FED Increases Rates by 25 BPS, Crypto Market Remains Bullish

FED Increases Rates by 25 BPS, Crypto Market Remains Bullish

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Litecoin Adds Nearly 1 Million Addresses In Under 7 Months, But Will LTC Price Rally?

Starting this week, the crypto market witnessed a surge in supply pressure as the Bitcoin rally reverted from $68,485 to $65450 This 4.3% pullback stalled the recovery rally for major altcoins including Litecoin. At press time, LTC price trades at $73.44. The LTC price showcased a consolidation trend since last week recuperating its strength after the early July rally. Will the recent surge in network addresses bolster buyers for a $100 comeback? LTC Price Eyes 48% Rally Before Major Breakout LTC Price| Tradingview Amid the July market recovery, the Litecoin price showcased a reversal from the combined support of $57.7 and a long-coming ascending trendline. This dynamic support (blue) intact since November 2018 stands as a crucial accumulation and prevents crypto holders from major correction. The bullish turnaround has uplifted the asset by nearly 30% to trade at $73.2, while the market cap jumped to $5.47 Billion. On July 15th, the rising LTC price forecast showed a bullish

Worldcoin Taps JPMorgan-Backed Elliptic For World Chain Integration

Sam Altman’s Worldcoin has again made global headlines by partnering with the JPMorgan-backed blockchain analytics and crypto compliance solutions firm Elliptic. In an official statement released today, July 23, it was brought to global attention that World Chain, a blockchain that jacks up the Worldcoin project, is now being integrated into Elliptic’s suite of screening and investigation compliance solutions. This partnership further strengthens Elliptic’s foothold as a crypto asset risk manager, underscoring the firm’s pioneering efforts in offering seamless services. Elliptic Strengthens Foothold With Worldcoin Integration The partnership underlines the JPMorgan-backed firm’s dedication to offering state-of-the-art compliance and analytics solutions across numerous blockchain networks. Further, the official announcement drew attention to World Chain’s positioning as a substantial evolutionary figure in the digital finance landscape. For context, the blockchain’s distinguishabl

AI News: Tether-Powered P2P AI Agents Might Go Live Soon

A new post from Tether CEO Paolo Ardoino suggests that Peer-to-Peer Artificial Intelligence (AI) agents that are powered by United States dollar-pegged stablecoin USDT may launch soon. Tether To Revolutionize Operations With AI In his X post, Ardoino talked about P2P AI agents that are powered by USDT and LN Payments. Despite the long expectation of the Tether AI update, Ardoino confirmed that the pieces are all coming together. By this statement, the Tether CEO might be hinting at a new project that his company has undertaken, one that has to do with burgeoning technology. Furthermore, Ardoino expressed his desire to see his agent use local private AI. He also wants the same for his BCI, car, and robot. P2P AI agents, powered by USDT and LN payments All the pieces are coming together. I want my personal agent to use local private AI. I want my BCI to use local private AI. Same for my car and robot. — Paolo Ardoino (@paoloardoino) July 21, 2024 This follows Tether’s i

Solana Price Analysis: Momentum Builds Towards $200 as TVL Exceeds $5 Billion Mark

Amid the weekend consolidation in the crypto market, the Solana price analysis shows a short dip of $0.77% to trade at $172. The pullback is set to retest the triangle pattern’s breached resistance and showcase its sustainability after 4-months of consolidation. As the SOL coin witnessed a renewed recovery in on-chain metric active address and TVL, the recent breakout should attract a directional rally from buyers. Solana Price Analysis As SOL Escapes 4-Month Consolidation Solana Price Analysis| Tradingview The Solana price analysis showcases a 4-months of consolidation in the daily chart. The sideways action is marked by two converging trendlines connecting the series of lower highs and higher lows to form a triangle pattern. In theory, this continuation pattern is known as recuperating the exhausted bullish momentum on an asset before the next recovery leap. Amid the July market recovery, the SOL price recently rebounded from the pattern’s lower trendline closely coinciding

Bitcoin Miner Marathon Digital Acquires $100M BTC, Adopts HODL Strategy

Marathon Digital Holdings has announced a significant expansion of its Bitcoin holdings and a shift in its investment strategy. As the major Bitcoin conference approaches, the company has made headlines by purchasing $100 million worth of Bitcoin and adopting a full HODL approach to its cryptocurrency assets. This decision not only demonstrates MARA’s bullish outlook on Bitcoin’s future but also sets a precedent for corporate cryptocurrency management strategies. MARA’s Strategic Bitcoin Acquisition In a significant move that shows growing institutional confidence in cryptocurrency , Marathon Digital announced today a $100 million Bitcoin purchase, bringing its total holdings to over 20,000 BTC. The company has also declared a shift to a full HODL (Hold On for Dear Life) strategy for its Bitcoin treasury policy, effective immediately. Under this new approach, they will retain all Bitcoin mined through its operations and plans to make strategic open market purchases periodically. Th

Breaking: Joe Biden Officially Drops Out of Presidential Race

President Joe Biden has officially announced he will not be seeking re-election, confirming weeks of speculation. The United States political arena has been thrown into a frenzy lately as many Democrat leaders have reportedly pulled support from Joe Biden. The Joe Biden Legacy A lot has changed for the 46th President of the United States in 3 and a half years. Joe Biden entered the White House after beating Donald Trump in a highly controversial election. However, from that time until now, the health status of the president has deteriorated. This has fueled concerns on his suitability for the lead role. However, the election debate he had with Donald Trump recently served as the straw that broke the Camel’s back. The performance which many considered as poor sent a jitter to the Democrat’s camp. While he did not ascertain the main reasons for pulling back, the crypto world has picked the news with keen interest. pic.twitter.com/RMIRvlSOYw — Joe Biden (@JoeBiden) July 21, 2024

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