Markets

Bitcoin has become one of the top 10 assets in the world by market cap. This places it higher than Tesla, Visa, and Berkshire Hathaway stock. Crypto watchers might remember that a few years ago, Bitcoin was declared the top-performing asset of the 2010s, even beating out competitors like gold and stocks like Apple Inc (NASDAQ: AAPL). Now, it seems history is repeating itself, according to Infinite Market Cap, a platform that tracks the market capitalization of thousands of assets. As per...

TL;DR Shiba Inu (SHIB) saw a 10% price increase, influenced by the overall positive trend in the crypto market, with Bitcoin reaching $42,000. SHIB’s rally could be partly due to the success of Shibarium, its layer-2 blockchain solution, which recorded a dramatic increase in daily transactions, peaking at 7.84 million on December 3. The rise in SHIB’s value could also be attributed to its aggressive burning program, with a 1,000% increase in burn rate in a week leading to...

Reuters said the launch of the BTC and Ether trading services by Unibanco comes a few months after two of the country’s companies exited the crypto market.  Brazilian banking giant Itau Unibanco has joined the crypto bandwagon with the launch of digital asset trading services for customers as part of its investment platforms, Reuters reported Monday, citing an interview with the company’s digital asset head Guto Antunes. According to the report, the financial services company, standing as...

With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc (NASDAQ: MSTR) emerging as key beneficiaries in this unique correlation. In the past 24 hours, both COIN and MSTR stocks...

Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future. Binance, the world’s largest crypto exchange by trading volume, has announced the launch of Anchored Coins EUR (AEUR) stablecoin. According to the announcement, users may begin trading the new stablecoin on its platform today by 10:00 (UTC). For a start, however, only four trading pairs will be supported. They are AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR. As Binance...

Anticipation is building for the approval of a spot Bitcoin ETF in January 2024. If it happens, it could bring a significant influx of at least $12 billion to $14 billion into the BTC market, potentially driving up the price. A bold Bitcoin (BTC) price prediction by CEO Adam Back of blockchain technology company Blockstream has sparked both optimism and skepticism within the cryptocurrency community. Back believes BTC could exceed $100,000 per coin before its next halving event, but his...

Stellar lumen price is attempting a fresh increase from the $0.115 zone against the US Dollar. XLM price is now trading above $0.1200 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1218 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1240 resistance zone. Stellar lumen price is trading above $0.1200 against the US Dollar, like...

XRP price is attempting a recovery wave from the $0.590 zone against the US dollar. The price is now trading above $0.620 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.6150 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.650 resistance. XRP price is consolidating near $0.630 against the US Dollar, like Bitcoin. It must stay above the...

Crypto fundraising in November saw a significant uptick compared to the amounts raised in prior months. Bitcoin miners took the lead this time, accounting for 90% of the deals ahead of exchanges and payments projects. Research by market intelligence platform Messari found that Bitcoin miners Northern Data and Phoenix Group raised more than half of the total amount accumulated by the crypto venture capital market. Bitcoin Miners Lead in Crypto Funding For November During the...

Bitcoin spot exchange-traded fund fervor has gripped institutional investors, which are piling funds back into crypto assets.  Institutional-grade crypto asset funds saw their largest weekly inflows since late 2021 last week, according to fund manager CoinShares.  A new record of inflows of 346 million was recorded for the week, the highest total observed in the past 9 weeks of inflows, it revealed.  Moreover, the global head of cryptocurrency products at CME, Giovanni...