Crypto traders appear to agree that today’s market rout is far from over. Source: https://cointelegraph.com/news/the-bitcoin-bottom-is-not-in-btc-traders-set-price-targets-in-low-40k-range?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Solana Plummets 30% as AltCoins Lead Crypto Market Downturn
Solana, Altcoins, and Memecoins Experience Sharp Declines The cryptocurrency market is in turmoil, with altcoins facing severe losses. Over the past week, Solana (SOL-USD), Chainlink (LINK-USD), and Uniswap (UNI-USD) have all dropped 30%, according to CoinGecko data. Memecoins have also been hit hard, with Dogecoin (DOGE-USD) down 27% and Pepe (PEPE-USD) plummeting 39%. Crypto Liquidations and ETF Outflows In the…
Swan Bitcoin cancels conference amid staff reduction, mining shutdown
According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July. Source: https://cointelegraph.com/news/swan-bitcoin-cancels-crypto-conference?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Falls Below $50K; Crypto Liquidations Reach $1B
Bitcoin (BTC-USD) briefly fell below $50,000 on Monday for the first time since February, marking a significant drop of nearly 30% from the $70,000 price level reached a week ago. The cryptocurrency later rebounded, trading above $54,000 early Monday afternoon. This sharp decline comes as fears surrounding the U.S. economy have extended the market sell-off from equities to cryptocurrencies, resulting…
Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show
The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FOIA requests by journalist Jason Leopold show that, even though it was considered outrageous by some, it was seriously […] Source: https://news.bitcoin.com/feasibility-of-trillion-dollar-platinum-coin-discussed-by-us-government-foia-documents-show/
Fed Must Make Emergency Rate Cut to Avoid US Turmoil, Says Top Economist
Amid an avalanche of sinking markets and poor economic data, a prominent economist is urging the U.S. central bank to start cutting interest rates at a pace far faster than markets expect. Jeremy Siegel, professor emeritus of finance at Wharton School of Business, said on Monday that the Fed funds rate should already be between 3.5% and 4%—1.5% below its…
US government transfers 300 ETH — Arkham Intelligence
The 300 Ethereum coins were transferred from a wallet identified as “Noman Seleem Seized Funds” by the onchain analytics firm. Source: https://cointelegraph.com/news/us-government-transfers-300-eth-arkham-intelligence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto market’s ‘perfect storm’ can lead to further massive capitulation
A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm? Source: https://cointelegraph.com/news/crypto-market-perfect-storm-further-massive-capitulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
What Is a Carry Trade and What Does It Have to Do With the Bitcoin Crash?
When it comes to the global market selloff battering Bitcoin’s price on Monday, a focus has emerged on whether traders that borrowed the Japanese yen are this rout’s culprit. The yen’s value has strengthened 10% against the U.S. dollar within the past month, according to TradingView data. Meanwhile, the price of Bitcoin has fallen 20% in the past week, dipping…
TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With 20,000 Attendees And Over 500 Side Events
PRESS RELEASE. SINGAPORE — 5th August, 2024 — TOKEN2049, the world’s largest crypto event, announced its first batch of headline speakers and prominent title sponsors ahead of its eagerly anticipated return to Singapore. TOKEN2049 will take place from 18-19 September 2024 at Marina Bay Sands, ahead of the Formula 1 Singapore Grand Prix 2024 race […] Source: https://news.bitcoin.com/token2049-singapore-set-to-be-worlds-largest-web3-event-with-20000-attendees-and-over-500-side-events/