Month: January 2024

Bitcoin Price Eyes Recovery But Can BTC Bulls Regain Strength?

Bitcoin price is aiming for an upside break above the $40,500 resistance. BTC bulls could face heavy resistance near $40,850 and $41,350. Bitcoin price is attempting a recovery wave from the $38,500 support zone. The price is trading just above $40,000 and the 100 hourly Simple moving average. There is a crucial bearish trend line forming with resistance near $40,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to settle above the $40,400 and $40,500 resistance levels. Bitcoin Price Eyes Upside Break…

Why Cardano Could Be The Next Big Crypto Winner: An Influencer’s Perspective

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In a recent video from the crypto-based YouTube channel Cheeky Crypto, the host underscores Cardano’s (ADA) approach, which separates it from its contenders, particularly its reliance on “academic rigor” and “research-driven development.” Dropping out his reasons for being bullish on Cardano, the host highlighted the blockchain’s core use cases; starting in the video, the host defined Cardano as a proof-of-stake (PoS) blockchain platform developed using a “methodical, evidence-driven approach,” firmly anchored in the principles of “scientific research and academic thought.” According to the host, the Cardano development team aims to…

Circulating Market Cap Outpaces All Cryptos With 140% Surge

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In the fourth quarter of 2023, the cryptocurrency market experienced a notable resurgence, accompanied by the anticipation of a potential Bitcoin ETF approval. Among the standout performers during this period was Fantom (FTM), a Layer-1 protocol launched in 2018.  According to a recent report by Messari, Fantom witnessed significant growth, with its circulating market cap soaring by 140% quarter-over-quarter, from $0.5 billion to $1.3 billion. This performance surpassed all cryptocurrencies’ overall market cap growth at 54% in Q4. Additionally, Fantom climbed up the market cap rankings, ascending five spots from…

Banking professionals shift to crypto sector amid growing blockchain adoption

The latest study by Bitget found that one-third of cryptocurrency job seekers previously held positions in the traditional banking and finance industries.  The study reveals that 33% of individuals applying for roles within the cryptocurrency exchange were formerly part of the banking sector. Applicants are primarily interested in positions such as KYC Manager, Compliance Associate, Senior Compliance Associate, and AML Analyst. The past few years have seen a considerable shift, with an influx of banking professionals transitioning to cryptocurrency. Specifically, there was a 113% increase in 2022 and a 143%…

UK Supreme Court Refuses Craig Wright Appeal Against Bitcoin Podcaster

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“We actually only just found out about it but it was at the end of end of last year, [the] Supreme Court refused permission for Craig Wright’s appeal,” said Rupert Cowper-Coles, a partner at law firm RPC who represents McCormack. “So they’re very pleased that judgment stands – [the] one pound nominal damages award, which Craig has tried to appeal twice unsuccessfully.” Original

Analyst Thinks Ethereum Will Explode To $15,000, Cites Favorable Technical Formation

A crypto analyst, Elja on X, predicts that Ethereum (ETH) will reach a staggering $15,000 by 2025 based on technical analysis. The analyst argues that the current bearish sentiment in the crypto market is “temporary.” Moreover, Elja notes that the second most valuable coin by market cap follows a similar fractal pattern that fueled its previous major price rally in 2021. ETH to $15,000 | Source: Elja on X Is Ethereum Ready To Rip Despite The Current Consolidation? Sharing a screen grab of the current ETH price action, Elja says most…

New meme coin adds 100%, will it follow BONK?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While the broader crypto market struggled to gain momentum, Sponge, an upcoming meme coin, remains firm. Sponge is trending higher, rising from $0.000403 to $0.0007217, a 79% increase within a month. As of Jan. 24, it was up 100% during the same time frame. The exciting move comes following an announcement by the Sponge team that the token will bridge to Sponge V2, packed with new utility and staking…

Report Highlights 5 Solana Projects Set For Success In 2024

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Solana has been on a downward trend over the past week, following a surge from multi-year low levels. The token suffered when its biggest promoter, crypto exchange FTX, fell, but the ecosystem continued to thrive, leading to the high timeframe recovery.  As of this writing, Solana’s native token SOL trades at $87 with a 2% profit over the past 24 hours. Over the previous seven days, the cryptocurrency records a 12% correction. SOL’s price trends to the upside on the daily chart. Source: SOLUSDT on Tradingview Rising Stars In The…

Ethereum (ETH) Price Defends $2k Support as Whales Buy the Dip

Ethereum price managed to hold the $2,200 support as the crypto market downturn intensified this week, on-chain signals highlight rising whale demand.  On Jan. 22, the crypto market suffered significant bearish headwinds as Bitcoin (BTC) prices wobbled below $40,000 for the first time in 50 days. At press time on Jan. 25, the global crypto market capitalization has shrunk 7%, with $108.5 billion in valuation wiped out within the weekly timeframe.  Ethereum (ETH) vs. Crypto Market Cap Performance | Source: TradingView Losing 5% in Ethereum (ETH) price has maintained a…