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Bitcoin, Ethereum, XRP, Dogecoin Continue Slide Lower

Bitcoin, Ethereum, XRP, Dogecoin Continue Slide Lower

Cryptocurrency markets are trading lower on Monday, with analysts fearing a further slide in prices. Cryptocurrency Ticker Price Bitcoin BTC/USD $116,355.23 Ethereum ETH/USD $4,369.60 Solana SOL/USD $183.81 XRP XRP/USD $3.07 Dogecoin DOGE/USD...

Bitcoin consolidation below $123,000 reflects caution rather than market weakness

Bitcoin consolidation below $123,000 reflects caution rather than market weakness

Bitcoin’s (BTC) stalling between its recent all-time high and range lows is a sign of investors digesting the movement rather than market weakness. According to the August 18 Bitfinex Alpha report, BTC surged to a record $123,640 before retreating...

Bitcoin dips to $115K as profit-taking follows weak macro data

Bitcoin dips to $115K as profit-taking follows weak macro data

Bitcoin has pulled back to around $115,000, marking a 6.8% decline below its all-time high of $124,128, reached on Aug. 14. Summary Bitcoin retreats to $115K, about 7% below its Aug. 14 ATH of $124,128. Binance whale distribution and rising...

Bitcoin Market In Equilibrium: No Major Flow Between Old and Young Coins

Bitcoin Market In Equilibrium: No Major Flow Between Old and Young Coins

Bitcoin is once again facing a crucial test after slipping below the $120,000 level, with selling pressure weighing on price action. The market has entered a clear consolidation phase, with BTC moving within a well-defined range between strong...

Bitcoin, Ether, and Crypto-Tied Stocks Drop as Profit-Taking Persists

Bitcoin, Ether, and Crypto-Tied Stocks Drop as Profit-Taking Persists

Bitcoin (BTCUSD) prices fell Monday as investors continued to take profits after the token hit record highs last week. The token, which hit a record high of $124,500 early Thursday, was down around 2% at about $115,179. Ether, the second-biggest...

Bitcoin, XRP Longs Get Rekt and Charts Flash Warning Signs: Analysis

Bitcoin, XRP Longs Get Rekt and Charts Flash Warning Signs: Analysis

In brief Over $500 million in long positions in the crypto market were liquidated in the past 24 hours. Bitcoin and XRP prices are holding to support levels, but there are caution flags being waved. Ethereum, meanwhile, continues to show strength...

Bitcoin Drops To $115K Ahead Of Jerome Powell's Jackson Hole

Bitcoin Drops To $115K Ahead Of Jerome Powell's Jackson Hole

(MENAFN- Daily Forex) -content">Bitcoin (BTC) has experienced a notable decline, dropping 3% over the last 24 hours to trade at $115,100 on Monday. As the cryptocurrency market braces for Federal Reserve Chairman Jerome Powell's highly anticipated...

Bitcoin Miner TeraWulf's Stock Surges as Google Ups Its Stake in the Company

Bitcoin Miner TeraWulf's Stock Surges as Google Ups Its Stake in the Company

In brief Google has increased its pro forma stake in the Bitcoin miner to 14%. The firm last week signed a deal to expand its AI data center capacity. Its stock is booming as a result. Terawulf stock (NASDAQ: WULF) surged more than 12% Monday...

Bitcoin, Ethereum, XRP Headed For September Crash? Watch Out, Analyst Warns

Bitcoin, Ethereum, XRP Headed For September Crash? Watch Out, Analyst Warns

Prominent analyst Benjamin Cowen predicts a correction for Bitcoin BTC/USD, Ethereum ETH/USD and altcoins in September. What Happened: In a podcast on Aug., Cowen warned of a steep September correction across digital assets, citing historical...

​Bitcoin Comes Off Record High And Slips Through April-To-August Uptrend Line.

​Bitcoin Comes Off Record High And Slips Through April-To-August Uptrend Line.

(MENAFN- DailyFX (IG)) ​​Bitcoin bearish scenario: Monday's slip through the April-to-August uptrend line at $116,864.00 is short-term bearish. A fall through the 55-day simple moving average (SMA) at $114,985.24 may put the key May peak-to-early...

Bitcoin Network Hashrate Rose 4% in First Two Weeks of August: JPMorgan

Bitcoin Network Hashrate Rose 4% in First Two Weeks of August: JPMorgan

The Bitcoin network hashrate rose 4% in the first two weeks of the month to an average of 937 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Monday. The hashrate refers to the total combined computational...

Bitcoin Down To $116,000: 'Shakeout' Before Going Higher Or Final Stop Before $112,000?

Bitcoin Down To $116,000: 'Shakeout' Before Going Higher Or Final Stop Before $112,000?

Even as Bitcoin BTC/USD slipped below $115,000 on Monday morning after rejecting resistance at $122,000 over the weekend, analysts are pointing to a decisive test at $112,000 that could determine whether the market stabilizes or accelerates lower....

Why African Fintech is Outpacing Silicon Valley (And What the West Can Learn)

Why African Fintech is Outpacing Silicon Valley (And What the West Can Learn)

While Silicon Valley celebrates incremental improvements to already-sophisticated financial systems, African fintech companies are solving fundamental problems that affect billions of people. After driving over $12 million in revenue growth across...

Ripple CTO Declares Blockchains Can Solve Problems Outside Of Cryptocurrencies

Ripple CTO Declares Blockchains Can Solve Problems Outside Of Cryptocurrencies

Ripple’s Chief Technology Officer, David “JoelKatz” Schwartz, recently shared his view that blockchains are not only about cryptocurrencies but could also solve many other problems. He explained that the fintech company’s vision has always gone...

Solo Bitcoin Miner Beats the Odds, Scoring $365K BTC Jackpot

Solo Bitcoin Miner Beats the Odds, Scoring $365K BTC Jackpot

In brief A solo Bitcoin miner solved a block on Sunday—a rare feat these days. The independent miner took home around $365,000 in rewards and fees. Mining Bitcoin is a cutthroat industry; even the major players face challenges. An independent...

BNPL to make inroads; more banks open to tie up with fintechs

BNPL to make inroads; more banks open to tie up with fintechs

Buy Now Pay Later (BNPL) is expected to make further inroads in Qatar’s financial landscape with more banks set to sign strategic pact with fintechs providing "growth enabling" services, according to experts. "The lenders are seized of its (BNPL)...

Dutch Crypto Firm Amdax Aims for Euronext Listing with Bold Bitcoin Treasury Strategy

Dutch cryptocurrency service provider Amdax is making waves in Europe’s financial sector with plans to launch AMBTS BV, a Bitcoin treasury company targeting a listing on Euronext Amsterdam. The firm aims to accumulate 1% of all circulating...

Breaking: SEC Delays Decision on Trump’s Truth Social Bitcoin and Ethereum ETF

Breaking: SEC Delays Decision on Trump’s Truth Social Bitcoin and Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has extended the review period, which it has to either approve the Truth Social Bitcoin and Ethereum ETF. This further delays the potential launch of one of the few funds that can provide investors...

Breaking: Michael Saylor’s Strategy Adds 430 Bitcoin, MSTR Stock Dips

Breaking: Michael Saylor’s Strategy Adds 430 Bitcoin, MSTR Stock Dips

Strategy, previously MicroStrategy, has again acquired more BTC for its treasury, as it continues to dominate as the largest Bitcoin treasury company. This latest purchase comes at a time when the flagship crypto is facing a market correction,...

Easy sign-ups, early exits: the tale of dormant fintech wallets in Nigeria

Easy sign-ups, early exits: the tale of dormant fintech wallets in Nigeria

The Nigerian fintech boom has been driven by massive app sign-ups. But this growth hardly translated into sustained use. Industry data suggest a large number of dormant fintech wallets in Nigeria. As one report noted, “access does not always...

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