Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Did the U.S. Order Telegram Founder Pavel Durov’s Arrest? Russia’s Top Internet Censor Makes Big Claims
The post Did the U.S. Order Telegram Founder Pavel Durov’s Arrest? Russia’s Top Internet Censor Makes Big Claims appeared first on Coinpedia Fintech News Russia’s leading internet regulator suggests that the U.S. was behind the arrest of Telegram co-founder Pavel Durov. The arrest, which took place on August 24th at a French airport, has sparked concerns that Washington may have been targeting the TON cryptocurrency. Durov, who holds dual citizenship with France and the United Arab Emirates, was detained at…
10 months ago
Crypto Markets Eye Key US Economic Events This Week as Bitcoin Clings to $64,000
Cryptocurrency traders and investors are closely monitoring key events on this week’s US economic calendar. As Bitcoin (BTC) maintains a price above $64,000, these events could trigger significant market fluctuations. The crypto market, largely driven by retail investors, remains susceptible to economic pressures and regulatory uncertainties. With these factors at play, traders are eager to see how the week unfolds. Key US Economic Events This Week Bitcoin is eyeing further gains, supported by the Federal Reserve’s recent dovish tone. This…
10 months ago
300,000 Ethereum Transfer Sparks Shock At Leading US Exchange
In a new development that is creating ripples in the cryptocurrency space, Whale Alert, one of the top blockchain trackers, has detected two huge Ethereum (ETH) transfers heading to Coinbase. Each transfer involved 150,000 ETH, totaling a staggering 300,000 ETH at nearly $395 million. These transactions were carried out consecutively. Ethereum: Market Reaction And Speculation Big movements typically spark speculation. Large cryptocurrency flows into Coinbase mean the sender may be selling. Increasing availability could lower market prices. Despite Ethereum’s 3.25%…
10 months ago
Bitcoin (BTC) Price Skyrocket To $64K as RFK Jr. Backs Trump & Exit From U.S. Election
The post Bitcoin (BTC) Price Skyrocket To $64K as RFK Jr. Backs Trump & Exit From U.S. Election appeared first on Coinpedia Fintech News On Friday, the crypto market saw a significant rise after two major events, firstly Robert F. Kennedy Jr. announced he would drop out of the 2024 U.S. presidential race and endorse former President Donald Trump, and Federal Reserve Chair Jerome Powell hinted at possible rate cuts soon. These announcements led to Bitcoin (BTC) jumping 5.5% in…
10 months ago
The U.S. Debt Crisis and Bitcoin Reserves: Comments and Outlook from Bitharvest CEO Logan
The post The U.S. Debt Crisis and Bitcoin Reserves: Comments and Outlook from Bitharvest CEO Logan appeared first on Coinpedia Fintech News As we progress through 2024, the U.S. debt issue has become increasingly severe. Recent data shows that the total U.S. debt has reached a historical high, with many economists predicting that the country may face the risk of bankruptcy in the coming years. Against this backdrop, Bitcoin reserves are seen as a potential lifeline that could help the…
10 months ago
All Eyes on Bitcoin as US Dollar Index Hits 2024 Lows
All eyes are on Bitcoin (BTC) after it reclaimed the $61,000 mark, following the release of the Federal Open Market Committee (FOMC) minutes. The recent price movement has reignited interest in the cryptocurrency, especially given Bitcoin’s correlation with global liquidity. This correlation also draws attention to the US dollar index (DXY), as changes in the DXY can impact BTC. Typically, when the dollar weakens, Bitcoin strengthens due to investors seeking alternative assets. DXY Records New 2024 Lows: a Look at…
10 months ago
Crypto Legislation 2024: How GOP Senate Hopes to Reshape US Crypto Regulations
The post Crypto Legislation 2024: How GOP Senate Hopes to Reshape US Crypto Regulations appeared first on Coinpedia Fintech News As the window for crypto legislation in 2024 narrows, key Republican figures, including Sen. Cynthia Lummis (R-Wyo.) and Sen. Tim Scott (R-S.C.), at Wyoming Blockchain Symposium 2024 remain optimistic about passing meaningful crypto laws this year. Politics to Drive Crypto Regulation Speaking at the SALT Wyoming Symposium, they highlighted the ongoing work in the Senate Agriculture Committee as a potential…
10 months ago
Robert Kiyosaki Stark Warning: U.S. Debt Crisis Highlights Need for Gold, Silver, and Bitcoin
The post Robert Kiyosaki Stark Warning: U.S. Debt Crisis Highlights Need for Gold, Silver, and Bitcoin appeared first on Coinpedia Fintech News Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” raised a stark warning about the U.S. debt crisis, urging individuals to consider investing in gold, silver, and Bitcoin as a hedge against the looming economic uncertainty. U.S. Debt Growing Immensely In a recent tweet, Robert Kiyosaki highlighted the enormous scale of U.S. debt, comparing a trillion dollars…
10 months ago
Bitcoin on the Brink: Will U.S. Jobs Report Trigger a Bear Crash or a Bull Rally?
The post Bitcoin on the Brink: Will U.S. Jobs Report Trigger a Bear Crash or a Bull Rally? appeared first on Coinpedia Fintech News Major cryptocurrencies fell on Wednesday as the market prepared for the upcoming U.S. jobs report and anticipated speeches from policymakers likely to advocate for interest rate cuts. However, Bitcoin’s price dropped by 2%, trading at $59,456, which has investors worried as it hovers near important support levels. As the market awaits more details, the big question…
10 months ago