Markets

Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes. “Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday. Cardano Is A Shitcoin, Says Hayes Continuing to describe the cryptocurrency – a top ten digital asset by market cap – Hayes did not mince words: “The first wannabe Ethereum, and probably the first one to go to be...

Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has disclosed that the crypto solutions provider and developer of the Ripple payment protocol would welcome a spot exchange-traded fund (ETF) for the network’s native token, XRP. Ripple to Welcome Spot XRP ETF Speaking on his thoughts about the current state of the crypto industry in a Bloomberg interview, Garlinghouse chipped in that creating multiple ETFs around different tokens is inevitable as they...

After reaching $52,000 within a span of two years, Bitcoin seems to have encountered a barrier. It’s currently trading below this significant psychological threshold, but overall, the sentiment remains optimistic. Recent data indicates a characteristic pattern of behavior seen in bullish market holders. ‘Typical Hodler Behavior’ Long-term holders of Bitcoin have collectively sold about 200,000 BTC from their stash since the start of the year. This selling trend has persisted...

In a recent press release addressing its Nigerian customers, major crypto exchange Binance distanced itself from the rumored currency speculation that is putting downward pressure on the already weak naira. The development comes amid reports of the cryptocurrency exchange earlier placing a cap on USDT sales on its peer-to-peer (P2P) marketplace. Binance Reportedly Under Scrutiny in Nigeria Binance traders in Nigeria on Tuesday, Feb. 20, complained that they were unable to buy...

Solana price started a downside correction from the $118 zone against the US Dollar. The price is now trading below $112 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $110 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $103 and $100 support levels to start another increase. Solana price is trading above $100 against the US Dollar, like Bitcoin. SOL is...

Bitcoin price started a strong increase above the $50,000 zone against the US Dollar. The price is now trading above $50,500 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $51,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $51,000 support zone. Bitcoin price is showing positive signs above $50,000 against the US Dollar. BTC might...

CoinspeakerEthereum Nears $3K as Market Anticipates Spot ETF and Dencun Upgrade In addition to ETF anticipation, the crypto community eagerly awaits Ethereum's Dencun upgrade that is scheduled for March 13. Ethereum Nears $3K as Market Anticipates Spot ETF and Dencun Upgrade

ADA price is gaining pace above the $0.580 zone against the US Dollar. The price is now trading above $0.6120 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $0.6050 on the 4-hour chart (data feed via Coinbase). The price could continue to rise if it clears the $0.640 and $0.650 resistance levels. Cardano price is rising above $0.620 against the US Dollar, like Bitcoin. ADA price could rally further if there is a...

Ethereum price is moving higher above the $2,750 resistance against the US Dollar. ETH price is now trading above $2,750 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $2,880 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,750 support zone. Ethereum price is rising above the $2,800 level against the US Dollar. ETH/USD could rise further if it clears the...

An unidentified trader has successfully generated a profit of $176,000 from a modest initial investment of 0.049 ETH, valued at just $137 at the time. Per analysis by Lookonchain, the trader initially utilized 0.049 ETH to acquire 16 million SORA tokens. Trader Nets 1280x Return The trader then made a strategic move by selling 12.36 million SORA tokens for a significant return of 36.57 ETH, which amounted to $102,492 at the prevailing market rates. In addition, including the...