Day: February 12, 2024

Bitcoin Tops $49K as Spot ETF Inflows Accelerate

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Dual Sides of Shiba Inu: Market Resilience and Rebranding Challenge

CoinspeakerDual Sides of Shiba Inu: Market Resilience and Rebranding Challenge Shiba Inu’s Shibarium platform witnessed a significant surge, reflecting on its robust community engagement along with SHIB’s price stabilization. Shiba Inu’s Ambitious Rebranding Efforts and Surge In order to transcend its meme coin origins, Shiba Inu is making rebranding efforts aiming to establish itself as a more serious contender in the crypto space. This pivot towards enhancing real-world utility was started with the launch of Shibarium in August 2023, which is designed to improve Ethereum’s scalability. The platform has also…

BREAKING: Bitcoin Price Hits $50,000

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The Bitcoin price has experienced a significant surge, surpassing the $50,000 mark as Wall Street exchange-traded funds (ETFs) gained approval from the US Securities and Exchange Commission (SEC) on January 11.  This bullish momentum, coupled with increased ETF demand, has propelled Bitcoin into a fully-formed bull run just months ahead of the anticipated halving event, which is expected to further amplify the ongoing uptrend. Wall Street ETFs Drive Bitcoin Demand In a recent CNBC interview with Anthony Pompliano, it was revealed that Wall Street ETFs are buying approximately 12.5 times…

Bitcoin pushes past $49k as crypto liquidations exceed $135m

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Bitcoin has gained 16% in the past week and over 15% in the last 30 days, but price volatility still rocks leveraged crypto positions across the board.  While Bitcoin (BTC) exchanged hands above $49,000 on Feb. 12 following eight consecutive green days, cryptocurrency traders experienced sweeping liquidations in the past 24 hours.  According to CoinGlass, over $135 million was eliminated from crypto markets, represented by both long and short positions. Traders take long bets when they expect higher prices and, conversely, short bets when the prediction tilts toward lower ranges.…

Cardano and Solana slide, new presale project raises nearly $11m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After a strong weekly close, Cardano (ADA) and Solana (SOL) are down 3.35% and 2.68%, respectively. However, other coins remain on an uptrend. Notably, the Bitcoin Minetrix presale is approaching $11 million. ADA and SOL correct but uptrend remains The recent slowdowns for ADA and SOL may not be of much concern, according to experts. ADA is presently down 3.35% in the past 24 hours, and 6.14% this month…

ERC-404 Euphoria Push Ethereum Gas Fees To 8 Month High

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The new ERC-404 tokens have swiftly taken the spotlight, dominating the cryptocurrency market and consistently attracting interest from investors and traders. This surge in euphoria has led to a substantial increase in Ethereum gas fees, pushing costs to their highest levels in the past eight months.  Ethereum Gas Fees Skyrocket Ethereum gas fees have surged to record highs, reaching unseen levels since March 2023, when the average gas price peaked at 101.26 Gwei. The sudden spike in Ethereum gas prices has been attributed to the recent hype surrounding ERC-404 tokens,…