[ad_1] Over the past 24 hours, the crypto market has witnessed a severe downturn, with Bitcoin’s price tumbling down 15% to a low of $49,000 on Binance (BTC/USDT), marking a significant departure from its $70,000 high last week—a 26% crash. Similarly, Ethereum (ETH) plunged 39% from $3,400 to $2,100. This downward trend was not isolated but echoed across the altcoin spectrum, which experienced even steeper declines. #1 Recession Fears Cause Bitcoin Crash The initial spark for the current market volatility appears to stem from intensifying fears of a US recession, triggered by unexpectedly weak US job market data on Friday.…
Author: dfrancis36
[ad_1] US senators believe that the President’s bodyguards could do more than just wield high-powered pistols and don sleek dark glasses. The lawmakers have presented a measure that would give the Secret Service the power to look into and prosecute crimes using digital assets in a bipartisan effort. Aimed at curbing the growing menace of illicit money and crypto use by criminals, the Combating Money Laundering in Cybercrime Act of 2024 has been proposed. Specifics Of The Proposed Law Sens. Amy Klobuchar (D-Minn.), Chuck Grassley (R-Iowa), and Catherine Cortez Masto (D-Nev.) introduced the bill, which would grant the Secret Service…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] Publicly traded on Wall Street and the London Stock Exchange (LSE), Bitcoin (BTC) miner Argo Blockchain presented today (Monday) its latest report on cryptocurrency production for the month of July. The result of 48 mined BTC is over 60% worse than last year’s figures, but shows a slight improvement compared to recent months.In July, Argo Blockchain mined 48 Bitcoins, translating to a production of 1.5 BTC per day. Compared to June, this result is 4 Bitcoins better, but significantly worse than last year. In July 2023, BTC production averaged 4.2 BTC per day, totaling 129 tokens.Despite such a significant…
[ad_1] In a recent development that has sparked considerable outrage within the XRP Ledger (XRPL) developer community, Ripple is under fire for altering a podcast clip. The edited segment was part of Ripple’s new podcast series titled “Exploring Ripple’s New Stablecoin Ripple USD (RLUSD)”, featuring CTO David Schwartz and Ripple President Monica Long discussing the upcoming launch of the stablecoin and various aspects of the XRP Ledger ecosystem. The controversy centers around a specific modification to a statement made by Monica Long. In the original podcast, Long noted the momentum of developer engagement on the XRP Ledger, stating, “We’ve put…
[ad_1] Solana (SOL) refuses to be taken out of the picture as the crypto market takes a heavy beating. In fact, the altcoin has appeared on this analyst’s radar, and for good reasons. An optimistic analysis by trader WHALES_CRYPTOx brings Solana back in the spotlight. According to the trader’s observations, SOL is about to see a huge price increase, which has investors and experts talking. However, what does this signify for Solana’s future? Related Reading Overcoming Obstacles The price movement of Solana in the last several days has been quite erratic. Despite this, the cryptocurrency, according to WHALES_CRYPTOx, has emerged…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] Ethereum price nosedived after it settled below $3,000. ETH is down over 20% and it is now attempting to recover from the $2,000 zone. Ethereum started a major decline below the $2,800 and $2,650 levels. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it clears the $2,500 resistance zone. Ethereum Price Takes Major Hit Ethereum price started a major decline after it broke the $3,000…
[ad_1] In the rapidly evolving cryptocurrency industry, crypto investors can gain a significant advantage by locating the next potential gem. Due to the ongoing fluctuations in the market, penny cryptocurrencies are gaining popularity and could reach $1 by 2024. Given that many of them cost less than $1, selecting the best cryptocurrency is definitely not an easy task.We examine five cryptocurrencies, their remarkable features, and the reasons why they may be the ones to keep an eye on in 2024.Top 5 Cryptos Ready For $1 In 2024Artemis (ARTMS)Current Price: 0,00110 Presale Start Price: 0,00055Marketcap: Presale Crypto with 45x Potential Until…
[ad_1] A closely followed crypto strategist thinks altcoins are about to witness a market meltdown against Bitcoin (BTC). Analyst Benjamin Cowen tells his 839,200 followers on the social media platform X that altcoin holders are about to experience pain as he believes the crypto market is closely following in the footsteps of the 2019 cycle. In April of this year, Cowen looked at the total market cap of altcoins (TOTAL3) against Bitcoin and said the chart is a carbon copy of the 2019 cycle. Source: Benjamin Cowen/X Back then, Cowen predicted that Bitcoin would see a larger correction once ALT/BTC…