Day: March 6, 2024

Vitalik Buterin’s ENS Address Trades $100K Worth of ETH for Stablecoins Amid Market Uptick

According to blockchain analytics, the Ethereum Name Service (ENS) domain “vitalik.eth” has engaged in a transaction of $100,000 worth of ether, converting it into an equal amount of stablecoins on the Base blockchain. The address, purportedly belonging to Ethereum’s co-founder Vitalik Buterin, currently possesses 955.58 ether, estimated at $3.64 million. ‘Vitalik.eth’ Wallet Makes Strategic $100K […] Source CryptoX Portal

BlockFi Settles With FTX, Alameda Estates for $874.5M

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Cardano Dips: Is Now The Perfect Time To Buy ADA Before The Next Mega Rally?

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Following a sharp decline in Cardano (ADA) value, which occurred in tandem with Bitcoin’s withdrawal from its latest all-time high (ATH) of $69,328, Dan Gambardello, a crypto analyst, has recently weighed in on the implications of this pullback for the broader bull market. Particularly Gambardello views this development positively, suggesting it mirrors historical patterns that could signal a strengthening market for ADA. Cardano’s Price Action And Bull Market Indicators Dan Gambardello, a prominent figure in crypto analysis, elaborated on ADA’s recent price action, comparing it to the altcoin’s behavior in…

Can ETH Target $4,500 Next?

Ethereum’s price continues to advance towards $4,000 despite market-wide liquidations and the U.S. SEC postponing a decision on Blackrock and Fidelity ETH ETF filings.  Ethereum traders have doubled bullish positions despite a major setback to institutional participation on the pioneer smart contract network and intense market volatility recorded on Mar. 6.  Market analysis explores how this show of conviction among speculative traders could impact the ongoing ETH price rally in the near-term.  Ethereum price reclaims $3,900 despite bearish headwinds Ethereum’s price rose 9%, soaring from $3,500 to a peak of…

Bitcoin Short-Term Holders Panic Capitulate $2.6 Billion In BTC Crash

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On-chain data shows that Bitcoin short-term holders have panic sold $2.6 billion worth of coins in the crash following the new all-time high. Bitcoin Short-Term Holders Have Sent Huge Volume In Loss To Exchanges As analyst James V. Straten explained in a new post on X, Bitcoin short-term holders have shown signs of capitulation during the latest drop in the cryptocurrency’s price. The “short-term holders” (STHs) refer to the BTC investors who bought their coins within the past 155 days. The STHs make up one of the two main divisions…

Bitcoin ETFs surpass traditional assets, MicroStrategy expands to $700m investment

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MicroStrategy CEO Michael Saylor sees Bitcoin ETFs outpacing gold and rivaling the S&P 500, with the company preparing a $700 million Bitcoin investment. “We thought that maybe Bitcoin was a competitor to gold, but it has actually run up the leaderboard, and now it’s starting to nip at the heels of the S&P 500 Index ETFs,” Saylor said. According to the MicroStrategy chief executive, Bitcoin ETFs could soon outperform gold ETFs, traditionally the largest commodity ETFs in the United States. Michael Saylor: #Bitcoin ‘Gold Rush’ 2024-2034: The era of mass…

Crypto Analyst Predicts XRP Price To Break Out Of Bull Pattern, Here Are The Targets

Crypto analyst World of Charts mentioned that the XRP price is set to experience a significant breakout, which means that the crypto token could soon make a run of its own. Based on the analyst’s prediction, XRP could see its price triple when that happens. How XRP Price Could Rise To $3 As highlighted by World of Charts, XRP has experienced a “very long consolidation of “symmetrical triangle“, but that could change as the 3-day timeframe suggests that a breakout will occur soon enough. The analyst predicts that XRP will…