The trading day kicked off under the bearish cloud, drowning assets in a sea of red. Major coins, including Bitcoin and Ethereum, took a hit, dropping back to $93.4K and $2.4K respectively. Ripple’s XRP bore the brunt, sinking by over 21.27% in the past 24 hours. The market is showing
February 3, 2025 3 mins read
Coinbase Derivatives, the US-based cryptocurrency exchange subsidiary, is attempting to gain regulatory approval by filing documents with the Commodity Futures Trading Commission (CFTC). The assets include Solana (SOL) and Hedera (HBAR), with details of the new futures contracts. The filings imply that the exchange intends to extend the derivatives it
January 31, 2025 2 mins read
After a long stretch of bearish pressure, Bitcoin (BTC) bounced back to the $104K mark, while altcoins experienced a mixed bag of results. Among them, JasmyCoin (JASMY) stole the spotlight with a 24-hour jump of 25.37%. JASMY opened the day trading at a low of $0.02585 and has tested multiple
January 31, 2025 2 mins read
The world’s biggest stablecoin issuer, Tether, has announced that the USDT asset is now connected to Bitcoin both at its fundamental level and through the Lightning Network. The Taproot Assets protocol engages in this by leveraging Bitcoin’s Taproot improvement to be able to improve security and increase functionality. Moreover, the
January 31, 2025 2 mins read
The crypto asset’s sharp decline in the bear market has been followed by a modest rebound. Bitcoin has surged to $105K, while Ethereum wrestles with breaching the $3.4K barrier. Meanwhile, Litecoin (LTC) has posted a 14.14% daily surge in its market price. Some events aligned with the market recovery include
January 30, 2025 2 mins read
After a brief recovery from the bear trap, Bitcoin moved toward the $105K mark. However, the largest altcoin, Ethereum (ETH), seems reluctant to follow suit, pointing to a potential pullback. Ethereum price has battled to advance higher above $3.2K but failed and slipped back. ETH is now consolidating losses and
January 30, 2025 2 mins read
The U.S. Federal Reserve kept the interest rates unchanged on Wednesday, maintaining the benchmark lending rate within the range of 4.25% to 4.50%. Fed Chair Jerome Powell underlined that the policymakers are in no rush to lower rates. Besides, he stated that any adjustments would depend on further improvements in
January 30, 2025 1 min read
The cryptocurrency market is riding a rollercoaster, erasing recent gains. The largest asset, Bitcoin, has fallen back to $102K, while the altcoin Uniswap (UNI) rebelled against the trend with a 7.13% surge. In the early hours, the asset couldn’t climb up resulting in a fall to a low of $10.87.
January 29, 2025 2 mins read
With Bitcoin retreating to $102K, the broader crypto market has dipped, dragging most assets to their lows. However, Solana-based Dogwifhat (WIF) defied the trend with a 15% rally despite the downturn. Notably, the WIF has retested its crucial levels at $1.19 and $1.30. Nevertheless, the meme coin continues grappling to
January 29, 2025 2 mins read
South Dakota is up to introduce legislation that would establish a strategic Bitcoin reserve. It joins a growing movement among U.S. states looking to integrate cryptocurrency into their financial strategies. South Dakota State Representative Logan Manhart shared his plans to bring a bill to the state’s House. It’s likely aiming
January 29, 2025 2 mins read