Crypto News

After cresting at an impressive $102,760 per coin, the preeminent cryptocurrency, bitcoin (BTC), has precipitously fallen beneath the $100,000 threshold, reaching a nadir of $97,124 per unit. Bitcoin Below $100K, Liquidations Liquidate Hopes Tuesday proved to be a tumultuous day within the realm of digital currencies, with the aggregate market capitalization plummeting by 4.67% toSource link

Since the November 5 election of Donald Trump to the U.S. presidency, bitcoin (BTC) is up around 47%, sharply outperforming the S&P 500's 4% advance.The incoming president, of course, has made clear his friendliness towards bitcoin and crypto. Also worth consideration is the Republican sweep of the Senate and House of Representatives, where laws that might affect crypto will ultimately be passed.Andre Dragosch, Head of Research at Bitwise in Europe, spoke exclusively with CoinDesk about other factors affecting the divergence between bitcoin and stocks."My view on bitcoin versus S&P 500 is that the stock market has been negatively affected by the Fed's hawkish rate cut in December," said Dragosch. "The Fed revised its planned rate cuts for 2025 to 2...

Crypto prices are plummeting early Tuesday amid rough economic data, with Bitcoin falling under $98,000 after topping $100K on Monday.Source link

Ether spent most of 2024 trailing behind its cryptocurrency peers but has now firmly joined the rally sparked by bitcoin’s record-breaking climb, crossing the $4,000 mark in December but well below its all time high of $4,900.In 2024, ether gained around 53% compared to bitcoin’s 113% surge; however, ether’s recent performance shows promise. Since the U.S. election result, ether has increased 39%, outperforming bitcoin’s 35% gain and signaling a potential resurgence driven by market optimism over president-elect Donald Trump’s anticipated pro-crypto policies.Other key factors driving this optimism include robust staking dynamics, steady transaction fees and growing institutional interest, particularly through ETFs.Ether futuresWhile the year started with muted volume, CME ether futures were the go-to product for risk management as spot...

Ripple has embraced the Chainlink standard to furnish dependable onchain pricing data for its RLUSD stablecoin, to enhance its assimilation into decentralized finance (defi) applications. Ripple Partners with Chainlink to Bolster RLUSD in Defi The RLUSD stablecoin, engineered to hold a 1:1 peg to the U.S. dollar, seeks to exhibit the advantages of Ripple‘s expertiseSource link