To The Moon

The correlation between the cryptocurrency and stock markets is at an all-time high in September, according to a recent Coinbase research. The research also indicated that global easing campaigns in China and the U.S. are among the main reasons for the increased correlation, now nearing 50%.The report comes after a few major events in the crypto community went down, including the TOKEN2049 event in Singapore and the Solana Breakpoint conference. The Federal Reserve also decided upon an aggressive approach to the interest rate cuts, applying a 50-basis-point rate cut.The Fed’s decision during the Federal Open Market Committee meeting positively affected both crypto and stock markets. Bitcoin rose significantly, crossing the $64,000 mark. Additionally, crypto-related stocks rose, including Coinbase’s COIN and Microstrategy’s MSTR.Data from Bloomberg showed that U.S. equity futures were in tandem with crypto prices this week. Several U.S. stocks rose, with some reaching new all-time highs

Coinbase Global, Inc. witnessed a substantial surge in its stock price, with shares soaring by 5.02% on September 27th. This remarkable performance can be attributed to the ongoing bullish sentiment pervading the cryptocurrency market, fueled by a confluence of favorable factors.At the forefront of this rally is the resurgence of Bitcoin, the world's largest cryptocurrency by market capitalization. Bitcoin has recently breached the $65,000 mark, a pivotal psychological level, reigniting investo

You can also read this news on BH NEWS: Cryptocurrency Stocks Soar Amid Market Optimism. The US stock market saw a promising start, with companies tied to cryptocurrency enjoying significant upticks. Notably, Coinbase and Microstrategy stocks surged by 6%, reflecting strong pre-market activity and suggesting a potential short-term boost in the crypto sector. Analysts have set ambitious targets for Dogecoin, alongside intriguing projections for Bitcoin. The positive market sentiment appears to be gaining momentum, drawing attention to the potential for continued growth.Yes, according to analyst Moustache, who shared a reverse chart highlighting the likelihood of a bullish move. Bitcoin appears to be in the early stages of a significant push toward its all-time high, with projections exceeding $108,000. This aligns with expert opinions suggesting that Bitcoin could reach six-figure valuations by year-end.Crypto Fella also highlights Bitcoin’s upward trend, noting the creation of higher p

Crypto exchange Coinbase joined the wrapped Bitcoin race only a week ago, on Sept. 12, but accumulated nearly 2,000 tokens in circulating supply so far, potentially challenging the dominance of long-established players.According to data from CryptoQuant, cbBTC has grown in seven days to be the third-largest wrapped Bitcoin token, surpassing tokens that have been in circulation since 2020, such as Huobi BTC and renBTC .To put it in perspective, BitGo’s wBTC — the first wrapped Bitcoin token launched in 2019 — took over a year to achieve similar figures. Still, it continues to dominate the wrapped BTC market, with nearly 153,000 tokens in circulation at the time of writing, far outpacing its closest competitor, tBTC, which has around 3,400 tokens.Wrapped BTC tokens are tokenized versions of Bitcoin that allow holders to trade, lend, and liquidate it in decentralized financial applications . Coinbase’s large BTC holdings on its platform could help it gain a greater share of the wrapped