United States Dominates Global Crypto Market With Massive $9.3 Billion In Profits

In a recent report by market intelligence firm Chainalysis, it has been revealed that global crypto gains in 2023 amounted to a staggering $37.6 billion. This profit surge reflects improved asset prices and market sentiment compared to 2022.  Although this figure falls short of the $159.7 billion gains witnessed during the 2021 bull market, it [...]

The post United States Dominates Global Crypto Market With Massive $9.3 Billion In Profits appeared first on Crypto Breaking News.

View Details

Classic Minerals And AuResources Drive Blockchain-Backed Funding For Gold Mining Ventures

Classic Minerals Limited, an Australian gold exploration company, and AuResources AG, a Swiss fintech startup, have begun a $60 million funding initiative to leverage blockchain technology to boost the gold mining and fintech sectors. The collaboration is designed to accelerate the development of Classic’s gold projects, particularly the Kat Gap Project in Western Australia and the Forrestania Gold Project, by avoiding traditional commodity trade funding. Blockchain-Backed Capital In a move that bypasses traditional banking channels, AuResources, backed by digital and tokenization-focused bank Black Manta Capital, will provide the initial $10 million in funding.  This capital injection is intended to support Classic’s production capacity at the Kat Gap project and facilitate the development of the Lady Magdalene and Lady Ada deposits. By leveraging blockchain technology, the partnership introduces a new business model that aligns with the companies’ interests.  Related Reading: Solana (SOL) Price Primed For 50% Leap: Experts Turn Bullish Classic’s Kat Gap project, situated approximately 170km south of Southern Cross, has demonstrated potential. It boasts a $41 million reserve at 2.5 grams per tonne (g/t) and additional inferred resources of $120 million at 2.19g/t within the area.  Following a successful trial mining phase in mid-August 2023, the project has generated revenue, with gold sales surpassing $967,000 across the September and December 2023 quarters. The collaboration with AuResources aims to build upon this initial success, facilitating further exploration. In addition, Classic Minerals has acquired full control of the 500 km² Forrestania Gold Project Properties. The Forrestania Project, with a history of production and resources Inferred and Indicated, represents additional exploration and development for blockchain-backed financing. Gold Financing Enters The Digital Age After a long period of planning and support from investors, Ian Cooper, CEO of AuResources, expressed his excitement about the partnership by stating the following: Being able to reach this milestone today is the result of two years of dedicated work and the unwavering support of our investors. The entire team is proud to move forward, and we couldn’t have found a better partner than Classic Minerals. Furthermore, the financing structure, backed by gold “tokens” using distributed ledger technology, aims to provide investors with increased security and transparency.  Related Reading: Euphoria Or False Dawn? Why The Ethereum $4,000 Party Might End Soon On the other hand, John Lester, Chairman of Classic Minerals, expressed his gratitude towards AuResources and Black Manta Capital Partners for their support, stating:  The launch of this funding round firmly establishes Classic on the international stage. We are now poised to deliver exceptional value to AuResources, Black Manta Capital, and our esteemed shareholders. Overall, the partnership and the new funding strategy underscore the use and wider adoption of blockchain technology within the crypto asset industry and for traditional finance (TradFi) companies such as gold and other commodities.  Featured image from Shutterstock, chart from TradingView.com

View Details

Crypto Markets Monster Cycle: $7.5 Trillion Market Value By 2025, Bitcoin Targets $150,000

In a recent Bloomberg report, it has been revealed that the market value of crypto assets is expected to witness a remarkable surge, nearly tripling to $7.5 trillion by 2025.  Wall Street Firm Predicts Monster Of A Crypto Cycle The next few years are likely to usher in a monster of a crypto cycle, according [...]

The post Crypto Markets Monster Cycle: $7.5 Trillion Market Value By 2025, Bitcoin Targets $150,000 appeared first on Crypto Breaking News.

View Details

Crypto Market Slowdown Amid Rally? Prices Remain Strong With Bitcoin Above $62K

The crypto market has shown an incredible performance over the past week. Bitcoin has sustained momentum and risen above the $60,000 level, reaching $64,000. The levels reached at the end of February have suggested to many investors that March could be an even more impressive month for the current bullish rally. However, no prediction is set in stone, as many factors could swing investors sentiments and move the trends in the opposite direction. At the moment, the crypto market seems to have taken a small pause to catch its breath. Related Reading: Bitcoin Volatility Induces $700 Million Carnage In Crypto Futures Crypto Market Momentarily Slows Down The global crypto market reached a significant milestone for this bullish run a few days ago. As reported, the total crypto market cap hit $2T on February 27, an accomplishment not seen since April 2022. As March begins, the market cap for the crypto market sits at $2.3 trillion, representing a 17.97% surge in the 7-day timeframe. This growth has surpassed the level established in early 2022 and potentially clears the path to the $2.4 trillion mark seen in December 2021. Nonetheless, the market rise seemingly slowed down momentarily. The current market cap of $2.31 trillion represents a modest 1.32% decrease over the last day, according to CoinMarketCap data. Similarly, the total crypto market trading volume was around $127.9 billion at writing time, registering a significant 35.77% drop from yesterday. Trading volume chart in the last 24 hours. Source: CoinMarketCap The data shows that Bitcoin and Ether have faced over 40% market activity decrease compared to the trading volume registered 24 hours ago. Similarly, some of the largest memecoins showed a slowdown in performance. As the list below shows, Dogecoin (DOGE) registered a 5.9% price drop on the last day. Likewise, Shiba Inu’s (SHIB) price decreased by 5.8% in the same timeframe. Price performance of the top ten cryptocurrencies in the last 24 hours. Source: CoinGecko On the contrary, Solana (SOL) performed better on the last day than the top ten cryptocurrencies, registering a 4.1% price surge.  SOLs $134 price places it alongside DOGE as the best-performing cryptocurrencies among the top ten in the last seven. Among the largest gainers on the last day, PEPE reversed yesterdays 12% price drop after registering a 10.9% growth during the past 24 hours. Similarly, the dog-themed memecoins dogwifhat (WIF) and (BONK) registered a price increase of 20,66% and 6.65%, respectively. Bitcoin And Ether Remain Strong Amid The Market Volatility Some analysts expect a significant halving-related drop in Bitcoins price. Meanwhile, the King of crypto has shown strong resistance above a massive support wall, as crypto analyst Ali Martinez suggests. Over 1 million addresses are buying over 671,000 BTC within the $60,000 and $62,000 price range. Which, according to the analyst, highlights a strong investor confidence. This confidence could be a crucial support level and a cushion against a future price drop. #Bitcoin holds above a massive support wall, with 1 million addresses buying over 671,000 $BTC within the price range of $60,334 to $62,155. This accumulation zone highlights strong investor confidence and could serve as a crucial level of support for #BTC, potentially pic.twitter.com/lmghohWR1U — Ali (@ali_charts) March 1, 2024 At writing time, the flagship cryptocurrency trades at around $62,052.71, which only accounts for a 1% decrease from the day before. BTC has increased over 21.8% in the last week, and its only 10.34% lower than its all-time high (ATH) of $69,000 registered in November 2021. Likewise, its worth noting that Ether (ETH) has been showing a robust performance in the past few days amid the volatile crypto market. Maintaining its price range in the past 24 hours, the king of altcoins registered only a 1.8% price decrease from yesterday. ETH currently trades at $3,411.88, representing a notable 16.2% rise in the past week. Related Reading: Who Let The DOGE Out? Dog-Themed Coins Soar By 12%, WIF And FLOKI Lead The Way Bitcoin performance in the 1-day chart. Source: BTCUSDT on TradingView.com Featured image from Unsplash.com, Chart from Tradingview.com

View Details

US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision

The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central [...]

The post US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision appeared first on Crypto Breaking News.

View Details

Crypto Rallies Amidst Traditional Banking Crisis

Bitcoin and Ethereum experience a significant rally, while Cryptocurrency market cap rallies back above $1T amidst traditional banking crisis.

Continue reading at DailyCoin.

View Details

Bull Trap Confirmed? Market Cap Plunges Sub $1 Trillion, Bitcoin Sinks Past $20K

The crypto market has seen a significant drop in total cap & Bitcoin prices following negative news and regulatory concerns.

Continue reading at DailyCoin.

View Details

Cardano (ADA) Climbs to #7 by Market Cap Amidst “Cult” Criticism

Charles Hoskinson is defending his work in the industry following continued criticism.

Continue reading at DailyCoin.

View Details

Crypto Technical Analysis vs Fundamental Analysis: Which One Is Better?

Which one is better: crypto technical analysis vs fundamental analysis of the cryptocurrency

View Details

Crypto Market Cap: What Is Market Capitalization in Cryptocurrency?

Crypto market capitalization gives us a fact-based look at coins, which is useful for planning future investments

View Details

Bear market will last until crypto apps are actually useful: Mark Cuban

The billionaire investor said a bigger focus on applications and utility outside of finance would bring more back to the crypto space and possibly reverse the declining market.

View Details

Crypto Market Falls Again to $1.29T, As Bitcoin Bulls Revert Back

Crypto market dropped roughly by 6% in the last 24h. Bitcoin failed to hold its rally above $30,000 USD. The

View Details

Shanghai Reopens, How Do Markets React?

The financial heart of China, has formally ended its harsh two-month-long Covid lockdown today.

Continue reading Shanghai Reopens, How Do Markets React? at DailyCoin.com.

View Details

What Ethereum DeFi Tells Us About The Surprising Strength Of The Crypto Market

Ethereum DeFi isn’t en vogue of late, but that doesn’t mean it’s not an important part of crypto anymore. Especially if you consider what it says about the health of the overall cryptosphere. Covered: Ethereum, DeFi, And The Crypto Market Cap What TVL v. Crypto Market Cap Tells Us Ethereum, DeFi, And The Crypto Market […]

The post What Ethereum DeFi Tells Us About The Surprising Strength Of The Crypto Market appeared first on CryptosRus.

View Details

Crypto Heading For 10 Trillion Dollar Market Cap, According To Analyst

Technical analyst TechDev says signs are pointing to crypto heading for 10 trillion dollar market cap.  Covered: 2017 Similarities Point To Crypto Heading For 10 Trillion Dollar Market Cap Differences Between Bull Runs What Does This Mean For Your Bag(s)? Crypto Heading For 10 Trillion Dollar Market Cap Earlier this week, we saw that, based […]

The post Crypto Heading For 10 Trillion Dollar Market Cap, According To Analyst appeared first on CryptosRus.

View Details

Top 5 Metaverse Tokens Under $15 Million Marketcap

Metaverse is currently the hype and the alternate reality world. It is a shared augmented/virtual internet of realities that will keep us all joined and provide new experiences. This post is all about the top 5 metaverse tokens under the $15 Million market cap. Well, let’s take a look at the top 5 Metaverse tokens.

According to its website, PolkaCity is a completely autonomous NFT platform. This platform enables users to invest in virtual assets. This can be done in the form of a virtual city. Users can make profits by keeping virtual taxis, gas stations, and services. The current marketcap is $15 million. At the time of writing this, the POLC price is sitting at $1.82. 

The post Top 5 Metaverse Tokens Under $15 Million Marketcap appeared first on CryptoTicker.

View Details

Crypto market cap hits an all-time high of $2.5 trillion

The cryptocurrency market has set a new record with an all-time high of $2.6 trillion according to data from CryptoSlate.

The post Crypto market cap hits an all-time high of $2.5 trillion appeared first on CryptoSlate.

View Details

Crypto Flipsider News – Grayscale and ProShares Bitcoin ETFs, Crypto Market Cap ATH, Bakkt on NYSE, Steam Bans Crypto Games, Musk back to SHIB

Read Monday's breaking news in the daily digest!

Continue reading Crypto Flipsider News – Grayscale and ProShares Bitcoin ETFs, Crypto Market Cap ATH, Bakkt on NYSE, Steam Bans Crypto Games, Musk back to SHIB at DailyCoin.com.

View Details

Total Crypto Market Cap Reenters Monthly RSI Bull Zone

Bitcoin and its altcoin brethren are back bullish, both on individual price charts but also when looking at the total crypto market cap at large. The aggregate of all major and minor cryptocurrencies has fully reentered the bull zone on the monthly RSI, which could indicate that the bull market will blast back off any day now. Total Crypto Market RSI Returns To Bull Zone The study of technical analysis is subjective. The practice has nearly as many naysayers as crypto does, yet others swear by it. There is also much debate over what charts are worthy of such analysis. For example, charting Bitcoin dominance or the total cryptocurrency market cap might raise some eyebrows. Related Reading | Bitcoin Breakout Beyond $50K Brings Bull Market Fractal Back In View In the right hands, there is no data that isn’t valuable, and considering these charts can provide a small piece of the bigger picture regarding all market conditions. And currently, according to the RSI on monthly timeframes, crypto is as bullish as it gets. Monthly timeframes are most dominant and a high reading on the RSI often signals an asset – or in this case an asset class – is overbought. In digital currencies, however, when the RSI reaches such levels on the monthly timeframe it is when the asset is at its most bullish.   Is Bitcoin forming an ending diagonal? | Source: CRYPTOCAP-TOTAL on TradingView.com Technicals Suggest Another Several Months Of Bull Run Remaining Comparing the last major market cycle with the current, there is a key difference between this time and the last: a selloff took crypto out of the bull zone temporarily. But with it back, there might be no stopping Bitcoin, Ethereum, Litecoin, and the rest of the bunch. Ditching the RSI in place of the LMACD, the logarithmic scale version of the moving average convergence/divergence indicator, it is clear that momentum remains bullish and a bearish crossover was narrowly prevented. Is Bitcoin forming an ending diagonal? | Source: CRYPTOCAP-TOTAL on TradingView.com The total crypto market also has very little resistance above it, corresponding with the lagging span on the Ichimoku indicator. Unlike the 2017 cycle peak, the total crypto market has held above the base line and conversion line, which are currently crossed bullish. Related Reading | Proof-of-Work: Bitcoin Back Programs That Put Your Money To Work For You All technical signals combined suggest rapid price expansion as soon as the remaining resistance level on monthly timeframes is taken out. If the total market cap rally is to end after more than a cumulative 450 days of bull zone on the RSI, the bull run could have another few months left to go. #Crypto is back in the bull zone on the RSI. Looks like there could be a lot longer to go during this cycle. pic.twitter.com/D9UGG9gKYG — Tony "The Bull" Spilotro (@tonyspilotroBTC) August 25, 2021 Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

View Details

UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program

In a recently reviewed unpublished report by Reuters, United Nations (UN) sanctions monitors have alleged that North Korea engaged in a massive theft of crypto assets, raking in $3 billion through cyberattacks.  Nuclear Upgrades And Crypto Cyberattacks Unveiled According to Reuters, the independent panel of sanctions monitors revealed that despite international sanctions, North Korea continued [...]

The post UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program appeared first on Crypto Breaking News.

View Details