Day: January 3, 2024

Registered Funds Want Exposure To BTC

boss

An interesting trend looks to be developing among institutional players as their interest in the flagship cryptocurrency, Bitcoin, continues to rise. This interest has in no small way been thanks to the frenzy around the Spot Bitcoin ETFs, which could be approved sooner than later. Other ETFs Considering Bitcoin As An Investment Option   Crypto commentator and music producer Marty Party recently drew the crypto community’s attention to an emerging trend among fund managers and their ETFs. He noted how these asset managers are amending the prospectus of funds they manage…

BTC’s 20-month high: exploring Bitcoin’s potential rally

boss

Bitcoin starts 2024 by surpassing the $45,000 mark, setting a new 20-month high. What’s next? At the onset of 2024, Bitcoin (BTC) has made a leap, surpassing the $45,000 mark and setting a new 20-month high. As of this writing, BTC is trading at $45,465. In 2023, Bitcoin experienced an increase of 156%, indicating its strongest yearly performance since 2021. This surge was primarily driven by the anticipation of the approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. Secondly, the expectation of major central banks cutting interest rates…

XRP Price And Ripple’s Buybacks: Researcher Decodes The Link

boss

Ever since, the relationship between Ripple’s XRP buybacks and its impact on price has been a subject of intense discussion. Crypto Mark, an active community member on X, raised a pertinent question regarding Ripple’s strategy of purchasing more of the cryptocurrency. “Shouldn’t Ripple be trying to distribute XRP and not buying more though? Would like to see them own less XRP, not more,” Crypto Mark posted. The Influence Of XRP Buybacks By Ripple On The Price This inquiry was addressed by Mr. Huber, a renowned member of the community, who…

Chainlink Bullish Chart Pattern Hints At $34 Target

boss

As the calendar turned to 2024, numerous cryptocurrencies experienced a positive start, and among them, Chainlink (LINK) stood out. The notable highlight was the emergence of a bullish pattern on Chainlink’s price chart, indicating a heightened likelihood of an impending bull rally. This positive momentum in the early days of the year hinted at favorable market conditions for Chainlink and garnered attention from investors and analysts alike. The formation of this bullish pattern added an optimistic outlook to the prospects of Chainlink, creating anticipation for potential upward price movements in…

XRP Price Could Rally If It Clears This Hurdle

boss

XRP price is consolidating above the $0.600 support. The price could start a fresh rally if there is a daily close above the $0.650 resistance. XRP is attempting a fresh increase from the $0.600 support level. The price is now trading above $0.620 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $0.6380 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.638 and $0.650 resistance levels. XRP…

Is Internet Computer (ICP) the Next Big Thing? 60% Jump Raises Eyebrows

boss

In the past day, the value of Internet Computer (ICP) has increased by 20% to $15.76. ICP has grown significantly over the last week, showing an astounding increase of more than 60% from its starting value of $8.98 to its current rate. According to data from Coingecko, its current price is a noteworthy increase, highlighting the coin’s dynamic performance in the context of recent market movements. It’s important to remember that although the price has increased significantly, the all-time high for Internet Computer is still $700.65. This indicates a significant…

Technical Signals Potential Surge To $2,600

boss

Ethereum price retested the $2,440 resistance zone. ETH is consolidating gains and might soon attempt a fresh increase toward the $2,600 level. Ethereum gained strength for a move above the $2,350 level. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above $2,430 and $2,440. Ethereum Price Remains Supported Ethereum price started a…