Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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LinkedIn, Gamified: Calyptus Intros Job Hunting Incentives To Accelerate Web3 Recruitment
London, United Kingdom, September 25th, 2024, Chainwire By earning points from connecting data streams like Github and completing skills assessments or references, candidates can increase their visibility with employers and enhance their prospects of getting hired. Calyptus, the leading platform for Web3 job seekers, has launched a new points-based system to make job-hunting rewarding. It’s designed to incentivize both technical and non-technical job seekers to provide unique insights about themselves by completing their profiles, doing assessments and references, and aggregating…
9 months ago
BlackRock Executive Affirms Bitcoin’s Safe Haven Status
Bitcoin’s classification in the financial ecosystem is highly debatable. Some analysts see it as a stable haven and others as a risky asset. However, Robbie Mitchnick, the head of digital assets at BlackRock Inc., argues that Bitcoin is fundamentally a risk-off asset. BlackRock Executive Talks About Fundamentals of Bitcoin Risk-off assets like gold and government bonds are favored in uncertain times, providing a safe harbor when the economic forecast looks grim. In contrast, risk-on assets, such as stocks, thrive when…
9 months ago
Bill Maher Slams Crypto and Bitcoin
American comedian and writer Bill Maher ignited a heated debate about cryptocurrency through his comments on an HBO panel. He criticized the industry’s environmental impact, a topic that has attracted widespread attention. With over 10 million followers on X (formerly Twitter), Maher’s comments have resonated broadly, sparking significant discussion. Crypto Community Debunks Bill Maher’s Bitcoin Claims Since its inception, Bitcoin has faced scrutiny from critics across various sectors. Often, these detractors lack a comprehensive understanding of the Bitcoin ecosystem, yet…
9 months ago
Bitcoin Bulls Rise as Fed Officials Mull More Rate Cuts
The Federal Reserve left the door open for further interest rate cuts, and China has enacted cuts of its own. Bitcoin experts are bullish towards the future, but some uncertainty remains. The next few weeks will be critical for Bitcoin’s growth. Rate Cuts Worldwide Officials from the Federal Reserve are open to further rate cuts. The first round of cuts does not appear to have many outright political opponents, leaving the door wide open for more. As Neel Kashkari, President…
9 months ago
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BitcoinBitcoin Could Top At $400,000 Based On This Model, Analyst Says
An analyst has explained how the next Bitcoin top could be situated around $400,000, if this model for the asset’s price continues to hold. Bitcoin Long-Term Power Law Could Reveal Possible Location Of Next Top In a new post on X, analyst Ali Martinez has talked about what the Long-Term Power Law could say about the next potential Bitcoin top. The “Long-Term Power Law” here refers to a BTC price model created by Bitbo. The model involves three lines, the…
9 months ago
Cardano (ADA) Reclaims Top 10 Crypto Spot, Analysts Set New Targets
Cardano (ADA) has seen a remarkable performance over the week, surging over 10% and reentering the top ten cryptocurrencies by market capitalization list. Its recent price action has fueled a bullish sentiment among investors and market watchers, who believe the token might be near a rally toward $1. Cardano Breaks Out To Reclaim Top 10 Spot Cardano’s price has steadily declined after the March highs, registering a 42% drop in the last six months. During the Q1 rally, the token…
9 months ago
Bitcoin’s Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?
The Bitcoin Puell Multiple, a key on-chain metric used to assess the profitability of Bitcoin miners, is currently signaling a potential bullish reversal for the leading cryptocurrency. According to a CryptoQuant analyst under the pseudonym Darkfost, this metric has recently dipped into the “green zone,” a signal historically associated with upward price movements for Bitcoin. The analyst shared these insights earlier today on the CryptoQuant QuickTake platform. Detailing The Green Zone And Its Implication For Bitcoin’s Price The Puell Multiple…
9 months ago
XRP Price Remains in Range: Can It Escape the Consolidation?
XRP price is still consolidating above the $0.5785 support. The price must clear the $0.5950 and $0.6050 resistance levels to gain bullish momentum. XRP price is still trading below the $0.600 resistance zone. The price is now trading above $0.590 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $0.5865 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it…
9 months ago
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BitcoinBitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?
Recently, a significant movement of older Bitcoin holdings has been observed on the network, sparking discussions about potential selling pressure in the market. This activity, as shown in data by the on-chain analytics platform CryptoQuant, has led to analysts advising “extreme caution” in the face of this development. Old Bitcoin On The Move: A Signal for Caution? A CryptoQuant analyst under the pseudonym XBTManager noted that Bitcoin’s upward trend has been accompanied by increased activity on the network, particularly from wallets that…
9 months ago