As bullish US CPI data fuels Bitcoin price back above $100,000, the biggest Solana DEX Raydium is again in the spotlight after crushing Uniswap’s monthly trading volumes… again. Solana is the big story of 2024, having unlocked unhinged success amid the meme coin hysteria that has characterized the crypto market this year. Among Solana DEXs,…
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Solana Poised for $295 Surge After Correction – Are the Bulls Ready to Take Control?
With a substantial 4.81% uptick today, the Solana price appears to have moved past its recent consolidation, reaffirming bullish end-of-year projections for the altcoin. While even leading altcoins did not escape the liquidation event unscathed, Solana has proven to be among the most resilient, down just 2.38% for the week. Indeed, as trading volume dips…
PEPE Investor Turns $3,000 Into $73 Million – Is This the Greatest Crypto Flip Ever?
PEPE has fallen by 7.5% in the past 24 hours, sliding to $0.0000236 as the crypto market drops by 1% today. The meme token had enjoyed a very strong 30 days, setting a new ATH of $0.00002803 only two days ago. So even with today’s loss it remains up by 13% in a week and…
Trump Wants Bitcoin at $150,000 – Will His Return Spark the Next Big Rally?
Donald Trump, the U.S. President-elect, has reportedly set his sights on a staggering $150,000 Bitcoin price early in his presidency. According to an Axios report citing a transition insider, Trump considers Bitcoin a “stock market alternative” and plans to focus on its value as part of his broader economic strategy. This isn’t the first time…
MicroStrategy’s Nasdaq 100 Status Tied to ICB Classification: Bloomberg Intelligence
MicroStrategy’s eligibility for inclusion in the Nasdaq 100 may depend on its sector classification under the Industry Classification Benchmark (ICB). In a recent social media post, Bloomberg Intelligence analyst James Seyffart noted that MicroStrategy could be reclassified as a financial stock due to its substantial Bitcoin holdings and financial engineering activities. Such a change would…
Roger Ver: US Intelligence “Hijacked” Bitcoin, Turned It Into “Financial Trap”
Bitcoin.com founder Roger Ver, widely known as “Bitcoin Jesus,” has criticized how Bitcoin (BTC) has been turned into a speculative asset. According to Ver, early hopes for the leading cryptocurrency as an alternative to fiat currency were undermined by a combination of intelligence agencies and institutional players. Bitcoin: From P2P Freedom to Financial Surveillance? In…
Ethereum Price Bounces Back to $3,800 – New ATHs Coming This Month?
Bulls are back in control of the crypto market on Wednesday, with the Ethereum (ETH) price rallying over 4% back towards $3,800 in wake of the latest US inflation figures all but confirming that the US Federal Reserve will cut interest rates by another 25 bps later this month. Just In: November US CPI annual…
Kyrgyzstan Passes Law Defining Digital Som CBDC Framework
Kyrgyzstan has taken a significant step towards launching its central bank digital currency (CBDC), the digital som. In its first reading, the Parliament approved a draft law that establishes its framework and legal status. According to a report from Trend, the legislation was Initiated by the Cabinet of Ministers and is poised to set the…
XRP Price Drops Below $2.20 – Was $1.94 the Key to Its Next Bullish Surge?
XRP has been on a rollercoaster ride in the past 24 hours, crashing below $2 and now trading at $2.40 after a 28% surge from the local bottom. Interestingly, the XRP price appears to have beaten other leading altcoins to the punch with its 5.12% uptick since 00:00 UTC, affirming bullish end-of-year projections for the…
India’s Central Bank Governor Sees Huge Potential of CBDC
On his final day in office, outgoing Reserve Bank of India (RBI) Governor Shaktikanta Das reaffirmed the transformative potential of India’s central bank digital currency (CBDC), commonly called the digital rupee. Speaking during his farewell address on December 10, Das reflected on his six-year tenure, emphasizing RBI’s pioneering efforts in embracing emerging technologies. India’s Pioneering…