Crypto News Sentiment

Updated: 1 month and 7 days ago

Crypto sees highs with Hyperliquid's record volumes and potential altcoin breakouts, but XRP signals decline. Lido slashes staff while White House eyes crypto bias and Vine Coin anticipates drop.
Positive news

Bitcoin Mining Difficulty Continues to Rise Bitcoin mining now requires an astronomical 127 trillion tries, yet miners remain optimistic despite increasing difficulty and decreasing margins.

Binance and MEXC Launch Airdrop with Dynamic Rewards Binance and MEXC have partnered to launch an airdrop program for the Cycle Network, offering dynamic rewards to participants.

Hyperliquid Shatters Monthly Trading Volume Records Hyperliquid, a leader in decentralized perpetual futures, achieved a new all-time high in monthly trading volume, reaching nearly $320 billion in July.

XRP MVRV Ratio Shows Potential for Further Decline XRP's MVRV ratio has crossed below its 200-day moving average, indicating possible upcoming price drops according to an analyst's analysis.

Bullish Launches IPO Roadshow for NYSE Debut Bullish, a digital asset platform, has initiated its IPO roadshow, aiming to provide regulated crypto exposure to institutional investors.

Stellar (XLM) Consolidates Near $0.42 Stellar (XLM) is stabilizing around $0.42 after a significant July rally, with analysts predicting potential gains by the fourth quarter.

Analysts Identify Avalanche (AVAX) and TRON (TRX) as Next Major Altcoin Breakouts As BlackRock's Bitcoin ETF nears approval, analysts highlight Avalanche (AVAX) and TRON (TRX) as potential major altcoin breakout candidates.

Negative news

Lido Slashes 15% of Staff

Lido Labs, including its subsidiary Lido Alliance and the Ecosystem, has reduced its workforce by 15%, citing operational cost concerns.

Meta Stock to $1,000?

Following a recent decline, Meta Platforms' stock has risen 7% in the past week, with an analyst predicting it could reach $1,000.

Bitcoin: Old Coins Move Unbothered

Despite a significant transfer of decade-old Bitcoin worth $114 million, long-term buyers remain unfazed, continuing to accumulate Bitcoin.

White House Targets Banks for Crypto Bias

The White House plans to impose fines on banks for political and cryptocurrency bias, as detailed in an executive order.

Vine Coin Price Prediction

Vine Coin is expected to experience a bearish trend this week, potentially dropping by 10%, according to a 24-hour heatmap analysis.

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