Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in […] Source CryptoX Portal
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Triple-A: Argentina and Brazil in the Top Ten Of Countries With Most Cryptocurrency Ownership
Argentina and Brazil are part of the top ten countries with the most crypto ownership, according to a recent report issued by Triple-A, a provider of digital currency white-label payment solutions. Argentina took the fourth place in the list, with 18.9% of its population holding cryptocurrency, while Brazil appears in sixth place with 17.5%. Argentina […] Source
Europe’s Top Derivatives Exchange Targets $400B Ethereum Market with New Instruments
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Bitcoin vs. Today’s Top Crypto Assets: Market Performance in 2024
Current market data indicates that bitcoin has increased by 48% against the U.S. dollar since Jan. 1, 2024. This implies that on that date, one tether (USDT) was exchanged for 0.00002368 BTC, whereas today, it’s valued at just 0.00001596 BTC. Concurrently, in addition to bitcoin’s rise against the dollar, its competitors like ETH, SOL, and […] Original
SATS enjoys 63% surge among top cryptocurrencies
SATS (Ordinals), the native token of the Satoshi Network, has emerged as the top performer among the top 200 cryptocurrencies this week, with its value soaring by over 63% in the past seven days. The cryptocurrency — built on the Bitcoin blockchain — is currently priced at $0.000000198. It boasts a market capitalization of $415.8 million and a 24-hour trading volume of $56.8 million. Despite an 8% decrease in the past 24 hours, SATS has also experienced a 3,999% increase over the past year. Bullish sentiment The Relative Strength Index…
Is $73,000 The Top For Bitcoin? Analyst Identifies Where BTC Is In This Cycle
In March, Bitcoin hit an all-time high above $73,000, sparking debates amongst market watchers and analysts about whether the cryptocurrency has hit its top this cycle. However, a crypto analyst has provided an in-depth analysis of Bitcoin’s recent price movements and future outlook, suggesting that the pioneer cryptocurrency still has substantial upside momentum ahead. Analyst Says Bitcoin Has Reached Second Early Cycle Top On July 11, a crypto analyst identified as ‘CryptoCon,’ took to X (formerly Twitter) to share insights into Bitcoin’s price movements based on the Relative Strength Index…
Big Buyers Fueling Rally On Top Crypto Exchanges
Driven by a mix of positive elements, Solana (SOL) is seeing a spike in trading activity. This covers big buy orders, institutional investors’ savvy purchasing approach, and the expected release of SOL-based exchange-traded funds (ETFs). Related Reading Whales Consolidate SOL discretely Trading data shows a notable increase in trading volume among key exchanges including Binance, Coinbase, Gate.io, and OKX. However, a more in-depth analysis by Coinact.gg, which is a real-time trading research programme, indicates a pattern that is very intriguing: a “Major TWAP” signal for SOL. Major TWAP Detection alert…
Bitcoin Forms Double Top Pattern On 4-Hour Chart, Analyst Reveals Targets
The Bitcoin recovery has not been as impactful as expected, failing to break $60,000 even after a return of bullish momentum. Given this, expectations of a bearish reversal have become the norm as analysts do not believe that the pioneer cryptocurrency has enough steam to sustain the current momentum. One of the analysts who believe the price is destined for a downturn is Finn Oakes, who predicts a return to the $53,000 territory. Bitcoin Forms Double Top Pattern In the analysis that was shared on the TradingView website, crypto analyst…
Top Crypto VC Polychain Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company
Polychain was founded by Olaf Carlson-Wee, the first employee of crypto exchange Coinbase, and is one of the largest and best-known crypto venture firms, with more than $11 billion in assets under management. Pant was a general partner there from 2017 to 2023, tasked with steering the firm’s venture money into promising crypto startups. Source
Expert Reveals 7 Top Solana Meme Coins To Watch Amid ETF Approval Hopes
Solana-based meme coins have emerged as notable contenders in the crypto market, outperforming the largest cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in recent months. With coins like Bonk Inu (BONK) soaring nearly 7,000% year-to-date, the potential approval of Solana ETFs filed by asset managers VanEck and 21Shares in the United States, is seen as a potential catalyst for these tokens, according to market expert Leshka. In a recent analysis, Leshka explained that Solana memes have become the dominant narrative of this market cycle, raising expectations for their potential…