Day: January 28, 2024

Bitcoin could hit $170k post halving: Anthony Scaramucci

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SkyBridge Capital founder Anthony Scaramucci shared an optimistic take on Bitcoin’s (BTC) potential trajectory following the halving. The former White House communications director suggested on The Wolf Of All Streets Podcast with Scott Melker that Bitcoin could experience a “conservative” increase of more than 300% in the coming months. “Why so bearish, man?” Melker asks. Here’s what Scaramucci said. Scaramucci sees BTC at $170k Bitcoin could witness a “cycle top” that is 4x higher than its halving price, Scaramucci, a Goldman Sachs vet, says. He predicts that Bitcoin could reach…

Top cryptocurrencies to watch this week: MANTA, SHIB, FTT

Manta Network (MANTA), Shiba Inu (SHIB), and FTX Token (FTT) are among the top cryptocurrencies to command considerable attention this week. Manta is currently trading at $3.54. Shiba Inu, $0.0000091342 FTT, $2.80 MANTA, SHIB and FTT prices – Jan. 28 | Source: Santiment MANTA clinches new ATHs Manta Network launched its native token MANTA last week, with a total supply of 1 billion tokens and a 2% annual inflation rate. The token has been positioned for purposes bordering on fees, staking and liquidity. MANTA opened trading on Jan. 18 with…

Bitcoin Whales Increase Their Holdings By $3 Billion

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It’s only been a month into 2024, and Bitcoin has already experienced a whirlwind of activity. These events range from the SEC’s approval of spot Bitcoin ETFs to the cryptocurrency’s price underperforming with a decrease over the past month and selloffs from the Grayscale BTC Trust. Amidst all these, on-chain data has revealed an interesting sentiment of strategic accumulation among whales of the largest cryptocurrency.  According to information provided by crypto analytics firm IntoTheBlock, Bitcoin whales have added over 76,000 BTC worth approximately $3 billion to their holdings since the…

Bitcoin falls after ETF approval; investors turn to Chainlink and NuggetRush

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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. Bitcoin demand dropping Crypto whales looking at Chainlink. NuggetRush presale draws investors Moments after the spot Bitcoin ETF was approved in the U.S., prices tanked. Meanwhile, Lookonchain data shows heightened whale activity for Chainlink (LINK). Amid this, more investors are exploring NuggetRush (NUGX). So far, over 161 million NUGX have been sold.  Bitcoin demand drops On Jan. 11, the U.S. Securities and Exchange Commission (SEC) approved several spot Bitcoin…

Analyst Says ‘Bitcoin Price Correction Is Over’

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The tides seem to be turning in favor of the Bitcoin price, as the market leader has reclaimed the $42,000 level for the second time in as many days. According to data from CoinGecko, the premier cryptocurrency has managed to register a 1.1% profit on the weekly timeframe.  While Bitcoin appears to be garnering positive momentum at the moment, outflows from the Grayscale BTC ETF (GBTC) continue to brew fear of continued bearish pressure in the hearts of investors. However, a prominent crypto analyst has offered insights into the flagship…

In the next bull run, let’s put product before narrative

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. We should not underestimate the power of narratives in the blockchain space. So much so that it has almost assumed a “chicken and egg” dynamic, where project teams seek to captivate the public’s imagination with a company vision to attract investment and adoption before the product is developed. It is more prevalent during bullish market phases, marked by an influx of investor funding, euphoria, and substantial price…

How To Buy, Sell, And Trade Crypto Tokens On The Cardano (ADA) Network 

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The Cardano Network is a decentralized proof-of-stake blockchain platform with smart contract support and uses its own native token ADA, just like the Ethereum blockchain. Cardano is often described as the Ethereum killer. However, Cardano also considers itself the updated version of Ethereum, which is currently the king of all altcoins, including ADA. Cardano (ADA) The Supposed Ethereum Killer It has been said that Cardano has anointed itself as a third-generation crypto platform which it regards to Ethereum as the second generation. Cardano has deemed itself fit to be a…

Analyst Predicts Bitcoin Consolidation, Eyes Long-Term Price Target Of $500,000

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In the last day, Bitcoin (BTC) has notched up minor gains to the tune of 0.7%, pushing its market price above the $42,000 mark. Investors in the world’s leading cryptocurrency are likely encouraged by this recent price gain, following the 20% price decline that trailed the highly anticipated approval of the Bitcoin spot ETFs earlier in January.  Amidst many speculations on BTC’s next movement, popular crypto analyst Michaël van de Poppe has released a prediction that indicates Bitcoin’s movement may be restricted for the coming months. Albeit, he projects a…

Satoshi VM tanks as SAVM investors consider Bitcoin Minetrix

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The Satoshi VM (SAVM) price is under pressure, falling 26%. The move comes following a week filled with controversy and accusations of foul play. Meanwhile, the new BTC mining project, Bitcoin Minetrix, is pushing ahead in its presale. With over $9.2 million of BTCMTX sold, investors appear to be actively seeking a solid SAVM alternative. SAVM drops by 20% A new feud between Ape Terminal and MacnBTC impacted SatoshiVM. Both parties allege that the other dumped allocations of SAVM, with Ape Terminal claiming MacnBTC dumped $10 million of the token.…

XRP Price Will See 1,000% Rally When ‘Black Cloud’ Dissolves, What This Means

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The host of the ‘Discover Crypto’ YouTube channel has boldly claimed that the XRP price could surge by 1000% from its current price range. He highlighted the Securities and Exchange Commission’s (SEC) case against Ripple as one of the factors that could spark this price surge.  XRP Price Could Do A 10X When Ripple And SEC Settle In a video posted on the YouTube channel, the analyst suggested that XRP would rise significantly once Ripple and the SEC finally settled. He described this long-running legal battle between both parties as…