Bitcoin faces issues with liquidity despite an admirable comeback from six-month lows — can BTC price upside last? Source: https://cointelegraph.com/news/btc-price-58k-cme-gap-analysis-2-bitcoin-death-crosses?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report
The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s […] Source: https://news.bitcoin.com/bitcoin-faces-mid-cycle-wipeout-as-markets-plunge-glassnode-report/
Bitcoin Ordinals Bounce Back After Turbulent Start to the Month
Leading Bitcoin Ordinal projects have bounced back over the past 24 hours, after the global market experienced widespread sell-offs and recession fears at the start of the week. NodeMonkes, the largest Ordinals project by market cap, has increased its floor price by 34.2% over the past 24 hours to $7,600. Meanwhile, Bitcoin Puppets, the second largest project, has climbed 38%…
Bitstamp helps Stripe scale crypto purchases in the EU
Bitstamp entered a partnership to support Stripe’s crypto on-ramp solution in Europe a few months after Robinhood announced Bitstamp’s acquisition for $200 million. Source: https://cointelegraph.com/news/bitstamp-stripe-crypto-purchases-europe?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin could fall below $50K if Magnificent 7 stocks stage another $500 billion loss
Bitcoin could see more downward pressure if the top tech stocks in the US continue to shed value. Source: https://cointelegraph.com/news/bitcoin-fall-50k-magnificent-7-stocks-500-billion-loss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Group Urges Nigeria to End Naira Float, Reinstate Subsidies
The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said the Nigerian government should not determine the value of the naira. Instead, the group said the West African nation should opt […] Source: https://news.bitcoin.com/group-urges-nigeria-to-end-naira-float-reinstate-subsidies/
Diamond hands: Mt. Gox creditors HODL Bitcoin despite 10-year wait
Mt. Gox creditors defy expectations by holding onto their Bitcoin despite a decade-long wait to get their hands on it. Source: https://cointelegraph.com/news/mt-gox-creditors-hodl-bitcoin-btc-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Grayscale introduces Bittensor and Sui trust products
Grayscale has added the Bittensor protocol and the Sui network to its list of crypto investment products. Source: https://cointelegraph.com/news/grayscale-bittensor-sui-trust-products-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Why crypto stakeholders see bright future for prediction markets in Africa
The combination of technological advancements, cultural factors, and increasing financial diversification suggests that decentralized prediction markets could thrive on the continent. Source: https://cointelegraph.com/news/africa-prediction-markets-crypto-future?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinband: Driving Exponential Growth for Crypto and Web3 Projects
PRESS RELEASE. The crypto market today can be a bit of a rollercoaster ride. Prices can shoot up on one day, and take a deep dive on the next – all while new projects are popping up in their droves daily. With such a fast-moving environment, it’s not enough to have a groundbreaking idea. You […] Source: https://news.bitcoin.com/coinband-driving-exponential-growth-for-crypto-and-web3-projects/