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Search Results for: crypto market

What’s Next for Bitcoin Price After German and Mt. Gox Moves?

The largest cryptocurrency, Bitcoin, has been the community’s prime focus in the past two months, due to its price activity. With external factors taking a toll on Bitcoin, prices showed significant plunges and volatility. The drop in BTC price led to a considerable crypto market crash at the beginning of

July 17, 2024 2 mins read

Tether Treasury Injects 246M USDT into Cumberland After 2-Month Pause

The global cryptocurrency market continues to showcase strong activity, with institutional investments and significant transactions involving Tether’s stablecoin, USDT. Cumberland, a prominent player in the crypto space, has injected substantial funds into major exchanges, signifying renewed market momentum. According to Lookonchain, over the past 40 hours, Cumberland has received a

July 17, 2024 2 mins read

Ripple (XRP) Signals Recovery as Optimism Grows Pre-SEC Settlement

While the global crypto market turns positive, Ripple’s XRP has firm signs of resurgence, bolstered by improving market sentiment and anticipation surrounding upcoming SEC developments.  The XRP market sentiment has notably turned positive, buoyed by expectations surrounding an upcoming SEC settlement discussion scheduled for July 18th. Speculation is rife that

July 16, 2024 2 mins read

Will Solana’s (SOL) $170 Breakout Trigger a Short Sell-off?

While the global crypto market turns green for the week with Bitcoin (BTC) climbing to $63,000, the leading altcoin Solana (SOL) breaches the $160 zone after five weeks of consolidation. This positive trend is fueling optimism among investors and analysts alike. According to on-chain analyst @ali_charts, if Solana’s price reaches

July 16, 2024 2 mins read

TRON USDT Issuance Surpass $60B Amidst Tether Legal Troubles

In a notable development, Justin Sun, founder of TRON, announced a significant milestone as TRON’s issuance of USDT surpassed $60 billion, marking a milestone in the blockchain’s history. Sun highlighted TRON as the first blockchain to host a single stablecoin exceeding this threshold, underscoring its growing influence. The issuance of

July 16, 2024 1 min read

Spot Ethereum ETFs to Launch Next Tuesday Ending Excruciating Waits

The crypto market welcomed the update that spot Ethereum ETFs will be launched next week on July 23. Several sources including Reuters have confirmed that the SEC might allow trading of the ETFs next Tuesday. This recent update has caused a positive price rally in Ethereum as it regains its

July 16, 2024 2 mins read

Fed Chair Jerome Powell Hints Rate Cuts Despite Inflation Above 2% Target

The Federal Reserve will likely not wait for the inflation to fall below 2% before decreasing interest rates, according to Federal Reserve Chair Jerome Powell. Although it is still higher than the Federal Reserve’s 2% objective, recent data from the US Labor Department reveals that inflation is dropping to 3%.

July 16, 2024 2 mins read

BlackRock CEO Larry Fink Endorses Bitcoin Amid Economic Uncertainty

In light of the current economic uncertainty in many countries, BlackRock CEO Larry Fink has gushed over Bitcoin (BTC) as an investment opportunity. A further bright spot in the global market, according to the CEO, is expansion in the private sector. After trading below $60,000, the crypto market recovered, and

July 15, 2024 2 mins read
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