In A Nutshell Bitcoin’s current trading value witnessing a modest dip to $51,400 amidst various factors, including regulatory discussions, stands at the forefront of the cryptocurrency market’s ever-evolving landscape. With the U.S. Senate’s hesitation on crypto legislation, Switzerland’s Postfinance launching crypto services, and Japan considering a bill to allow investment funds to hold cryptocurrencies, the…
In A Nutshell Digital Currency Group (DCG) has expressed strong opposition to a settlement agreement between its subsidiary Genesis and the attorney general of New York. The dispute revolves around Genesis’s proposed asset sale, valued at approximately $1.6 billion, which includes substantial investments in Grayscale’s cryptocurrency trusts. DCG’s main point of contention is what it…
tl;dr The Fetch.AI (FET) token experienced a significant 54% price rally over the past 7 days, largely driven by the excitement surrounding the launch of OpenAI’s AI-based video generation app, Sora. The hype around AI technologies contributed to this surge. Despite the impressive growth, technical indicators suggest caution, as the token enters overbought territory with…
ETH and ADA Prepare for Altcoin Season While everyone is waiting for a reaction from Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA) seem to be preparing to take control. If the dominance of Bitcoin falls, ETH and ADA could lead the altcoin rally. Despite recent price increases, according to crypto analyst Dan Gambardello, ETH and…
Why SHIB Could “Fly to the Moon” Though some holders are counting their losses, SHIB may be on the verge of stepping on the gas pedal. The network’s profitability has declined, but a bounce from recent lows may be imminent. The price of SHIB could rise to $0.000012 if capital inflows increase. Network Realized Profit/Loss…
Ethereum: Rising Prices Lead to Riskier Bets? The recent price increase of Ethereum (ETH) seems to be leading traders to take riskier bets. In the last three months, addresses likely holding less than 10 million ETH have probably sold. Ethereum’s Bullish Tendency Ethereum is showing a bullish tendency on the price charts. The distribution of…
XRP-FUD could turn into FOMO in the coming days Despite uncertainties about Ripple’s transactions, XRP did not fall below $0.56. On-chain metrics and technical indicators suggest a short-term price increase. Early on the morning of February 20, Ripple [XRP] moved 60 million tokens between wallets. According to Whale Alert, the transaction went from Ripple’s wallet…
Ethereum’s price surge raises hopes for ‘Altseason’ While the price of Bitcoin [BTC] reached new heights in recent days, Ethereum [ETH] followed this trend. On February 19, ETH reached its highest price in 22 months, rising to $2,980. This is the first time since April 2022 that ETH has approached $3,000. This significant price increase…
Bitcoin could rise above $100,000 USD in the next 18 months Due to the upcoming Bitcoin halving event in 2024, the cryptocurrency industry is optimistic about BTC’s chances. Anthony Pompliano, founder and investor at Pomp Investments, suggests an inevitable “supply shockwave” expected for Bitcoin’s future after the halving in a recent interview with Fox Business…
Bitcoin Drives Crypto Inflows to 26-Week High Crypto funds recorded net inflows of over $2.5 billion for the third week in a row. This is primarily due to Bitcoin, which accounted for over 99% of total inflows. Record Inflows into Digital Asset Funds Last week, digital asset funds recorded record inflows totaling $2.45 billion. This…