The cryptocurrency market remains contentious, with Bitcoin recovering some ground, scheme Michael Saylor refusing to back down, and a debate over whether the digital currency will crash again. Stability in the market structure remains fragile as Deutsche Bank attributes Bitcoin's $1T rout to this. Coin values are supposedly unaffected by the discontinuation of the penny, despite concerns from a Folsom numismatist and speculations on the impact. Meanwhile, volatile shifts in the market have occurred due to meme coins like $TRUMP, which lacks protection from the SEC, resulting in both significant gains and losses. Huge volumes were traded in the Ethereum stablecoin market reaching a $2.8T record in October.
Cryptocurrency trading platform Coinbase remains optimistic despite soft earnings and stock drops. The increasing popularity of Stablecoins, shown by a predicted surge to $4T in cross-border volume, may affect government debt yields. Yet, the need for crypto to rely less on centralized infrastructure became evident after an AWS outage. Simultaneously, some Bitcoin fans are wary of Trump's meme coin, and disputes continue as Pi Coin price nears an all-time low, refusing to be saved by Bitcoin. Furthermore, the high hopes of a $10T surge starting in crypto markets faces scrutiny as critics urge caution. Finally, the SEC declares meme coins won't fall under securities regulations, despite the controversies surrounding the Trump meme coin.
T Coin News Analytics from Tue, 05 Oct 2021 07:00:00 GMT to Tue, 25 Nov 2025 18:25:25 GMT - Rating 0 - Innovation -4 - Information -7