Month: January 2024

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…

Ripple job listing has a key detail: ‘drive ETF initiatives’

Ripple (XRP) appears to be laying the groundwork for a future XRP exchange-traded fund (ETF). A recent job opening for a Senior Manager for Business Development at Ripple listed a key responsibility: “drive cryptocurrency-related ETF initiatives with internal trading teams and relevant partners.” This has led some in the crypto community to wonder whether the blockchain payments company is aligning its strategy with the evolving crypto landscape. This development surfaces as Ripple navigates through a high-profile legal tussle with the U.S. Securities and Exchange Commission (SEC), which many speculate could…

Here Are The Major Drivers Behind The Bitcoin Price Recovery Above $42,000

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Bitcoin recently surged above $42,000, having traded below $40,000 for several days. This market recovery is believed to be a result of different factors, including recent revelations about the US economy.  Macroeconomic Factors That Contributed To The Recent Bitcoin Surge The personal income expenditures (PCE) price index, a leading inflation indicator, was released on January 26 and reported to have been lower than expectations. This suggests that inflation in the United States is cooling off, and experts predict that the Federal Reserve will likely reduce their aggressive monetary policies.  The…

Magic Eden aims to solve NFT fragmentation with new wallet

Magic Eden is gearing up for the launch of its multi-chain wallet launch, designed to address the fragmentation in the non-fungible token (NFT) and crypto markets. The goal is to provide a more seamless experience for users across different blockchain networks. Magic Eden cross-chain interactions In a recent post on the X platform, Magic Eden, an NFT marketplace, shared a teaser video with an accompanying text suggesting the launch of its multi-chain wallet on Jan. 29th. In November 2023, Magic Eden announced the release of a multi-chain compatible crypto wallet…