WEEKLY CRYPTO PRICE ANALYSIS: BTC, ETH, BNB, SOL, XRP, DOGE, And ADA
Weekly crypto price analysis for major tokens such as Bitcoin( BTC), Ethereum (ETH), Binance(BNB), Solana(SOL), XRP, Cardano(ADA), and Dogecoin(DOGE) shows a promising outlook for the market. Most digital assets display sideways trend momentum and challenging resistance levels, with slight correction over the past 24-hours. Leading the pack, Bitcoin (BTC) has successfully maintained its position above […]
Crypto Company Strike Rolls Out Payment Services in Europe
The United States-based popular crypto payments company, Strike, has officially launched services in Europe, a statement on Wednesday says. Nevertheless, these services are not yet provided in many European nations. Residents in the countries where the services are available are now able to buy, sell, deposit, and withdraw funds using the platform. The company has […]
Unveiled insights: Satoshi Nakamoto’s ideological Bitcoin vision
Shedding some new light on Bitcoin’s early days, an early contributor to the Bitcoin community, Martti Malmi, has created an undisclosed email collection received from Satoshi Nakamoto. The emails open a window into Nakamoto’s ideological understanding of Bitcoin as a payment system channel. Nakamoto’s view of what Bitcoin could do for humankind Another important piece […]
Bitcoin miner reawakens wallet, transfers $3.3 Million
Today, a remarkable transaction was one of the earlier deals; the value was estimated at 50 Bitcoins; this amount is equivalent to $3.3 million. Being mined in April 2010, these coins were asleep for around 14 years. The fling implies initiatives like wallet consolidation or readiness for sale by one of the early Bitcoin miners. […]
Bitcoin (BTC) miners liquidate holdings as halving nears
As the much-anticipated fourth halving of Bitcoin (BTC) approaches, the cryptocurrency market has observed a notable trend among miners. According to insights from CryptoQuant, miners have begun to liquidate their Bitcoin holdings. This move aims to capitalize on the ongoing bull run and prepare for future profitability by upgrading their equipment. Despite this sell-off, the […]
Bitcoin ETF stalls as SEC flags first Trust SkyBridge plan
The US Securities and Exchange Commission (SEC) has recently directed First Trust Advisors and SkyBridge Capital to consider their Bitcoin exchange-traded fund (ETF) application as abandoned. This directive came after the firms failed to respond to previous communications from the SEC regarding their registration statement. The notice was issued on a Wednesday, marking a significant […]
Bill Ackman considers Bitcoin amid economic speculation
Bill Ackman, the founder and CEO of Pershing Square Capital Management, sparked a lively discussion within the cryptocurrency community. Ackman, known for his sharp financial acumen, presented a hypothetical scenario where the price of Bitcoin could escalate dramatically. He suggested that an increase in Bitcoin’s price could lead to more mining activity. This, in turn, […]
South Korea’s Bitcoin Kimchi Premium hits new peaks
Bitcoin (BTC) has witnessed a significant price recovery, surpassing the $66,000 mark after a brief pullback. This resurgence is mirrored by a notable increase in the ‘Kimchi premium’ in South Korea, which has achieved its highest level in two years. The term ‘Kimchi premium’ refers to the difference in the price of cryptocurrency assets, particularly […]
Top 4 Cryptos That Can Surge 10x This Bull Run
4 Cryptos That Can Surge 10x This Bull Run: The 2024 bull market’s exhilarating rise is spotlighting cryptocurrencies poised for exponential gains. Leading the charge are Sei (SEI), dYmension (DYM), Render (RNDR), and XRP, distinguished by their robust potential in a landscape supercharged by BTC and ETH’s remarkable surges. Each of these digital assets exhibits […]
Bitcoin ETFs accumulate 346,456 BTC amidst market rally
During Bitcoin’s recent surge, data from HODL15Capital, a respected asset allocator, indicates a consistent acquisition of Bitcoin across all nine active spots of Bitcoin Exchange-Traded Funds (ETFs) over the past eight weeks. This accumulation trend has coincided with Bitcoin’s remarkable rally, reflecting a significant correlation between ETF activity and the flagship cryptocurrency’s price movement. BTC […]
$1.3 billion Bitcoin purchase by unknown entity stirs speculation
In a remarkable display of financial muscle, a single Bitcoin wallet made headlines by acquiring over 26,200 BTC, valued at approximately $1.3 billion. This transaction, executed at $51,000 per Bitcoin, has sent ripples through the cryptocurrency community, igniting a flurry of speculation regarding the buyer’s identity. The wallet, identified by the address 3M6XpqUc8G8GuHYKQhjAWobo5aGpkdV7u, has become […]
Carson Group selects four Bitcoin ETFs for client portfolios
Carson Group, a prominent financial advisory firm headquartered in Omaha, Nebraska, has announced its decision to offer its clientele four out of ten newly launched Bitcoin exchange-traded Funds (ETFs). This decision underscores the firm’s response to the surging demand for Bitcoin ETFs, marking a pivotal moment in integrating digital currencies into mainstream investment portfolios. With […]
Bitcoin’s journey to $63,000, Matrixport analysts forecast
In a recent report released by Matrixport, a leading financial services platform specializing in digital assets, analysts have projected a bullish outlook for Bitcoin (BTC), suggesting that the cryptocurrency could reach a target of $63,000 by March 2024. This forecast is based on a combination of factors believed to contribute to the asset’s potential growth […]
Snowden praises Bitcoin’s revolutionary impact
Renowned whistleblower Edward Snowden has reiterated his stance on Bitcoin (BTC), dubbing it the most significant monetary advancement in history. The outspoken advocate for privacy and decentralization took to his official X account to express his views, highlighting Bitcoin’s decentralized nature as the cornerstone of its revolutionary potential. In his recent statements, Snowden drew parallels […]
Robbert Kiyosaki predicts Bitcoin surge: $100,000 by June 2024
Renowned author and investor Robert Kiyosaki, famous for his groundbreaking work “Rich Dad Poor Dad,” has once again sparked discussions within financial circles with his latest Bitcoin forecast. Taking to social media, Kiyosaki confidently asserted that Bitcoin (BTC) is on track to reach the significant milestone of $100,000 by June 2024. This bold projection aligns […]
Bitcoin hash rate soars to 562.81 EH/s amid rising mining difficulty
Bitcoin’s mining difficulty has exceeded 80 trillion, setting a new record. According to data from BTC.com, the difficulty level reached an unprecedented 81.73 trillion on February 16, indicating a continuous upward trend that began in January 2023. This increase in difficulty is paralleled by a surge in the network’s hash rate, which has achieved a […]
Bitcoin ETFs boost holdings with 12,073 BTC amid market surge
In a significant move that underscores the growing institutional interest in cryptocurrency, Bitcoin ETF in the United States have collectively added over 12,073 Bitcoins to their holdings. This acquisition, valued at approximately $590 million, marks a notable shift in the landscape of digital asset investments, particularly in the wake of the U.S. Securities and Exchange […]
Bitcoin breaks $50,000 amid bullish signals from Bollinger
Bitcoin has surpassed the $50,000 mark again, drawing attention from investors and analysts worldwide. Among them, John Bollinger, a renowned figure in technical analysis and the inventor of Bollinger Bands, has offered his insights into this latest cryptocurrency surge. Bollinger’s analysis, which is shared on the social media platform X, provides a unique perspective on […]
Bitcoin breakthrough to $50K elevates MicroStrategy and mining shares
Bitcoin’s recent surge past the $50,000 mark on February 12 has sent ripples through the cryptocurrency and stock markets, marking a significant milestone for the leading digital currency. This upward movement has not only bolstered Bitcoin’s position. Still, it has also triggered a notable increase in the stock prices of companies closely linked to Bitcoin, […]
Bitcoin fails to challenge government currency control, says Rogers
In a recent interview with Kitco News, Jim Rogers, the co-founder of Soros Fund Management and the mind behind the Rogers International Commodity Index, shared his views on Bitcoin and its impact on government currencies. Rogers argued that Bitcoin, despite its growing acceptance, does not pose a significant threat to the traditional financial systems or […]
Robert Kiyosaki warns of impending market crash, backs Bitcoin
In a recent surge of activity on social media, Robert Kiyosaki, the acclaimed author of “Rich Dad Poor Dad” and a known advocate for Bitcoin, has shared his insights on the current state and future of the U.S. financial markets. Despite the positive momentum observed in major stock indexes, Robert Kiyosaki projects a bleak outlook […]
Tim Draper forecasts Bitcoin’s total takeover
Renowned billionaire investor Tim Draper, known for his early advocacy of Bitcoin, has reaffirmed his belief in the future of cryptocurrency. In a recent Bloomberg interview, Draper acknowledged his previous forecasting misstep but remained unwavering in his confidence in Bitcoin. He humorously remarked, “I don’t know why anybody is still listening to me if I […]
Bitcoin market grapples with liquidity amid ETF surge
Despite the significant trading volumes generated by spot Bitcoin exchange-traded Funds (ETFs), the cryptocurrency market struggles with liquidity issues. The current state of Bitcoin’s market depth, a key liquidity indicator, suggests that the capacity for executing large transactions without major price impacts remains limited. A substantial number of buy and sell orders near the current […]
Grayscale reduces Bitcoin holdings by over 52,000 BTC
Grayscale Investments, the entity behind the Grayscale Bitcoin Trust (GBTC), has executed a large-scale sell-off of its Bitcoin holdings. The divestment amounts to approximately $2.14 billion, a decision made in the wake of the United States Securities and Exchange Commission (SEC) authorizing spot Bitcoin exchange-traded funds (ETFs). Grayscale’s strategic move amidst market changes Grayscale Investments, […]
US Bitcoin ETFs hold $27 billion in assets, Ali Martinez reports
Analyst Ali Martinez has disclosed the staggering amount of Bitcoin held by major US-based spot Bitcoin ETFs. As of January 19, these entities collectively possess 638,900 BTC, valued at around $27 billion. This significant disclosure underscores the deepening integration of Bitcoin into mainstream finance and highlights the growing importance of cryptocurrency in the investment landscape. […]
BTC price remains above $40K despite RSI dipping to 4-month lows
Bitcoin’s Relative Strength Index (RSI) drops to levels not seen since September, indicating potentially oversold conditions despite BTC’s price above $40,000. Bitcoin (BTC) is on a rollercoaster ride as its Relative Strength Index (RSI) hits its lowest level in four months. The RSI suggests potentially oversold conditions despite trading above the $40,000 mark. Analyst Matthew […]
SEC issues caution on digital assets amid Bitcoin ETF talks
In a recent development, the U.S. Securities and Exchange Commission (SEC) has issued a cautionary statement regarding the surge in interest towards digital assets, particularly amidst the increasing speculations over the approval of spot Bitcoin Exchange-Traded Funds (ETFs). The regulatory authority’s report, released on a Saturday, serves as a sobering reminder to investors about the […]
Bitcoin ETF green light could lead to crypto crash, says analyst
As the U.S. Securities and Exchange Commission (SEC) nears its decision to approve a Bitcoin ETF, a divergence of opinions emerges among crypto analysts and experts. Ran Neuner, founder of Crypto Banter, has highlighted concerns regarding the immediate future of cryptocurrency markets. Neuner points to a potential “sell-the-news” event that could trigger a market correction […]
Nate Geraci forecasts a revolutionary year for Bitcoin ETFs in 2024
In a bold forecast for the upcoming year, ETF expert Nate Geraci has predicted a revolutionary phase for Bitcoin ETFs, expecting them to outperform all prior ETF launches. This prediction comes amidst a blend of skepticism and cautious optimism from financial advisors and wealth management platforms. Bitcoin ETFs: A game changer in the making Geraci’s […]
Debunking top 10 Bitcoin myths ahead of the Spot BTC ETFs approval
As the crypto community eagerly anticipates the potential approval of Spot Bitcoin Exchange-Traded Funds (ETFs), a surge of misinformation and misconceptions surrounding Bitcoin has proliferated. With the financial landscape evolving and institutional interest in cryptocurrencies reaching new heights, it becomes crucial to dispel common myths that may hinder a comprehensive understanding of Bitcoin’s true nature […]
Marathon Digital readies for big Bitcoin sell-off amid growth
Marathon Digital Holdings, Inc., a leading player in the cryptocurrency mining sector, is gearing up for another significant sell-off of Bitcoin (BTC). This decision comes after the company’s recent sale of 704 BTC in December 2023, which accounted for 38% of its monthly production. The sold BTC, aimed at covering operating expenses, brought in a […]
Bitcoin set to break $50K, Matrixport predicts January surge
In a recent report, Matrixport, a leading Asian cryptocurrency trading firm, has projected that Bitcoin (BTC) may surpass the $50,000 mark before the end of January 2024. This prediction comes as BTC continues to exhibit strong performance, having already breached the $45,000 threshold. Matrixport’s forecast, originally made on December 21, has been largely accurate, with […]
$1.19 billion in BTC leaves exchanges in record outflow
Bitcoin investors witnessed a historic event on Wednesday as a massive amount of BTC worth $1.19 billion left centralized exchanges. This extraordinary outflow, the largest BTC volume since December 2022, has triggered speculation within the crypto community. The departure of these coins from exchanges is often seen as a signal of investors’ intentions to embrace […]
Market analyst JD predicts a significant XRP upsurge soon
Ripple‘s XRP is once again in the spotlight. Market analyst JD has recently drawn attention to XRP’s current market behavior, drawing parallels with the 2017 cycle and predicting a potential upsurge. His analysis suggests that investors who overlook XRP in favor of more rapidly ascending cryptocurrencies might miss out on significant gains. XRP’s historical performance […]
Indian engineer falls prey to deceptive crypto scheme
In a recent incident, a 53-year-old engineer from Bengaluru, India, suffered a significant financial loss due to a cryptocurrency investment scam. The engineer was deceived into investing Rs 95 lakh (US$114,230) in Bitcoin (BTC) by a scammer posing as a representative of a global investment firm. The deceptive scheme The scam began when the engineer, […]
Bitcoin funding rate reset indicates continued rally, say analysts
Recently, Bitcoin (BTC), the cryptocurrency market leader, has seen its funding rates return to standard levels following a significant rally. This normalization is a key indicator of the market’s current dynamics. Data from Coinglass reveals that Bitcoin traders paid fees ranging from 0.19% to 0.93% over the past week to maintain their long positions. This […]
Why is Bitcoin price up today? BTC trades close to $43K
The price of Bitcoin has risen today, reaching $42,888.30 after falling as low as $40,300 over the weekend. The rise reflects traders’ persistent bullish attitude toward Bitcoin, which had the highest November performance since 2020 and is expected to continue rising in December. According to CoinGecko, the price of Bitcoin (BTC) is $42,888.30 at the […]
Flare Network’s FAssets to transform XRP and BTC usability
Flare Labs, the innovative team behind the Flare Network, is revolutionizing cryptocurrency with its latest project, the FAssets protocol. This ambitious initiative aims to bring smart contract capabilities to cryptocurrencies like XRP and Bitcoin (BTC), which traditionally do not support such functions on their native networks. As of December 1, Flare Labs has initiated private […]
Bitcoin braces for 2024 halving, miners face major changes
The Bitcoin community braces for a significant shift as the next “halving” event, anticipated in April 2024, approaches. This event, critical in the cryptocurrency’s timeline, will see the rewards for Bitcoin mining slashed by half. The impact of this change is already stirring discussions and strategic moves among investors and miners. Currently, Bitcoin is nearing […]
BlackRock leads charge for BTC and ETH spot ETF regulations
BlackRock, the global leader in asset management, is spearheading a pivotal initiative to align the regulatory framework for Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs) with that of futures ETFs. Their objective is to achieve the same level of regulatory oversight for spot market-based ETFs, a move that could significantly reshape the landscape of […]
