Crypto News

Gold would be one of the commodities enabling payments between China and Russia. According to market analysts, the abundant Russian gold stash, representing almost a third of the country’s reserves, could be key in sidestepping the current trade difficulties originated by economic sanctions. “While it’s unclear how much of a role gold plays in Russia’sSource link

Bitcoin (BTC) has slumped back to $95,000 after coming within a few hundred dollars of passing the symbolic $100,000 price level. But the largest cryptocurrency is only catching its breath before surging to newer heights, according to investment management firm ARK Invest.“We’re more or less anticipating $104,000 to $124,000 price targets by end of year,” David Puell, one of the firm’s research associates, told CoinDesk in an interview. “With the caveat that it's not a recommendation, but so far, price action has kept up to that projection quite nicely.”Puell’s calculus is based on bitcoin’s seasonality — a term referring to the ways the asset has behaved in various stages of previous bull markets — as well as on-chain metrics. In...

With the holiday season on the horizon, we present our annual festive round-up of the best crypto gifts for the Bitcoin fan in your life.Source link

On November 28, 2024, during the festive spirit of Thanksgiving, Eric He, LBank’s community angel officer and risk control adviser, announced on social media that LBank has officially reached 15 million registered users, and shared the thanksgiving for users’ support. Meanwhile, the LBank’s Gratitude Week is in full swing, inviting users to share their personalSource link

Bitcoin's (BTC) pullback from the $100,000 level after continuously hitting fresh new highs is only a temporary setback before eventually shooting past the barrier to even higher prices, crypto analytics firm CryptoQuant said.According to a Wednesday report shared with CoinDesk, multiple blockchain data metrics suggest that the largest crypto has more room to run before topping.CryptoQuant's custom P&L index, which combines several on-chain valuation metrics to signal whether BTC is overvalued or undervalued, shows that the asset is firmly in a bull market but far from the overvalued levels it reached at the previous market peaks in 2021, 2017 and 2013.The firm's Bull-Bear Market Cycle Indicator has only started to heat up after dipping slightly into bear market territory earlier...