Day: December 30, 2024

Ethereum Stays Within Symmetrical Pattern – Analyst Sets ETH Target

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Este artículo también está disponible en español. Ethereum (ETH) is currently trading around $3,400, showing signs of indecision as it fails to establish strong support above this critical level. Recent price action reflects a lack of conviction among traders, leaving the market in a state of flux. Despite this uncertainty, Ethereum has managed to hold above key support zones that could act as a launchpad for a potential rally to new highs. Related Reading Top crypto analyst Carl Runefelt recently provided technical insights into Ethereum’s price movement, noting that ETH…

Analyzing Previous Trends And Why A 1,500% Rally Is Possible

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Este artículo también está disponible en español. The cryptocurrency market has been running through a period of consolidation over the past seven days, with notable corrections observed in both Bitcoin and Dogecoin. Bitcoin, after hitting an all-time high of $108,135 on December 17, has seen a retracement towards $93,000. Similarly, Dogecoin has faced pressure, dipping from its recent highs near $0.48 to settle just above $0.30 at the time of writing. According to technical analysis of both cryptocurrencies, an interesting correlation has emerged that points to Dogecoin surging to $5…

Tether adds $700m Bitcoin to reserve address

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Tether, the issuer of $140 billion stablecoin leader USDT, increased its Bitcoin holdings by $700 million. Tether added 7,629 Bitcoin (BTC) alued at approximately $700 million to its corporate crypto reserve address on Dec. 30, according to transaction data from on-chain insight provider Arkham. The (USDT) stablecoin operator now holds 82,983 BTC, worth $7.7 billion at current Bitcoin prices of $92,300. It also holds $6 billion of its U.S. dollar stable token and less than $300 million in its other stablecoins and Crypto.com’s CRO token. In May 2023, Tether announced…

Top Crypto Assets For Q1 2025: Grayscale Reveals Best Altcoins

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Este artículo también está disponible en español. Grayscale Investments has published its quarterly review, unveiling its top 20 crypto assets for Q1 2025. Each quarter, the Grayscale Research team evaluates “hundreds of digital assets” to guide the rebalancing of the FTSE/Grayscale Crypto Sectors family of indexes. In the words of the research note, “Our approach incorporates a range of factors, including network growth/adoption, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and potential tail risks.” The newest additions to the top 20 list are guided by three main…

Microstrategy Buys 2,138 BTC: Saylor’s Billion-Dollar Bet Shows No Signs of Slowing

On Monday, while bitcoin (BTC) prices hovered between $92,850 and $93,150 over the last hour, Microstrategy founder Michael Saylor took to X to share that his firm snagged 2,138 BTC for $209 million at $97,837 each. Since 2020, Microstrategy has steadily accumulated bitcoin, making it the largest publicly traded company (excluding ETFs) to hold BTC […] Source CryptoX Portal

AI Companions, AGLD, Acala prices rise as Bitcoin drops below $93k

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Cryptocurrencies like Ai Companions, Adventure Gold, and Acala were among the best-performing cryptocurrencies on Monday. AI Companions (AIC), which is developing a platform for virtual companionship, rose for the second consecutive day, reaching a high of $0.1727—its highest level in over a week. AIC’s surge is attributed to ongoing momentum in the artificial intelligence sector and the anticipated growth of the virtual companionship industry, which is expected to get to $9.5 billion in 2032. I posted about $AIC a few months back, the team are still building. Let’s take a…

Cardano Holds Crucial Support At $0.77 – Massive Rally Ahead?

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Este artículo también está disponible en español. Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since reaching a multi-year high of $1.32 in early December. This significant decline reflects the broader market uncertainty, with increased selling pressure and cautious investor sentiment weighing heavily on ADA’s price. Despite this, on-chain data suggests a shift in dynamics, hinting at a potential recovery for the embattled cryptocurrency. Related Reading Top analyst Ali Martinez has highlighted key metrics indicating whale accumulation in recent weeks, adding a layer of optimism to…