On a day when major cryptocurrency prices dipped, despite US Consumer Price Index (CPI) inflation data that supported the idea that the Fed will begin cutting interest rates as soon as next month, traders looked for shelter in top crypto performers today in the altcoin markets.
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Category: Bitcoin
Coinbase Hints to Launch Wrapped Staked BTC ‘cbBTC’ on Base Chain
cbBTC could refer to Coinbase’s own wrapped Bitcoin product, which would potentially be launched on the Layer-2 chain Base.
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Crypto ‘Non-Believer’ Goldman Sachs Holds $418M in Bitcoin Spot ETFs
Goldman Sachs previously were “not believers in crypto” as the bank dod not consider cryptos as an “investment asset class.”
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Bitcoin Owners Shift Back to HODLing: Accumulation is Underway – Glassnode
As the market recovers from its latest sell-off, Bitcoin owner behavior is rotating back to HODLing, according to the latest report by analytics firm Glassnode.
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Bitcoin Passes the 61k Mark As Crypto Markets Await US CPI Rates – What’s Next?
With Bitcoin crossing the $61k threshold, all eyes are on upcoming U.S. CPI rates—could this trigger the next market rally?
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Bitcoin Miner Hut 8 Posts $71.9M Q2 Loss Despite 72% Revenue Growth
Hut 8 sees a 72% surge in revenue thanks to its expanding hut 8 bitcoin mining and energy infrastructure operations. However, the company also reports a Q2 loss due to Bitcoin price fluctuations and new accounting standards. Here’s the latest.
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Top Crypto Gainers Today on DEXScreener – HABIBI, CATDOG, CICADA
As the broader crypto market rallies in wake of softer-than-expected US PPI inflation data that helped spur Fed rate cut bets, and amid hopes that Wednesday’s CPI data further strengthen the rate cut narrative, traders are flocking to the highly volatile on-chain micro-cap markets as they hunt for top crypto gainers today.
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Is Bitcoin Price About to Explode? El Salvador’s ‘Bitcoin City’ Secures $1.6 Billion
El Salvador’s $1.6 billion ‘Bitcoin City’ could be a game-changer, driving BTC adoption and potentially sparking a significant price surge.
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US Senator Ted Cruz Praises Bitcoin Mining and Crypto Innovation at Texas Event
Senator Ted Cruz voices support for Texas Bitcoin mining and the crypto industry, criticizing federal regulations. Find out more about his stance here.
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Top Crypto Performers Today – 1000SATS, Maker, Akash Network
Major cryptos are moving sideways on Tuesday, with Bitcoin (BTC) still stuck between the $68,000 and $60,000 levels and the Ethereum (ETH) rally that saw it rise above $2,750 on Monday easing, with traders instead turning to altcoin markets in their hunt for top crypto performers today.
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