Market News

Jamie-Dimon-Slams-Crypto-Tokens
JP Morgan Execs Make Opposing Statements on Crypto

JP Morgan CEO Jamie Dimon claims cryptocurrencies are decentralized Ponzi schemes. Global Head of Payments Takis Georgakopoulos revealed that they are seeing a decline in the use of crypto for payments. Head of Global Operations Marko Kolanevic believes crypto will rally in 2023 alongside stocks. JP Morgan executives have made strong — and albeit contradictory statements — about cryptocurrency in the last couple of days alone. On one side of the ring, CEO Jamie Dimon blasted cryptocurrency, claiming that it is nothing short of a decentralized Ponzi scheme. In congressional testimony last January 21, Dimon said that he remains a

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Robbery-of-Ones-Own-Bank-Has-Become-Heroic-in-Lebanon
Robbery of One’s Own Bank Has Become Heroic in Lebanon

Lebanese depositors are demanding access to their money. People have witnessed the erasure of an entire way of life. Lark Davies: “Keep starking Bitcoin”. A Times correspondent Ben Hubbard, who has spent much of the past decade in Lebanon, reports that “it genuinely feels like the country is falling down.” People have witnessed the erasure of an entire way of life. In the same regard, depositors in Lebanon held up two banks to demand access to their own money that was frozen in the nation’s crippled banking system, highlighting the despair of those who have been unable to access funds

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SHIB, XRP, ADA, ETH Social Interest Spike Amid Collapse
SHIB, XRP, ADA, ETH Social Interest Spike Amid Collapse

Santiment released statistics regarding cryptos with the most social interactions. Cryptocurrency markets took a severe beating over the past week. Cardano is almost ready to launch its long-awaited Vasil hard fork. With cryptocurrency taking a recent dive in value, it’s interesting to see where social interests have now shifted. The leading cryptocurrency on-chain and social metrics platform, Santiment, has published intriguing statistics about the top cryptocurrencies with a lot of social interactions. The top cryptocurrencies with strong social interests in the previous few days include Ripple (XRP), Cardano (ADA), Shiba Inu (SHIB), Ethereum (ETH), and Polygon (MATIC). “Cryptocurrency markets took

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Pump or Dump Dilemma for Litecoin (LTC), Monero (XMR) & Cosmos (ATOM) for Next Week
Cryptocurrency market value slumps under $1 trillion

Global cryptocurrency market cap falls under $950,000,000,000. Investors sold out riskier assets in the previous two months. The technology that underpins cryptocurrencies has significant uses in industries. According to the statistics website CoinMarketCap, the value of the cryptocurrency market on Monday dropped below $1 Trillion for the first time since January 2021, dropping as low as $950,000,000,000. The market for cryptocurrencies as a whole reached a peak of $2.9 trillion in November 2021, but it has since sputtered. Due to soaring inflation and concerns that central bank interest rate increases will stifle growth, investors sold out riskier assets in the

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Binance Argentina Visa Card Now Supports Shiba Inu
Binance Argentina Visa Card Now Supports Shiba Inu

Shiba Inu is now one of the currencies supported by Binance Argentina. Among others, Binance Coin (BNB) was formerly supported. The arrival of the new coins will result in modifications to Payment Priority. Shiba Inu is now among the coins supported by Binance Argentina’s cards in that nation. More than 90 million retailers globally accept SHIB payments, according to the official statement on Twitter. Notably, consumers will also benefit from rebates and savings on ATM fees. As a result, Binance Argentina introduced a special offer for the new card processors. Between September 12 and September 30, the first 5,000 users

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Why This Bear Market Is Different From Previous Ones
Why This Bear Market Is Different From Previous Ones

Every previous bear market “declared” the death of cryptocurrencies. Everyone is really simply there to watch their stock portfolio soar to dizzying heights. Goldman Sachs has already started trading Bitcoin. According to a Reddit thread, the cryptocurrency was “proclaimed” dead in each and every prior bear market. We only saw so many adoptions and collaborations develop during this Bear Market, which is currently a recession (or at least it feels like one). The bear market has already seen several significant partnerships and adoptions from well-known brands, businesses, governments, and financial institutions only this year. There is no denying that broad

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How These 5 DEX Aggregators Are Optimizing DeFi Trades and Boosting Liquidity in 2024
The 2022 Global Crypto Adoption Index

The prices of Cryptocurrencies are durable despite losses. Investors are confident that markets will recover. It’ll be fascinating to see what solutions the bitcoin industry creates. According to statistics, many people who were drawn by growing cryptocurrency prices in 2020 and 2021 persisted and continued to invest a sizeable portion of their assets in digital assets.  This is also in line with other studies that showed cryptocurrency markets to be remarkably durable despite recent losses. Large, long-term cryptocurrency investors have held on throughout the bear market; as a result, even though their portfolios have lost value, those losses have not

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$69B-out-of-the-crypto-market-cap-in-the-past-24-hours
$69B out of the crypto market cap in the past 24 hours

$69 billion was lost in the cryptocurrency market within a single day. Bitcoin prices plummeted by nine percent, hovering around the $20,300 mark. S&P 500 is down over four percent from last week. According to reports, the cryptocurrency market has seen $69 billion of its value wiped out in 24 hours alone as leading cryptocurrencies continue an almost week-long sell-off. Bitcoin dropped by nine percent to around $20,300, its lowest price since July 2021, while Ether dropped six percent to $1,611 its lowest price since late July. Bitcoin has also been compared to “digital gold,” a potential safe-haven asset and

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BNB-Chain-has-surpassed-3
BNB Chain has surpassed 3.4 billion transactions

BNB Chain has surpassed 3.4 billion transactions. Decentralized, and censorship-resistant blockchains include BNB Chain. BTC has fallen to just around $22,000. As protocols on the chain continue to draw users and activity even during a general market slump, BNB Chain is almost ready to surpass the enormous 3.4 billion transaction threshold. The industry’s most popular chain utilized Twitter to emphasize that it had reached 3.4 billion in transactions on September 11. Given that BTC has fallen to just around $22,000 at the time of scripting, according to CoinMarketCap, a level last seen in the summer of 2021, the growth figure

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A Worthy Battle Between XRP & BlockDAG: Who Will Wear the Crown as Best Crypto of 2024?
More Than 500M New Consumers Could Buy Crypto By 2030

An estimated 500 million more investors will enter the financial market by 2030. In 2017, there were only less than 7 million crypto investors. The price of Bitcoin is currently $22k per unit. According to a news story shared by economic and macro analyst Alex Krüger, 500 million more investors will enter the financial market by 2030, bringing the total number of investors to 2.6 billion, according to his calculations. According to the data in the study, a new layer of investors will develop in Asian and African countries. The two primary regions that provided most of the capitalization for

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S&P-500-Bounced-Off-Support,-Crypto-Rally-Underway
S&P 500 Bounced Off Support, Crypto Rally Underway?

The level of the S&P 500 stock index demonstrated a rebound off the support. Cryptocurrency at large has proved resilient in the past months. Sustained trading above the 100 SMA might result in fresh multi-month highs. According to a market analysis by a Twitter analyst, Lark Davis, the cryptocurrency rally is underway. This comes after the S&P 500 stock index level showed a bounce off of the support. This indicates a positive trend in the market which has been in bearish sentiment for the past few months. Even after Wednesday’s rise, markets are still mostly declining. Some investors are staying

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5 Trading Indicators You Need for Profitable Crypto Moves
Crypto Market To Escape Narrowest Trading Range by 2024

The crypto market may break out from its current trading range by 2024. So far, the current market is in its narrowest trading range in history. Some believe that the market has stabilized already. Despite yet another market bloodbath experienced by most cryptocurrencies, an expert believes that crypto assets will be able to break out from their current trading range on — or possibly — before 2024. According to an article by Bloomberg, this is the “narrowest” trading range recorded for the market so far. Also, the leverage ratios for Bitcoin (BTC) and Ethereum (ETH) are “at the highest on

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