Search Results for: crypto market

Tether USDT and USDC Mints Inject $1.35B Into Crypto Markets as DigiHorse (DIGI) Gains Traction Amid Rising Investor Activity

The cryptocurrency market is witnessing a significant influx of liquidity following the minting of $1 billion USDT by Tether Treasury. This minting event brings Tether’s total issuance to an impressive 23 billion USDT over the past year, marking a substantial increase in market liquidity and investor confidence. This fresh minting

August 16, 2024 2 mins read

XRP and Bitcoin (BTC) Plummet: Can NFT Powerhouse DigiHorse (DIGI) Revitalize the Crypto Market?

The cryptocurrency market is reeling from significant declines in major assets, with Bitcoin (BTC) and XRP experiencing notable losses, positioning the emerging project DigiHorse (DIGI) in a favorable light. Bitcoin (BTC) and XRP Price Crash Recently, Bitcoin’s price tanked by over 15% to $49,121, one of its lowest prices in

August 8, 2024 2 mins read

Grayscale Launches Aave Trust, Driving AAVE Price Above $140

Aave Secures $6M Revenue During Ongoing Crypto Market Sell-Off

On August 5, the decentralized finance (DeFi) protocol Aave showed notable strength amid a severe crypto market plunge. Aave generated $6 million in revenue from decentralized finance liquidations. This spike in revenue is a response to economic events, like the interest rate hike by the Bank of Japan and the

August 6, 2024 2 mins read

MicroStrategy's Michael Saylor Unveils Ambition for Largest Bitcoin Bank

Michael Saylor Backs Bitcoin Amid Fierce Crypto Market Turmoil

The price of Bitcoin recently crashed below $50,000 and widespread fear gripped the cryptocurrency industry. Chairman of MicroStrategy Michael Saylor has joined the crypto community in their cause, saying that he still holds onto his Bitcoins with Diamond hands. Michael Saylor recently tweeted on X and reiterated his intention to

August 6, 2024 1 min read

DeFi Liquidations Hit New Annual High Amid Crypto Market Sell-Off

According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been

August 6, 2024 1 min read

Crypto Market Update: Donald Trump Doubles Down On Bitcoin As BTC Price Targets $70K, RCOF Follows

The cryptocurrency market has experienced a significant surge in recent weeks, largely driven by influential endorsements and innovative developments in the crypto space. One of the most notable endorsements came from former US President Donald Trump, who, during the Bitcoin 2024 Conference in Nashville, made strong remarks in favor of

August 1, 2024 4 mins read

Broadening Stock Patterns: AI Backtests Achieve 61-82% Odds of Success

Can the Crypto Market Sustain Its Upward Momentum?

The crypto market is concisely in the bullish momentum over the past 24 hours, with major tokens charted in green. The brief rally might have triggered the occurrences of ETH ETFs and the presence of renowned political figures in the Bitcoin conference happening at Nashville. How will the coming week

July 26, 2024 2 mins read

Will BTC Options Expiry Trigger a Crypto Market Rebound?

The cryptocurrency market has experienced significant volatility since the beginning of July, with a recent downturn following a short-lived recovery. In the past week, several altcoins that had previously hit yearly lows managed to reach monthly highs, breaking through long-awaited resistance levels. Notably, Bitcoin (BTC) surged to a 27-day high

July 19, 2024 2 mins read

How is the Crypto Market Preparing for the Spot ETH ETF Launch?

The most anticipated US Spot Ethereum ETFs are expected to make their market debut on July 23. In preparation for the launch, issuers have filed their S-1 filings and made announcements on fees, custodians, and other facets of their respective products. The market has also seen several updates from the

July 18, 2024 2 mins read

Top Memecoins Fail to Surge High Amid the Crypto Market Recovery

The crypto market is briefly in the bullish sentiment. Alongside Bitcoin and Ethereum, altcoins recorded notable recovery gains in the last 24 hours. Despite demonstrating an uptrend, the price spikes in the memecoin market fall short of dominating. Will the sector’s uptrend pick a bullish pace? The Dune Analytics data

July 17, 2024 2 mins read