As October 2024 kicked off, the crypto market has remained steady despite a widespread dip on Tuesday. Since January, there’s been an interesting uptick in specific crypto themes, with artificial intelligence (AI) tokens, bridge cryptocurrencies, and meme coins outshining sectors like exchange tokens and store of value coins. The following editorial explores the top five […] Source BitcoincryptoexchangeExchanges CryptoX Portal
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […] Original
Although NFTs might have less trading volume currently, at the peak of the bull market, they became the next big thing in the digital assets sector as celebrities and big brands embraced the idea of unique digital assets that are verified using blockchain. At the time, the idea of having distinct and irreplaceable assets gained prominence within various communities, including digital art, music, videos and gambling. Source
If the market linked crypto prices directly to Republican win odds, the dots in the chart above would form an upward-sloping 45-degree line. Conversely, a direct link to Democratic win odds would show a similar, but downward-sloping, line. Instead, we see a scattered cloud of dots, indicating no clear, consistent trend between election outcomes and crypto prices so far. Source
Franklin’s latest addition is due to Aptos’ unique characteristics which also meet the asset manager’s rigorous suitability standards for its Benji platform, the firm’s blockchain-integrated recordkeeping system, said Roger Bayston, head of digital assets at Franklin Templeton. One Benji token represents one share of the fund. Source
On Oct. 2, several major altcoins, including STRK, AR, LDO, and CORE, experienced double-digit losses as geopolitical tensions and long liquidations hit the crypto market. Starknet (STRK) led the altcoin losses, dropping 13.4% over the past 24 hours. Trading volume remained around $151 million, while its market capitalization shrunk by 13.75%, now sitting at $772 million. Similarly, Arweave (AR) fell 14.3% to $19.98, with a daily trading volume of $226 million and a market cap of $1.3 billion—its lowest point in the last seven days. Lido DAO (LDO) also suffered,…
The cryptocurrency market decline has been significant recently, as global geopolitical events have sent shockwaves through financial markets. Investor uncertainty spiked after reports of missile attacks in the Middle East, causing a notable drop in the prices of major cryptocurrencies like Ethereum and Solana. Ethereum and Solana Plummet Amid Investor Concerns According to data from CoinGecko, the total market cap of all cryptocurrencies fell approximately 5.5% within a short period. This substantial decrease was partly driven by the drop in Ethereum prices, which fell below $2,500, and Solana, which dipped…
However, coming out of a prolonged bear market in 2018 and 2019, bitcoin moved again in late-2020 into early 2021 as the price climbed from roughly $10,000 to $60,000. However, we can see that this cohort was selling bitcoin during the entire period, locking in those gains as they were buyers in the previous bear market instead of buying the top they were selling. Source
If bitcoin follows historical patterns post halving a rally could start between now and April, the broker said. Source
Este artículo también está disponible en español. Ethereum, the second-largest cryptocurrency by market cap, has recently shown signs of a shifting market sentiment and momentum, according to an analysis by a CryptoQuant analyst named Percival. The analyst disclosed that various market conditions and technological developments have impacted Ethereum’s momentum and have led to mixed views on its future growth trajectory. Related Reading Ethereum’s Market Sees Shift Percival, highlighted that Ethereum has faced a decline in activity due to the rise of other blockchains with greater accessibility, more advanced technology, and…