Author: admin
The cryptocurrency market was on edge this week due to the release of important data from the United States. From inflation rates to retail sales, the data offered many lessons for digital asset enthusiasts. Here are the top three key lessons crypto investors should keep in mind when reading this week's economic data: Fed cuts interest rates Both the CPI and PPI data suggest that inflation is higher than the market had expected. The U.S. PPI inflation data was released at the same time as the weekly unemployment rate data. Wholesale inflation peaked in February, according to U.S. PPI inflation…
Ever since Bitcoin ETFs were introduced, there has been some great trading in the crypto market. But another big factor that could lead to significant price increases is the increase in US debt. Total US debt currently stands at $34.5 trillion. Their sheer numbers have raised concerns over the deterioration and reliability of government assets.Rising US Debt Helps Cryptocurrencies RiseUS debt is currently at an all-time high. This has made investors wary of traditional financial markets and heightened uncertainty about the Federal Reserve's decision to cut interest rates and devalue the currency. The Bitcoin market has so far shown resilience…
Yet another Solana-based meme coin has made headlines by surging over 5000% in a single day. BOOK OF MEME (BOME) attracted a lot of attention from investors and traders as the token hit his billion-plus market cap on the second day of trading. With this, Memecoin officially entered the top 100 cryptocurrencies with a symbolic increase of almost 372% in the past 24 hours. Furthermore, this token is the fifth most traded token excluding stablecoins, with a trading volume of over $3.5 billion. That being said, is this a concern for other top meme coins such as DOGE, SHIB, PEPE,…
At a time when the cryptocurrency community appears to be in shock. Investing in BTC ETF, altcoins like Shiba Inu (SHIB) are offering people an alternative way to expand their profits. The dog-themed meme coin has been performing extremely well after releasing a significant development upgrade. These developments included a new marketing campaign with massive hoarding in New York's Times Square and a record surge in active addresses. Shiba Inu dogs have become a hot topic as they are now available for purchase on Singapore's largest exchange, Coinhako. Analysts say these events could push the price of the Shiba Inu…
Yesterday, the major cryptocurrencies hit new all-time highs of around $74,000, but the bears gained momentum and pushed them to weekly lows. Altcoins have also fallen significantly in the past 24 hours, with prices of XRP, ADA, AVAX, DOGE, SHIB, etc. plummeting by double digits. Bitcoin daily decline Bitcoin's price movement over the past few weeks has been surprising. Since breaking above $50,000, the asset has only been pointing north, culminating last week with a 2021 all-time high of $69,000. However, BTC was just getting started and continued to rise even after recovering from an almost inevitable correction. As a…
Ever since Bitcoin ETFs were introduced, there has been some great trading in the crypto market. But another big factor that could lead to significant price increases is the increase in US debt. Total US debt currently stands at $34.5 trillion. Their sheer numbers have raised concerns over the deterioration and reliability of government assets. Rising US Debt Helps Cryptocurrencies Rise US debt is currently at an all-time high. This has made investors wary of traditional financial markets and heightened uncertainty about the Federal Reserve's decision to cut interest rates and devalue the currency. The Bitcoin market has so far…
Bitcoin (Cryptocurrency: BTC) accelerated its price gains during Friday's 24-hour trading session, with bulls moving in and buying the dip at the 21-day exponential moving average (EMA), briefly over 8% before the cryptocurrency rebounded. It fell. Just off the low of the day.Weekly inflows into cryptocurrencies hit a record $3.4 billion, and although Bitcoin slumped on Thursday and Friday, the cryptocurrency has surged about 60% since market close on Dec. 31, 2023.Enter to win $500 in stocks or cryptoEnter your email address to get Benzinga's Ultimate Morning Update, a free $30 gift card, and more.Explaining the strong bullish cycle that…
Once the SEC approved the BTC Spot ETF, it was only a matter of time before a new BTC ATH appeared. As well as 11 spot ETFs, we also have new Dencun upgrades just in time for the Ethereum and Bitcoin halvings. Solana is in the middle of all this, and its price continues to rise. So, let's see if Solana can reach a new ATH with the current market rally. Tristan Frizza, CEO and Founder of Zeta Markets, talks about the current situation Tristan Frizza, CEO and Founder of Zeta Markets, provided his thoughts on the current situation. He…
When evaluating Monero casinos and choosing the best one to recommend, we take into account a variety of factors. Here I will explain what I look for and what you should keep in mind when choosing which Monero gambling site to play on. Casino game selection One of the first things I look at when evaluating a Monero casino is how large the selection of games is. Having access to more games means you are less likely to get bored with the casino and want to switch to another platform. The total number of games a casino offers is important,…
A federal jury in Washington has convicted the Russian-Swedish operator of cryptocurrency mixing service Bitcoin Fog. The Department of Justice announced in a statement that Roman Sterlingoff was found guilty of money laundering conspiracy, decoy money laundering, operating an unauthorized money transfer business, and violating the D.C. Money Transfer Act. The jury also found that related assets included $349,625 worth of Bitcoin (BTC), Ethereum (ETH), Monero (XMR), and Stellar (XLM) stored in the Kraken account and 1,354 BTC stored in the Bitcoin Fog wallet. The US government has given the go-ahead for the confiscation of crypto assets. Evidence shows that…