Day: February 8, 2024

Bitcoin Price Targets $55,000 Following Bull Pennant Breakout

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The Bitcoin price has experienced a notable increase of over 4% in the last 12 hours, marking a departure from the recent lull. This movement follows a bull pennant breakout, with the price of Bitcoin now aiming for the $55,000 mark. The 4-hour (BTC/USD) chart below shows Bitcoin trading at $44,609, having just breached the confines of a bullish pennant pattern—a bullish continuation signal frequently followed by an upward price trajectory. BTC price, 4-hour chart | Source: BTCUSD on TradingView.com What This Means For Bitcoin Price The pennant, which is…

Solana, Meme Moguls, and Bitcoin lead ahead of bull run

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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. Experts believe that Solana (SOL), Meme Moguls (MGLS), and Bitcoin (BTC) will be leading the next market upswing. While Bitcoin and Solana fell in January, Meme Moguls reached a new all-time high.  Solana’s trading volume drops Solana’s daily trading volume has decreased by $2.5 billion after a recent correction. Its daily trading volume is now $1.48 billion, making it the 6th most traded cryptocurrency globally.  Although its trading volume…

ARK 21Shares revamps Ethereum ETF proposal with cash creation model and staking plan

ARK 21Shares has recently adjusted its application for a spot Ethereum exchange-traded fund (ETF), shifting towards a cash-creation model akin to its previously approved spot Bitcoin ETF. The strategic amendment filed on Feb. 7 also includes plans to stake a portion of the ETF’s Ether (ETH) holdings potentially, aiming to generate additional income through staking rewards. This move follows the firm’s successful transition of its Bitcoin ETFs to a cash creation and redemption model in December after engaging in discussions with the United States securities regulator. The transition from an…

Cardano and Bitcoin in green, Everlodge listing revealed

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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. Cardano (ADA) is fluctuating but bullish. Bitcoin (BTC) has support at $42,800 and is likely to surge. Everlodge (ELDG) plans to list on Uniswap.  Cardano climbs 23.5% Cardano is up 23.5% over the past year, rising from $0.48 to $0.52.  RSI and MACD indicators show that the uptrend is valid. ADA may rally to $0.9102 by the end of Q4 2024. Bitcoin finds support at $42,800 Bitcoin has support…

Bitmain-backed Bitcoin mining firm BitFuFu eyes going public via SPAC deal

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Crypto mining company BitFuFu plans to go public on the Nasdaq stock exchange via a SPAC deal with Arisz Acquisition Corp. According to documents filed with the U.S. Securities and Exchange Commission (SEC), BitFuFu plans to go public under the ticker symbol “FUFU” once the merger with Arisz Acquisition Corp is finalized. The merger is anticipated to receive approval from Arisz’s board by Feb. 24, the document reads. Following the merger, BitFuFu will issue a total of 150,000,000 ordinary shares to Arisz shareholders at $10 per share. According to the…

Bitcoin Nears $45,000 Level In Historic Price Surge Following Spot ETF Debut

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Bitcoin (BTC) shook off recent bearish whispers and roared back to life on Wednesday, clawing its way past $44,000 and marking a four-week high as the top crypto asset approaches the vaunted $45K level. This bullish charge was fueled by a potent cocktail of factors, from resurgent accumulation by major investors to record highs in US equity markets and a surprise regulatory shift from Thailand. Bitcoin Surges Amid Whale Activity The day began with Bitcoin hovering around $42,700, but it quickly gained momentum, reaching a peak of $44,300 – its…

Solana Price Bounces Back With Network Restart In Full Swing

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Solana, the ambitious blockchain ecosystem, showcased its resilience in the face of adversity, experiencing a significant network outage that temporarily impacted its cryptocurrency value. The recent dip in SOL’s price, dropping to $93.36 during the outage, highlighted a challenging moment for the blockchain platform. However, the subsequent rapid recovery, with SOL currently trading at $101.80, reflects the network’s ability to bounce back, marking a notable 6.6% increase in the past 24 hours. Source: Coingecko Solana: Price Stagnation, Surge, Outage Recovery Amidst weeks of relative price stagnation, where SOL fluctuated between…

SOL Price Breaks $100 – Why Solana Could Pump Another 10%

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Solana is gaining bullish momentum above $100. SOL price is signaling a fresh increase and might rally further toward the $112 level. SOL price started a fresh increase from the $93.20 support against the US Dollar. The price is now trading above $98 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance at $96 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $102.50 and $105.00…

Ethereum Price Jumps To $2,450 as Bulls Take Over Crypto Market

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Ethereum price gained traction and climbed above $2,400. ETH is now showing bullish signs and might extend gains toward the $2,550 level. Ethereum is gaining bullish momentum above the $2,380 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair might correct lower, but the bulls could be active near the $2,400 support zone. Ethereum Price Gains Strength Ethereum price remained strong above…