Best Crypto to Buy as Bitcoin Leverage Nears $40 Billion Before Fed Vote
Quick Facts: 1️⃣ Bitcoin open interest is closing in on the $40B mark, signaling growing bullish momentum across the crypto market. 2️⃣ Markets are pricing in a 98% chance of a Fed rate cut, a move that could further fuel demand for risk-on assets like Bitcoin. 3️⃣ As sentiment turns bullish, the best crypto to […]
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The crypto economy has jumped over the $400 billion mark and is now hovering around $414 billion at the time of publication. The largest crypto asset in terms of market cap, bitcoin has climbed over 9% during the last 24 hours steadily marching toward the $15k zone. During the last 30 days, Bitcoin (BTC) has gained over 39% touching a new all-time 2020 high of $14,964 on Bitstamp, Thursday morning. Bitcoin (BTC) is up 9.8% during the last seven days and 27.3% during the last 90 days. Bloomberg Senior Commodity Strategist, Mike McGlone, expects BTC to go “parabolic” in....
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from the stablecoin market, stablecoins themselves represented 9.35% of the entire crypto economy’s net U.S. dollar value at the time. 61 days later, the crypto economy is worth roughly $1.15 trillion and the stablecoin economy represents 13.8% of that total today.
In 61 Days, Stablecoin....
While the crypto economy has seen a decent uptick in performance during the first week of October, a number of decentralized finance (defi) tokens have seen tremendous gains. Furthermore, the total value locked in defi has risen to $195 billion, jumping more than 14% over the last two weeks from $171 billion.
Defi Tokens Skyrocket, Total Value Locked in Dapps Grows to $195 Billion, Axie Infinity, Shiba Inu See Top Gains
Digital currency markets of all sorts are seeing some gains this week and defi coins and smart contract tokens have all seen significant rises during the last....
The CEO of the world’s largest crypto exchange Binance Changpeng “CZ” Zhao addressed the bailout happening in the industry. As a result of the recent downside trend across the market, the collapse of the Terra ecosystem, and high leverage positions, several companies need financial rescue. Related Reading | Bitcoin Trading Volume Nears One-Year Highs As Volatile […]
Josh Wise has won the Sprint Fan Vote and will drive in Sprint All-Star Race this Saturday. The Reddit community, which is the main reason why Wise won, proves why dogecar backwards is race god. Reddit's r/Dogecoin thread had aggressively been pushing the campaign to vote Josh Wise in the Sprint Fan Vote. Some users even tried using voting booths until CAPTCHAs were employed and voting restricted to 100 votes per day. The dogecoin community on Reddit has been waiting eagerly to hear the news and it has been spreading fast. Clint Bower was the Sprint Showdown winner and AJ Allmendinger was....