XRP and DOGE poised for significant upswings: analyst

Ripple’s XRP looks to be breaking from a descending channel, suggesting further upside momentum. Dogecoin price is poised amid a notable surge in DOGE transactions. Both coins traded lower this week as markets reacted to Binance news.

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With BitStream, Bitcoin Use In Data Markets Is On The Rise

BitVM and ZeroSync developer Robin Linus unveils BitStream, a trustless protocol for data transfers. Further new protocols show a budding use-case for Bitcoin in data markets.

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Ripple Payments expands its business to 70 markets

Ripple, a blockchain company, has expanded the coverage of its Ripple Payments payment network to 70 markets. According to the blog, with the expansion, Ripple will further optimize the efficiency of cross-border payments using the blockchain. Moreover, the service will…

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Bitcoin Tops $35K, Hitting 16-Month High; Options Positioning Suggests Price Has Further to Run

Bitcoin (BTC)surged past $31,000 Monday for the first time since mid-July as cryptocurrency markets continued their October bull run.

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Bitcoin Rises Above $31K, With Options Positioning Suggesting Price Has Further to Run

Bitcoin (BTC)surged past $31,000 Monday for the first time since mid-July as cryptocurrency markets continued their October bull run.

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Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data

ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.

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Coinbase Makes Its Way Into Canada With This New Partnership

Coinbase, the largest crypto exchange United States, has made a move on the international stage by officially expanding its crypto offerings to Canada. The exchange’s entrance into Canadian markets seems to be a calculated move to further crypto adoption while slowly evolving into a global crypto powerhouse.

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Binance Australia searched in probe of former derivatives activities

Binance Australia has come under further regulatory scrutiny, with a particular focus on its former derivatives activities, as reported by Bloomberg on July 4. Bloomberg reported that the Australian Securities and Investments Commission (ASIC), an integrated regulator for the country’s financial markets, searched various Binance Australia locations on the day of the report.

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Bitcoin-adjacent stocks boom as BTC surges, other US equities remain flat

Quick Take In a noteworthy development, Bitcoin has surged past the $31,000 mark. However, in stark contrast, both the Nasdaq and the S&P 500 indexes remained relatively unchanged, further emphasizing Bitcoin’s apparent negative correlation with traditional equity markets.

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Ripple Joins The Ranks Of Licensed Payment Institutions In Singapore As XRP Lawsuit Nears Its Conclusion

The approval places Ripple’s Singapore branch, Ripple Markets Asia Pacific, in a stronger position to further expand its customers’ use of the XRP-powered On-Demand Liquidity (ODL) service, which saw a 5X growth in the republic year-on-year.

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Crypto Traders Gear Up and Flock to AltSignals’ New Token, ASI

The Crypto markets can prove challenging to navigate due to the volatile nature of its response to Macro economic and political incidents which affect it. This volatility is further fuelled by the speculative nature of the projects to which cryptocurrencies are attached, with new and cutting-edge technologies being applied while in their infancy but with […] The post Crypto Traders Gear Up and Flock to AltSignals’ New Token, ASI appeared first on CoinJournal.

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Bitcoin Liquidity Crisis Gets Worse, Here’s What It Means For Price

Conor Ryder, researcher at digital asset data provider Kaiko, has examined the liquidity of the Bitcoin and crypto markets in a new study, finding that the liquidity situation in crypto has deteriorated further this month following the banking scares.

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As Crypto Markets Struggle To Recuperate, New Data Predicts Further Decline

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Solana down 18% in the past week, may fall further

The crypto markets are currently seeing price plunges, which began about a week ago. Solana (SOL) is one of the cryptos suffering the most in the current declines.

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Crypto News Shows Broader Market Stall, But Investors Are Still Swarming To Metacade

The beginning of 2023 saw further positive signs of improvement for crypto markets, which have had to endure a prolonged period of red candles for most of 2022. A spattering of green has produced some positive sentiment across the wider industry, although judging by certain price movements and the crypto news over recent weeks, the […] The post Crypto News Shows Broader Market Stall, But Investors Are Still Swarming To Metacade appeared first on CoinJournal.

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Visa reportedly testing USDC settlements on Ethereum

Visa’s head of crypto revealed the plans at a StarkWare event this week. The payments giant has been trialing large-value USDC settlements on the Ethereum blockchain. Swarm Markets co-founder Philipp Pieper says Visa’s crypto strategy could be key to further DeFi/TradFi integration.

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What will happen to crypto markets if Fed increases rates in March

From increased selling pressure to lower demand: in this article we are looking at the possible impact of further interest rate increases on crypto markets. After the rates increased seven times in 2022, the CME FedWatch tool predicts that the…

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Why are crypto prices rising? 2023 off to hot start

Key Takeaways Crypto markets have jumped to the start the year off positive macro news Next inflation reading is out on Thursday, which will cause further volatility Fight against inflation has long way to go, with investors not out of woods yet Solana has risen 65% since New Year’s Day, but fell drastically prior and […] The post Why are crypto prices rising? 2023 off to hot start appeared first on CoinJournal.

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Can Ethereum Prevent More Losses As Altcoin King ETH Slips 7% In Last 7 Days?

Further pain was inflicted on the markets as major cryptocurrencies Bitcoin and Ethereum slipped on macroeconomic pressures and other factors. As of time of writing, the top altcoin Ether has lost nearly 7% in the weekly timeframe.

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Bitcoin and equities roll over as markets digest another round of rate hikes: MacroSlate Report

On December 13., a further decline of CPI to 7.1% was met by an expected rally in equities and a drop in the United States dollar and treasury yields. The post Bitcoin and equities roll over as markets digest another round of rate hikes: MacroSlate Report appeared first on CryptoSlate.

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Aave temporarily freezes lending markets to fend off further attacks

The temporarily frozen lending markets include 12 Ethereum-based tokens and five stablecoins.

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Bitcoin Price At Risk Of Further Squeeze, BTC Bulls Defend $20,000

The Bitcoin price is holding on at its current levels with bullish momentum fading on lower timeframes. The crypto market’s recent sideways price actions seem related to the upcoming macroeconomic events and their potential influence across global markets.

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Riding Out The Crypto Winter With Rocketize Token and Polygon

The crypto market is just like every other market. It is no stranger to the bull and bear market. Unlike other markets, the crypto market is further plagued with extreme volatility and instability thanks to its decentralized nature.

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UK introduces crypto regulation amendment to finance markets bill

The UK government is seeking to provide further clarity on the regulation of cryptocurrencies, per the latest amendment to the Financial Services and Markets bill. According to an amendment note introduced on Friday, 21 October, the UK legislature wants to give regulators more control over crypto ads and ban unregistered crypto service providers.

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Grayscale Files Lawsuit Against the SEC, Cryptocurrency Markets Are Unchanged

The low volatility trend and sideways trading seen this week are still present in today’s cryptocurrency markets. Even though trading volume yesterday remained comparatively high, we anticipate further drops this Thursday for top crypto assets like Bitcoin and Ethereum.

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No Pivot In Sight: Why Bitcoin Could See More Pain As Inflation Strengthens

Bitcoin trends lower moving towards the bottom of a range created in July when the cryptocurrency scored a multi-year low at $17,600. Now, BTC seems poised for further losses on low timeframes as macro forces remain in control of global markets.

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Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

Markets corrected as U.S. jobs data reflected a stubbornly robust labor market, adding further confirmation to investors’ belief that the Federal Reserve will continue with its aggressive rate hikes.

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Global Markets and Bitcoin on Macro Support, All Eyes on DXY

Global markets and cryptocurrencies have been experiencing deep declines for months. The strong correlation of Bitcoin's price with traditional stock markets further exacerbates this trend. Dominating all of this is the parabolic rise of the U.

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ECB Hikes Interest Rate 75 Basis Points as Inflation Hits

Crypto markets reacted calmly to the news, but it may presage further aggressive action by central banks

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Bitcoin Is on Verge of Further Downfall, But S&P 500 May Save It

Fear weighs on crypto market, but there is still small chance of help from traditional markets

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Crypto & Stock Analyst Warns of Further Relief Rallies Before Eventual Breakout

The crypto markets face another downward momentum following a few weeks of persistent gains. Amidst this sudden price decline, well-known crypto and stock analysts ask investors to prepare for more hurdles.

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Tether and Kraken Transparency Audits Aimed at Boosting Further Confidence Into The Crypto Markets

Tether Holdings Limited has released its June 2022 Assurance Consolidated Reserves Report. The debate on the reserves held by Tether has been ongoing, with Tether asserting that its tokens are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether’s reserves.

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‘We Expect The Crypto Bear Cycle To Last For 12-16 Months’ — Coinbase CEO Armstrong

Coinbase CEO Brian Armstrong foresees the ongoing crypto winter crossing over into 2023 as fears of a further meltdown by markets across the board surge.

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Crypto Markets Look To This Week’s Jackson Hole Economic Policy Symposium For Further Direction

This week, the annual Jackson Hole Economic Policy Symposium will be held from August 25-27 in Wyoming, US. The symposium draws participants from central bankers, finance ministers, policymakers, academics, and other financial market participants worldwide.

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Over 200k BTC Has Been Dumped By Institutions Since May In The Heat Of The Bear Market

The last three months have not been particularly favourable to the crypto markets – the Terra collapse amidst the steadfast Crypto Winter further exacerbated the effects of the sharp decline in crypto prices.

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Robinhood cuts a further 23% of its workforce citing “Broad Crypto Market Crash”

Robinhood Markets Inc. (NASDAQ: HOOD), on Tuesday, announced that it will have to lay off a further 23% of its workforce after laying off 9% at the beginning of this year. The online brokerage firm blamed the declining crypto market for the drastic move.

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This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S. interest rates are back to pre-pandemic levels as the battle against inflation rThe post This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike appeared first on AMBCrypto.

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Market Wrap: Bitcoin Declines Further as Momentum Wanes

BTC is approaching support at about $20.5K; options markets implies concerns of additional declines in price.

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Cryptocurrencies Will No Longer Be Taxed In South Korea For The Next Two Years

The South Korean authorities have further postponed the implementation of its cryptocurrency taxation system for another two years. The government cited the devastating conditions that have plagued the markets of late as one reason, further highlighting the preparatory period required to fully enact suitable investor protection measures in the crypto space as a second reason. […]

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Why is half a billion in Bitcoin flooding market as Celsius faces fraud allegations?

Embattled crypto lender Celsius, who are staring insolvency in the face due to knock-on effects of the crypto contagion, about which I wrote a deep dive here last month, may be landing a further body blow to the crypto markets.

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Market Wrap: Recession Fears Halt Crypto Bounce

Analysts see too few positive signs to sustain a crypto rally as investors position for further pain in traditional markets.

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Unizen Plots Expansion Of CeDeFi After Securing $200M From Alternative Investment Group GEM

Unizen now has all the incentive it needs to further the cause of centralized-decentralized finance, having secured a $200 million funding commitment from the alternative investment group Global Emerging Markets.

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US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach

Michael Hsu, chief of the Office of the Comptroller of the Currency (OCC), said the recent fireworks in the crypto industry have further cemented his resistance to allowing lenders unfettered exposure to the digital assets markets.

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Bitcoin, Ethereum Price Down Over 30% This Week, Terra Classic (LUNC) Overtakes Terra 2.0 (LUNA) in Market Cap

Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets.

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Market Wrap: Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin (BTC) declined alongside equities and other cryptos on Friday. The higher-than-expected U.S. CPI print triggered risk-off sentiment across global markets. Technical indicators suggests risk of additional downside over the short-term.

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Britain Is Making Moves Toward Becoming Global Crypto Hub, Plans to Implement Blockchain into Traditional Markets

Britain takes further steps and plans to deploy blockchain to TradFi

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Bitcoin Struggles To Hold $40K While Crypto Track US Stocks

Crypto is mirroring stock markets’ gains again today, with Wall Street’s sharp climb after opening higher likely to provide further impetus for Bitcoin. Last Friday, the crypto market saw a significant decline correlating US Indexes.

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U.S. Dollar Index (DXY) Reaches Long-Term Resistance

The U. S. Dollar Index, which has experienced rapid growth in recent weeks, has reached long-term resistance. Much depends on the DXY's further movements, not only in the broad financial sector, but also in the Bitcoin and cryptocurrency markets.

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Is Bitcoin 'cheap' below $40,000? BTC derivative metrics are mixed

Bitcoin options markets are pricing further downside while margin traders are going increasingly long.

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