Crypto news

Cathie Wood’s asset management firm Ark Invest has predicted that the price of Bitcoin (BTC) could soar to $2.3 million if institutions allocated a substantial portion of their investable asset base to it. The asset manager made the prediction in its research report named Big Ideas 2024, explaining the hypothetical impact that institutional investments and allocations from the global $250 trillion investable asset base would have on BTC’s price. Bitcoin Could Be Worth $2.3M...

The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins. Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an increase of slightly less than 5% for the past seven...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram. Looking ahead, ETH is working its way back up and could soon...

Ripple’s recent downtrend has persisted, resulting in the price falling below both the 100 and 200-day moving averages. Despite this decline, XRP has reached a substantial support region, marked by the triangle’s lower boundary at $0.5, and a short-term reversal is anticipated. By Shayan The Daily Chart A thorough examination of the daily chart reveals a pronounced decline in Ripple’s price, ultimately leading to its arrival at a critical and decisive support region. This...

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. The market...

After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside. Yet, the uptrend may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and breaking out in either direction is likely to dictate...

CoinspeakerApple CEO Tim Cook Hints at AI Announcement ‘Later This Year’ While Apple has yet to announce any work on a gen AI model, it has been using machine learning technology in its chips and software for features such as image recognition.  Apple CEO Tim Cook Hints at AI Announcement ‘Later This Year’

CoinspeakerBlackRock’s BTC ETF Outpaces Grayscale’s GBTC on This Front Fidelity’s Wise Bitcoin Fund (FBTC) and BlackRock’s IBIT have posted $6 billion in cumulative inflows in the past three weeks. BlackRock’s BTC ETF Outpaces Grayscale’s GBTC on This Front

CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Despite the recent growth, Solana's weekly volume is behind Ethereum’s 7-day DEX volume, with $5.518 billion compared to Ethereum's $7.971 billion.  Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection

CoinspeakerCelsius Mining Assets Find New Life as Ionic Digital Gears Up for Takeover and IPO By acquiring all of Celsius mining equipment and infrastructure, Ionic Digital believes it can quickly reach its goal of total mining power of 12.7 exahash per second (EH/s) later this year. Celsius Mining Assets Find New Life as Ionic Digital Gears Up for Takeover and IPO