Markets

Bitcoin’s price managed to climb above the coveted $35,000 level, which seems to be the major target for the bulls throughout the past few days. Meanwhile, some of the altcoins are popping and charting massive gains. Bitcoin Reclaims $35K Bitcoin’s price is pushing above $35,000 in an attempt to reclaim this level once again. At the time of this writing, the cryptocurrency is trading at around $35,100, charting an increase of around 0.8% throughout the past 24 hours. Source:...

After a prolonged period of uncertainty in the cryptocurrency market, it appears Crypto Winter is finally coming to an end. Recent developments in the crypto world, especially with the impressive performance of cryptocurrencies like Cardano, Bitcoin Spark, and Fantom, have reignited optimism among investors and enthusiasts. These surges in value suggest a potential thaw in the crypto space, bringing renewed interest and opportunities for those involved in the digital currency...

The market is getting ready for yet another month of token unlocks. Data suggest that there were substantial unlocks exceeding $10 million in November, featuring tokens such as SUI, IMX, HFT, APT, APE, AVAX, OP, and others. Nearly $400 million worth of assets will enter circulation following the unlock events. Token Unlock: November Edition According to the TokenUnlocks website, SUI is the first token to be unlocked this month on November 3rd. These newly unlocked tokens –...

Bitcoin is a store of value currency and inflation hedge likable to “exponential gold,” wrote Jurrien Timmer, Head of Global Macro at Fidelity, in a post to X on Wednesday. The analyst argued that both Bitcoin and gold boast distinct but attractive risk/reward ratios right now and that both may be players on the “same team” regarding their investment theses. Gold Versus Bitcoin: A Historic Look As outlined by Timmer, Bitcoin began is rallying again this year in line with “the...

TL;DR XRP surpassed $0.62, its highest since August, and remains bullish despite a slight drop to around $0.60, with positive market sentiment. Analyst Dark Defender predicts a potential rally to $0.66 by week’s end, with an optimistic long-term forecast of reaching $18.22 if it surpasses the $1.88 Fibonacci level. A more conservative prediction from analyst CrediBull sees XRP potentially rising to $0.90 by the summer of 2024, provided it maintains above the $0.40-$0.50...

Friend.tech has been a major catalyst behind Coinbase’s layer 2 network – Base’s – initial explosion. The decentralized social network, however, experienced a significant decline since September with several metrics hovering near all-time lows. According to the latest data compiled by Dune Analytics, the number of new users on Friend.tech was recorded to be 682 as of November 2nd as compared to its peak of over 70,037 on October 15th. Friend.tech created a buzz with its beta...

TL;DR ADA, Cardano’s token, has seen a 10% weekly increase, with a 23% rise in address activity and a 32% increase in whale transactions, indicating heightened interest and activity. Price projections for ADA vary, with one analyst suggesting a 40% rise due to transaction volume growth, while another is more optimistic, predicting a surge to almost $10 by the end of 2024. The most ambitious prediction comes from a user who believes ADA could reach $30, buoyed by Cardano’s...

Coinbase exceeded its revenue projections by reporting $674 million in Q3, surpassing analysts’ earlier estimates. The figure surged by 14.2% year-on-year but was down by 4.8% quarter-on-quarter. During the same period, the San Francisco-based crypto giant generated $288.6 million in transaction revenue and $334.4 million in services and subscription revenue. The net loss, on the other hand, stood at $2 million. Coinbase’s Q3 Earnings Report According to the earnings...

This week has seen a whirlwind of events. Bitcoin’s price seems like the only stable thing in the industry right now, however hilarious that may be. That said, the cryptocurrency is still up throughout the past seven days, but not as much as last week. SBF was found guilty, Solana (SOL) is exploding, and whatnot. A lot happened this week, so let’s dive in. Starting with BTC’s price, the cryptocurrency is trading at slightly below $35K at the time of this writing, marking an...

The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed. A Valkyrie Investments exec has hinted at a strong possibility for a spot Bitcoin ETF approval this month. According to Chief Investment Officer (CIO) Steven McClurg, the United States Securities and Exchange Commission (SEC) will likely confirm an ETF approval by the end of the month. McClurg is hopeful because applicants have adequately addressed issues...