Markets

Solana’s network activity has surged significantly and the current drop in the SOL price could be short-lived leading to a trend reversal soon. Amid strong sell-off in the broader cryptocurrency market, Ethereum Layer-1 competitor Solana is also facing some selling pressure. In the last 24 hours, the Solana (SOL) price has tanked by over 3% slipping under $70. SOL is trading nearly 10% down from its 2023 peak attained last week, however, it still maintains 13% gains on the weekly charts....

This week, the decision from the Fed regarding interest rates and inflation statements for November will be released. These are both expected to trigger market volatility. As the year wraps up, Bloomberg is predicting that several key events this week will lead to increased stock market volatility. The first of these is the decision by the Fed on interest rates. Ever since the record increases in interest rates back in March 2022, market watchers have been even more on edge regarding...

Traders are on edge, eagerly watching the Federal Reserve meeting for clues about prospective interest rate changes. Amid eventful financial dynamics, US Treasury yields edged higher earlier today, while the crypto market, specifically Bitcoin (BTC), is experiencing a downturn with the coin’s price plummeting to $42,000. The simultaneous rise in Treasury yields and the drop in Bitcoin’s price prompts discussions about the relationship between traditional and crypto markets. Historically,...

Currently valued at $8.6 billion after its £590 million ($624 million) investment round last year, SumUp stands strong in private markets with no immediate plans for an initial public offering. London-based financial services company SumUp has secured £285 million worth approximately $307 million in its latest funding round to expand its business offerings to other parts of the world outside the United Kingdom. The company has already established its presence in other financial markets...

The partnership between Coinbase and Conio is indicative of a larger trend in Europe that sees traditional banks and other financial institutions accepting cryptocurrencies more and more. The well-known US cryptocurrency exchange Coinbase and Conio, an Italian cryptocurrency wallet provider partly owned by two large Italian companies, have formed a new alliance. This partnership aims to make a variety of digital assets more easily accessible to banks and other financial institutions across...

MetaMask has collaborated with some local payment providers spread across Africa, Asia, and South America. In line with its ambitions to establish its presence around the world, crypto wallet MetaMask has announced a series of new partnerships. The announcement hints at a focus on emerging markets as MetaMask joins hands with local payment providers spread across Africa, Asia, and South America. According to the firm, it has struck a strategic partnership with six different countries...

Stellar lumen price is gaining pace below the $0.132 support zone against the US Dollar. XLM price is now trading just above $0.125 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1245 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the $0.1245 support zone in the near term. Stellar lumen price is trading below $0.1350 against the US Dollar, like Bitcoin. XLM price could...

XRP price started a fresh decline below the $0.650 zone against the US dollar. The price is now trading below $0.640 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.660 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.612 support zone. XRP price is struggling below $0.640 against the US Dollar, unlike Bitcoin. The price could decline...

According to research by Bybit, institutional traders have expressed a significant bullish sentiment towards Bitcoin, mixed sentiments regarding Ether, and a general air of skepticism towards altcoins. From December 2022 to September 2023, the study provides an insightful look into trading behaviors and asset allocation amidst significant market fluctuations. Institutional Traders Favor BTC, Moving Away from Alts The study reveals a significant shift in the institutional...

Charles Hoskinson, the founder of Cardano has argued that it is more decentralized than Bitcoin. Meanwhile, whales have been dabbling in the meme coin market for quite a while now. As a result, there has been high whale activity for Shiba Inu, BONK, and even a new meme coin. >> Visit Meme Mogul Presale << Will Shiba Inu (SHIB) Break the December Curse? For the previous three years, Shiba Inu (SHIB) has been unable to conclude December on a positive note. The...