Binance Square
Start
Avisering
Profil
Populära artiklar
Nyheter
Bokmärk och gillad
Kreatörcenter
Inställningar
LIVE
LIVE
DeFiDynamo
--・900 views
Bitcoin's price has seen a slight dip, currently trading below $70,000 after reaching a 6-week peak of nearly $72,000. This follows news that the US Securities and Exchange Commission (SEC) could approve a spot Ethereum ETF this week. Despite the dip, Bitcoin's market cap remains at $1.370 trillion, with its dominance over altcoins at 50.3%. Ethereum, on the other hand, has experienced a surge in anticipation of the SEC's decision, with its price remaining steady at around $3,800. The news has had a significant impact on Ethereum, causing a 20% increase in its value in just a few hours. Other altcoins such as TON and NEAR are also performing well, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB have seen a decline. The total crypto market cap remains stable at just under $2.730 trillion. The market's response to the potential Ethereum ETF approval indicates a positive outlook for the blockchain industry.

Bitcoin's price has seen a slight dip, currently trading below $70,000 after reaching a 6-week peak of nearly $72,000. This follows news that the US Securities and Exchange Commission (SEC) could approve a spot Ethereum ETF this week. Despite the dip, Bitcoin's market cap remains at $1.370 trillion, with its dominance over altcoins at 50.3%.

Ethereum, on the other hand, has experienced a surge in anticipation of the SEC's decision, with its price remaining steady at around $3,800. The news has had a significant impact on Ethereum, causing a 20% increase in its value in just a few hours.

Other altcoins such as TON and NEAR are also performing well, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB have seen a decline. The total crypto market cap remains stable at just under $2.730 trillion. The market's response to the potential Ethereum ETF approval indicates a positive outlook for the blockchain industry.

Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Kan innehålla sponsrat innehåll. Se användarvillkor.
0
Utforska de senaste kryptonyheterna
⚡️ Var en del av de senaste diskussionerna inom krypto
💬 Interagera med dina favoritkreatörer
👍 Ta del av innehåll som intresserar dig
E-post/telefonnummer
Relevant kreatör
LIVE
DeFiDynamo
@Square-Creator-4d9133506

Utforska mer från Creator

MicroStrategy, the NASDAQ-listed business intelligence software firm, has increased its target for a convertible senior note offering from $500 million to $700 million, a day after the initial announcement. The funds are intended for the purchase of more Bitcoin (BTC) and other corporate purposes. The firm has been using various funding methods, including debt, to accumulate more BTC since its first purchase in August 2020. The company now owns 214,400 BTC, over 1% of Bitcoin's total supply, and despite a retracement from its all-time high in March, it still holds an unrealized profit of $6.6 billion. MicroStrategy's share prices, heavily influenced by Bitcoin's movements, have soared by triple digits since the start of the year. The firm's shares entered 2024 at just under $700, fell to below $500, but have since risen to over $1,900, following Bitcoin's surge. Despite a retracement since the March peak, the shares are still up 120% YTD, closing Friday at $1,495. The optimistic market outlook suggests a promising future for both Bitcoin and MicroStrategy.
--
KuCoin Research's recent report reveals that cryptocurrency investments in May reached $1 billion, a slight decrease from April but a 10.61% increase from May 2023. The report suggests a continued interest and potential growth in the industry, despite a 6.4% decline from the previous month. Institutional investors showed a strong preference for Ethereum, EVM chains, and L2 networks such as Arbitrum and Polygon. Non-EVM chains like Solana, Bitcoin, Fantom, and TON also attracted significant institutional investment. Major Chinese institutions remained active, investing in emerging technologies and public chain networks. Investors' focus shifted towards memes, celebrity tokens, emerging narratives, and low market cap assets, with Notcoin emerging as a major beneficiary. The report also noted the impact of recent US regulatory developments on the crypto market's legal and operational landscape, introducing new challenges and considerations for investors. Despite these challenges, the overall market sentiment remains optimistic.
--
In the upcoming US presidential elections, Donald Trump has positioned himself as a pro-crypto candidate, promising to support Bitcoin (BTC) and the crypto mining industry if elected. AI chatbot ChatGPT predicts that Trump's potential victory could spur a BTC price rally, possibly reaching the $100,000 milestone. Trump's proposed increase in Bitcoin mining efforts and his opposition to a Central Bank Digital Currency (CBDC) could positively influence Bitcoin's price. However, ChatGPT also highlights that broader economic conditions such as inflation, geopolitical stability, and monetary policy could significantly impact BTC's valuation. The Federal Reserve's handling of inflation and interest rates could influence the crypto market, potentially increasing interest in risk-on assets like BTC. Despite recent lower-than-expected inflation rates, the Fed's decision to maintain current rates led to a BTC price decline. This news is not directly related to DeFi or BRC 20.
--
Blockchain intelligence firm TRM Labs reports a significant increase in cryptocurrency deposits to Chinese drug precursor manufacturers in early 2024, more than doubling compared to the same period in 2023. In 2023, these networks received over $26 million in cryptocurrency, with 97% of the 120 manufacturers studied offering payment options in digital currencies. Bitcoin remains the dominant cryptocurrency for these transactions, accounting for approximately 60% of the total payment volume. The TRON blockchain saw about 30% of transactions, while Ethereum was used for roughly 6%. The report also highlighted that 11 manufacturers were responsible for over 70% of all crypto-denominated sales of drug precursors. These manufacturers receive funds from unhosted wallets, cryptocurrency exchanges, and payment services, with their wallets most commonly hosted at exchanges. In addition to cryptocurrencies, Chinese manufacturers also accept fiat currencies through platforms like PayPal, MoneyGram, Western Union, and traditional bank transfers. The report revealed that Chinese drug precursor manufacturers mainly target countries including Canada, the Netherlands, Australia, Germany, and the United States. China's role in the global illicit fentanyl trade has been highlighted, with the country manufacturing over 97% of the precursors used.
--
In the latest Bitcoin price analysis, the cryptocurrency has failed to hold above the $66K mark, indicating a correction phase. Despite this, optimism remains as the bull market may not be over yet. The Relative Strength Index (RSI) has dropped below 50%, suggesting a bearish momentum and a possible decline towards the $60K support zone. However, the 4-hour chart presents a more positive picture, with the price consolidating within a horizontal channel. Despite a recent dip below the channel, the price quickly rebounded. If the price remains within the channel, it could test the upper boundary around $72K. Conversely, if the channel breaks down, a drop towards $60K could be imminent. Despite the current correction, the market outlook remains positive.
--

Senaste nytt

Farcaster Co-Founder Dan Romero Clarifies Warpcast's Focus on English-Speaking Users
--
Catizen Gaming Project Surpasses 20 Million Users, Over 500,000 Paying Customers
--
BAKE Experiences Brief Surge, Followed By Rapid Decline
--
Decentralized Social Protocol Farcaster Surpasses $1.79 Million in Total Revenue
--
Arweave Founder Announces Upcoming Use of FHE for Privacy Computation in AO Process
--
Visa mer
Webbplatskarta
Cookie Preferences
Plattformens villkor
Webbplatskarta
Plattformens villkor
ba-one-trust-cookie