Bitcoin rose above $43,000 on Wednesday, suggesting that a recovery from a two month-long downtrend is underway.Alternative cryptocurrencies (altcoins) such as FTM, XLM and the popular dog-themed shiba inu (SHIB) token led the way higher, all up more than 10% over the past 24 hours. The rally in altcoins, which typically outperform bitcoin in a rising market, reflects a greater … [Read more...] about Market Wrap: Altcoins Rally as Bitcoin Buyers Return
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CRV Extends Rally as ‘Curve Wars’ Intensify
CRV, the governance token of decentralized exchange (DEX) Curve.Fi, is extending its five-month winning streak as the battle between DeFi protocols for control leads to a demand-supply imbalance.CoinDesk data shows CRV has gained 23% this month, with prices rising 12% to $6.56 in the past 24 hours. The token rallied 127% in the final quarter of 2021 even as market leader … [Read more...] about CRV Extends Rally as ‘Curve Wars’ Intensify
President Bukele predicts Bitcoin $100k rally, further legal adoption and more
Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized gains into new infrastructure projects including a hospital and a school.President Bukele predicted … [Read more...] about President Bukele predicts Bitcoin $100k rally, further legal adoption and more
Gamers Rally Behind ‘More Than Gamers’ NFT Project and Its Metaverse Roadmap
After selling out its 10,000-item NFT collection, the project – helmed by esports founder Aaron Kirshenberg – has received backing from metaverse investor QGlobe.Dec 30, 2021 at 3:00 p.m. UTCUpdated Dec 30, 2021 at 7:09 p.m. UTCMore Than Gamers announced a partnership with sportswear brand Champion. (More Than Gamers) Source link … [Read more...] about Gamers Rally Behind ‘More Than Gamers’ NFT Project and Its Metaverse Roadmap
Bitcoin ETF Rally Was Short-Lived
But the September dip didn’t last long. The market got a fresh jolt of enthusiasm when the first U.S. bitcoin exchange-traded fund – a bitcoin futures ETF, that is – launched in the fourth quarter. Bitcoin climbed from $40,000 toward $65,000 in October, spurring visions of $100,000 by the end of the year. It was not to be: The rally fizzled, bitcoin’s notorious volatility … [Read more...] about Bitcoin ETF Rally Was Short-Lived