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Market realignment for a single U.S. Federal Reserve rate cut this year has dragged bitcoin and equities lower.However, after a recent rate cut by the Bank of Canada and the European Central Bank, the market expects the Federal Reserve and the Bank of England to follow suit in coming months, analysts said.
Share link:In this post: KuCoin Research reported that the crypto market saw over $1 billion in investments in May, a 10.61% increase from May 2023 but a 6.4% decrease from April. The SEC’s approval of a Spot Ethereum ETF and strong U.S. stock market performance boosted crypto market confidence and capital inflows. Stablecoin market activity varied, with USDe reaching new highs while USDC and FDUSD issuance declined.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liab
Bernstein analysts have raised their price target for bitcoin to $200,000 from $150,000 by the end of 2025.The analysts also initiated coverage on MicroStrategy stock with an outperform rating, targeting a price of $2,890.
Bitget launched BRETTUSDT futures on June 14 , 2024 (UTC) with a maximum leverage of 25x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. BRETTUSDT-M perpetual futures: Parameters Details Listing time June 14, 2024 08:00 (UTC) Underlying asset BRETT Settlemen
Zapper introduced a new protocol aims to make on-chain data more accessible to users. It has also planned a ZAP token for the fourth quarter of this year.
The altcoin crypto market may present “some opportunities” for investors after “taking it on the chin” the last four months.
- 09:28The Bitget LaunchX project Jambo (J) was oversubscribed by about 33 times, and spot trading will open today at 18:00All subscription currencies for this period's LaunchX project, Jambo (J), on Bitget have been distributed. The fundraising amount for Jambo (J) this time is 5 million USDT to support its satellite launch plan. It is currently oversubscribed by about 33 times, with a total investment of 23,928,266 BGB (worth approximately 167 million USDT), and the number of participants is 33,886. The J/USDT spot trading channel will officially open at 18:00 today.
- 09:26ETH breaks through $3300Bitget market data shows that ETH has broken through $3300, currently reported at $3300.17, with a 24-hour increase of 1.57%.
- 09:26Santiment: Ethereum is under short-term pressure, but its long-term prospects are still viewed positivelyAnalyst Brianq from the on-chain analysis company Santiment stated that Ethereum (ETH) has recently seen a market value decline of 4.7%, far behind XRP and Solana's increases of 36.9% and 32.2%. This sparked controversy over Vitalik Buterin selling ETH, its degree of decentralization, and modular strategy. Despite short-term pressure, the growth in active Ethereum addresses and stable market share are considered to contribute to its long-term strategy to maintain a leading position in the blockchain field. The high negative sentiment on social media may provide opportunities for contrarian investors.