Cryptocurrency markets fell on Wednesday, with total market cap dropping by around $16 billion to around $1.1 trillion, Bitcoin (BTC) dropping 1.5% to around $28,700 and Ether (ETH) dropping 1.1% to just above $1,800, where it is now finding support from its 200DMA. Downward moves in the crypto market come amid macro headwinds, with US…
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Blue chip cryptocurrency markets have seen limited to no reaction to the latest US Retail Sales figures for July, which should underpin optimism that the US economy remains far from recession. Bitcoin (BTC) was last trading in the $29,100s and Ether (ETH) in the $1,820s, with the latest data doing little to alter the macro…
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The U.S. Securities and Exchange Commission (SEC) has opted to postpone its decision on Ark Invest’s proposal for a Bitcoin ETF, continuing a longstanding challenge for cryptocurrency assets seeking inclusion on mainstream U.S. financial platforms. The SEC announced on Friday its move to solicit public opinion regarding a particular amendment in the Ark 21Shares Bitcoin…
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U.S. inflation metrics saw a notable rise recently, with the Consumer Price Index (CPI) experiencing a 3.2% increase over the past year leading up to July. Despite the financial development indicated by this data released by the Bureau of Labor Statistics (BLS) on Thursday, the performance of Bitcoin and Ethereum has been relatively lackluster, with…
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The United States Federal Reserve announced on Tuesday an enhanced oversight program concerning lenders’ interactions with cryptocurrencies. This decision follows a string of measures from U.S. regulators designed to curtail banks’ direct involvement in cryptocurrencies. In light of this macroeconomic development, what are the best cryptos to buy now?… Read More: Best Crypto to Buy…
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The Securities and Exchange Commission (SEC) is anticipated to give the green light to spot Bitcoin ETF applications from financial giants BlackRock and Invesco. According to Mike Novogratz, CEO of Galaxy Digital, the approval could occur within a four to six-month window. Considering this evolving macroeconomic circumstance, what are the best cryptocurrencies to buy now?……
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PayPal, the global payments giant, continued its journey into the cryptocurrency space with the launch of its own stablecoin today, PayPal USD (PYUSD). This development marks a significant stride since PayPal’s initial foray into the cryptocurrency industry in late 2020. Given this development, what are the best cryptos to buy now?… Read More: Best Crypto…
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One of the largest pieces of news impacting crypto markets today is that Coinbase has requested the dismissal of a lawsuit filed against them by the United States Securities and Exchange Commission (SEC), according to an announcement made today by Paul Grewal, the company’s Chief Legal Officer. Grewal disseminated the news on X, stating, “Coinbase…
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Hong Kong has taken a major step today in embracing cryptocurrency by granting a retail trading license to HashKey, making it the first platform in the country to receive such authorization. This development signals Hong Kong’s intent to become a crypto hub in Asia, providing easy access to digital assets for retail investors. In light…
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Bitcoin’s price plunged under the psychologically significant support level of $30,000 over the past week, reaching a close of $28,874 today. The Federal Reserve’s decision to increase the rate by 25 bps on July 26 seems to have been largely shrugged off by Bitcoin, however. As Bitcoin continues to consolidate, what are the best cryptos…
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