XRP gained 3.34% on Wednesday, partially reversing Tuesday’s losses, as demand for Bitcoin and the broader crypto market rebounded, aided by positive comments from Fed Chair Powell and increasing scrutiny over the SEC’s actions in crypto-related cases.
According to Anthony Pompliano, the founder of Pomp Investments, Bitcoin (BTC) could double in price to $138,000 within the next few weeks, following a years-long bull trend and the asset’s recent break of its previous all-time high of $69,000.
Sony’s latest patent application reveals plans for “super-fungible tokens” – bundles of unique in-game assets tokenized as NFTs – that could allow PlayStation gamers to truly own and transfer their digital assets across games and platforms. This move signals a potential shift towards blockchain gaming adoption by one of the industry’s giants.
Crypto miner Hut 8 is closing its Bitcoin mining site in Drumheller, Alberta due to elevated power prices and voltage problems despite the facility accounting for just 1.4% of its total hash rate.
Bitcoin (BTC) reached a new all-time high above $69,000, just two months after the approval and launch of several spot Bitcoin ETFs, raising questions about whether the ETFs accelerated this bull run.
Ether (ETH) price surged 13% in a week, nearing $4,000, but derivatives data suggests an overheated market. While a new all-time high above $4,800 is possible, excessive leverage from traders poses a risk of forced liquidations. The potential approval of a spot ETF fuels bullishness, but overconfidence could undermine sustainability.
Solana (SOL) jumped over 7% to become the 4th biggest cryptocurrency by market cap as it climbed above $140 amid Bitcoin’s latest rally toward a new all-time high price.
Dogecoin (DOGE) price has rallied over 150% in the past week, reaching a three-year high above $0.20.
Litecoin has displayed a positive trend recently, gaining 27.37% in the last 30 days. The medium-term trend for Litecoin has been bullish, with LTC increasing by 17.22% in the last 3 months.
Ethereum gas fees spiked to new highs exceeding $300 for basic transactions as ETH topped $3,600, driven by surging NFT and DeFi activity ahead of next month’s fee-reducing upgrade.
