Market

Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision Group, has predicted that the global crypto market will reach a market capitalization of $100 trillion. The financial expert has maintained a strong bullish position for the future of the industry, outlining several reasons why he believes the market will jump 44X from its current market capitalization.  Crypto Market To Hit $100 Trillion Market Cap  In a recent YouTube interview on the Blockworks Macro channel, Pal predicted that…

The cryptocurrency market continues its summer swoon, with major coins like Bitcoin tumbling to four-month lows. Chainlink (LINK), a key player in the decentralized oracle network space, has been especially hard-hit, dropping 25% since the beginning of June. But is this a buying opportunity, or the precipice of a steeper decline? This Chart Pattern Looms Large Technical analysts are scrutinizing Chainlink’s chart, with a particular focus on the dreaded “Head and Shoulders” pattern. This formation, characterized by a central peak…

Dogwifhat (WIF) leads the weekend crypto market recovery, outperforming major meme coins. Analysts predict WIF’s potential bullish pattern, signaling more gains ahead. The crypto market shows a good green color as the weekend approaches, and the popular meme token, Dogwifhat (WIF), leads in the market’s recovery. This upswing emphasizes WIF’s robustness and rising attractiveness among investors. Dogwifhat: Significant 24-Hour Surge WIF is seeing a clear comeback right now, rising 17.30% over the last 24 hours. Outstanding other popular meme coins,…

The post Crypto Market Analysis: Bitcoin, Ethereum, and Altcoins Show Gains! appeared first on Coinpedia Fintech News Is the crypto market finally shaking off its slump? While it’s too early to say for sure, one thing’s clear: Bitcoin, the undisputed king of crypto, is showing signs of life. Currently priced at approximately $56,634, it has shown a slight increase from the previous day’s closing price of $56,624. Over the past 24 hours, Bitcoin’s value has risen by nearly 4.3%. Let’s…

The post Top Cryptos To Buy Now As Crypto Market See Reversal appeared first on Coinpedia Fintech News Relighting the hopes of a bull market, the overnight reversal in Bitcoin projects a potential recovery in the altcoins. With the BTC price back to $56,500 and Ethereum above $3,000, the altcoins market is quick to bounce back.  With the meme coins and other altcoins quick to bounce back from the market crash, the bull run in the recovering tokens is expected…

LayerZero (ZRO) has become one of the first altcoins to bounce amid the market retrace. The token has registered green numbers despite its controversial token airdrop last month.  As a result, investors and market watchers remain bullish on ZRO’s long-term performance. From ZRO To Market Hero In late June, the omnichain interoperability protocol LayerZero launched its long-awaited ZRO token. The launch, which included a token airdrop for the protocol users, received a negative response from the crypto community. Users found…

The post Bitcoin Spot ETFs See Significant Inflows Amid Market Rebound appeared first on Coinpedia Fintech News On July 5, 2024, Bitcoin spot ETFs experienced a substantial net inflow of $143 million, highlighting renewed investor interest amid recent market volatility. Bitcoin made a strong comeback from a low of $53,550, currently trading at $56,380 and sustaining above the critical $56,000 support level. Grayscale ETF (GBTC): Recorded a net outflow of $28.5713 million in a single day. Fidelity ETF (FBTC): Achieved…

The cryptocurrency market experienced a substantial downturn on Friday, compounding the selling pressure witnessed over the past two weeks. The leading cryptocurrency, Bitcoin (BTC), retraced over 20% from its highs in June and May, dropping as low as $53,500.  The market decline was largely attributed to the long-awaited trustee overseeing the Mt. Gox bankruptcy, who announced the commencement of Bitcoin and Bitcoin Cash repayments to creditors affected by the infamous hack that resulted in billions in losses.  As a result,…

IOTA has partnered with Tokeny Solutions, a leading compliance infrastructure for digital assets, for enterprise-level tokenization and on-chain compliance into the IOTA EVM. Founder Dominik Schiener says that the partnership ” aligns with our mission to democratize access to tokenized RWA and financial instruments in our ecosystem.” As tokenization becomes the biggest application of blockchain technology and attracts enterprise users, compliance and security are becoming critical considerations. To address this, IOTA has partnered with Tokeny Solutions, one of the world’s…