Aggregate cryptocurrency market capitalisation declined by over 2 percent, with Bitcoin reaching a low of $62,489 in the past 24 hours, following a selloff in global chip stocks that impacted the crypto markets. The recent AI frenzy that captivated global markets has diminished as investors began to scrutinise the inflated valuations within the technology sector. … Read more
In the middle of a new wave of profit booking, the excitement in cryptocurrency markets that followed the U.S. inflation data that were lower than anticipated faded. The selloff tempered the ascent in cryptocurrency prices, leading to a decline in overall crypto market capitalisation of approximately half a percent overnight. Inflows to U.S.-listed Bitcoin Spot … Read more
Due to a fresh round of strikes between the US and Iran, Bitcoin’s price fluctuated slightly over the last 24 hours, and it is currently having difficulty staying over $64,000. Most larger-cap altcoins have exhibited sideways movement over the past day, with the exception of ZEC and DEXE. The latter has recorded a substantial double-digit … Read more
Anticipation surrounding the U.S. listing of South Korean memory chip leader SK Hynix, along with a pause in the renewed U.S.-Iran conflict, has positively influenced sentiment in the cryptocurrency market. Overall crypto market capitalisation saw a rise of more than 2 percent in the past 24 hours, with Bitcoin hitting a high of $64,556 during … Read more
Cryptocurrencies have experienced a downturn in the last 24 hours as market participants processed information from the prominent Bitcoin treasury firm Strategy Inc. The most recent filing from the company has unsettled sentiment within the cryptocurrency market, which had previously been buoyed by the softer jobs data emerging from the U.S. On Monday, the Virginia-headquartered … Read more
After rising from the $1.05 support zone, XRP is making a notable attempt at recovery in weeks. The asset has rapidly accelerated and is presently examining the area near the 50-day EMA, which has acted as a resistance point throughout the ongoing downturn. Despite the recovery, XRP’s technical market structure remains in a bearish state. … Read more
XRP holders are experiencing greater losses on average than at any previous time, as indicated by onchain data that certain traders interpret as a potential contrarian floor signal. The reading derives from MVRV, or market value to realised value, a ratio that juxtaposes XRP’s price with the average price at which its supply last transitioned. … Read more
AI and cryptocurrency payments are increasingly intertwined in discourse, as autonomous agents may require more than mere intelligence to function effectively in commercial settings. They would also require a mechanism to transfer value independently of payment systems primarily designed for human utilisation. For Alex Kozenko, infrastructure stands as the pivotal concern. The essential observation is … Read more
Cryptocurrencies saw a notable surge in the past 24 hours, driven by recent comments from Federal Reserve Chair Kevin Warsh. Bitcoin reached a 24-hour high of 61,323, while the overall cryptocurrency market capitalisation saw an increase of nearly 4 percent during this period. During the ECB Central Banking Forum held in Sintra, Portugal, the newly … Read more
After a tough June marked by considerable losses in the majority of the leading cryptocurrencies, the crypto markets have entered July with a cautious outlook. Concerns about a potential increase in interest rates by the Federal Reserve, which has strengthened the dollar, along with the increase in bond yields, have persistently impacted sentiment in the … Read more
