Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies.
The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.
Geopolitical tensions and economic uncertainty may enhance gold's safe-haven status, while Bitcoin's role remains debated amid volatility.
The post Iran-Israel crisis could drive investors with ‘debasement trade’ favoring Bitcoin and gold — JPMorgan appeared first on Crypto Briefing.
Whale accumulation of Bitcoin amid market downturn suggests confidence in its long-term value, potentially stabilizing the crypto market.
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Geopolitical tensions challenge crypto's safe-haven status, potentially reshaping its role in global finance and investment strategies.
The post Crypto markets reel as Middle East conflict sparks global uncertainty appeared first on Crypto Briefing.
An uptick in Solana’s network activity and upcoming project launches could send SOL price higher.
Solana's native token, SOL (SOL), experienced a 9% decline over two days after peaking at $161.80 on Sept. 29, marking its highest level in seven weeks. This correction mirrored the broader altcoin market capitalization (excluding stablecoins), which reached approximately $800 billion in late September before dropping to $739 billion on Oct. 1.
Despite this downturn, Solana network usage surged in the past week, prompting traders to question whether SOL has the potential to outperform its competitors.
Solana/USD (blue, left) vs. altcoin market cap (green). Source: TradingView
Analysts say Bitcoin’s prolonged downtrend reset its key price metrics, setting BTC up for a stellar Q4 performance.
Bitcoin (BTC) price is trading 7% below the local high of $66,508 reached on Sept. 27, but some analysts are optimistic that this correction could just be a reset of key metrics as BTC prepares for massive gains in the last quarter of 2024.
“Bitcoin is near all-time highs, yet the valuation metrics have all declined from extreme overbought in March to around 17-75% on a 4-year Z-score,” Jamie Coutts, chief crypto analyst at Real Vision, said in an Oct. 1 post on X.
Coutts was referring to an onchain metric called the market value realized value (MVRV) Z-score, which shows the market value’s relative position to realized value, which was -116% on the three-month timeframe, -94% over a two-year period and -107% on the four-year timeframe. This suggests that Bitcoin is extremely undervalued on multiple timeframes.
Bitwise's XRP ETF filing could signal further integration of digital assets into traditional finance, despite potential regulatory hurdles.
The post BREAKING: Bitwise files for XRP ETF via Delaware trust appeared first on Crypto Briefing.
Bitcoin drops below $62K as Iran's missile attack on Israel escalates, causing market uncertainty and a significant selloff.
The post Bitcoin drops below $62K as Iran launches missile attack on Israel appeared first on Crypto Briefing.
Robinhood's crypto transfer expansion in Europe signifies a strategic push to enhance its global market presence and diversify its financial services.
The post Robinhood launches crypto transfers in Europe, denies stablecoin rumors appeared first on Crypto Briefing.
Circle's partnership with Mark Carnegie could accelerate stablecoin adoption in Australia, potentially transforming financial transactions and reducing costs.
The post Circle partners with Mark Carnegie to bring USDC to Australia appeared first on Crypto Briefing.
