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Showing posts with the label digital asset

Here’s why Hyperliquid (HYPE) price spiked today

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Hyperliquid (HYPE) rallied sharply over the last 24 hours, outperforming most major cryptocurrencies. Notably, the price of HYPE surged 8%, rising from a low of $34.87 to as high as $39.06. With 336.7 million tokens in circulation, Hyperliquid’s market cap reached about $13.1 billion. HYPE daily price chart (24H). Source: Finbold Amid the rally, the daily trading volume surged over 15%, exceeding $691.2 million, according to CoinMarketCap data. Meanwhile, the price of Bitcoin (BTC) and Ethereum (ETH) recorded brief spikes — 1.07% and 0.8% respectively — at the time of Analysis . What’s behind HYPE’s price rally The token’s price rally aligns with a strategic corporate move aimed at advancing the Hyperliquid ecosystem through a “leading HYPE treasury strategy.” On October 22, a merger-stage entity, Hyperliquid Strategies Inc. (HSI), filed an S-1 registration with the U.S. SEC, stating plans to raise $1 billion by offering up to 160 million shares ...

Fundstrat’s Tom Lee: ‘Bitcoin is going to catch up to gold’

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Tom Lee, Fundstrat Global Advisors co-founder, has put forth a bullish prediction regarding Bitcoin’s (BTC) near-term price action on CNBC’s Squawk Box on April 21. Namely, the financial analyst believes that the leading digital asset struggled at the beginning of the year due to the overleveraged positions of institutional investors.  “Now that deleveraging is done, I think that Bitcoin is gonna catch up to gold. And Bitcoin’s old high was over $110,000, so I think there’s a lot of room to catch up as a sort of non-dollar asset.” At the time of writing on April 21, Bitcoin was trading at $88,210, having marked a 4.43% gain on the daily chart, which has brought year-to-date (YTD) losses down to 5.67%. BTC price 1-day and year-to-date (YTD) charts. Source: Finbold Here’s how much Bitcoin would have to rally to catch up to gold In contrast with the leading cryptocurrency, gold prices have increased by 30.31% since the start of the year, having reached ...

Binance Says Multiple Governments are Eyeing Their Own Crypto Reserves

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In a recent interview, Binance CEO Richard Teng confirmed that multiple governments and sovereign wealth funds have approached the cryptocurrency exchange about creating their own crypto reserves. Teng discussed the platform’s role in helping a host of nations establish cryptocurrency regulations. Moreover, he noted that those conversations have included the possible development of various national strategic Bitcoin reserves. JUST IN: Binance says multiple governments and sovereign wealth funds have approached the company about creating crypto reserves. — Watcher.Guru (@WatcherGuru) April 17, 2025 Also Read: BlackRock CEO Says US Dollar is at Risk of Losing Reserve Status to Bitcoin Binance Says Governments & Sovereign Wealth Funds are Exploring the Creation of Their Own Crypto Reserves Throughout the first three months of the year, the digital asset sector has been a dominant story. Indeed, the United States has sought to overhaul its digital asset policy. The returning Trump adm...

Pi Coin Price Prediction: Can It Surpass $1.10 on April 5th?

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Pi Coin’s price prediction for April 5th is pointing to a really significant breakthrough as cryptocurrency market analysts are currently tracking the digital asset’s movement. Also Read: Gold to Surge 10.7% by May 2025 – Safe-Haven Demand Drives Price to $3,448.54 Pi Coin’s April 5th Outlook: Market Trends, Forecasts & Key Signals Source: VRITIMES Pi Coin’s price stands at $0.691914 at the time of writing. As CoinCodex reveals, the market is displaying a neutral sentiment while the Fear & Greed Index actually reads 26, which is indicating “Fear” among cryptocurrency market participants. Pi Coin has recorded only 7 green days in the last month, with volatility measured at around 31.23%. The Pi Network ecosystem continues to develop despite these fluctuations, which many traders and investors see as kind of typical of the broader cryptocurrency market these days. Source: CoinCodex Following a bullish trend in the previous 30 days, analysts expect May t...

How High Will Shiba Inu (SHIB) Surge In January 2025?

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The Shiba Inu (SHIB) ecosystem was in sync with the rest of the market as the meme coin was on a downtrend. It looks like most assets in the industry were ending the year painted red. Bitcoin (BTC), the world’s largest cryptocurrency, slipped below the $100,000 mark. Amidst this, SHIB and other coins also struggled. Will SHIB continue this trend or start a fresh chapter in January 2025? Also Read: Asset Choice: Will Bitcoin Become More Lucrative Than Gold In 2025? Shiba Inu Price Sinks: Will it Bounce Back? Source: Watcher Guru During press time, Shiba Inu was trading at $0.00002167. This comes after a 2.23% drop over the past 24 hours. The meme coin’s monthly returns remain at a negative 20%. Meanwhile, the asset’s annual gains were at 106%. Throughout the past year, the meme coin has surged to a high of $0.00004534. Despite this, SHIB remains 75% below its all-time high of $0.00008845. Source: CoinMarketCap This drop came while Shytoshi Kusama, the lead developer of ...

UK authorities unveil  guidelines for crypto reform

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The Law Commission of England and Wales has issued recommendations to reform the legal framework surrounding digital assets. The new regulations will cover securities-style and e-money under the Electronic Money Regulations. The U.K.’s new regulations will bring protection and accountability to the crypto asset market. The UK is aiming for amenable crypto regulation Digital assets, including crypto-tokens (cryptocurrencies) and non-fungible tokens (NFTs), have become increasingly prevalent in modern society. They serve purposes such as investment, payment transactions,  representation of debt, and equity securities. NEW: Today we have published our recommendations for reform and development of the law relating to digital assets, like #NFTs and # crypto tokens. Our reform s aim to provide greater legal clarity and encourage technological innovation. Read more here: https://t.co/GEbJkTQWUm pic.twitter.com/VNPsmwkdXR — Law Commission (@Law_Commission) June 28, 2023...

7 Startups Join Mastercard Program to Make Cryptocurrency More Accessible

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Payments giant Mastercard has added seven startups to its Start Path program to make cryptocurrencies more accessible. “We’re welcoming a new cohort of startups to ease access to digital asset s, build communities for creators and empower people to innovate for the future through Web3 technologies,” said Mastercard. Mastercard: ‘Anyone Who Uses Crypto Should Be Able to Do so Simply and Safely’ Payments giant Mastercard announced Thursday that seven startups from around the world have joined its Start Path program. The announcement details: Through the Mastercard Start Path global startup engagement program, we work with digital asset, blockchain and cryptocurrency-based companies that share a vision to make blockchain technology and digital assets more accessible. “We’re welcoming a new cohort of startups to ease access to digital asset s, build communities for creators and empower people to innovate for the future through Web3 technologies...