Day: February 15, 2024

XRP Price Alert: Breakout Could Confirm Today

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The XRP price has been in a downtrend since mid-November 2023. However, the XRP bulls seem to be taking control again if the following happens. An analysis of the 1-day chart of XRP/USD reveals that a potential price breakout is imminent. As of February 15, 2024, the price indicates an uptick in bullish momentum, with the pair currently trading at $0.55335, marking a 4.1% increase in the last 24 hours. A closer inspection reveals that XRP is challenging two critical resistance levels. XRP Price Needs To Break These Levels First,…

Bitcoin Is Back, Back, Back, Baby

Take a look at the frontpage of CoinDesk today and you could be forgiven for thinking our site is all about Bitcoin. Just look at the headlines: BTC is above $50k. Options traders are betting on $75,000. Bitcoin’s market cap is back above $1 trillion. Bitcoin ETFs have accumulated $11 billion since being approved in the U.S. in January. The Fear and Greed Index, a measure of market sentiment, is in “extreme greed” territory, its frothiest moment since BTC’s all-time high in September 2021. Bitcoin is even a campaign meme.…

Saylor’s MSTR BTC Bet Profit Tops $4B

According to the company’s most recent investor presentation, MicroStrategy at the end of January held 190,000 bitcoins purchased for a total of $5.93 billion, or $31,224 per coin. MicroStrategy began acquiring bitcoin in the second quarter of 2020, and has purchased additional tokens every quarter since. In December last year, the company was sitting on a profit of nearly $2 billion, but that’s since doubled thanks to bitcon’s more than 20% rally since the start of 2024. Source

First Mover Americas: Crypto Remains Resilient as Japan, UK Slip Into Recession

CryptoX – Cryptocurrency Analysis and News Portal The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 15, 2024. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source The post First Mover Americas: Crypto Remains Resilient as Japan, UK Slip Into Recession appeared first on CryptoX. CryptoX Portal

Bitcoin Rise To $52,000 Masks Pitfalls Ahead, Analyst Warns

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Crypto analyst Justin Bennett has laid out a bearish narrative for the flagship crypto token Bitcoin. Based on his analysis, Bitcoin will likely drop below the $50,000 level again before it moves further to the upside.  Bitcoin Could Drop Back To As Low As $47,000 In an X (formerly Twitter) post, Bennett mentioned that the price range between $47,000 and $49,000 “is the land in the sand” for Bitcoin. This statement came from his belief that the crypto token will soon see a price retracement. He also reminded his followers…

Crypto Money Laundering Dropped 30% Last Year, Chainalysis Says

Chainalysis said $22.2 billion was laundered via crypto in 2023, down from $31.5 billion the year before. The drop was steeper than the decrease in transaction volumes, suggesting that factors beyond just the general market downturn may have contributed to the reduction in illicit activity. The figures suggest that only about 1% of all money laundering is carried out with crypto. The value of all illicit funds laundered is about $2 trillion a year, Deloitte wrote in a June 2023 report. Source

Last 4 Days Inflows Outpace Initial Weeks

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Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) are currently in the limelight as the products have seen massive net inflows in the past few days than in the initial weeks of introduction, dominating the market of crypto investment products. Bitcoin ETF Inflows Surges In The Last 4 Days Thomas Fahrer, the co-founder of Bitcoin tracking platform Apollo, took to the social media platform X (formerly Twitter) to share the development with the community. Fahrer pointed out that BTC spot ETFs are presently experiencing a “total acceleration” of inflows. Fahrer emphasized that…

NIST investigates security flaw in Binance trust wallet’s iOS app

The National Institute of Standards and Technology (NIST), an entity within the United States Department of Commerce, is currently scrutinizing a specific vulnerability in the iOS version of the Binance Trust Wallet application.  This examination centers on a security flaw that, if exploited, could potentially enable attackers to illicitly access and divert funds from users’ cryptocurrency wallets. The focus of the investigation is on how the application improperly utilizes the trezor-crypto library for generating mnemonic words, crucial for securing user funds, which ought to be authenticated at the entropy source…