The cryptocurrency has performed well before the halving and is likely to sustain momentum for the rest of the year, leading to new highs in 2024, the report said. Source
Bitcoin Miner Shares Offer Good Entry Point Ahead of Halving Event: Bernstein
Day: February 9, 2024
This Memecoin Can ‘Rival Dogecoin And Shiba Inu’: Crypto CEO
Andrew Kang, co-founder of Mechanism Capital, has recently stirred the crypto community with his announcement on X (formerly Twitter) about the firm’s strategic shift towards a highly specific and potentially volatile segment of the crypto market: Trump-themed meme coins and NFTs. This move marks Mechanism Capital’s pioneering investments for 2024, targeting a niche yet explosive area of digital assets that intertwine the realms of politics and meme culture. Leveraging The Attention Economy At the heart of Mechanism Capital’s investment strategy is the concept of the attention economy, which Kang describes…
Bankrupt lender Genesis Global strikes settlement over NY fraud claims
Genesis Global, a bankrupt cryptocurrency lender, has reached a settlement with New York Attorney General Letitia James over allegations of defrauding customers through its now-defunct Gemini Earn program. The latest settlement aims to return assets to former Earn customers and other Genesis creditors, pending approval by a bankruptcy judge. The lawsuit, filed by James in October against Genesis, Digital Currency Group (its parent company), and Gemini, accused the firms of misleading customers, resulting in losses of $1.1 billion. The recent court settlement, however, only addresses the claims against Genesis. Under…
Cardano (ADA): Green Shoots Emerge
Cardano (ADA), the eighth largest cryptocurrency by market capitalization, is experiencing a surge of excitement among investors. A 10% price increase within the past 24 hours has fuelled optimism, further amplified by crypto analyst Ali Martinez’s prediction of a potential 32% jump to $0.68. Martinez’s prediction is based on both technical analysis and recent positive price movements. Cardano: No More Downtrend – For Now One key technical indicator identified by Martinez is the descending triangle pattern on the daily chart. This pattern often foreshadows the end of a downtrend, offering…
DeFi Platform Pendle Nears $1B in Total Value Locked
Liquid restaking token finance (LRTFi) is a new DeFi field that allows for the liquidity of staked assets through the issuance of liquid restaking tokens (LRTs), enabling users to earn rewards while their original assets are locked up for securing network services. Source
Bitcoin (BTC) Price Hovers Over $46K as Year of ‘Long’ Begins, Easing ETF Selloff
“Bitcoin rose above its 50-day moving average late Wednesday, confirming the bullish medium-term trend and easing fears of a deeper correction,” said Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “On a weekly basis, bitcoin and the broader crypto market have gained strength after a long period of consolidation and are now poised to make new highs.” Source
Bitcoin Breaches $46,000, Eyes $50K As Bullish Sentiment Returns
For the first time since the spot ETFs’ debut trade on January 11, Bitcoin (BTC) has surpassed $46,000. According to data from Coingecko, BTC had increased 3.4% in the previous day to $46,075 at the time of publication, maintaining a 6% increase over the previous seven days. Bitcoin Flexes Muscles, Reclaims $46K Level Despite the approval of several eagerly awaited exchange-traded funds that were meant to strengthen its institutional legitimacy, Bitcoin’s 2024 has had a rough start. However, things are improving as Bitcoin is now again trading above the $46k…
ADA Price Is Primed For A Rally And Only 1 Thing Is Holding It Back
Cardano (ADA) is attempting a fresh increase from the $0.4720 zone. ADA could start a fresh rally if there is a close above the $0.5350 resistance. ADA price is moving higher above the $0.500 zone. The price is trading above $0.512 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.510 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could accelerate higher if there is a clear move above $0.535 and $0.550.…
Ethereum Price Consolidates While Bitcoin Surges, Can ETH Follow BTC Later?
Ethereum price is consolidating gains above $2,400. ETH could start a major increase if there is a clear move above the $2,460 resistance. Ethereum is consolidating gains below the $2,460 resistance zone. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $2,435 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a close above the $2,460 and $2,480 levels. Ethereum Price Aims Higher Ethereum price…
Bitcoin Price Climbs To $46K, Uptrend Could Extend To $48K?
Bitcoin price is gaining pace above the $45,500 resistance. BTC tested $46,000 and could extend its rally toward the $48,000 resistance. Bitcoin price climbed higher above the $44,500 and $45,000 resistance levels. The price is trading above $45,000 and the 100 hourly Simple moving average. There is a key connecting bullish trend line forming with support at $45,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $46,000 resistance zone. Bitcoin Price Jumps 5% Bitcoin price…