Crypto News Sentiment
Updated: 8 days and 4 hours ago
Avalanche Price Recovery: Avalanche's price has shown signs of improvement after weeks of sideways movement, with analysts pointing to potential recovery and a breakout.
Ethereum Network Activity: Ethereum’s daily transaction count has reached 1.8 million, marking a one-year high and highlighting the platform’s vitality and scalability advancements.
Tips for Recovering from a Crypto Scam: Guidance is provided for new traders who have fallen victim to scams, emphasizing the importance of learning from mistakes and continuing to trade responsibly.
Best New Crypto Tokens: PEPENODE, Maxi Doge, and Snorter are highlighted as promising new tokens to consider for investment, following the broader crypto market rebound.
Spot Crypto Trading Legalization: U.S. regulators have cleared the way for registered exchanges to facilitate spot crypto trading, removing legal barriers and supporting market growth.
SEC Chair Supports Spot Crypto Trading: U.S. regulators, including the SEC and CFTC, have backed spot crypto trading, signaling a move towards greater market freedom and innovation.
Polymarket Returns to U.S. Market: Polymarket has received CFTC approval to re-enter the U.S. market, marking a significant step forward in its operations.
Tom Lee’s Ethereum Forecast: BitMine chairman Tom Lee predicts Ethereum could reach $62,500 by year-end, based on his analysis of the ETH/BTC ratio and potential shifts in Wall Street’s settlement infrastructure.
Bitcoin Price Bounces Back but Analysts Warn of Upcoming Challenges
Bitcoin has rebounded slightly, trading above $112,000 after a recent dip. However, several analysts predict potential difficulties in September before a possible year-end rally.
Bitcoin Whale Holdings Reach Lowest Levels Since 2018
Large Bitcoin wallets holding between 100 and 10,000 BTC have seen their average holdings drop to 488 BTC, the lowest since December 2018, indicating significant profit-taking among major investors.
XRP Army’s Role Highlighted in Ripple SEC Case
Attorney John Deaton credits the XRP Army for playing a crucial role in the U.S. Securities and Exchange Commission's ruling that XRP is not a security, influencing the outcome of the Ripple lawsuit.
