Markets

Crypto investors are going crazy for WienerAI, the AI-powered meme coin taking the market by storm. This token has raised over $9 million in its presale, and with just three days left before it hits exchanges, everyone’s rushing to get their hands on WienerAI (WAI) before it potentially explodes. Last Call for WienerAI as Countdown to Exchange Listings Begins Time’s running out for investors to snag WienerAI tokens before they hit the open market. With just three days left,...

Bitcoin (BTC) could be seeing less selling pressure from miners in the near term due to an increase in the profitability of this cohort of market participants and the recovery of their hashrate following the cryptocurrency’s rally to the $69,000 range. According to a CryptoQuant report, the Bitcoin network hashrate recovered while BTC had its latest rally. The metric’s drawdown from its all-time high is now 3%, compared to 8% on July 9. Bitcoin Network Hashrate Recovers On...

Ethereum’s price has been going through a frustrating consolidation period over the past few months following the price’s failure to break above the $4,000 resistance level. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has recently rebounded from the $2,800 mark and rallied toward the $3,500 resistance level. However, the latter has rejected the price to the downside. The market has also dropped below the 200-day moving average, located...

The economic uncertainty in the US pushed bitcoin’s price south hard in the past day or so, and the asset plunged to $60,500 for the first time in almost three weeks. The altcoins are in an even worse state, with SOL, TON, and UNI plummeting by over 5% in the past day. ETH has slipped below $3,000. BTC Sees 3-Week Low The start of the business week couldn’t have foreseen what transpired just several days later. The asset soared to $70,000 on Monday after Donald Trump’s...

TL;DR Adopting BTC as a legal tender in the US would enhance its legitimacy and attract substantial investment, potentially boosting the price. This move could lead to market volatility with sharp movements due to speculative buying and unpredictable investor reactions. What if the US Embrace BTC? The United States will soon have a new President, with the elections scheduled for November this year. Those going to the ballot boxes will have to pick from the Democratic nominee...

Coinbase reported a total revenue of $1.449 billion for the second quarter, surpassing the market consensus estimate of $1.396 billion. However, this figure represents an 11% decrease from the first quarter, partly attributed to falling consumer transaction revenues. Coinbase Q2 Revenue Drops 29% Coinbase’s Q2 consumer transaction revenues fell 29% to $665 million, down from $1.07 billion in Q1. However, stablecoin revenue increased to $240.4 million from $197.3 million. The...

The volatility in the cryptocurrency industry continues, with the leading digital asset plummeting from $65,600 to $62,300 for the second time in the past day or so. The main driver behind the latest price plunge could be attributed to the developments on US soil, as the jobs data was weaker than expected, and the stock market crashed. JUST IN: Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession. This is...

All eyes in the cryptocurrency community were on the Bitcoin Conference in Nashville last weekend as the former US president and current Republican candidate, Donald Trump, was expected to appear. Once he took the stage, the crypto markets went on a wild rollercoaster with tons of volatility due to some of his promises, such as to make the US the ‘digital asset capital of the world’ as well as to remove SEC Chair Gary Gensler from his post immediately after retaking the...

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