Markets

TL;DR Lark Davis predicts institutional investors will expand into cryptocurrencies like Chainlink and Solana, beyond Bitcoin and Ethereum. He views the current phase as a pivotal chance for substantial wealth creation in the crypto market. Chainlink and Solana have shown significant institutional interest and price increases recently. Popular crypto influencer and entrepreneur Lark Davis (TheCryptoLark on X) is the latest to chime in, as he believes Bitcoin and Ethereum are...

Cryptocurrency exchange Binance has announced the suspension of Russian ruble (RUB) deposits starting from November 15, 2023. This decision by the company comes following its recent announcement regarding the sale of its entire Russian business to CommEX. Binance to Cease Russian Ruble Deposits In a November 10 announcement, Binance said it would be stopping Russian RUB deposits as of 00:00 on November 15, 2023 (UTC), marking a crucial step in its decision to exit the Russian...

Technical Analysis By TradingRage Ethereum’s price is finally trading above $2,000 again. Investors are more optimistic than ever, hoping that a new bull market has begun and ETH’s price is destined for a new ATH in the coming months. Yet, it is wise to be cautious after significant price movements. The Daily Chart On the daily timeframe, the price surged significantly yesterday after getting supported by the 200-day moving average around the $1,800 mark. The market has...

This week has been all about prices, hence the title. It appears that there’s tremendous anticipation for the approval of a spot Bitcoin ETF, which seems to be one of the main explanations given by many experts of the ongoing rally. A lot happened price-wise, so let’s unpack. First things first, it’s important to note that the SEC is currently in a tight window to make a decision on whether or not they will approve a spot Bitcoin ETF. There’s the possibility of more delays,...

TL;DR Solana’s Growth: Solana’s Total Value Locked (TVL) surges to $465 million, a significant increase from $300 million in early October, indicating strong growth in its DeFi sector. SOL Price Surge: The SOL token price jumps over 114%, from $21 to over $45, showing substantial market appreciation but still remains 80% below its all-time high of $260. Community Resilience: Despite concerns over FTX token sales, Solana shows a robust 300% growth this year, underscoring the...

The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years. A year after the crypto market saw the collapse of the now-defunct FTX Derivatives exchange and two years after Bitcoin (BTC) saw an all-time high of $69,044, the narrative of “Crypto is dead” has been unequivocally debunked. Crypto Market: Post-FTX Collapse The collapse of FTX was a turning point for the crypto market,...

Saylor sees Bitcoin’s potential to soar even higher, especially once regulators approve financial firms’ Bitcoin spot ETF products. MicroStrategy Inc (NASDAQ: MSTR), the software firm led by Executive Chairman Michael Saylor, has seen its shares surge by an astounding 246% in 2023. Saylor attributes this success to Bitcoin (BTC), which has not only fueled MicroStrategy’s growth but also positioned the company to compete with tech giants like Apple Inc (NASDAQ: AAPL), Microsoft Corp...

CME’s rise to the top suggests increasing institutional interest as the platform is a favorite among large traditional financial institutions. The Chicago Mercantile Exchange (CME) has surpassed Binance as the exchange with the largest Bitcoin futures open interest (OI) for only the second time in history. The first time was over two years ago. At the time, strong investor appetite after the launch of ProShares Bitcoin Strategy ETF increased Bitcoin (BTC) Futures trading on the exchange....

Bitcoin traders have engaged in a tough battle as BTC price shoots to $37,000. The Bitcoin futures open interest has shot to a seven-month high. Earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) made a strong move to $37,000 levels and is currently hovering around those levels. After significant overnight gains, Bitcoin price is making a determined push towards the $40,000 threshold. Surging by 6.6% in November and achieving nearly a 30% gain in October, the...

Bitcoin cash is attempting a recovery wave from the $230 zone against the US Dollar. The price is now trading below the $245 zone and the 55 simple moving average (4 hours). There is a key rising channel forming with resistance near $255 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $250 and $250 to start a steady upward movement in the near term. Bitcoin cash price is rising from $230 against the US Dollar, like Bitcoin....