Tag: Market

Market Data Hints At 500x XRP Rally In Upcoming Altcoin Season

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Este artículo también está disponible en español. According to market analysis, XRP might be near to having a significant price blowup. The next altcoin season could go anywhere from 10x to the amazing 500x, experts believe. Two important charts by renowned market analyst Kevin Cage on XRP’s relationship with Bitcoin’s supremacy in past bull markets form the basis of this favorable prediction. The Last 2 Times $XRP Pumped Was during the previous 2 Alt Seasons when #Bitcoin was drawing higher highs first. 2017: Over 500X (over 300x with Monthly Candle…

Bitcoin (BTC) Recedes to $67K as Crypto Market Sees Slight Dip

Bitcoin pulled back to $67,000 throughout the Asian and European mornings, showing signs of a consolidation following Wednesday’s jump above $68,000. BTC was about 0.7% lower in the last 24 hours as of the late European morning, trading just above $67,000. Other major tokens showed similar minor retracements, with the broader digital asset market dipping 1%, as measured by the CoinDesk 20 Index. For the time being, bitcoin appears to have avoided an outright rejection following its move above $68,000 on Wednesday and is instead taking a breather, as traders…

Crypto market enters ‘greed’ zone as Bitcoin hikes further

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The crypto market sentiment is seeing a major shift as leading digital assets continue their bullish momentum. According to data provided by CoinMarketCap, the crypto fear and greed index entered the 60 zone today, signaling slightly greedy market conditions. BTC price and crypto fear and greed index – Oct . 17 | Source: CoinMarketCap This is the first time the crypto market has hit the greed zone in six weeks—last seen on July 31. The major drop happened in early August as the Bitcoin (BTC) price plunged below the $54,000…

Crypto Venture Capital Market is Tepid

Some sectors of the crypto ecosystem saw more interest than others. Crypto exchanges, lending, investing and trading platforms raised 18% of VC capital, over $460 million. Layer 1 projects came in next, at roughly $440 million, then Web3/Metaverse projects, at about $360 million, then infrastructure projects at $340 million. Meanwhile, projects combining crypto and artificial intelligence (AI) took in about $270 million – five times more than in the previous quarter, Galaxy said. Source

Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP

Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity, […] Source CryptoX Portal

Litecoin rallies 11% amid spot ETF application and improving market sentiment

Litecoin surged to its two-month highs following the news of a spot Litecoin ETF filing with the U.S. Securities and Exchange Commission. Litecoin (LTC) rose 7.2% over the last day, exchanging hands at $71.52 on Wednesday, Oct. 16, its highest price seen since the end of July. LTC 24-hour price chart – Oct. 16 | Source: crypto.news This recent rally reflects a 15% increase from its monthly low, with Litecoin’s market capitalization growing from $4.6 billion on Oct. 3 to over $5.36 billion at the time of writing. The upward…

Institutions Pile Into Bitcoin As Retail Sells—A Bullish Signal For The Market?

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Este artículo también está disponible en español. As Bitcoin continues its journey toward recovery, recent market activity has revealed an interesting shift in investor behaviour. According to a CryptoQuant analyst known as caueconomy, institutional investors are quietly accumulating Bitcoin as retail traders reduce their positions. This observation was shared in a post on the CryptoQuant QuickTake platform, highlighting a growing trend where whales—large investors—are buying up Bitcoin from smaller, more “impatient investors.” Related Reading Retail Traders Exit While Whales Accumulate The analyst explained in the post disclosing that, in the…

MiCA Spurs Major Shift in Euro Stablecoin Market, Kaiko Analysis Shows

The European Markets in Crypto-Assets Regulation (MiCA) has made a noticeable impact on the euro stablecoin landscape, according to a fresh report by Kaiko. The research points out that MiCA’s rollout has triggered several delistings and adjustments to offerings on major exchanges. Study: Euro Stablecoin Market Transformed by MiCA Three months into MiCA’s enforcement, the […] Source CryptoX Portal