Cryptocurrency

In the ever-evolving world of cryptocurrencies, today brought a mix of intriguing developments that are sure to capture the attention of both crypto enthusiasts and traditional finance professionals https://casino-review-au.org/. From Bitcoin’s resurgence on the back of weak Chinese economic data to the buzz around PayPal’s stablecoin, here’s a comprehensive roundup of the day’s most significant crypto news.

Bitcoin’s price saw a 3% uptick, climbing to just shy of $30,000 in response to a plunge in global long-dated government bond yields. This fall in yields was triggered by China’s far weaker than anticipated trade numbers for July. The U.S. 10-year Treasury yield tumbled below the 4% mark. These macroeconomic shifts have seemingly buoyed the crypto market, with other notable cryptocurrencies like Solana (SOL), Toncoin (TON), and Chainlink (LINK) registering gains of over 4% at the time of writing.

NewsNow aims to be the world’s most accurate and comprehensive crypto news aggregator, bringing you today’s latest headlines from the best alt coins and crypto news sites. Whether it’s Bitcoin, Dogecoin, Diem, Ethereum or Ripple, Monero, Litecoin, Dash or NEM, we’ve got it covered.

Cryptocurrency market

Cryptocurrency market capitalization (market cap) refers to the total value of a particular cryptocurrency that is currently in circulation. It is calculated by multiplying the current market price of a cryptocurrency by the total number of coins or tokens that have been issued. The total market capitalization of all cryptocurrencies for today is $3,452,474,305,654

Application: Traders look for bullish (upward) or bearish (downward) trends to make trading decisions. For example, if the market is in a bullish trend, a trader might consider buying on dips. Conversely, in a bearish trend, they might look to short sell or wait for the trend to reverse before buying.

Crypto charts are essential because they help traders and investors understand market sentiment, detect trends, and anticipate potential price movements. By mastering the interpretation of these charts, traders can enhance their decision-making process and potentially increase their profitability. For instance, recognizing a trend early on a chart can allow a trader to enter or exit a position at an optimal time, thereby maximizing returns or minimizing losses.

When to Use: Line charts are ideal for getting a quick overview of a cryptocurrency’s price trend. They are particularly useful for long-term analysis, where the goal is to identify the general direction of the market rather than focusing on the finer details. However, they lack the detailed information that other chart types provide, making them less suitable for short-term trading decisions.

Master the basics of reading crypto charts with this comprehensive guide for beginners. Discover the different types of charts, understand key indicators, and learn how to analyze market trends to make smarter trading decisions.

How to invest in cryptocurrency

If you are looking for a balanced investment approach that is founded on digital assets with a proven track record – like Bitcoin and Ethereum – but still want to gain exposure to the latest market trends and promising projects, then we suggest that you follow our weekly updated recommendations of best cryptos to buy right now.

While cryptocurrencies give people freedom and control over their money thanks to the elimination of intermediaries, they also demand a lot of responsibility when it comes to security. The safety of your crypto investments mainly relies on you and you alone.

These tokens are available on various platforms, including OpenSea, Rarible, Foundation, and NBA Top Shot. The range of NFTs is vast, encompassing everything from digital art and music to virtual real estate and unique collectibles.

NFTs, or non-fungible tokens, have significantly impacted digital ownership, providing a novel platform for creators and collectors to buy, sell, and maintain digital assets. As this market expands, it’s becoming an increasingly vital component of the digital asset world.

Cryptocurrency prices

TThe data at CoinMarketCap updates every few seconds, which means that it is possible to check in on the value of your investments and assets at any time and from anywhere in the world. We look forward to seeing you regularly!

Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.

Here at CoinMarketCap, we work very hard to ensure that all the relevant and up-to-date information about cryptocurrencies, coins and tokens can be located in one easily discoverable place. From the very first day, the goal was for the site to be the number one location online for crypto market data, and we work hard to empower our users with our unbiased and accurate information.

MicroStrategy has by far the largest Bitcoin portfolio held by any publicly-traded company. The business analytics platform has adopted Bitcoin as its primary reserve asset, aggressively buying the cryptocurrency through 2021 and 2022. As of August 30, 2022, the company had 129,699 Bitcoin in its reserve, equivalent to just over $2.5 billion.

“If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal,” Musk wrote in an X post. “What matters is the ratio of dollars to cryptocurrency.”