January 2024

Sui, FTT anchors today’s top cryptocurrency gainers

January 13, 2024

According to CoinMarketCap, the world’s most-referenced price-tracking website for cryptoassets, SUI is the day’s top gainer at 17%, followed by FTT and BLUR. Top Crypto Gainers And Losers Today | Source: CoinMarketCap As the Jan. 12 leader, Sui (SUI) represents a pioneering Layer 1 blockchain and smart contract platform crafted to facilitate fast, private, and secure digital asset ownership. As of the latest update, the live Sui price is $1.18, accompanied by a 24-hour trading volume of $870 million, reflecting a 17.7% increase in the last 24 hours. Today, Sui’s…

SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement

January 13, 2024 boss

Based on current information, staff understands that, shortly after 4:00 pm ET on Tuesday, January 9, 2024, an unauthorized party gained access to the @SECGov X.com account by obtaining control over the phone number associated with the account. The unauthorized party made one post at 4:11 pm ET purporting to announce the Commission’s approval of spot bitcoin exchange-traded funds, as well as a second post approximately two minutes later that said “$BTC.” The unauthorized party subsequently deleted the second post, but not the first. Using the @SECGov account, the unauthorized…

SEC Says Other Systems Secure After X Account Hack

January 13, 2024

On Tuesday, the SEC’s official X (formerly Twitter) account, @SECgov, tweeted that the agency had approved a number of spot bitcoin exchange-traded fund (ETF) applications to begin trading, a message that was ultimately shown to be faked by someone who was able to gain access to the account through the phone number associated with it. On Friday, the SEC statement provided a timeline of events on Tuesday, saying the first “unauthorized post” came at 4:11 p.m. ET (21:11 UTC), and SEC Chair Gary Gensler published his clarification 15 minutes later.…

Analyst Flags Market Peak Amid Spot ETF Hype Cooling Off

January 13, 2024 boss

A notable shift in market sentiment has recently been observed, particularly around the Bitcoin spot Exchange-Traded Funds (ETF) narrative. YouTube analyst Crypto Banter, in a recent analysis, suggests that the initial excitement surrounding Bitcoin spot ETFs is waning, leading to a change in investor behavior. According to Crypto Banter, despite significant trading volumes in spot Bitcoin ETFs, which totaled $4.6 billion with Grayscale (GBTC) leading the pack, there’s more than meets the eye. Analyst Predicts Pullback Amid Local Top Signs A deeper look into the analyst’s video reveals that GBTC’s…

Litecoin About To Explode And Outperform Bitcoin? Analyst Is Super Bullish

January 12, 2024 boss

Litecoin, a cryptocurrency often referred to as the “silver to Bitcoin’s gold,” is gaining traction among analysts who predict its potential to outperform Bitcoin shortly. Tony “the Bull,” a certified chartist and the Head of Research at NewsBTC, took to X on January 12, laying out a bullish outlook for the 18th most valuable cryptocurrency. Citing its monthly candlestick formations, the analyst said what’s panning out are signs of an imminent breakout that could propel the coin higher in the coming weeks. Litecoin About To Rip Higher? Specifically, Tony “The Bull”…

Surges Then Faces Sudden Dip As Options Expiry Looms

January 12, 2024 boss

According to Crypto trader Mags, Bitcoin, the flagship cryptocurrency, has recently demonstrated a notable +55% surge, breaking out from a smaller broadening wedge pattern. Mags shared insights on this significant price movement, observing Bitcoin’s breakout and suggesting a mid-term target at the “upper trendline resistance of a larger broadening wedge.” This surge notably results from several catalysts in play, such as the surging interest of institutional investors and the US approval of spot Bitcoin Exchange-Traded Funds (ETFs). Upcoming Options Expiry Impact’s Bitcoin Price However, Bitcoin has seen a slight downturn…

Analyst says nothing bearish on Bitcoin charts

January 12, 2024 boss

More Crypto Online, a YouTube cryptocurrency analyst, highlights that the current five-wave trend on the Bitcoin chart could open the door to an even larger trend. In the Jan. 12 video, the analyst suggests if micro support breaks on the Bitcoin (BTC) daily chart, the market can expect a wave four, triggering a larger wave five, assuming the market doesn’t pull back below $35,000. If so, the next wave four will be substantially larger than the wave four from the previous month, resulting in a bullish outcome. More Crypto Online…

BNB’s Liquidity Fell In Q4 2023, Bitcoin, XRP, And Dogecoin Lead

January 12, 2024 boss

Amidst regulatory scrutiny and leadership changes, Binance Coin (BNB) lost its footing in the liquidity race, slipping to 13th place in Q4 2023, according to Kaiko data on January 11. This surprising development contrasts BNB’s position as the third-largest cryptocurrency by market capitalization, raising questions about its general liquidity. Dogecoin Flips BNB In Liquidity Rankings Kaiko’s findings, based on spot trading data from multiple exchanges, revealed that Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE) emerged as the top four most liquid cryptocurrencies in Q4 2023. Q4 2023 token liquidity rankings |…

Retail Trading Giant Robinhood Lists Newly Approved Spot Bitcoin (BTC) Exchange-Traded Funds

January 12, 2024 boss

Retail trading giant Robinhood has listed the newly approved spot Bitcoin (BTC) exchange-traded funds (ETFs). The 11 greenlit BTC ETFs became available to the company’s customers on Thursday morning in both retirement and brokerage accounts through Robinhood Financial, according to a new press release. Robinhood chief executive Vlad Tenev says the new Bitcoin financial products help integrate crypto and traditional finance. “It not only offers clarity but also opens avenues for sophisticated risk management tools that benefit our customers in managing their digital asset investments. Our ethos is ‘participation is…

What Other Crypto Firms Could Go Public This Year

January 12, 2024

Working against Kraken is a lawsuit brought last year by the SEC, the agency that will have to approve its public listing. It’s worth noting several other exchanges and brokerages, including Israel-based eToro and CoinDesk’s parent company Bullish, explored going public but were blocked by the SEC. Bitpanda, in the E.U., and Bitso, in Mexico, should also be watched, if expanding the conversation beyond U.S. markets. Source