Month: February 2024

Ethereum Tops $3000, But ‘Is Detached From Reality’: Expert

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The Ethereum (ETH) price has crossed the $3,000 threshold for the first time since April 2022 yesterday. However, amidst the celebratory fireworks in the crypto community, Fred Krueger, a renowned Bitcoin ETF expert, has voiced a starkly contrasting opinion. Krueger, a Wall Street veteran and prop trader, took to X (formerly Twitter) to express his skepticism about the current valuation of ETH, stating, “ETH is completely detached from reality.” Why Ethereum Is “Completely Detached From Reality” Krueger’s comments come at a time when the crypto market is witnessing a resurgence…

Crypto Super PAC Fairshake Raises $4.9M From Winklevoss Twins: Report

The Winklevoss twins, who are co-founders of crypto exchange Gemini and heavyweight bitcoin (BTC) investors, were initial investors in Fairshake, revealed in the first announcement on Dec. 18, 2023. The Winklevoss’ join a list of high-profile crypto investors backing the Super PAC, such as Andreessen Horowitz (a16z), ARK Invest, as well as crypto companies like Circle, Ripple, Coinbase (COIN) and more. Source

Starknet’s STRK Drops 53% Amid Token Issuance Criticism

A large part, 50.1% of STRK’s supply, has been allocated to the Starknet Foundation for community airdrops, grants and donations. 24.68% of STRK’s total supply will be distributed to early contributors and investors, while 32% has been assigned to developer StarkWare’s (its developer) employees, consultants and developer partners. Source

MicroStrategy CEO Michael Saylor abandons plans to sell Bitcoin

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MicroStrategy CEO Michael Saylor has no plans to sell any Bitcoin (BTC) on the company’s balance sheet. In an interview with Bloomberg TV, Saylor noted that Spot ETFs had opened the gates for institutional capital to flow into the BTC ecosystem and that this type of fund contributes to the digital transformation of capital. “Every day, hundreds of millions of dollars of capital is flowing from the traditional analog ecosystem into the digital economy.” Michael Saylor, MicroStrategy CEO Bitcoin’s value, currently just over a trillion dollars, rivals asset classes such…

Cryptocurrency Exchange Bitget Eyes Latam Expansion

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Bitget, a top 15 cryptocurrency exchange, is seeking to expand its operations in Latin America, a market traditionally dominated by incumbents like Binance and Bitso. Maximiliano Hinz, Bitget’s growth director for Latam, believes that the exchange can differentiate by focusing on serving beginner investors with tools like its copy-trading feature. Bitget Aims to Gain Traction […] Source

Tron Price Prediction: TRX Silently Grinds Higher, $0.18 Next?

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Tron price is gaining pace above the $0.120 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.140. Tron is moving higher above the $0.122 resistance level against the US dollar. The price is trading above $0.1350 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.165 or even $0.180. Tron Price Regains Strength…

Bitcoin Price Sits In Range With Sharp Moves, $50K Is The Key

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Bitcoin price spiked toward the $53,200 resistance. BTC is trading in a major range and still holding gains above the $50,000 support zone. Bitcoin price is struggling to clear the $52,500 resistance zone. The price is trading below $52,400 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $52,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip toward the $51,600 support before it attempts a fresh increase. Bitcoin Price Holds Ground Bitcoin price…