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Cointelegraph covers everything FinTech, Blockchain, Bitcoin, bringing you the latest news, prices, breakthroughs and analysis from across the future of money. Cointelegraph’s up-to-date news and information will help you understand everything about the ever-evolving world of digital currencies, whether you are a newbie to cryptocurrencies or looking for the newest ways to beef up your digital wallet. We are ready to help you form your own opinion regarding cryptocurrency with precise and clear coverage from our dedicated team of journalists and experts from around the globe. We publish articles and expert opinions in the fields of business, technology, society and law, as well as provide real-time commentary from leading experts across the entire spectrum of the Bitcoin community. The world of digital currencies is growing with each passing day; as more and more businesses, entrepreneurs, start-ups and everyday people begin to adopt this technology due to its many advantages, it is becoming increasingly important to educate yourself and be aware of these new financial and technological innovations. Cointelegraph is here to help you greet digital currency with open arms.
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TON Foundation assures users: "No crypto assets were lost during the outage."
Bitcoin's recent surge to $65,000 over the weekend seemed promising, especially as it extended the recovery from the August 5th dip to $49,500. However, this rally has quickly lost momentum, leaving the crypto market stuck in a five-month "structurally ordered downtrend." Despite the confirmation that the U.S. Federal Reserve will cut interest rates in 2024, Bitcoin couldn't maintain its upward trajectory. This development has left traders and investors questioning whether the market will remain range-bound, continue to consolidate, or break out to new highs. One key factor to watch is the interplay between the U.S. Dollar Index (DXY) and Bitcoin. Historically, a weaker DXY often correlates with a Bitcoin rally, and last week, the DXY fell to its lowest point this year, dipping below 101. In response, Bitcoin managed to escape the $53,000 range. However, the current market dynamics suggest caution. Real Vision ’s chief crypto analyst, Jamie Coutts CMT, CFTe pointed out the DXY-Bitcoin relationship and hinted at entering a highly volatile period he dubbed the "banana zone". For now, the crypto market remains in a precarious position. Investors should closely monitor both macroeconomic factors and technical indicators to navigate this uncertain period. Will Bitcoin break out of this downtrend, or are we in for a prolonged phase of consolidation? How do you see the interplay between the DXY and Bitcoin impacting the market in the coming months? Share your insights below!
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Despite only making a small fraction of the total memecoin sector, Political Finance or “PolitiFi” tokens, including the likes of MAGA (TRUMP) and ConstitutionDAO (PEOPLE), have been the biggest gainers this year — with market cap surging 667% in 2024. According CoinGecko data, the PolitiFi memecoin sector has a current market cap of $592.4 million as of Aug. 27, a seven-fold increase from the start of the year. It’s a massive surge compared to the broader memecoin category — which includes the likes of Dogecoin and Shiba Inu, which only rose around 73% in the same timeframe. Which political memecoin do you #HODL? 👀
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