Crypto News

(All times ET unless indicated otherwise)By Omkar GodboleBitcoin is starting the week on a despondent note, trading 2% lower at $95,000 amid risk-off sentiment in traditional markets. European stocks are falling and the euro is diving against the dollar as concern the French government is on the verge of collapse pushes its bond yields to levels matching those of debt-ridden Greece.BTC's decline follows a failed attempt to break through the multimillion-dollar wall of sell orders near $100,000 over the weekend and MicroStrategy's Michael Saylor's bitcoin presentation to Microsoft. Still, bulls shouldn't lose hope just yet, because the supply scarcity is real, with nearly 75% of bitcoin classified as illiquid and less than 14% in centralized exchanges, according to Andre Dragosch...

PRESS RELEASE. Geneva, Switzerland, December 2, 2024– Justin Sun, founder of TRON and Advisor to HTX, held a press conference in Hong Kong to celebrate his acquisition of Comedian, the iconic conceptual artwork by Maurizio Cattelan famously known as the “world’s most expensive banana.” Sun’s record-setting bid of $6.24 million, announced on November 21, 2024,Source link

Ether (ETH) has underperformed rivals bitcoin (BTC) and solana (SOL) year-to-date, but ETH exchange-traded fund (ETF) inflows have inflected suggesting this period of underperformance may be over, broker Bernstein said in a research report Monday.The broker noted that on Friday Blackrock's spot ether ETF saw inflows of $250 million, versus only $137 million of inflows for the asset manager's larger spot bitcoin ETF."This creates favorable demand-supply dynamics for ETH," analysts led by Gautam Chhugani wrote.Ether staking yields could be another tailwind for the cryptocurrency. Bernstein noted that initial ether spot ETF applications did not include yields due to regulatory limitations. "Under a new Trump 2.0 crypto friendly SEC, ETH staking yield will likely be approved," the authors wrote, adding...

XRP (XRP) is on a tear as bitcoin (BTC) struggles to approach $100,000 amid talk of a large "sell wall" near the six-digit price mark.XRP, the payments-focused cryptocurrency, has skyrocketed 375% to $2.40 in 30 days. The price has surged more than 20% in the past 24 hours alone, CoinDesk data show.The meteoric rise has lifted the cryptocurrency's market capitalization to $139 billion, replacing the leading dollar-pegged stablecoin, Tether's USDT, as the world's third-largest digital asset."This comeback is making waves across the market, potentially signalling the return of retail traders and investors to the crypto market," Mena Theodorou, co-founder of the crypto exchange Coinstash, said in an email. "Recent XRP trends on TikTok, speculation about the approval of a...

As chatter grows around the idea of a U.S.-led bitcoin strategic reserve, the topic has ignited lively debate. Some enthusiasts view it as an inevitable move toward global bitcoin adoption by nation-states, while others decry the notion as a betrayal of the cryptocurrency’s core philosophy. Contrasting Opinions Surface on the U.S. Adopting a Bitcoin ReserveSource link