Decentralized systems like the electric grid and the World Wide Web scaled by solving communication bottlenecks. Blockchains, a triumph of decentralized design, should follow the same pattern, but early technical constraints caused many to equate decentralization with inefficiency and sluggish performance. As Ethereum turns 10 this July, it’s evolved from a developer playground into the
The FED interest rate decision, which is followed with great curiosity in the Bitcoin (BTC) and cryptocurrency markets, will be announced this week. The Fed will announce this month’s interest rate decision on Wednesday, July 30. The market is generally pricing in a 97.4% probability that the Fed will leave interest rates unchanged in July,
Bitcoin BTC$118,588.21 volatility bulls may soon get their wish because seasonal patterns in Cboe’s Volatility Index (VIX) suggest Wall Street is poised for increased turbulence. The VIX measures the anticipated 30-day swings of the S&P 500 benchmark. Its historical pattern, according to Barchart.com, shows a frequent August surge, often preceded by a decline in July.
Crypto finance platform Matrixport, citing its reverse seasonal analysis published a month ago, announced that they predicted the possibility of Bitcoin rising to $116,000 and that this prediction has now come true. Matrixport: Bitcoin Reaches $116,000 Target, But Late Summer Correction May Be Coming While emphasizing that market sentiment is becoming increasingly positive, the company
The month isn’t over yet, but Bitcoin and Ethereum ETFs have already set a record with $11.2 billion in inflows, according to crypto asset manager CoinShares. The final tally will arrive after the bell rings on Thursday. ETH funds have been stealing the show lately and last week was no exception, said CoinShares Head of
Bitcoin is trading just under $119,000, with new on-chain data suggesting the current market cycle may be nearing its top, arriving as soon as late August or early September. Summary Bitcoin’s MVRV 365DMA shows a pattern similar to the 2021 double-top, indicating a possible peak by late August. Macro tailwinds and Fed expectations are supporting
Zodia Markets, the crypto trading firm majority-owned by Standard Chartered (STAN), has raised $18.25 million led by Pharsalus Capital. The Series A funding round will be used to support Zodia’s international expansion effort and further develop its stablecoin payments services, according to an announcement on Monday. Zodia is aimed at financial institutions, offering them a
After a couple of volatile weeks, Bitcoin (BTC) experienced a modest rebound on Monday, July 28. However, with major U.S. crypto policy reports due July 30, the flagship digital asset could still surprise us this week. Further complicating the situation, President Trump’s recent announcement of a new trade framework with the European Union (EU) covered
The biggest institutional Bitcoin bull, Strategy (formerly MicroStrategy), is resuming its weekly buying streak. At this point, Strategy announced that it did not purchase Bitcoin (BTC) between July 21-27. The company, which last purchased 6,220 BTC worth $739.8 million at an average price of $118,940 between July 14 and 20, still holds 607,770 BTC purchased