Bitcoin led crypto markets lower Tuesday, down by about 1% over the past 24 hours to just below $88,000. The decline came even as gold, silver and copper all surged to record highs (though have pulled back a bit in Tuesday afternoon trade). U.S. stocks are ahead modestly, the Nasdaq gaining 0.45%. Crypto-related stocks were…
The International Monetary Fund (IMF) praised El Salvador’s stronger-than-expected economic growth in a statement on Monday. The update notably did not include previous IMF suggestions that El Salvador would be putting on hold its strategy of accumulating bitcoin BTC$87,916.40, something that country — under the leadership of President Nayib Bukele — has continued to do…
The second-largest cryptocurrency exchange by trading volume, Bybit, said it will begin restricting access to its services for residents of Japan next year as part of an effort to comply with the country’s financial regulations. The company did not specify which services would be affected, but said impacted users will receive further communication as the…
The Council of the European Union, an EU body that amends legislation and commits national governments to adopting the bloc’s laws, said it backs the European Central Bank’s plan to explore an official digital currency, calling it an evolution of money and a tool for financial inclusion. In a Friday post on its website, the…
Filecoin FIL$1.2728 retreated 2.2% over 24 hours, slipping from $1.32 to $1.29 as technical sellers dominated price action. The decentralized storage token established a clear bearish channel pattern with successive lower highs confirming downward momentum across the 5 cent trading range, according to CoinDesk Research’s technical analysis model. The model showed that volume activity told…
The price of BNB is hovering around the $850 mark after losing more than 1.5% of its value over the past 24 hours. The token is down from a recent high near the $870 level, and comes alongside bitcoin’s decline from above $90,000 to the $87,000 area on Tuesday morning. Price action reflected that caution….
Crypto Daybook Americas will be on hiatus for a while starting Wednesday. We’ll be back Jan. 5 with your regular wake-up call of what stirred the industry overnight and what’s coming up in the day ahead. Wishing you and yours a wonderful holiday season! By Omkar Godbole (All times ET unless indicated otherwise) The crypto…
Crypto Markets Today will be on hiatus for a while starting Wednesday. We’ll be back Jan. 5 with your regular trading update and market analysis . Wishing you and yours a wonderful holiday season! It’s yet another risk-off day in the crypto market, with Cardano-based Midnight Network’s governance token, NIGHT, sliding 22% in 24 hours,…
Declining bitcoin BTC$87,519.25 mining activity is often interpreted as a sign of network stress, reflecting weaker miner profitability, declining hashrate and concerns over the economic sustainability of mining operations. It is commonly assumed to be bad for the bitcoin price. Digital assets investment firm VanEck, however, argues that periods of falling hashrate — the total…
DeFi lending and borrowing protocol Aave’s governance fight is starting to cost investors wildly. The AAVE token is down about 18% over the past seven days, making it the worst performer among the top 100 cryptocurrencies, even as bitcoin, ether and other large tokens trade flat to slightly higher. The selloff stands out in a…
