Tag Archives: Crypto Bits

TL;DR MATIC’s Price Surge: Polygon’s native token, MATIC, has seen an 80% increase in value over the past month and is among the few assets to gain in the last 24 hours, currently trading at around $0.94. Market Sentiment and Institutional Interest: The rally in MATIC’s price is partly attributed to the overall bullish sentiment in the crypto market and growing interest from institutional investors and whales. Significant Accumulation by Key Wallets: Key wallets holding...

TL;DR Stay Vigilant for This Ripple (XRP) Fraud Numerous X (Twitter) users have recently rung the alarm bell regarding a scam that targets XRP holders, with one of them being the blockchain analyst Crypto Eri. They posted a video on the social media depicting how Ripple’s CEO – Brad Garlinghouse – urges people to send between 1,000 and 5,000 XRP to a mysterious address and later receive double the amount they have transferred. However, the video seems to be created by...

TL;DR SOL’s Growth: Solana’s SOL surpassed $60 recently, igniting investor enthusiasm for further increases. Predictions for SOL: Analyst Jacob Canfield forecasts SOL could outperform Ethereum, potentially reaching a $1,000 price point, bolstered by significant partnerships. Current Market Status: Despite its growth, SOL is still below its 2021 peak, but shows bullish signs with high trading volumes and notable institutional investment. Could SOL Experience an Astronomical...

Moreover, the total crypto market cap is now worth more than all the silver in the world. After a 4.7% rally for the five days ending Sunday, Bitcoin price is humming right along at the $37,100 level. The world’s original cryptocurrency is trading 38% higher than six months ago. But it’s up even more YTD, with an astounding 123% gain over an average exchange price of $16,600 on January 1. With the Bitcoin market cap in excess of $725 billion, the leading cryptocurrency is now...

TL;DR Price Correlation Evidence: Recent data shows a high correlation coefficient (0.84) between Bitcoin and Ripple prices, suggesting a closer relationship than previously thought, especially compared to the negative correlation between Bitcoin and stock prices. Trading Volumes Indicate Overlap: High daily trading volumes for the XRP-BTC pair on major exchanges like Bitstamp and Binance demonstrate significant overlapping interest among investors in both cryptocurrencies....

TL;DR BlackRock’s Cryptocurrency ETFs: Filed for a Bitcoin ETF and showed interest in an Ethereum ETF in 2023, impacting market prices, especially for Ethereum. Market Response: Significant price surge in cryptocurrencies due to BlackRock’s strong track record in ETF application approvals. XRP ETF Speculation: No current filing for an XRP ETF by BlackRock, with the decision possibly influenced by Ripple’s ongoing legal issues with the SEC. BlackRock is the world’s largest...

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...

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...

TL;DR Ripple’s XRP has seen a recent price increase, leading to a positive shift in investor sentiment, with over $355 million in futures and 91% of traders taking long positions on Bitrue. Analysts provide varied forecasts, with predictions of a continued uptrend with potential to reach $1.05 if it maintains above the $0.66 level, while others speculate a surge to $14 in the near term. Outlier predictions include a highly skeptical claim of XRP reaching $500 in the coming...

Coinbase, America’s largest cryptocurrency exchange, announced its plans to end support for Bitcoin SV (BSV) on its platform. This decision comes more than two years after the exchange initially delisted BSV from trading. Coinbase Sets Deadline for BSV Withdrawals According to the announcement, Coinbase will cease to support the BSV asset as of early next year, and users are urged to take action before January 9, 2024, to safeguard their holdings. The notice stated, “Users...