Market

[PRESS RELEASE – LUXEMBOURG, LUXEMBOURG, April 11th, 2024] Blocktrade is a European VASP (virtual asset service provider) and gamified platform for digital assets, gaming & commerce Investors now have the opportunity to purchase shares via CONDA Capital Market. In March 2024, Blocktrade successfully concluded an exclusive fundraising round, amassing over €500,000. The opening on Conda Capital extends the opportunity for individuals to become shareholders with a minimum investment of €240. Building upon its significant achievements in 2023 by creating one…

Bitcoin’s price slumped hard yesterday following the latest US CPI announcement but went on the offensive hours later and currently flirts with the $71,000 line. Moreover, DOGE, TON, NEAR, WIF, VET, and ETC have had impressive gains over the past day or so, with TON and WIF surging by about 9%. BTC Challenges $71K BTC had fallen below $66,000 on Friday but started to regain traction during the weekend and even challenged the $70,000 level on Sunday. However, it was…

Bitcoin’s value soared by over 4% as the Grayscale Bitcoin Trust (GBTC) witnessed its lowest daily outflow of $17.5 million on Wednesday. This event marks a potential shift in the crypto market, reflecting a change in investor sentiment amidst volatile conditions. Bitcoin ETF Flows Turn Positive For The First Time in the Week Earlier in the week, GBTC faced substantial outflows totaling over $450 million. However, the outflow dramatically decreased by Wednesday, signaling a possible market stabilization. Michael Sonnenshein, CEO…

The post Crypto Market Reacts to CPI Data: Bitcoin and Ether Prices Take a Hit appeared first on Coinpedia Fintech News Michael Sonnenshein, the CEO of Grayscale has suggested that the outflows of Grayscale Bitcoin Trust (GBTC) might stabilize after a brief period of sustained investor selling.  This stabilization is viewed as a point of potential equilibrium, which includes anticipated outflows like the ones related to settlements of bankruptcy and investor switch trades that are potentially behind them. Despite facing…

The post Five Top Meme Coins To Buy Now To Benefit From the Market Bearish Correction appeared first on Coinpedia Fintech News With the crypto market experiencing a slight bearish correction, resulting in many tokens dumping their gains, analysts project that the market will soon be flying again. As a result, investors need to source for projects that can give them huge returns during this dip. Among core crypto niches that will sporadically benefit from the anticipated bull market is…

Bitcoin (BTC) has retreated to the $68,000 range after hovering around $70,000 for several days. BTC is currently trading at $69,100, marking a recent decline. This downturn aligns with two consecutive days of negative outflows for US-traded spot Bitcoin exchange-traded funds (ETFs). Spot Bitcoin ETFs See $242.4 Million Outflow in Two Days Farside data reveals that the US spot Bitcoin ETFs experienced outflows totaling $223.8 million on April 8, 2024, followed by $18.6 million on April 9, 2024. Grayscale Bitcoin…

Bitcoin’s recent rally came to a halt in the past 24 hours or so, as the asset was pushed down to under $70,000 and even below $69,000. The altcoins are also in retreat today, with notable price declines from the likes of BCH, DOT, DOGE, ICP, RNDR, WIF, and APT. BTC Down to $69K Bitcoin experienced a massive price decline last week when it slumped to a multi-day low of $64,500. However, the bulls managed to intervene at this point…

Xuirin Finance is working on a new project to open up a market worth billions of dollars with its DeFi Debit Card. This project is creating a debit card that people can use for their everyday shopping, and it will work all over the world for all kinds of money transactions. DeFi gives people privacy and works everywhere, but it’s not easy to use and needs more practical applications for daily life. Xuirin Finance is launching a DeFi debit card…

The post Ripple Enters Stablecoin Market as Tether’s Success Sparks Competition appeared first on Coinpedia Fintech News With Tether’s remarkable earnings in 2023 setting a benchmark for stablecoin profitability, Ripple seizes the opportunity to launch its USD-backed stablecoin, aiming to challenge Tether’s dominance and tap into the lucrative stablecoin market. Tether’s Financial Success and Ripple’s Strategy Tether’s annual net income in 2023 was an impressive $6.2 billion, which shows the high profitability potential within the stablecoin sector.  Recognizing this opportunity,…