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XRP price prediction is in focus as the $0.50 support level breaks down, raising concerns about potential further selling.

Bitcoin, the world’s leading cryptocurrency, struggled to maintain its recent mild upward trend, peaking at $66,180 but turning bearish around $64,700 and dropping to an intraday low of $64,300.

Mridul Gupta, Chief Operating Officer of CoinDCX, in a recent live stream on ETMarkets, provided valuable insights into the dynamic world of cryptocurrency investments. Gupta explored foundational concepts such as Web3 and blockchain, discussed the significance of cryptocurrencies as an emerging asset class, and offered practical advice for navigating this ever-changing market.

cryptocurrencies has sparked immense interest and debate worldwide. From Bitcoin to Ethereum, these digital currencies have not only challenged traditional notions of money but have also emerged as a new asset class with significant investment potential. In a recent live stream session on ETMarkets, Sathvik Vishwanath, Co-Founder & CEO of Unocoin, delved into the reasons why cryptocurrencies are becoming increasingly indispensable as an asset class. Evolution of Money: From Barter to Cryptocurrencies

Bitcoin (BTC), the leading cryptocurrency, fell from $70,230 during a bearish correction and completed a 50% Fibonacci retracement at around $68,789. This shift is driven by US economic data, increasing expectations of a Federal Reserve rate cut in September.

Bitcoin (BTC/USD) is currently trading at $69,088, reflecting a slight decline of 0.33%, signalling a bearish Bitcoin price prediction.

Get your daily, bite-sized digest of blockchain and crypto news today – investigating the stories flying under the radar of today’s news.

cryptocurrency, understanding what gives digital assets their value can seem like cracking a complex code. Recently, Parth Chaturvedi, Head of Investments at CoinSwitch Ventures, took the stage in an enlightening session aimed at unravelling the enigma behind the fundamental value of crypto assets. Here's a breakdown of the key insights and tools shared by Parth Chaturvedi during the live stream on ETMarkets.

Securities and Exchange Board of India (SEBI) has recommended several regulators oversee crypto trade nationwide. This move has sparked considerable interest within India's crypto community, given the RBI's historically strict control over digital assets. It's important to highlight that since 2018, the RBI has maintained strict control over cryptocurrencies, forbidding banks and other regulated entities from facilitating crypto transactions. However, SEBI's recent proposal for a multi-regulator approach to oversee crypto trading has injected a sense of anticipation into the market.

CIFDAQ, a new-age fintech company that offers integrated solutions spanning the blockchain layer 1, native coin, exchange services, MPC Wallet, DeFi, NFT, gaming, and other products, has launched its India operations. The fintech firm is headquartered in Mumbai and has offices in Delhi, Bengaluru and Kolkata.

crypto market, with Bitcoin reaching all-time highs, altcoins and meme coins are also experiencing a surge in popularity. It is important to educate investors about meme coins as more people are engaging in regular buying and investing activities.

Bitcoin introduced the concept of cryptocurrency to the world in 2009 and its subsequent role as a virtual asset was completely unintentional. When investors saw tremendous scope in Bitcoin as an asset class, its trading valuation heavily depended on the fact that its total quantity was fixed at 21 million. The price of Bitcoin has another important factor influencing it — the mining rewards. In layman's terms, the miners who are needed to validate Bitcoin transactions are “rewarded” for their efforts with Bitcoins itself. This is the only way new bitcoins or BTC are made available in the system. Since the first BTC(genesis) was mined in 2009, it has had three halving events. What this means is that the mining rewards are halved, leading to a halving of the new supply of BTC. In 2009 from 50 BTC as reward, it halved to 25 BTC when the first halving happened in 2012. It is currently at 6.25 BTC after the 2016 and 2020 halving events. The upcoming 2024 event expected shortly will reduce this to 3.125 BTC. BTC will continue halving till 2140

Ethereum (ETH) is classified as a security, a spot Ethereum exchange-traded fund (ETF) might still be possible. The recent launch of several Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) was a positive step for the crypto industry, offering investors a clearer path to participate in the virtual digital asset class. This regulatory progress has fueled optimism within the crypto space, with many anticipating a similar green light for Ethereum ETFs in the near future. The success of Bitcoin ETFs, alongside the ongoing price rally, has undeniably instilled a sense of excitement about the potential of Ethereum and the broader blockchain landscape.

bitcoin, a Deutsche Bank survey published on Monday showed, although just under a third of those questioned still expect its price to drop sharply by the end of 2024.

Bitcoin has shown resilience, rebounding to the $67,000 mark after the Federal Reserve's decision to maintain key interest rates for the fifth consecutive meeting. However, this upward trajectory was short-lived as Bitcoin promptly retreated to the $65,000 level, spurred by a strengthening US dollar possibly catalyzed by the Swiss Central Bank's decision to reduce interest rates by 25 basis points. Additionally, the outflows on Bitcoin spot ETFs especially from Grayscale’s GBTC rose contributing to the downward trend. Despite these temporary setbacks, Bitcoin has managed to sustain itself above the critical $60,000 threshold, showcasing impressive growth of 26% over the past month and a staggering 133% over the past year. The next support level would be around $64,000, with resistance expected at $67,300. Concurrently, Ethereum hovers around the $3,500 mark, with bullish sentiments aiming to reclaim levels above $3,600, potentially triggering an upward trend.

Bitcoin fell 6.4% to $60,969 on Wednesday, hitting its two-week low ahead of the Federal Reserve's policy decision and commentary later in the day. Concurrently, Ethereum, the second-largest cryptocurrency, also saw a decline of 9%, falling to $3,075. A sell-off in Bitcoin was also accompanied by record outflows from Grayscale’s Bitcoin Trust, accelerating the asset losses by the fund since it converted into an exchange-traded fund this year.

Bitcoin’s record-breaking rally appears to be creating around 1,500 new “millionaire wallets” daily, according to crypto analytics firm Kaiko Research. The wallets are digital addresses on the Bitcoin blockchain, in which users can store cryptocurrency. Data such as the number of tokens a wallet holds is accessible since the network is public and not controlled by any centralized intermediaries. However, the addresses are anonymous, making it hard to distinguish whether they’re controlled by individuals or entities.

Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price.

Mudrex, a Y-Combinator-backed global crypto investment platform, on Monday announced the launch of US Bitcoin Spot ETFs for Indian investors. Those interested can start investing in Bitcoin spot ETFs on Mudrex’s platform with a minimum amount of $5,000 and a maximum of $250,000. Mudrex empowers investors to choose individual spot ETFs, create a personalised basket, or opt for pre-listed options depending on market capitalisation.

Launched in 2015, Ether, also known as Ethereum, is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.

RBI) Governor Shaktikanta Das shed light on the evolving landscape of cryptocurrency and the progress of the central bank's digital currency initiative. Das reiterated the RBI's stance on cryptocurrency, emphasizing the risks and dangers associated with it. While acknowledging the technological advancements, particularly the blockchain technology underlying cryptocurrencies, Das emphasized the speculative nature of these assets. He highlighted the lack of underlying assets and corresponding liabilities, branding cryptocurrency as a speculative product.