptoX Portal
As Bitcoin prices soar, the wealthiest investors are holding onto their assets. What’s driving this choice, and how does it affect the market? In recent years, the number of large Bitcoin (BTC) holders, called “whales”, has increased significantly. Data from Glassnode reveals a striking uptrend in the number of Bitcoin addresses holding over $100,000, escalating from less than 140,000 in July 2020 to nearly 680,000 by Mar. 12. Bitcoin addresses with a balance of more than $100,000 | Source: Glassnode Similarly, addresses possessing more than $1 million in Bitcoin surged from…
On March 14, the difficulty of Bitcoin mining reached a new historical maximum of 83.99 T. BTC.com says the rate has increased by 5.79% since the last change date. The first cryptocurrency’s current mining hashrate has also reached its maximum, meaning that more participants have joined mining activity. Currently, the figure is 616.74 EH/s. Source: BTC.com The next recount will take place on March 27. The forecast is an increase of 0.07%, according to BTC.com. On March 1, the difficulty of Bitcoin (BTC) mining decreased by 2.9%. The complexity of…
With previous price achievements, Solana (SOL) has become one of the biggest cryptocurrencies in the market, garnering the attention of investors and traders as its price continues to rise, hitting a new yearly high of $172. Solana (SOL) Breaks Through All Critical Levels Solana has effectively reached a new 25-month high, reflecting a strong positive interest from crypto investors within the sector. Due to this, several market experts are predicting that the crypto asset reaching a new all-time high is on the horizon. Crypto Jelle, a cryptocurrency trader and analyst…