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Beneath the cryptocurrency market’s optimism that arose from Donald Trump’s re-election and the associated bull run, there is no shortage of confusion about what his re-election will mean for the industry and the economy more broadly. While there is little doubt that the incoming administration is vocally far more favorable to digital assets than the outgoing one, the exact policy – and the exact effects of the hypothetical policies – remain uncertain. In this climate, the fate of the Federal Reserve’s FedNow system, a potential U.S. central bank digital currency (CBDC), and Ripple Labs has again come to the forefront. Picks for you Revealed: Robert Kiyosaki's portfolio performance in 2024 45 mins ago Ethereum whale turns $...

Bitcoin is nearing the $69,000 price range and is only 6% away from breaching its all-time high of $73,737. Conversely, gold crossed the $2,700 mark on Sunday and is trading at $2,727 in the indices. If the precious metal holds positive momentum, its price could climb above the $2,800 mark. Bank of America wrote in its price forecast to investors that Bitcoin and gold could soon rally in the charts. Also Read: BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar Bank of America: Gold & Bitcoin Price Prediction Source: American Banker Bank of America wrote that the Federal Reserve’s determination to slash interest rates in the coming quarters could boost the price of Bitcoin and gold. According to the bank’s latest report, an investment made today could reap the benefits during Q2 of 2025. Also Read: 11 Countries Might Join BRICS in 2024 as ‘Associated Partners’ According to the Bank of America report, Bitcoin is projected to reach $75,000, and gold could hit $...

WIF, PEPE and SEI were among top performing altcoins as Bitcoin surged to above $63,800 on Sept. 19. These gains followed US Federal Reserve’s 0.5% interest rate cut. Analyst says WIF could outpace market in coming weeks. Meme coins dogwifhat (WIF) and Pepe (PEPE), as well as layer 1 blockchain Sei (SEI) are among the top gainers in the past 24 hours as several altcoins record their best performances for a while. SEI was up 19%, WIF 17% and PEPE 12% as crypto rose amid Bitcoin’s surge to above $63,000 on Thursday. According to data from CoinGecko, SEI price reached highs of $0.35 as its volume jumped 224% to over $345 million. Meanwhile, WIF traded to $1.81 across major exchanges, notching an intraday volume of over $717 million with a 24-hour increase of 109% at the time of writing. Popcat (POPCAT), which has rallied since Kraken announced spot trading support, continued to outpace all other top 100 coins by market cap. However, meme coin Pepe ...

The U.S. dollar has fallen to a new monthly low as local currencies climbed up the charts this week. The DXY index, which tracks the performance of the U.S. dollar, shows the currency falling to 101.5. This is the lowest the USD has fallen in the last two months after rising to a high of 104.2. The USD dipped for three sessions straight, giving way for local currencies to end in the green. Also Read: Top 5 Commodities That Generated Massive Profits in 2024 Factors Contributing to the U.S. Dollar’s Decline Local Currencies on the Rise This development is allowing local currencies to rise this week and delivering profits to forex investors. Traders who took an entry position in the USD could see their portfolios in the red in the last seven days. The U.S. dollar remains under pressure currently as traders open positions in local currencies. Also Read: Saudi Arabia’s Bahri To Acquire 9 Advanced Oil Tankers For $1 Billion Why is the U.S. Dollar Falling This Week & Local Currencies Risi...

Analysts recently debated whether or not the Bitcoin halving is still a meaningful catalyst for BTC’s price discovery. A recent panel at the Swan Pacific Bitcoin festival was cleverly titled, “Are halving price cycles bullshit?” Throughout the discussion, host and founder of the Bitcoin Layer Nik Bhatia asked Marathon Digital CEO Fred Thiel, Swan CIO Ralph Zagury and Swan product manager Andy Edstrom to share their thoughts on whether the Bitcoin halving is truly a bullish event or just another narrative that novice investors buy into.  While the panel’s headline might be offputting for some, the inquiry is of great interest to all manner of Bitcoin (BTC) and cryptocurrency investors. The conventional belief held by many in the space is that the Bitcoin supply halving is a bullish phenomenon that when complete, is followed by near parabolic upside in BTC price. Go and ask any Bitcoin lover about what they’re most excited about in the next year and if they don’t mention the chance ...

SOL price jumped 20% after falling to its worst level since February 2021 with Solana's technicals suggesting that more upside is possible. Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021. Solana price down 97% from November 2021 peak  On the daily chart, SOL's price rebounded to around $10.25, up over 20% from its previous day's low of approximately $8.  SOL/USD weekly price chart. Source: TradingView Nevertheless, the intraday recovery did little to offset the overall bear trend — down 97% from its record peak of $267.50 in November 2021, and down over 20% in the past week.  But while the year has been brutal for markets, Solana now joins the ranks of the worst-performing tokens of 2022, namely FTX Token and LUNA, which are down around 98%.  FTT (red) vs. LUNA (green) vs. SOL (blue) performance since November 2021. Source: TradingView SOL price could recover 5...