Crypto News
Circle, Coinbase, Strategy Surge as Crypto Stocks Rally on Possible Rate Cut Hopes
Crypto-linked stocks and digital assets surged on Friday after Federal Reserve Chair Jerome Powell signaled that the central bank could begin cutting interest rates as soon as September. The tone marked a shift after weeks of growing investor doubt that the Fed would act before year-end.Bitcoin (BTC) and ether (ETH) both moved higher following Powell’s remarks, as did the S&P 500 and Nasdaq. Shares tied directly to the crypto sector posted some of the sharpest moves of the day.At the time of writing, Circle (CRCL) led the pack with a 7% jump. eToro (ETOR) and Marathon Digital (MARA) each climbed 6%, while Coinbase (COIN) rose 5%. MicroStrategy (MSTR), which holds billions in bitcoin, gained 4%, and Robinhood (HOOD) advanced 3%.The...
Ethereum, Bitcoin Spike After Powell Signals Interest Rate Cut
The central bank chairman has been under pressure from the White House to cut the rate.Source link
XRP Falls to $2.79, Briefly Loses Number 3 Spot Amid $10.5M in Liquidations
On Aug. 22, XRP fell 3.4% to $2.79—its lowest price since Aug. 2—briefly losing its position as the third-largest crypto by market cap, which dropped to $166.9 billion before recovering slightly. XRP’s Price Volatility and Market Cap On Aug. 22, XRP continued its downward trajectory, dropping 3.4% to $2.79, marking its lowest price since Aug.Source link
Morning Minute: Coinbase CEO Calls for Bitcoin to Hit $1 Million
That's zoomed out. Zoomed in, crypto majors are red and volatile ahead of Jerome Powell's comments at Jackson Hole this morning.Source link
CoinDesk 20 Performance Update: Bitcoin and Ethereum Trade Flat as Index Drops 1.1%
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3926.49, down 1.1% (-44.65) since 4 p.m. ET on Thursday.None of the 20 assets are trading higher.Leaders: ETH (+0.0%) and BTC (-0.1%).Laggards: ADA (-3.1%) and LINK (-2.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link