Cryptocurrency News & Live Updates
Synopsis
A Deutsche Bank survey reveals that U.S. consumers, especially young affluent males, lead in cryptocurrency adoption, with a rate of 17%, significantly higher than the UK and EU.
Recent reports highlight a surge in cryptocurrency adoption in the U.S., particularly among young, wealthy males, with a notable increase from 24% to 29% in the 18-34 age group. Meanwhile, SharpLink Gaming has expanded its Ethereum holdings to over 205,000 ETH, investing around $19.2 million recently. In a strategic move, BTCS plans to raise $100 million in 2025 to enhance its Ethereum infrastructure. Bitcoin is also showing promising signs, currently supported at $107,245, with potential for a breakout above key resistance levels. Analysts suggest that if Bitcoin surpasses $110,530, it could challenge its all-time high of $111,980. Additionally, the memecoin FLOKI has experienced a significant 12.1% surge, driven by massive trading volume and bullish sentiment, particularly following the launch of its blockchain-based game, Valhalla. This combination of factors illustrates a dynamic landscape in the cryptocurrency market, with increasing institutional interest and evolving consumer behavior.
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U.S. Dominates Young Wealthy Cryptocurrency Users
A Deutsche Bank survey reveals that U.S. consumers, especially young affluent males, lead in cryptocurrency adoption, with a rate of 17%, significantly higher than the UK and EU.
SharpLink Gaming Boosts Ethereum Holdings to 205,634 ETH
SharpLink Gaming has increased its Ethereum holdings to 205,634 ETH after investing around $19.2 million to acquire an additional 7,689 ETH at an average price of $2,501 per ETH.
BTCS Aims to Raise $100 Million for Ethereum
BTCS, a Nasdaq-listed blockchain firm, plans to raise $100 million in 2025 to acquire Ethereum and build a leading public company focused on Ethereum infrastructure, with a phased fundraising approach based on market conditions.
Bitcoin Price Shows Potential for Upside Breakout
Bitcoin is currently supported at $107,245, with buying interest evident during dips. The cryptocurrency is poised for a potential breakout above $110,530, which could lead to a challenge of its all-time high of $111,980.
FLOKI Soars 12% on High Trading Volume
FLOKI, the popular memecoin, jumped 12.1% in just 24 hours, driven by a trading volume of 274.1 billion tokens, indicating strong market interest and potential bullish momentum.