Thailand is set to roll out what was initially a controversial $13.8 billion digital cash handout program to stimulate its sluggish economy. Prime Minister Srettha Thavisin announced that eligible businesses and individuals could register for the program, dubbed the “Digital Wallet,” starting August 1, per AP News. Originally announced in April, the plan aims to …
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US crypto stocks started the week on a high note after Bitcoin reversed weeks of negative performance by trading near $63,000 today. This boost followed a strong weekend for the top crypto asset, driven by news of the assassination attempt of pro-Bitcoin candidate former President Trump. Yahoo Finance data showed notable gains for leading crypto …
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Bitcoin miners have reduced their selling activity, with $62 million worth of Bitcoin currently being held as the price surpasses $62,000. Post-April 2024 halving, miners initially escalated their selling to manage operational costs due to halved rewards. Bitcoin miner supply (Glassnode) The chart from Glassnode illustrates a noticeable decrease in the 30-day percent of mined …
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South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political party proposed the bill on July 12, citing the current negative sentiments around the crypto industry as the reason for the extension. They stated: “With investment sentiment toward virtual assets deteriorating, some argue that hasty …
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Digital asset investment products experienced consecutive inflows this month, with $1.44 billion recorded last week, per CoinShares‘ latest weekly fund flow report. This recent inflow raised the year-to-date total to a record $17.8 billion, surpassing the $10.6 billion inflows of 2021. However, trading volumes stayed low at around $8.9 billion, compared to the seven-day average …
QCP Capital reports that the cryptocurrency market is anticipating a Donald Trump victory in the upcoming U.S. election in November 2024. QCP drew a parallel to the attempted assassination of Ronald Reagan in 1981. QCP Capital: Unusual Bitcoin Buying Signals Market Confidence in Trump Bitcoin (BTC) peaked at an intraday high of $63,259 per coin …
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Over the past week, bitcoin and ethereum each gained 10% against the U.S. dollar. Several other crypto assets saw double-digit increases, with the meme token mog coin (MOG) leading the pack with a 54.9% rise. The week’s largest decliner was render token (RNDR), which fell by 7.19%. Top Crypto Performers of the Week Seven-day metrics …
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The crypto market is back in the green, with Bitcoin soaring above $60,000 and many altcoins benefiting. Meme coins are also up widely, with one notable case being the new token Base Dawgz. A trailblazing multi-chain meme coin, $DAWGZ, has reached a new major milestone: it raised $2.5 million in its multi-chain presale event. This …
Current market data indicates that bitcoin has increased by 48% against the U.S. dollar since Jan. 1, 2024. This implies that on that date, one tether (USDT) was exchanged for 0.00002368 BTC, whereas today, it’s valued at just 0.00001596 BTC. Concurrently, in addition to bitcoin’s rise against the dollar, its competitors like ETH, SOL, and …
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As of July 15, 2024, ethereum (ETH) maintains its bullish trajectory, showing promising signs across various technical indicators. With its current price at $3,341 and a market capitalization of $401 billion, ether has demonstrated strong performance over recent trading sessions. Ethereum The 1-hour chart illustrates ethereum’s short-term uptrend, moving from a low of $3,171 to …
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Bitcoin is currently priced at $62,612, with a 24-hour intraday price range of $59,302 to $63,259. The market capitalization stands at $1.23 trillion, and the 24-hour trade volume is $28.37 billion. Bitcoin The BTC/USD 1-hour chart indicates a recent uptrend starting from $59,302, peaking at $63,259. A consolidation phase followed this peak, with minor pullbacks …
An analyst known for longer timeframe crypto calls says that Bitcoin (BTC) and digital assets are in the midst of a “historic setup.” Pseudonymous analyst TechDev shares a chart with his 465,000 followers on the social media platform X showing the dominance of the crypto market cap against Tether’s USDT. TechDev’s chart suggests that the …
Widely followed crypto analyst Benjamin Cowen is mapping out how low Bitcoin’s (BTC) price could dip if a 2019-style correction unfolds. In a new video update, Cowen tells his 803,000 YouTube subscribers what could happen if the crypto king’s chart plays out like it did about five years ago. According to Cowen, if the top …
The US Securities and Exchange Commission has ended investigations into two crypto firms without initiating legal action. The U.S. Securities and Exchange Commission (SEC) has ended investigations into two cryptocurrency projects without initiating lawsuits. One investigation concerned stablecoin issuer Paxos’ role in the Binance USD stablecoin (BUSD). The SEC told Paxos on July 9 that …
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Crypto analytics firm Santiment says that digital asset markets have immediately adjusted to the attempted assassination of former president and 2024-hopeful Donald Trump. At a rally in Pennsylvania on Friday afternoon, Trump was shot in an apparent attempted murder, narrowly surviving with only minor wounds. According to Santiment, crypto markets immediately reacted to the assassination …
