[ad_1] A widely followed economist believes that the outcome of this November’s US presidential election could have significant ramifications for the crypto market. In a new interview on the Unchained Podcast YouTube channel, economist Alex Krüger says that altcoins will likely fare better if former US president and Republican nominee Donald Trump prevails. However, if the Democratic nominee and current Vice President Kamala Harris wins, he says Bitcoin (BTC) would likely be the best market performer. “If the Democrats win, you want to do Bitcoin. And if Republicans win, it should be a bet on the Solana ETF (exchange-traded fund)…
Author: dfrancis36
[ad_1] After a record-breaking 2021, one of Europe’s oldest cryptocurrency exchanges experienced two consecutive years of significant unprofitability. The British branch of Luxembourg-based Bitstamp recently published its 2023 results, showing a revenue decline to just under €8 million and a net loss of €19.7 million.Bitstamp Limited, registered in the UK, emphasized in its report published this week in Companies House that the 70% year-over-year revenue drop from €29 million was “mainly driven by unfavorable market conditions and the reduction in trading volumes.”In 2021, the exchange achieved a record profit of €37 million, responding to Bitcoin Bitcoin While some may still…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] IREN (NASDAQ: IREN) just became yet another publicly-listed Bitcoin (BTC) miner from Wall Street, which significantly increased its revenue over the last year, benefiting from higher cryptocurrency prices. According to the results for the fiscal year ended June 30, 2024, revenues grew by 145%, and the number of mined BTC increased by 30%.IREN Reduces Net Loss by Sixfold in 2024The company reported record Bitcoin mining revenue of $184.1 million, up from $75.5 million in the previous fiscal year. This substantial increase was driven by growth in operating hashrate and higher Bitcoin prices. IREN mined 4,191 Bitcoin during the year,…
[ad_1] The Ethereum price has been on a seesaw motion in the past few weeks, oscillating between the $2,500 and $2,750 zone. The altcoin struggled to make a mark in the past week, as its value fell to as low as $2,400 at some point. While the price performance of the Ether token has been uninspiring in recent months, an analyst has put forward an argument to support the position that the second-largest cryptocurrency might still be in a bullish trend. Here’s Why The ETH Price Never Stopped Being Bullish In a Quicktake post on the CryptoQuant platform, an analyst…
[ad_1] They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling…
[ad_1] Cryptocurrency analyst and trader Jason Pizzino is offering his opinion on the likely trajectory of altcoins over the coming months. Pizzino tells his 332,000 YouTube subscribers that he is expecting an “altcoin bounce” in this year’s fourth quarter during or after the November 5th US presidential election. Pizzino says the percentage of Tether (USDT) stablecoin’s market cap relative to other cryptocurrencies may have topped out and is likely to fall even further, indicating that market participants are using their stablecoins to accumulate crypto assets. He shares an inverse chart of USDT Dominance (USDT.D) and appears to predict that it…
[ad_1] Uniswap (UNI) has made a promising rebound to the $5.5 mark, sparking renewed optimism among investors and traders. With fresh momentum building, all eyes are on whether UNI can capitalize on this upward shift and push toward the next resistance level at $6.7. As anticipation grows, the battle between buyers and sellers will determine if this rebound marks the start of a stronger rally or if the resistance ahead will prove too challenging. This article aims to analyze UNI’s recent rebound to the $5.5 mark and assess whether the current bullish momentum can drive the price higher. By examining…
[ad_1] In August 2024, the crypto ecosystem has experienced its least monthly losses of the year. However, this development which can be quite encouraging for potential investors is accompanied by increasing year-to-date (YTD) losses which indicate the nascent industry may record more losses to bad actors in 2024 than in the previous year. August Sees Lowest Crypto Losses For 2024 According to blockchain security firm Immunefi, the digital asset industry recorded in August its lowest monthly losses of the year with only $15.1 million to hacks and fraud. This development indicates a significant 38% decrease from August 2033 which experienced…
[ad_1] Largely followed crypto analyst Altcoin Sherpa believes that one red-hot memecoin has more room to run to the upside despite astronomical gains so far this year. The pseudonymous trader tells his 221,900 followers on the social media platform X that Solana (SOL)-based meme token Popcat (POPCAT) could remain in an uptrend after bouncing off a key level at around $0.64. “POPCAT still looks pretty strong for now, great S/R (support/resistance) retest. If it guns for the highs again, this will be the leading category for memes and also CAT beta.” Source: Altcoin Sherpa/X Popcat is trading for $0.59 at…