The post Petrodollar deal falls apart: Will Bitcoin reap the benefits? appeared on BitcoinEthereumNews.com. The U.S.-Saudi Petrodollar deal’s non-extension stirs jitters in the global finance markets.  Analysts tip gold and Bitcoin as hedge tools amidst fears that the dollar might fall.  Saudi Arabia did not renew its 50-year-old Petrodollar agreement with the United States of […]

The post CEX exchanges record significant outflows in 30 days appeared on BitcoinEthereumNews.com. A report of the top 10 centralized exchanges (CEX) by asset value revealed that 9 out of 10 recorded significant outflows in the past month. According to DefiLlama, only one centralized exchange platform, Bitfinex, recorded significant inflows of $208.51 million.  Over the […]

The post Expert Says This Solana Cat Memecoin Will Destroy Shiba Inu and Dogecoin appeared on BitcoinEthereumNews.com. The host of the popular crypto channel Altcoin Daily has asserted that Solana meme coin MEW will “destroy” all dog-themed meme tokens like Shiba Inu and Dogecoin (DOGE). Altcoin Daily expressed this view in an analysis exploring how […]

The post Shiba Inu ETF Petition Gains Ground With Over 10,000 Signatures Collected appeared on BitcoinEthereumNews.com. With the approval of Spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC), the Shiba Inu community have continued to push for a SHIB ETF. The latest development in this effort is a petition to leading […]

The post Crypto market witnesses 270.4M selloff in the form of liquidations appeared on BitcoinEthereumNews.com. Bitcoin, the largest cryptocurrency by market cap, showed a downward trajectory very recently. Ethereum also showed a similar trend, and the selloff resulted in around $270.4 million liquidation. Binance is the top crypto exchange that featured $99.7 million in total […]

TL;DR Change in Bitcoin Metrics: Although active Bitcoin addresses have decreased, the Runes protocol has increased the number of transactions, reaching a monthly average of 617 thousand daily transactions. Runes Dominates Activity: Since April 2024, Runes has surpassed Ordinals and BRC-20, capturing more than 50% of the Bitcoin network’s transaction bandwidth. Implications for Mining and […]

The altcoin prices have noted volatile trading over the past few days, with Ethereum, Solana XRP, and others noting declines. Meanwhile, the decline in the broader crypto market also followed a slump in Bitcoin price, sparking discussions over potential reasons behind the slump. A flurry of macroeconomic factors and global trends could have weighed on […]

The post Tether Eyes Diversifying Portfolio with $1B Investment in AI and Biotech Sectors appeared on BitcoinEthereumNews.com. Hundreds of proposals every month, mostly from startups, are already being overseen. Tether recorded a $4.52 billion net profit for Q1 2024. Tether, the firm behind USDT stablecoin, has made news all over the world once again for […]

The post wWill Bitgert Hit a 200% Jump? Navigating This Week’s Market appeared on BitcoinEthereumNews.com. Bitgert altcoin is expected to rise by 200% this week: the whole crypto world is touched. Everyone holds their breath in anticipation of gains as investors expect huge profits from the movements of this altcoin. Let’s explore Bitgert’s ecosystem deliverables […]

The post Corrects from 1.3800 as US Dollar’s rally stalls ahead of Fed’s decision appeared on BitcoinEthereumNews.com. USD/CAD trades cautiously ahead of US Inflation and Fed’s policy outcome The Fed is expected to leave interest rates unchanged for seventh straight time. The BoC could deliver subsequent rate cuts, given weak labor market conditions. The USD/CAD […]