The post Massive liquidations rock Bitcoin and Ethereum — what’s next? appeared on BitcoinEthereumNews.com. What caused Bitcoin and Ethereum to plunge into a liquidation spiral? With traders losing millions, how did market conditions shift so quickly, and what’s next? The crypto market is playing a game of hide and seek, with Bitcoin (BTC) and Ethereum […]

The post Altcoins Flash “Sell Your House” Buy Signal As Bitcoin Slips Below $60k appeared on BitcoinEthereumNews.com. Altcoins took a big blow in the wee hours of Wednesday morning after Bitcoin price slipped below the $60,000 support level. The total crypto market cap dropped by 6.7% as alts witnessed double-digit losses. Nevertheless, several tokens have […]

The post Kamala Harris proposes highest Capital Gains Tax in over 100 years for stocks and crypto appeared on BitcoinEthereumNews.com. Earlier in 2024, there was a significant backlash to President Biden’s proposed tax plan, which would see capital gains taxes rise to their highest levels in 100 years, unrealized gains become taxable for some individuals, […]

The post XRP Holds Above $0.58 as Another Whale Moves 97.2M XRP appeared on BitcoinEthereumNews.com. On Wednesday, the unidentified whale moved 97.2 million XRP in two separate transactions to two addresses worth $48.6 million. The price of XRP continued to hold above $0.58 as an unidentified whale jumbled 97.2 million XRP to an unknown destination. […]

The post ARKB Divests $101M Amid $127M Outflow From Bitcoin ETFs appeared on BitcoinEthereumNews.com. On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $101.97 million. Ether ETFs also saw declines, […]

The post GBP declines against US Dollar appeared on BitcoinEthereumNews.com. Pound Sterling declines against US Dollar amid caution ahead of US PCE inflation The Pound Sterling (GBP) exhibits a mixed performance against its major peers in Wednesday’s European trading hours. The British currency is expected to trade broadly sideways as investors look for fresh cues about […]

The post Tron’s SunPump Sees Rapid Growth; Justin Sun Announces SUN Revenue Burn appeared on BitcoinEthereumNews.com. Justin Sun announces first SUN revenue burn after SunPump’s impressive earnings. SunPump outpaces competitors, generating $259.2M in swap volume and $2.6M in fees. Success stories emerge as traders flip tokens, with some seeing massive returns. Tron founder Justin Sun […]

The post Justin Sun Praises TRON’s Seven-Year Reliability appeared on BitcoinEthereumNews.com. The recent downtime experienced by TON Blockchain has prompted a significant response from TRON’s founder, Justin Sun. Sun underscored that TRON has successfully operated without any interruptions for seven years, a statement that has led to various interpretations within the blockchain community. TRON’s Remarkable […]

The post SEK trading as an equity proxy again – Société Generale appeared on BitcoinEthereumNews.com. Despite the desynchronisation of ECB and Riksbank rates decisions, EUR-SEK rates differentials poorly explain the path of the FX rate, Société Generale FX strategists note. FX market is trading the krone as an equity proxy “The short rates spread has […]

On October 22-23, Dubai will host the 13th international forum Blockchain Life 2024 – one of the largest global events in the field of web3, cryptocurrencies, and mining. The forum will feature over 10,000 leading experts, crypto entrepreneurs, and enthusiasts from 120 countries. Participants and speakers will discuss earning strategies, current issues of crypto market […]