Market expert and Bitcoin (BTC) investor Lark Davis has predicted an “insane” trajectory for the crypto market over the next 90 days, with a confluence of factors poised to drive significant growth and change within the digital asset landscape. In a recent social media post, Davis outlined compelling reasons underpinning his bullish outlook for the crypto market. Looming Catalysts Set To Ignite Crypto Market One key catalyst highlighted by Davis is the anticipated potential for rate cuts by the US Federal Reserve (Fed) within the next three weeks. Federal Reserve…
Tag: Market
Bitcoin (BTC) Price Falls Below $59K Amid Broad Market Rout; Ether (ETH) Slumps Almost 10%
Bitcoin had topped $62,700 earlier in the day, but recently was down 6.5% from 24 hours earlier. Amid the rout, it got as low as $58,240, the lowest price since Aug. 19. Ether traded as high as $2,700 earlier Wednesday, but recently fetched less than $2,500. Source
The Crypto Bull Market Has Created 88K New Millionaires in 2024: Henley Global
The report adds that the amount of centi-millionaires, individuals with assets of over $100 million, has increased 79% to 325. Bitcoin was the largest contributor to the rise in billionaires, with five of the six billionaires becoming so through bitcoin investment. Source
Tokenization Pioneer Centrifuge Unveils Real-World Asset (RWA) Lending Market With Morpho, Coinbase
“This RWA market with Morpho aims to give these tokens utility,” Vogelsang said in an interview. “If you hold a Treasury bill and you need a bit of USDC for a couple hours, or days, or whatever, you can have that access without having to go through the complicated process of redeeming it, waiting for the issuers to give you the dollars back and possibly pay fees. So, basically instant liquidity without having to actually redeem the underlying asset that you’re using to borrow.” Source
Crypto Market Has Struggled Since Spot Ether (ETH) ETFs Started Trading: Citi
The bank noted that other risk assets have also been weak over this period, but crypto has underperformed since the post-nonfarm payrolls (NFP) rebound, on a volatility-adjusted basis. Nonfarm payrolls is a U.S. employment report usually published on the first Friday of every month. Source
PayPal’s PYUSD Stablecoin Hits $1B Market Cap as Activity Booms on Solana (SOL) Blockchain Amid DeFi Rewards
“My sense is that these incentives are not sustainable, but they are not designed to be permanent,” David Shuttleworth, partner at research firm Anagram, told CoinDesk. “Part of the idea here is to get more PYUSD into circulation and get users, especially new ones, on-chain and active on the Solana ecosystem.” Source link
BlackRock’s BUIDL $500M Market Cap Boosts Tokenized Treasury Market
Most of the recent growth, however, came from smaller issuers, rwa.xyz data shows. Hashnote’s offering mushroomed nearly 50% to hit $218 million over the past month. Meanwhile, OpenEden’s and Superstate’s products grew 37% and 18%, respectively, during the same period, both nearing $100 million market cap. Source
Crypto Startup Backed by Likes of Dragonfly Aims to Create Market to Trade Airdrop-Related Points
While various projects have seen real value brought by the accelerated growth from leveraging points programs, there have been issues around unmet promises and users getting airdrops and payouts from their point programs that are much less than they were expecting, said Rumpel Labs CEO Kenton Prescott – a former developer of MakerDAO. Meanwhile, there are users out there who want to get extra exposure to these projects, but have no way of getting that, Prescott added. Source
Bitcoin (BTC) Price Under $64K, AI Tokens Lead Market Ahead of Nvidia Earnings
Major tokens jumped through Saturday, but registered slight losses in the past 24 hours. Ether (ETH) traded just over $2,700, while Solana’s SOL and xrp (XRP) were changing hands at $158 and 58 cents, respectively. Meanwhile, while Tron’s TRX jumped 3% as an ongoing memecoin frenzy continues to add demand for the token. Source
Crypto Market Surges by $623B in 2024 as Bitcoin Climbs $20K Higher
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during this period. Top 10 Crypto Market Climbs From $1.37T […] Original