Tag: Market

Bitcoin, Ethereum, Solana Over 150% Annual Gains Leave The Stock Market, Gold In The Dust

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Despite the relative tepid movement in the crypto market since Bitcoin hit a new all-time high (ATH) in March, Bitcoin, Ethereum, and Solana have continued to top traditional assets, including Gold. This was highlighted in a recent report that showed how crypto assets have provided the best returns for a while now.  Bitcoin, Ethereum, And Solana Outperform Traditional Assets Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), shared the crypto investment firm’s latest monthly update, showing annualized returns on all major assets. Related Reading Bitcoin, Ethereum, and Solana have…

Bitcoin Must Hit $84,740 to Match Silver’s Market Cap, Over $800,000 to Surpass Gold

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Bitcoin has climbed past $70,000 and is now the world’s ninth-largest asset by market capitalization, among many publicly traded companies and precious metals. Despite overtaking silver’s market value in March, the leading cryptocurrency must reach $84,740 per coin to match silver’s current $1.67 trillion valuation. Bitcoin Is Now in 9th Place Among the World’s Largest […] Original

Indian Election Result Sends Equity Market Crashing With Uncertain Implications for Crypto Legislation

While Modi’s Bharatiya Janata Party (BJP) and its allies are poised to return to power, they didn’t hit the supermajority mark of 370 plus seats in India’s 543-seat lower house of parliament, which they predicted. In fact, the BJP alone did not hit the halfway mark of 272, which it had comfortably crossed in the 2019 election. The result hands kingmaking power to his allies, and the opposition led by the Indian National Congress could attempt to lure them away. Source

DWF Labs to Buy $12M of Floki Tokens From Project’s Treasury, Open Market

Floki will release the mainnet version of its flagship utility product, the Valhalla metaverse game, later this year, the developer said. In the coming weeks, Floki will also release several key utility products, including the Floki trading bot and the .floki domain name service. DWF’s purchases will support the growth of these ventures and provide the requisite liquidity. Source

Bitcoin, Ethereum On Exchanges Drop To New Lows, What A Supply Squeeze Would Mean For The Market

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Recent data shows that the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges has dropped significantly. This means the largest crypto tokens by market cap could be well-primed for significant moves to the upside, with a supply squeeze imminent.  Supply Of Bitcoin And Ethereum Drop To New Lows BTC ECHO analyst Leon Waidmann shared Glassnode data, which showed that exchange balances for Bitcoin and Ethereum are at their lowest in years. Bitcoin’s supply on exchanges has dropped to 11.6%, while Ethereum’s supply has dropped to 10.6%. This suggests that…

BRETT memecoin hits $1b market cap

The memecoin, which debuted three months ago, now boasts a market capitalization of over $1 billion,  This meteoric rise is notable when compared to other popular memecoins. Dogecoin (DOGE), for example, took several years to achieve the same milestone. BRETT is an original character from the Boy’s Club series created by Matt Furie, who also created the famous cartoon that inspired the popular Pepe meme and the PEPE memecoin.   “This isn’t even the pregame warm-up. We are still in the pre game locker room for Brett,” said BRETT trader Crash.…