Sahm Rule indicates US recession remains likely but crypto may be set for bullish reversal
ETC Group analysis indicates crypto could be set for a strong end to the year despite pending recession.
Happy Monday!
The global crypto market cap is $1.99 trillion, with a 24-hour volume of $60.03 billion. The price of Bitcoin is $56,173.22, and BTC market dominance is 55.9%. The price of Ethereum is $2,329.09, and ETH market dominance is 14.1%. The best-performing sector is Bitcoin Ecosystem, which gained 15%. The Crypto Fear & Greed Index is currently Extreme Fear (26).
📰 Top News
Sahm Rule indicates US recession remains likely but crypto may be set for bullish reversal
ETC Group analysis indicates crypto could be set for a strong end to the year despite pending recession.
👀 Metric of The Day
Over the past year, Monday has consistently been the top-performing day for Bitcoin.
Musk denies that Tesla will license xAI’s technology in exchange for revenue-sharing
Musk refuted the WSJ article, claiming that xAI’s models are far too big to run on Tesla cars.
Generating only $21 in revenue in 30 days, FriendTech relinquishes control of contracts
Crypto community members have criticized the decentralized social media protocol's team handling of the project.
Binance-backed Tokocrypto becomes third crypto exchange in Indonesia to secure PFAK license
The Indonesian crypto trading platform has seen a rapid increase in its numbers this year.
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📈 Latest Insights
Bitcoin mining aids in Texas grid stabilization and harnesses wasted renewable energy in Japan
Market share by production of public Bitcoin miners hits new high
Michael Saylor foresees Bitcoin capturing 7% of global wealth
🗞️ More News
Sonic pioneers wallet credit scores with no KYC requirements amid reaching 720ms finality
Harris campaign criticized for ignoring crypto in policy statement
Latest Market Report
Bitcoin’s historical performance: September dips and year-end rallies
CryptoSlate's latest market report dives deep into Bitcoin's historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024.