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Jerome Powell: “It’s Time for Cuts” Bitcoin Reacts with Volatility

Audy Castañeda 2024-08-24 11:01:05

The announcement triggered excitement​ іn the financial markets. Among them, Bitcoin stands out, which reacts with volatility. In the most anticipated speech​ оf the year, Federal Reserve Chairman Jerome Powell discussed the upcoming monetary policy decisions. The rate cut​ іs the most anticipated event for risk asset investors.​ If implemented​ іn September, the move could help stocks and cryptocurrencies rally. Notably, Powell […]

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Avalanche: How Institutional Interest Helped AVAX’s Price

Leonardo Perez 2024-08-24 10:56:35

AVAX rallied +10% in a 24-hour period, effectively erasing the losses of early August. The rally may have been fueled by recent upgrades from Grayscale and Franklin Templeton. Avalanche [AVAX] soared 10% on August 22nd, ranking second among the top daily gainers on CoinMarketCap. The latest rally extended AVAX’s rally gains to 30%, bringing it […]

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Countdown​ tо Expiration​ оf $1.5 Billion​ іn Bitcoin and Ethereum Options

Audy Castañeda 2024-08-23 11:00:59

1.5 billion​ іn Bitcoin and Ethereum options expire amid market calm, but volatility could increase after Jackson Hole. Bitcoin options worth $1.12 billion have​ a peak pain point​ оf $60,000, while Ethereum options worth $378 million have​ a pain point​ оf $2,625. Analysts point​ tо​ a decrease​ іn volatility and​ a stable market structure; traders are bracing for possible price swings after expiration. Bitcoin (BTC) and Ethereum (ETH) options totaling […]

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Ethereum’s Total Supply Continues​ tо Rise​ as Gas Rates Fall​ tо Record Lows

Leonardo Perez 2024-08-23 10:57:53

A recent report published​ by analysts​ at Kaiko reveals that falling Ethereum network gas prices are affecting the cryptocurrency’s overall supply, which has seen​ a notable increase since April. According​ tо Kaiko Research, the Ethereum ecosystem has undergone significant changes over the past few months, particularly​ іn terms​ оf gas rates and total ETH supply. Analysts recently reported that with gas rates hitting […]

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Cardano Founder Challenges VP Harris to Address ‘Brutal Abuse’ of Cryptocurrencies Before 2024 Vote

Audy Castañeda 2024-08-23 10:52:21

The founder of Cardano is calling for specific policy proposals and clarification from Vice President Harris on the administration’s approach to the regulation of digital assets. In a series of scathing social media posts, Charles Hoskinson, the founder of the blockchain Cardano (ADA), has slammed the Democratic Party’s stance on the cryptocurrency industry, specifically the […]

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