Markets

Tether’s total assets are not far away from $100 billion following a monumental rise over the past six years.  The current figure for the firm’s total assets is $95.2 billion, according to its transparency report. Of that amount, $92 billion is in the dollar-pegged stablecoin, USDT.  Tether Keeps Growing On Jan. 3, Tether and VanEck strategy advisor Gabor Gurbacs reaffirmed his support for the firm, adding, “Like the Bitcoin ETF, many thought I was crazy.” “USDT market cap...

TL;DR Cardano’s ADA experienced an 11% drop recently, but analysts like Captain Faibik see potential for a rally, predicting a rise towards $0.80 by the end of January. ADA’s on-chain trading volume has been on the rise, suggesting increased interest that could lead to a potential uptrend in its value. External factors, including the possibility of a US Bitcoin ETF approval and the upcoming Bitcoin halving, might positively influence ADA’s price, with some analysts...

Cryptocurrencies continue to gain significant attention. This digital money, devoid of a central regulatory authority, opens avenues for a new and decentralized economy. Investment in these virtual currencies remains attractive and risk-laden. Potential returns may outweigh the risks for discerning investors. This article delves into strategies for identifying promising new cryptocurrencies for investment purposes. Importance of Research in Crypto Investment...

Solana price started a downside correction from the $125 zone against the US Dollar. The price is now trading above $105 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $104 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $104 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 $44,000 zone against the US Dollar. The price is now trading above $44,000 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $42,650 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 $44,350 support zone. Bitcoin price is showing positive signs above $44,000 against the US Dollar....

Bitcoin (BTC) miners have suddenly begun offloading their BTC holdings to crypto exchanges, signaling a potential reversal of months of upward price momentum. Per a Sunday post from SignalQuant – an author for Bitcoin analytics firm CryptoQuant – paying attention to short-term miner behavior may be necessary for “wise investment.” The Meaning Of Miner Deposits Miners are the first recipients of all new BTC issued by the Bitcoin network, as well as all transaction fees paid by...

TL;DR Shifts in Blockchain TVL: The year 2023 saw changes in the total value locked (TVL) rankings among various blockchain platforms, with significant fluctuations and new entries making an impact. Highlights in Blockchain Performance: Certain networks gained popularity and development recognition, outperforming rivals in aspects like Google searches, NFT sales, and on-chain trading volume. Cryptocurrency Value Fluctuations: There were notable increases in the prices of some...

TL;DR SEI Token’s New High: SEI, the native token of Sei Network, reached a record price, boosting its market ranking. SEIYAN’s Contribution: The introduction and rapid value increase of SEIYAN, a related memecoin, may have influenced SEI’s performance. SEI Reaches a New Peak SEI – the native token of the Ethereum Virtual Machine (EVM) blockchain Sei Network – climbed today (January 2) to an all-time high price of almost $0.80 (per CoinGecko’s data). Its market...

Ethereum’s price has encountered a significant obstacle at the critical $2.4K resistance, leading to an extended consolidation phase within this pivotal range. This situation and the bullish sentiment in the futures market have heightened expectations for a potential bullish breakout. By Shayan Ethereum Price Analysis: The Daily Chart A detailed examination of Ethereum’s daily chart reveals an ascending consolidation period, with the price approaching a substantial...

ADA price is attempting a fresh increase above the $0.605 zone against the US Dollar. The price is now trading above $0.612 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5950 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.640 and $0.6550 levels. Cardano price is holding the $0.600 support against the US Dollar, like Bitcoin. ADA price could gain...