Cryptocurrencies Archives

Bitcoin Soars to $57K: Strategic Buys & ETF Optimism Fuel Rally

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look Bitcoin reached a two-year peak of $57,036, signalling a robust 10% rally. MicroStrategy’s strategic acquisition of 3,000 bitcoins preceded the surge. Ethereum also showcased strength, hitting a peak at $3,275. U.S. Bitcoin ETF approvals have invigorated market optimism. Analysts forecast Bitcoin could soar to between $120,000 and $200,000 by late 2025. In an …

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Bitcoin’s $48K Drop Alert & Ethereum’s 36% Surge

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look Short-term forecast suggests Bitcoin’s price could drop to $48,000 – $50,000. The long-term outlook remains positive, driven by steady CPI figures and the potential for federal funds rate drops. Ethereum shows a significant rally, with a 36% increase in February. Market influences include changes in BTC-Spot ETF market flows, and Federal Reserve rate …

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Kraken vs. SEC: The November Lawsuit Showdown

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look The SEC sued Kraken in November for operating without proper registration as a broker, exchange, and clearinghouse. Kraken contends that cryptocurrencies are commodities, not securities, challenging the SEC’s jurisdiction. The firm denies co-mingling funds and argues the lawsuit lacks claims of fraud or consumer harm. Kraken’s legal defence highlights the absence of a …

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Bitcoin Soars 110% YoY Amid $200M Liquidations

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look Bitcoin’s price dipped to a low of $50,700, with Ether falling just under $2,890 before both currencies made a recovery. Over $200 million in crypto futures liquidations occurred, with a significant Nvidia earnings beat sparking renewed interest in AI tokens. AI tokens’ market cap soared past $15 billion, led by OpenAI’s Sora product …

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Ethereum Dominates While Competitors Grow Rapidly

Cryptocurrency News: Bitcoin at $52K and $26M Hack

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look Bitcoin surged early in the month, crossing the $50,000 mark, but has since shown signs of stalling at $52,000. BlackRock is on the way to overtake Microstrategy Inc. The largest holder of bitcoin, driven by high activity in spot bitcoin ETFs. New research deems attacks on Bitcoin and Ethereum consensus mechanisms economically unfeasible, …

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Bitcoin Price Falls Below $42k- Analysts Predictions

Bitcoin Eyes $78K After Tripling in 2023

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look Bitcoin’s price has tripled since the start of 2023, eyeing a record high with four consecutive weeks of gains. Historical patterns suggest a potential rise to $78,000 following a four-week winning streak. Elliott Wave Analysis predicts a temporary retreat to $40,000 before a surge. Derivatives and options markets show optimism, albeit cautious, about …

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Bitcoin Eyes $53K: Peaks, $22.5B Interest, & Halving

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look Bitcoin’s peak last week reached $52,858, eyeing resistance at the $53,000 mark. A significant $22.5 billion in open interest marks a new 3-year peak as of February 18. Derivatives and ETF trends suggest a bullish outlook despite potential bearish reversals. Historical patterns and the forthcoming Bitcoin halving hint at a potential surge beyond …

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Coinbase publishes its tripled 1Q earnings data

Crypto Surge: $953M Q4 Revenue & ETFs Lead

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look U.S. banking groups lobby the SEC for updated rules to allow banks to custody Bitcoin ETFs. Bitcoin ETFs drive 75% of new investments in the crypto sector, with significant acquisitions by U.S. funds. BlackRock and Fidelity’s Bitcoin trusts dominate, with over 184,000 BTC held. KSI faces allegations related to pump-and-dump schemes in the …

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Treasury Hits 1.43B ADA Cardano: A 66.7% Revenue Boost

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look ADA Cardano’s revenue skyrocketed by 66.7% quarter-over-quarter (QoQ), with its Treasury ballooning to 1.43 billion ADA. The average daily transactions on the network saw a notable increase of 10.9% QoQ. Despite a minor decline in active staking by 0.5% QoQ, the total value locked (TVL) in USD. A massive surge of 166% QoQ …

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Bitcoin Soars to $50K: Options & ETFs Drive Rally

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look Traders display bullish sentiment through call options for Bitcoin at $65,000, $70,000, and $75,000. Bitcoin’s price leaps to $50,000, nearly doubling since early October due to strong ETF inflows. The 14-day RSI signals overbought conditions as it surpasses 70. Key levels: Support near $49,000, resistance around $52,000, and all-time highs at $69,000. In …

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Top Cryptos to Check this week: BTC/USDT ETC, NEAR, XMR, FTT

Bitcoin Hits $46K, Eyes $48K: A 15% Surge

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Quick Look Bitcoin crossed the $46,000 mark, with predictions pointing towards $48,000. In the past two weeks, Bitcoin has seen a nearly 15% increase, reaching its highest level since January 12. ETFs have shown strong demand for Bitcoin, absorbing over a billion dollars. On-chain analysis reveals a decrease in Bitcoin movements from miner wallets, indicating …

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Bitcoin’s 87% YOY Surge &$844B Cap: A Financial Revolution

Leave a Comment / Cryptocurrencies / By Chloe Wilson

At A Glance Bitcoin has risen by 0.72%, currently priced at $43,051.76. It records an 87.01% increase year-over-year, showcasing significant growth. Global market capitalization has reached $844.48 billion, with a finite supply of 21 million BTC. Historic prices highlight its journey from $0.00099 in 2009 to an all-time high of $68,997.76 in 2021. In 2023, …

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Ethereum’s 2024 Resilience: 4.2% Gains Amid Crypto Slump

Leave a Comment / Cryptocurrencies / By Chloe Wilson

In a notable deviation from broader market trends, Ethereum (ETH) has achieved a 4.2% increase in value over the first six days of February 2024, contrasting sharply with Bitcoin (BTC) and the general cryptocurrency market, which saw a collective decrease of $37 billion in market capitalization. Ethereum’s Notable Market Performance As of February 6, 2024, …

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The ‘Year of the Dragon’ Brings Serenity to Bitcoin

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Key Points: Bitcoin (BTC) remained stable at around $42,000 despite the upcoming Lunar New Year. Analysts observed significant gains in Bitcoin (94%) and Ethereum (47%) despite earlier predictions. Regulatory scrutiny increased in the US, with surveys on crypto miner energy consumption and proposed AML and CFT regulations. Attention is focused on the BTC-spot ETF market, …

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Ethereum Bulls Target $2,350 Amid Range-Bound Trading

Leave a Comment / Cryptocurrencies / By Chloe Wilson

Exploring Ethereum’s Recent Price Movements Ethereum, the second-largest cryptocurrency by market capitalization, is currently in a phase of price consolidation at a critical juncture. Traders and investors are keenly observing whether this period signifies the start of a bullish rally or a necessary technical correction. Ethereum’s Gradual Ascent From the $2,240 support zone, Ethereum has …

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Cryptocurrencies

Bitcoin Soars to $57K: Strategic Buys & ETF Optimism Fuel Rally

Bitcoin’s $48K Drop Alert & Ethereum’s 36% Surge

Kraken vs. SEC: The November Lawsuit Showdown

Bitcoin Soars 110% YoY Amid $200M Liquidations

Cryptocurrency News: Bitcoin at $52K and $26M Hack

Bitcoin Eyes $78K After Tripling in 2023

Bitcoin Eyes $53K: Peaks, $22.5B Interest, & Halving

Crypto Surge: $953M Q4 Revenue & ETFs Lead

Treasury Hits 1.43B ADA Cardano: A 66.7% Revenue Boost

Bitcoin Soars to $50K: Options & ETFs Drive Rally

Bitcoin Hits $46K, Eyes $48K: A 15% Surge

Bitcoin’s 87% YOY Surge &$844B Cap: A Financial Revolution

Ethereum’s 2024 Resilience: 4.2% Gains Amid Crypto Slump

The ‘Year of the Dragon’ Brings Serenity to Bitcoin

Ethereum Bulls Target $2,350 Amid Range-Bound Trading

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