Day: February 26, 2024

Bitcoin leads digital asset funds in 4th straight week of inflows

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Bitcoin-backed funds from the U.S. ushered most of $598 million in digital asset investment product inflows last week. Crypto-based investment vehicles have recorded their fourth consecutive week of inflows, totaling over $5.7 billion for the year, putting 2024’s assets under management (AUM) at roughly 55% of 2021’s output, a year of record digital asset product inflows and the peak of crypto’s previous bull cycle.  According to a CoinShares report, the U.S. continued to lead regional inflows with spot Bitcoin (BTC)  ETFs drawing huge demand, but exits from Grayscale dampened overall…

Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Here’s When

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Dogecoin has been in the spotlight lately after a notable uptick in the usage of its network over the last month. However, this adoption has not translated to any notable increase in the asset’s price, prompting speculations of a delayed breakout for the meme coin. Crypto Analyst Says Dogecoin Could Breakout Soon Even as Dogecoin continues to put on a lackluster performance, it has not shaken the bullishness of investors. One of the analysts who believe that the DOGE price is destined for great things is crypto analyst Ali Martinez,…

XRP Forms Buy Signal, Analyst Predicts Surge To This Target

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An analyst has explained that the XRP price has formed a buy signal that may lead to the cryptocurrency surging up to this target. XRP Weekly Price Has Formed A TD Sequential Buy Setup In a new post on X, analyst Ali discussed how the weekly price of XRP has recently shown a TD Sequential buy signal. The “Tom Demark (TD) Sequential” refers to an indicator in technical analysis that’s generally used for pinpointing locations of probable tops and bottoms for any commodity’s price. The TD Sequential has two phases.…

Bitcoin (BTC) ETF Volume Data Can be Misleading

The spot bitcoin ETF group as a whole has seen a turnover ratio of 5.3%, said Cipolaro, with Valkyrie (BRRR) and Grayscale’s GBTC seeing the lowest rates at 2.2% and 2.4%, respectively. At the high end is Ark 21 (ARKB) at 11.3%. He also took note of an upside outlier, WisdomTree’s (BTCW), the smallest of the spot ETFs with just about $30 million in AUM, during one five-day period experienced a turnover ratio of 205%. Source

OpenSea faces backlash after delisting NFT Pass from Fractional Uprising

OpenSea, the leading NFT marketplace, recently removed the Ethereum NFT pass associated with the Fractional Uprising project, citing a violation of its policies against securities and options.  According to reports from Decrypt, the team behind Fractional Uprising disputes the claim, asserting that their NFT does not constitute a security offering. In a recent tweet accompanied by a video clip, Fractional Uprising expressed dissatisfaction with OpenSea’s decision to disable their collection, noting that while their project remains visible on the platform, trading and listing functionalities have been suspended. Three weeks after…

Craig Wright’s Former Lawyers Say Emails Shared by Wife Are Fake as COPA Trial Heats Up

The emails between Wright and his former representatives at Ontier became part of the trial after the self-proclaimed bitcoin inventor referenced them while he was under cross-examination last week. The emails were then shared by Wright’s wife Ramona Watts with his current counsel at London law firm Shoosmiths, who in turn reached out to Ontier to confirm their accuracy. Source

Strong Activity and Improved Liquidity Keeps Bitcoin Above $50,000 – Blockchain News, Opinion, TV and Jobs

By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ). Bitcoin (BTC) concluded the week at approximately $51,725, indicating a slight 0.8% decline from the prior week’s closing price of about $52,150. The week was characterized by relatively low volatility, with prices maintaining stability between approximately $53,000 and $50,500, marking a range of around 4.7%. The peak trading value of $52,985 was recorded on Tuesday. The focus remains on BTC Spot ETFs, which continue to demonstrate robust momentum. However, a net outflow was observed for the…

Crypto Analyst Unveils Ultimate Altcoin Buying Guide

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Michaël van de Poppe, a renowned crypto analyst and the CEO of MN Trading Consultancy, recently took to X (formerly Twitter) to share his insights on a perennial challenge in the cryptocurrency market: how to strategically enter the altcoin market without falling prey to the pitfalls of FOMO and market hype. His guide, dubbed “The Ultimate Strategy to Step into Altcoins,” aims to arm investors with the knowledge to make informed decisions. Crypto Guide: When To Buy Altcoins Van de Poppe opens his discussion by framing the issue as a…