By Brigid RileyTOKYO (Reuters) -The U.S. dollar was largely steady on Wednesday, as traders avoided making big bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell, as well as a European Central Bank rate decision and U.S. jobs data later this week.In cryptocurrencies, bitcoin was picking up momentum again, although it stayed below a record high reached in a volatile overnight session.The absence of catalysts kept the dollar in a tight range, having slipped overnight on data showing the U.S. services industry growth slowed a bit last month.The February U.S. jobs report on Friday stands as a test…
Author: Web3 Daily Press Staff
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to cross its all-time high of $69,000 late on Tuesday. However, it fell down to the $63,000 mark soon after, which could have been caused by investors quickly selling their assets after the $69k mark was touched. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor gains and losses across the board. Memecoin Shiba Inu (SHIB), which was the biggest gainer yesterday, emerged as the biggest loser today, with a 24-hour dip of over 27…
The cryptocurrency market is hot and the latest news is that Dogecoin (DOGE) is up by 58%, Shiba Inu (SHIB) is going stronger at 126% and Raffle Coin (RAFF) just joined the game. All three ride against major turbulence and put on some handsome gains while taking on features to set themselves apart from the rest.Now, without any further ado, let’s dive into some of the latest news around Dogecoin (DOGE), Shiba Inu (SHIB) and Raffle Coin (RAFF), finding out their outstanding performance and unique value in this digital world of value.Dogecoin (DOGE): Riding the Wave of Market SentimentDogecoin (DOGE)…
© Reuters. VeChain’s Bullish Trajectory: Analysts Predict $1.8 Peak by October 2024 Coin Edition – VeChain (VET) faces bearish pressure, declining by 1.94% in the last 24 hours.Analysts project VET’s potential surge, eyeing $1.8 by October 2024.Fibonacci retracement levels signal key milestones for VET’s price trajectory. As the cryptocurrency market continues to evolve, VeChain (VET) has emerged as a notable contender, capturing the attention of investors and analysts. Recent analysis suggests a promising future for VET, characterised by a potential surge and strategic price targets. However, bearish sentiment has prevailed in the last 24 hours over the VET market after…
As Tether celebrates a significant financial milestone, reaching $100 billion in circulation, the spotlight turns to the digital dollar-pegged token’s influence on both the cryptocurrency market and traditional financial systems. This development underscores the critical role Tether plays in facilitating swift transactions within the crypto space, yet it also amplifies regulatory worries regarding its potential impact on broader market stability.Essential Utility Versus Systemic RiskTether’s utility as a primary tool for moving funds quickly across trading platforms is undisputed among crypto traders. Michael Hall, a leading figure in the cryptocurrency asset management sector, emphasizes Tether’s indispensable role in daily crypto operations.…
Polkadot (DOT) price suffered a harsh reversal after surging to its highest point since May 2022. It rose to a high of $10.70 and then pulled back to $9. At its peak, the coin had risen by almost 200% from its lowest point in 2023. However, unlike Bitcoin, DOT price remains over 84% below its all-time high.DOT suffered a harsh reversalPolkadot’s price action mirrors that of other cryptocurrencies like Bitcoin, Ethereum, and Avalanche. On Tuesday, BTC surged to a record high of $69,300 and then pulled back sharply. It was trading at $63,000 on Wednesday morning.This price action happened as…
Y’all aren’t going to believe this, but Coachella is doing NFTs again.In 2022, Coachella sold thousands of NFTs, including 10 digital “lifetime passes.” But it partnered with FTX US, Sam Bankman-Fried’s fall took the tokens with it, and owners were left chasing their promised benefits. Now Bitcoin is back, and Coachella’s trying NFTs again.Each $1,499 NFT in the initial collection comes with a 2024 VIP Festival Pass and access to an exclusive bar. Of 1,024 NFTs offered, three have been minted so far. This news is republished from another source. You can check the original article here
Dogecoin recently jumped to the $0.2 level for the first time since November 2021 amidst a month of exceptional bullish price action. Notably, DOGE is currently up by 128% this month and 97% in the past seven days, giving DOGE holders something to be happy about. According to a crypto analyst, this price surge is expected to continue and go parabolic to the $1 mark in this market cycle. Dogecoin Set To Perform Exceptionally WellCurrent market dynamics and bullish sentiment have seen DOGE shooting up in market capitalization after an extended consolidation period. A recent surge past the $0.20 price level…
For the first time in nearly two years, the total value locked in defi protocols surpassed $100 billion, reaching $101.3 billion. Lending represented $32.6 billion, or 32.2% of the total, with decentralized exchanges at $19.97 billion or 19.7%, collateralized debt positions at $12.22 billion, 12%, and restaking activities at $10.06 billion, 9.9%. All-time TVL by category from The Block The previous instance when defi TVL exceeded $100 billion was on May 11, 2022, with a TVL of $112.67 billion, as reported by DefiLlama. Concurrently, over 31.5 million Ether, valued at approximately $115 billion and constituting 26% of the total Ether…
Bitcoin’s Leap Beyond Its Former Price Record Signals New Positive Market Cycle, Says Chainlink’s Sergey Nazarov … Bitcoin.com News This news is republished from another source. You can check the original article here