The crypto market is treading water ahead of a critical U.S. Federal Reserve interest rate decision on Wednesday, with Bitcoin (BTC) trading at $58,500, down 0.2%, and Ethereum (ETH) up slightly by 0.3% to $2,305. Experts are raising red flags about Bitcoin’s resistance levels and the potential for volatility, particularly …
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Stablecoin issuer Circle is expanding its native issuance of USD Coin (USDC) and deploying its Cross-Chain Transfer Protocol on the layer-1 blockchain Sui. In a Sept. 17 X post, Evan Cheng, co-founder and CEO of Mysten Labs, revealed that his firm’s blockchain—Sui—has partnered with Circle to bring USDC to the …
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Bitcoin leads global crypto investment products’ $436 million rebound as Ethereum funds struggle: CoinShares
by James Huntby James HuntCrypto funds at asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares returned to net inflows of $436 million globally last week, according to CoinShares, after two consecutive weeks of net outflows. “We believe the surge in inflows towards the end of the week was driven by a …
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Money flowed back into Bitcoin exchange-traded funds (ETFs) and other crypto investment vehicles last week—just in time for the Federal Reserve’s key meeting tomorrow. Data from Jersey-based digital asset manager CoinShares showed on Monday that a total of $436 million hit funds that give exposure to cryptocurrencies. This came after …
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Bitcoin, Ethereum Sink After Another Trump Assassination Attempt and Ahead of Interest Rate Decision
The crypto market saw significant losses as Bitcoin and Ethereum fell following a second assassination attempt on former U.S. President Donald Trump over the weekend. At the time of writing, BTC has fallen 2.1% to $58,950 levels and Ethereum dropping around 4.2% to $2,315 levels in Monday’s European trading session. …
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XRP’s price has been giving mixed signals lately but there is some interesting news on the horizon. Grayscale is set to launch an XRP Trust, which will give accredited investors direct access to XRP. This trust could lead to an XRP ETF in the future, attracting more traditional investors. Matt …
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XRP is back in action, breaking past $0.5900 and eyeing its July 2024 high of $0.6602, all thanks to Robinhood re-listing it on its commission-free platform! This comes as Ripple’s legal battle with the SEC officially ends, sparking optimism in the crypto community. While the addition of XRP to Robinhood’s …
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US spot bitcoin ETFs log highest daily inflows in nearly two months as BTC challenges $60,000
by Zack Abramsby Zack AbramsSpot bitcoin exchange-traded funds in the United States had their best day for inflows in nearly two months on Friday—despite the fact that the largest ETF on the market logged no inflows of its own. On Friday, US-based spot bitcoin ETFs logged a daily total net inflow of $263.1 million, …
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XRP is stealing the spotlight this week, beating top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) after a big update from Grayscale Investments. But not everyone is impressed. Popular crypto trader Sensei is betting against XRP, calling it a “shitcoin.” So, is XRP about to hit new highs, or is …
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Illustration by Mitchell Preffer for Decrypt. Is Bitcoin back? For at least a little while, it feels like it may be. This time last week, it was trading for $53,229. It’s now trading above $60,000, according to CoinGecko. That’s a 12% rise over seven days, and a threshold unseen since …