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…
Crypto
Digital Chamber Urges VP Harris to Embrace Crypto in Democratic Party Platform
The post Digital Chamber Urges VP Harris to Embrace Crypto in Democratic Party Platform appeared first on Coinpedia Fintech News The Digital Chamber of Commerce, a leading crypto trade association, has penned a letter to Vice President Kamala Harris, advocating for a progressive stance on digital assets within the Democratic Party. The letter highlights the importance of adopting a forward-looking approach to digital assets and outlines key recommendations for integrating pro-crypto policies into the party’s platform. Call for Pro-Crypto Leadership…
11 months ago
Crypto Trade Association Urges VP Kamala Harris To Embrace Digital Assets
The post Crypto Trade Association Urges VP Kamala Harris To Embrace Digital Assets appeared first on Coinpedia Fintech News The Crypto trade association @DigitalChamber has penned a letter to Vice-President Kamala Harris urging her to take a forward-looking approach to digital assets and blockchain technology. The letter calls on her to include pro-crypto language in the Democratic party platform, choose a crypto-friendly running mate, and start engaging with industry leaders. The association is hopeful that with her leadership, the Democratic…
11 months ago
Eric Balchunas Claims ETH ETFs Will Open the Doors for Other Crypto ETFs; These 5 Cryptos Are Destined To See Major Growth
Recently, Bloomberg's senior ETF analyst Eric Balchunas made an interesting claim that Ethereum ETFs could open the door to other crypto ETFs. As various cryptocurrencies prepare for this possible change in the crypto market, some stand to see huge gains. These are five cryptos with inevitable massive growth potential: DTX Exchange (DTX), Solana (SOL), Ondo (ONDO), Stacks (STX), and Jupiter (JUP). While many are trending because of their green price charts, DTX Exchange stands out. This Stage 2 presale star…
11 months ago
Gary Gensler Expected To Resign After Biden Exit – Which Crypto Coins Can Benefit The Most?
There is growing speculation that Gensler could resign in early 2025, regardless of who wins the upcoming US Presidential elections. This comes after President Joe Biden ended his re-election campaign on Sunday, endorsing Vice President in his wake. JUST IN: SEC Chair Gary Gensler tipped to resign in 2025 after Biden exit. pic.twitter.com/JKch0lrQXq — Radar? (@RadarHits) July 22, 2024 This is a decidedly bullish scenario for the cryptocurrency market. Gensler’s anti-crypto stance has been widely criticized by not only…
11 months ago
Rebound in Crypto Market In the Near-Term Is Likely To Be Temporary: JPMorgan
The post Rebound in Crypto Market In the Near-Term Is Likely To Be Temporary: JPMorgan appeared first on Coinpedia Fintech News JP Morgan, in a research report last week said that any rebound in cryptocurrency markets in the near term is likely to be tactical and not the beginning of a new long-term bullish uptrend. This was because the price of bitcoin (BTC) is currently too high versus its production cost of $43,000, and relative to its volatility-adjusted comparison to…
11 months ago
India’s Crypto TDS Policy Unlikely to Change, Experts Say
The post India’s Crypto TDS Policy Unlikely to Change, Experts Say appeared first on Coinpedia Fintech News Experts state that India is unlikely to change its controversial TDS policy on crypto transactions when Finance Minister Nirmala Sitharaman reveals her full budget for 2024-2025 on Tuesday. The TDS is a standout issue for the crypto industry. The Bharat Web3 Association (BWA) has asked for the tax to be cut to 0.01% from 1% ever since it was announced two years ago.…
11 months ago
Mark Cuban Says Silicon Valley Supports Trump Because of Crypto Stance; Experts Bullish On DeFi Coins
The post Mark Cuban Says Silicon Valley Supports Trump Because of Crypto Stance; Experts Bullish On DeFi Coins appeared first on Coinpedia Fintech News According to Mark Cuban, Silicon Valley’s support of Donald Trump is due to Bitcoin. This has provoked much discussion among people who work with digital money. In light of this, whales are accumulating different DeFi tokens because they expect them to bring in huge profits. Therefore, we are going to look at five DeFi tokens –…
11 months ago
Crypto Price Analysis 7-22 BTC, ETH, SOL, DOT, DOGE, UNI, ADA, WIF
Bitcoin (BTC) registered an impressive increase over the weekend, with the price overcoming a crucial resistance level to move above $65,000. The move above $65,000 came after a slight pullback. However, spot Bitcoin ETFs continued to receive inflows, indicating that while markets were cautious, they had not turned bearish. BTC’s recovery could set it on the path to $70,000 and a new all-time high, with the price on an upward trajectory since it closed above the 200-day SMA on July…
11 months ago
Crypto Bull Run Has Begun: Top Reasons to Invest Now!
The post Crypto Bull Run Has Begun: Top Reasons to Invest Now! appeared first on Coinpedia Fintech News Bitcoin is stabilizing this weekend after a rally, supported by strong ETF inflows and whale buying. The price may soon approach its all-time high of $73,750. Given the current bullish trend, investing could be a good time. Symbiote, a prominent crypto analyst, has painted a highly optimistic picture of Bitcoin’s future, attributing this positive outlook to several key factors. Here’s an in-depth…
11 months ago