Markets

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...

Bitcoin cash price started a fresh decline from the $300 zone against the US Dollar. The price is now trading below the $255 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $255 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $255 resistance zone. Bitcoin cash price is struggling below the $250 zone against the US Dollar,...

Stablecoin giant Tether quietly bought over $360 million worth of Bitcoin (BTC) at the start of the year, according to on-chain data. The purchase brings the company’s total Bitcoin holdings up to 66,400 BTC worth $2.7 billion. Tether’s Massive Bitcoin Buys According to Bitcoin market intelligence provider CryptoQuant, a blockchain address previously identified as Tether’s saw its balance rise from 57,500 BTC to 66,400 BTC on January 4. That’s the largest single-day rise for...

[PRESS RELEASE – Cayman, Cayman Islands, January 18th, 2024] zbyte, the premium Web3 infrastructure platform, is proud to announce the launch of its mainnet and the DPLAT token, a significant milestone in bridging the gap between Web2 and Web3 technologies. zbyte is backed by prominent investors like Cartography Capital and Quarterback Financial. The zbyte mainnet introduces an innovative low-code, no-code module that enables Web2 developers to effortlessly create...

If you’re thinking about buying Bitcoin (BTC), think again: savvy investors are starting to consider MicroStrategy (MSTR) a far more appetizing trade. In a series of posts to X this week, Blockstream CEO Adam Back has argued that shares in the Bitcoin-bullish software business are trading at a massive discount relative to their underlying BTC holdings. MSTR Versus BTC: Which Is Better? MicroStrategy is owned by self-identified Bitcoin maximalist Michael Saylor, and is one of...