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Why the $172B Stablecoin Market Could Send Crypto Prices Higher
15.10.2024
The stablecoin market isn’t unlike Berkshire Hathaway’s enormous cash stash – it’s sitting there ready to be deployed, according to CoinMarketCap’s Alice Liu
Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential
15.10.2024
Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes...
Is Bitcoin’s Uptober beginning, or will today’s BTC rally end with more of the same?
14.10.2024
Bitcoin rallied to $66,300 today, but definitive proof of a structural trend change remains in question.
Bitcoin Rises as China Stimulus and Multiple Bullish News Fuel Crypto Gains
14.10.2024
China’s unclear fiscal stimulus measures have fueled a surge in bitcoin, pushing the cryptocurrency to a two-week high and sparking speculation that investors may shift to cryptocurrencies over Chinese equities. The uncertainty surrounding the scale of China’s economic efforts...
Ethereum Technical Analysis: Bullish Breakout Needed to Reverse Bearish Trend
14.10.2024
As of Oct. 14, 2024, ethereum’s price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with...
Bitcoin Technical Analysis: Bulls Poised for Breakout as Price Hovers Near $65K
14.10.2024
As of Oct. 14, 2024, bitcoin (BTC) is trading at $64,905, with its 24-hour range spanning from $62,059 to $64,915. The leading cryptocurrency’s market capitalization sits at $1.28 trillion, while 24-hour trading volume has reached $29.38 billion. Current market data suggests bitcoin is in...
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
14.10.2024
Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold sold out in early October. The trend reflects growing demand for gold as a hedge against inflation and economic...
Bored Ape Sells for $1.43M Amid 8.78% NFT Market Decline This Week
13.10.2024
NFT sales experienced a dip this week, dropping 8.78% compared to the previous seven days. Total sales amounted to $77.46 million, with a sharp decrease in both buyers (down 64.47%) and sellers (down 66.40%). Bitcoin NFTs Surge 29.36% as Overall NFT Sales Dropped Over the past week, the digital...
Peter Brandt Warns of Potential 75% Bitcoin Decline if All-Time High Stays Out of Reach
12.10.2024
Peter Brandt, a well-known trader and chartist, has warned bitcoin investors about troubling market patterns. He highlighted that BTC has gone 30 weeks without a new all-time high, historically leading to severe declines of up to 75%. While Brandt remains optimistic, forecasting a bitcoin price...
3 key metrics point to ‘up only season’ in altcoins — Analysts
11.10.2024
The crypto market is recovering from this week’s brutal sell-off, and analysts say 3 key metrics suggest an altcoin season could be on the way
CPI data to drive 'favorable impact' on Bitcoin prices — 21Shares
10.10.2024
Consumer prices in the US rose by 2.4% in September, above market expectations but still in a negative trend compared to the past few years
UBS Maintains Optimism in Markets Amid Middle East Uncertainty
10.10.2024
Global investment bank UBS remains optimistic about market prospects despite escalating geopolitical tensions in the Middle East. While fighting between Israel and Hezbollah and missile attacks from Iran have caused concern, oil prices are stable, gold remains near record highs, and U.S. recession...
Xbox’s 'Seasonal Savings' Sale Slashes Prices On Some Huge Titles And Overlooked Gems
9.10.2024
Fall’s a great season for picking up some games you’ve been meaning to get around to. Luckily, as the holidays start to close in, publishers and storefronts begin heavily discounting huge chunks of their respective catalogs to help in that department. These sales often come in waves, and it’s...
JPMorgan Analysts Predict Bitcoin Gains in Q4 as ‘Uptober’ Trend Takes Hold
8.10.2024
JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being...
Silver Miners Unlikely to Meet Demand Even if Prices Keep Increasing
7.10.2024
The silver market is facing a multi-year deficit product of the extraction dynamics and the increase in the metal’s demand. Even with today’s high prices, silver production is unlikely to increase in the short or medium term given the high extraction costs and the time needed...
Ethereum Technical Analysis: Oscillators and Moving Averages Hint at Bearish Trend
7.10.2024
As of Oct. 7, 2024, ethereum is trading between $2,467 and $2,473, with its market capitalization standing at $297 billion. Over the past 24 hours, its price has moved within a range of $2,416 to $2,510, accompanied by a trading volume of $12.87 billion. The 1-hour, 4-hour, and daily charts...
This Week’s NFT Sales See 10% Growth After Difficult September
5.10.2024
Following a slow period for non-fungible token (NFT) sales in September, the past week has shown a 10.07% rise in revenue compared to the previous week. According to data from cryptoslam.io, the total NFT sales reached $85.8 million, with Ethereum contributing $27.75 million. NFT Market Sees $85.8M...
Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says
5.10.2024
A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower...
Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip
5.10.2024
Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC’s price and the U.S. presidential race. Former President...
JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum
4.10.2024
Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail...