Tag Archives: featured1

Bitcoin (BTC) and the broader crypto market could have a positive year in 2024 due to the effects of several on-chain metrics. According to a weekly report from market analytics platform CryptoQuant, metrics that could influence bitcoin’s positive trajectory next year include the upcoming halving, growing stablecoin liquidity, the widely anticipated spot Bitcoin exchange-traded fund (ETF) approval, and macroeconomic conditions. Bitcoin Could Have a Positive 2024 CryptoQuant...

Bitcoin (BTC) retraced 5% over the second week in December to $42,236 on Saturday, Dec. 16, from a 19-month high of $44,700 on Dec. 9. The decline in average crypto exchange spot prices for Bitcoin followed an astonishing 62% rally over two months from $27,162 on Oct. 16 to that key resistance around the $44,000 level. U.S. banking giant J. P. Morgan warned that BTC was overbought in mid-November after Bitcoin price surpassed the $36,000 level. Blockchain analytics firm...

The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve applications from several asset management firms for Ethereum exchange-traded funds (ETFs) till May 2024. According to several filings, the securities regulator has issued delay orders for Ethereum ETF applications from Ark Invest/21Shares, VanEck, and Hashdex. SEC Extends Deadline For 3 ETH ETFs Ark Invest/21Shares, VanEck, and Hashdex filed to launch Ethereum ETFs in...

Bitcoin’s price has lost some momentum over the past 24 hours and has retraced back down to around $42,000. Most altcoins are also in the red, with SOL and ADA dumping by over 5%. ICP, though, has exploded by a massive 40% surge. BTC Down to $42K It was precisely a week ago when BTC’s late 2023 run culminated in a price surge to $44,700. This became the asset’s highest price tag in over a year and a half. However, the landscape started to worsen at that point. Monday was...

It was another eventful week in the cryptocurrency space, with BTC soaring to a new 19-month peak six days ago before facing retracements and rollercoaster propelled by industry vulnerabilities. It all started just after CryptoPotato’s previous Market Update on Friday. Just hours later, the primary cryptocurrency initiated an impressive leg up that resulted in breaking above $44,000 and hitting $44,700 for the first time in over a year and a half. That was a noteworthy...

The Bitcoin halving is arguably the most important event in the cryptocurrency industry, taking place every roughly four years (210,000 blocks). It aims to reduce the speed at which new BTC is being produced, which essentially reduces the pre-programmed inflation rates and ensures that Bitcoin mining will continue for many more years, even though more than 90% of the total supply has already been mined. The next such event is scheduled to take place in early April 2024. Given...

Bitcoin resumed its bull run in the past 24 hours and neared $45,000 for the first time since May 2022 but failed to overcome that level. Nevertheless, numerous altcoins have outperformed BTC, with ADA, DOT, and AVAX standing out as the most prominent examples. BTC Came Close to $45K Last Saturday, precisely a week ago, BTC became its most recent run resulting in nearing $40,000. After failing to overcome that level at first and trading below it on Sunday, Monday started with...

The past week was particularly explosive in the crypto markets, the capitalization of which increased by close to $200 billion. Currently standing at $1.7 trillion, the industry shows little signs of slowing down. Starting with Bitcoin, its price exploded by some 14.3% over the past seven days and it’s currently trading around the $44K mark. The bulls have tried to push it above that level but have so far been unsuccessful. It’s worth noting, however, that the bears also...

For its more speculative enthusiasts, Bitcoin is delivering an early Christmas by racing beyond the $40,000 threshold and showing strong upward momentum. The rally has helped the market to distance itself from the challenges of the crypto winter in 2022. Yet, it’s essential to note that Bitcoin began the year with a precarious start, initially trading at a modest level of $16,500. Experts now believe the premier crypto asset is sitting at a crucial level, which might serve as...

Bitcoin’s price initiated another leg up in the late hours of Saturday and jumped to its highest level in over a year and a half at almost $40,000. Ethereum and Chainlink are among the best-performing larger-cap alts on a daily scale, with ETH standing above $2,150 and LINK trading north of $16. BTC Neared $40K It was less than a week ago – on Monday and Tuesday – when the primary cryptocurrency’s price performance was quite sluggish and underwhelming. The asset had dipped...