Crypto token Financial News

crypto as the optimism sparked by President-elect Donald Trump’s embrace of the sector begins to cool. Bitcoin fell below $95,000 at one point on Tuesday, while an index of smaller digital assets slid as much as 15%, one of its biggest intraday drops of 2024.

Bitcoin (BTC) fell below $80,000 on Friday, hitting its lowest level in 3.5 months amid uncertainty over U.S. President Donald Trump's tariff plans, crypto regulations, and weak investor sentiment following a $1.5 billion hack in Ethereum. The world's largest cryptocurrency was last down 4.2% at $80,792, having touched an intraday low of $79,523, its weakest level since November 11.

Jim Rogers has issued a stark warning about Bitcoin, calling it a bubble that will eventually collapse. In an interview with ET Now, Rogers expressed skepticism about the cryptocurrency's long-term viability. «It is going to hurt a lot of people. I hope I am not one of them. I hope you are not one of them. I do not see any reality to the movement. In my view, it is a bubble, and it will blow up someday,» Rogers said, cautioning investors about the risks involved.

crypto token soared to more than $10 billion in market value on Monday, while enthusiasm over his crypto-friendly administration helped briefly lift bitcoin to a new record. Launched Friday night, Trump's so-called «memecoin» surged from less than $10 on Saturday morning to as high as $74.59 before giving up some of its gains on Monday. The token, branded $TRUMP and criticized by ethics experts, was last trading at $32.64, according to cryptocurrency price tracker CoinGecko.

Bitcoin ecosystem lies a fundamental process called halving, which plays a crucial role in shaping its supply dynamics and, consequently, its market prices. In a recent insightful discussion, Edul Patel, CEO of Mudrex, delved into the intricacies of Bitcoin halving and its implications for the market. Let's explore the key takeaways from his discourse.

crypto universe, Bitcoin’s (BTC) fourth halving event (expected around April 18) stands out as a pivotal moment. It augments the functioning of Bitcoin’s economic model wherein a calibrated reduction in mining rewards leads to a supply crunch. This event, occurring approximately every four years, is not only a procedural milestone but also a change that influences BTC’s scarcity, thereby impacting its value and the broader investment landscape. It is even more pertinent given the approval of Bitcoin spot ETFs in the US earlier this year. Bitcoin is already in a price discovery mode after breaching $72,000 this week. This is the first time that BTC hit an all-time high even before the halving. This bullish market sentiment can even extend into late next year giving a portfolio boost to all crypto investors.

Bitcoin rallied to a record high on Friday in volatile trade, as crypto mania continued to sweep through the investment community. The leading cryptocurrency topped the $70,000 mark for the first time, boosted by investor demand for new U.S. spot exchange-traded crypto products and expectations for global interest rates to fall.

Meanwhile, at 4.20 pm, the crypto token was trading 4% higher at $3,830. It has also gained nearly 65% in the last one month, and over 145% in the past one year.

Bitcoin, Ethereum, Solana, Cardano and Tron were trading in the red, while BNB, XRP, Dogecoin, Chainlink, and Toncoin were in the green. «The Bitcoin traders liquidating their positions as they were not able to meet the margin requirements as the Bitcoin process went up and then retreated in a short span after Bitcoin ETF listings. The market is expected to remain volatile in the coming weeks owing to the macroeconomic conditions,» said Shivam Thakral, CEO of BuyUcoin. At 12:19 p.m., Bitcoin (BTC) was trading 0.6% lower at $42,667, while Ethereum (ETH) was down 1.6% at $2,513. Whereas, altcoins, such as Toncoin and BNB, surged 13.2% and 4.5%, respectively. «BTC price experienced unexpected lows after the approval of the spot ETF, but the bullish performance of altcoins may signal an early reversal. The anticipation surrounding spot Bitcoin exchange-traded funds generated significant excitement, yet the failure to lead to a sharp upward movement may have prompted traders to take profits. This resulted in a sharp pullback to $41,500,» said ZebPay Trade Desk.

Vancouver-based blockchain infrastructure provider LayerZero Labs is coming up with its native token launch in the first half of 2024.

cryptocurrency, may rise more than five-fold in value by the end of 2026, according to global bank Standard Chartered, its latest prediction of rocketing crypto prices. Ether may hit $8,000 over the next two years as it becomes more widely used in blockchain-based covenants known as «smart contracts,» as well as gaming and the «tokenisation» of traditional assets, StanChart Head of FX Research, West, Geoff Kendrick wrote. Ether was trading on Wednesday at about $1,575. Assessing the value of cryptocurrencies is fraught with difficulty, as tokens such as ether or bitcoin that are not backed by traditional assets lack the gauges used to price stocks, bonds or currencies. The price of crypto tokens are generally driven by the sentiment of investors.

Cryptocurrency data aggregator CoinGecko has introduced a new category that lists cryptocurrencies that have been designated as securities by the United States Securities and Exchange Commission (SEC). 

Crypto investing app CoinSwitch on December 15 unveiled its new brand identity, with a logo, design change and a refreshed mobile app. The crypto unicorn is looking to diversify into wealth tech and other asset classes, and expects to launch its new offerings early next year, the company said.

crypto trading platform Bitbns has announced Zero TDS on its SIP investments in cryptos. The initiative aims to remove the taxation burden from the investors, encouraging them to undertake systematic investment plans (SIP) to leverage the benefits of rupee cost averaging to counter volatility. Investors availing of SIP for a minimum period of 12 months can invest without worrying about paying the TDS. While there is no minimum tenure for redemption, Bitbns will bear the TDS for SIP investments redeemed after 12 months.

Crypto community is in love with animals, or atleast the monikered tokens. After dog-based tokens, they have found their new love in Apes. This is evident as ApeCoin (APE) has zoomed about 1,000 per cent since its launch. In less than a week since its inception on March 17, the new sensation has delivered multibagger returns to investors. However, the token was trading at $10.6, dropping about 8 per cent in the last 24 hours. ApeCoin is an ERC-20 governance and utility token that powers the APE NFT ecosystem. Its newly launched crypto sensation is among the top 50 cryptocurrencies by market capitalization.

crypto market, sparked by a war between Russia and Ukraine, Waves crypto has managed to defy the market mood to deliver solid returns to investors. Waves has zoomed 33 per cent in the last 24 hours to $24.3, the data from Coinmarketcap suggests. The volumes on the token jumped more than 155 per cent as tokens worth over $2.03 billion exchanged hands in the last 24 hours. In the last one month alone, the crypto token has surged as much as 140 per cent. The latest spike in Waves is attributed to the announcement of its migration to Waves 2.0, which was made in February 2022. Under Waves 2.0, there will be a new generic governance model.

token is not a new fad. However, there is a crypto token that is struggling to get its glory back but is still far behind its all-time peak. This token is so behind its previous peak that despite a 2.9 billion per cent rally, it is still 96 per cent below its previous peak and zoomed about 25 times to scale the previous highs.Ekta delivered a mammoth return of 2,893,266,376 per cent in the last seven days to $0.4039 from $0.00000001396, as per Coinmarketcap.com data.