The cryptocurrency market, much to the delight of the investors, turned bullish last week. Leading cryptocurrencies recovered from their downward trajectory, sustaining over the previous fortnight. Meanwhile, the crypto community also rejoiced at a pro-crypto statement from the US Democrats’ candidate, Kamala Harris. However, in the last 24 hours, Bitcoin
Polymarket, a blockchain-based prediction market, is reportedly in discussions to secure over $50 million in new funding, as reported by The Information. The platform is also exploring the possibility of launching a dedicated token, which could enhance its betting market functionality. If successful, this token is anticipated to be a
The sale of 200 ETH by the Ethereum Foundation on Monday has roused investor fears throughout the world. Market observers are scratching their heads since the crypto is riding out negative waves in the industry as a whole. And on-chain data has shown that the selloff occurred via two transactions.
The crypto world is seeing some interesting moves lately. Ethereum’s price has dropped amid talks of potential rate cuts by the Fed, sparking conversations about the future of decentralized finance (DeFi). Meanwhile, Monero (XMR) is also riding a wave of uncertainty despite strong technical indicators, slipping by 0.39% recently. Amidst
Over the last week, the cryptocurrency market has shifted towards a bullish trend, with the global market cap rising by 10.29%. Among the beneficiaries of this rally is NEAR Protocol (NEAR), a leading layer-one blockchain that has recorded a notable 23% increase in its price in the past week. The
Digital asset investment products experienced net inflows of $321 million for the second consecutive week, according to CoinShares. The surge was largely attributed to the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points (bps), which was viewed as a dovish move by the market. Total assets
Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), is pushing for tighter control over the country’s cryptocurrency sector. ASIC Commissioner Alan Kirkland has revealed that crypto firms, not just exchanges, may soon be required to obtain licenses under the Corporations Act. This move is intended to offer better
XRP recently outperformed many cryptocurrencies but is currently trading at $0.5861, reflecting a 1.63% decrease. The 24-hour trading volume stands at $940 million, a 14.94% drop, while the market capitalization is approximately $33 billion, down 1.67%. Ripple CEO Brad Garlinghouse, recently addressed a concerning incident involving the Supreme Court of
Baby Doge Coin (BabyDoge) has seen a notable rise, jumping over 22.96% in the last 24 hours, reaching a peak of $0.000000002201 from a low of $0.00000000179. This surge comes as the overall cryptocurrency market turns bullish, with Bitcoin (BTC) trading at around $64,000. One of the main reasons behind
Seychelles, Victoria, 23rd September 2024, Chainwire
