Markets

Amidst surging network activity, striking parallels between Dogecoin’s recent price action and its historical behavior in 2020 have emerged. Just as before, DOGE has broken out of a descending triangle formation and is now in a consolidation phase, reminiscent of its previous trajectory. In 2020, this pattern preceded an astounding surge of 28,770%. Crypto analyst Ali Martinez suggested that history might repeat itself, hinting at the possibility of another substantial bull...

Bitcoin’s price has been on the run for the past several months, having surged from under $20,000 to over $50,000 since June 2023. While that was mainly driven by the anticipation and the subsequent approval of nearly a dozen spot Bitcoin ETFs in the States, it seems retail traders are still not present, which begs the question of whether their arrival could propel another price surge for the asset in the next few months. How Did We Get Here? Data from Google Trends shows the...

TL;DR MAGA (TRUMP) coin hits an all-time high, whereas some leading cryptocurrencies show minor losses. The asset could be associated to Donald Trump who recently softened his stance on cryptocurrencies ahead of the US presidential elections. The prices of most leading cryptocurrencies (in terms of market capitalization) have experienced minor losses or have been trading sideways in the past few days. Bitcoin (BTC) is down less than 1% on a 24-hour scale, whereas Solana...

A U.S. federal judge has approved Binance’s guilty plea and a hefty $4.3 billion settlement deal for violating anti-money laundering (AML) and sanctions laws through its cryptocurrency exchange. According to a Reuters report, the plea and the settlement were accepted on Friday, February 23. The Settlement Deal The U.S. Department of Justice (DOJ) had announced the plea deal and settlement in November, alleging that Binance had violated the Bank Secrecy Act (BSA), the...

Bitcoin’s price went on the offensive once again after yesterday’s retracements and came inches away from tapping $52,000. Most altcoins are also slightly in the green, with ETH surging past $3,000 and SOL maintaining above $100. BTC to Challenge $52K? After a few consecutive weeks of price increases, the primary cryptocurrency had a quieter seven-day period this time. The only notable price surge came on Tuesday when the bulls drove the asset to a new multi-year peak of...

Zcash (ZEC) exploded roughly 30% weekly after Grayscale filed a request for a privacy-centered ETF that tracks companies from that sector, including privacy coins, AI, data security, and more. Grayscale approached the SEC this week with a proposal for a unique exchange-traded fund (ETF) focused on privacy and cybersecurity, the Grayscale Privacy ETF (PRVC), as revealed in the Form N-1A filing.  Privacy-Related ETF? The filing specifies that companies must derive more than 50%...

According to Tronscan data, Tron’s fee revenue soared to a record-breaking $1.758 million on February 20th. Tron’s revenue stems from fees levied on transactions, which are subsequently burned. This revenue is determined by multiplying the daily quantity of TRX burned by the closing price of TRX on CoinMarketCap. On the same day, the Tron network burned a total of 12,622,236 TRX. This milestone essentially underscored Tron’s growing adoption and activity within its network,...

European Central Bank advisors have described the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds in January as “the naked emperor’s new clothes” in their latest blog post. The advisors, Ulrich Bindseil, ECB Director General for Market Infrastructure and Payments, and Advisor Jürgen Schaaf, criticized Bitcoin, outlining its unsuitability as a means of investment or payment. ECB Advisors Challenge Bitcoin’s Validity While the Bitcoin...

Bitcoin’s price has entered a sideways consolidation phase following a notable surge toward the $52K resistance level, leaving market participants uncertain about its next direction. However, a short-term correction seems likely. Technical Analysis By Shayan The Daily Chart Analysis of the daily chart reveals a prolonged bull market for Bitcoin, characterized by its upward movement within a clearly defined ascending channel. This pattern indicates strong buyer dominance,...

Block, led by CEO Jack Dorsey, announced $66 million in gross profit from selling Bitcoin through its Cash App in the fourth quarter of last year. This marks a 90% increase from the previous year, according to the company’s earnings report released on Feb. 22. Block’s Bitcoin Revenue Soars to $2.5 Billion The report revealed that Block’s total Bitcoin revenue for the fourth quarter amounted to $2.5 billion, reflecting a 37% increase year-over-year. Similarly, full-year...