Month: January 2024

BNB Price Prediction – Why Bulls Could Aim Fresh Rally To $350

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BNB price is holding gains above the $300 pivot level. It is showing positive signs and might rally toward the $350 resistance zone. BNB price is moving higher above the $300 resistance. The price is now trading near $310 and the 100 simple moving average (4 hours). There is a key declining channel or a bullish flag pattern forming with resistance near $325 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might continue to move up if there is a clear move above $315…

Analyst predicts highest Cardano surge in 208 days

Crypto analyst LuckSide Crypto suggests that the price of Cardano might just be getting started after recovering from the latest drop, as stated in a new Jan. 11 analysis. Looking at the charts, LuckSide Crypto highlights that Cardano (ADA) reached $0.60 during the video release, following positive news of a spot Bitcoin ETF approval. ADA price has since seen a double-digit surge, gaining dominance alongside other altcoins against Bitcoin (BTC). However, the analyst shares that the reason he predicts the market is just getting started comes down to what the money…

Ethereum Price Holds Ground As Indicators Suggest Rally To $2,800

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Ethereum price climbed higher above the $2,600 resistance. ETH outpaced Bitcoin and is holding gains above the $2,580 support zone. Ethereum extended its increase above the $2,650 resistance zone. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a downside correction if there is a move below the $2,580 support. Ethereum Price Eyes More Upsides Ethereum price remained in a positive…

Gary Gensler’s Long, Embarrassing Battle Against Bitcoin ETFs

Moreover, Gensler doesn’t sound particularly “merit neutral” (which is how the SEC describes its role in regulating markets) when drawing a comparison between bitcoin and gold, saying one is a commodity with industrial and consumer use and the other is primarily used for ransomware, money laundering, sanctions-evasion and terrorist financing, when not for pure speculation. Source CryptoX Portal

CLINKSINK Drainer Campaigns Swipe Nearly $1M Worth Of SOL

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In a recent report released by Mandiant, a threat intelligence and cybersecurity company, alarming details have emerged about the widespread exploitation of Solana users through a campaign known as CLINKSINK.  The report sheds light on the nature of these drainer campaigns, which have resulted in the loss of nearly $1 million worth of SOL tokens. CLINKSINK Campaign Targets Solana Investors According to the report, The CLINKSINK campaign, identified by Mandiant, involves malicious actors leveraging drainers – malicious scripts and smart contracts – to steal funds and digital assets, including non-fungible…

Former FTX customers seek crypto repayment amid current market rally

A group of previous FTX customers urges a U.S. court to modify the proposed repayment approach in their bankruptcy case.  The former customers contend that the current proposal unjustly excludes them from the significant increase in Bitcoin and other cryptocurrencies over the past year. Bitcoin is up by nearly 170% in a year, reaching $49,000 today for the first time in almost two years after yesterday’s historic ETF approval by the SEC. Over 80 individuals with their crypto assets locked in FTX have submitted objections to the plan. This plan…

Is Bitcoin Near Top Yet? What Glassnode’s Price Multiplier Model Says

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Glassnode’s model for tracking the “price multiplier” effect for Bitcoin could provide some hints about whether the asset is near the top or not so far. Bitcoin Is Observing A Multiplier Effect Of 4-5x Right Now In a new post on X, the lead on-chain analyst at Glassnode, Checkmate, has discussed the “price multiplier” effect of Bitcoin. This effect refers to the fact that the capital that flows into the cryptocurrency is not always (in fact, most of the time) the same as the change reflected in the market cap.…

Analyst Predicts 47% Surge After Price Breakout

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With the recent approval of Bitcoin exchange-traded funds (ETFs) injecting new inflows and igniting a sense of bullish sentiment in the market, Solana (SOL) is emerging as one of the top gainers in the past 24 hours.  The cryptocurrency has experienced a 4.5% surge, trading at $99, aiming to reclaim the significant $100 milestone lost during a recent deep correction. Solana Bulls Targeting $150-$165 Price Range  Solana, holding the fifth position among cryptocurrencies by market capitalization, could undergo a substantial price surge if the current upward momentum continues and successfully…

Coinbase Expanding to Africa by Teaming Up With Leading African Stablecoin Exchange Yellow Card

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The top US-based crypto exchange platform is venturing into Africa after announcing that will be teaming up with Yellow Card, a leading African stablecoin exchange. In a new blog post, Coinbase says that as part of its plan to reach 20 countries on the continent, it’s partnering up with Yellow Card to provide millions of people access to prominent dollar-pegged crypto assets, such as USDC. “Through our new partnership with Yellow Card, one of Africa’s leading stablecoin exchanges and a Coinbase Ventures portfolio company, millions of users will gain access…

Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?

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With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie, has lent his voice to the cause. Valkyrie Exec Says XRP ETF Could Be Next In an interview with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will soon follow…