Bitcoin Steadies Near $77,000 After 22% Weekly Surge; Altcoins Consolidate

·33 views

Bitcoin is holding its position close to $77,000 following a strong 22% gain over the past week. Altcoins XRP and Zcash, which led last week's rally, are pulling back after their significant price increases. Markets appear to be entering a consolidation phase as early momentum slows. Investor attention is now shifting toward Federal Reserve Chair Warsh's first appearance at the Jackson Hole economic symposium. His remarks are expected to influence broader market sentiment in the near term.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

White House crypto policy post left vacant after adviser Patrick Witt's exit

Patrick Witt, President Donald Trump's crypto adviser, has departed the White House. His exit leaves the digital assets office without a leader. It is currently unclear how the administration will pursue its cryptocurrency policy goals. The vacancy places the future direction of federal crypto policy in question.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Crypto for Advisors: Wall Street is done waiting on Congress for crypto rules

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Brooklyn prosecutors and FBI dismantle crypto fraud ring targeting Russian speakers

Brooklyn prosecutors and the FBI have taken down a large cryptocurrency fraud network that focused on Russian-speaking victims. According to the allegations, the operation drew people in through Russian-language Facebook advertisements and posed as financial advisers. The scheme is said to have stolen tens of millions of dollars from its targets. Victims were then approached a second time with false offers to recover their lost funds.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Ledger plans to turn its crypto hardware wallet into a smartphone

Crypto hardware wallet maker Ledger has unveiled a plan to transform its device into a smartphone. The device, called Atom, is designed to run everyday apps such as WhatsApp and Instagram. Users will be able to switch between standard smartphone functions and a secured mode dedicated to managing digital assets. The move comes as the company faces pressure in the market.

0 comments Read more at CoinDesk