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Several Layer 1 tokens are soaring as SEC cases are called into question after a favorable XRP ruling.
Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The latest price moves in crypto markets in context for July 13, 2023.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
- 14:33JPMorgan: Bitcoin's Upside Potential in the Second Half May Surpass GoldAccording to TheBlock, JPMorgan analysts stated that the rise in gold from mid-February to mid-April suppressed Bitcoin's performance. However, in the past three weeks, Bitcoin has rebounded by 18%, while gold has fallen by 8%, with funds shifting from gold ETFs to crypto funds. A series of catalysts include: Corporate Accumulation: Strategy (formerly MicroStrategy) plans to raise another $42 billion to buy Bitcoin by 2027, and Bitcoin strategy companies like Metaplanet continue to purchase; Government Reserves: New Hampshire allows 5% of state assets to be allocated to Bitcoin, and Arizona is establishing a digital asset reserve; The derivatives market is gradually maturing. Nikolaos Panigirtzoglou, Managing Director at JPMorgan, pointed out: As more U.S. state governments consider including Bitcoin in their reserves, this could become a continuous positive factor.
- 14:32Analyst: Bitcoin and Strategy Price Charts Synchronize with Golden Cross, Potential Technical Upsurge ExpectedAccording to CoinDesk, analyst Omkar Godbole released an analysis report indicating that Bitcoin and the price chart of the largest global Bitcoin holder, Strategy, have simultaneously shown a technical bullish signal. The daily charts display the 50-day moving average crossing above the 100-day moving average, forming a "golden cross." Analyst Omkar Godbole pointed out that this simultaneous signal suggests that the short-term trend is surpassing the long-term trend, potentially indicating the start of a major bull market wave. However, the analyst also noted that on-chain data shows that whale market participants are turning cautious, with the current price encountering resistance in the $101,000 to $107,000 range, and the key support level being $98,000.
- 14:27Zunami Protocol Confirms Hack with Estimated Loss of $500,000According to PeckShieldAlert, Zunami Protocol has confirmed a hacker attack, with collateral assets of zunUSD and zunETH stolen, resulting in a loss of approximately $500,000. The attacker has transferred the stolen funds to the mixing platform Tornado Cash. The team states that an investigation is currently underway.