Bitcoin, the leading cryptocurrency, experienced a 2.9% price increase on Friday, surpassing $67,000 for the first time since April 24. This surge has been linked to low inflation levels reported in the latest Consumer Price Index (CPI) data. However, Bitcoin’s price is influenced by various factors, including the supply of stablecoins. According to the blockchain
The cryptocurrency market has been witnessing a surge in the past few days, with major assets like Bitcoin making significant gains. In particular, the price of Bitcoin shot up from $61,000 to over $67,000, marking a remarkable comeback after a month of stagnation. Popular blockchain analytics firm CryptoQuant has delved into the on-chain data to
Crypto exchange Coinbase has expressed optimism regarding the approval of spot Ethereum ETFs by the SEC. Analyst David Han believes that there is a 30% to 40% chance of approval by the end of the month. Han points to the correlation between CME futures products and spot exchange rates as a factor that could lead
Polkadot (DOT) has recently gained attention from crypto analysts who are optimistic about its future performance in the market. One such analyst, Michaël van de Poppe, has put forward a bullish narrative for the crypto asset. According to van de Poppe, Polkadot has the potential to rise to as high as $25 in the current
In the realm of meme coins, the Solana market has recently witnessed an impressive surge in the price of ETF token. In just 24 hours, ETF token experienced a remarkable increase of +207%, sparking a flurry of interest among crypto enthusiasts. As of the latest data, ETF token is currently trading at $0.00134, marking a
In the world of cryptocurrency markets, the variables that impact price action are crucial for analysts and investors to grasp. Ali Martinez, a reputable expert in the field of cryptocurrencies, recently delved into the fluctuations in Bitcoin’s price by applying basic economic theory related to supply and demand. It is important to recognize that the
Oklahoma has made history by becoming the first state in the United States to officially protect the right to self-custody Bitcoin through the enactment of a groundbreaking bill. This legislation, known as the ‘Bitcoin Rights’ bill or HB3594, was signed into law by Republican Governor Kevin Stitt, marking a significant step forward in the realm
The global cryptocurrency market capitalization has experienced a slight decline of 0.6% in the past 24 hours, bringing it to $2.49 trillion. Despite this overall decrease, there have been some notable fluctuations among the top 100 coins by market cap. Stacks (STX) saw the largest drop, falling by 9% to $1.97, while BONK followed with
Reddit’s stock rose by 13.5% following the announcement of a data-sharing deal with OpenAI, the brains behind the AI chatbot ChatGPT. This collaboration will grant OpenAI access to Reddit’s data API, enabling real-time content retrieval from posts on the platform. The partnership aims to enhance user engagement and introduce new AI-powered features to the Reddit
Dogecoin recently experienced a correction in its gains, testing the $0.150 zone against the US Dollar. However, it is now forming a base and there are indications that it might start a fresh increase above $0.1520. Despite jumping towards $0.160, the price corrected gains and is currently trading above the $0.150 level and the 100-hourly