Markets

TL;DR Bitcoin’s price briefly dropped below $54,000, triggering a market-wide correction, but increased interest in buying BTC suggests some view this as a “buy the dip” opportunity. Metrics like the Relative Strength Index (RSI) and the Fear and Greed Index indicate the asset is oversold and in fear territory, which might be interpreted as a potential signal for a rebound. A Buying Opportunity? Bitcoin (BTC) saw its price plunge by over 5% on July 5, sinking below the...

Politics is becoming a temporary sector in crypto as pro-election meme coins look to be making a rave in the crypto space. The upcoming US presidential elections will boost coins like MAGA and BODEN, but especially the ETFSswap (ETFS). ETFSwap (ETFS) Provides Quality Value  The ETFSwap (ETFS) trading platform pioneers the tokenization of ETFs and real-world assets and allows investors to own and trade tokenized assets backed by genuine real-world securities purchased from traditional...

What a week it’s been… The cryptocurrency markets ultimately took a turn for the worse, but they haven’t been without their moments. The bottom line is that the total capitalization lost a whopping $200 billion, which is more or less 10% in the past seven days alone. This came on the back of considerable losses from Bitcoin, but especially from the altcoins. In fact, the BTC dominance – a metric that gauges its share relative to that of the rest of the market – is up by about...

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The cryptocurrency market has always been a playground for big investors, commonly known as whales, who wield significant influence over market trends. Recently, a notable Solana (SOL) whale made headlines by purchasing a substantial amount of Mpeppe (MPEPE) at $0.0007. This move highlights the growing interest in Mpeppe (MPEPE) and its potential to offer substantial returns. Solana’s (SOL) Strong Foundation Solana (SOL) has established itself as one of the leading blockchain...

Taurus SA (“Taurus”) is pleased to announce that Zand Bank PJSC (“Zand”), has selected Taurus as a strategic partner covering all aspects of its digital asset infrastructure: custody, tokenization, and blockchain connectivity. Taurus, the global leader in digital asset technology for banks, has signed a strategic partnership with Zand, the UAE’s first digital bank. Under this agreement Zand will leverage Taurus’ market-leading integrated custody and tokenization solutions to expand its...

The US spot Bitcoin ETFs experienced a net outflow of $20.45 million on Wednesday. Interestingly, only two of them showed activity amid market uncertainty. Grayscale’s GBTC saw a $26.99 million exit, while Fidelity’s FBTC gained $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s BITB, and VanEck’s HODL, reported no flows. US Bitcoin ETFs’ Market Momentum Wanes According to data compiled by SoSoValue, trading volume for these 11 funds reached around...

Polymarket, the decentralized prediction market, has been going strong as the 2024 US Presidential election nears. With its bets representing how a significant portion feels about the unwinding election process, many feel Biden will drop out after a lackluster performance in his debate against Trump and now a New York Times article. The “Biden drops out of presidential race?” had 80% odds on Wednesday that the president of the US will drop out from the elections. It had already risen to 55%...

[PRESS RELEASE – Singapore, Singapore, July 4th, 2024] Pandiana, a Solana meme infused play-to-earn gaming has launched it’s much anticipated presale for $PNDA tokens, this announcement comes right after the team announced the raise of $500,000 in a pre-seed raise. The $PNDA token presale is set to begin today 4th of July 2024, marking a significant opportunity for Solana cryptocurrency enthusiasts and investors to become part of an innovative and engaging gaming ecosystem. A...

Seychelles-based derivatives exchange, BitMEX has announced the launch of the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. The latest offering is designed to provide traders with an opportunity to gain exposure to the top meme coins in the market through a single contract. BitMEX’s MEMEMEXTUSDT Dubbed the “S&P500 for crypto meme coins,” this new offering will allow traders to speculate on the overall performance of popular OG meme coins such as Dogecoin (DOGE) and...