Markets
The latest price moves in crypto markets in context for Dec. 19, 2023.
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
Ether is expected to outperform bitcoin and other cryptocurrencies next year due to the Ethereum blockchain’s EIP-4844 upgrade, the report said.
The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
Don't ready too much into the move, said one observer, calling it a typical position reset.
The latest price moves in crypto markets in context for August 24, 2023.
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.
Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound.
- 07:19A certain whale transferred 32.52 million NEIRO from CEX, becoming the third largest whale in terms of on-chain holdingsAccording to a report by Jinse Finance, monitored by Spotonchain, in the past hour, the whale "0x22b7" transferred 32.52 million NEIRO from CEX, equivalent to approximately $3.01 million, accounting for 3.25% of the total supply, becoming the third largest whale in terms of on-chain holdings.
- 07:16Strategy Launches AI Data Management Solution Strategy MosaicStrategy (formerly MicroStrategy) has released an AI data management solution called Strategy Mosaic. It is reported that Mosaic will build a universal intelligence layer and launch AI Agents, without exposing sensitive data to the underlying large language model (LLM).
- 07:16Investment Firm Pearl Fund Launches $500 Million Bitcoin Fund Pearl Bitcoin FundUS investment firm Pearl Fund has announced the Pearl Bitcoin Fund, a $500 million Bitcoin fund. It is reported that the Pearl Bitcoin Fund will be the first investment fund in the US that can exempt Bitcoin investment from capital gains tax. Its solution allows investors to obtain tax-free Bitcoin appreciation after a 10-year holding period, a feature currently unavailable in Bitcoin ETFs.