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“# Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher ” The cryptocurrency market is showing signs of progress following a multiday sell-off that saw the total market capitalization drop by more than $400 billion as Bitcoin’s (BTC) price briefly fell below $46,000. While the majority of altcoins have entered a consolidation phase…
“#GameStop soars 100 percent as Reddit’s WallStreetBets board crashes” The mother of all meme stocks is acting up again. Shares in GameStop skyrocketed 103.9 percent on Wednesday, with almost all of that action bubbling up in the final hour of trading. The bizarre rally resulted in shares of the video-game retailer being halted with less…
“# Traders remain bullish even as DeFi’s TVL falls to $54.4 billion ” Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap (UNI) and AAVE. The…
“# Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade ” Over the past few weeks Golem (GLM) price saw a strong rally which pushed the token to a 3-year high at $0.65. The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin…
“#Fed blames ‘operational error’ that crashed Fedwire” The Federal Reserve said it is restoring services that were thrown offline Wednesday by an “operational error” that spurred outages in a dozen areas, including check clearing and Fedwire, which handles trillions of dollars in transactions daily for the world’s biggest banks. “A Federal Reserve operational error resulted…
“# Price analysis 2/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM ” Institutional investors continue to pour money into the crypto sector even with the current dip below $45,000. On Feb.24, business intelligence firm MicroStrategy announced that it had recently purchased over $1 billion worth of Bitcoin (BTC) at an average rate…
“#Markets pop as Fed chair Jerome Powell commits to low interest rates” Federal Reserve Chairman Jerome Powell reiterated plans to keep interest rates close to zero and asset purchases humming along despite signs that the US economy is beginning to recover from the pandemic. After telling the Senate on Tuesday that he was concerned about…
“# 3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction ” The price of Bitcoin (BTC) quickly recovered from around $44,800 to over $50,000 within merely 22 hours. Behind the rapid recovery are three major factors, including low funding rates, Square’s $170 million Bitcoin purchase, and the spot market stabilizing. Bitcoin futures…
“# Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’ ” Bitcoin (BTC) hit back to reclaim $50,000 on Feb. 24 amid fresh bullish comments from major investors. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price exits $40,000 range Data from Cointelegraph Markets and TradingView tracked a 14% rise from Tuesday’s lows over…
“# Solana (SOL), Cosmos (ATOM) buck the trend to hit new highs after protocol upgrades ” Bitcoin’s (BTC) sharp correction below $45,000 sent shockwaves throughout the entire market for a second day and many altcoins are fighting to hold the gains they’ve accrued since the start of the year. Two exceptions to the current downturn…