Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin Investors Hold Substantial Gains As Bitcoin trades in the $60,000 range, Glassnode noted a palpable fear […] Source: https://news.bitcoin.com/bitcoin-market-in-flux-glassnode-analysis-highlights-key-insights/
Month: July 2024
Coinbase cites Binance BNB token precedent in SEC petition
“Rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws,” attorneys wrote. Source: https://cointelegraph.com/news/coinbase-binance-bnb-precedent-sec-petition
Bitcoin Price Dips Below $61K Amid Bold $150K Prediction
Bitcoin price prediction remains a hot topic in the cryptocurrency world. Recently, Bitcoin’s value dipped below $61,000, causing concern among investors. Despite this downturn, some traders remain bullish, predicting that Bitcoin could reach $150,000 by the end of 2024. Current Bitcoin Price Trends Bitcoin (BTC) experienced a significant drop, falling below the $61,000 mark. This decline is part of a…
Robinhood to Launch Crypto Futures in U.S. and Europe
Robinhood Markets Inc. (NASDAQ:HOOD) is considering offering cryptocurrency futures in both the United States and Europe. This potential expansion was first reported by Bloomberg, citing anonymous sources familiar with the matter, as the plans have not yet been made public. Expanding Crypto Offerings According to these sources, once Robinhood completes its $200 million acquisition of Bitstamp Ltd. next year, the…
DeFi Tokens Plunge Amid Weak Crypto Price Action
DeFi tokens have experienced a significant plunge, dropping between 10-20% amid weak crypto price action this week. This downturn in decentralized finance (DeFi) tokens highlights the volatility and challenges within the broader cryptocurrency market. DeFi Tokens Face Steep Declines The DeFi sector, known for its decentralized financial products and services, has seen some of its prominent tokens suffer substantial losses.…
Crypto Industry Set to Boom, Outperforming the Internet
The crypto industry is experiencing a significant surge, with analysts predicting that it will soon outperform the early growth of the internet. This article explores the factors driving the crypto industry boom and its potential to reshape the financial landscape. The Rise of the Crypto Industry According to a recent report by Architect Partners, the crypto industry is on the…
Bitcoin Runes Aren’t Immune to Meme Coin Lull
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports It appears that the market for Bitcoin-based meme coins isn’t immune to headwinds rattling similar assets, as the prices of many top Runes tokens have fallen…
Trump-Biden Tussle Hits Polifi Sector, Boden Drops 95%
The Polifi sector has taken a significant hit as the political tussle between Trump and Biden intensifies. The sector, which once held promise, has seen a massive downturn, with Boden, one of its major players, dropping 95% from its peak. This article delves into the implications of this decline and explores the broader impact on the Polifi sector. The Decline…
Price analysis 7/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin price struggles to trade above $60,000, and the bullish setup displayed by altcoins is also beginning to crumble. Is the bull market coming to an end? Source: https://cointelegraph.com/news/price-analysis-7-3-btc-eth-bnb-sol-xrp-doge-ton-ada-avax-shib
Crypto ‘Trump Trade’ Pauses as Market Focus Shifts
President Joe Biden’s lackluster debate performance last week has enhanced the chances of Donald Trump, a pro-crypto candidate, making a return to the White House. Despite this political shift, the market’s attention has been captivated by other factors. Altcoins Struggle Amid Low Volatility Bitcoin (BTC-USD) and Ether (ETH-USD) have experienced low volatility, creating a challenging environment for altcoins that typically…