Meme coins have been gaining popularity in the cryptocurrency market, with traders witnessing massive gains within a short period of time. One such example is the Pepe (PEPE) token, which saw an 800% increase in valuation over the past year. However, it is important to note that investing in these volatile assets can be risky
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The world of non-fungible tokens (NFTs) and the cryptocurrencies associated with them saw significant growth during the 2021 crypto bull run. However, as interest in the sector has waned, certain coins have shown resilience and continued development. Market intelligence platform Santiment recently compiled a list of the top 10 NFT-related cryptocurrencies based on “notable development
As the upcoming US presidential elections draw near, the spotlight is on contenders such as Donald Trump, Kamala Harris, and Robert Kennedy. Polls indicate that Trump and Harris are the frontrunners, with Kennedy lagging behind with less than 10% support. While Trump’s pro-crypto stance has been noted, Harris’s potential victory could have the opposite effect
Ferrari, the renowned Italian luxury sports car manufacturer, has recently revealed its plans to broaden its cryptocurrency payment system to its network of European dealers starting at the end of July. By the year 2024, the company aims to extend its crypto transaction options to additional countries within its global dealership network where digital currencies
The launch of spot Ethereum ETFs last Tuesday was met with initial enthusiasm, as evidenced by the $106 million in net flows on the first day. However, this optimism quickly dissipated as the following days saw significant outflows totaling $341.8 million. In comparison, spot Bitcoin ETFs had a much more successful start, with inflows totaling
The cryptocurrency industry has faced a series of ups and downs in 2024, with the approval of exchange-traded funds (ETFs) tracking Ethereum’s performance by the US Securities and Exchange Commission being one of the highlights. While the initial enthusiasm surrounding the ETF launch led to substantial inflows, the market quickly turned sour in the following
The CEO of VanEck, Jan van Eck, recently shared his thoughts on Bitcoin during the BTC Conference in the United States. Van Eck emphasized the importance of Bitcoin in the modern financial landscape, stating that over 30% of his portfolio is allocated to this primary digital asset. VanEck is a prominent player in the investment
Kennedy’s proposal for the federal government to purchase Bitcoin until it matches the value of the nation’s gold reserves is a bold and controversial idea. With US gold reserves currently valued at around $615 billion, acquiring 9.4 million BTC would make up almost 45% of the total Bitcoin supply. This move raises questions about the
Despite the excitement surrounding the launch of several Ethereum ETFs this week, the price of Ethereum actually experienced a significant drop of over 10%. This unexpected turn of events transformed the ETF launch into a sell-the-news moment for investors. The support level at $3,300 has now turned into a resistance level, potentially pushing ETH down
Friday, July 26, marks a significant event in the crypto market as around 61,200 Bitcoin options contracts with a notional value of approximately $4.26 billion are set to expire. This expiry event is larger than usual due to the month-end timing. Despite the launch of spot Ethereum ETFs in the United States, the spot markets