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Cryptocurrency News

Location American Cryptocurrency News for 31 July 2024
Russia to Initiate Crypto Payments Internationally by Year-End, Central Bank Governor Says Russia plans to launch international cryptocurrency payments by the end of the year to counter Western sanctions, according to the governor of the Bank of Russia. The central bank is prepared to be flexible and is alread...
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Michael Saylor Projects Bitcoin Price at $49 Million in 2045 Bull Scenario Microstrategy’s executive chairman, Michael Saylor, predicts that by 2045, bitcoin’s price could range from a bear case of $3 million to a bull case of $49 million, with a base case of $13 million. He highlighted bit...
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Goldman Sachs CEO Clarifies His Stance on Bitcoin

Bitcoin.com - 31 Jul 2024 02:25
Goldman Sachs CEO Clarifies His Stance on Bitcoin Goldman Sachs CEO David Solomon clarified his stance on bitcoin during a CNBC interview, where his prior skepticism and the recent political focus on bitcoin were discussed. Although he acknowledged bitcoin’s volatilit...
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Sen. Lummis introduces Bitcoin Strategic Reserve bill in Senate The pro-crypto Wyoming senator hopes the United States will purchase 5% of Bitcoin's total supply as a strategic reserve asset.
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Bitcoin Tumbles Below $65K Post-FOMC as Middle East Tensions Flare The price action happened as Iran's leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.
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Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which hav...
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'Whales are preparing for the next altcoin rally' -- CryptoQuant founder According to pseudonymous crypto trader Mags, the altcoin market broke out after 525 days of accumulation and will likely resume an uptrend.
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How low can the Bitcoin price go?

Coin Telegraph - 1 Aug 2024 00:05
How low can the Bitcoin price go? Bitcoin's latest rejection at $70,000 has presented some support levels below where a BTC price downtrend might stop.
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Market Volatility Surges Amid Global Uncertainty, Says QCP Capital Recent analysis from QCP Capital highlights the intensifying macroeconomic volatility, driven by various factors including equity market sell-offs, unwinding currency trades, and fluctuating commodity prices. QCP Capital...
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Coinbase L2 Base hosts 80% of active Uniswap traders -- Token Terminal Coinbase's layer-2 blockchain hosts approximately 80% of Uniswap's monthly active traders.
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Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.
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No Rate Cuts Yet: Fed Maintains Rates at Historic Highs The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has ...
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Price analysis 7/31: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Bitcoin bulls have held the $65,000 level, but BTC and altcoin charts show it's too early for traders to expect a short-term trend reversal.
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Tether Posts $5.2 Billion Profit in First Half of 2024 Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether...
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Hashrate recovery reduces Bitcoin miners' selling pressure in July Miner revenues soar 50%, pushing Bitcoin hashrate higher and reducing selling pressure from miners' reserves.
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Does the SEC Really Have Jurisdiction Over NFT Art? Two Artists Sue SEC to Get an Answer Two American artists filed suit against the U.S. Securities and Exchange Commission (SEC) on Monday, seeking a declaratory judgment from a Louisiana court that their forthcoming non-fungible token (NFT) projects would no...
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The Anatomy of a Crypto Bull Market

Coin Desk - 31 Jul 2024 21:13
The Anatomy of a Crypto Bull Market Analyzing previous crypto market cycles helps us understand the current one, says Kelly Ye, head of research at Decentral Park Capital.
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Arthur Hayes reveals philosophy behind 'Airheads' Ordinals collection Users can choose to complete quest-like directives to receive Airheads or outright purchase the inscribed art through a "Whale Pass."
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Investor Surveys Reveal Strong Interest in Digital Assets Research from EY-Parthenon shows that many institutional and retail investors want to increase allocations to digital assets and digital assets related products, Prashant Kher, Senior Director at EY-Parthenon.
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'Crypto President High Tops' -- Trump Reveals Limited Edition Bitcoin Sneakers Former U.S. President Donald Trump announced through a recent post on Truth Social that he is launching a line of Bitcoin-themed sneakers. "Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday. It was...
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Bitcoin Price Shrugs Off Latest $2B Mt. Gox Transfer as Distribution Nears Its End Bitcoin holdings of Mt. Gox wallets are down to $3 billion from $9 billion a month ago, Arkham data shows.
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Crypto Fear and Greed Index Shows 'Greed' Despite Bitcoin's Price Drop While bitcoin briefly reached the $70,000 mark on July 29, the price has since declined. Over the past week, BTC has decreased by 0.6%. During the last 18 days, the Crypto Fear and Greed Index (CFGI) has transitioned fro...
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