Crypto

The post This Week in Crypto: Top News, Bitcoin and Altcoin Volatility, Major Hacks, and DeFi Investments appeared first on Coinpedia Fintech News This week in the crypto market, significant events happened, with the latest one being the Consumer Price Index (CPI) news, which came in softer than anticipated. This development led to extreme volatility in the market, with Bitcoin’s price fluctuating between $65,000 and $70,000. In this report, we will dive into the key news and developments that controlled…

The post Top Reasons Why the Crypto Market is Down Today: Good Time to Buy? appeared first on Coinpedia Fintech News This week, major cryptocurrencies have been on a rollercoaster ride as a wave of news sent shockwaves through the market. From the early week’s U.S. CPI and PPI data, negative inflow in spot ETFs, and Bitcoin miner capitulation, investors are scrambling to make sense of it all. One key question is on everyone’s mind: has Bitcoin begun a prolonged…

The post Crypto Market Analysis: Bitcoin Price CRASHES to $65k! What Next? appeared first on Coinpedia Fintech News This week, the cryptocurrency market experienced a significant downturn as Bitcoin, the leading digital currency, dropped to its lowest value in four weeks. The week started with optimism due to easing inflation data, but hopes were quickly dashed, especially for Bitcoin. Following Bitcoin’s lead, other major cryptocurrencies like Solana, Avalanche, Cardano, and Near also suffered substantial losses, falling between 15-20%. A Sudden…

The cryptocurrency market has been experiencing a significant downturn, with Bitcoin leading the way by retracing to the $65,000 mark after failing to retest its all-time high of $73,700 reached in March.  Market expert Michael van de Poppe has shed light on the reasons behind this ongoing bloodbath, highlighting several key factors that have contributed to the current state of the market. Crypto Market Battles Uncertainties A key event highlighted by van de Poppe is last Wednesday’s release of the…

Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year. The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token. However, it remains to be seen how Cardano will react, given that it is currently one of the worst-performing crypto assets this year.  Why Cardano’s Price Is Posied To Reach $3 This Year Sebastian mentioned in an X (formerly Twitter) post four reasons he believes Cardano will…

The post Veteran Crypto Trader Predicts Bitcoin’s Market Cap to Equal Global Gold Reserves appeared first on Coinpedia Fintech News Peter Brandt, a veteran trader in the cryptocurrency space, has caught the attention of investors with his recent prediction regarding Bitcoin’s market cap. Brandt suggests that Bitcoin’s market cap could soon equal the value of all global gold reserves which is estimated at around $15.935 T. Brandt’s Bold Prediction In a recent tweet, Brandt highlighted an intriguing scenario where Bitcoin’s…

The post Crypto Regulations in India 2024 appeared first on Coinpedia Fintech News In the case of virtual currencies, India has not enacted any special legislation. However, with its increasing popularity, crypto has aligned with various government statutes like the Companies Act, 2013, necessitating the reporting of virtual digital assets (VDAs). It has also touched the broadened scope of the Prevention of Money Laundering Act, 2002, by including transactions related to these VDAs and different crypto exchanges. The income tax…

The intersection of artificial intelligence (AI) and crypto is poised to unleash a notable wave that could add a staggering $20 trillion to the global gross domestic product (GDP) by 2030, according to a recent report by Bitcoin ETF issuer Bitwise. The study by analyst Juan Leon highlights the potential magnitude of this synergy, which is expected to surpass current expectations. The annual Consensus conference in Austin further underscored the significance of this trend, with industry experts discussing its wide-ranging…

Venture capital firm Paradigm has reportedly raised $850 million for its third fund, supporting early-stage cryptocurrency initiatives led by Coinbase co-founder Fred Ehrsam and ex-Sequoia Capital partner Matt Huang.  Increased Venture Capital Interest In The Industry Paradigm’s previous investments include prominent projects like decentralized exchange (DEX) Uniswap and Optimism, a scaling solution for the Ethereum blockchain.  According to Bloomberg, with the capital raised in the latest funding round, Paradigm aims to contribute to early-stage crypto work and plans to prioritize…