Month: January 2024

BTC surging on ETF approval expectations, Bitcoin Minetrix presale hits $8m

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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. The Bitcoin price has seen a notable increase over the past 24 hours, currently trading at $46.9K, up 7.29%. Meanwhile, Bitcoin Minetrix is also also seeing growth as its presale hits $8 million.  ETF developments bolster Bitcoin Excitement around a potential spot Bitcoin ETF approval has pushed prices to the highest level since March 2022, with analysts forecasting further upside. The SEC recently issued additional comments on the Bitcoin…

Bitcoin’s $48k bulwark between $55k price target

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Bitcoin may face minimal traffic on the road to $55,000 if the largest cryptocurrency can break a key resistance level.  According to technical analyst Ali Charts, Bitcoin (BTC) shows a clear path toward $60,000, although it hinges on BTC breaking through resistance around the $48,000 price range. This level was last seen in April 2022 following a U.S. banking crisis shortly before Terra’s ecosystem implosion.  On-chain data from IntoTheBlock, cited by the trader, suggests that BTC could target this resistance point after forming support of around $42,000. At this level,…

These Altcoins Are Showing Most Bullish & Bearish Divergences: Santiment

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The analytics firm Santiment has revealed the list of altcoins that are showing the greatest bullish and bearish divergences currently. RSI Reveals These Altcoins To Contain The Most Extreme Values Right Now In a new post on X, Santiment has discussed some altcoins that are showing overvalued or undervalued conditions based on the Relative Strength Index (RSI) currently. The RSI refers to a momentum metric in technical analysis that tracks the speed and magnitude of recent changes happening in the price of any given asset. This measurement can be made…

JTC Network, a New Layer One Blockchain Focused on Legal Enforcement, To List on BitMart Exchange

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January 9, 2024 – Chicago, Illinois JTC, the native token of a legal recourse Bitcoin branch, is soon to be listed on BitMart. The highly anticipated JTC listing on BitMart has been confirmed. The coin will be listed at 10 a.m. UTC on January 9, 2024. The listing announcement earlier in December brings the crypto industry one step closer to accessing the same legal remedies available in mainstream finance. The listing is a significant milestone as it means the JTC blockchain’s native crypto will be available on an exchange that…

Jim Cramer switches stances, now says Bitcoin is topping out

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Financial commentator Jim Cramer’s evolving views on Bitcoin raise questions amid ETF approval, impacting investor decisions. Bitcoin’s recent surge faced skepticism from financial commentator Jim Cramer, known for his varied stance on the cryptocurrency. Cramer, who previously asserted the permanence of Bitcoin (BTC), now suggests it might be “topping out.” Despite Monday’s 8% gain, Cramer’s historical track record of inverse market movements, encapsulated in the ‘inverse Cramer’ sentiment, raises eyebrows. Cramer’s recent assertion that Bitcoin may be “topping out” aligns with his historical skepticism towards the cryptocurrency. Recently, his previous…

New York’s Crypto BitLicense Oversight by DFS Criticized by State Comptroller DiNapoli

The document accused the agency – still the only U.S. regulator with a comprehensive set of rules for doing crypto business – of falling short in several areas, including missing fingerprint information, unavailable background on applicants’ tax obligations, long lags between risk assessments on applicants and their eventual approvals, missing financial information and insufficient cybersecurity compliance from BitLicensees. Source

Cardano Drops 18% Despite 250% Surge In Development Activity

Cardano (ADA) closed out 2023 with a rollercoaster ride, soaring towards $0.70 before plummeting back to $0.52 by the new year. While this sharp correction was anticipated, concerns linger about an ongoing bearish sentiment despite room for growth. Recovery won’t be a walk in the park. Currently trading at $0.52, Cardano faces an uphill battle. However, glimmers of hope remain. Cardano (ADA): Resilient Support Amid Development Notably, ADA hasn’t breached the crucial support level of the 200-day EMA, suggesting an underlying bullish bias for the long-term trend that began in…

Bitcoin ETF Fever Drives Ethereum (ETH) to 32-Month Low Versus BTC

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