Market

The post 2024 Crypto Renaissance: Unveiling the Top 5 Gems Ready to Ignite the Market appeared first on Coinpedia Fintech News As crypto enthusiasts search for the most rewarding big crypto of 2024, the spotlight seems to be falling on different cryptos, including NEAR Protocol, Sei (SEI), Binance (BNB), Chiliz (CHZ), and KangaMoon (KANG). NEAR Protocol showcased a major dominance on the crypto charts as its price surged by around 266% YTD, propelled by the announcement of its partnership with…

The post Third-Largest US Bank Reveals Spot Bitcoin ETF Exposure, Igniting Market Optimism appeared first on Coinpedia Fintech News Wells Fargo, the third-largest U.S. bank, has disclosed its spot Bitcoin ETF exposure, fueling optimism in the market. In fact, the wealth manager joins a growing list of firms welcoming Bitcoin ETFs, according to a new filing with the SEC. This step follows the spot ETF approval on January 11, with Wells Fargo holding positions in Grayscale’s Bitcoin ETF, ProShares Bitcoin…

Decentralized and open-source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2400% price increase year-to-date.  While Bitcoin (BTC) and other major cryptocurrencies experience price corrections, the Akash Network and its native token are surging at a remarkable pace. To comprehend the driving factors behind this uptrend, it is crucial to delve deeper into what the Akash Network represents and its underlying technology. What…

FTX and its affiliate Alameda Research have liquidated a significant portion of their cryptocurrency assets, totaling $98 million in April. FTX creditors are expressing discontent with the proposed plan while demanding settlements in cryptocurrency rather than fiat currency. In April, FTX, along with its affiliate Alameda Research, liquidated a substantial portion of its cryptocurrency assets, totaling $98 million. Notably, the bankrupt FTX exchange has been selling off its Solana (SOL) holdings to reimburse its customers, a trend that may continue…

The post Bitcoin Open Interest and Derivative Market Remains Indecisive appeared first on Coinpedia Fintech News Bitcoin is currently trading at $62,925, experiencing an intraday drop of 0.23%. The open interest is at $14.859 billion with the Taker Buy Ratio balanced at 0.49, suggesting equal footing between buying and selling pressures. Additionally, the shift in the funding rate from 0.0055 to -0.0004012 indicates a reduction in leverage use, reflecting traders’ caution amid uncertain market directions. However, Bitcoin may stabilize around…

Binance has refuted allegations bordering on market manipulation. The trading firm has launched new loanable assets to sustain its dominance in the market. Crypto exchange Binance has addressed allegations of wash trading activities, involving a major client, DWF Labs. Reports claim DWF Labs engaged in wash trading worth $300 million over the past year, artificially inflating the prices of certain cryptocurrencies, including Yield Guild Games. Binance Denies Involvement with DWF Labs In response to these accusations, Binance posted on its…

The post 5 Cryptos That Can Reach $1B Market Cap in 2024 appeared first on Coinpedia Fintech News The crypto market is abuzz with the current bull run. Investors are closely watching which cryptocurrencies could break through to a $1 billion market valuation next year. This surge in value is a momentous event for any coin. The article ahead delves into five promising candidates, analyzing their potential to hit this significant milestone. It offers insights into the factors that might…

The post Crypto Market Overview: ETH Price Reclaims $3K Mark As Bitcoin Achieves $63,000! appeared first on Coinpedia Fintech News The cryptocurrency market leader, BTC price, has reclaimed the $63,000 mark after witnessing a jump of 3.28% within the past day and a 24-hour trading volume of $25.429 Billion or 403,279 BTCs, a jump of +5.44% over the past day. Moreover, Bitcoin has a dominance of 53.3% with a market capitalization of $1.241 Trillion, whereas the leader of altcoins, Ethereum…

The post Harvest Global Eyes China Market with Spot Bitcoin and Ethereum ETFs on Stock Connect appeared first on Coinpedia Fintech News Han Tongli, the Chief Executive Officer of Harvest Global Investments, indicated that his firm might seek approval to list spot Bitcoin and Ethereum exchange-traded funds (ETFs) on the Stock Connect scheme. Their listing is expected to potentially give investors from mainland China direct access to these products in about two years.  During the Bitcoin Asia conference in Hong…