A new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation. Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This […] Source: https://news.bitcoin.com/study-98-of-2024-nft-drops-are-dead-only-0-2-have-generated-profits-for-investors/
Bitcoin continues to set new records, and it shows no signs of slowing, according to analysts Decrypt previously spoke to. While the world’s largest crypto broke above $89,500 on Monday, crypto-related stocks are also in for the ride—namely America’s largest crypto exchange, Coinbase. The San Francisco-based company’s shares (COIN: NASDAQ) closed Monday’s trading session at $334.24, Google Finance data shows. …
Binance has added two new Solana meme tokens—The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) to its growing list of meme coins. Shiny New Meme Coins for Traders on Binance The bull market is here and exchange listings are coming in thick and fast. Binance latest foray into the meme coin ecosystem saw it […] Source: https://news.bitcoin.com/binance-lists-two-new-solana-meme-coins-the-ai-prophecy-and-peanut-the-squirrel/
With Bitcoin surpassing all-time highs by the hour, even noted Bitcoin skeptic Peter Schiff is trying to get in on the action by selling his Ordinals collection. On Sunday, the financial commentator and radio host said on X (formerly Twitter) that the Peter Schiff Ordinals collection, also known as the Golden Triumph Ordinals Set, would go up for sale on…
Donald Trump’s election victory and promised crypto-friendly policies could accelerate digital asset adoption in Latin America, where stablecoins and Bitcoin already serve as inflation shields and remittance channels for millions, experts say. Regional exchanges are reporting a spike in crypto activity as the President-elect’s pro-Bitcoin stance resonates in inflation-hit economies. The president-elect’s pledge to establish a national Bitcoin reserve and…
A market rally for crypto and stocks shows potential benefits for significant economic gains under Trump’s presidency. Pro-Crypto Policies to Deliver Huge Benefits to US Economy Markets have continued to react to Trump’s re-election with bitcoin hitting an all-time high on Tuesday. In addition, a Quartz study revealed that following Trump’s victory, shares of JPMorgan […] Source: https://news.bitcoin.com/jpmorgan-excited-at-the-possibilities-for-bitcoin-and-crypto-after-trump-victory/
MicroStrategy’s stock price jumped nearly 26% on Monday, hitting a new all-time high mark above $351 after the world’s largest corporate treasury reserve holder of Bitcoin unveiled its latest acquisition. MSTR finished the day at a price of $340, but has climbed as high as $354 in after-hours trading, per Google Finance. Padding its corporate coffers by over 27,200 BTC,…
Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without administrative interference. However, the official did not give a timeline for when the central bank intends to implement this policy. Since […] Source: https://news.bitcoin.com/zimbabwe-plans-to-float-rapidly-depreciating-gold-backed-currency/
Bitcoin is on a roll—again. The biggest digital coin was soaring by the time traditional markets opened Monday morning. By midday New York time, it had already broken record after record. Now, Bitcoin’s price has already popped above $88,000 per coin, according to CoinGecko, after having shot up 10% in the past 24 hours. Over a seven-day period, the asset…
On Nov. 11, 2022, then-FTX CEO Sam Bankman-Fried resigned, handing the company’s reins over to John Ray, who immediately filed for Chapter 11 bankruptcy protection in the United States. The day marked the beginning of the end of what was once one of the world’s most prominent and influential cryptocurrency exchanges. US authorities charged Bankman-Fried and four of his associates…
