The Avalanche Foundation has disclosed the first set of community coins, also called meme coins, in which the institution has invested under its $100 million Culture Catalyst fund launched in 2022. Coq inu, gecko, kimbo, nochill, and tech are the first five currencies that are part of the foundation’s holdings, and more might be chosen […] Source CryptoX Portal
Solana (SOL), the high-speed blockchain darling, has entered a tug-of-war between technical indicators flashing red and a market sentiment surging with exuberance. This paradox leaves investors wondering: is a price correction imminent, or is Solana poised for a major breakout? Solana Faces Technical Headwinds Technical analysts are raising red flags. Ali Martinez, a prominent analyst, identified a sell signal on Solana’s daily chart using the TD Sequential indicator. This indicator has a haunting history with SOL, preceding price drops of 17% to 28% in the past. Based on this historical…
The Bitcoin (BTC) market has been on a wild ride recently, hitting a new all-time high (ATH) before experiencing notable volatility that resulted in an 8% drop to the $65,500 level on Friday. Meanwhile, Marathon Digital, one of the largest US-based Bitcoin mining companies, is preparing to acquire more power infrastructure and streamline operations to meet the challenges posed by a reduction in revenue due to the upcoming April halving event. Bitcoin Miners Brace For Post-Halving Shakeout According to a Bloomberg report, Marathon Digital plans to acquire additional power infrastructure…
Two U.S. senators have urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to refrain from approving additional crypto exchange-traded fund (ETF) applications. The lawmakers cautioned: “However vulnerable bitcoin may be to fraud and manipulation, markets for other cryptocurrencies are far more exposed to misconduct.” Lawmakers Say SEC Should Not Approve Spot Crypto ETFs […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum and Solana showcase market resilience with positive gains, while newcomer KangaMoon excites investors with a 125% ROI from its presale. Bullish sentiment dominates the crypto market, shining the spotlight on top crypto coins like Ethereum (ETH), and Solana (SOL), alongside a new market entrant, KangaMoon (KANG). KangaMoon’s ongoing presale has particularly been a remarkable success, quickly selling out its initial two phases and generating a significant 125% return…
Bitcoin’s futures market is showcasing signs that have historically signalled bullish sentiment. Analysts are turning their attention to the Bitcoin futures basis—a metric representing the differential between the futures price of Bitcoin and its spot price. Recent data has revealed that this basis has escalated to unprecedented levels since Bitcoin’s all-time high of $69,000 in November 2021. Bullish Indications From Bitcoin Futures Deribit’s Chief Commercial Officer, Luuk Strijers, has highlighted the current state of the Bitcoin futures basis, which ranges between 18% to 25% annually, a rate reminiscent of the…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In recent market movements, Pepe and Bonk experienced downturns amidst a broader crypto market decline, raising questions about their recovery prospects. Meanwhile, Dogecoin20, a new meme token, has caught attention with its rapid fundraising, signaling potential growth. Pepe and Bonk have had solid performances over the past few days. Pepe saw a surge of over 240% in the past two weeks, while Bonk saw a 50% increase during the…
In a recent report by market intelligence firm Chainalysis, it has been revealed that global crypto gains in 2023 amounted to a staggering $37.6 billion. This profit surge reflects improved asset prices and market sentiment compared to 2022. Although this figure falls short of the $159.7 billion gains witnessed during the 2021 bull market, it signifies a significant recovery from the estimated losses of $127.1 billion experienced in 2022. Sharp Surge In Crypto Gains The report suggests that despite similar growth rates in crypto asset prices in 2021 and 2023,…
Galaxy Digital CEO Michael Novogratz says he doesn’t believe the price of bitcoin will fall back down to the $50K-$55K level. “I think that’s the new floor unless something dramatic happens,” he described. “This has been a wild ride of an asset,” he added, noting that we’re in price discovery mode and if you look […] Original
The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits increased 2.4 times. At the same time, Arkham platform analysts have different data. They reported that the address, which allegedly belongs to the U.S. authorities, stores 215,245 BTC, which amounts to about $14.8 billion…