‘The Magnificent 7’ earnings reveal a stark divide in Q3 2024, with tech giants delivering mixed results that have reshaped stock performance expectations. Of the six companies reporting, Tesla‘s results sparked enthusiasm, while Apple, Microsoft, and Meta faced heightened scrutiny despite beating estimates. The initial financial analysis shows that the group maintained 30.5% earnings growth…
Bullish sentiment has intensified in Ethereum futures, with positive funding rates pointing to optimism in ETH’s price potential. The funding rate metric in futures markets reflects buyer aggression, where positive values indicate bullish sentiment and negative values suggest bearishness. Recently, ETH funding rates turned positive, showing a shift toward optimism. Although the rates have yet…
Bitcoin (BTC) continued to attract attention with its performance and unique patterns heading into the U.S. election period. Its Relative Strength Index (RSI) for October closely matched historical election years, reflecting RSI readings from past cycles in 2012, 2016, and 2020. Bitcoin Monthly October RSI, a week before elections:October 2012 = 65.55October 2016 = 65.42October…
Vitalik Buterin, co-founder of Ethereum (ETH), recently shared some insights on “The Purge,” one of the project’s enhancement plans. He highlighted how it would solve the challenges of complexity and bloat on the network. This marks the fifth part of the “Possible futures of the Ethereum protocol” series, which he began a few weeks ago….
Demand for the US spot Bitcoin Exchange-Traded Funds (ETF) has rebounded after weeks of low activity. This surge in inflows signals a shift in institutional investors’ sentiments, with market participants hopeful for further price gains. Those cautious about direct Bitcoin exposure now embrace the coin as a regulated investment vehicle. The Bitcoin ETF Demand Stat…
MicroStrategy, the business intelligence firm and the world’s largest corporate Bitcoin holder, currently holds 252,220 BTC. The asset, acquired at a total cost of about $9.9 billion, has soared considerably. At the current Bitcoin price of $687,300, MicroStrategy holds over $17 billion. The business intelligence firm has entered a bull season and recorded another impressive…
Solana recently took another step ahead of Ethereum, this time, in terms of economic value. When the network first made its debut, it was marketed as an Ethereum killer, making clear its aim to be better than its rival. According to a recent Blockworks analysis, Solana’s real economic value recently soared to a record high…
Billy Markus, the founder of Dogecoin, also known as Shibetoshi Nakamoto, is in the headlines after stating that he sold all his BabyNeiro tokens in exchange for BNB, Binance’s native token. Markus, who famously sold all his Dogecoins to buy a car for $10,000 in 2015, which is now worth over $90m, remains a frequent…
Bitcoin has been a better-performing asset than traditional investments during periods of increased liquidity. That poses the question of how the cryptocurrency will behave in the further course of monetary policy relaxation. As reported by Ecoinometrics, Bitcoin grew by 150% CAGR during the 2020 liquidity boom. That is much higher than NASDAQ and gold. As…
Recent data from CryptoQuant has highlighted a significant drop in Bitcoin exchange reserves. They have reached the lowest levels recorded since the data began in October 2021. In the past month alone, over 51,000 Bitcoins were redeemed from some of the largest cryptocurrency exchange platforms. This trend indicates that investors are moving towards the long-term…
Coinbase’s Layer-2 blockchain, Base, has recorded a major milestone in its bid to surpass Arbitrum. Both operate on the same Ethereum blockchain, but Base’s performance has made it stand out. Will Base Flip Arbitrum? An IntoTheBlock’s X post hints that Base’s Total Value Locked (TVL) might soon replace Arbitrum as the largest Ethereum Layer-2. TVL…
The Bitcoin market has seen recent fluctuations that have jangled investors’ nerves. Significant long liquidations in excess of $53 million in 24 hours pushed the cryptocurrency past the $60,000 mark. However, the volatility doesn’t undermine the strong confidence of major players such as BlackRock and Metaplanet in Bitcoin’s long-term potential. BlackRock bought 12,272 BTC during…
Uniswap Labs has introduced Unichain as a new Ethereum Layer-2 solution to dominate the Decentralized Finance (DeFi) ecosystem. Uniswap highlighted Unichain as a blockchain solution with cross-chain interoperability, a decentralized validator network, and faster speed. The Deal About Unichain Uniswap (UNI) and other DeFi protocols have made great progress lately. However, DeFi protocols built on…
Bloomberg Intelligence analyst James Seyffart forecasts options on US Bitcoin exchange-traded funds (ETFs) could launch as soon as early 2025. Following the SEC’s recent authorization to list options to BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), this prediction. The launch, however, requires the final blessing of the Commodity Futures Trading Commission (CFTC) and…
The Arbitrum Layer 2 network is now home to Paxos International’s yield-bearing stablecoin, Lift Dollar (USDL). With this expansion, the Arbitrum ecosystem will open for users and developers. The purpose is to offer fast transactions and inexpensive means of gaming, social applications, and decentralized finance (DeFi). Integrating USDL will boost Arbitrum’s robust DeFi environment. Users…
Este artículo también está disponible en español. Bitcoin, which started the month on a negative note, has begun to regain some positive momentum and is up by 1.66% in the past 24 hours. This recovery comes amid renewed optimism in the crypto space, as traders and investors remain hopeful for a solid finish to the…
The price of Ethereum continues to struggle against Bitcoin, with the ETH/BTC trading pair marking a 30% decline. Experts have expressed discontent with the underperformance, including one popular crypto analyst Michaël van de Poppe refering to it as “the most disgusting chart I’ve seen in a while.” Analyst Weigh In on ETH/BTC Pair’s Downtrend ETH/BTC…
the global crypto market experienced a notable selloff during Tuesday’s trading session, per CoinMarketCap data. The selling pressure continued today, with the combined market cap dropping 4.9% of its value in the past 24 hours. The market decline has raised concerns among traders and investors, sparking discussions on the major cause across several online platforms….
Spot Bitcoin exchange-traded funds (ETFs) experienced volatility on the first of October, changing the recent trend. The sector recorded $242.53 million in outflows, thus ending an eight-day growth period. Even with the negative fund flow, BlackRock’s iShares Bitcoin Trust (IBIT) was not bearish as it received $49.84 million in investment. At the end of September…
Bitcoin and Gold are seeing a surge in interest in the backdrop of the Federal Reserve’s monetary policy changes and the recent boost from China’s economic policy moves. Such shifts in global monetary strategies have led investors to contrast Bitcoin (BTC) and gold as hedge options against financial instability. As reported by Bitwise Asset Management,…
Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital…
Economist Steve Hanke cited a University of Toronto study that links cryptocurrency ownership to traits of the “Dark Tetrad,” including psychopathy, narcissism, Machiavellianism, and sadism. According to the research, crypto owners exhibit psychopathic tendencies, he explained. Study Links Crypto Ownership to Psychopathic Traits Economist Steve Hanke highlighted research from the University of Toronto this week,…
August 28, 2024 at 03:20 PM GST updated: August 28, 2024 at 01:43 PM 1 min read News Solana (SOL) dropped 1.53% in the past 24 hours, trading at $144. Short-term support at $142.55 may allow a rebound to $158-$160 if maintained. Broader outlook suggests potential sideways trading around $160 or further declines. Solana (SOL)…
August 26, 2024 at 08:20 PM GST updated: August 26, 2024 at 07:53 PM 2 mins read News VeChain (VET) shows bullish technical indicators, hinting at a potential breakout. A double bottom and bullish divergence suggest a market reversal is likely. Expanding ecosystem and strong governance position VET for possible new all-time highs. VeChain (VET)…