Markets

A recently released study by Bitget focusing on the upcoming Bitcoin halving event indicated a positive outlook as market conditions continue to recover. With the Bitcoin halving scheduled for April 2024, investors across the world are carefully analyzing its potential impact on their investment decisions. The research involved a diverse array of contributors hailing from West Europe, East Europe, South East Asia, East Asia, MENA, and Latin America, comprising a total of...

The Indian crypto industry is seeking parity, urging fair regulations against foreign exchanges exploiting regulatory gaps amidst dwindling market share for local exchanges while investors face legal uncertainties. With unstable banking ties hindering operations, the sector is currently grappling with hurdles. However, India’s finance minister, Nirmala Sitharaman, refrained from providing any updates on the regulation and taxation of crypto during her interim budget address...

The US Securities and Exchange Commission made history in mid-January when it finally approved nearly a dozen spot BTC ETFs to launch on local exchanges after a decade of delays and rejections. There was a big price run-up ahead of the approvals that resulted in a highly positive Q4 ’23 for BTC. However, the landscape changed on the day the ETFs launched in the US, and Bitcoin slumped by over ten grand in the following weeks. Has the asset finally bottomed? The ETF Aftermath...

TL;DR Solana-based meme coins such as Bonk Inu, dogwifhat, and Myro have gained popularity, with their ability to outperform Dogecoin depending on technological advances, community growth, and market acceptance. Their success is closely tied to SOL’s performance, which has recently rallied substantially. What are the Odds? Solana-based meme coins, such as Bonk Inu (BONK), dogwifhat (WIF), and Myro (MYRO), have taken center stage as of late, charting explosive gains and...

Multiple altcoins with relatively large market capitalizations are going to see token unlocks in the upcoming days. These events are normally associated with fluctuating prices because of the shift in the dynamics of supply and demand. However, it’s worth noting that the entities behind them have been through multiple of these in the past years, and cushioning the impact on the market seems likely. Starting off with the first one on our list – Aptos (APT). Data from Token...

After the enhanced volatility experienced lately, BTC has finally calmed at around the $43,000 mark. Most altcoins are also untypically calm on a daily scale, aside from ICP and TIA – both of which have marked impressive gains. BTC Stalls at $43K Bitcoin slumped hard in the weeks following the approval and launch of nearly a dozen spot ETFs in the States and bottomed last Thursday at $38,500. The bulls finally managed to intervene at this point and didn’t allow any further...

One of the largest banking groups in Germany intends to launch crypto trading services for interested customers this year. According to a Bloomberg report, the cooperative financial group, comprising more than 700 local banks, a central bank, specialized service providers, and institutions, plans to enter the project’s pilot phase soon. DZ Bank to Lead Crypto Trading Project The DZ Bank, a central bank in charge of the project, leads the cooperative financial network. Souad...

The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins. Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an increase of slightly less than 5% for the past seven...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram. Looking ahead, ETH is working its way back up and could soon...

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. The market...