Day: February 8, 2024

Bitcoin returns to $45k amid increased trading volume, positive market sentiment

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Bitcoin surged to $45,435, marking a 5.3% increase in a day and a 6.3% rise over the week, as per CoinMarketCap data. This upward trajectory brings the cryptocurrency past the $45,000 threshold, a figure last seen in the wake of the U.S. Securities and Exchange Commission’s (SEC) landmark approval of spot Bitcoin ETFs. The enthusiasm around Bitcoin’s (BTC) price hike is further amplified by the significant trading volume observed in spot Bitcoin ETFs, which exceeded $1 billion yesterday, with BlackRock and Fidelity leading the charge, according to Bloomberg’s James Seyffart.…

Shiba Inu Price Breaks 2-Month Downtrend, Eyes New Peaks

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The Shiba Inu (SHIB) price has emerged from a persistent downtrend that dominated the past two months. A detailed analysis of the daily and weekly (SHIB/USD) charts indicates a series of critical technical factors that are currently influencing SHIB’s price movements. Shiba Inu Bulls Take Over On the daily chart, SHIB has broken through the upper boundary of the descending channel pattern that had been in place since the high at $0.00001193 reached in mid-December last year. This channel, characterized by lower highs and lower lows, had been containing the…

Spot Bitcoin ETF inflows top $1.55b; investors supporting Solana and NuggetRush

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Spot Bitcoin ETFs have attracted over $1.55 billion since Jan. 11. Solana (SOL) and NuggetRush (NUGX) are also receiving strong investor support, with $13 million added to Solana products and over 170 million NUGX sold during the presale. Spot Bitcoin ETF inflows top $1.55 billion  A recent analysis by Crypto.com Research highlighted two advantages of spot Bitcoin ETFs – cost-effectiveness and asset diversification. As a result, there has been…

Chainlink Breeds New Whales As $49.9 Million Accumulation Spree Cause Prices To Surge

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Chainlink (LINK) has traders buzzing as its price has been up by 40% since the last week of January, massively outpacing the broader cryptocurrency market. Amidst this price spike, mysterious whale wallets have been topping up their holdings, as evidenced by on-chain data.  According to blockchain tracker Lookonchain, there’s been a massive outflow of LINK from crypto exchange Binance in the past two days, particularly with 49 new wallets receiving 2,745,815 LINK within this timeframe.  Massive LINK Accumulation Occurs On Binance Before Withdrawal Details from Binance point to an ongoing…

Cryptodollar Minting Protocol M^0 Will Allow Institutions to Issue T-Bill-Backed Stablecoins

But these firms are simply creating more and more of their products shipped on-chain, said M^0 Labs CEO Luca Prosperi, who believes a centralized party should not mint stablecoins and should not continue to fractionalize liquidity. As such, M^0 takes some of the original ideas of MakerDAO, where Prosperi was a community leader, but makes that vision more institutional. Source

Jupiter and Solana in focus, investors explore Rebel Satoshi presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rebel Satoshi (RBLZ) is popular, competing with other tokens like Jupiter (JUP) and Solana (SOL). In recent days, SOL and JUP prices have been diverging, with the former rallying.  Jupiter price prediction Jupiter recently fell by 6.10% despite announcing the launch of its JUP site.  Market experts are divided on the future of Jupiter, with some predicting that JUP will rise to $1.11 by the end of March, while…

Terraform Labs Founder Wins Second Appeal Against Montenegro Extradition Decision

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Analyst Reveals Potential Trigger For A 32% Cardano (ADA) Rally

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An analyst has explained that based on a pattern forming in the Cardano price, a 32% rally could take place, if a close above this level can happen. Cardano Has Been Forming A Descending Triangle Pattern Recently In a new post on X, analyst Ali has talked about a Descending Triangle forming in the daily price of Cardano. The “Descending Triangle” refers to a pattern in technical analysis (TA) that, as its name suggests, looks like a triangle with a downward slope. The pattern is made up of two lines,…