Markets

According to Grayscale Research, Bitcoin might revisit its all-time high later this year if the U.S. economy avoids a recession. This optimistic outlook follows a period of stabilization in both crypto assets and broader financial markets, which had faced sharp declines from Friday, August 2, through Monday, August 5. Grayscale Predicts Bitcoin Rally In an August 8 research report, analysts at Grayscale expressed optimism about the U.S. economy’s ability to achieve a “soft...

Bitcoin’s price surged to $59,000, driven by significant strategic moves and geopolitical developments Russia’s legalization of cryptocurrency for trade and increased whale activity are key factors driving Bitcoin’s bullish trend. Bitcoin spiked from a bloodbath to greenish trading at around $59,580 as market participants awaited critical economic information that could impact the asset’s near-term trajectory. This is one of the reasons why Bitcoin’s future remains uncertain in the face of...

This Year’s Theme: “On the Move” Throughout history, people have left their homes for a variety of reasons and have found themselves in faraway places. This has led to encounters with foreign lands, their inhabitants, their customs, their flora and fauna. Cultural heritage collections are full of artifacts resulting from and bearing witness to those people “on the move”: archival records, travel reports, audiovisual documents, object collections, oral histories etc. These...

Bitcoin’s price rebounded back above $59,000 on Thursday, marking an 8% climb on the day in spite of broader macroeconomic fears. According to CoinGlass, over $189 million in trades have been liquidated across the crypto market in the past 24 hours, including $109 million in shorts. Bitcoin’s climb began at roughly 1:50 PM UTC, with Bitcoin surging from $57,000 to $59,815 over the next three hours. The leading digital asset is now up 8.45% on the day at $59,622, with its...

Brazil’s Securities and Exchange Commission (CVM) has approved the country’s first Solana-based exchange-traded fund (ETF). The approval, granted on August 7, positions Brazil ahead of other countries, particularly the United States, where the process of approving Solana ETFs remains in its early stages with uncertain prospects. Brazil’s Solana ETF Receives Preliminary Approval According to Exame, a local news outlet, the newly approved Solana ETF is currently in the...

Bitcoin briefly tumbled below $50,000 earlier this week as the market saw the sharpest correction since the FTX crisis. The subsequent recovery, though, pushed the asset’s price above $57,000. Despite the chaos in the broader market, bitcoin’s technical charts show a bullish flag, while on-chain data reveals rising buying pressure, reinforcing the bullish outlook. Strong Bullish Forecast According to the latest post by CryptoQuant, a promising bullish signal for BTC has...

[PRESS RELEASE – New York, United States, August 8th, 2024] Pawfury has proudly announced that it has surpassed the $5 million milestone in its presale phase, solidifying its position as a significant contender in the cryptocurrency sector. This achievement is particularly remarkable given the recent market volatility affecting major cryptocurrencies. Appeal and Innovative Token Model This accomplishment not only underscores Pawfury’s potential appeal but also marks a pivotal...

XRP has decoupled from the broader crypto market, outperforming all top assets in terms of daily gains. While the rest of the market struggles, XRP experienced a sharp price increase of nearly 20% in the past day, reaching $0.64 on Thursday before slightly retracing to $0.61. As a result of the continued uptrend, XRP has managed to post an impressive 42% in monthly gains. This bullish trend is backed by a certain group of whale wallets that have accumulated a significant...

Following the Securities and Exchange Commission’s (SEC) approval, Spot Ethereum ETFs officially began trading on July 24, 2024. This futuristic cryptocurrency development made headlines in Q1 as multiple investors eagerly awaited its launch. The entire market has experienced an upturn since these Spot Ethereum ETFs received approval from the SEC. According to analysts, ETFSwap (ETFS), Bonk (BONK), and Dogwifhat (WIF) gain big as crypto ETFs gain mass adoption.  ETFSwap (ETFS) Positions...

The crypto market is about to get a whole lot smarter. 99Bitcoins, the OG of crypto education since 2013, has just launched its new 99Bitcoins Token (99BTC) on Uniswap. With its Learn-to-Earn model set to go live soon, the creators are flipping the script on blockchain knowledge. 99Bitcoins Token Makes Its Mark with Successful Uniswap Launch 99Bitcoins Token is having a big day. The token launched on Uniswap earlier this morning, marking its debut on the open market. And...