Month: January 2024

Crypto in focus, XRP slides after Bitcoin fell

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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 and various altcoins, including XRP, remain volatile. Bitcoin falls by 10% Despite the market turmoil, NuggetRush posts strong performance Bitcoin recently fell by 10%, influenced by news of the U.S. SEC delaying the decision on the spot Bitcoin ETF. This downturn also impacted altcoins like Ethereum (ETH), Solana (SOL), and XRP.  Bitcoin falls Bitcoin, related stocks, and altcoins have taken a hit due to uncertainties surrounding the approval…

Bearish BTC Bets Lose $100M Ahead of Expected SEC Bitcoin ETF Approval

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Bitcoin [BTC] Decouples From Nasdaq Amid ETF Speculation

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The latest decoupling from the two can be explained by the fact that the crypto market, since October, has been squarely focused on expectations for a spot BTC ETF launch in the U.S. The Securities and Exchange Commission is likely to decide on nearly a dozen spot ETF applications by Jan. 10, potentially opening doors for widespread adoption of the asset class. Original

XRP Price Prediction – This Resistance Is The Key To Next Rally

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XRP price is moving higher from the $0.4540 support. The price could start a fresh rally if there is a clear move above the $0.600 resistance. XRP is attempting a fresh increase from the $0.4540 support level. The price is now trading below $0.5950 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.6080 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.600 and $0.608 resistance…

Ethereum Price Avoids Trend Reversal But Key Hurdle Still Intact

Ethereum price managed to stay above $2,170 and recovered losses. ETH consolidating and still facing many hurdles near $2,350 and $2,400. Ethereum is attempting a fresh increase above the $2,300 resistance level. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above the $2,350 level. Ethereum Price Regains Strength Ethereum price extended…

Bitwise poll on spot Bitcoin ETF shows doubt; investors consider Galaxy Fox presale

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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. Investors are awaiting the approval of spot Bitcoin ETFs in the U.S. However, a recent survey by Bitwise Asset Management shows that only 39% of financial advisers believe it will come through in 2024. As a result, investors are turning to Galaxy Fox (GFOX) to diversify their portfolios. Spot Bitcoin ETF poll According to a recent Bitwise poll, fewer than half of advisers expect a Bitcoin ETF to be…

SEC Hustles to Answer Latest Bitcoin ETF Filings: Source

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The issuers should file updated documents on Tuesday, the individual said. The comments addressed minor details in the amended S-1 forms rather than significant changes, and should not affect the timeline for a potential approval by the regulator. Issuers hoping to launch spot bitcoin ETFs in the U.S., including BlackRock, Grayscale and Fidelity, announced their expected fees in filings earlier Monday. Original

Bitcoin Price Rallies 5% and $48K Now Seems Imminent

Bitcoin price was able to clear the $44,500 and $44,700 resistance levels. BTC is up over 5% and might soon attempt a move toward $48,000. Bitcoin is gaining pace above the $45,500 resistance zone. The price is trading above $45,000 and the 100 hourly Simple moving average. There was a break above a key contracting triangle with resistance near $44,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up toward the $48,000 level unless there is a close below $44,000.…

Arbitrum’s New ArbOS 11: A Game Changer for Blockchain and Crypto

The Arbitrum community has recently implemented a significant upgrade with the adoption of the “ArbOS 11 version” proposal. This advancement heralds a series of key changes and improvements to the Arbitrum ecosystem, a prominent layer-2 scaling solution for Ethereum. EVM Shanghai Support and PUSH0 Opcode: ArbOS 11 includes support for the EVM Shanghai upgrade and the PUSH0 opcode. The integration of these elements with Arbitrum chains is crucial as it aligns with the latest versions of go-ethereum, ensuring that even in the event of a delayed upgrade, the Shanghai support…

Lazarus Said to be Moving Bitcoin Around After North Korea Tagged on $600M of 2023 Crypto Thefts

Generally speaking, a coin mixer, sometimes referred to as a tumbler, is a blockchain-based protocol that can be used to obscure the ownership of cryptocurrencies by mixing them with coins from other users before redistributing them – so no one can tell who got what. Typically, the transparency of blockchains makes it a straightforward exercise to track the crypto’s provenance and transfers. Source CryptoX Portal