Markets

TL;DR Dogwifhat (WIF) has rapidly increased in value in the past several weeks. Its potential to reach $1 depends on numerous factors like favorable market conditions. Short-term predictions suggest a 2024 price range of $0.33 to $0.76, while long-term expectations see it possibly exceeding $2.50 by 2030. Is There a Chance? Despite emerging less than two months ago, the Solana-based meme coin dogwifhat (WIF) managed to get a significant amount of attention. Its price spiked...

According to CC15Capital, which has been trading spot ETF Bitcoin holdings, around 134,000 BTC has been bought by the nine newly launched funds since Jan. 11. Meanwhile, Bitcoin’s price is pushing above $42K. This stash is currently valued at around $5.6 billion. However, the figure does not include outflows from Grayscale. GBTC holders have been dumping shares and rebalancing their portfolios to funds that have lower fees and better yields, adding selling pressure to spot...

Analysts at market intelligence platform CryptoQuant have revealed that BTC’s price bottoming signal can not be triggered until unrealized profit margins for short-term holders reach -10%. According to the CryptoQuant Institutional Insights weekly crypto report, short-term holders’ profit margins have approached zero, and this has caused ease in selling pressure. However, the leading digital asset is yet to call a price bottom. BTC Falls Below $40K Earlier this week, BTC fell...

The past week saw somewhat of a rollercoaster in terms of price action as Bitcoin’s decline sent ripples across the entire market. Now, however, the primary cryptocurrency is attempting a recovery, which has also treated altcoins well, many of which chart increases in the past 24 hours. Bitcoin Price Shoots to $42K At the time of this writing, Bitcoin’s price is trading at around $41.5K, charting an increase of 3.4% in the past 24 hours. This came after a sudden upward move...

Following the guilty plea of Changpeng Zhao (CZ), founder and former CEO of crypto exchange Binance, in November 2023, several American states have asked the local arm of the trading platform to refrain from servicing their residents. The Wall Street Journal reported that authorities in Florida and Alaska recently instructed Binance.US to cease its services in the regions. Florida and Alaska Restrain Binance.US Recall that the Department of Justice (DOJ) announced a $4.3...

Bitcoin’s price has been making lower highs and lows recently, following a decisive rejection from the significant $48K level. Investors are now wondering whether the uptrend is over or a new all-time high is still on the cards. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been formed and broken below an ascending channel below the $48K resistance level. This is a corrective (or bearish reversal) pattern, especially in case the price...

This week’s been quite the ride in the crypto markets, which currently stand at a total capitalization of around $1.68 trillion. That’s down some $50 billion throughout the past seven days, which have been particularly volatile, so let’s dive in. Bitcoin’s price went mad this week. On January 19th, it skyrocketed above $41.5K in a violent green candle and consolidated at that level for a few weeks, but it was on the 22nd when things started taking a turn for the worst. BTC...

CoinspeakerBinance.US Faces Suspension of Operations from Regulators in Alaska and Florida In the face of the US government's actions targeting the global Binance exchange, its domestic counterpart, Binance.US, continued its operations within the country. Binance.US Faces Suspension of Operations from Regulators in Alaska and Florida

Bitcoin’s (BTC) price has risen over 4% in the past 24 hours, buoying the overall cryptocurrency market. This price increase has led some investors to speculate that Bitcoin Minetrix (BTCMTX), the presale Stake-to-Mine project, could ride Bitcoin’s coattails as it gears up for exchange listings soon. Bitcoin Breaks Crucial $40k Barrier Amid Growing Bullishness Bitcoin is moving again, with the world’s top cryptocurrency pushing past the crucial $40,000 resistance level. At...

Large drawdowns are part of the game in the crypto world, and every bull market typically sees several harsh retracements of 20% or more. Overleveraged traders get wiped out, and everybody flips bearish. Then, suddenly, there’s a recovery. After a months-long run-up to the ETF approval, a drawdown, in retrospect, was inevitable. However, after a great deal of carnage and precipitously falling red candles, Dogecoin (DOGE), Solana (SOL), and Bitcoin (BTC) targets are now in...