Month: February 2025

Solana Whale Breaks Silence, Moves Over 61,000 SOL In Massive Pullout

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Este artículo también está disponible en español. The cryptocurrency community is speculating about a potential Solana (SOL) price explosion. Adding to this speculation? Recent large-scale SOL purchases by affluent investors, or “whales,” and market analysts’ optimistic forecasts. Related Reading Whales Spring Back To Life: Bullish Sign? The lifeblood of crypto analysis, on-chain data shows an interesting tendency: Two once dormant “smart money” addresses have sprung alive and each is grabbing large amounts of SOL. Identified as “GJwCU,” one of these whales re-emerged to collect 30,901 SOL tokens, a cool $6.24…

Bitpanda Secures FCA Approval to Expand Operations in the UK

Bitpanda has secured approval from the UK’s Financial Conduct Authority (FCA) to operate in the United Kingdom, marking a significant regulatory milestone for the European cryptocurrency platform. This approval, along with a recently obtained MiCAR license, allows Bitpanda to expand its offerings in the UK, which include a range of crypto products such as staking, […] Source CryptoX Portal

Cardano Could Move Up To $0.83 If Momentum Holds – Can ADA Sustain A Breakout?

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Este artículo también está disponible en español. Cardano has faced significant volatility and selling pressure, mirroring the struggles of the broader crypto market as it searches for strong support. Since early December, ADA has seen its price plummet by over 61%, with bears dominating the trend and bulls unable to reclaim momentum. Despite the challenging environment, Cardano has shown signs of recovery, experiencing a 15% breakout yesterday that has pushed the price to a critical level. Related Reading This breakout offers a glimmer of hope for investors, but ADA must…

Bahrain’s Central Bank Set to Unveil Stablecoin Issuance Rules

Bahrain’s central bank is developing regulations for stablecoins to reduce transaction costs and increase financial access. Making the Digital Asset Space Safer Bahrain’s central bank is drafting regulations on stablecoin issuance, the Middle Eastern country’s Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa recently disclosed. Once enacted, the stablecoins are expected to […] Source CryptoX Portal

Shiba Inu Price Eyes 250% Surge Amid Falling Wedge Breakout

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Este artículo también está disponible en español. Recent analysis reveals that the Shiba Inu price has formed a Falling Wedge pattern and is on the verge of breaking above it. Technical indicators suggest that SHIB could embark on a massive rally once this breakout occurs, as analysis predicts a price surge of over 250% in the coming months.    Shiba Inu Price Gears Up For 250% Rally  Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, is showing signs of a potential breakout to the upside. A crypto analyst identified…

Solana Application Revenue Skyrockets to $840M in Q4 2024

Much of the revenue was generated in November which topped $367 million or nearly $100 million more than the revenue generated in the entire previous quarter. Application Revenue on Solana Shoots up 213% Several so-called “Ethereum Killers” like Cardano and EOS have come and gone, but thus far, only Solana has given the “world computer” […] Source CryptoX Portal

Bitcoin Bull Run Over? Fed Chair Powell Just Killed QE Hopes

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Este artículo también está disponible en español. In his testimony on Tuesday, Federal Reserve Chair Jerome Powell dampened hopes for another round of quantitative easing (QE), reiterating that “QE is a tool we only use when rates are already at zero” and that the Fed remains “a long ways away from ending QT.” This stance challenges the notion that a quick pivot to aggressive easing might buoy Bitcoin and the entire crypto market as it did in past cycles. End Of The Bull Run For Bitcoin And Altcoins? Macro analyst…

Bitcoin Price Analysis: Bulls vs. Bears—Who Will Dominate the Next Move?

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Bitcoin traded between $96,992 and $97,447 over the last hour on November 25, 2024, with a market capitalization of $1.92 trillion, a 24-hour trade volume of $47 billion, and an intraday price range spanning $94,119 to $97,577, reflecting a period of consolidation amid broader market uncertainties. Bitcoin Bitcoin‘s one-hour chart indicated short-term consolidation between $94,500 […] Original

Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow

Ethereum tokens to the tune of 224,410 were pulled out of exchanges in the last 48 hours, causing a huge wave of withdrawals that have rocked the cryptocurrency scene. According to Santiment data, the massive exodus that took place on February 8 and 9 represents the largest net outflow in almost two years. Analysts and market observers have taken notice of this big movement of digital assets, which has led to a great deal of conjecture about the future of the second-largest cryptocurrency in the world. The Raw Numbers Behind…

State Bitcoin bills could trigger 247k BTC purchase if enacted

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A new analysis by VanEck suggests that 20 state-level Bitcoin reserve bills, if enacted, could lead to $23 billion in Bitcoin purchases, equivalent to 247,000 BTC. This estimate excludes potential pension fund allocations, which could further increase demand if lawmakers advance these proposals. Matthew Sigel, VanEck’s head of digital asset research, shared the findings on X, highlighting the growing interest among U.S. states in holding Bitcoin as a reserve asset. These bills, introduced in various legislatures, propose that states allocate a portion of their reserves to Bitcoin (BTC). We analyzed…