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The US national debt crisis continues to rise, as the total debt owed has now surpassed $35 trillion according to new fiscal data. The United States debt has grown at an unprecedented rate over the past two years, as the country recovers from growing inflation and the COVID-19 pandemic. With speculation of a Bitcoin reserve being established in the US, could Bitcoin adoption grow due to the ongoing US Debt crisis? It is possible that Bitcoin could see a new all-time high due to the growing US federal debt. The total debt has surpassed an average of $105,000 for every living person in the country. Matt Bell, the CEO of Turbofish, believes that Bitcoin could become a haven for investors in a currently tumultuous US economy. “The recent news of the US national debt reaching the record high of $35 trillion highlights growing concerns around the sustainability of traditional fiat currencies,” he said in a statement. “This situation stresses the importance of Bitcoin as ‘hard mo...

With its recent performance, Bitcoin Cash (BCH) has been generating news and attracting the interest of both experts and investors for its obvious ascent. Reflecting a robust market performance, BCH jumped by around 14% in the last week. Related Reading Bitcoin Price Eyes Fresh Gains: Can BTC Climb Again? 6 hours ago The Bitcoin fork has grown by 12% over the past 30 days, therefore transcending just short-term benefits. At $430 right now, and up 18% in the weekly frame, BCH has a market valuation of $8.60 billion and a 24-hour trading volume of $1.33 billion. With BCH controlling 0.36% of the crypto market, the general trend stays favorable even if the latest 24 hours show a minor decline of 3.50%. $BCH (Bitcoin Cash) prices confirmed a Hidden Bullish Divergence and has since displayed MAJOR STRENGTH, but there can be much greater com...

Despite a general downturn in the cryptocurrency market, XRP Ledger (XRP) has enjoyed a bullish run in recent days, aiming to maintain gains above the critical $0.60 mark. The token has held steady above $0.617, showing a slight 3% increase over the past week. Notably, XRP has outperformed Bitcoin (BTC), with a 26% rise over the past month compared to Bitcoin’s 9% increase.  Adding to the speculation, the United States Securities and Exchange Commission (SEC) has scheduled another closed-door Sunshine Act meeting for August 1, 2024. This has fueled discussions within the crypto community about potential regulatory changes that could positively impact XRP’s performance. Picks for you 3 stocks to buy if US creates strategic Bitcoin reserve 32 mins ago ...

Optimism has been seeing bearish action since the start of this month. But this week, it has been much worse for investors and traders. According to Coingecko , the token is down more than 12% since last week.  Related Reading Bitcoin On Fire: 20% Surge In 3 Weeks Teases Record-Breaking Potential 20 hours ago With a market correction underway, more pain can come to all portfolios carrying OP. However, there are several reasons why investors and traders should still be on board with Optimism. Growing On-chain Use By An Expanding Userbase Price-wise, OP looks like a hard bargain after a month of hard-battering by the bears. However, on-chain data looks vastly different.  According to data tracked b...

According to the latest digital asset fund flows report by CoinShares, Bitcoin saw $519 million in in flows , while Ethereum witnessed $285 million in out flows . Month-to-date, BTC saw in flows of $3.6 billion and year-to-date in flows have reached $19 billion. The fund flows are also reflected in the price movements of each asset. BTC is inching closer to the $70,000 level, rallying nearly 11% in the last two weeks and more than 14% over the previous month. Also Read: Ripple: XRP Surges, Beats Bitcoin, Ethereum, And SOL On Major Exchanges Ethereum, on the other hand, has rallied 1.2% in the last two weeks and 0.1% in the previous month. CoinShares’ report highlights that the ETH ETF saw $2.2 billion in in flows but the asset witnessed significant selling. Will Ethereum catch up to Bitcoin’s pace? Source: Betanews.com BTC’s recent surge is likely due to a recent speech by Donald Trump at the 2024 Bitcoin conference. Trump made some bullish comments at the conferen...

US Republican Presidential candidate Donald Trump made his much-anticipated appearance at the Bitcoin 2024 conference in Nashville on July 27. Trump made several promises to the crypto voters in attendance, including what he would do to the US government’s Bitcoin holdings if elected.  What Donald Trump Plans To With The US Bitcoin Holdings During the Bitcoin conference, Trump stated that if elected , his administration would implement a policy mandating the US government to keep “100%” of the Bitcoin it currently holds or acquires. Trump made this statement while remarking that the government has, up until now, “violated a cardinal rule that every Bitcoiner knows by heart,” which is never to sell their BTC. Related Reading Solana Confirms Upside Breakout With Bullish Pennant – Here’s The Target 21 hours ago Data from the on-cha...

1. Johnny Ng Kit-chong: Bitcoin Could Be Considered for Strategic Financial Reserves in the Future link In response to Trump’s speech at the Bitcoin Conference, Hong Kong Legislative Council member Johnny Ng posted a tweet stating: “Bitcoin and Web3 are critical junctures in global development and should be encouraged for worldwide advancement. In the future, under regulatory compliance, considering Bitcoin as part of strategic fiscal reserves could be worthwhile. I believe the SAR government will responsibly and gradually open the market.” 2. South Korea Regulatory News This Week 2.1 South Korea’s Financial Supervisory Service Summons Five Major Virtual Asset Exchanges to Discuss Deposit Usage Fees link The Financial Supervisory Service of South Korea urgently summoned the top five virtual asset exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) to discuss issues related to “deposit usage rates.” Recently, competition to raise usage rates has intensified following the implementation o...

As this cryptocurrency bull market cycle heats up, Finbold asked ChatGPT-4o for a comparative Analysis between Bitcoin (BTC) and Monero (XMR). The advanced OpenAI model provided a comprehensive breakdown of both cryptocurrencies, considering their fundamentals, supply and demand dynamics, and growth potential. First, ChatGPT-4o highlighted Bitcoin’s dominant market position, trading at $67,930 with an all-time high (ATH) of $73,800. Meanwhile, Monero’s current price of $163, compared to its ATH of $517, suggests significant room for growth. However, the artificial intelligence (AI) emphasizes that the decision ultimately depends on individual risk tolerance and investment goals. BTC and XMR year-to-date price charts. Source: Finbold Bitcoin’s strengths lie in its market dominance, institutional support, and recognition as a store of value. Additionally, its fixed supply of 21 million coins and regular halving events contribute to its scarcity and ...

The Gummy price has surged 21% in the last 24 hours to trade at $0.01618 as of 7:10 a.m. EST on a 12% surge in trading volume to $6 million. Gummy Price Analysis: Can The Bulls Sustain Momentum? The Gummy price indicates a consolidation phase as bulls have stopped the bears from further profiting and are pushing the price nearly to break above the bearish channel.  The bulls are gearing for an upward momentum at the $0.00873 support zone, pushing the price to the channel’s upper trendline. GUMMYUSDT Analysis (Source: Tradingview) The price market shows signs of accumulation above the channel, indicating that bullish investors are gearing up to push the price to reclaim the previous high and subsequently achieve new highs.  If GUMMY continues the momentum, it will create a solid technical base, potentially triggering a bull rally above the channel. This situation prompts traders to consider opening long positions, anticipating GUMMY’s entry into a n...