Month: January 2024

Analyst Doubles Down On Bullish Year For Bitcoin

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Bitcoin (BTC) began 2024 on a positive note gaining by 3.18% in the first week of the year, according to data from CoinMarketCap. The premier cryptocurrency is expected to herald in a bull crypto season, with many investors expecting immediate approval of Bitcoin spot ETF proposals by various asset managers.  However, regardless of the decision of the US Securities and Exchange Commission (SEC) in the next few days, crypto analyst Ali Martinez believes Bitcoin is still poised for massive gains in 2024 as there is another bullish factor in play. …

A Game-Changer For MATIC Investors?

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In today’s charts, Polygon (MATIC) is flashing red, losing 4.6% and 14.2% over the course of 24 and seven days, respectively. However, despite the poor showing, there was hope for fresh interest because of the recent developments. Focus is on the SAGA airdrop, which attracted over 26,000 Polygon users who used Polygon’s zkEVM Bridge for Ethereum transactions or participated in MATIC staking. Developers can start their own “chainlets” with the future blockchain protocol Saga. NEW: The $SAGA (@Sagaxyz__) airdrop is available to 26K+ Polygon users who staked $MATIC or bridged…

Daily DEX Volume Surges, Outpacing Ethereum By $400 Million

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Arbitrum, a prominent Layer-2 (L2) scaling solution, has been on a remarkable upward trajectory since the launch of its native token, ARB, in March 2023. The past 30 days witnessed a staggering 74% surge in ARB’s value, underscoring the growing market interest in the protocol. Notably, Arbitrum’s daily decentralized exchange (DEX) volume has experienced a significant surge, propelling the protocol to surpass Ethereum (ETH) for the first time in this key metric.  This milestone highlights Arbitrum’s increasing adoption and recognition for its scalability within the decentralized finance (DeFi) ecosystem. Arbitrum…

Trading Guru John Bollinger Forecasts Bitcoin Breakout, $50,000 On The Horizon?

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John Bollinger, a legendary Bitcoin (BTC) trader known for creating the Bollinger Bands strategy, has recently shared an optimistic view on Bitcoin’s future. Bitcoin Poised For Further Surge? In a post on X, John suggest that Bitcoin’s price is likely to “break higher” from its current levels. This prediction is based on his analysis using the Bollinger Bands chart, a popular technical analysis tool he developed. For context, Bollinger Bands are a type of statistical chart characterizing the prices and volatility of an asset over time. They consist of a…

What to Know About the Bangladesh Election and Sheikh Hasina

Last October, the Bangladesh Nationalist Party (BNP), the country’s main opposition party, took to the streets in the city of Dhaka to demand that incumbent Prime Minister Sheikh Hasina appoint a neutral caretaker government to ensure a free and fair vote in the next general elections. Instead, the 76-year-old leader from the Awami League Party responded by cracking down on her opponents in a deadly clash that saw the arrest of tens of thousands of people, including several senior BNP leaders and their supporters.  With Bangladesh now set to head…

Analysts Caution Against Missing Out As BTC May Surge To $500k With ETF Launch

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As the Bitcoin price has regained previously lost territory, following reports suggesting that the US Securities and Exchange Commission (SEC) would reject the long-awaited Bitcoin spot exchange-traded funds (ETFs), new developments have reignited hopes among investors.  Although the approval of these index funds is not expected to occur on Friday, sources indicate that the upcoming week may bring positive news.  ETF Approval To Drive Gradual Bitcoin Price Surge To $500,000 FOX journalist Eleanor Terret reports that amended 19b-4 filings and last-minute phone calls regarding comments on S-1s and possible launch…

Bitcoin $100,000 Transactions Soar, More Surge Ahead?

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The Bitcoin (BTC) network has experienced a significant uptick in high-value transactions, a phenomenon not seen in nearly two years. Crypto analyst Ali has highlighted this trend, noting 16,900 transactions, each exceeding $100,000. This surge is a critical indicator of increased activity by Bitcoin whales – entities holding large amounts of BTC – and provides valuable insight into their strategic maneuvers in the current market landscape. In the past 24 hours, #Bitcoin experienced its largest spike in transactions over $100,000 in nearly two years. The 16,900 large transactions serve as…

Top Crypto Exchange Binance Announces Upcoming Support for Soon-To-Be Launched Gaming Altcoin

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Top global crypto exchange Binance plans to list an upcoming gaming altcoin via its Launchpool platform. Binance Launchpool allows users to stake coins to farm new assets, the platform’s 43rd project will be the gaming blockchain Xai (XAI), which the exchange plans to list on January 9th. Between January 5th and the 9th, Binance users can stake BNB as well as the stablecoins First Digital USD (FDUSD) and TrueUSD (TUSD) into separate pools to farm XAI tokens. Binance says it will attach a seed tag to XAI, which the exchange…

Bitcoin “Outlook Remains Bullish,” As Long As This Stays True: Analyst

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An analyst has explained that the outlook for Bitcoin should remain bullish as long as the cryptocurrency’s price remains above this level. Bitcoin Has Strong On-Chain Support Above $41,800 In a new post on X, analyst Ali talked about the various BTC support and resistance levels from an on-chain perspective. In on-chain analysis, the strength of any support or resistance level depends on the amount of Bitcoin that the investors bought at said level. The chart below shows what the distribution of the different BTC price ranges currently looks like…

Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges

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This filing “is another important step towards uplisting GBTC as a spot bitcoin ETF,” Grayscale spokeswoman Jenn Rosenthal said in a statement, referring to the company’s bitcoin trust that it wants to turn into an ETF. “At Grayscale, we continue to work collaboratively with the SEC, and we remain ready to operate GBTC as an ETF upon receipt of regulatory approvals.” Original