THE COIN STREET JOURNAL Market News – August 30th 2024 BITCOIN UNDERPERFORMING IN AUGUST IS FACING CHALLENGES AHEAD In August, Bitcoin has underperformed compared to traditional assets, facing challenges such as reduced liquidity and concerns over potential government sales from their cryptocurrency holdings. This anxiety stems from the possibility that countries like the US, China, …
THE COIN STREET JOURNAL Market News – August 23rd 2024 BITCOIN’S PRICE SURGES TO $62,000 Bitcoin’s price surged to $62,000 on August 23 after the U.S. Federal Reserve announced its first interest rate cuts since 2019. This spike was captured by data from Cointelegraph Markets Pro and TradingView, showing a new local high of $62,323 …
THE COIN STREET JOURNAL Market News – August 19th 2024 BITCOIN TO REACH $500,000 OR $1 MILLION? Chamath Palihapitiya, a billionaire venture capitalist and co-founder of Social Capital, has expressed a highly optimistic outlook for Bitcoin. He predicts that Bitcoin’s price will reach $500,000 by late 2025 and eventually hit $1 million in the future. …
THE COIN STREET JOURNAL Market News – August 9th 2024 BITCOIN SEES SIGNIFICANT PRICE REBOUND AFTER STEEP DECLINE Bitcoin has experienced a significant price rebound after a steep decline earlier in the week, with the price swinging from highs of $70,000 last month to under $50,000 on Monday. The rebound aligns with a broader stock …
THE COIN STREET JOURNAL Market News – July 29th 2024 FERRARI TO BEGIN ACCEPTING CRYPTOCURRENCY PAYMENTS IN EUROPE Ferrari, the iconic Italian car maker, has announced that it will begin accepting cryptocurrency payments in Europe by the end of this month. This decision follows the successful implementation of a similar program in the US market, …
THE COIN STREET JOURNAL Market News – July 19th 2024 THIS WEEK IN THE CRYPTO MARKETS Bitcoin’s price hovered around $64,000 following a dip from $65,000 on Thursday. Earlier in the week, Bitcoin had briefly reached $66,000. This fluctuation is partly due to the increasing likelihood of President Joe Biden withdrawing from the upcoming U.S. …
THE COIN STREET JOURNAL Market News – July 12th 2024 BITCOIN SET FOR RENEWED BULLISH MOMENTUM The recent data from Capriole Investment’s crypto speculation index indicates that the speculative excesses observed in the first quarter of the year have significantly dissipated. This development suggests that the market could be resetting, creating a healthier environment for …
THE COIN STREET JOURNAL Market News – July 5th 2024 CRYPTO FEAR AND GREED INDEX HITS LOWEST LEVELS SINCE EARLY 2023 The Crypto Fear & Greed Index, a popular sentiment metric for the cryptocurrency market, has plummeted to its lowest levels since early 2023. This decline reflects extreme fear among investors following a significant drop …
THE COIN STREET JOURNAL Market News – June 28th 2024 SOLANA COULD BENEFIT IF TRUMP REGAINS PRESIDENCY A recent market analysis by GSR, a market-making firm, suggests that if Donald Trump regains the presidency, Solana (SOL) could see significant benefits, including the potential launch of a Solana ETF in the U.S. This shift could bring …
THE COIN STREET JOURNAL Market News – June 21st 2024 BITCOIN PRICE DECLINES : IS IT TIME TO BUY? Bitcoin’s recent decline from its all-time high has some investors questioning whether to buy the dip. Despite Bitcoin’s price being up over 50% for the year, the past three months have seen a significant drop. Currently, …
