Day: January 13, 2024

Analyst Sees Bull Flag That Will Trigger Rally Above $150

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Solana (SOL) could well be on course to continue its remarkable run from 2023, going by a recent analysis by crypto analyst Ali Martinez. The analyst laid out a certain condition that could see SOL rise to as high as $150 soon enough.  How Solana Could Rise To $150 Martinez noted in an X (formerly Twitter) post that Solana was breaking out from a bull flag that had developed on the 4-hour chart that he shared. According to him, the crypto token could rally towards the $150 to $165 price…

The Bitcoin Price Could Drop To $37,000 Before The Halving

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The price of Bitcoin has been on a massive bullish momentum since the approval and launch of Spot Bitcoin ETFs. However, a crypto analyst, Jason Pizzino, predicts a temporary halt in the growing trajectory, citing Bitcoin’s proximity to a crucial resistance point that could result in a significant price drop.  Analyst Foresees Bitcoin Price Correction In a recent YouTube video published on Friday, January 12, Pizzino shared his insights into the current market conditions of Bitcoin, the world’s largest cryptocurrency. According to the analyst, the price of the top crypto…

Gensler speculates on Ethereum post Bitcoin ETF approval

On the heels of the approval of spot Bitcoin ETFs, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is exercising caution on Ethereum. In an interview with CNBC, Gensler addressed the possibility of a spot Ethereum ETF gaining SEC approval in the future. While acknowledging the approval of Bitcoin ETFs, he emphasized that this was specific to Bitcoin as a non-security commodity token. He carefully refrained from providing further insights on an Ethereum ETF but hinted at a distinction between Bitcoin’s commodity status and the potential classification of other…

Bitcoin is bullish; Pullix, Cardano, and Solana positioned for gains

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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. In the last few days, Bitcoin has been on a rollercoaster ride. The coin recently dropped to $42,000 before surging to $47,000 a few days later. However, there are hints that a stronger bull market is coming. For the first time since 2016, Bitcoin is attempting to create a bull cross. Meanwhile, Cardano (ADA), Solana (SOL), and Pullix (PLX) are altcoins that can benefit from this bull signal.  Bitcoin…

Shark Tank’s Kevin O’Leary isn’t interested in Bitcoin ETFs

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Kevin O’Leary, renowned investor and star of the TV show “Shark Tank,” has doubts about Bitcoin (BTC) exchange-traded fund (ETF) investments. While spot Bitcoin ETFs are viewed as a milestone for the U.S. crypto industry, O’Leary sees little value in participating in the frenzy. In a recent statement on Fox Business, O’Leary emphasized his position as a long-term Bitcoin holder and expressed skepticism about investing in BTC ETFs. He argued against purchasing ETFs, stating that as a purist and just holding Bitcoin for the long term, he would never buy…

How To Stake TIA And Position For 5-Figure Airdrops

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Celestia is the star of the modular network in late 2023 after its airdrop and staking TIA has become a good way to receive airdrops. Celestia is a chain that a lot of people overlooked because, before the launch, there was not a lot of information about Celestia and the airdrop. However, in the fast-paced world of cryptocurrency, overlooked gems can often surprise the market, and Celestia Network is no exception.  Celestia (TIA) Airdrop And What People Missed Celestia network had stayed out of the limelight until it announced an airdrop…

Why spot ETFs may be a game changer for bitcoin

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The Securities and Exchange Commission’s approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing. Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF. “We really believe this is an important moment for us to help with the democratization of bitcoin access, giving more people access,” Wood told “ETF Edge” on Monday. The first-ever batch of spot ETFs began trading Thursday. Investor interest in bitcoin…

SEC’s Gary Gensler assures no further breach after X hack

U.S. Securities and Exchange (SEC) Chair Gary Gensler confirms there have been no additional breaches after an unauthorized party accessed the SEC’s X account. In a Jan. 12 statement, Gensler assured that there is no current evidence suggesting further breaches following the unauthorized access to the SEC’s X account on Jan. 9. The incident, which involved an unauthorized party gaining control over the SEC’s X handle, has raised significant concerns about the security of the agency’s digital infrastructure. However, Gensler, in his statement, emphasized that the breach was contained and…

Spot Bitcoin ETFs show strong performance after approval

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Two days after approval, spot Bitcoin exchange-traded funds (ETFs) are receiving an impressive amount of inflow, according to data from BitMEX Research. The analytics company reported a total net inflow of $532 million for spot Bitcoin ETFs, with BlackRock IBIT leading the pack at $498 million. Fidelity’s FBTC followed at $422 million, and 21 Shares’ ARKB posted a net inflow of $105 million. However, not all funds experienced gains. Grayscale’s GBTC saw a sizeable outflow of $579 million, including a $484 million outflow on the second day alone, as reported…

2.39 Trillion SHIB Make Their Way To Cold Storage

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Shiba Inu whales have been gobbling up the recent dip in Shiba Inu, with on-chain data showing some accumulating an enormous 2.39 trillion SHIB between them. SHIB’s price has been on a downtrend since the beginning of the month, falling as low as 20% from the yearly open to reach $0.000008735 on January 8th.  Although the crypto has since recovered 15% from this low and is now trading at $0.000009763, its price is still showing signs of decline and is currently down by 3.3% in the past 24 hours. Behind…