Markets

With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high. In a historic surge, the Dow Jones Industrial Average set a new record by closing above 37,000 points for the first time. The Federal Reserve’s indication of multiple rate cuts in the coming year was the major catalyst behind the move. The 30-stock Dow soared by 512.30 points, or 1.40%, finishing at 37,090.24, surpassing its...

Cardano’s DeFi total-value-locked crosses a significant $450 million with its native stablecoin Djed contributing a significant portion. Smaller protocols like LendFi and Spectrum Finance recorded an impressive 90% surge in TVL. Cardano’s native cryptocurrency ADA has registered massive gains shooting over 15% soon after the FOMC meeting concluded on Wednesday. As of press time, the Cardano (ADA) price is trading 13.85% up at $0.6495 with a market cap of $22.9 billion. The recent price...

EOS price is eyeing a fresh increase from the $0.720 support against the US Dollar. The price is now trading near $0.780 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.790 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to rise if it clears the $0.790 and $0.800 resistance levels. EOS price is recovering above $0.720 against the US Dollar, like Bitcoin. The...

Litecoin is holding the key support at $70.00 against the US Dollar. LTC price is now trading below $75.00 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $74.50 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $74.50 and $75.00 resistance levels. Litecoin price is recovering from the $70.00 zone against the US Dollar, like Bitcoin....

The crypto bear market is officially over, and Bitcoin (BTC) will pump “significantly higher” over the next 18 to 24 months, according to popular trading analyst and Reflexivity Research co-founder Will Clemente. In a thread posted to X on Wednesday, the trader highlighted various on-chain signals that crypto inflows are coming back, and BTC is due for a rebound. Bitcoin’s Comeback One bullish signal lies in Bitcoin’s “realized market cap” – the total value of all BTC in...

Coinbase and Coinbase Asset Management have introduced “Project Diamond,” a platform powered by smart contracts. This new system aims to enable institutions by facilitating the seamless creation, administration, purchase, and sale of various digitally native assets directly on the blockchain. “Project Diamond” According to the official announcement, Coinbase Asset Management has specified that the initial application of Project Diamond will be restricted to registered...

Since the beginning of the month, leading asset management firm Ark Invest has been on a selling spree for the stock of the largest American cryptocurrency exchange, Coinbase (COIN). Barely two weeks into December, the investment manager has sold more than $119 million worth of COIN. While Ark has been offloading the shares at several intervals over the past months, it doubled down on the sales after the stock surged alongside bitcoin (BTC) to a 19-month high. How Much COIN...

After a powerful rally, Bitcoin appears to have hit a degree of near-term exhaustion. The uptrend encountered resistance this week, breaking to a new yearly peak of $44.5k before sustaining the third sharpest selling-off of 2023. On-chain data suggest that short-term holders (STH) are to blame for pausing the climb. Bitcoin Short-Term Holders Capitalize on Soaring Prices This month, the Bitcoin market took a full cycle, starting at $40.2k, surging to a fresh annual peak of...

As the crypto market braces for the Federal Reserve’s decision, traders are showing caution, evidenced by a 40% drop in trading volume over the last 24 hours. Bitcoin (BTC), the world’s leading cryptocurrency, finds itself in a period of consolidation around the $41,000 price mark, as traders eagerly await the Federal Reserve‘s interest rate decision, scheduled for today. Bitcoin’s Price Movement Bitcoin’s recent journey in the market has been characterized by volatility, with the price...

Coinbase Global Inc. is expanding its services by introducing spot crypto trading on its international exchange as part of a global expansion strategy to cater to users with reservations about U.S.-based platforms. Although Coinbase’s stock has experienced substantial growth this year, currently valued at approximately $140 per share, it is still a long way from its peak at over $300 in 2021. Coinbase International Expands Offerings Institutional investors now have the...