Tag: Market

Bitcoin Maintains Market Dominance With $42 Million In Inflows

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Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After being overshadowed by Ethereum in the previous week, Bitcoin regained its leading position, drawing the majority of the inflows. Solana, on the other hand, experienced its largest outflow on record, which was primarily driven by…

Avalanche (AVAX) Consolidation Continues As Funding Rate Signals Possible Market Shift

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Avalanche (AVAX) has needed help recovering its losses in this volatile crypto market. Compared to other Layer-1 (L1) blockchains, AVAX consolidation could have been faster, raising concerns about its future performance. Related Reading Despite this uncertainty, recent price action shows AVAX consolidation above the $19.80 support, trading at $22.11 when writing and creating a positive sentiment among bulls. The Avalanche funding rate has turned positive for the first time since late July, and some analysts are even anticipating a potential reversal in Avalanche’s fortunes. AVAX Funding Rate Turns Positive According…

Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’

Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […] Source CryptoX Portal

Cardano Kicked Out Of Top 10 Crypto By Market Cap, What’s Going On?

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In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market.  Cardano’s Fall From Grace  According to reports from CoinMarketCap, Cardano has dropped out of the top 10 largest cryptocurrencies by market capitalization. The popular altcoin lost its long-standing position following significant price declines over the past week, which reduced its market capitalization to around $12.3 billion. Bill Morgan, a popular crypto enthusiast…

Bitcoin Returns to $61K, Outperforms Broader Crypto Market

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State Street is partnering with digital asset custodian Taurus for its tokenization plans with the intention of extending to crypto custody once the U.S. regulatory environment improves. State Street, which has $44.3 trillion in assets under management, plans to go live with tokenized versions of traditional assets. The bank has been “very vocal” about the need to change SAB 121, which could force banks seeking to hold crypto to maintain an onerous amount of capital to compensate for the risk, Donna Milrod, chief product officer and head of Digital Asset…

Drift brings DeFi-integrated prediction market to Solana

Drift, an on-chain trading protocol, has introduced prediction markets as part of its expanding suite of products. The Solana (SOL)-based platform revealed its new predictions market feature in an announcement on Aug. 19. Drift’s prediction market product will function similarly to Polymarket, offering users the chance to bet on the outcome of events such as the U.S. election. However, Drift’s B.E.T goes a step further by integrating decentralized finance. With Drift’s B.E.T, users can earn yield on their bet trades as the event unfolds and reaches its resolution. Additionally, users…

BNB And XRP Surge Past Market Leaders

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In a significant development, two of the top 10 cryptocurrencies on the market, Binance Coin (BNB) and XRP, have emerged as the outperformers this Monday, overshadowing the gains of industry leaders Bitcoin (BTC) and Ethereum (ETH). XRP Price Analysis XRP, the token associated with the blockchain company Ripple, has taken the lead among the top 10 cryptocurrencies surging nearly 6%. The token’s price reached a near two-week high of $0.6080 earlier on Monday, coupled with a 197% increase in trading volume over the past 24 hours, according to CoinGecko data.…

Why Market Experts Are More Excited At MPEPE Then DOGE

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The spotlight often shifts from one promising project to another. Currently, market experts are buzzing with enthusiasm for Mpeppe (MPEPE), overshadowing even the iconic Dogecoin (DOGE). Here’s a detailed look into why Mpeppe (MPEPE) is capturing the spotlight and why experts are more excited about its potential. The Rise of Dogecoin (DOGE): A Memecoin Icon Dogecoin (DOGE) began as a joke, inspired by the popular Doge meme. Despite its humble beginnings, it has grown into a significant player in the crypto world, thanks to its vibrant community and high-profile endorsements.…