Crypto Markets Today: Altcoins Show Signs of Life as Bitcoin Holds Key Support Above $88K
With bitcoin stabilizing near critical support, traders shifted into altcoins, sparking sharp rebounds across a market still gripped by extreme fear.
Bitfury exits Bitcoin mining to focus on $1B AI and crypto
Bitfury has already declared that it is leaving Bitcoin mining to start a $1 billion fund in support of artificial intelligence and decentralized technology. The company intends to invest Bitcoin-generated profits in the ventures that would ensure a mixture of ethical innovation and financial opportunity. The company, which has a co-founder Val Vavilov, announced it…
Ethereum Risks Further Short-Term Drops, But Gears Up For 100x Pump
The recent sell-offs in the crypto and stock markets caused Ethereum to lose its key support level, suggesting further short-term corrections ahead. A silver lining comes as Bitmine and Fundstrat’s Tom Lee predicts ETH’s Bitcoin moment, which could propel its price by over a hundred times. ETH Breaks Key Support Ethereum (ETH) has recently fallen below $3,000 on Tuesday, a price…
Analyst says XRP has only two realistic price paths after ETF adoption
XRP holders are debating the long-term impact of spot exchange-traded funds, and analyst Chad Steingraber believes the outcome is more… For the full story, head over to TheCurrencyAnalytics.com.
Saylor Rebuffs Suggestion Wall Street ‘Hurt’ Bitcoin
Strategy executive chairman Michael Saylor has shrugged off concerns that Wall Street’s entry into Bitcoin affected its price action and volatility. “I think we are getting a lot less volatility,” Saylor said when asked the question during an interview with Fox Business on Tuesday. Bitcoin (BTC) has fallen nearly 12% over the past week to…
BTC Market Stress Reveals a New Crypto Order
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin’s slide under $90,000 looked like the start of a broad…
How Far Can RentStac Go? Analysts Suggest RNS Could Potentially Reach $1
Growing Interest Around the Presale Momentum around RentStac is increasing as the (RNS) presale advances through its early stages. In a market that’s shifting toward structured models tied to real economic flows, several analysts have started monitoring the project more closely. The goal is to understand how the model fits into the expanding RWA sector…
Crypto Penetration In Asia-Pacific Estimated To Be Around 25%
A new survey revealed that almost a quarter of adults with internet access in the Asia-Pacific use crypto. Sentiment in the region toward cryptocurrencies has shifted from a focus on their speculative value to their intrinsic utility. The world of finance is undeniably undergoing a rapid transition from traditional to digital. A new report titled…
Mt. Gox moves $954 million in Bitcoin for creditor repayments as markets remain surprisingly calm
Bitcoin markets held steady on November 18 despite a major transfer linked to Mt. Gox, the collapsed cryptocurrency exchange that… For the full story, head over to TheCurrencyAnalytics.com.
Bitcoin November Average Gains Are ‘Skewed,’ Says Analysts
Analysts have questioned whether November deserves its reputation as Bitcoin’s historically “strongest month” after the cryptocurrency dropped 10% over the past seven days and briefly sank below $90,000. “Historical averages suggest strength, but those numbers are skewed and the current backdrop is anything but normal,” James Harris, the CEO of crypto yield provider Tesseract, told…