Tag: Rally

Litecoin halving is 13 days away — So where is the LTC price rally?

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Bitcoin (BTC) is still almost a year away from its next block reward halving, but Litecoin (LTC) miners are already bracing for impact. In less than two weeks, Litecoin’s block subsidy will drop from 12.5 LTC to 6.25 LTC per block. Whales stock up on LTC — but BTC value stays weak Despite its fair share of controversy, Litecoin remains the 12th largest cryptocurrency by market cap at around $6.8 billion. Its miners currently rake in 7,200 LTC in block rewards daily, equal to a U.S. dollar value of around…

Bitcoin BTC Price Lingers Below $30K, While XRP Continues Its Rally

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In the “First Mover” interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes “are okay,” and that investors should already have priced in the company’s Q2 issues. “Folks should start looking at what’s coming up,” including next year’s bitcoin halving, “which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation,” he said, and described the…

Bitcoin rally will lead to “speculative blow-off top” in 2024, Mark Yusko predicts.

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BlackRock’s application for a Bitcoin ETF has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the CIO and Founder of Morgan Creek Capital.  “Based on Metcalfe’s law model, fair value for Bitcoin is around $55K. So I think we drift upwards toward that level”, said Yusko in a recent interview with Cointelegraph. “ After that, Yusko predicts, speculators will come into the market en masse pushing the Bitcoin price beyond…

Bitcoin rally will lead to “speculative blow-off top” in 2024, Mark Yusko predicts

BlackRock’s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the chief investment officer and founder of Morgan Creek Capital.  “Based on Metcalfe’s law model, fair value for Bitcoin is around $55K. So I think we drift upwards toward that level,” said Yusko in a recent interview with Cointelegraph. After that, Yusko predicted, speculators will come into the market en masse, pushing the…

XRP ruling triggers crypto rally, SEC accepts bitcoin ETFs, Binance’s woes mount

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XRP ruled not a security, triggering a market-wide rally. Binance faces regulatory pressure with layoffs and legal disputes. Spot bitcoin ETFs gain recognition from SEC. Read these and other news in our weekly recap. In a groundbreaking ruling, Ripple emerged victorious in their SEC lawsuit as the judge declared that XRP is not a security. The market responded with a rally, led by XRP, while altcoins surged, sparking speculation of an impending altcoin season. Meanwhile, Binance found itself in the spotlight as reports of widespread layoffs emerged amid mounting regulatory…

Bitcoin addresses with over 1 BTC hit ATH as XRP fuels altcoins rally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode’s latest on-chain metrics show the number of bitcoin wallets holding over 1 BTC has hit a new all-time high (ATH), indicating investor optimism in the crypto markets. The court decision that XRP is not a security has brought about positive reactions from market participants, as it challenges the Securities and Exchange Commission’s (SEC) stance on token classification.  Ripple CEO Brad Garlinghouse has praised the ruling, asserting that it will likely positively affect other digital tokens…

Twitter is closer to integrating crypto, dogecoin and digitoads likely to rally

Elon Musk, a known advocate of cryptocurrencies, has previously expressed his intention to incorporate crypto payments into Twitter, and recent developments suggest that this vision is inching closer to reality.  Twitter recently obtained three official licenses to operate as a Money Transmitter in three US states, indicating a significant step towards integrating payment features within its app. If crypto payments are added on Twitter, Musk’s favorite meme coins, Dogecoin and DigiToads, might be the first two payment options on the app. Therefore, expecting a price rally of these assets is pretty logical.…

Cardano price turns bullish, but is there substance to the ADA rally?

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Cardano experienced a remarkable price surge of 23.9% on July 13, leaving investors curious about the potential for further gains. This significant rally comes on the heels of a favorable judicial decision regarding XRP (XRP), leading many to question if Cardano (ADA) has what it takes to break above the $0.40 mark. Cardano 1-day price in USD at Coinbase. Source: TradingView There are three reasons to support Cardano’s bullish momentum, including its potential to integrate other blockchains, increased activity in decentralized applications (DApps) and the decreased regulatory risk, although the latest XRP…

Solana price hits a 2023 high, but do strong fundamentals back the SOL rally?

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Solana’s (SOL) price briefly surged to a new year-to-date peak on June 14 after Ripple’s partial win against the United States Securities Exchange and Commission in the case contesting XRP’s (XRP) position as a security.  The token recorded gains of 48.09%, reaching a peak of $32.40 as news of the court ruling spread, before retracing below the $30.00 level. The positive gains following the verdict not only eliminated the losses from June 2023 when the SEC considered SOL a security in its lawsuit against Binance and Coinbase, but it also reclaimed…

COIN Shares’ Rally Following XRP Court Ruling Is Overdone: Berenberg

“The surge was driven in large part by investors who interpreted Judge Torres’ ruling as representing a rejection of the SEC’s argument in the lawsuit it filed against COIN on June 6 that many of the tokens bought and sold in secondary-market transactions on the company’s exchange are unregistered securities,” analysts led by Mark Palmer wrote. Source