Markets

Perhaps the most important development in terms of global validation for BTC in its 15-year-long history came last week when the US Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs to be traded on financial markets. These approvals were long-anticipated by the crypto community, as well as traditional investors, but they turned out to be a sell-the-news event, after which the price of the underlying asset slumped by 15% in a week or so....

Bitcoin dumped once more yesterday to a new monthly low of under $40,500, but it reacted well and dumped above $42,000 hours later. The altcoins continue to be quite sluggish, with little to no movements, aside from LINK, which has jumped by around 5%. BTC’s Declines The primary cryptocurrency had two completely different weeks. Last week, it soared past $49,000 on the day that 11 spot BTC ETFs reached the US markets and dumped by more than three grand later. The landscape...

TL;DR Dogwifhat (WIF), a Solana-based meme coin, saw a substantial price increase recently. A potential surpassing of Shiba Inu’s market cap hinges on factors like community support, use cases, market trends, and more. What are the Chances? The Solana-based meme coin – dogwifhat (WIF) – has been among the best-performing cryptocurrencies in the past two weeks, with its price exploding by triple digits (per Coingecko’s data) and market cap briefly exceeding $450 million. WIF...

Manta Network (MANTA), a blockchain project aiming to expand its reach in the Asian market, has found itself entangled in a controversy surrounding allegations of money laundering following its recent listing on the South Korean exchange Bithumb. The controversy emerged when DeFi enthusiast Definalist took to Twitter, suggesting potential misconduct by Manta Network on the day of its Bithumb listing. Money Laundering Allegations Definalist’s tweet highlighted several...

In a recent discussion with CNBC, Grayscale’s CEO, Michael Sonnenshein, shed light on the company’s decision to offer the highest fee among the 11 issuers of spot Bitcoin ETFs in the United States. Amid this 1.5% fee, Grayscale’s newly converted spot Bitcoin ETF has attracted the most substantial trading volumes compared to other issuers. Sonnenshein shared the rationale behind Grayscale’s decision to maintain the highest fees and emphasized the significant market share the...

The cryptocurrency market seems to have been cooling off throughout the past seven days, decreasing to its current capitalization of $1.69 trillion. This comes a week after the United States Securities and Exchange Commission approved a spot Bitcoin ETF. Undoubtedly, the above has been on everyone’s mind for the last few months. Now that the approval is finally here, the market is cooling down. Somewhat expectedly, the ETF didn’t attract hundreds of billions of inflows. In...

Ethereum’s price has been on the rise over the last few months, breaking through resistance levels one by one. Yet, the cryptocurrency might have reached a potential turning point. Technical Analysis By TradingRage Ethereum Price Analysis: The Daily Chart On the daily chart, the market has been acting very bullish since breaking the 200-day moving average to the upside. It has been making consistently higher highs and lows, with the Relative Strength Index showing values...

Ripple’s price action against both USDT and BTC has been bearish for the last few months. Analyzing the charts might provide clues on the potential direction of the market in the short term. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Paired Chart Against USDT, XRP has been on the decline since getting rejected from the resistance $0.7 level. The price has been trapped inside a descending channel, failing to break it to the upside on multiple occasions....

The crypto market has kicked off 2024 with a bang, as meme coins like dogwifhat (WIF) and Bonk (BONK) capture investors’ attention. However, one leading crypto trader has predicted that fan-favorite Dogecoin (DOGE) could surge to $5 before the end of the year based on several bullish technical factors. While DOGE aims for $5, new meme coin Meme Kombat (MK) looks poised for similar exponential gains – with a promising forecast after its presale concludes. Dogecoin Price...

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently shown remarkable resilience and strength in the crypto market. As of now, Ethereum is trading at $2,563, reflecting a minor drop of -2.67% over the past 24 hours. This decline follows a period of impressive growth in which ETH surged by 23.22% in just three weeks. The recent bullish momentum has catapulted Ethereum back above the 50% level, signaling a potential continuation...