Let’s do Crypto’s Postmortem of the Day Now
Welcome to today’s crypto update, where I’ll walk you through the top gainers and losers in the market, along with the latest insights from the Crypto Greed and Fear Index. Whether you’re tracking surging coins or trying to navigate a drop, staying on top of the market’s emotions can give you a better understanding of trends. Let’s dive into the highs, lows, and the current sentiment driving today’s market movements! Now let’s have a look for Latest Crypto News of the day and insights for market direction.
- Study Shows Crypto Trading Hurts Academics’ Well-Being A new study says that people who work in schools or universities and trade cryptocurrency are feeling worse in their daily lives. They are more stressed, sleep poorly, and feel less happy compared to their coworkers who don’t trade. The study shows that trading crypto can have bad effects on both their mind and body, especially when trying to balance their work with the stress of trading.
- Bitcoin Still Popular Among Big Investors Despite Rules Even though there might be new rules for cryptocurrency, Bitcoin is still a favorite for big investors. Last week, $321 million was put into digital products like Bitcoin Exchange Traded Funds (ETFs). Rod Hadick, a partner at Dragonfly, said that this strong interest in Bitcoin shows good things are coming for the future of cryptocurrency. Even with worries about new rules, big investors still trust Bitcoin and its long-term value.
- Celestia Raises $100 Million to Build New Technology The Celestia Foundation, a company in Liechtenstein, has raised $100 million to build a new kind of blockchain network. This brings their total money to $155 million. Big companies like Bain Capital Crypto helped fund this project. They had already raised $55 million in 2022, and more companies like Syncracy Capital and 1kx joined this time. This shows that many investors believe in Celestia’s plans to create something new with blockchain technology.
- Experts Predict Smaller Coins Might Get Stronger Bitcoin’s recent recovery has made smaller coins, known as altcoins, gain strength. Some experts think this could be the start of an “altcoin season,” where these smaller coins get more attention. ParabolicPump, co-founder of Crypto Capital, noticed that many altcoins have done well in the past few days. Another expert, 360Trader, said that TOTAL3, the value of all coins except Bitcoin and Ethereum, has shown signs that altcoins might continue to rise.
- BONK Meme Coin Plans to Make Investing Easier BONK, a meme coin on the Solana blockchain, is going to launch a new product to help people invest in it more easily. A developer named Nom announced at a recent event that BONK is partnering with Osprey Funds. This will allow people to trade BONK on regular stock exchanges, so they won’t need to use special crypto wallets or exchanges. This move is meant to make it simpler for traditional investors to get involved in cryptocurrency.
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