After one bitcoin’s most volatile and impressive weeks, the cryptocurrency market has turned its attention to important US macro news to be announced in the next five days. The analysts at the Kobeissi Letter highlighted several such events scheduled next, but three stand out for the crypto industry: the July PCE inflation report, revised second-quarter […]
Crypto investors may be underestimating where the industry is heading, according to Bitwise Chief Investment Officer Matt Hougan, who has pointed to three mistakes he sees in the market right now. In a recent post, Hougan said that investors are using today’s market size, established brands, and current activity to judge crypto’s future. Those are […]
Ethereum’s explosive breakout has shifted the broader structure decisively in favor of buyers, but the rally has now encountered a major resistance zone. With ETH pulling back after reaching roughly $2.55K, the market appears to be entering a corrective phase following the highly impulsive advance. ETH Price Analysis: The Daily Chart On the daily timeframe, […]
The cryptocurrency market received a massive push over the past several days, with bitcoin gaining $15,000 in less than 48 hours, while the altcoins followed suit with big gains. Many meme coins did the same, including Official Trump (TRUMP) – one of the tokens linked to the First Family. However, as it has happened numerous […]
This week, Binance founder Changpeng Zhao (CZ) finally revealed why he chose to face US prosecutors during his AML violation case despite holding UAE citizenship that could have kept him from the grasp of US law enforcement. His account offered a rare explanation of his thinking before a four-month prison sentence and the end of […]
Franklin Templeton is preparing to put tokenized assets inside its conventional mutual funds and ETFs, Bloomberg reported on Thursday, eight days after SEC staff cleared the firm to hold its $721 million blockchain-based money market fund in those portfolios. Franklin characterizes relief as the first US regulatory clearance for digitally native products inside conventional funds. “It is […]
Bitcoin’s price suddenly dipped to $75,500 after it failed to remain above $77,000 during the weekend. Most altcoins have followed suit, including the largest ones, which performed a lot better on Friday and Saturday. This volatility, untypical for the weekend, came amid reports that one of the most prominent market makers, Wintermute, had gone short […]
Coinkite, the company behind Coldcard, has shipped a firmware update that will not generate a new wallet seed until the owner supplies randomness by hand. That means at least 50 dice rolls, 128 coin flips, or 65 timed key presses, three weeks after a defect in its random number generator opened customer funds to attackers. […]
The cryptocurrency markets have the tendency to change the overall sentiment and narrative in very short periods of time. Although some might have forgotten about this quality due to the prolonged sluggishness over the past several months, what transpired in just 48-72 hours reminded us of the market’s real nature. Bitcoin’s price stood still below […]
The cryptocurrency market is on the move again, but this time the altcoins have taken the spotlight. Ripple’s XRP has reemerged from the $1.00 support and skyrocketed past $1.65 for the first time in many, many months, surpassing BNB on the way. Meanwhile, bitcoin has rebounded from the dip to $76,200 and sits well above […]