Musk previously signaled he was ready and willing to serve if Donald Trump is elected president of the United States. Source: https://cointelegraph.com/news/elon-musk-cryptocurrency-doge-gov-meme-trump-political-speculation-soaring?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Is XRP price quietly setting up for a rally toward $1?
An inverse-head-and-shoulder pattern is developing on the XRP weekly chart, awaiting a breakout toward $1. Source: https://cointelegraph.com/news/is-xrp-price-setting-up-100-rally-toward-1?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
NFT Sales Slip 7.69% in Early September as Digital Collectible Market Adjusts
After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just over 1 million, which is a notable 36.93% drop from the previous week. September NFT Sales Struggle With […] Source: https://news.bitcoin.com/nft-sales-slip-7-69-in-early-september-as-digital-collectible-market-adjusts/
Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent […] Source: https://news.bitcoin.com/stablecoin-economy-expands-1-08b-in-2-weeks-despite-reductions-in-key-coins/
Roaring Kitty returns with cryptic X post, Solana-based CHEWY memecoin soars 28%
Despite the Chewy token’s near 30% rally, Gill’s cryptic post seems to suggest that he is dropping the Chewy company, not endorsing it. Source: https://cointelegraph.com/news/roaring-kitty-chewy-memecoin-surge-gamestop-speculation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Report Highlights Short-Term Bitcoin Holders Facing Heightened Unrealized Losses
A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term bitcoin (BTC) holders. As market pressure mounts, these investors experience heightened unrealized losses, suggesting they may drive future sell-side activity. Glassnode: Unrealized Losses Climb for Short-Term Bitcoin Investors According to Glassnode’s onchain analysis, short-term bitcoin (BTC) holders are currently […] Source: https://news.bitcoin.com/report-highlights-short-term-bitcoin-holders-facing-heightened-unrealized-losses/
Bitcoin Usually Suffers in September—But ‘Uptober’ Is Right Around the Corner
September has been historically a difficult month for U.S. stocks. And when it comes to the Bitcoin market, the so-called “September Effect” could be just as prevalent—and the performance of the price of BTC this first week lends credence to the theory. The Wall Street phenomenon has been well documented for nearly a century. Since 1929, the S&P 500 has…
FOMO HOUR 194 – ARE NFTS BACK?
FOMO HOUR 194 – ARE NFTS BACK? Crypto weak after continued ETF outflows. Durov breaks silence, TON bounces 3%. Telegram will start moderating private chats. Hayes & Brandt flip bearish on BTC. Coinbase shares hit 7 month lows. 90% of crypto firm applications rejected in UK. Japan’s 3 largest banks to trial stablecoins. Trump promises again to embrace crypto. INJ…
September Crypto Crash Wipes Out $170B, Bitcoin and Ethereum Take the Biggest Hit
Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week’s losses. These two heavyweights saw their combined market caps shrink the most, dragging the entire market down with them. Crypto’s […] Source: https://news.bitcoin.com/september-crypto-crash-wipes-out-170b-bitcoin-and-ethereum-take-the-biggest-hit/
El Salvador marks three years of Bitcoin adoption with $31M profit
Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit. Source: https://cointelegraph.com/news/el-salvador-bitcoin-three-years-anniversary?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound