Global #Cryptocurrencies

In a notable sign of growing institutional confidence in digital assets, U.S. Bitcoin exchange-traded funds (ETFs) have experienced a surge in inflows, attracting $2.4 billion in the second quarter of 2024.

In a surprising move that has caught the attention of investors and market analysts alike, the New York Stock Exchange (NYSE) has decided to withdraw its plans to list options on Bitcoin exchange-traded funds (ETFs).

Cardano (ADA) has recently reached an all-time high (ATH) in a critical on-chain metric, suggesting that a notable rally could be on the horizon despite the token's recent underperformance.

In the ever-evolving realm of financial markets, Forex and cryptocurrency trading stand out as two prominent avenues through which traders seek to capitalize on global economic shifts.

In a significant development for cryptocurrency investors in New Jersey, Abra, a crypto trading and lending company, has reached a settlement with the New Jersey Bureau of Securities. The agreement, which follows a multi-state investigation into the sale of unregistered securities, mandates that Abra convert the remaining crypto assets in New Jersey accounts to US dollars and issue refund checks to investors.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) each encountered significant resistance levels over the weekend, leading to declines that suggest potential continuation of downward trends in the coming days. Here’s a closer look at the technical analysis and current market conditions for these major cryptocurrencies.

The Financial Conduct Authority (FCA), the UK’s financial regulator, has recently issued a new round of guidance aimed at tightening control over how cryptocurrency companies advertise their services.

In a landmark decision, U.S. District Judge Analisa Torres has ruled on the Ripple SEC lawsuit, delivering a substantial blow to the U.S. Securities and Exchange Commission’s (SEC) massive financial demands.

In a notable rebound, the cryptocurrency market has surged by approximately 2% over the past 24 hours, pushing its total market capitalization above the $2 trillion threshold. This upswing marks a significant recovery from recent downturns and underscores the market's resilience.

As of now, Bitcoin and major altcoins exhibit stability, yet the aftermath of the weekend's sharp liquidation has left a significant impact on the market. The recent wave of liquidations, which saw billions in leveraged positions wiped out, has created a technical pressure on prices, even though the market seems stable at press time.

On August 5, the cryptocurrency market experienced a dramatic crash, resulting in a significant spike in activity on major exchanges. Binance, in particular, saw a substantial influx of capital, recording $1.2 billion in net inflows as traders responded to the sharp decline in cryptocurrency prices.

In a dramatic shift within the cryptocurrency market, Shiba Inu has edged ahead of Avalanche, now holding a market valuation of $7.9 billion compared to Avalanche’s $7.8 billion. This rise in Shiba Inu's valuation comes despite a sharp downturn in the cryptocurrency market earlier today.