Sahm Rule indicates US recession remains likely but crypto may be set for bullish reversal
Sahm Rule indicates US recession remains likely but crypto may be set for bullish reversalETC Group analysis indicates crypto could be set for a strong end to the year despite pending recession.
Happy Monday!The global crypto market cap is $1.99 trillion, with a 24-hour volume of $60.03 billion. The price of Bitcoin is $56,173.22, and BTC market dominance is 55.9%. The price of Ethereum is $2,329.09, and ETH market dominance is 14.1%. The best-performing sector is Bitcoin Ecosystem, which gained 15%. The Crypto Fear & Greed Index is currently Extreme Fear (26). 📰 Top News
Sahm Rule indicates US recession remains likely but crypto may be set for bullish reversalETC Group analysis indicates crypto could be set for a strong end to the year despite pending recession. 👀 Metric of The Day
Over the past year, Monday has consistently been the top-performing day for Bitcoin. Musk denies that Tesla will license xAI’s technology in exchange for revenue-sharingMusk refuted the WSJ article, claiming that xAI’s models are far too big to run on Tesla cars. Generating only $21 in revenue in 30 days, FriendTech relinquishes control of contractsCrypto community members have criticized the decentralized social media protocol's team handling of the project. Binance-backed Tokocrypto becomes third crypto exchange in Indonesia to secure PFAK licenseThe Indonesian crypto trading platform has seen a rapid increase in its numbers this year.
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Latest Market Report
Bitcoin’s historical performance: September dips and year-end ralliesCryptoSlate's latest market report dives deep into Bitcoin's historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024.
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Low exchange stablecoin ratio hints at strong Bitcoin demand
Sunday, September 8, 2024
A sharp decline in the stablecoin ratio suggests traders are accumulating Bitcoin, with the balance hitting its lowest point this year. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin falls below $54k as market sees volatility following jobs data
Saturday, September 7, 2024
Bitcoin fell below $54000 as uncertainty over potential rate cuts led to heightened market turbulence. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Russia mined over $3 billion in Bitcoin last year, boosting tax revenue amid sanctions
Friday, September 6, 2024
Chainalysis warned that Russia could leverage local exchanges like Garantex for tax evasion efforts. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Ripple seeks stay on $125 million SEC payout, signals potential appeal
Thursday, September 5, 2024
The legal teams stated that the agreement protect interest of both parties. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Trump’s DeFi venture to use Aave and Ethereum not Bitcoin with open-source approach
Wednesday, September 4, 2024
President Trump's DeFi venture legal adviser believes the project will help to on-board new users to the industry. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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January CEX Data Report: Significant Declines in Trading Volume Across Major CEXs, Spot Down 25%, Derivatives Down…
Friday, February 14, 2025
According to data collected by the WuBlockchain team, spot trading volume on major central exchanges in January 2025 decreased by 25% compared to December 2024. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Friday, February 14, 2025
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ADA outperforms Bitcoin as Grayscale seeks approval for first US Cardano ETF in SEC filing
Friday, February 14, 2025
Grayscale's Cardano ETF filing could reshape ADA's market position amid regulatory uncertainty ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
AI project trading tips: investment targets and position management
Friday, February 14, 2025
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DeFi & L1L2 Weekly — 📈 Polymarket recorded a new high of 462.6k active users in Jan despite volume dip; Holesky a…
Friday, February 14, 2025
Polymarket recorded a new high of 462600 active users in January despite volume dip; Holesky and Sepolia testnets are scheduled to fork in Feb and Mar for Ethereum's Pectra upgrade. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈 Polymarket recorded a new high of 462.6k active users in Jan despite volume dip; Holesky a…
Friday, February 14, 2025
Polymarket recorded a new high of 462600 active users in January despite volume dip; Holesky and Sepolia testnets are scheduled to fork in Feb and Mar for Ethereum's Pectra upgrade. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Donald Trump taps crypto advocate a16z’s Brian Quintenz for CFTC leadership
Friday, February 14, 2025
Industry leaders back Brian Quintenz's nomination, highlighting his past efforts at the CFTC and potential to revamp crypto oversight. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Friday, February 14, 2025
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Interview with CryptoD: How He Made $17 Million Profit on TRUMP Coin
Friday, February 14, 2025
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