Markets

The crypto markets saw a strong performance this past week, with major cryptocurrencies like Ethereum, Solana, and Cardano posting double-digit gains. Leading the charge was Bitcoin, which briefly surpassed $36,000 to hit its highest level since September, with Ethereum also putting in new highs. But the spotlight is increasingly falling on an emerging project called Bitcoin Minetrix, a new ERC20 token gaining momentum through its novel “stake-to-mine” concept. Ethereum...

Bitrace has recently unveiled a concerning trend within the Telegram coin exchange robot ecosystem, primarily involving the TRC20 USDT cryptocurrency. This trend includes a substantial number of addresses associated with gambling, money laundering, stolen coins, and fraudulent activities, which can potentially taint innocent users’ addresses and expose them to financial threats. Bitrace Research Reveals Concerns on Telegram Coin Exchange A recent study by Bitrace Research has...

The price of XRP is responding positively to Ripple sealing agreements to several institutions who need varying services from the firm. The price of XRP has jumped considerably in the last 24 hours. XRP climbed 11% earlier on Monday, before falling to the current 10.13%, according to data from CoinMarketCap. XRP is now the fourth-largest cryptocurrency by market capitalization after replacing the BNB token. CoinGecko data also shows that XRP’s trading volume jumped from $1 billion on...

TL;DR Solana’s SOL token has seen a significant increase in value, rising over 70% in the last month to about $40, although it remains 85% below its all-time high of nearly $260 from November 2021. The price spike comes amidst broader crypto market momentum, with SOL’s previous peak coinciding with Bitcoin’s surge above $69,000 two years prior. Recent developments for Solana include surpassing Polygon in daily DEX trading volume, reaching over $240 million, and attracting $74...

With the US SEC edging closer to potentially approving a Bitcoin ETF, experts and industry leaders are offering their predictions on the potential impact of this milestone on the crypto market. In a recent interview on CNBC’s ‘The Exchange’, Tim Buckley, Chairman and CEO at Vanguard Group, the world’s second-largest asset manager, stated that the company has no plans to pursue a Bitcoin (BTC) spot Exchange Traded Fund (ETF). Vanguard to Focus on Core Values Buckley’s firm stance on this...

Stellar lumen price is rising toward the $0.15 resistance zone against the US Dollar. XLM price is now trading above $0.125 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1235 on the 4-hour chart (data feed via Kraken). The pair could extend its increase if it clears the $0.1300 and $0.1320 resistance levels. Stellar lumen price is trading above $0.1250 against the US Dollar, like Bitcoin. XLM price must...

XRP price is gaining pace above the $0.65 support against the US dollar. The price is now trading above $0.65 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.638 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could extend its increase above the $0.70 resistance zone. XRP price is rising above $0.65 against the US Dollar, like Bitcoin. The price must stay above $0.625 to...

Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. QuickNode’s latest on-chain report revealed a notable surge in stablecoin activity across blockchain networks. Stablecoins saw a 45% growth in active addresses and a 41% increase in transactions between the first and third quarters. Contrastingly, DeFi experienced...

TL;DR CryptoCon predicts Bitcoin could reach $47k by December 2023 or January 2024, based on the Fibonacci MVRV chart analysis, a tool that compares market capitalization to realized capitalization to identify potential overbought or oversold conditions. The analyst’s previous predictions have been accurate, such as the rise of Bitcoin from around $29k and projecting a pause at $36k; he now sees the bullish trend continuing into 2024, following patterns observed in 2020....

Technical Analysis By TradingRage Ethereum’s price has been rising rapidly following a rebound from the $1,550 support level. While it is yet to reach the key $2,000 level, specific clues on the chart suggest that it is only a matter of time before it does. The Daily Chart On the daily chart, both the 50-day and the 200-day moving averages, located around the $1,700 and $1,800 marks, respectively, have been broken to the upside. The market is currently piercing through the...