Last Week in Crypto: Highlights in the World of Cryptocurrencies
As we kick off another exciting week on Monday, August 19 th , 2024, at 9:00:05 AM EST (3:00:05 PM CET), we delve into the latest price action of the top ten cryptocurrencies, as per Coin Market Cap. Join us as we analyze these figures and anticipate how the market will unfold throughout the week. Subsequently, we will compare these prices with the closing figures of Friday, August 23rd, 2024, at 6:00:02 PM EST (12:00:02 PM CET), to gain insights into the week’s market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $63,591.84 | -7.41% | $58,879.67 |
| ETH | $2,726.70 | -7.85% | $2,512.56 |
| BNB | $561.29 | -5.09% | $532.70 |
| SOL | $153.82 | -11.57% | $136.02 |
| XRP | $0.5923 | -5.08% | $0.56 |
| TON | $5.5663 | -4.11% | $5.34 |
| DOGE | $0.1073 | -6.34% | $0.10 |
| ADA | $0.3726 | -6.92% | $0.35 |
| AVAX | $26.51 | -12.79% | $23.12 |
Robinhood Expands Crypto Horizon with Solana Integration
Robinhood has added Solana support to its Wallet, allowing users to self-custody and transact SOL. This follows their recent acquisition of crypto exchange Bitstamp, which is paving the way for futures trading in Bitcoin and Ethereum in the U.S. and Europe. The move is part of Robinhood’s broader strategy to enhance its crypto offerings and attract more retail investors.
Pepecoin (PEPE) Surges: A New Bullish Wave?
Pepecoin (PEPE), the memecoin with a viral frog mascot, is soaring with a 14.5% price increase this week and a daily trading volume over $500 million. The token is nearing a key resistance level of $0.00000830, and a breakout could propel it to $0.00000980, potentially offering an 18% gain. As Pepecoin gains traction, it’s poised to make headlines and could be a ticket to riches in 2024
CoinFlip Launches Crypto ATMs in Mexico, Expanding Global Presence
CoinFlip is deploying cryptocurrency ATMs across Mexico, marking the country as its eighth international market. With 20 ATMs set up in high-traffic areas in Mexico City, the rollout aims to provide a convenient way for Mexicans to access various cryptocurrencies. CEO Ben Weiss sees this as a key step in their growth strategy. CoinFlip, the secondlargest crypto ATM provider globally, plans further expansion beyond Mexico City throughout 2024. The ATMs support a range of cryptocurrencies and offer user-friendly interfaces for easy transactions.
Quidax Gets First SEC License: A New Era for Nigerian Crypto
Quidax has secured Nigeria’s first provisional crypto exchange license from the SEC, marking a major step in formalizing the country’s digital asset industry. The SEC’s approval is seen as a significant boost for innovation and growth within Nigeria’s crypto community.
Bukele Stands Firm on Bitcoin’s Impact Despite Low Adoption
In a recent Time Magazine interview, El Salvador’s President Nayib Bukele defended his Bitcoin strategy, citing its success in boosting the country’s global image, tourism, and investments. Despite only 12% of Salvadorans using Bitcoin, Bukele argues the move has rebranded El Salvador and positioned it prominently on the world stage. The country currently holds 5,851 BTC, valued around $352 million
Sources
https://crypto.news/robinhood-wallet-adds-support-for-solana/
https://crypto.news/crypto-atm-provider-coinflip-expands-to-mexico/
https://coinmarketcap.com/community/articles/66ceea8d5bb028799004bdc2/
https://cointelegraph.com/news/quidax-first-nigerian-sec-licensed-crypto-exchange
https://crypto.news/bukele-on-bitcoin-it-gave-us-branding-investment-and-tourism/
