Quick Look Bitcoin (BTC-USD) surges past $57,000, marking its highest in over two years. Bitcoin has seen a nearly 30% increase year-to-date, ahead of the April halving event. Crypto market cap exceeds $2 trillion, surpassing the valuation of tech giants Amazon and Alphabet. MicroStrategy and Coinbase stocks see significant gains amidst the crypto rally. Bitcoin …
Feb 2024: Bitcoin Hits $57K, Market Cap Tops $2T Read More »
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 …
Bitcoin Soars to $57K: Strategic Buys & ETF Optimism Fuel Rally Read More »
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 …
Bitcoin’s $48K Drop Alert & Ethereum’s 36% Surge Read More »
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 …
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 …
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, …
Cryptocurrency News: Bitcoin at $52K and $26M Hack Read More »
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 …
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 …
Bitcoin Eyes $53K: Peaks, $22.5B Interest, & Halving Read More »
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 …
Key Economic Updates Across the Global Markets The USD Index (DXY) ended Wednesday in the red, reversing Tuesday’s gains. UK GDP shrank by 0.2% annually in Q4, missing the expected 0.1% growth. Australian unemployment increased to 4.1% in January, with minimal job growth. Japan’s economy contracted by 0.1% in Q4, indicating a slowdown. US inflation …
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 …
Treasury Hits 1.43B ADA Cardano: A 66.7% Revenue Boost Read More »
Quick Look Bitcoin slightly declined by 0.27%, closing at $49,710 after a previous rally. U.S. annual inflation rate decreased to 3.1%, with core inflation remaining at 3.9%. Bitcoin-related ETFs saw varied net flows, with iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund witnessing significant inflows. Ethereum shows bullish signs, trading above key EMAs with …
Bitcoin Dips 0.27%, ETFs Surge with $600M Inflows Read More »
The Forex market is the largest financial market in the world. People from all over the world are interested in the Forex market. However, they are also interested in cryptocurrencies. Unsurprisingly, they want to gather more information about forex brokers that accept Bitcoin. The intersection of forex brokers and cryptocurrencies represents a significant evolution in …
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 …
Bitcoin Soars to $50K: Options & ETFs Drive Rally Read More »
Cryptocurrencies have become an integral part of the modern world. Unsurprisingly, there are plenty of questions regarding various crypto-related topics. For example, ‘What does shorting crypto mean?’ Shorting cryptocurrency, often referred to as ‘short selling’ is a trading strategy that allows investors to profit from the decline in a cryptocurrency’s price. This technique is commonly …
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