The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher. Source
CoinDesk 20 Performance Update: XRP and LTC Top Performers as Crypto Market Tumbles
Tag: Market
Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy
The median deal size rose slightly to $3.2 million, but “median pre-money valuation surged dramatically to near all-time highs” of $37 million, the note observed, suggesting that the resurgence of the cryptocurrency market in recent quarters is leading to “significant competition and fear of missing out (FOMO) among investors.” Source
Market Expert Sees Big Things For LDO: $6 Price On Horizon
Lido DAO (LDO), the innovative liquid staking solution on the Ethereum network, has been on a wild ride lately. After a stellar run, the past week saw LDO plummet 24%, mirroring the broader cryptocurrency market’s turbulence. However, amidst the dip, a sense of cautious optimism flickers among investors, fueled by potential market shifts and bullish whispers from industry gurus. Related Reading Lido’s Prominent Role In Ethereum Staking LDO’s recent price tumble isn’t a solo act. The entire cryptocurrency market has been dancing to the tune of Bitcoin’s (BTC) recent price…
Crypto Market Mirrors Early June, Says Matrixport Co-Founder
In a recent commentary on X, Daniel Yan, co-founder of Matrixport and CIO at Kryptanium Capital, offered a detailed comparison between the current crypto market dynamics and those observed in early June. His insights are especially relevant as the market approaches several key economic releases that could significantly influence the trajectory of major cryptocurrencies like Bitcoin (BTC) and Solana (SOL). History Repeating For The Crypto Market? Yan’s analysis began with an overview of the current market recovery, noting that both BTC and SOL are “grinding at key technical levels nicely…
36% Explosion! ENS Steals The Spotlight In The Crypto Market
The ENS token (Ethereum Name Service) has recently taken center stage in the crypto community, sustaining a 36% rise in in the last week. This steady surge has sparked widespread interest, with some analysts predicting a prolonged bullish trend, while others advise caution. Related Reading ENS: Price Explosion & Renewed Investor Interest ENS, the native token of the Ethereum Name Service, which translates human-readable domain names into machine-readable wallet addresses, surged by over 2% in the past day. This propelled the token as one of the highest gainers today. ENS…
Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation
Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an entity combining its AI cloud computing and data center divisions. This new entity would have a valuation […] Source CryptoX Portal
Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Report: Market Analyst John Hussman Warns of Major Downside for S&P 500
John Hussman, a prominent market strategist known for predicting the 2000 and 2008 crashes, warns of a significant downside for the S&P 500. Hussman highlights elevated asset prices and narrow market participation, suggesting a potential decline of 50-70%. Analyst Predicts Major Stock Downturn Amid Elevated Valuations John Hussman, the president of Hussman Investment Trust, has […] Source CryptoX Portal
Marathon Digital stock price gains as crypto market moves higher
Marathon Digital Holdings Inc., (MARA) was up more than 11% early Monday afternoon as crypto stocks rose sharply to mirror Bitcoin (BTC) gains. After struggling with bearish pressure amid miner and government wallets selling, bitcoin price broke to above $63k on July 1. While the flagship cryptocurrency pared gains to return below this mark, the positive sentiment that had also pushed altcoins higher cascaded into the crypto stocks market. BTC traded around $63,182 at the time of writing, up 2.8% in the past 24 hours. Analysts suggest Bitcoin could be…
Bitcoin Investors Place $500 Million In Spot BTC Bids Below Market Price
Bitcoin looks like it’s starting to kick off the week on the right foot, suggesting the end of the correction that lingered throughout June. While investors continue to ponder on Bitcoin’s price trajectory in July, on-chain data, price history, and strategic transactions point to a bullish July. Despite the short-term volatility, many investors remain bullish on Bitcoin’s long-term prospects. Notably, data shows an interesting $500 million increase in bids below the spot price and a rise in open interest, as pointed out by popular crypto analyst Daan Crypto Trades. Bitcoin…