Day: January 16, 2024

Buy dip in these bitcoin mining stocks over next two months

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Bitcoin miners have tumbled since last Thursday, following the launch of spot bitcoin exchange-traded funds . However, for some mining stocks, any weakness in the coming weeks is an opportunity, according to Bernstein. The declines are in part due to the pullback in the bitcoin price, which is down roughly 6% in the same period. In a Monday note to investors, Bernstein also pointed to lower investor appetite for mining stocks as a bitcoin proxy now that ETFs have entered the market. However, Gautam Chhugani, lead crypto analyst at Bernstein,…

Ethereum Trouncing Bitcoin, ETH/BTC Ratio Bouncing Higher: Will This Trend Continue?

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Amidst a volatile crypto market, Ethereum (ETH) is gaining momentum, outperforming its long-time rival Bitcoin (BTC). According to Kaiko data, the ETH/BTC ratio has steadily risen, rebounding from multi-year lows.  ETHBTC ratio trend | Source: Kaiko on X ETH/BTC Ratio Rising, ETH Momentum Building The ETH/BTC ratio technically gauges market sentiment towards these two leading crypto. The recent rebound indicates investors are increasingly bullish on Ethereum’s potential relative to Bitcoin.  This upward trajectory is fueled by growing optimism surrounding the potential approval of spot Ethereum ETFs and the general confidence that…

Bitcoin Price (BTC) Sinks as Grayscale (GBTC) Preps Sale of 9K More Tokens

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Institutional Inflows Into XRP Surges 244% Amid ETF Speculation

XRP has reacted positively since the launch of spot Bitcoin ETFs in the US, both in its price and general market sentiment. At the same time, recent data from CoinShares on the weekly inflow into digital asset funds reveal that the positive sentiment flowed into XRP-based investment products, with institutional investors increasing interest amid speculations of whether a spot XRP ETF might soon hit the market. As a result, weekly net inflows into XRP jumped 244% last week, registering a total of $2.2 million.   Institutional Investors Look To XRP Amid…

from dizzying heights to cautionary tales

Explore the tumultuous journey of cryptocurrencies from 2022’s crashes to 2023’s cautious optimism amidst market volatility and regulatory shifts. Since their inception, crypto assets have been commanding headlines, with their volatile nature painting a breathtaking, yet sometimes terrifying, picture for investors worldwide.  However, beneath this market’s faсade of extreme ups and downs lies an intricate tapestry woven by factors far beyond just numbers on a screen. Are they simply victims of their inherent boom-and-bust cycles, or do they bear the brunt of regulatory overreach?  Crypto market cap in 2022-2023 |…

XRP Investors Become Fearful: Time To Buy?

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Data shows the sentiment around XRP has taken a plunge following the failed attempt at a Bitfinex attack using the “partial payments exploit.” XRP Weighted Sentiment Has Plunged To Negative Levels Recently As explained by the on-chain analytics firm Santiment in a new post on X, the sentiment around XRP has turned negative. The indicator of interest here is the “Weighted Sentiment,” which itself is based on two other metrics: the “Sentiment Balance” and “Social Volume.” The former of these basically keeps track of the sentiment currently present among social…

MeWe and Amplica Labs Achieve Historic 500K User Migration to Web3

The 500,000 migrated MeWe users now have personal control over their identities, data, assets, and online experiences. MeWe, a social media platform, has partnered with Amplica Labs to move 500,000 active users to Web3 technologies. This transition uses Amplica’s Frequency blockchain, which gives users more control and independence over their social networking experiences through blockchain features. MeWe is an alternative to ad-driven networks that focus on people and communities. By working with Amplica Labs on decentralized solutions, the social network wants to expand user rights and permissions, freeing them from…