Author: cointechies
After Fed Chairman Jerome Powell's comments, major stock indexes and cryptocurrencies plunged, with the Dow Jones Industrial Average dropping 1,100 points and Bitcoin falling 5%. Meme coins have fallen significantly, with Dogwifat, Pepe, and Bonk down 13% to 16%, while Pudsey Penguin is up 23%. Chairman Jerome Powell has signaled a cautious approach, saying the rate cuts will be tapered as we head into 2025, prompting mixed reactions in various markets. Despite discussions of potential Bitcoin strategic preparations, Powell emphasized that the Fed does not have the authority to own Bitcoin and is not seeking legal changes. Cryptocurrency and stock…
Investing.com – On the Investing.com index on Thursday, Cardano was trading at $0.9323 by 21:09 (2:09 p.m. Japan time), down 10.42% on the day. This was the highest daily loss rate since December 9th. Due to this decline, Cardano's market capitalization fell to $33,548.7 million (0.97% of the cryptocurrency market capitalization). At its peak, Cardano's market capitalization was $94.801 billion. Cardano has been trading between $0.9323 and $0.9802 over the past 24 hours. Over the past 7 days, Cardano has decreased in value by 11.48%. Cardano's trading volume in the 24-hour period up to the time of writing was $2,008.3…
Why are cryptocurrencies down today? FXStreet
Ripple's digital asset is gaining momentum in December 2024, causing ripples in the cryptocurrency market. XRP, the third largest cryptocurrency by market capitalization, recently surpassed Tether (USDT). As the recent rally shows, analysts and investors alike are getting excited about the possibility that XRP holders will join the ranks of the wealthiest investors in the near future. Potential price prediction One analyst has expressed a bold outlook for XRP, suggesting those who hold the asset could experience significant returns and create life-changing wealth in the near future. His goal is for the price of altcoins to rise significantly and reach…
Luxury Brands Consider Accepting Crypto Payments PYMNTS.com
NEW YORK, Dec. 19, 2024 (Globe Newswire) — As the global energy sector undergoes a digital transformation, the oil transportation industry is also experiencing a technological revolution. Blockchain technology, especially the use of smart contracts, is redefining the process of oil trading and logistics. PipelineX leverages smart contract technology to address the inefficiencies, high costs, and human errors inherent in traditional oil transportation, playing a key role in transforming the industry. Reduce operational costs by automating transactions with smart contractsTraditional oil trading and transportation processes are often fraught with inefficiencies due to manual labor and human oversight. By integrating smart…
Check out the latest information in Spanish. Cardano (ADA) has experienced a rollercoaster of volatility in recent weeks, with the price going up and down significantly. After reaching a local high of $1.32, ADA rallied more than 30%, falling to $0.91 before returning to a key support level. This price movement has investors speculating whether the current recovery signals the beginning of a new bullish phase or just a temporary hiatus before further decline. Related books Top analyst Ali Martinez recently shared key insights on X, leveraging the Santiment indicator to shed light on whale activity driving Cardano market movements.…
Check out the latest information in Spanish. A crypto analyst shared an XRP price chart and analyzed the 4-hour movement while identifying key strength indicators that indicate a potential upside. The analyst predicted that XRP has hit a new all-time high (ATH) and is preparing for a big rally to $11. Key Indicators Suggest XRP Price Set to Soar $11 In a Tuesday post on He pointed out the possibility of a significant price increase up to ATH. Analysts suggested that XRP is showing clear upward momentum and a sharp rise can be seen on the price chart presented. Related…
Important points The total assets under management of Bitcoin ETFs exceeded those of gold ETFs, with Bitcoin funds reaching $129 billion. BlackRock's iShares Bitcoin Trust is the market leader in Bitcoin ETFs, with nearly $60 billion in assets under management. Share this article According to K33 Research, Bitcoin ETFs outperform gold ETFs in terms of total assets under management, with Bitcoin funds reaching $129 billion compared to $128 billion for gold ETFs.This milestone comes less than a year after the Spot Bitcoin ETF was launched in January following SEC approval.According to ETF analyst Eric Balchunas, including all types of Bitcoin…
Check out the latest information in Spanish. Solana (SOL) is at a critical juncture as it tests demand at a price level that has previously served as a major resistance line. Since late November, the price of SOL has been on a downward trend, and the hype surrounding the cryptocurrency has waned. The prolonged decline has left investors uncertain about Solana's next move, with many questioning whether Solana can regain its bullish momentum. Related books Top analyst Jelle recently shared technical analysis on X and shed light on Solana's current setup. According to Jere, Solana has formed a descending wedge…