David Bailey, a Bitcoin adviser to President Donald Trump, says a Bitcoin bear market is years away because big institutions like banks and corporations are jumping into crypto. He believes Bitcoin has barely tapped its potential, with only a tiny fraction of its possible market reached. But some analysts aren’t
Bitcoin took a hit on Sunday, dropping nearly 2.2% in just nine minutes, from $114,666 to $112,174, wiping out $45 billion in market value. Crypto people on X are pointing fingers at a big Bitcoin holder, or whale, who sold off a huge chunk of Bitcoin to buy Ethereum, causing
Japan’s big financial player, SBI Group, is teaming up with Chainlink to bring new crypto tools to banks, starting in Japan and spreading to other parts of Asia Pacific. The partnership will start in Japan and later expand across the Asia Pacific region. Announced on Sunday, the partnership will focus
LayerZero Stargate, a blockchain messaging protocol, has won a $110 million deal to buy Stargate, a cross chain platform it created in 2022. The Stargate community voted on Sunday, with 95% approving the deal after LayerZero tweaked its offer following complaints it wasn’t fair. Three other companies, Wormhole, Axelar, and
As hours pass by, the bearish grip tightens, and the crypto tokens dip into the red. With the Fear and Greed Index holding at 50, the overall sentiment is neutral in the market. The assets are losing momentum, including Bitcoin and Ethereum. Meanwhile, the altcoin, SUI, slips by over 4.24%.
Pudgy Penguins (PENGU) is undergoing intense bearish pressure on the daily technical chart, and the meme coin has been experiencing a build-up of selling pressure that has led to an 11% decline in the past 24 hours as per CoinMarketCap data. The token is trading at $0.03188, and it has
With the neutral sentiment, the crypto market cap has fallen by over 2.78% to $3.87 trillion. Several assets have lit up the red candlesticks, diving to their recent lows. The largest assets like Bitcoin (BTC) and Ethereum (ETH) have chosen to trade on the downside at around $111.6K and $4.6K.
The tokenized real-world asset market has gained unparalleled traction, with the market size of the tokenized real-world asset market reaching $26.5 billion, and seeking to tap into the huge $400 trillion market of traditional finance. The researchers at Animoca Brands point out the outstanding growth potential as institutional adoption is
As August is closing, the crypto market is riding the rollercoaster, encountering a series of ups and downs. The market cap has briefly shed 0.92%, reaching $3.95 trillion in the last 24 hours. The majority of the assets are charted in red, with Bitcoin, the largest asset, trading at $113.3K.
XRP just made it into the top 100 assets in the world, landing at number 99 with a market cap of a little over $180 billion. It’s a big deal since the coin broke past the $3 mark, which has people excited. There are some solid reasons to think XRP’s
