Crypto investor Ryan Sean Adams argued on December 4 that Ethereum’s (ETH) current valuation of around $2,200 is almost “hilarious” given the strengthening on-chain activity and the blockchain’s role in the sphere. Venture Capitalist: Here’s Why Ethereum Is Grossly Undervalued Adams cited data like the first smart contract platform generating billions annually in “gas” fees, transitioning to…
As institutional interest in Bitcoin grows, Fidelity and BlackRock’s proposed spot Bitcoin Exchange-Traded Fund (ETF) faces an unexpected hurdle: the crypto market’s unwillingness to let go of the coin at bargain prices. Bitcoin To $60,000 In Progress? According to Mike Alfred, who claims to be a value investor and a board director, the market will…
The Bitcoin price rose to $38.475 yesterday, marking a marginally higher high for the year. Nevertheless, the price did not manage to close the day above the important $38,000 mark. Shortly before the end of the day, the bears managed to push the price down again. As crypto analyst Daan Crypto Trades remarked, “Market does…
In the last two months, Bitcoin (BTC), the world’s most valuable cryptocurrency, has been increasingly decoupling from XRP, the native currency of the XRP Ledger (XRPL), and BNB, the coin priming the broader Binance ecosystem. While this pans out, Dogecoin (DOGE) and Cardano (ADA) remain mostly correlated with Bitcoin. XRP, BNB Decoupling From Bitcoin While…
The XRP community and Charles Hoskinson, the founder of Cardano, are currently in the cryptocurrency spotlight as both parties have been involved in a fiery dispute lately. XRP Community And Charles Hoskinson Face Off On Tuesday, November 28, an XRP community member, Mr. Huber, took to X (formerly Twitter) and called out Charles Hoskinson. The…
Ethereum (ETH) continues to absorb Bitcoin (BTC) selling pressure in November, looking at price action when writing on November 24. In the daily chart, ETH bulls have the upper hand, adding roughly 9% versus BTC from October lows. Ethereum Outperforms Bitcoin In November ETH buyers are firm, with price action still confined inside the conspicuous…
Brad Garlinghouse, the CEO of Ripple, expressed his views on the aftermath of their legal battle with the US Securities and Exchange Commission (SEC). Ripple CEO Insights On The SEC’s Stand In The Legal Battle The Ripple CEO spoke about the case between the crypto company and the SEC in an interview at the 2023…
Taking to X on November 22, crypto chartist @MortensenBach presented a bullish outlook for Bitcoin (BTC), predicting that not only will the coin breeze past $70,000 in the coming months, but it will set a new all-time high, fanning demand for stocks of Bitcoin mining companies like Riot Blockchain, Marathon Digital, and the rest. Bitcoin Trading Above…
A new era for the crypto industry approaches as the world’s largest exchange, Binance, changes leadership. Yesterday, the company’s founder and CEO, Changpeng “CZ” Zhao, stepped down as part of an agreement with the US government. The deal might have sparked a new era of adoption and legitimacy for the nascent industry at the cost…
Matrixport, a leading digital finance platform, today, November 22, released a comprehensive research note focusing on the significant implications of yesterday’s developments in the crypto industry, particularly regarding the prospects of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. Following the guilty plea of Binance CEO Changpeng Zhao (CZ) and the substantial financial…