Crypto is “maturing well”, Mohamed El-Erian says
Crypto is getting more and more institutionalised and maturing well, says Mohamed El-Erian. The top economist pointed to the flip in sentiment from major players such as BlackRock as good for crypto. El-Erian also commented on US inflation. Mohamed El-Erian, the chief economic advisor at Allianz, says the cryptocurrency industry is getting more institutionalized and […]
Stacks and Toncoin lead the bull cycle as global crypto market cap surge
Stacks (STX) has gained 18.43% today to trade at $0.5319 at press time. Toncoin (TON) has gained 15.51% today to trade at $1.74 at press time Bitcoin Cash (BCH) had jumped by 12.33% to trade at $216.57. The cryptocurrency market has turned green today with a majority of the top cryptocurrencies by market cap registering significant […]
Bitcoin drops $28.8k amid huge crypto record huge outflows
Bitcoin price fell to $28,800 across major exchanges as Ethereum hit lows near $1,800. Equities also showed signs of uncertainty with mixed trading recorded. Crypto investment products saw outflows totaling $107 million, the primary focus being BTC. Bitcoin traded near the $28,800 early afternoon on Monday as caution dictated overall sentiment across the market. Stocks […]
Crypto investment products saw outflows of $6.5M last week
About $6.5 million flowed out of funds tracking different cryptocurrencies last week. Bitcoin recorded $13 million in outflows, while Ethereum benefited from XRP-driven sentiment to record $6.6 million in inflows. The minor outflows follow 4 consecutive weeks of inflows. CoinShares’ latest report on digital assets investment products suggests the industry saw minor outflows of $6.5 […]
Actor Ben McKenzie says crypto is like a ‘Ponzi scheme’
McKenzie says cryptocurrencies resemble an MLM scheme. He calls for the need to better regulate and license this market. Bitcoin is currently up a whopping 80% versus the start of 2023. An 80% year-to-date rally in Bitcoin is not enough to substantiate the legitimacy of cryptocurrencies for actor Ben McKenzie. McKenzie dubs crypto an MLM […]
AI-powered meme token taking crypto by storm
Shiba Memu is looking to dominate the meme coin sector with a pioneering AI-powered utility token. The concept behind this robot meme with a touch of AI genius is what could astound the legacy meme coins space. SHMU presale has raised more than $356k in less than a week. Talk of meme coins today and […]
‘crypto is digitalising gold in many way’
BlackRock CEO Larry Fink was all praise for BTC in a recent interview. The asset manager refiled for a Spot Bitcoin ETF earlier this week. Bitcoin is currently up close to 90% versus the start of the year. Bitcoin made a new 52-week high this morning after Larry Fink – the Chief Executive of BlackRock […]
Crypto services provider Matrixport predicts Bitcoin to $125k by the end of 2024
Key takeaways Matrixport believes that Bitcoin could rally to $125k by the end of next year. The crypto services provider points out that Bitcoin has already touched its bottom after rallying to the $31k level last month. Bitcoin could hit $125k by the end of next year Bitcoin, the world’s leading cryptocurrency by market cap, […]
Belarus planning to ban P2P crypto transactions
Belarusian President Alexander Lukashenko in 2022 signed a decree allowing free circulation of cryptocurrencies like Bitcoin in the country. The announcement somewhat seems to contradict the previous stand that Belarus has had on cryptocurrencies. If effected, Belarusians will not be allowed to use peer-to-peer crypto exchanges. The foreign ministry of Belarus is drafting new legislation […]
Crypto Fear and Greed Index Points to Bitcoin Price Path to $40K
Crypto fear and greed index has moved to the greed area ahead of the upcoming Bitcoin options expiry. Bitcoin price was trading at $30,392 on Wednesday, where it has been in the past few days. This price is a few points below the year-to-date high of $31,478. At its peak, the coin jumped by more than […]