Bitcoin held above US$30,000 in Tuesday morning trading, with Standard Chartered predicting the token will reach US$120,000 by the end of 2024. Other top 10 non-stablecoin cryptocurrencies also moved higher, with Matic token leading the rally.

On Thursday, both stock markets and cryptocurrencies experienced significant drops due to concerns over impending rate hikes. The Dow Jones Industrial Average declined by 1.5%, while Bitcoin stumbled to $30,600. These drops were caused by robust labor market data and anticipations of the United States Federal Reserve's monetary tightening.

The price of Litecoin has fallen by over 3% to $100.50, in line with the wider cryptocurrency market. The drop comes after the coin rallied by more than 65% to reach a year-to-date high of $116 on July 2, due to excitement around its halving in August and its listing on EDX Markets.

July 5 (Cointime) - The Federal Reserve's new instant payment solution, FedNow, will allow financial institutions of all sizes in the United States to provide faster payment services, similar to popular payment apps like Venmo and Cash App. The service will remove waiting periods for online payments to clear or checks to process, allowing payers to send funds on the day they are due.

June 28 (Cointime) - Bitcoin has remained above the $30,000 level, with hopes of a bitcoin ETF boosting market sentiment. Major financial institutions such as Fidelity, BlackRock, Invesco, WisdomTree, and Bitwise are all reportedly planning to file for a spot bitcoin ETF.

June 26 (Cointime) - Despite the Federal Reserve's decision to pause rate hikes and decreasing interest rates, the housing and mortgage markets are still struggling, which is important for investors to monitor as it affects various sectors such as banking. Reddit is exploring ways to increase revenue and considering an IPO, but its anti-establishment culture has made it under-monetized compared to other social media platforms. To address this, Reddit has announced significant charges for third-party apps to access its API. Additionally, Warren Buffet has invested $20 billion in Japanese companies, while Meta, owned by Facebook, is reportedly developing a competitor to Twitter called Threads, which has resulted in Elon Musk challenging Mark Zuckerberg to a cage fight on Twitter. Lastly, Q.ai offers Qbits on their Learn Center to help investors understand complex investment concepts.

June 22 (Cointime) - Federal Reserve Governor Jerome Powell has indicated that the Fed will likely raise interest rates in order to bring inflation back to 2%, despite concerns from some policymakers about the negative impact on fixed debts, salaries, and small businesses.

June 22 (Cointime) - Raoul Pal, CEO of Real Vision, advises investors to start buying digital assets, including Bitcoin and other cryptocurrencies, due to favorable macroeconomic conditions. He predicts that the Exponential Age will cause AI and other innovative technology stocks to rise, along with crypto assets.

June 21 (Cointime) - Former Barclays CEO Bob Diamond has called for the cryptocurrency industry to embrace regulation in order to fully realize the potential benefits of digitalization and cryptocurrencies.

June 21 (Cointime) - During a hearing on monetary policy, Federal Reserve Chairman Jerome Powell emphasized the importance of central-bank oversight in the regulation of stablecoins.