Avalanche reached its all-time high on Thursday, jumping almost 30% in less than 24 hours.And while surges like this aren’t uncommon among high market-cap cryptocurrencies, Avalanche’s rally is unique as the token defied the overall market downfall.Strong on-chain activity and ambitious partnerships are behind Avalanche’s rallyLaunched in September 2020, Avalanche has had a … [Read more...] about Avalanche sets all-time high of $110. What’s driving growth?
Driving
Inflation fears or ETF driving Bitcoin price? The Market Report is live with Big Cheds
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:Then, special guest Big Cheds shares some technical analysis on trending charts, the factors he looks at when making trades and altcoins to … [Read more...] about Inflation fears or ETF driving Bitcoin price? The Market Report is live with Big Cheds
Female-focused brands accept crypto payments driving adoption
While Bitcoin (BTC) may be considered as a store of value for many, some consumers across the globe may be thinking otherwise. Recent data has revealed that 46 million people in the United States plan to use cryptocurrency to pay for things such as groceries or real estate. Payments giant Visa further revealed in July that its crypto-enabled cards processed over $1 billion in … [Read more...] about Female-focused brands accept crypto payments driving adoption
Currency devaluation in Nigeria is driving a crypto boom in the country
Data from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December.Observers say this is partly due to the central bank’s recent currency devaluation, which weakened the naira to its lowest ever level against the dollar.The resulting boom in crypto activity lends support to the idea that cryptocurrency provides a … [Read more...] about Currency devaluation in Nigeria is driving a crypto boom in the country
A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report
Bitcoin (BTC) plunged 7.38% to hit a five-month low of $29,313 on June 22 as the market faced the prospect of another sell-off, this time led by miners affected by a recent crackdown against cryptocurrency entities in China.Bitcoin drops below $30,000 for the first time since January. Source: TradingViewThe People's Bank of China said on June 21 that it had summoned multiple … [Read more...] about A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report