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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.
- 02:23Mark Cuban: Federal spending cuts could trigger an economic downturnMark Cuban recently expressed concerns about the U.S. economic outlook, warning that significant cuts in federal government spending could trigger a chain reaction that may ultimately lead to an economic recession.
- 02:22The address with the largest loss on Cocoro sold off its holdings two hours ago, incurring a loss of $317,000According to EmberCN monitoring, the new meme coin Cocoro, created by the owner of the Doge prototype Shiba Inu, experienced a round of price fluctuations within 12 hours. A certain address bought Cocoro near its peak last night and sold it two hours ago, becoming the address with the largest loss on Cocoro. This whale purchased 6.4 million Cocoro at an average price of $0.0836, spending $534,000. Two hours ago, it sold at $0.0338, realizing a loss of $317,000 (-59%).
- 02:21Web3 data and AI company Validation Cloud has raised $15 million in a Series A funding roundWeb3 data and AI company Validation Cloud has announced the completion of a $15 million Series A funding round, led by True Global Ventures, with participation from Cadenza, Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital. The company reportedly has over $1.5 billion in staked assets, with clients including Chainlink, Aptos, Consensys, Stellar, and Hedera. The new funds will support its expansion in blockchain intelligence, AI data, and related fields.