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Bitcoin Blasts to $64,853—Powell’s Rate Cut Hints Lift Entire Crypto Market

Bitcoin Blasts to ,853—Powell’s Rate Cut Hints Lift Entire Crypto MarketBitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which […]

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Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy

Bitcoin Bulls Charge Toward K as Fed’s Minutes Triggers Market FrenzyBitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism is largely being credited to the Federal […]

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Report: Kraken Considers IPO Amid Renewed Investor Interest

Report: Kraken Considers IPO Amid Renewed Investor InterestKraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the current digital-asset market rally and a perceived easing of U.S. regulatory scrutiny. Kraken Eyes IPO Bloomberg sources […]

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Week of Wins in Crypto: PEPE Skyrockets 78%, Ethereum Up 27%

Week of Wins in Crypto: PEPE Skyrockets 78%, Ethereum Up 27%The crypto economy has had a decent week filled with gains as bitcoin rose 2.8% and ethereum jumped by 27% this past week. The week’s biggest leader, however, was pepe (PEPE) which rose 78.5% over the seven-day run. Broad Crypto Market Gains Nearly two dozen crypto assets witnessed double-digit gains this past week with PEPE […]

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Over 50,000 Traders Liquidated as Bitcoin Price Surges Past $66,000 Amid Bullish Run-Up

Over 50,000 Traders Liquidated as Bitcoin Price Surges Past ,000 Amid Bullish Run-UpOn Wednesday, the price of bitcoin demonstrated strong growth, escalating by more than $4,200 from its daily low. This 7.1% increase against the U.S. dollar propelled bitcoin past the $66,000 threshold, reaching a peak of $66,461 per coin on Bitstamp. Consequently, the entire cryptocurrency market rose by 6.2%, resulting in the liquidation of 51,567 traders […]

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Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse

Smart Contract Token Market Soars to 2 Billion; Defi Value Reaches High Not Seen Since FTX CollapseThe smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back On Thursday, Feb. 2, 2023, the top smart […]

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Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion

Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above  BillionDecentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by market capitalization increased 7.1% on January 9, 2023, and most have seen double-digit gains over […]

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