⇘ Cycles of Investment & Regulation in the Expanding Crypto Landscape: DATA Coin in Focus
Cycles of innovation and investment are apparent with technology firms such as Microsoft investigating OpenAI's data gathering methods....
The recent events in the cryptocurrency market have been primarily driven by the fluctuating inflation rates and Federal Reserve's potential rate cuts. Bitcoin has been particularly responsive, bouncing back above $96,000 and then peaking at $100,000 with inflation data influencing risk appetite. Meanwhile, popular trading platforms Coinbase is reported to be responding to a CFTC subpoena by sharing data. Even with strong U.S. Economic data, Bitcoin prices took a fall of 10%. On another front, Ripple is using Chainlink for better stablecoin pricing data. Amidst these market movements, Blockchain platform Ethereum also signaled a future rebound even though it may need time to materialize.
Despite the volatility, data suggests that Bitcoin is far from overheated, and the cryptocurrency rally continues with optimism. With reports about Crypto data platform SoSoValue raising $15 million to launch multi-coin indices and Crypto.com outperforming Coinbase, there are clear indicators of the vibrancy within the crypto trading scene. Worldcoin, backed by Sam Altman, is facing sanction over data policies violation, showcasing the increasing scrutiny over privacy and data use within the crypto industry.
Finally, the prospect of AI and big data tokens surging 131% signifies opportunities for investors to explore alternative coins in the midst of the Bitcoin bull run. Cryptocurrency DATA Coin is reported to be eyeing a $0.14 breakout after hitting $0.08 with increasing volume.
DATA Coin News Analytics from Wed, 14 Apr 2021 08:59:20 GMT to Wed, 15 Jan 2025 20:11:00 GMT - Rating 3 - Innovation 5 - Information 4 - Rumor -3