Markets

In a recent study conducted by Coinbase, a paradigm shift has emerged among the young American population. An impressive 38% of younger Americans now believe crypto and blockchain technology can provide significant economic opportunities not commonly found in the traditional finance sector. Interestingly, this stands in stark contrast to older generations, where approximately 26% share the same belief in the potential of blockchain technology. Younger Generations Attraction...

Following the farming period, Binance is all set to list MEME on November 3, 2023, at 08:00 (UTC). Binance, one of the world’s leading crypto exchanges, is excited to announce Memecoin (MEME) as its 39th project on Binance Launchpool. MEME is the native ecosystem token of Memeland, a Web3 venture studio created by 9GAG, the globally popular meme platform.  Memecoin on Binance Launchpool Starting today, Binance users will have the opportunity to stake their Binance Coin (BNB), TUSD...

Ever since the conflict, or war, between Israel and Hamas started a couple of weeks ago, two assets have been showcasing notable price increases – bitcoin and gold. As such, we decided to ask the AI chatbot which one of the two will continue its positive movements and perform better as long as the conflict rages on. Gold Vs. Bitcoin During a War Geopolitical tension is always taking its toll on financial markets, just like what happened last year when Russia launched its...

Bitcoin’s price has expanded considerably throughout the past week, charting an increase of around 15%. We take a look at some of the important technical levels and whether or not the rally has any future potential. By Shayan Recently, Bitcoin made a decisive breakout above the crucial 100 and 200-day moving averages and surpassed its yearly high at $32K, reinstating bullish sentiment in the market. Currently, Bitcoin faces a significant resistance region, suggesting the...

TL;DR Bitcoin’s Recent Surge: A 15% price increase over a week, linked to a Bitcoin ETF ticker by BlackRock appearing on a key website, boosting market sentiment. Spot Bitcoin ETF Significance: It is seen as a potential catalyst for a bull run. ChatGPT’s Outlook: For a $1 million Bitcoin price by 2024, multiple factors, especially the 2024 Bitcoin halving, could drive such growth. Bitcoin’s price has been the subject of massive debates throughout the years, especially when...

Bitcoin’s price slipped under the $34,000 level but the bulls managed to intercept the move and the asset stands just north of it as of now. Several altcoins have outperformed the largest cryptocurrency, including Chainlink, Aptos, and Cardano. BTC Back Above $34K Bitcoin is at the end of one of its most favorable and positive trading weeks in a long time. It all began on Monday when BTC finally reclaimed decisively the $30,000 level. By the end of the day and on Tuesday...

October witnessed significant advancements in the industry owing to the launch of six ETH Futures ETFs, offering investors a chance to delve into Ether futures. Bitcoin responded positively to the developments. Further gains were fueled by speculations about BlackRock’s application approval of a spot BTC ETF in the United States. As a result, the total assets under management (AUM) for digital asset products surged by 6.74%, reaching $31.7 billion in October. This represented...

The market is seemingly starting to wake up, and enthusiasm is as high as it’s ever been this year. The industry added another $140 billion to its capitalization throughout the last seven days on the back of considerable gains across the board. Starting off with Bitcoin’s price, it’s up a whopping 14.3% in the past week, currently trading at around $34,000 at the time of this writing. Last weekend was relatively slow, but it all changed on Tuesday when the price exploded...

Last week, the Wall Street Journal inaccurately reported that Hamas and affiliated terror groups had received tens of millions of dollars in cryptocurrency, which was allegedly being used to support the ongoing conflict in the Middle East. However, blockchain analytics firms, such as Chainalysis and Elliptic, have contradicted this claim, suggesting that the actual funding amount was more likely in the range of a few thousand dollars. Despite these clarifications, the Wall...

Following the announcement of the transition, MATIC experienced a 4% drop in its price, resulting in a reduced market capitalization of $5.8 billion.  Polygon, a renowned blockchain scaling platform, reaches a pivotal moment in its evolution with the initiation of the POL token upgrade on the Ethereum mainnet. Months of meticulous development, community involvement, and a successful testnet launch have led to this remarkable milestone, solidifying Polygon’s commitment to building the Value...