Category Archives: Blockchain

Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst

Bitcoin (BTC) is experiencing a rebound, nearing $58,000 as the crypto market recovers from last week’s decline. The largest cryptocurrency is up 1.7% over the past 24 hours and has risen nearly 10% since hitting a low last Friday. Other cryptocurrencies, including Ether (ETH) and Solana (SOL), have also seen gains of about 1.5%. Amid […]

Pi coin launch date is hard to predict: here’s why

Hopes for a Pi coin launch in 2024 are waning as concerns mount over the KYC verification process, falling cryptocurrency prices, and the absence of a robust ecosystem. The Pi Network’s IoU token has seen a dramatic decline, dropping over 75% from its peak earlier this year and now trading at its lowest levels since […]

Japan’s Metaplanet boosts Bitcoin reserves to nearly 400 BTC

japanbootsbtc

Japanese investment firm Metaplanet is intensifying its Bitcoin accumulation strategy, recently purchasing ¥300 million (approximately $2 million) worth of Bitcoin. This latest acquisition of over 38.4 BTC brings its total holdings to more than 398.8 BTC, valued at around $22.7 million based on current market prices. Metaplanet, which adopted Bitcoin as a reserve asset earlier […]

Bitcoin Retakes $57K, but Potential Positive Catalysts Are ‘Sparse,’ Says NYDIG

bitcoin57k

Bitcoin is experiencing a notable rebound on Monday, trading just above $57,000 and marking a 5% increase in the past 24 hours. This recovery follows a rough start to September, during which the price dipped below $53,000. Bitcoin’s performance has outpaced the broader market, with the Index gaining 4.2% and U.S. stocks, including the Nasdaq […]

Bitcoin reaches $55k as exchange net flows plunge

bitcoinup55k

Bitcoin has rebounded to the psychological $55,000 level, gaining 0.9% in the last 24 hours, despite recent bearish sentiment that briefly pushed it down to an intraday low of $53,650 on September 8. The leading cryptocurrency is currently trading at $55,000, with a notable increase in daily trading volume, which rose by 33% to reach […]

Bitcoin ‘Grossly Undervalued’ at Current Prices, Traders Say Ahead of CPI, Trump-Harris Debate Week

btcundervalued

Bitcoin remained relatively stable over the weekend, trading between $54,000 and $55,000. This stability followed a significant liquidation of crypto long positions after a U.S. jobs report suggested a weaker labor market. This week is packed with events that could impact the market, including a highly anticipated Presidential debate and the release of key U.S. […]

Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein

bitcoin90k

A recent report by Bernstein suggests that if Donald Trump wins the U.S. election in November, Bitcoin (BTC) could reach new highs, potentially hitting $90,000 by the fourth quarter. In contrast, if Kamala Harris secures the presidency, Bitcoin may drop below its current floor near $50,000, possibly testing the $30,000 to $40,000 range. The analysis […]

Ripple eyes $2 with new legal developments; RCO Finance is set to accelerate

Ripple-eyes

Ripple (XRP) is poised for significant price action, with recent legal developments suggesting it could soon reach $2. As the SEC case progresses, investor confidence in XRP continues to strengthen. Meanwhile, RCO Finance (RCOF) is gaining attention as a potentially stronger investment, driven by its AI-powered trading capabilities. Here’s a closer look at both. XRP […]

CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days

Block Kalshi Election

The Commodity Futures Trading Commission (CFTC) is making a last-ditch effort after losing a court case to U.S. prediction market platform Kalshi. Late Friday, the agency filed an emergency motion seeking a temporary stay of the court’s decision that favored Kalshi, which would block the platform from listing election markets for at least 14 days. […]

Crypto VC funding: Balance brings in $30m, Hypernative collects $16m

Crypto VC funding

Venture capitalists are significantly ramping up their investments in crypto-related funds this year, marking a stark contrast to the downturn experienced last year. According to a recent PitchBook report released on September 5, the median fund size has surged by 65.1%, reaching $41.3 million in 2024. Crypto-savvy investors are increasingly establishing midsized venture capital funds, […]