The world of cryptocurrency has been active with numerous events and changes.
Gold is recording its all-time high while Bitcoin, contrary to expectations, is not matching its gains. Despite gold's record high prices,
Bitcoin still maintains a lead. In the face of strengthening
Japanese Yen, risks of a crash in the crypto market, impacting Bitcoin and Ethereum, are emerging. Bitcoin miners are shifting towards
Artificial Intelligence and High-Performance Computing. Yet, Bitcoin's profitability saw a drop in August as per the report by JPMorgan.
Solana Meme Coins emerged as the top-10 coins to buy in August 2024 despite the overall crypto market recording a decline between 20% to 89% from their all-time highs.
Bitcoin's demand has been high, especially in Turkey where a great number of crypto licenses are being applied for. Yet, Neiro Coin's all-time high has raised concerns due to its controversial past and uncertain future. An IMF tax on high energy use might affect Bitcoin miners, along with AI centers. Despite the current market downturn, predictions for Bitcoin hitting $1,000,000 by 2025 are circulating with Bitcoin's price reclaiming $60,000 and other cryptos such as ETH, XRP, BNB, and MATIC surging high. As Bitcoin breaches $71K for the first time, there is speculation that this rally may not last long, with prices tumbling soon after hitting a record high.
HIGH Coin News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Tue, 20 Aug 2024 22:30:12 GMT -
Rating -2
- Innovation 3
- Information 4
- Rumor -1
