Cardano (ADA) has recently caught the attention of large-scale investors, also known as ‘whales.’ Crypto analyst Ali, leveraging on-chain data, has observed a significant uptick in large ADA transactions, typically over $100,000, in the past three months. Ali noted that this growing trend suggests a heightened interest from institutional players and high-net-worth individuals in ADA. The analyst further disclosed that such whale activities have often been precursors of imminent price movements. #Cardano | In the last three months, there’s been a significant increase in $ADA transactions over $100,000, reaching new…
Tag: Investors
ByBit sees BTC, ETH ‘flight’ of institutional investors to stablecoins
The cryptocurrency exchange ByBit released its 4th quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors. The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the exchange categorizes as anything other than the aforementioned digital assets. The survey suggests that the “flight” to “safer assets,” like stablecoins, in a bear market “might explain this risk-averse asset allocation from traders.” Nonetheless, institutional…
Ethereum Breaches $2,200, Investors Expect $3,000 This Week
The price of Ethereum (ETH) has risen sharply today, hitting a new 2023 high of $2,250 as the cryptocurrency market continued to trend higher toward a successful year-end. The recent strong upward trend in Ethereum aligns with Bitcoin’s continuous attempt to break above $41,000, which it did today. As of the time of writing, the price of bitcoin was $41.437. Analysts say the approval of a BlackRock spot ether instrument would result in an influx of institutional capital into Ethereum, the second-largest cryptocurrency network globally. Ethereum’s Price Surge The most…
BTC, ETH, NuggetRush are on investors’ watch list
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin price is set for a significant increase as halving approaches and approval for spot BTC ETF nears. Ethereum remains green on the chart, rising 13% in the past month. NuggetRush presale surges as investors clear out round 2, seeking better investment returns. Investors are constantly seeking to diversify their portfolios to amass profits. Tokens on most-watched cryptocurrency lists offer different opportunities, some better for the short term and others…
Crypto investors are falling into a trap: analyst
In a recent video, the analyst behind the popular Crypto Banter channel warned viewers that crypto investors are currently falling for “one of the biggest traps ever.” However, he also outlined a scenario in which Bitcoin could be on the cusp of a major breakout. It’s the oldest trick in the book. […] I’m gonna outline why you should not fall for that trap and how you can identify what it may look like. The potential trap relates to the relative strength index (RSI), a technical indicator that measures the…
5 crypto presales investors can explore in 2024
As crypto gears up for what experts expect to be a bullish 2024, pinpointing potent projects can be daunting. This article highlights five cryptos investors can look at next year. Ranking is based on factors such as use cases, market trends, tokenomics, and expert opinions. Meme Kombat Meme Kombat combines meme coins with GambleFi, allowing users to bet on AI-generated battles featuring popular meme characters like PEPE and Dogecoin (DOGE). MK is the platform’s native token. Additionally, Meme Kombat has a staking mechanism where users can lock their tokens for rewards. The…
8 micro and low market cap cryptos investors can consider in 2024
With over 10,000 cryptocurrencies, finding potential hidden gems poses a significant challenge. However, a select few micro and low market cap cryptos have recently shown impressive development activity that may support growth in 2024. This article will analyze eight low cap cryptos whose fundamentals and utility appear solid. 1. Bitcoin ETF Token (BTCETF) Bitcoin ETF Token aims to capitalize on the excitement surrounding the approval of a spot Bitcoin ETF in the United States. It has a deflationary model, with milestone token burns tied to ETF progress. For example, 5%…
CME Bitcoin futures show investors betting on $40K BTC price
The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance’s BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin’s potential to break above the $40,000 mark in the short term. CME Bitcoin futures open interest, USD. Source: Coinglass CME’s current Bitcoin futures open interest stands at $4.35 billion, the highest since November 2021 when Bitcoin hit its all-time high of $69,000–a clear indication of heightened interest,…
Institutional Investors Pour $346 Million Into Crypto
Crypto investment products have experienced another week of inflows, bringing the run to nine consecutive weeks of inflows. According to CoinShares’ latest report on digital asset investment funds, inflows into crypto products totaled $346 million last week, with some cryptos receiving more investments than others. With last week’s numbers, the total value of inflows into crypto investment funds this year now stands at $1.663 billion. Overview Of Institutional Investment In Crypto This Week Although volatile and still in its nascent phase, the crypto market has attracted its fair share of…
Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so far this year. This brings the company close to its valuation from before the massive crypto crash of 2022. Last year’s cryptocurrency decline started with the implosion of TerraUSD, a so-called “stablecoin” whose value was…