Markets

CoinspeakerUK Housing Market Faces 34% Drop in Demand amidst Economic Pressures The recent decision by the Bank of England (BoE) to increase interest rates has further compounded the issue of declining home sales in the UK. UK Housing Market Faces 34% Drop in Demand amidst Economic Pressures

CoinspeakerCircle Launches USDC in Chile, Set to Launch Stablecoin on Base Network Soon By integrating the USDC for users in Chile, Circle will be hoping to offer them the stability of the U.S. dollar while also creating diverse payment options for them. Circle Launches USDC in Chile, Set to Launch Stablecoin on Base Network Soon

CoinspeakerNasdaq Composite Soars Over 1% as Tech Stocks Rebound At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data. Nasdaq Composite Soars Over 1% as Tech Stocks Rebound

Solana price started a decent increase above the $20.80 resistance against the US Dollar. The price is now trading above $20.50 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $20.75 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $22.00 and $22.40 to continue higher in the near term. Solana price is trading above $21.00 against the US Dollar, similar to...

Bitcoin price started a recovery wave above the $26,500 resistance against the US Dollar. The price is now trading above $26,800 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $28,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $28,000 resistance zone. Bitcoin price is recovering above $26,500 against the US Dollar. BTC might extend its...

Though many doubted their odds, Grayscale has defeated the Securities and Exchange Commission (SEC) in court, bringing the U.S. market one step closer to approval of a Bitcoin spot ETF. Going into its lawsuit, certain legal and market experts saw Grayscale’s victory as quite likely: Here are just a few of them Why Grayscale’s Victory Was Assured Back in June, Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein afforded Grayscale a 70% chance of winning its lawsuit...

Leading cryptocurrency exchange OKX announced today the launch of its LBR Earn campaign following the recent LBR listing on the platform. As part of this initiative, OKX is set to have an airdrop with 15,000 LBR tokens up for grabs. To kickstart OKX’s LBR Earn campaign, the company announced a complimentary airdrop, allowing users to boost their LBR assets. The initiative provides attractive APY, zero charges, and access to exclusive deals. Users can participate in the...

Major cryptocurrencies had another weak showing yesterday, highlighted by a modest 0.3% increase in the global crypto market cap. Bitcoin once again fell below the $26K price mark, with experts predicting more downside in the coming days. Despite the growing liquidity concerns in the crypto market, Polkadot saw close to a 40% surge in its daily trading volume which resulted in the token bouncing by 3% in the past 24 hours. Widespread innovation and adoption are also helping...

Bitcoin, alongside the rest of the crypto market, shot up following the news that a US court has sided with Grayscale in its battle against the SEC. Naturally, this volatility brought massive pain for over-leveraged traders as the liquidated short positions skyrocketed to about $80 million within an hour. CryptoPotato reported Grayscale’s court victory earlier today, which essentially meant that the SEC is now obligated to review the asset manager’s request to turn its...

The Securities and Exchange Commission (SEC) sees crypto in a very negative light. However, according to many analysts, the financial agency stands alone in its views, and everything it considers differs heavily from the thoughts and ideas of the rest of the world. The SEC is Very Crypto Strict One of the big things the SEC believes is crypto exchanges are like securities exchanges, and they must be treated and regulated as such. Gary Gensler – the man in charge...