Day: December 21, 2023

Bitcoin firm above $40K, Michael Saylor says bull run imminent

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Bitcoin price is pushing ahead, up 2.22% in the last day. Currently, it is trading at $43.7K, with Bitcoin Key Opinion Leader and MicroStrategy co-founder Michael Saylor predicting that the next bull run is near. Meanwhile, a new crypto mining project, Bitcoin Minetrix, is also gathering pace. Its presale has raised over $5.6 million. Spot Bitcoin ETFs and halving will kickstart 2024 bull run In a recent conversation…

Analyst Says Polygon (MATIC) On Brink Of Major Move, Here’s Why

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A cryptocurrency analyst has explained that Polygon could be on the brink of a major move due to a pattern in an on-chain indicator. Polygon Whale Transactions Have Shot Up Recently In a new post on X, analyst Ali has pointed out how the whales have shown a notable surge in activity on the MATIC network recently. The relevant indicator here is the “whale transaction count,” which keeps track of the total number of Polygon transfers happening on the blockchain that exceed a value of $100,000. When the value of…

what happened this year in the market

Emphasizing progress and challenges, the crypto review 2023 details crypto’s successes, failures, and notable legal and regulatory hurdles. The crypto market review 2023 reflects a transformative phase for crypto, with Bitcoin (BTC) experiencing over a 100% increase year-to-date (YTD) amid global economic challenges. This year, the number of crypto users swelled to around 575 million. Innovations weren’t scarce either, particularly in domains like stablecoins and blockchain-based social media.  While traditional stablecoins like USDT and USDC continued to dominate, platforms like friend.tech led the surge in socialfi, marking a new chapter…

Solana can be in top 5 in 2024, will this project lead meme coins?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitwise has officially started its media campaign for the Bitcoin (BTC) Spot ETF, generating significant excitement as retail and institutional investors prepare to pour into the markets. This impending surge could lead to a repricing across the entire asset class. Solana (SOL) is one asset being considered, with some predicting the coin to be among the top 5 in 2024.  Meanwhile, investors are also looking at Galaxy Fox (GFOX),…

Prometheum Earns Final U.S. Regulatory Nod to Try Hand at Fully-Compliant Crypto

Prometheum has previously acknowledged that, when it got its approval as one of about 70 SEC-regulated alternative trading systems (ATSs), it disclosed examples of the securities it would support – a couple of which have also been marked as such by the agency. It told the regulator it could offer Flow (FLOW), Protocol Labs’ Filecoin (FIL), The Graph (GRT), Compound (COMP) and the Celo platform’s CELO, for instance. Source

2023 Sets The Stage For A Monumental 2024

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The crypto industry went through a period of evolution in 2023 to reiterate its position in the global market. This evolution was particularly spearheaded by Bitcoin’s dominance, with the crypto registering gains in the last quarter that were practically absent in the earlier parts of the year.  All the signs are there; interest is picking up, big money from institutions is sniffing around again, several important technical and on-chain pricing models this year have been confirmed, and the dust seems to have finally settled from the prolonged bear market in…

Ark Invest Continues to Trim Holdings in Coinbase (COIN) and GBTC

Amidst the sell-off, Ark Invest has strategically acquired 158,334 shares ($12.1 million) in Jack Dorsey’s Block Inc for its Next Generation Internet ETF.  Ark Invest, a renowned asset management firm led by Cathie Wood, has been making strategic adjustments to its portfolio, most notably in its dealings with Coinbase Global Inc (NASDAQ: COIN) and Grayscale Bitcoin Trust (GBTC). According to the company’s recent trade filing, Ark Invest sold additional tranches of Coinbase shares, offloading a total of 149,780 COIN ($24.2 million) from two of its funds as the stock reached…