[ad_1] Solana (SOL), currently positioned as the fifth largest cryptocurrency by market capitalization, is mirroring Bitcoin’s (BTC) recent pattern of recovery, exhibiting a positive trajectory over the past couple of weeks. Friday’s recent price spike comes on the heels of positive macroeconomic developments from the US Federal Reserve (Fed), which have had a positive impact on the broader cryptocurrency market. 7% Weekly Uptick Amid Economic News In the last 24-hour window, SOL has surged by nearly 4%, showcasing a 7% uptick over the past week. This rebound comes after SOL plummeted to the $110 mark on August 5, marked by…
Author: dfrancis36
[ad_1] Cardano has gotten a lot of bullish predictions lately, especially in relation to the much-anticipated Chang upgrade. The upgrade is one of the most important upgrades for the network in a while, and this has triggered a wave of optimism among supporters. Amid this, another bullish prediction has been presented by crypto analyst Alan Santana, who predicts a significant rally for the altcoin’s price that would send it to new all-time high prices. Where Cardano Is In This Cycle In the last three years, the Cardano price has seen various waves of bullish and bearish cycles, and unfortunately, the…
[ad_1] Anthony Scaramucci, Founder and Managing Partner at Skybridge Capital, a global investment firm, has asserted that Bitcoin (BTC) is not a reliable store of value. Known for his support for BTC and candid financial analyses, Scaramucci has provided a reason for this belief. Why Bitcoin Falls Short As A Store Of Value Claim In an exclusive interview on CNBC’s Squawk Box, Scaramucci declared that BTC fails to qualify as a store of value in the financial sector. His critique centers around the negative impact of the crypto industry’s current regulatory framework. When questioned about the diversion between BTC and…
[ad_1] Bitcoin traders might be upbeat about what lies ahead. However, looking at the daily chart, the world’s most valuable coin is struggling for momentum. BTC prices are inside a narrow range, with support at around $56,000 on the lower end and a stubborn liquidation level at $63,000. Even though the uptrend remains, at least considering the state of price action in the past few trading days, conservative and risk-on traders are now on the sidelines. It is only when there is a clear trend definition, either below $50,000 or above $72,000, that traders can commit. The result will be…
[ad_1] To enhance its foreign economic activity (FEA), Russia plans to launch two major crypto exchanges in its region—one in Moscow and the other in St. Petersburg. According to the report, this initiative highlights Russia’s “strategic” move to integrate digital assets into its economy. It focuses on creating and utilizing stablecoins pegged to the Chinese yuan and the BRICS currency basket. As reported, the goal is to “foster” economic cooperation among the BRICS nations—Brazil, Russia, India, China, and South Africa—while pushing forward the country’s “de-dollarization” efforts. 2 Russia Crypto Exchanges On The Horizon—Details Russia’s initiative to launch new crypto exchanges aims…
[ad_1] Economist and market analyst Henrik Zeberg has made an updated bullish forecast for Bitcoin, predicting that the leading cryptocurrency could surge between $115,000 and $120,000. Zeberg, who forecasted a rise to $95,000-$100,000 in December 2022, revised his prediction based on his Business Cycle Model. Related Reading Bitcoin On The Verge Of A Breakout? Despite a generally bearish sentiment in late 2022, Zeberg maintained his optimistic outlook, which he still holds today. He pointed out that while many predicted an “imminent crash,” the market bottomed out in October 2022, setting the stage for the potential rally he now anticipates. In…
[ad_1] The world of cryptocurrency is dynamic and ever-changing, with new players constantly emerging to challenge the established giants. One such rising star is Mpeppe (MPEPE), a memecoin that has quickly garnered a strong following and is now on a trajectory to surpass Dogecoin (DOGE) in the coming months. With its unique blend of meme culture, sports fandom, and blockchain innovation, Mpeppe (MPEPE) is not just gaining popularity—it’s positioning itself as a serious contender to dethrone Dogecoin (DOGE) as the top memecoin. Here’s why Mpeppe is on the path to surpass Dogecoin (DOGE) and what this means for the future…
[ad_1] The crypto community has been abuzz with news of a significant move by an Ethereum (ETH) whale. This whale, known for making strategic and profitable investments, has gone all in on a new and promising cryptocurrency: Mpeppe (MPEPE), currently priced at just 0.001777. Why Is This ETH Whale Betting Big on Mpeppe? This move has caught the attention of many in the crypto world, prompting the question: why is an investor with substantial holdings in Ethereum (ETH) choosing to shift focus to Mpeppe (MPEPE)? The answer lies in a combination of factors that suggest Mpeppe (MPEPE) could be one…
[ad_1] On-chain data shows Bitcoin has been moving to Coinbase from other exchanges. Here’s what this has historically meant for the asset. Bitcoin Coinbase Flow Pulse Has Turned Back Green Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, Coinbase has resumed inflows from other exchanges recently. The indicator of relevance here is the “Coinbase Flow Pulse,” which keeps track of the net amount of Bitcoin flowing between Coinbase and the other cryptocurrency exchanges. Below is the chart shared by the analyst that shows the trend in the 7-day moving average (MA) of this…
[ad_1] The crypto giant Grayscale has launched a new trust for the layer-1 Ethereum (ETH) competitor Avalanche (AVAX). Rayhaneh Sharif-Askary, Grayscale’s head of product and research, says Avalanche has played a “pivotal role” in advancing the adoption of real-world asset (RWA) tokenization. AVAX shot up in price by 5.65% on Thursday, outpacing the broader crypto market, which dropped 1.3% over the same time period. The new Grayscale Avalanche Trust will function like the asset manager’s other single-asset investment trusts and is solely invested in the AVAX token. Grayscale’s new product wasn’t the only recent development that could have had a…