The latest price moves in crypto markets in context for Dec. 19, 2023.
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
Ether is expected to outperform bitcoin and other cryptocurrencies next year due to the Ethereum blockchain’s EIP-4844 upgrade, the report said.
The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
Don't ready too much into the move, said one observer, calling it a typical position reset.
The latest price moves in crypto markets in context for August 24, 2023.
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.
Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound.
- 07:07Founder of Folius Ventures: Bitcoin L2 may see an explosion, ORDI, CKB and others may trigger panic buying in the Asian marketFounder of Folius Ventures, MapleLeafCap, tweeted that with the rotation of meme coins sector, we may be on the verge of BTC L2 breakout. The US has STX, China has ORDI, SATS and CKB, and Merlin holds nearly $3 billion TVL which could trigger some panic buying in Asian markets.
- 06:59CryptoQuant Founder: Exchanges, miners and their affiliated addresses currently hold 3 million BTCCryptoQuant founder and CEO Ki Young Ju posted on social media that we may see a BTC seller liquidity crisis this year. Excluding GBTC, the newly added funds of spot ETFs increased by 95% month-on-month. At this rate, the amount of Bitcoin held this year could exceed several million BTC. Currently, exchanges, miners and their affiliated addresses hold 3 million BTC.
- 06:54The Bitcoin blockchain NFT collection NodeMonke#2769 was sold for a price of 17 BTCThe data shows that the Bitcoin chain NFT collection NodeMonke#2769 was traded at a price of 17 BTC.