Day: December 20, 2023

BlackRock meets with SEC for 24th time to discuss Bitcoin ETF

Asset manager BlackRock met again with representatives of the U.S. Securities and Exchange Commission (SEC). Bloomberg analyst James Seyffart reported that BlackRock’s meeting on Dec. 19 is the 24th meeting that SEC representatives have held with companies that have applied to open a spot Bitcoin (BTC) exchange-traded fund (ETF). Before meeting with the SEC, BlackRock revised its application to include a new mechanism for redeeming shares into fiat money. In addition to BlackRock, the NASDAQ stock market representatives were present at the meeting. “The discussion concerned The NASDAQ Stock Market’s…

BNB Price Clears $250 and Could Rally 10% To Retest This Key Resistance

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BNB price gained momentum and climbed above the $250 resistance. It is showing positive signs and might rally toward the $272 resistance zone. BNB price is moving higher above the $250 resistance. The price is now trading above $250 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $252 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might continue to move up if there is a clear move above $258. BNB Price…

Coq Inu selling off as investors explore meme coin alternative to sustain PEPE and BONK hype

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Avalanche-based meme coin surges by over 115% in a day NuggetRush is a new meme coin that offers NFT staking, P2E blockchain gaming, and community-driven innovation. Bonk Inu is up by over 100% after listing on Coinbase. PepeCoin aims to capitalize on the success of other meme coins like Shiba Inu and Dogecoin. Coq Inu (COQ), a meme coin on the Avalanche blockchain, recently surged by over 115% in…

Ethereum Price Close Below $2,120 Could Spark Larger Degree Decline

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Ethereum price is struggling to climb again above $2,200 and $2,250. ETH could gain bearish momentum if there is a clear move below the $2,120 support. Ethereum is struggling to gain pace for a move above the $2,150 resistance zone. The price is trading below $2,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $2,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could climb further higher if it clears the $2,210 resistance zone. Ethereum Price Faces…

Solana may hit $100, this presale approaching $1.4m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market recently faced a downturn, affecting top cryptocurrencies, including Bitcoin (BTC) and the top 10 altcoins. However, Solana and Galaxy Fox (GFOX) are firm amid the pullback. Solana relatively firm According to CoinMarketCap’s annual charts, Solana is up by 498% this year.  As of the latest data, Solana is trading at $69, up 23% increase in the last month.  However, like other coins, SOL prices recently contracted. …

Bitcoin Price Rejects $43.5K, Why BTC Could Tumble In Short-Term

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Bitcoin price attempted a fresh upside break above the $43,500 resistance. BTC failed and corrected lower to test the $41,800 support zone. Bitcoin is correcting gains from the $43,500 resistance zone. The price is trading above $42,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $42,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a move below the $41,650 support. Bitcoin Price Drops Again Bitcoin price…

SEI Token Rocks Altcoin Market With 50% Surge: What’s Driving The Momentum?

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Turning the tide in the altcoin race, Sei Network’s SEI token has experienced an extraordinary 50% surge in the last 24 hours, outperforming the top 100 cryptocurrencies. This surge has pushed the token’s current trading price to $0.3638.  Attracting Global Attention?  According to CoinGecko data, Sei Network’s blockchain, explicitly built for trading, has optimized every layer of its stack to provide infrastructure for trading apps of all types.  Sei claims to outperform other Layer 1 blockchain, such as Solana and Aptos, by offering a native order-matching engine in Layer 1.…

Whales move over 514m Dogecoin amid push to $0.1

Dogecoin (DOGE) whales have moved over 514 million tokens today amid the memecoin’s recent resurgence, as it looks to reclaim the $0.1 price territory on the back of the latest market-wide recovery. Whale Alert, a prominent crypto whale-tracking resource, identified the recent transactions in separate disclosures. The first and larger transaction occurred today at 6:56 AM (UTC), involving 450 million DOGE worth $41.55 million at the time of the movement.  Both the sending and recipient wallets remain unidentified due to insufficient information at the reporting time. The recipient address recently…

XRP And XLM In Lockstep? Expert Sheds Light On Their Surprising Price Synchronization

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Recently, a notable observation has been the significant correlation between XRP and XLM’s price action. This phenomenon has caught the attention of industry experts and investors alike, leading to a deeper examination of the factors driving this trend. Ripple’s Chief Technology Officer (CTO), David Schwartz, has weighed in on this topic, addressing the liquidity aspects of XRP and XLM. However, despite the visible correlation, Schwartz argues that more liquidity is needed in the XRP/XLM market to cause a notable price correlation. This statement is based on data from CoinmarketCap, which…