Day: March 27, 2024

Crypto Analyst Reveals Next Target

The XRP price has largely left many of its enthusiasts feeling dissatisfied during this bull cycle, as it has failed to reach the $1 mark despite the bullish sentiment surrounding cryptocurrencies. However, crypto analyst EGRAG CRYPTO believes a $1 XRP price is still possible in this cycle, as he predicted a price surge in the near term. From this analyst’s technical perspective, recent price action has seen XRP forming a “W” pattern, making it ready for a massive push above $1. XRP Price Pattern Signals A Potential Massive Move XRP’s…

Goldman Sachs Says ‘Many of Our Largest Clients’ Getting Active in Crypto

Many of Goldman Sachs’ largest clients are ramping up their activity in the crypto space following spot bitcoin exchange-traded fund (ETF) approvals and BTC price recovery. “The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said Goldman Sachs’ Asia Pacific head of digital assets. Goldman Sachs’ Clients Getting Active […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Zircuit Launches ‘Build to Earn’ Program With Rewards for Devs

March 28: Zircuit, a fully EVM-compatible ZK rollup with parallelized circuits and AI-enabled security, launched its Build to Earn program on Wednesday to incentivize builders, founders and community members who contribute to the Zircuit ecosystem. Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit currently has over $700 million staked. According to the team: “Developers and ecosystem contributors who participate in the program stand to receive rewards for approved contributions.” Source

Bitcoin Next Stop $80,000? Crypto Analyst Sees BTC Soaring Ahead Of 2024 Halving

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As the crypto market braces for the upcoming Bitcoin (BTC) halving in April 2024, the discussion surrounding Bitcoin’s price trajectory has continued to gain momentum. Particularly, Michaël van de Poppe, a well-regarded figure in the crypto analysis domain, has shared his latest analysis on Bitcoin. Next Stop $80,000? In a post shared on X, Van de Poppe suggests that Bitcoin is on the cusp of a notable rise, eyeing a target range between $75,000 to $80,000 in the lead-up to the halving event. This prediction is based on the current…

DeFi Protocol Ethena (USDE) Plans to Airdrop Governance Token Next on April 2

Ethena’s USDe token, often referred to as “synthetic dollar,” offers steady yields to investors by using ether (ETH) liquid staking tokens such as Lido’s stETH as backing assets, pairing them with an equal value of short ETH perpetual futures position on derivatives exchanges to keep a “rough target” of $1 price. This is also known as a “cash and carry” trade, which harvests derivatives funding rates for a yield. Source

Bitcoin falls below $70k following Coinbase, SEC court ruling

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Bitcoin momentum has dwindled, and trades have returned to under $70,000, likely due to the Coinbase and SEC trials. Bitcoin (BTC) and the crypto market had high hopes earlier this week, but the upward trajectory has now halted and receded. At the time of writing, BTC is currently trading at $68,600. Meme coins, which have somewhat fueled this price rise, have also seemed to have died down, although trading volume on Solana and Base has been hitting all-time highs. Despite the price drop, analysts and notable figures still have high…

Deribit anticipates $15b in crypto options to expire this week

Crypto options exchange Deribit is poised for a record-breaking week with over $15 billion in options set to expire for Bitcoin and Ethereum. The statement highlighted that “over USD 15 billion in options notional open interest (OI) will expire this week,” marking a historic event in Deribit’s operational history. This Friday is poised to witness one of the platform’s largest expirations of options contracts. The expiration includes $9.5 billion in BTC options open interest out of $26.3 billion and $5.7 billion in ETH options open interest out of $13.2 billion,…