Bitcoin Price Sees Dip: Is the Uptrend Still Safe?
Bitcoin price started a downside correction from the $64,750 resistance. BTC is still above the $62,500 support and might aim for a fresh increase. Bitcoin is consolidating gains below the $63,800 resistance zone. The price is trading below $63,500…
Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases
The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as…
Ethereum’s Futures Market Points To Potential Breakout—Here’s What You Need To Know
Ethereum, the second-largest cryptocurrency by market capitalization, is signaling a potential price recovery based on recent data from its perpetual futures market. According to a CryptoQuant analyst named Shayan, Ethereum’s futures market has…
BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan…
VanEck Predicts Solana Could Reach 50% Of Ethereum’s Market Cap, Targeting $330 Per SOL
Currently, Solana (SOL) is the fifth-largest cryptocurrency, with a market capitalization of approximately $71 billion. Following the recent decision by the US Federal Reserve to cut interest rates by 0.50% on September 18, the cryptocurrency…
3 reasons why Bitcoin (BTC) struggles to hold $64.5K
Bitcoin lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impacted investor sentiment.
Russian Expert Discusses End of Internet Anonymity With Passport-Based Access
A Russian digital services expert has predicted a future where passport-based identification for Internet access becomes the norm, citing a broader trend towards the de-anonymization of online spaces. His comments follow a move by Telegram to…
Lawmaker Introduces Defi Bill — Calls Decentralized Finance ‘Essential to Future of Markets’
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns…
Crypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5
As the altcoin season approaches, Cardano (ADA) is gaining momentum, having recorded more than a 14% increase in the past week, according to CoinMarketCap. Notably, a crypto analyst has identified a strong buy signal for ADA, suggesting that it…
Nigerian Currency Plunges After Central Bank Rate Hike
The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign…
Saudi Arabia Leads MENA in Crypto Growth for Second Year Running
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems…
Kamala Harris wants the US to be ‘dominant’ in blockchain
Democratic presidential nominee Kamala Harris made another public statement about digital assets during a Wednesday speech at the Economic Club of Pittsburgh.
Bitcoin Correlation With Gold Now At Highest Level Since March
Data shows Bitcoin has been becoming increasingly correlated with Gold, a potential sign that the digital Gold narrative is making a return. Bitcoin Correlation With Gold Has Risen To 0.75 Recently In a new post on X, the market intelligence…
Alby Releases Alby Go, A Mobile App For Self-Custodial Bitcoin Lightning Payments
Today, Alby announced the release of Alby Go, a mobile application available for iOS and Android that allows users to make self-custodial payments via their Lightning node."ALBY MOBILE WEN?" "guys, when will you release an…
Cryptocurrency and Stocks Show High Correlation Levels as Macroeconomics Start Driving Markets
A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic…
Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?
Bitcoin is firm at press time. According to CoinMarketCap data, the world’s most valuable coin is changing hands above $63,500, steady on the last day and up a decent 7% over the previous week of trading. Technically, the uptrend remains as…
Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged…
PayPal Enables Business Accounts to Buy, Hold, and Sell Bitcoin And Crypto
PayPal Holdings, Inc. (NASDAQ: PYPL) has enabled its U.S. business account holders to buy, hold, and sell cryptocurrency supported on its platform, such as Bitcoin, directly from their PayPal accounts. While this service is available nationwide, it…
Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors…
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"guys, when will you release an…