Fri, February 23, 2024

Crypto market

Ethereum, wormhole, crypto

Bitcoin Soars 110% YoY Amid $200M Liquidations

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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Coinbase publishes its tripled 1Q earnings data

Crypto Surge: $953M Q4 Revenue & ETFs Lead

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

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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Weekly Market Overview: Forex, Stocks, Crypto, Commodities

What Does Shorting Crypto Mean?

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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ethereum concept

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

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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Crypto Market Highlights – 2021

Bitcoin Dips as Fed Keeps Crypto Rates Steady

Key Points: Bitcoin fell 2.2% to $42,701 following the Federal Reserve’s decision to maintain current interest rates. The Federal Open Market Committee held the federal funds rate at 5.25-5.50%, indicating economic caution.  CoinShares’ James Butterfill notes Bitcoin’s increased response to interest rates is linked to traditional finance’s involvement in crypto via Bitcoin ETFs. Celsius exits …

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bitcoin

Bitcoin Surges Past $42,000: Crypto Market Analysis

Negentropic, the co-founder of Glassnode, recently shared insights on Twitter regarding Bitcoin’s ascent beyond the $42,200 mark. He highlighted the formation of a significant liquidity pool for long positions, signalling a “neutral impulse” in the market. This strategic positioning by Bitcoin indicates a deliberate plan to surpass the $42,000 liquidity threshold, potentially leading to increased …

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Ethereum Shifts Red Below $3.4K - What to Expect

Bitcoin Hovers $40,000; Ethereum Faces Dip to $2,000

The equity market is experiencing fluctuations, while the crypto market remains resilient. Bitcoin holds steady at $40,000, while Ethereum faces potential dips to $2,000. In a week of significant equity market movements, the crypto market stands strong. Bitcoin, the flagship cryptocurrency, remains stable at around $40,000, showcasing resilience. On the other hand, Ethereum, the second-largest …

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Crypto piggy bank

Crypto Signals: Impact of Switzerland Crypto Valley

Switzerland’s Crypto Valley has emerged as a pioneering hub for web3 and blockchain innovation in the ever-evolving landscape of cryptocurrencies. The latest report unveils remarkable growth in this ecosystem, offering insights into venture funding, sector composition, and overall trajectory. Additionally, the report sheds light on the role of crypto signals within this thriving landscape. Crypto …

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Is solana dead? SOL Price Prediction

Is Solana a Good Investment? Unveiling the Saga

Solana has recently made waves with its foray into the mobile phone market in the ever-evolving landscape of cryptocurrency investments. The surprising success of Saga, their initial crypto-ready smartphone, led to the development of a more affordable second device. As investors eye the crypto market, the question arises: Is Solana a good investment? Let’s delve …

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What is PulseX and how to buy PulseX - Get All Information

What is PulseX and how to buy PulseX – Get All Information

Have you ever thought about what PulseX is all about? What does it represent, and what’s all the fuss about it? First, PulseX, essentially a fork of the Uniswap platform, boasts a diverse feature that sets it apart.  It offers incentives to liquidity providers in the form of PLSX tokens. The primary goal of PulseX …

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13 Apps Removed -Trojan Crypto Wallet Scheme

Crypto Patterns: Navigating the Current Landscape

Investors and enthusiasts keenly observe the ever-shifting crypto patterns that dictate market movements in the dynamic realm of cryptocurrencies. The global crypto market cap currently stands at an impressive $1.68 trillion, reflecting a modest 0.50% increase in the last 24 hours. However, amidst this apparent stability, discerning patterns unveil intriguing insights into the behaviour of …

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The Shifting Landscape of Crypto Exchange in India

The recent crackdown on offshore crypto exchanges in India has significantly impacted the digital financial landscape. The Economic Times reports that the government’s action follows a prolonged period of offshore crypto platforms failing to comply with requests from the Financial Intelligence Unit (FIU) for clarification. Apple’s decision to remove these exchanges from its App Store …

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Best cryptocurrency exchanges for day trading

Best cryptocurrency exchanges for day trading

Crypto-day trading is a form of speculative investing where individuals buy and sell cryptocurrencies within the same trading day. The goal is to make a profit from short-term price movements. This strategy is notably different from traditional long-term investing, where assets are held for extended periods, often years. Let’s delve into the key aspects of …

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