Are the recent liquidations and falling prices setting the stage for a longer crypto winter, or could this be the breather before another bull run? Crypto market stumbles as year-end draws near As the year winds down, the crypto market seems to be taking a pause after a prolonged bullish run, with the global market cap shedding more than 6% to settle around $3.47 trillion as of Dec. 20. Bitcoin (BTC) has slipped below the crucial $100,000 mark, trading at $96,680 as of this writing — a drop of nearly…
Tag: Markets
Bitcoin’s Dramatic Fall: $95K Low Sends Shockwaves Through Crypto Markets
Bitcoin (BTC) took a nosedive on Thursday, hitting an intraday low of $95,578 per coin, slipping more than 7% against the U.S. dollar in just one day. The whole crypto scene has shed over 11% in value, dragged down by BTC’s massive plummet. Crypto Market Carnage It was not a stellar day for bitcoin (BTC), […] Original
US-Russia Bitcoin Reserve Race Could Drive Altcoin Markets to Record Highs: Key Tokens to Watch
Este artículo también está disponible en español. A leaked proposal to Russian finance minister, Anton Siluanov on the creation of a bitcoin strategic reserve in Russia, is adding to speculation about an imminent Bitcoin Space Race between the two global superpowers. This, after President-elect Donald Trump pledged to establish his own Strategic Bitcoin Reserve in the US, even suggesting part of the US debt “could be “paid off” with Bitcoin. The leaked proposal hints Russia has its own reasons for getting into crypto: “In conditions of limited access to traditional…
FBS Explores the Rise of Altcoins in 2024 Cryptocurrency Markets
FBS, a leading global broker, highlights the resurgence of alt-season, a phase in the cryptocurrency market characterized by the growing prominence of altcoins. The 2024 alt-season reflects evolving trends in blockchain innovation, with projects like Fetch.ai integrating AI into decentralized applications and Layer 2 solutions like Arbitrum enhancing scalability. Additionally, meme coins such as Dogecoin continue with community engagement, further diversifying the market landscape. FBS analysts attribute this alt-season to technological advancements, regulatory clarity, and the anticipation of Bitcoin ETFs, which are broadening the appeal of cryptocurrencies. Altcoins aim not…
Dogecoin Markets Ignite: Elon Musk’s ‘Dogefather’ Memes Spark FOMO Frenzy
Dogecoin (DOGE) keeps climbing on Dec. 7, 2024, as technical data from its 1-hour, 4-hour, and daily charts point to persistent bullish energy. Adding to the buzz, interest has spiked thanks to DOGE-related posts shared by Elon Musk on X. Dogecoin The 1-hour chart highlights a robust uptrend for dogecoin (DOGE), with the price rebounding […] Source CryptoX Portal
Rising Exchange Inflows Hint at Market’s Next Big Move
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…
VTIS 2024: Unlocking the Gateway to Emerging Tech Markets
PRESS RELEASE. VTIS 2024, co-hosted by FPT Corporation and SSI Securities Corporation, is Vietnam’s premier tech summit. It is set to illuminate how innovations like Artificial Intelligence (AI), blockchain, big data, and virtual reality are reshaping industries-healthcare, education, retail, finance, and more. A recent Forrester report estimates the global technology market has surpassed $1 trillion, […] Source CryptoX Portal
Ether ETFs Gain While Bitcoin ETFs Take a $438M Punch – Crypto Markets Reel
The 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced a challenging Monday, with outflows reaching $438.38 million during the day’s trading. Bitcoin ETFs Bleed $438M in a Single Day as Crypto Prices Plunge. As the crypto market faced a general downturn and bitcoin (BTC) prices dipped, the 12 ETFs kicked off the week on a […] Original
From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets
In the past week, the crypto market has been buzzing with action, with bitcoin smashing its way to a new all-time high of $99,800 per coin on Thursday. Data reveals an intriguing dynamic during this period: while the Coinbase premium climbed, South Korea experienced a discount in BTC prices, reflecting a unique local discount. U.S. […] Original
Venture Capitalist Cites Funding, Talent for Web3 Development Surge in Emerging Markets
A venture capitalist says emerging markets, particularly India, are becoming hubs for Web3 development due to attractive funding, talent, and ecosystems. India: Go-to Place for Recruiting Web3 Companies According to Tak Lee, CEO of Hashed Emergent, the declining share of Web3 development activity in North America and Europe is being offset by a surge in […] Source CryptoX Portal