Market

The post Litecoin ETF: Potential SEC Approval and Market Impact in Cryptocurrency appeared first on Coinpedia Fintech News The crypto community is anticipating a Litecoin ETF, championed by founder Charlie Lee, awaiting SEC approval. Lee’s optimism can possibly be ascribed to Litecoin structural similarities with Bitcoin, favoring its ETF classification. Ethereum relying on Proof-of-Stake brings regulatory challenges, delaying potential ETF approvals. Meanwhile, Lee is cautious about the prospects of Ethereum’s ETF because of these challenges. Market analysts spread caution, citing…

The post US Treasury’s $125M Plan and Arthur Hayes Insights Hint at Crypto Market Recovery appeared first on Coinpedia Fintech News The US Treasury’s $125 million refunding and buyback plan, alongside insights from Arthur Hayes, signal potential market stabilization. This measure by the Treasury Department points at a possible stability for both crypto and stock markets. Arthur Hayes points at macroeconomic factors like a $200 billion infusion of tax receipts to be most crucial for market recovery. Treasury’s strategy includes…

The post Standard Chartered Forecasts Bitcoin Could Decline to $50,000 Amid Market Conditions appeared first on Coinpedia Fintech News Standard Chartered Bank predicts Bitcoin’s price, currently around $57,000, could drop to $50,000 as it breached the $60,000 threshold. The head of forex and digital assets research, Geoffrey Kendrick highlighted crypto-related concerns like U.S. ETF outflows and the heated response to the launches of Hong Kong ETF. Other influences include macro trends like U.S. liquidity decline and inflation data. Irrespective of…

In a climate where the bull run has taken hold of the market, identifying promising cryptocurrencies becomes a crucial exercise. This article highlights a selection of cryptos that offer intriguing potential for those looking to navigate the current market dip. Each suggestion is backed by thorough analysis, aiming to cater to the interests of both seasoned investors and curious newcomers. Read on to discover which cryptocurrencies might lead the charge during this invigorating phase of market activity. BlastUP Presale Ends…

TL;DR The cryptocurrency market has recently suffered heavy losses, with major assets experiencing significant declines. Despite the downturn, there is one meme coin that saw a dramatic increase, surging 800% in a week after being launched on PancakeSwap and receiving backing from Crypto.com. The cryptocurrency sector recently erased much of the gains recorded in the last few months, with its global market capitalization plunging to as low as $2.2 billion. The leading digital assets – Bitcoin (BTC), Ethereum (ETH), Solana…

[PRESS RELEASE – London, UK, May 1st, 2024] Three days into its existence, $ROCKY, the latest meme coin to hit the Base blockchain, has surged to a remarkable $20.6 million market cap in a predominantly red market. Launched quietly on a Saturday by MetaWin’s founder, Skel, the rise of $ROCKY has achieved growth without the benefit of prior hype or a pre-sale event. Surprisingly, even the internal MetaWin team was unaware of the launch, waking up to the news only…

The post Crypto Market Crash: Bitcoin Faces $464 Million Liquidation In 24 Hours! appeared first on Coinpedia Fintech News The BTC price has experienced a plunge of 11.52% with a low of $56,555.29 within the past 24 hours. Following the cross-border correction, the crypto market leader, Bitcoin price, recorded a total of $464 Million worth of liquidations in its portfolio, of which 86% ($399 Million) were long positions whereas 14% ($65 Million) were short positions. OKX experienced the highest liquidations,…

Solana (SOL) is preparing to take center stage in the crypto market with a Solana spot ETF ready to debut in North America. Despite SOL emerging as an institutional favorite, the altcoin has come under bearish pressure in recent weeks. Solana (SOL) investors are celebrating another landmark victory for the cryptocurrency. According to reports, SOLWealth, a federal organization based in Canada, is preparing to launch a Solana spot ETF. Since the introduction of a Bitcoin spot ETF, there’s increased interest…

(Eden Island, Seychelles) The blockchain sector is witnessing a revolutionary phase with the introduction of GLT coin by the Galaxy Market-Making Foundation. This significant development enhances decentralized autonomous organizations (DAOs) and establishes a new trend in pledge mining within the Binance Smart Chain ecosystem. GLT coin stands out with its unique approach as it operates with zero pre-mining. Users can only obtain this token through the pledge mining mechanism on the Galaxy eco-system platform. This method ensures the token’s rarity,…