Cryptocurrency news etrscrypto
Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units. Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks https://cryptoharry.net/category/altcoins/. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably.
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Cryptocurrency market news today
As of August 1st, President Donald Trump’s aggressive tariff strategy is beginning to take effect. While tariffs are traditionally a concern for traditional markets and international trade, their ripple effect is now increasingly being felt in crypto markets. Tariffs often trigger inflationary pressures and destabilize fiat currencies, conditions that sometimes push investors toward Bitcoin and other digital assets as a hedge. However, in the short term, these sudden shocks often lead to liquidity crunches and panic selling, especially in risk-on assets like altcoins.
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, fintech, and iGaming industries. To support the free use of our website and sustain our editorial operations, some of the links published on our site may be affiliate links. This means we may receive a commission if you click through and take action—such as signing up for a service or making a purchase. These commissions come at no additional cost to you. Our affiliate relationships help us maintain an open-access platform, but they do not influence our editorial decisions. All news, reviews, and analysis are produced with journalistic independence and integrity. Thank you for supporting responsible and accessible reporting.
Altcoins have taken an even harder hit. Solana (SOL) is down by nearly 4.8%, now priced at $171, while Cardano (ADA) and Dogecoin (DOGE) fell by 4.89% and 5.87% respectively. XRP also saw a drop of around 3.7%. The current sideways action across many tokens has pushed the Altcoin Season Index down to 37 out of 100, meaning that Bitcoin continues to dominate market attention.
As of August 1st, President Donald Trump’s aggressive tariff strategy is beginning to take effect. While tariffs are traditionally a concern for traditional markets and international trade, their ripple effect is now increasingly being felt in crypto markets. Tariffs often trigger inflationary pressures and destabilize fiat currencies, conditions that sometimes push investors toward Bitcoin and other digital assets as a hedge. However, in the short term, these sudden shocks often lead to liquidity crunches and panic selling, especially in risk-on assets like altcoins.
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, fintech, and iGaming industries. To support the free use of our website and sustain our editorial operations, some of the links published on our site may be affiliate links. This means we may receive a commission if you click through and take action—such as signing up for a service or making a purchase. These commissions come at no additional cost to you. Our affiliate relationships help us maintain an open-access platform, but they do not influence our editorial decisions. All news, reviews, and analysis are produced with journalistic independence and integrity. Thank you for supporting responsible and accessible reporting.
Altcoins have taken an even harder hit. Solana (SOL) is down by nearly 4.8%, now priced at $171, while Cardano (ADA) and Dogecoin (DOGE) fell by 4.89% and 5.87% respectively. XRP also saw a drop of around 3.7%. The current sideways action across many tokens has pushed the Altcoin Season Index down to 37 out of 100, meaning that Bitcoin continues to dominate market attention.
Cryptocurrency news predictions
For instance, Bitcoin (BTC) reached a new milestone in March 2024, when its value surpassed $70,000. Ethereum’s price reached the $4,000 mark despite widespread liquidations across the market and the U.S. SEC delaying decisions on ETH ETF filings from Blackrock and Fidelity.
The most common way of predicting crypto price movements is using technical indicators. These are tools that will help you analyze crypto price charts and determine whether a cryptocurrency is currently overvalued or undervalued.
Furthermore, Bitwise predicts that Ethereum’s upgrade, EIP-4844, aimed at drastically reducing transaction costs, could catalyze the first wave of mainstream crypto applications by enabling new use cases like micropayments and large-scale gaming.
Sec cryptocurrency news
A sweeping policy initiative announced by Wall Street’s top regulator on Thursday was cheered by crypto-industry participants, who hailed what they said was its potential to not only rewrite the rule book for digital assets but to also transform financial markets.
Each presents distinct challenges for regulators. As the crypto market evolves, adaptable and well-thought-out regulations could encourage consumer protection while maintaining the financial change for which the sector is known.
Atkins’s new policies also have the potential to bring back crypto companies and projects that exited the U.S. during Gensler’s tenure, said Alexander Blume, chief executive at crypto trading firm Two Prime. Gensler’s regulatory approach prompted some firms to relocate to more crypto-friendly jurisdictions, Blume noted.
“We get asked all the time, like, ‘when can we bring our products to the US?’ And it’s always been a little bit sad. As an American company we have to geofence our products from U.S. users and do everything we can to keep us people out,” Allman said.
Following the bankruptcies of FTX, BlockFi, Voyager Digital, and other cryptocurrency platforms, the U.S. Securities and Exchange Commission (SEC) ratcheted up its enforcement of anti-fraud and securities regulations in the crypto scene. The results suggest that finding cases wasn’t difficult: in 2023 alone, the SEC took 26 cryptocurrency enforcement actions.
