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Ethereum Holds Above 2600 Amid Increased Network Activity
Ethereum, currently the second largest cryptocurrency by market capitalization, was able to cling to the $2,600 on Friday, October 18, 2024. Even though ETH recorded a few volatile rounds in the market, it calmed down at the $50 EMA level. The cryptocurrency is now relatively stable despite some improvements in network utilization, which can be […]
Bitcoin Touches 68K As Meme Coins Rally
Different cryptocurrencies showed mixed results on Friday, October 18, 2024, with Bitcoin hitting $68,000 before pulling back slightly to around $67,700. The global crypto market capitalization got slightly to $2.33 trillion, and trade volumes were down over 6% at $75.89 billion. The largest cryptocurrency, bitcoin, received $ 470.48 million in inflows to Bitcoin ETFs as […]
DeFi Sector Shows Resilience Amid Market Turbulence
The DeFi industry is proving to be highly effective during the recent bearish market trend, as its fundamental performance parameters continue to remain stable, and increase even further amid the growth of the cryptocurrency market. It also demonstrates the continued development of DeFi solutions for refining the financial industry and introducing new equity options. A […]
Regulatory Changes Impact Cryptocurrency Market
As global authorities circle their wagons in attempts to regulate the fast-growing and emerging cryptocurrency market, the sector is on the precipice of a new round of crackdown. These changes in the approach toward regulating cryptocurrencies occur as the crypto market is actively blending into the world’s financial systems and prompting governments to transform their […]
Ethereum Network Upgrade Sparks Optimism Amid Market Volatility
Ether, the second largest cryptocurrency by market capitalisation, is attracting attention from investors and developers as it enters the final stage before a major upgrade to the network. While this year market situation hasnt been quite favorable thus leading to the ETH price swingIng around $2,400, the Ethereum community has excitedly anticipated the upcoming changes. […]
Bitcoin Hovers Near 60000 As Market Sentiment Remains Cautious
The world’s largest cryptocurrency – by market capitalization – is worth approximately $60k on Thursday as the market calms down following this week’s volatile run. The most popular cryptocurrency has declined by more than 7% over the course of the last week and has retreated from the new record-high near $65,000. Sore experts have estimated […]
NFT Market Shows Signs Of Recovery As New Use Cases Emerge
As the non fungible token (NFT) market finds itself at the tail end of predictions of its death, the technology has proven to be resilient and still has a lot left to offer. Both investors, creators, and tech enthusiasts, the NFT space is back in the spotlight, due to innovative use cases and better infrastructure. […]
Decentralized Finance Platforms Face Security Challenges As Adoption Grows
The growth in the decentralised finance (DeFi) is booming, with more adoption occurring than before; however, both the security concerns and the technical difficulties are increasing simultaneously. More and more users moving into the DeFi space in hopes of earning high yields and traditional means of finance are struggling to come up with a series […]
Crypto Industry Calls For Regulatory Clarity As Global Adoption Grows
The cryptocurrency industry has stepped up demands for better and more extensive rules on operations as products therein pressures global markets. Senior exchange insiders and blockchain developers particularly have pointed out that while everybody want there to be a clear policy, they want this policy to encourage development of new products but at the same […]
Bitcoin Stabilizes Near 62000 As Crypto Market Navigates Economic Indicators
The Crypto market was quite ranged today as the dominant cryptocurrency- Bitcoin was range bound between $62 200. This comes at a time when the world has witnessed releases in the recent economic information such as the decline in unemployment rate in the United States which applies pressure on other financial markets such as cryptocurrency. […]