Solana (SOL), the fifth-largest altcoin by market cap, has extended its minimal gains. After a 2.67% spike in the last 24 hours, SOL hit the $148 mark. Despite struggling to $150, the altcoin signals a brief bullish rally for the day surpassing its previous resistance levels. The token opened the
August 20, 2024 2 mins read
Global investment giant Goldman Sachs Group, Inc. has lowered the probability of the U.S. entering a recession next year to 20% from its previous estimate of 25%. The firm has expressed increased confidence that the U.S. Federal Reserve will reduce interest rates by 25 basis points at its September policy
August 19, 2024 1 min read
The largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), continue to experience bearish fluctuations within the $58K and $60K level and ETH within the $2.6K level, respectively. Altcoins are witnessing a continuous decline, facing selling pressure and a lack of buying interest. Earlier, the altcoin market experienced a
August 19, 2024 3 mins read
The overall crypto market is briefly in the bullish array. Cryptocurrencies are returning from their lows and priced in green. Moreover, the fear and greed index stays at 44, suggesting a neutral sentiment in the market. In the past 24 hours, the global crypto market cap has witnessed a minute
August 17, 2024 3 mins read
Despite recent recovery efforts, the largest cryptocurrency, Bitcoin (BTC), seemingly extends losses in the market. Over the past 24 hours, the asset has struggled to clear the $60K level, and a low has formed near $57.5K. After a brief rebound, BTC is up by 1.42%, currently trading at $59,269, marking
August 17, 2024 2 mins read
As in the mid of August, Ethereum (ETH), has witnessed significant bearish momentum over the past weeks. This largest altcoin struggles to break through the oscillating price range and chooses to consolidate within $2,600-2,700. Last week on August 5, ETH declined to its seven-month low at the $2.1K range. Gradually,
August 16, 2024 2 mins read
Trump-themed memecoins have sharply declined following new poll results for the 2024 U.S. presidential race. The polls show Democratic nominee Kamala Harris leading Republican nominee Donald Trump by 10%, with her chances at 54% and his falling from 72% to 44%. Formerly, Trump had 64 percent of the vote against
August 16, 2024 2 mins read
The meme coin market is priced green, and several meme coins have briefly spiked from their recent lows. Among them, the dog-themed meme coin, Shiba Inu (SHIB), has seen a price recovery of 2.45% over the past 24 hours. On the other hand, SHIB’s burn rate has been displaying a
August 14, 2024 2 mins read
The launch of spot Bitcoin exchange-traded funds (ETFs) in the US has made waves in the crypto market and the global financial markets, sweeping the community’s attention since January. The total Bitcoin held by these U.S. ETFs is on the brink of surpassing Satoshi Nakamoto’s 1.1 million BTC cache. Bitcoin
August 14, 2024 2 mins read
Solana (SOL), the fifth-largest cryptocurrency by market cap, has extended its recent downward trend, failing to break out of the $150 zone. As bears are overpowering the feud, SOL dropped down to a brief bearish zone at $146. Notably, in the last 24 hours, after a 2.30% drop, SOL managed
August 13, 2024 2 mins read