Month: February 2024

Bitcoin, Ethereum lead crypto in $145m liquidation day

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Bitcoin and Ethereum led cryptocurrencies in liquidations as over 54,000 traders saw leveraged positions wiped out, and the total market cap neared $2.1 trillion.  CoinGlass reported that over $145 million was liquidated from the crypto market in 24 hours across exchanges. As most traders anticipated lower prices, $91 million of these trades were registered as short positions.  However, the total cryptocurrency market cap rose 1.2% per CoinGecko and liquidated the downside bets. A $4 million Bitcoin (BTC) position in a USDT pairing made the single largest liquidation order. The trade…

Crypto Funds See Record $2.45 Billion Global Inflows in a Single Week: Coinshares

In an unprecedented surge, crypto funds around the globe registered record inflows totaling $2.45 billion last week, marking a significant uptick in investor interest. This influx has propelled the total assets under management (AUM) back to levels not seen since December 2021, signaling a strong resurgence in the crypto investment space. Record $2.45 Billion Inflows […] Source CryptoX Portal

Where Coinbase Canada Goes, so Does the World

To that end, Coinbase recently joined the Canadian Web3 Council, a multi-party non-profit organization that’s looking to loosen up recent legislative and regulatory initiatives in Canada that are currently driving crypto companies out of the country. In recent months, for instance, a number of exchanges have decided to pull out of Canada, including Binance, Bybit, dYdX, OKX, Paxos and Bittrex (the last of which has since declared bankruptcy), in direct response to “recent regulatory developments.” Source

Analyst Bullish On SOL, Time To Buy?

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Recently, renowned crypto analyst Altcoin Sherpa gave his positive outlook on Solana (SOL) in an X (former Twitter) post. The analyst reviewed the token’s recent behavior and shared his predictions for SOL’s performance. Wait For The 20% Dip Or Buy Now? In the X post, the pseudonym analyst suggested that the fifth cryptocurrency by market capitalization may see a bright 2024, surpassing the heights reached at the end of last year. The chart displays SOL’s recent behavior, starting in late December 2023 when the cryptocurrency reached its highest price since…

Crypto Analyst Reveals Why Shiba Inu Price Will Not Reach $1

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Despite witnessing recent price increases and moving forward with ongoing developmental projects in its ecosystem, cryptocurrency analyst Zack Humphries has declared that SHIB, the native token of the Shiba Inu ecosystem, will not “reach $1 anytime soon.”  Why Shiba Inu Will Not Hit $1 In a recent YouTube video, Humphries provided a compelling reason for why he believes that the price of SHIB will not reach the $1 milestone in the near future. The crypto analyst’s controversial statement is rooted in the belief that SHIB hitting $1, would position it…

Taproot Wizards Reveal Bitcoin’s Onchain Payment Struggles During $15M Sale

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Sending bitcoin onchain remains a poor payment experience despite the hype surrounding the leading crypto asset, according to Taproot Wizards founder Udi Wertheimer. In a recent post-mortem of a high-volume sale using bitcoin, Wertheimer detailed several pain points with onchain payments including long confirmation times, lack of payment amount enforcement, high fees, and insufficient Lightning […] Original

Bitcoin drives record $2.4b weekly digital asset investment inflows

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Bitcoin was a pacesetter as the U.S. dominated inflows to crypto-based products between Feb. 12 and Feb. 16, with 2024 YTD numbers hitting $5.2 billion. Digital asset investment vehicles took in $2.4 billion weekly, setting a record for weekly flows and returning assets under management (AUM) to levels last seen in December 2021 at the peak of crypto’s previous bull cycle. Total AUM rose to a 780-day high at $67 billion. CoinShares data showed that Bitcoin (BTC) and the U.S. accounted for about 99% of the week’s inflows, signaling demand…

Fetch.AI (FET) Prints Strong Bullish Signal, Targets 500% Spike

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In a new technical analysis, renowned crypto analyst Gert van Lagen forecasts a 500% surge in the value of Fetch.AI (FET), with a price target of $5.5. This bold prediction comes as the AI-centric cryptocurrency coin, FET, records a 12% increase over the past 24 hours and an impressive 45% gain over the last week. Currently trading with a momentum that correlates with the buzz around AI technology giant Nvidia, Fetch.AI is riding the wave of heightened interest as Nvidia approaches its Q4 2023 earnings release on February 21. Nvidia’s…

Solana and SEI surge as Rebel Satoshi gears up for DEX debut

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana and SEI surge on whale moves, while Rebel Satoshi gains investor focus. Rebel Satoshi has recently emerged as the top ICO, showcasing a remarkable 124% price surge during its presale. Meanwhile, Solana and Sei have experienced uptrends amid the overall market’s positive sentiments. Let’s delve into the current RBLZ, SOL, and SEI landscape to identify the best coin to invest in. Solana price prediction: top experts foresee uptrend…