Day: January 20, 2024

Eyes $20 Mark after Market Dip

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In the midst of the recent turbulence within the cryptocurrency market, Chainlink (LINK) has emerged as a notable outlier, demonstrating resilience against the sweeping downturn that has left major altcoins crumbling. Surprisingly, LINK has steadfastly clung to the $16 mark, showcasing a 14% rally in the last seven days and defying the prevailing market trends. However, investors are left to ponder whether this is a promising sign for Chainlink’s future or merely a momentary blip in the radar. Source: Coingecko Massive Chainlink Whale Purchase This positive signal coincides with a…

FTX And Celsius Are Sending MATIC, ETH, And WBTC To Binance

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The crypto market might be about to experience a further downturn as a recent development suggests an imminent selloff is on the horizon. This comes following the recent market moves by Grayscale, which is believed to be responsible for the recent decline in Bitcoin’s price.  Celsius And FTX Crypto Funds On The Move On-chain data shows that defunct crypto lender Celsius Network recently transferred 34.08 million MATIC to the crypto exchange Binance. Meanwhile, a wallet address linked to Alameda Research, the sister company of defunct crypto exchange FTX, also recently…

Bitcoin Whale Addresses Hit 15-Month High

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The story has not been much different for the price of Bitcoin this week, as the premier cryptocurrency has struggled to capitalize on its recent advancements. According to data from CoinGecko, BTC is down by more than 3% in the past week, putting doubts over the continuation of the bull run. However, the latest on-chain revelation has offered some relief, suggesting that the value of Bitcoin might be up for substantial recovery over the next few weeks.  Can Whale Accumulation Trigger Continuation Of Bull Cycle? Popular crypto analyst Ali Martinez…

Illicit crypto addresses received over $24b in 2023, Chainalysis says

Illicit cryptocurrency addresses received $24.2 billion in 2023, showing a decrease from the estimated $39.6 billion in 2022, as per Chainalysis. In 2023, the value received by illicit crypto totaled $24.2 billion representing nearly a 39% decrease from the 2022 losses, which amounted to $39.6 billion, according to the latest research report published by Chainalysis, a blockchain analytics firm. The landscape of crypto crime saw a shift in the types of assets involved. While Bitcoin (BTC) previously dominated, stablecoins now constitute the majority of illicit transaction volume, data shows. Chainalysis…

SEC postpones decision on Fidelity’s spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed a decision on Fidelity’s application to launch spot Ethereum (ETH) ETFs. According to information on the regulator’s website dated Jan. 18, a decision on the application is now expected on March 5, 2024. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” SEC filing Bloomberg analyst James Seyffart called the move “expected.” At the same…

Fidelity Bitcoin Spot ETF Records $1 Billion In Net Inflows

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Data from the trading analytics platform BitMEX Research reveals that Fidelity’s Bitcoin spot ETF – FBTC – has now witnessed a total inflow of over $1 billion. This development comes as BTC attempts to rebound from its recent dip over the last two weeks with a 1.56% gain in the past day, based on data from CoinMarketCap.   Fidelity Joins BlackRock On Exclusive $1-B List, As Grayscale’s ETF Continues To Bleed Following the official launch of Bitcoin spot ETF trading on January 11, Fidelity has now become the second asset manager,…

XRP at near crucial support; Shiba Inu and Borroe Finance may surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Some say that XRP is near a crucial support level. Still, opinions remain mixed. Meanwhile, Shiba Inu’s predictions remain bold. A new entrant, Borroe Finance, is also garnering investor attention, raising over $3 million in its presale. XRP near crucial support  XRP has support at around $0.56 with resistance at $0.68. The market is bearish in the short term but slightly bullish in the long term. If Coinbase wins against…

Litecoin price analysis, investors exploring NuggetRush in ongoing presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin might be undervalued NuggetRush presale in progress NUGX might rally on launch While spot Bitcoin ETFs have not had the desired impact on crypto, BTC briefly rose above $48,000. However, Litecoin (LTC) has yet to benefit. Meanwhile, the ongoing NuggetRush (NUGX) presale is attracting more attention. The project combines memes with utility. NuggetRush is bullish NuggetRush offers a unique blend of gaming utility and meme culture.  As a play-to-earn…

XRP holders focus on new altcoin amid market fluctuations

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP is among the top altcoins. RBLZ hits $0.022 in presale Analysts are bullish on XRP and Rebel Satoshi, looking at their performance in the recent past. XRP may rally Despite the broader market recovery, XRP has underperformed.  On Jan. 10, the U.S. SEC approved all spot Bitcoin ETFs. Before then, altcoins, including XRP, had been trending higher. Despite recent difficulties, XRP rose from $0.5797 on Jan. 10 to $0.5818…

Market Cap Soars, TVL Doubles, And User Base Skyrockets

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According to a recent report by Messari, smart contract platform Algorand (ALGO), showcased notable growth and outperformed the general crypto market during the fourth quarter of 2023. Algorand Outperforms Crypto Market Growth  Per the report, Algorand experienced a surge in market capitalization during Q4 2023, with a significant growth rate of 123%. This substantial increase can be attributed to the overall positive momentum of the crypto market, which witnessed a 53% growth in market capitalization during the same period.  Algorand’s market cap and revenue increased during Q4. Source: Messari Transactions…