Bitcoin has hit a new high of $64,000, but is this rally sustainable? Let’s look at what on-chain data reveals. On-Chain Activity Metrics on the Rise Santiment, an on-chain analytics firm, has analyzed Bitcoin’s on-chain activity during its recent rally. They found that three key metrics are all showing positive trends: Transaction Volume: This measures…
Strong Uptrend and Key Support Levels Ethereum (ETH) has been on a steady upward climb, with its price hovering around $3,743. It has surpassed its moving averages, indicating bullish momentum. Traders eagerly anticipate the breach of the $3,500 mark, a potential milestone towards the coveted $4,000 price tag. The 50-day moving average ($2,700) and 100-day…
A Bloomberg analyst has revealed that Bitcoin (BTC) exchange-traded funds (ETFs), which debuted in January, have witnessed a surge in individual trades, surpassing the top two ETFs in the stock market. Retail Traders Dominate According to Eric Balchunas, a senior ETF analyst at Bloomberg, Bitcoin ETFs have outperformed both the SPY and QQQ ETFs in…
A crypto expert who accurately predicted Bitcoin’s 2018 price bottom is now eyeing a memecoin and an AI-related asset for potential gains. Memecoin to Soar Analyst Bluntz believes the Solana-based memecoin dogwifhat (WIF) could generate massive returns. He compares it to another crypto asset that has already seen a 5x increase this year. “WIF will…
Sergey Nazarov, the founder of Chainlink, believes the recent launch of Bitcoin exchange-traded funds (ETFs) is a major milestone for the crypto industry. He predicts that it will attract a surge of capital from global financial institutions. Institutions Embrace Crypto Nazarov says that institutions are now the primary drivers of the crypto market, seeking new…
Ankr’s Comprehensive Offering Ankr, a leading Web 3.0 infrastructure provider, has expanded its Rollup-as-a-Service (RaaS) solution to empower developers and enterprises. This end-to-end platform offers: Seamless integration with leading partners like ZKsync, Optimism, and Polygon Liquid staking capabilities, allowing developers to leverage ankrETH as gas fees and earn staking rewards High-performing infrastructure, proven to handle…
Bitcoin Holdings Surge MicroStrategy has purchased an additional 3,000 Bitcoin (BTC), bringing its total holdings to 193,000 BTC. This massive investment has now crossed the $10 billion mark, thanks to the recent surge in BTC’s price. Unrealized Profits Skyrocket MicroStrategy’s average purchase price for BTC is $31,544. With BTC currently trading above $57,000, the company…
Schiff’s Perspective Peter Schiff, a well-known economist, has claimed that Bitcoin is not “digital gold.” Instead, he sees it as a “digital anti-gold.” He argues that Bitcoin is a bet against gold, not a digital counterpart. Contrasting Views Despite Schiff’s opinion, other prominent figures in the cryptocurrency industry, such as Cathie Woods and Michael Saylor,…
Expanding User Base Binance, the leading crypto exchange, is launching a new VIP program to attract traders from traditional markets. This move aims to expand its user base and offset regulatory challenges. New VIP Status Requirements Under the program, traders can qualify for VIP status based on their combined trading volume from both crypto and…
Attack on Serenity Shield On February 27th, a Metamask wallet belonging to Serenity Shield, a data storage platform, was compromised. Over 7 million SERSH tokens, worth $5.6 million, were stolen. Token Price Plummets The theft caused the SERSH token price to drop dramatically, falling over 90% to $0.0073. It later recovered slightly but continued to…
