Markets

Bitcoin cash is eyeing a fresh increase above the $240 resistance against the US Dollar. The price is now trading above the $230 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $228 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $238 and $242 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $230 against the US...

Michael Sonnenshein, the CEO of leading asset management firm Grayscale Investments, believes the approval of spot Bitcoin exchange-traded funds (ETFs) could allow the crypto market to enjoy an inflow of $30 trillion in advised wealth. During an interview with CNBC’s Squawk Box, Sonnenshein said there is a lot of market optimism for Bitcoin (BTC) next year as many investors are adding the digital asset to their portfolios. Opportunity for $30T Advised Wealth Inflow...

With meme coins on the rise, analysts have been weighing in on whether bear market phenom Pepe is destined to resurge. Meanwhile, prominent analysts are notably bullish on Meme Kombat after its presale strikes $4 million. Pepe Traders Bullish Amid Critical Resistance Zone Pepe is priced at $0.000001251, down 4.15% today, 10.59% this week, but remains up 13% this month. This comes after a notable uptick at the beginning of December, causing the token to reach highs of...

As we enter 2024, there’s a massive surge of optimism in the crypto community, especially around meme coins. Dogecoin and Shiba Inu, in particular, are drawing significant attention. These coins showed signs of consolidation over the past few days after a consistent uptrend since October. With expectations of a bull market in 2024, the coming year is vital for DOGE and SHIB as market analysts closely watch its performance and potential impact on the broader crypto market....

Bitcoin’s price has recently found a stable range around the critical resistance level of $45K, indicating a bullish sentiment among market participants. However, there is a possibility of a short-term decline, potentially pulling back towards the $40K support level. Technical Analysis By Shayan The Daily Chart A close look at the daily chart shows that Bitcoin’s upward trajectory has faded upon reaching the critical $45K resistance zone. This level coincides with the upper...

The Bureau of Economic Analysis reported that GDP increased at a 4.9% annualized rate in Q3, slightly below the previously reported 5.2% pace. The latest report from the United States Labor Department reveals a marginal increase in weekly jobless claims, with the number rising by 2,000 to 205,000 for the week ending December 16. While this uptick might raise eyebrows, it is important to note that the overall trend remains at historically low levels, indicative of a labor market that has...

Amidst the sell-off, Ark Invest has strategically acquired 158,334 shares ($12.1 million) in Jack Dorsey’s Block Inc for its Next Generation Internet ETF.  Ark Invest, a renowned asset management firm led by Cathie Wood, has been making strategic adjustments to its portfolio, most notably in its dealings with Coinbase Global Inc (NASDAQ: COIN) and Grayscale Bitcoin Trust (GBTC). According to the company’s recent trade filing, Ark Invest sold additional tranches of Coinbase shares,...

The overall crypto market cap was close the $1.7 trillion mark on Wednesday, signaling that more money might be flowing into the crypto industry. Bitcoin (BTC) price rebounded from some of its losses from yesterday, edging close to the $44,000 level early Thursday morning. Recall that on Wednesday, US stocks recorded an unexpected drop that saw the S&P 500 index closing 1.42% lower on the day. This drop, albeit unsurprisingly, was enough to impact riskier assets like Bitcoin and the...

This partnership with Datachain and TOKI marks the latest in a series of high-profile collaborations for Oasys, demonstrating its commitment to expanding its ecosystem and progressing through its roadmap. Oasys, a leading gaming-focused blockchain, has forged strategic partnerships with Datachain and TOKI to enhance the interoperability of Web3 games built. This collaboration with Oasys demonstrates the industry’s commitment to pushing the boundaries of Web3 gaming despite difficult...

The House Financial Services and House Agriculture Committees have advanced bills actively seeking to provide a clear regulatory framework to govern the crypro and stablecoin market.  In 2023, the crypto industry witnessed a substantial surge in lobbying efforts aimed explicitly at shaping stablecoin regulations and influencing legislative outcomes in the United States, Bloomberg reported. According to the report, lobbying on stablecoin legislation experienced a significant uptick this...