Tag: Market

What factors are driving the bitcoin price surge? | ABC NEWS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The price of bitcoin has reached an all-time high, climbing above $US120,000 for the first time. It comes as a number of digital asset laws, likely to give cryptocurrencies a regulatory framework, are to be voted on by US Congress. Doctor Aaron Lane from RMIT’s blockchain innovation hub says a regulatory environment and the appeal of bitcoin as a secure ‘digital gold’ investment amid economic uncertainty have contributed to the recent surge in price. Subscribe: Read more here: ABC NEWS provides around…

Tokenized Money Market Funds May Counter Stablecoin Threat, According to JPMorgan

boss

The tokenization of money market funds marks a significant step in preserving the appeal of “cash as an asset,” especially as the growing adoption of stablecoins threatens to erode the attractiveness of traditional fund offerings, according to JPMorgan strategist Teresa Ho. Commenting on recent initiatives by Goldman Sachs and Bank of New York Mellon to tokenize shares of money market funds, Ho noted that such services will help maintain the competitiveness of these funds while unlocking new use cases, such as margin collateral. This development is particularly timely given the…

NFT Market Makes a Comeback in July: DappRadar

Key Notes NFT market cap jumps 94% from June, reaching $6.6 billion. CryptoPunks lead with a 53% floor price increase amid new demand. Pudgy Penguins briefly led 7-day trading volume last week but has since moved back to the second spot. After a long period of cooling sentiment, the NFT market staged a notable comeback this month. A recent report by DappRadar reports a 94% increase in market capitalization from June, reaching $6.6 billion. The NFT market is showing serious signs of a comeback 📈 With market cap up 94%…

Market Top or Just a Pause? Analysts Weigh in on Bitcoin’s Quiet Zone

boss

Bitcoin continues to consolidate just below the $120,000 mark, exhibiting restrained momentum despite previous rallies that pushed it to all-time highs above $123,000. Over the past 24 hours, the cryptocurrency has fluctuated between a low of $117,422 and a high of $119,197, ultimately trading at $118,578 at the time of writing. While price movement has remained relatively stable, on-chain indicators suggest that broader market sentiment is still in a transitional phase, with neither excessive enthusiasm nor panic selling present among investors. Related Reading Bitcoin Market Signals Suggest Ongoing Expansion Phase…

Bitcoin tops $123,000, here’s why it could go even higher

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin tops 123,000. We look at what’s driving the price up and how high it can go. #youtube #bitcoin #crypto About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple ( or Android ( – Follow Yahoo Finance on social: X: Instagram: TikTok: Facebook: LinkedIn:…

Stablecoin market surges post-genius act as banks and asset managers enter

boss

The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, pushing the stablecoin market cap above $264 billion and fueling corporate interest in related ventures. The surge is no surprise. The landmark legislation provides banks, asset managers, and other institutional investors with a federal framework for fiat-backed stablecoins without the looming threat of enforcement actions by the Securities and Exchange Commission (SEC). With regulatory clarity comes new capital, new players,…

Bitcoin Consolidates Below $120K as Exchange Activity Reflects Mixed Market Signals

boss

Bitcoin continues to hover below its all-time high, with current trading levels near $118,000 reflecting a 0.6% daily drop and a 3.8% pullback from the peak above $123,000 recorded earlier this month. While the broader trend remains uncertain, analysts have assessed on-chain activity for signs of the next major move. Recent data from CryptoQuant analysts highlights a divide between retail and institutional behavior across leading exchanges, raising questions about potential profit-taking or strategic accumulation. Related Reading Bitcoin Retail Traders Sell into Strength, While Whales Accumulate On the one hand, short-term…

Ethereum ETFs Hit 1 Year On US Market

US-based Spot Ether exchange-traded funds marked their one-year trading anniversary on Wednesday amid a three-week run of inflows that included some of their strongest days to date. A year ago, the US Securities and Exchange Commission approved the spot Ether (ETH) ETFs to begin trading on July 23, 2024, with funds from BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, Invesco and two from Grayscale hitting the market. In the 12 months since, those nine ETFs have together taken in total net inflows of around $8.69 billion and command assets under…

Goldman Sachs, BNY Launch Tokenization Service for $7 Trillion Funds Market

Key Notes The collaboration enables MMF shareholders to record investments as digital assets that can be used as collateral for transactions. These tokenized assets function like stablecoins but generate yields for holders, offering faster settlement than traditional services. This partnership represents the first major bridge between the $7 trillion money market fund industry and blockchain-based digital assets. Goldman Sachs Group and Bank of New York Mellon Corporation have entered a collaboration to bring mirrored tokenization services to customers using BNY’s LiquidityDirect platform via Goldman Sachs’ blockchain-based Digital Assets Platform (GS…