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The US dollar has lately been experiencing multiple woes, elements that have been shaping its next value trajectory. With the US economic degradation gradually taking place, as well as US trade talks volatility spurring global market fluctuations, in such dramatic times, which will be a better asset to hold in the long run, gold or Bitcoin? Also Read: Bank of America Revises 2025–2026 Gold Price Outlook Gold or Bitcoin: Better Hedge Against Inflation? Source: Bitcoin News Gold has been rallying lately, claiming spectacular price highs throughout the year. The metal has been carving its own price trajectory, with analysts predicting how gold can easily hit the $5000 mark by 2026. “Gold is slowly but steadily grinding higher, allowing miners to catch up. I believe the next impulsive wave could take gold to $5k with little effort…” Gold slowly but steadily grinding higher allowing miners to catch up. I believe, the next impulsive wave could take gold to $5k with little effort… pic.tw...

A widely followed cryptocurrency analyst believes one (DeFi) token in the Ethereum (ETH) ecosystem is setting up for a push to higher levels. The analyst pseudonymously known as Credible Crypto tells his 405,200 followers on the social media platform X that the native asset for the stablecoin-focused decentralized exchange Curve DAO (CRV) is “going so much higher” after entities locked a total of 900 million CRV. “That’s nearly one-third of all CRV that will ever exist (3.3 billion maximum supply) and 43% of existing supply. Most will be locked in perpetuity. That means one-third of all the CRV that will ever exist (43% of current total supply) has essentially been ‘burned’ and taken off the market forever.” CRV is trading at $0.281 at time of writing. Turning to Bitcoin (BTC), the widely followed analyst sees the flagship crypto asset witnessing more downside moves. “I don’t think this correction is over yet, but I do...

Shiba Inu’s recent price metrics have displayed a bearish trend. Investors are keen to explore narratives where SHIB can replicate its historic 2021 price rally, the one in which the token was at its prime to disseminate stellar returns. In this wake, the SHIB ecosystem has launched a new exciting element through which the SHIB burn mechanism can increase its performance. Also Read: Shiba Inu (SHIB) Turns 4: August Price Predictions SHIB To Burn Brighter Than Ever The Shiba Inu Ecosystem has finally launched its beta version of the Shiba Eternity Game. The web3 version of the game is set to play a vital role in determining the future price of SHIB, as it will contribute to the evergreen SHIB burn mechanism. According to Lucie, Shiba Inu’s marketing lead, the game will help burn significant SHIB tokens. She shared how users will be compelled to make transactions within the game using the bone token. Since the game is launched on Shibarium, using BONE tokens will directly help burn ...

The introduction of US Ether spot ETFs has sparked renewed optimism in the market. While the broader cryptocurrency sector has experienced a downturn, some individual tokens show positive trends. New cryptocurrency releases, listings, & presales today are drawing interest for their potential investment opportunities. These emerging tokens are appealing because they offer the possibility of significant returns with relatively low entry costs. InsideBitcoins helps identify these opportunities by providing detailed information on their Features , utilities, and market potential. New Cryptocurrency Releases, Listings, and Presales Today Astroon represents a digital universe that integrates animated content with interactive gaming experiences, all underpinned by blockchain technology. In parallel, Router Protocol is positioning itself as a Layer-1 blockchain that focuses on chain abstraction. Fuse, launched in 2019, also strives to develop a vertically integrated decentralized paymen...

Bitcoin has been recovering since the Bank of England cut interest rates, which also impacted global money markets and digital coins. Also Read: Mt. Gox Bitcoin Creditors Continue to Hodl Distributed Assets bitcoin - btc -amp-crypto-market">Impact of Bank of England Rate Cuts on Bitcoin (BTC) & Crypto Market Source: Computerworld Bank of England ’s Key Move The Bank of England cut rates by 25 basis points, from 5.25% to 5.0%. Investors noticed this change, marking a significant shift in monetary policy. This move helps the economy and manages inflation, at least in theory. How Other Central Banks Might React This action by the Bank of England could sway other central banks worldwide. Many are watching the U.S. Federal Reserve closely. There’s talk about a possible rate cut by the Fed soon. Also Read: Goldman Sachs CEO Says Bitcoin Can Mirror Gold as a ‘Store of Value’ How the Crypto Market Responded Bitcoin’s price rose slightly after the news. It rose by 1000 point...

In the wake of the highly anticipated address by Federal Reserve Chair Jerome Powell, Bitcoin (BTC) maintained a steady course on Wednesday as the Fed opted to keep interest rates unchanged at 5.25%-5.50%.  Crypto Market Awaits Fed’s Next Move Powell, speaking at a press conference in Washington DC, hinted at the possibility of rate reductions in September, contingent upon the economic performance in the weeks leading up to that month. “We’ve made no decisions about future meetings and that includes the September meeting,” Powell stated. “We’re getting closer to the point at which we’ll reduce our policy rate, but we’re not quite at that point yet.” Related Reading This PEPE Holder Cohort Is The Reason Price Is Struggling To...

Countless people lost money in Do Kwon’s high-interest crypto scheme, and the time has finally come to start a formal loss claim. At its peak, the market capitalization for Luna peaked at around $40 billion, and the Anchor protocol had a peak Total Value Locked of approximately $17 billion. Many people simply saw Kwon’s advertised 19-20% interest rate, bought Kwon’s Terra stablecoin, and deposited it into his Anchor protocol in order to earn yield. Others speculated on Luna or Anchor governance tokens. It sounded too good to be true, and it was. All of Kwon’s tokens – Terra, Luna, and Anchor – have lost over 99.9% of their peak value. The SEC sued. A jury in New York agreed, deciding Kwon and his company, Terraform, are guilty of defrauding investors. Kwon and his company must pay billions of dollars to victims. Kwon is now a felon and international fugitive . If you held Terra (UST), Luna (LUNA), Anchor (ANC), or Mirror (MIR) in or prior to May 2022, you might be eligible for com...

BNB price is holding the $565 support zone. The price is now consolidating and might aim for more gains above $590 in the near term. BNB price started a decent upward move from the $565 support zone. The price is now trading above $580 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $582 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend its increase if it clears the $590 resistance in the near term. BNB Price Eyes More Upsides In the past few days, BNB price saw a decent upward move from the $565 support zone, like Ethereum and Bitcoin. The price was able to climb above the $572 and $580 resistance levels. It even cleared the $582 resistance. The current wave surpassed the 50% Fib retracement level of the downward move from the $597 swing high to the $568 low. Besides, there was a break above a key bearish trend line with resistance at $582 on the hourly char...

As the 2024 Paris Olympics kicked off, The Meme Games presale began generating traction, raising nearly $300k to date. This project combines meme culture with sports, blending the excitement of the Olympics with your favorite internet memes in a unique fusion. The Meme Games brings together five popular meme coins in an engaging game where purchasing $MGMES tokens could earn you a bonus. The characters featured in this game include Dogecoin, Pepe, DogWifHat, Brett, and Turbo. These five meme icons will compete in a 169-meter dash, and if your chosen character wins, you’ll receive a 25% bonus on your $MGMES investment. With outcomes being fair and unpredictable, players have the opportunity to enhance their chances of winning by participating multiple times, especially given the low cost of entry for buying $MGMES tokens. Presale Ends Soon with Opportunities for High Returns and Staking Rewards Early purchasers can buy $MGMES tokens for just $0.0091 each. It’s important...