Markets

TL;DR BTC vs. XRP Purpose and Performance: While Bitcoin (BTC) was designed as a decentralized payment system and is now seen as a protection against global inflation, Ripple’s XRP is a tool for cross-border payments. 2024 Predictions and Factors: Key regulatory developments, like Bitcoin ETF filings and Ripple’s ongoing case with the US Securities and Exchange Commission set for April 2024, could significantly influence the price trajectories of both BTC and XRP. Other...

The top 10 centralized crypto exchanges (CEXs) recorded a spot trading volume of $1.12 trillion in Q3 2023, indicating a significant plunge from the Q2 total of $1.42 trillion. According to the CoinGecko 2023 Q3 Crypto Industry Report, the third quarter spot trading volume for the top 10 CEXs represented a 20.1% decrease from Q2. Analysts called the quarter a turbulent one for crypto exchanges. CEX Spot Trading Volume Plunged in Q3 Among the top CEXs, Binance – the world’s...

As different jurisdictions gear up for regulations on the digital asset sector, DeFi remains a tricky subject. The International Organization of Securities Commissions (IOSCO) had recently weighed in on the matter and recommended that governments should identify the “Responsible Person” behind ostensibly decentralized finance applications and subject them to regulatory oversight similar to conventional financial market participants. Prominent blockchain software company –...

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...