The financial commentator has downplayed the severity of the crash

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As of late July, the State of Michigan Retirement System had about $6.6 million invested in bitcoin, the most well-known form of cryptocurrency, said …

Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.

TL;DR The percentage of Bitcoin holders in profit has dropped from 93% at the end of July to the current 75%, coinciding with Bitcoin’s price falling below $50,000. The last time the percentage of BTC addresses in profit was at similar levels was in January, when the price hit a low of $39,000 before rising […]

Last month saw Cardano through a small relief period after undergoing a two-week bounce off a key low level. However, it later encountered resistance and slowly resumed bearish momentum daily. ADA’s market structure has continued to turn bearish on a daily scale due to a lot of deductions in the past few days. Things have […]

Bitcoin (BTC), the leading cryptocurrency and a staple in digital asset investment, has recently encountered a significant downturn in its price. This decline has been exacerbated by geopolitical developments, particularly Iran’s growing influence on the global stage. As investors reevaluate their positions in light of these changes, Bitcoin (BTC)’s volatility raises questions about its future […]

Crypto investment firm Galaxy Digital is issuing a warning, saying that Bitcoin (BTC) layer-2s are in danger of potentially losing their funds. In a new research post, the crypto firm says Bitcoin’s blocks – or files where information is stored and encrypted – are crowded due to excessive demand. According to Galaxy Digital, BTC layer-2 […]

Analyst Benjamin Cowen is warning that altcoins could correct even further based on historic precedence. In a new video, Cowen tells the 804,000 subscribers of his YouTube channel that the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins, may be repeating a similar 2019 pattern. […]

Trump has proposed Bitcoin as a tool for mitigating the US national debt, which is above US$35 trillion The former president warned that if the US does not get at the forefront of digital asset innovation, China and other countries will. Overall, Bitcoin is a key subject at the top brass of the political administration, […]

The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock markets and top cryptocurrencies like bitcoin and ethereum plunging by double-digit figures. Some experts cite the disappointing U.S. jobs data and Mt Gox-related selling as factors contributing to the decline. Nikkei Posts Worst Single-Day Loss In […]

There’s still hope for XRP

The price of Bitcoin plunged below $50,000 on Monday, reaching lows not seen in over six months amid a widespread global market sell-off. BREAKING: #Bitcoin falls below $50,000 pic.twitter.com/11og9GoSyi — Bitcoin Magazine (@BitcoinMagazine) August 5, 2024 Bitcoin dropped as much as 20% to around $49,000 before rebounding slightly to trade above $50,000 again. The steep […]

A group of Compound DAO members called the “Golden Boys” won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.

The meme coin craze is showing signs of losing steam. DogWifHat (WIF) and Floki (FLOKI), two of the biggest meme coins, have seen their prices crash as the broader crypto market turns bearish. However, not all hope is lost – with one analyst pointing to Base Dawgz (DAWGZ) as a potential alternative to WIF and […]

Bitcoin (BTC) miner Argo Blockchain, publicly traded on Wall Street and the London Stock Exchange (LSE), has presented today (Monday) its latest report on cryptocurrency production for July. The result of 48 mined BTC is over 60% worse than last year’s figures but shows a slight improvement compared to recent months. Much Less Bitcoin for […]

Investors added $3.08 billion to crypto-focused exchange-traded products during the past month and $21.2 billion in the past year, according to …

A popular Bitcoin analyst has suggested a key breakout point for Bitcoin amidst a bearish market price action. While Bitcoin’s price has been experiencing a downward trend, dynamics and movements over the past few months have established several significant price levels. These levels might offer traders valuable insights into Bitcoin’s potential future actions. The $65,000 […]

A veteran trader who accurately predicted the May 2021 crypto collapse says that Bitcoin (BTC) is setting up for a solid end-of-year performance. Pseudonymous trader Dave the Wave shares a chart with his 145,000 followers on the social media platform, suggesting that Bitcoin is trading within a range between $54,000 and $74,000. However, the trader’s […]

Demand for XRP is bouncing back on digital asset exchanges, according to crypto analytics firm Kaiko. After a long, drawn-out lawsuit with the U.S. Securities and Exchange Commission (SEC) that ultimately ended in the ruling that XRP sold on exchanges does not constitute a security, Kaiko says demand for XRP is back. “Since last year’s […]

TL;DR Bitcoin ETF trading volume surpassed $1 billion on August 5. The drop in Bitcoin and Ether prices led to extremely high trading activity. Massive sales of Ether by funds such as Jump Trading contributed to market volatility. On August 5, 2024, Bitcoin exchange-traded funds (ETFs) recorded a trading volume of over $1 billion in […]

Litecoin saw a notable 10% weekly drop in the latest dip and lost a key level. While the trend looks highly bearish on the daily chart, it has seen a slight increase in the past hour. Last week was a bit calm for Litecoin as it stayed in a consolidation phase after undergoing a slight […]

99Bitcoins is making its move into tokens – but time is running out. They’ve already pulled in over $2.6 million through the presale for their new 99Bitcoins Token (99BTC). And with a Learn-to-Earn model set to debut, things could be about to get even better. 99Bitcoins Token’s Presale Deadline Looms – Last Chance to Buy […]

Musk claims he was misled about the ChatGPT creator’s true purpose.

Morgan Stanley has thrown its hat into the crypto ETF ring, with the financial institution offering access to two spot Bitcoin funds. Financial advisors operating under Morgan Stanley’s banner can sell BlackRock’s IBIT or Fidelity’s FBTC to wealthy clients. Only those with net worths of over US $1.5m can add the spot ETFs to their […]

Shiba Inu’s price has been under selling pressure, falling for seven days in row

If you weren’t there in person, it would be hard to accurately describe how long and winding the line was to see Donald Trump speak at the Bitcoin conference. The wait to even pass through security and find a seat in the auditorium was hours long and thousands of folks were scrambling to find seats […]

A closely followed crypto strategist thinks altcoins are about to witness a market meltdown against Bitcoin (BTC). Analyst Benjamin Cowen tells his 839,200 followers on the social media platform X that altcoin holders are about to experience pain as he believes the crypto market is closely following in the footsteps of the 2019 cycle. In […]

Xapo Bank, a Gibraltar-licensed digital banking for crypto, has expanded its operations into the United Kingdom. It has become the first licensed bank in the country to offer a combined interest-bearing USD and Bitcoin (BTC) account. This move comes as the UK positions itself as a potential leader in crypto and blockchain technology, with recent […]

… cryptocurrency exchanges. The IBAN Crypto Ramp is designed to integrate seamlessly with existing banking platforms, making cryptocurrency …

Bitcoin (BTC) has long been the cornerstone of the cryptocurrency market, celebrated for its pioneering role in the digital asset space. As the first cryptocurrency, Bitcoin (BTC) has established itself as a store of value and a hedge against economic uncertainty. Historically, BTC has demonstrated significant volatility, with notable price surges and dips that have […]

Ethereum investment products experienced net outflows of $146 million globally last week, largely due to $169.4 million in outflows from US spot Ethereum ETFs. This figure masks $430 million in net inflows into new Ethereum ETFs, overshadowed by $603 million in outflows from Grayscale’s ETHE fund. Additionally, there were minor outflows observed in European ETPs, […]