Fed Holds Rates, Trump Strikes With New Tariffs as Bitcoin and Alts React: Your Weekly Crypto Recap
Another important, volatile, and eventful week passed by. It had traders and investors looking out for the latest Federal Reserve meeting, which took place a few days ago. But before it, bitcoin’s price had recovered from last week’s plunge below $115,000 on Friday and had returned to its familiar...
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Did the IMF Just Formally Recognize Bitcoin? Here Are the Top Cryptos to Buy in August
Sometimes it takes only a few words to mark a major policy shift. For all the attention given to recent US crypto legislation, including the GENIUS Act and CLARITY Act, the International Monetary Fund and United Nations Statistical Commission may have done just as much for crypto adoption in...
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Crypto Price Analysis August-01: ETH, XRP, ADA, SOL, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Despite a serious attempt to reach $4,000, Ethereum failed to hit this key psychological target. Sellers returned at around $3,900 and pushed the price lower, which made this cryptocurrency close this week in red...
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Filecoin Drops Over 6%, Breaks Key Support at the $2.38 Level
Filecoin (FIL) displayed sharp volatility with a trading range of over 6% during the last 24-hours, according to CoinDesk Research’s technical analysis model. The token broke key support at the $2.38 level on high volume, the model showed. AI platform SingularityNET has chosen Filecoin for metadata storage through Lighthouse,...
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Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan
Bitcoin (BTC) miners enjoyed another strong month in July, with profitability reaching the highest level since the last halving event, Wall Street bank JPMorgan (JPM) said in a research report Friday. “Bitcoin miners earned an average of $57,400 per EH/s in daily block reward revenue in July, up 4%...
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CoinDesk 20 Performance Update: Bitcoin (BTC) Price Drops 1.3% as All Assets Decline
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3811.95, down 2.5% (-97.17) since 4 p.m. ET on Thursday. None of the 20 assets are trading higher. Leaders: BTC (-1.3%) and BCH...
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Tokenization of Real-World Assets is Gaining Momentum, Says Bank of America
While U.S. dollar-backed stablecoins continue to dominate the conversation, recent discussions with investors indicate a growing focus on the tokenization of real world assets (RWAs), including stocks, bonds, bank deposits, and real estate, Bank of America (BAC) said in a report Monday. According to BofA, this shift marks the...
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U.S. Added Just 73K Jobs in July, Unemployment Rate Rose to 4.2%
U.S. jobs market growth slowed considerably not just last month, but in May and June as well, likely giving more fuel to those calling for Federal Reserve rate cuts. Nonfarm payrolls rose 73,000 in July, according to a Friday morning report from the Bureau of Labor Statistics. That’s up...
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Crypto Treasury Companies Risk Ignoring Lessons from History, Warns Galaxy
The rapidly-expanding crop of public companies using their stock to accumulate digital asset treasuries ought to trigger lessons from history about the way compounded risks can spread through the financial system and then dramatically unravel, warns a report on the trend by Galaxy Digital. The growth model of Digital...
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BNB Slides as Tariffs, Stronger Dollar and Fed Policy Weigh on Crypto Markets
BNB fell more than 4.5% in the last 24 hours, dropping from around $805.7 to $766 at the time of writing as investors move away from risk assets as U.S. interest-rate cut hopes faded. The selling accelerated near $803, where a surge in trading volume, roughly 56% above average,...
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