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Ether posted nominal gains in the past 24 hours alongside the broader market.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Stride's native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol's security by several thousand percent.
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
The latest price moves in crypto markets in context for July 18, 2023.
Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.
VIPLeading projects on Optimism- 14:45Analyst: Holiday effects unemployment benefit data fluctuations, application differences reveal labor market trendsOn December 26, analysts Nancy Lazar and Dave Wigglesworth from financial company Piper Sandler stated that the holiday season would bring fluctuations to the seasonal adjustments used in unemployment claim data. However, the difference between initial claims for unemployment benefits and ongoing claims reflects a deeper trend: The number of first-time applicants for unemployment benefits has remained relatively stable, dropping to 219,000 in the most recent week, while the number of those still unemployed and continuing to claim benefits has risen to its highest level since the end of 2021. This suggests that everything is normal for most people with jobs - there hasn't been a surge in layoffs - but once unemployed, it's hard to find new work. This aligns with a labor market that is cooling down but not yet collapsing.
- 14:30Japanese Prime Minister: Currently lacking sufficient information to consider Bitcoin as a strategic reserveAccording to Cointelegraph, Japan's Prime Minister Ishiba Shigeru stated that the government currently lacks sufficient information to consider Bitcoin as a strategic reserve. Meanwhile, the United States and Brazil are exploring similar measures.
- 14:21The trading volume in the encryption market has declined in the past 48 hours, and the low interest rates of the Federal Reserve may have turned from a tailwind into a headwindAccording to CoinDesk, as most regions around the world celebrate Christmas, Bitcoin (BTC) fell below $93,000 on the eve of the holiday and then quietly returned to the $100,000 level. However, when Asian markets opened Thursday morning, its rise stalled slightly above $99,800 and quickly dropped to about $95,000 just a few hours later. Data shows that in the past 48 hours, cryptocurrency price trends have definitely occurred at very low trading volumes. While Bitcoin has still more than doubled this year so far; however it may have overlooked one point in its decline over the past week - that tailwinds from low interest rates may have turned into headwinds.
