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…
Investors
Shiba Inu Investors Add New Pepecoin (PEPE) Rival To Holdings As SHIB Price Falls
The cryptocurrency market is no stranger to volatility, and recent trends have seen Shiba Inu (SHIB) experiencing a notable dip. In response, investors are looking to diversify their portfolios with promising new entrants. One such entrant is Mpeppe (MPEPE), a new meme coin that is gaining traction as a formidable rival to Pepe (PEPE). As the value of Shiba Inu (SHIB) continues to waver, more investors are turning their attention to Mpeppe (MPEPE) in hopes of riding the next wave…
12 months ago
Ethos Announces 1.75M Pre-Seed From Collective Angel Investors to Confirm “Proof-of-Credibility”
Austin, United States, July 2nd, 2024, Chainwire Ethos plans to extend Ethereum’s existing validation functionality to confirm a user’s credibility on-chain, something Ethos calls “social validation” Ethos, the decentralized social (DeSo) application bringing reputation and credibility on-chain, today announces the close of its $1.75M funding round led by a collective group of prominent web3 angel investors including Bharat Krymo, James Hall, 0xQuit, Tre, Dingaling, Sighduck, Dragos, 0xMakesy, Zeneca, and others. The round will be used to finalize the Ethos product…
12 months ago
Baked Or Burned? Trader Makes 307x From Solana Token But Investors Raise The Alarm
Over the weekend, a crypto trader turned 70 SOL into $3 million with a Solana-based token. However, the investor’s success story was overshadowed by the controversial launch of the memecoin that made it possible. Trader Makes $3 Million In Minutes A crypto trader made millions in 30 minutes after investing $9,923 in Solana-based memecoin BAKED. Lookonchain reported that a sniper spent 70 SOL to buy 81.78 million BAKED. 30 minutes later, the trader sold his holdings for 21,581 SOL, worth…
12 months ago
Bitcoin Investors Place $500 Million In Spot BTC Bids Below Market Price
Bitcoin looks like it’s starting to kick off the week on the right foot, suggesting the end of the correction that lingered throughout June. While investors continue to ponder on Bitcoin’s price trajectory in July, on-chain data, price history, and strategic transactions point to a bullish July. Despite the short-term volatility, many investors remain bullish on Bitcoin’s long-term prospects. Notably, data shows an interesting $500 million increase in bids below the spot price and a rise in open interest, as…
12 months ago
Nubila Kickstarts Fundraising Round Led by IoTeX, VeChain and Other Leading Investors
San Francisco, United States, July 1st, 2024, Chainwire Nubila, a leading data oracle specializing in accurate and actionable Environmental, Social, and Governance (ESG) data for the Decentralized Physical Infrastructure Network (DePIN) ecosystem, has kicked off its fundraising round. The on-going round is led by IoTeX and VeChain + Boston Consulting Group, with the participation from OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures and Genopets, Nubila…
12 months ago
Bitcoin Records Surge In Retail Investors – Is A Price Rebound On?
According to data from CoinMarketCap, the price of Bitcoin declined by 5.25% in the past week falling below the $60,000 mark. This price dip adds to the string of negative performances in the last month during which BTC has lost 9.88% of its value. However, Bitcoin has recently seen an increase in buying interest despite its recent price dips and popular notions that the maiden cryptocurrency is bound to remain in a consolidation state for now. Prominent crypto analyst Ali…
12 months ago
Mt Gox To Redistribute BTC And BCH To Investors Amid Bitcoin Reaccumulation Schematic
The post Mt Gox To Redistribute BTC And BCH To Investors Amid Bitcoin Reaccumulation Schematic appeared first on Coinpedia Fintech News Amid the Wyckoff Bitcoin reaccumulation schematic, defunct Japanese Bitcoin exchange, Mt Gox has announced plans to start redistributing funds to investors in Bitcoin (BTC) and Bitcoin Cash (BCH) from the start of July. During this repayment phase, investors can maximize their capital by investing in tokenized ETFs through innovative crypto and ETF platforms like ETFSwap (ETFS). Investors Eye Huge…
12 months ago
Investors Are Prepping For Altcoin Season As Alts Remain Strong Against BTC; Here Are 3 Must Have Cryptos For Your Portfolio
With altcoin season approaching, many investors are looking to diversify their portfolios beyond popular cryptocurrency investments. Altcoins have shown great resilience and growth potential, prompting both seasoned traders and new crypto investors to seek out the best coins on the uptrend. Here are three must-have cryptos that you could consider adding to your portfolio. Fantom (FTM): Approaching $2B Market Cap Recent trends in the market show that Fantom is resisting the overall bearish sentiment, with a 4.56% increase despite Bitcoin's…
12 months ago
Investors Consider Bitcoin A Hedge Against Geopolitical Uncertainty: BlackRock
The post Investors Consider Bitcoin A Hedge Against Geopolitical Uncertainty: BlackRock appeared first on Coinpedia Fintech News Head of Thematic and Active ETFs at BlackRock Jay Jacobs said that Bitcoin, with only one-tenth of the size of the gold market, has high volatility and behaves differently than bonds and stocks. Many investors look at it as a potential hedge against geopolitical and monetary risks. Blakcrock’s promotion of Bitcoin and its IBIT ETF comes at a time when the inflows of…
12 months ago