Day: March 4, 2024

XRP Price Set To Hit $1 In March: Crypto Analyst

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In a recent technical analysis update, the crypto analyst known as Dark Defender provided insights into the price movements of XRP against the US dollar. The analyst employs the Elliott Wave Theory to dissect the price movements of XRP. This approach, rooted in the psychological patterns of market participants, illustrates price trends through a distinct 5-3 wave cycle. This includes five waves following the primary trend direction and three corrective waves. According to Dark Defender, XRP is exhibiting an uptrend since January of 2023, undergoing an “ABC” correction phase from…

Digital Asset Markets Display Robust Momentum and Heightened Activity – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) wrapped up the week at approximately $63,100, marking a notable 22% surge from the previous week’s closing price of around $51,725. The week witnessed vigorous price action, particularly in the first half, as BTC experienced a substantial appreciation from Monday to Wednesday, peaking at $64,000 on Wednesday. Subsequently, the price stabilized in the latter half of the week, closing at about $63,100. As of the time of this writing, BTC has regained momentum and is currently trading above $65,000. The BTC Spot ETFs continue to exhibit strong momentum,…

Tether’s USDT surpasses $100b mark, sets new stablecoin record

Tether’s USDT stablecoin market cap exceeded the $100 billion mark today, setting a significant benchmark. As the first stablecoin to achieve this scale, USDT’s distribution has increased by over 9% from the beginning of the year, driven by a surge in demand for Bitcoin, which reached $66,000 today for the first time since November 2021. Tether’s position as the most frequently traded cryptocurrency worldwide has been cemented as part of the milestone. The peak in circulation reached $100.2 billion around 8:10 a.m. GMT on Monday, as per CoinGecko, though it…

CryptoQuant’s Bitcoin “Bull-Bear” Indicator Flags Price As Overheated

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The Bitcoin “bull-bear” indicator from the on-chain analytics firm CryptoQuant has recently flagged the cryptocurrency’s price to be “overheated.” Bitcoin May Be Overheated According To This Indicator As pointed out by CryptoQuant Head of Research Julio Moreno in a post on X, the BTC price has increased so fast that some on-chain indicators have started to signal a potential phase of overheating. The first metric of interest here is the Bitcoin Bull-Bear Market Cycle Indicator made by the analytics firm that tracks the various phases of bull and bear markets.…

Prometheum Taps Morgan Stanley Exec as CFO Just Before Opening Doors

It’s in that theoretical compliance where Prometheum is at odds with the vast majority of other crypto-native firms, who have long claimed the SEC makes it impossible to legally trade digital assets under the agency’s expectation that the sector follow existing securities laws. Most of the major crypto operations have fought or are still fighting the regulator in court over these questions, including the SEC’s insistence that most of the digital assets being traded by the industry are securities. Source

Bitcoin Will Reach A New All-Time High This Week, Matrixport Head Of Research Says

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Bitcoin saw an incredible month in February, adding over $18,000 to its value in a single month. This outperformance has now carried on into the month of March, which has seen the Bitcoin price cross the $65,000 mark for the first time since 2021. As BTC trades in the green, expectations remain that the performance will continue. Bitcoin Shows Strong Fundamentals In a new report shared with NewsBTC via email, the head of research at Matrixport, Markus Thielen, put forward that the Bitcoin price was headed for another all-time high…

Bitcoin’s Leap Past $65K Ignites Speculation of Qatari Billionaire’s Big Buy Post-Atlantis Conference

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Following bitcoin’s climb beyond the $65,000 mark, social media has been buzzing with discussions about the rumored acquisition of bitcoin by a billionaire from Qatar post the Bitcoin Atlantis conference in Madeira. A sighting of a Qatari jet at the airport subsequent to the Bitcoin Atlantis gathering has caught the public’s attention, with the shared […] Original