Crypto news
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Cryptocurrency
Bears Eye $82,500 Following Market Turmoil
As of the latest reports, Bitcoin has experienced a notable decline, dropping over six percent and currently trading just above the $95,000 threshold. Market analysts are observing the next significant support level, anticipated to be in the range of $91,000 to $92,000. The Impact of Federal Reserve Actions Recently, the Federal Reserve announced a reduction in interest rates by 0.25%, a move that was widely anticipated and factored into market…
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Cryptocurrency
Bears Eye $82,500 Following Market Turmoil
Current Bitcoin Market Status As of now, Bitcoin is experiencing a significant downturn, having dropped over six percent. It is currently trading just above the $95,000 mark. The cryptocurrency market is closely monitoring the next significant support level, anticipated to be between $91,000 and $92,000. Impact of Federal Reserve’s Recent Decisions The Federal Reserve’s decision to cut interest rates by 0.25% (25 basis points) was anticipated and largely absorbed by…
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Cryptocurrency
Coinbase Overtakes Nasdaq in Transaction Revenue: Analysts Foresee Continued Growth
In a remarkable development, Jamie Coutts, a renowned crypto analyst, highlighted that Coinbase, a leading cryptocurrency exchange, has outshone two of the globe’s largest securities exchanges in terms of transaction revenue. This significant achievement signals a shift in the financial landscape, where digital currency platforms are beginning to rival traditional financial institutions. Coinbase Surpasses Major Exchanges in Revenues According to Coutts, Coinbase has generated a remarkable $5.75 billion in revenue…
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Cryptocurrency
Coinbase Overtakes Nasdaq in Transaction Revenue: Analysts Forecast Continued Growth
In a recent analysis, Jamie Coutts, a renowned crypto analyst, highlighted that Coinbase has surpassed two of the world’s largest securities exchanges in transaction revenue. This achievement marks a significant milestone for the cryptocurrency exchange. Coinbase Surpasses Major Exchanges in Revenues According to Coutts, Coinbase generated an impressive $5.75 billion in revenue over the past 12 months. In comparison, NASDAQ, home to corporate giants like Apple, Google, and Microsoft, registered…
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Cryptocurrency
Mark Yusko Suggests Trump Acquiring XRP, BTC, and HBAR: Are New ETF Approvals on the Horizon?
Trump’s Bold Investments in Cryptocurrency Mark Yusko, the esteemed founder of Morgan Creek Capital Management, recently shared intriguing insights into former President Donald Trump’s approach to cryptocurrency investments. In a candid discussion, Yusko revealed that Trump and his son are making significant investments in digital assets such as HBAR and XRP. These cryptocurrencies are under speculation for potential approval as exchange-traded funds (ETFs) in the coming year. Additionally, Trump is…
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Cryptocurrency
Mark Yusko Suggests Trump is Investing in XRP, BTC, and HBAR: Are New ETF Approvals on the Horizon?
Mark Yusko, founder of Morgan Creek Capital Management, has shed light on former President Donald Trump’s evolving approach to the world of cryptocurrencies. According to Yusko, both Trump and his son are significantly investing in digital assets such as HBAR and XRP. These cryptocurrencies are anticipated to potentially gain approval for exchange-traded funds (ETFs) as early as next year. Additionally, Yusko mentioned that Trump is also heavily investing in Bitcoin,…
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Cryptocurrency
Bitcoin Drops to $96k Amid Market Turmoil
The cryptocurrency market has been facing turbulent times, with recent numbers indicating further decline. Today’s market cap has plunged by 5.04%, bringing it down to $3.34 trillion. Despite this downturn, trading volume only saw a slight decrease of 0.54%, landing at $264.08 billion. The Fear & Greed Index, a critical measure of market sentiment, currently stands at 62, reflecting a state of “Greed” amidst these challenging conditions. Bitcoin ETF Outflows…
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Cryptocurrency
Bitcoin Drops to $96k Amid Market Turmoil
In recent market developments, the cryptocurrency sector has experienced a notable decline. The overall market capitalization has contracted by 5.04%, reaching a value of $3.34 trillion. This downturn has also affected trading volumes, which have slightly decreased by 0.54% to $264.08 billion. Despite this backdrop, the Fear & Greed Index remains at 62, indicating prevailing “Greed” sentiments even amidst the market’s recent downturn. Bitcoin ETF Outflows Surge as BTC Dips…
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Cryptocurrency
XRP Price Forecast for December 20
Ripple’s XRP has recently experienced a downturn, declining by more than 2%, as it continues to navigate the volatile waters of the cryptocurrency market. Over the past few days, XRP has been fluctuating within a narrow range of approximately $2.20 to $2.70. This constrained movement on broader time frames indicates a momentary lull in significant price shifts. Evaluating Recent Market Movements The altcoin’s recent slight retreat has disrupted a previously…
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Cryptocurrency
XRP Price Forecast for December 20
Ripple’s XRP has recently entered the red zone, experiencing a decline of over 2 percent. Over the past few days, XRP has fluctuated within a range of approximately $2.20 to $2.70, indicating limited movement on broader time frames. Despite this recent pullback, XRP’s price remains within a potential bull market structure. Current Trading Range and Market Dynamics The altcoin’s price action has seen a slight retreat, leading to the invalidation…
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