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Cryptocurrency Market Update: Ethereum ETF, SHIB, BTC, and RUNE Trends – Brave New Coin

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Cryptocurrency Market Update: Ethereum ETF, SHIB, BTC, and RUNE Trends – Brave New Coin

This week, Shiba Inu posts significant gains while Pawfury launches its promising presale. Bitcoin shows bullish trends, and THORChain recovers, indicating positive momentum in the cryptocurrency market.

Stay updated on the latest cryptocurrency market trends. This week, Ehereum ETH, Shiba Inu (SHIB) posts strong gains, Pawfury (PAW) launches its presale, Bitcoin (BTC) shows bullish momentum, and THORChain (RUNE) recovers. Explore insights on these trends and future market outlooks.

Cryptocurrency Market Update: SHIB, PAW, BTC, and RUNE Trends

Shiba Inu (SHIB) Shows Strong Gains

Shiba Inu (SHIB) has posted a significant price increase, rising by 19.68% over the past seven days. This has made SHIB the second-highest weekly gainer among the top 15 cryptocurrencies by market cap. However, its 24-hour trading volume remains relatively low at $262 million, compared to a peak of $7 billion in early March. To reach its previous high of $0.000045, SHIB would need to overcome several resistance levels, climbing from its current value of $0.000019.

Introducing Pawfury (PAW): The Newcomer

Pawfury (PAW) is a revolutionary new cryptocurrency project currently in its presale phase, designed to captivate the market with its unique approach and community-driven model. PAW has emerged as an attractive new investment option, offering high-yield staking rewards and competitive APY. The presale of Pawfury (PAW) features a 10% bonus for early investors using the promo code PAWGAINZ10X. The low-entry price makes it accessible, with the presale rapidly selling out.

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Bitcoin (BTC) and Market Liquidations

Bitcoin’s price has recently surged past $64,000, briefly hitting $66,000 before stabilizing around $64,433. This bullish trend resulted in liquidations totaling $145.58 million, affecting approximately 50,436 traders. Whale activity has further contributed to BTC’s upward momentum, with significant purchases by major investors.

THORChain (RUNE) Recovery and Predictions

THORChain (RUNE) has recovered by 23% over the past week, currently trading at $4.22. Market projections suggest it could rise to $5.76 or even $7.40 if it breaks through resistance levels. With a market cap of $1.41 billion and a 24-hour trading volume of $207 million, RUNE is gaining traction among traders and analysts.

Market Trends and Future Outlook

The overall cryptocurrency market is benefiting from a broader bullish trend. Bitcoin’s continued stability above $64,000 and the expected introduction of Ethereum ETFs could fuel further market optimism. For SHIB, Pawfury (PAW), BTC, and RUNE, sustained trading volumes and investor interest will be pivotal in maintaining the current positive momentum.


This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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NYSE Clears Listing of Bitwise and Grayscale ETH ETFs, Trading Expected Tuesday – Bitcoin News

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NYSE Clears Listing of Bitwise and Grayscale ETH ETFs, Trading Expected Tuesday – Bitcoin News
Following the Chicago Board Options Exchange’s (Cboe) preparation for five new spot ethereum exchange-traded funds (ETFs) last week, the New York Stock Exchange (NYSE) has confirmed its approval to list the Bitwise and Grayscale ETH ETF. Bloomberg ETF analyst James Seyffart mentioned that he and his colleague Eric Balchunas anticipate the spot ether funds will […]
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Cryptocurrency Exchange Platform Market May See a Big Move | BlockFi, Coinmama, eToro, Coinbase

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Cryptocurrency Exchange Platform Market May See a Big Move | BlockFi, Coinmama, eToro, Coinbase

Cryptocurrency Exchange Platform Market

Archive Market Research published a new research publication on “Cryptocurrency Exchange Platform Market Insights, to 2032” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Cryptocurrency Exchange Platform market was mainly driven by the increasing R&D spending across the world.

Some of the key players profiled in the study are:

BlockFi International Ltd., Coinmama, eToro, Coinbase, Binance, Kraken, Bitstamp, Coincheck, Inc. FTX Trading Ltd., AirSwap.

Get Free Exclusive PDF Sample Copy of This Research @ https://www.archivemarketresearch.com/report/cryptocurrency-exchange-platform-market-6020/sample-report?utm_source=OpenPR&utm_medium=Suraj

Scope of the Report of Cryptocurrency Exchange Platform

The Cryptocurrency Exchange Platform Market size was valued at USD 37.07 billion in 2023 and is projected to reach USD 206.41 billion by 2032, exhibiting a CAGR of 27.8 % during the forecasts period. A Cryptocurrency Exchange Platform is a digital marketplace where users can buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and Tether. These platforms function similarly to traditional stock exchanges, providing a space for participants to engage in the trading of digital assets. Users can access these services through various interfaces, such as mobile apps or desktop applications, which often resemble electronic brokerages. Cryptocurrency exchanges offer a range of trading and investing tools, including margin trading, lending, and futures and options trading. They facilitate price discovery through trading activity and may also provide storage for cryptocurrencies.

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The titled segments and sub-section of the market are illuminated below:

End-use: Commercial, Personal, Cryptocurrency Type: Bitcoin, Ethereum, Region: EU, APAC, North America

Market Drivers:

Increasing number of cryptocurrency exchanges

Government initiatives to promote cryptocurrency use

Market Trends:

Increasing adoption of cryptocurrencies

Technological advancements in blockchain technology

Restrains:

Volatility of cryptocurrency prices

Lack of understanding of cryptocurrencies

What can be explored with the Cryptocurrency Exchange Platform Market Study?

• Gain Market Understanding

• Identify Growth Opportunities

• Analyse and Measure the Global Cryptocurrency Exchange Platform Market by Identifying Investment across various Industry Verticals

• Understand the Trends that will drive Future Changes in Cryptocurrency Exchange Platform

• Understand the Competitive Scenarios

– Track Right Markets

– Identify the Right Verticals

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Cryptocurrency Exchange Platform Market Report, Ask Our Experts@ https://www.archivemarketresearch.com/report/cryptocurrency-exchange-platform-market-6020/enquiry-before-buy?utm_source=OpenPR&utm_medium=Suraj

Strategic Points Covered in Table of Content of Global Cryptocurrency Exchange Platform Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Cryptocurrency Exchange Platform market

Chapter 2: Exclusive Summary – the basic information of the Cryptocurrency Exchange Platform Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Cryptocurrency Exchange Platform

Chapter 4: Presenting the Cryptocurrency Exchange Platform Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2019-2023

Chapter 6: Evaluating the leading manufacturers of the Cryptocurrency Exchange Platform market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Cryptocurrency Exchange Platform Market is a valuable source of guidance for individuals and companies.

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Get Up to 30% Discount on This Premium Report: @ https://www.archivemarketresearch.com/report/cryptocurrency-exchange-platform-market-6020/request-discount?utm_source=OpenPR&utm_medium=Suraj

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Contact US:

Craig Francis (PR & Marketing Manager)

Archive Market Research

Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA – 08837

Phone: (+1 201 565 3262, +44 161 818 8166)

sales@advancemarketanalytics.com

About Author:

Archive Market Research is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies’ revenues.

Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

This release was published on openPR.

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Trump-Themed MAGA Coin Plunges 8% As Joe Biden Quits Presidential Race

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Trump-Themed MAGA Coin Plunges 8% As Joe Biden Quits Presidential Race

The U.S. political landscape saw tectonic shifts as incumbent Joe Biden dropped out of the 2024 presidential contest against his arch-rival Donald Trump

What Happened: This major development injected fresh volatility in coins themed on former President Trump, who is viewed as a pro-cryptocurrency candidate by some. 

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Maga Coin, rooted in Trump’s “Make America Great Again” movement, plunged 8% in the last 24 hours. The Ethereum ETH-based token’s trading volume soared 140% to $19 million in the last 24 hours, signaling frantic sell-offs.

Cryptocurrency Gains +/- Price (Recorded at 11:00 p.m. EDT)
Donald Trump TRUMP/USD +53.12% $0.00823
MAGA TRUMP/USD -8.04% $6.95

The negative reaction could have to do with Biden’s departure. Cryptocurrency bettors have been betting against Biden for quite some time, and even before the formal announcement, the odds of him pulling out of the race were surging on Polymarket.

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On the other hand, a Solana SOL/USD-based memecoin, Donald Trump, jumped 53% in the last 24 hours, with volumes swelling up by 265%.

See Also: Analyst Predicts Bitcoin To Soar By 83%, But There’s One Major Catch: ‘We’re Going To Get That Continuation As Long As …’

Why It Matters: Trump-themed coins have rallied sharply this year, bolstered by his support for the cryptocurrency industry in the U.S.

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His positive campaigning has helped garner support among proponents of the asset class, whether it be through his guarantees that the U.S. will become a crypto-friendly travel destination, his positioning as a “crypto president,” or his acceptance of political donations in cryptocurrencies.

The odds of Trump winning the elections were still overwhelmingly high at 65% on Polymarket, indicating the cryptocurrency market’s bullish bias.

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