THE COIN STREET JOURNAL Market News – April 23rd, 2024 THE INITIAL RESPONSE TO BITCOIN HALVING Following the recent “halving” of the Bitcoin network, the cryptocurrency’s price has seen only a modest increase of around 4%, trading at approximately $66,500. This event, which reduces miner rewards for adding blocks to the blockchain, historically leads to …
THE COIN STREET JOURNAL Market News – April 12th, 2024 Ripple To Launch U.S. Dollar Stablecoin Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar. The stablecoin will always be backed 1-to-1 by an equivalent sum of assets …
THE COIN STREET JOURNAL Market News – February 6th, 2024 New U.S. bitcoin exchange-traded funds (ETFs) witnessed substantial growth, accumulating $7.7 billion in funds since their launch, as reported by asset manager CoinShares This surge effectively offset the $6 billion outflows experienced by Grayscale’s flagship fund, GBTC. Notably, BlackRock’s IBTC and Fidelity’s FBTC, prominent among …
THE COIN STREET JOURNAL Market News – October 10th, 2023 FIVE ALTCOINS POISED TO PERFORM In the ever-evolving world of cryptocurrency, investors are shifting their attention away from Bitcoin, which has reached a point of maturity, and are now seeking altcoins that promise substantial returns. With the multitude of altcoins in the market, pinpointing the …
THE COIN STREET JOURNAL Market News – August 25th, 2023 Exploring Promising Cryptocurrencies Amidst Market Volatility The cryptocurrency market has recently faced challenges due to a downturn in prices and shifting economic indicators. Despite the uncertainty, several cryptocurrencies are showing promise, catching the attention of investors seeking opportunities. Let’s delve into some of the notable …
THE COIN STREET JOURNAL Market News – July 14th, 2023 Ripple Labs’ Legal Battle and XRP’s Market Impact: A Mixed Verdict with Far-Reaching Implications In a recent court ruling, Ripple Labs achieved a partial victory against the U.S. Securities and Exchange Commission (SEC), which brought some clarity to the cryptocurrency industry’s regulatory landscape. While the …
THE COIN STREET JOURNAL Market News – June 9th, 2023 Bitcoin Now Undervalued vs S&P 500, According to This Metric That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price …
