Many had speculated that the rally in the crypto market was going to wane following the Spot Bitcoin ETF rumors fading out. That hasn’t been the case, though, and a recent revelation from a prominent crypto analyst suggests that the two largest cryptocurrencies by market cap, Bitcoin and Ethereum, could continue to see an upward…
Bitcoin price is facing a major hurdle near $35,250. BTC could rally toward $37,000 once it clears the $35,250 and $35,500 resistance levels. Bitcoin is aiming for a fresh move above the $36,000 resistance zone. The price is trading near $34,850 and the 100 hourly Simple moving average. There is a key contracting triangle forming…
The Director of Global Macro at Fidelity Investments, Jurrien Timmer, recently provided insights into the potential of the flagship cryptocurrency, Bitcoin, and went as far as labeling the crypto token as “exponential gold.” A Glance At Bitcoin’s Adoption Curve In a post released on his X (formerly Twitter) platform, Timmer mentioned that Bitcoin’s scarcity and…
Partner at the Venture Capital firm Placeholder Capital and prominent figure in the crypto community, Chris Burniske, has given an instance where assets like Bitcoin and Ethereum could see a repeat of what happened in mid-2019. New Highs Before A “Final Wipeout” In a post shared on his X (formerly Twitter) platform, Burniske mentioned that…
In recent developments, US authorities led by US Attorney Philip R. Sellinger successfully seized $54 million worth of Ethereum (ETH) from Christopher Castelluzzo, a convicted drug dealer operating in Lake Hopatcong, New Jersey. Massive Crypto Bust The US Attorney’s Office filed a civil forfeiture action to recover previously seized cryptocurrency that was determined to be…
Data shows the cryptocurrency longs have taken a beating today because of the plunge towards $34,000 that Bitcoin has observed. Cryptocurrency Futures Market Has Seen Liquidations Totaling $137 Million Today According to data from CoinGlass, a large amount of liquidations have taken place in the cryptocurrency futures market during the past day. “Liquidation” here refers…
Chainlink (LINK) appears to be riding the current market momentum as the cryptocurrency industry experiences a widespread surge. The recent fluctuations have brought LINK along with other digital currencies into the spotlight, prompting investors to closely monitor its trajectory. Amidst this upward trend, Chainlink has strategically positioned itself as a dominant force in the world…
Swiss non-profit Aragon Association has announced its dissolution, offering users the opportunity to redeem its native token, ANT, for ETH (Ethereum). This strategic move marks a crucial shift in the organization’s path and aims to address challenges that have arisen in recent times. As part of this dissolution process, ANT token holders will have a…
In their latest market update, QCP Capital, a crypto asset trading firm headquartered in Singapore, has dissected the recent Bitcoin price movements, attributing the rally to macroeconomic factors rather than the much-anticipated approval of a spot ETF. To recall, the Bitcoin surged from $34,500 to almost $36,000 on Wednesday. The Main Reason For The Bitcoin…
Bitcoin (BTC) is currently experiencing a notable surge in its value, effectively propelling the entire cryptocurrency market upwards. The recent upswing has drawn the attention of various experts in the field, one of whom is the pseudonymous crypto strategist known as TechDev. In a recent post on the popular social media platform X, TechDev emphasized…