Day: January 3, 2024

Crypto Analyst Predicts 100% Surge For Shiba Inu, But Thereโ€™s A Roadblock

boss

Through the rips and dips of the crypto market, the Shiba Inu price has been able to maintain a rather consistent bullish momentum, something that cannot be said for a lot of cryptocurrencies. Given this sustained bullish sentiment, the meme coin is primed to be one of the assets to see a massive rally as the market inches toward another bear market. In the short term alone, pseudonymous crypto analyst MMBTtrader is predicting that the price will mount a 2x rally. Shiba Inu Price Ready To Rise 100% In a…

Solana Users Face Mounting Threat As Drainer Attacks Surge, SOL Price Plummets 13%

boss

As the price of Solana (SOL) has skyrocketed by an astounding 722% year-to-date, the networkโ€™s rapid growth has attracted both attention and challenges.ย  Not only has the native token gained significant value, but the use of Solana-based meme coins such as Bonk Inu (BONK), which has grown over 854% year-to-date, and decentralized applications (dApps) have skyrocketed. Unfortunately, this increased popularity has led to increased attacks against the so-called โ€œEthereum Killer.โ€ Malicious Solana dApps Exploited Web3 security firm Blockaid has recently observed a concerning trend of users falling victim to attacks…

Memecoin market cap falls 12% during today’s liquidation

Memecoins took the hardest hit in todayโ€™s market selloff, losing almost double the market cap of the average market.ย  Earlier today reports from Matrixport regarding the SECโ€™s potential rejection of Bitcoin ETF applications triggered a significant liquidation across the market. Within four hours, the market lost over $540 million, with Bitcoin and Ethereum dipping nearly 10%. However, it appears that the meme coin market took the sharp end of liquidation, with all major meme tokens losing over 10% of their value today. Bonk, the newest and most trending meme coin,…

Fidelity files registration of securities for its Bitcoin ETF with the SEC

boss

Fidelity Investments has filed registration of securities with the SEC for its spot Bitcoin ETF.ย  With over $4.5 trillion in assets, the firm has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its Fidelity Wise Origin Bitcoin Fund. This filing indicates a move to make the fund a publicly traded security, a milestone for Fidelity and the broader acceptance of digital assets in traditional investment portfolios. Fidelityโ€™s Form 8-A filing | SEC The filing comes at a turbulent time, as the crypto market lost over…

Crypto Pundit Says Cardano Rivals XRP Community, But Why Is ADA Price Struggling?

boss

Cardano has consistently remained one of the largest cryptocurrencies in the industry with the price of its native ADA coin following the crypto market rally. However, it has not performed as well as other cryptocurrencies despite its marked popularity among investors. Given this, crypto pundit Ben Armstrong, popularly known as BitBoy, has shared his views on why the network is struggling. Cardano Struggles Through Misinformation One of the problems that the crypto analyst mentioned that Cardano has run into over the years is the fact that there has been misinformation.…

Nigerian central bank publishes rules for opening crypto accounts

Nigeriaโ€™s apex bank expanded on its decision to reverse a crypto ban on financial service providers, providing clear rules to oversee operations moving forward.ย  The Central Bank of Nigeria (CBN) announced stringent rules for banks as the watchdog pivoted away from a blanket crypto ban toward regulation for virtual asset service providers, citing a need to align with global trends underpinned by blockchain technology and digital assets.ย  According to the CBN, operators like crypto exchanges and digital asset brokers can only open naira-denominated bank accounts. Nigeriaโ€™s top bank also said…

Buy these crypto stocks in possible explosive year for bitcoin

boss

Investors should take a long position in crypto now or be sorry later, says Bernstein. The Wall Street firm published an extremely bullish 2024 crypto market outlook this week, predicting bitcoin will hit a new all-time high in the second half and could close the year at about $80,000, or roughly 88% above current levels. It also forecasts bitcoin will reach $150,000 in 2025. “We expect 2024 to be a break-out inflection year for crypto,” Gautam Chhugani, Bernstein’s lead crypto analyst, wrote in the note. “Not being long crypto โ€”…

Bitcoin Plunges Below Support As Price Crashes To $42,500

boss

Bitcoin appeared to have been securely floating above support just earlier, but today, the picture has changed as the price has suddenly crashed to $42,500. Bitcoin Has Crashed More Than 6% During Past 24 Hours Bitcoin had kicked off 2024 with some sharp bullish momentum as the market had been looking toward the potential ETF approvals with hopeful eyes. The asset had only been at the $45,000 level not seen since April 2022 for just a couple of days before the price suddenly crashed. The chart below shows how cryptocurrency…

Why Bitcoin Price (BTC) Flash Crashed to $40K? Here’s What Crypto Analysts Say

BTC dropped to a low of $40,800 from around $45,000 within hours during early Wednesday, CoinDesk Indices data shows, roughly around the time when Singapore-based digital asset firm Matrixport published a report penned by Markus Thielen forecasting the U.S. Securities and Exchange Commission to reject all spot bitcoin ETF applications, overturning its Tuesday outlook projecting an imminent approval and a BTC rally to $50,000. Source

SEC holds urgent meetings with Nasdaq and NYSE to discuss Bitcoin ETFs

boss

The SEC is holding meetings today with major exchanges, including the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange (CBOE), regarding spot Bitcoin ETFs.ย  The information was revealed by a Fox Business journalist earlier today, bringing some sense of relief for the wider crypto community after crypto services firm Matrixport reported that the SEC would likely reject all ETF applications in January. This report triggered a major liquidation in todayโ€™s market, as the crypto market lost more than $540 million in just four hours.ย  ๐ŸšจSCOOP: The @SECGov…