Market

The US SEC approval of spot Ethereum Exchange-Traded Funds saw different responses from the crypto industry, with some viewing the approval as a sign of confidence in the digital assets while others considered it a risk. Despite these views, the approval led to a massive surge in different cryptos, with some recording significant uptrends, including Ethereum (ETH) itself. However, the hype behind the approval seems to have settled down as the current market has seen lots of cryptos undergo a…

The post Mike Novogratz: Meme Coins Dominating with $60 Billion Market Cap appeared first on Coinpedia Fintech News Mike Novogratz is bullish on meme coins, predicting their long-term survival and believing that these assets are now a part of the economy. The Galaxy Digital CEO noted that people are making fortunes from meme coin investments. He wrote on X, stating that meme coins have become the cornerstone of the crypto economy, whether or not people are fans of them. According…

The post Fed Keeps Rates Unchanged at 5.25%, Defying Market Expectations appeared first on Coinpedia Fintech News The Federal Reserve announced on Wednesday that it would keep its key interest rate unchanged at 5.25% after a recent rise in inflation. However, this decision doesn’t align with the market expectations, which expected more significant cuts. The Fed has reduced its forecast from three rate cuts to just one rate cut in this year alone. Although recent data shows that inflation is…

The post Crypto Movers Guide: Shiba Inu, Ethereum, and Furrever Token’s Market Impact appeared first on Coinpedia Fintech News With the Furrever Token presale nearing its end, anticipation within the crypto community is high. Offering potential returns of up to 15X, Furrever Token stands out with its innovative 10% deposit bonus referral system, blending cuteness with profitability in a crowded market. Concurrently, Shiba Inu sees a notable increase in its burn rate, possibly boosting its value by reducing supply. Ethereum…

The post Ethereum Tests Key Resistance Amid Market Surge Following Promising CPI News: What’s Next for ETH Price? appeared first on Coinpedia Fintech News The May US Consumer Price Index (CPI) indicated a modest decrease in inflation, dropping to 3.3% from April’s 3.4%. This positively impacted the market, triggering a robust recovery in major crypto assets. Bitcoin’s price is currently heading towards the $70,000 mark. Simultaneously, Ethereum (ETH) has experienced an increase in buying activity and is now challenging significant…

Top crypto analyst Michael van de Poppe suggests a significant price increase for altcoins is imminent. Long-term investors and new traders alike are watching the market closely. These final buying opportunities may soon close as anticipation grows. The current bull run of 2024 has already started affecting market dynamics. Readers will gain valuable insights and timely information by delving into this analysis, ensuring they stay informed in these crucial moments. CYBRO Gets on Crypto Whale's Radar with Presale of Its…

Hong Kong banks are preparing to offer Bitcoin and Ethereum ETFs, promising a significant shift in the financial landscape. Regulatory approvals and talent acquisition are pivotal before these ETFs can be listed. As the financial landscape evolves, Hong Kong banks are gearing up to introduce Bitcoin and Ethereum ETFs to their clientele. Although mainstream brokerage firms have commenced the distribution of cryptocurrency spot ETFs, banks are pending entry. This initiative aligns with the recent CNF update where Hong Kong’s Securities…

The post Rising Meme Coins PEPE and BONK in Bearish Market Tease Bull Run appeared first on Coinpedia Fintech News The volatility is peaking as the crypto market crashes with the FOMC meeting and the inflation report coming on June 12th. However, certain meme coins like the PEPE and BONK are resurfacing as the optimistic eyes expect a recovery in this segment.  With the PEPE price jumping 5.41% last night and the  BONK ready for a morning star, the meme…

The post Altcoins Market Is Crashing – Here’s Why & What To Expect Now? appeared first on Coinpedia Fintech News When Bitcoin prices tend to drop, other altcoins often decrease in value too. Currently, Bitcoin’s market cap stands at $1.33 trillion, making up 55.62% of the total market value. This rise in Bitcoin dominance is drawing investors back to Bitcoin as a safe haven amid volatile market conditions, causing altcoins to crash. In the past week, the altcoin market has…