Tag Archives: Crypto Bits

TL;DR Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%. Binance’s market share briefly dropped to nearly 40% following these regulatory issues, but the exchange continues to dominate among 23 other marketplaces. Binance recently decided to delist four cryptocurrencies, including...

TL;DR Bitcoin (BTC) has risen above $38,000 as BTC’s supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX’s collapse and Binance’s legal troubles. The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin’s significant rally of 130% since the year’s start. Analyst PlanB forecasts Bitcoin reaching $65,000 after the 2024 halving and soaring to $524,000 by 2027, anticipating a more...

TL;DR Bitcoin consolidates at $37k, with a downturn in altcoins except for LUNA-related tokens. Crypto analyst MoustacheTA spots a Golden Cross on the monthly Altcoin market chart, signaling a potential uptrend. The Golden Cross, a bullish pattern where the short-term moving average surpasses the long-term average, historically aligns with altcoin rallies, as seen in 2016 and 2020. The onset of altcoin season often follows a decrease in Bitcoin dominance. With most altcoins...

TL;DR Ethereum (ETH) is showing strong performance, currently trading around $2,000, with predictions of reaching its all-time high of over $4,800. Analyst FieryTrading forecasts ETH to reach nearly $5,000 by early 2025, citing a long-term bullish pattern. The same analyst predicts a significant rise for Cardano’s ADA, expecting it to exceed $35 by 2025 based on bullish market patterns. ‘Big Gains for ETH’ on the Horizon? Ethereum’s native cryptocurrency – Ether (ETH) – is...

TL;DR Binance is seemingly adopting a new strategy by listing certain assets for futures but not spot trading. The exchange recently settled a $4.3 billion fine with the US DOJ and underwent a leadership change, with Richard Teng replacing CEO Changpeng Zhao. Binance’s recent delisting of several cryptocurrencies, including BitShares and Tornado Cash, due to low activity and volume, has led to substantial price declines for these assets. Binance is Expected to Continue...

TL;DR XRP Leads on Uphold: Ripple’s XRP has become the most traded digital asset on Uphold, surpassing major cryptocurrencies like Bitcoin and Ether, with significant user engagement. Dominance in U.S. Markets: Earlier, XRP emerged as the most traded altcoin on US-based cryptocurrency exchanges, indicating its growing popularity. Ripple-Uphold Partnership: The partnership between Ripple and Uphold has led to promotional activities like increased XRP airdrops and giveaways....

TL;DR  Massive Increase in SHIB Burn Rate: Shiba Inu’s token burn rate has surged by approximately 20,000% in the last 24 hours, leading to the removal of over 260 million tokens, a record high in two months. Burning Program for Value: Around 41% of Shiba Inu’s original 999 trillion total supply has been burned, aiming to enhance the coin’s scarcity and value. Shibarium’s Influence: The advancement of Shiba Inu’s layer-2 blockchain solution, Shibarium, is seen as a potential...

TL;DR Coinbase Adds New Perpetual Futures: Coinbase is introducing perpetual future contracts for Cardano, Dogecoin, Chainlink, and Stellar, allowing users to speculate on their future values. Minimal Market Impact: The announcement has not significantly affected the market, with some of the included cryptocurrencies showing slight declines. Ongoing Delisting of Trading Pairs: Coinbase has recently delisted 80 trading pairs to improve market liquidity and health, while...

TL;DR XRP Price Surge Predictions: Analysts foresee a significant rise in Ripple’s XRP, with targets of $6-$7 in the near term and up to $27 by mid-2025, an almost 4,500% increase. Short-Term Forecasts: Short-term expectations for XRP include reaching around $1.30 in 2024 and a spike to $0.70 by the end of this year, bolstered by its regulatory clarity. Growth Drivers: The next bull cycle is expected to be beneficial for XRP, influenced by Ripple’s successes against the SEC,...

After a meteoric rise from $26,750 on Oct. 12 to close the month at $34,667 on Oct. 31, Bitcoin price (BTC) is still rising in November. BTC pumped from the $36,500 handle to multi-day support at $37,400 the day Grayscale Investments met with the SEC over its Bitcoin ETF application. But its gains have seen more volatility this month, whipsawing on a course for $38,000 as Bitcoin ETF bulls hold their breath. That could be a sign that bears are gaining confidence. Meanwhile,...