An unknown institution has been on a buying spree, accumulating over $216 million worth of Chainlink (LINK) in just two weeks. According to blockchain tracking firm Lookonchain, dozens of wallets linked to the institution have withdrawn massive amounts of LINK from crypto exchange Binance. LINK’s Bullish Run LINK has been on a tear in February,…
New Milestone: $2.2 Billion Inflows in a Week Bitcoin spot exchange-traded funds (ETFs) have been a hit in the US, drawing in over $2.2 billion in inflows last week alone. This shatters the previous weekly record set during their first week of trading. Competition Heats Up Bitcoin ETFs have captured the attention of institutional investors,…
According to IntoTheBlock, Bitcoin (BTC) has a high chance of reaching a new all-time high within the next six months. This forecast is based on five key catalysts: Bitcoin Halving In April, the Bitcoin halving will occur, reducing the rewards for BTC miners by half. This event is expected to reduce selling pressure and boost…
Whale Holdings on the Rise According to data from Santiment, Bitcoin whales (holding 1,000-10,000 BTC) have been accumulating significant amounts of the cryptocurrency since the beginning of 2024. They’ve added a total of 248,900 BTC, worth approximately $13 billion. Sharks Trim Holdings In contrast, Bitcoin sharks (holding 100-1,000 BTC) have sold off 151,200 BTC, worth…
Jim Bianco, a renowned Wall Street expert, has criticized Spot Bitcoin ETFs, calling them a “giant mistake.” Here’s why: Decentralization Concerns Bianco believes Spot Bitcoin ETFs undermine the decentralized nature of Bitcoin. He argues that these ETFs are tied to centralized systems, such as regulated brokerages and the New York Stock Exchange. This could compromise…
Ethereum: Gearing Up for ETHDenver ETHDenver 2024 (Feb 23 – Mar 3): Expect project announcements and potential trajectory shifts for Ethereum. Dencun upgrade and spot Ethereum ETF approvals in May could be game-changers. AI Coins: Nvidia’s Earnings Report Nvidia’s Q4 2023 earnings report (Feb 21) will impact AI-related cryptocurrencies. Positive earnings could boost tokens like…
Network Security Soars, Miner Concerns Rise Bitcoin’s recent price surge has been a mixed bag for miners. While it’s boosted network security, it’s also raised questions about their long-term sustainability. The hash rate, a measure of computing power dedicated to securing the network, has hit new highs. This means more miners are joining the network,…
Crypto analyst Altcoin Sherpa predicts a surge in value for two under-the-radar altcoins. Neutron (NTRN) Sherpa anticipates a consolidation period followed by a move towards $2.01. NTRN is currently trading at $1.78. Heroes of Mavia (MAVIA) Sherpa suggests MAVIA will break its all-time high of $9.40. MAVIA is currently valued at $8.90. Dymension (DYM) Sherpa…
Bitcoin’s Uptrend Threatened Crypto analyst Justin Bennett warns that Bitcoin (BTC) remains vulnerable despite trading above $50,000. He believes BTC has hit resistance within an ascending channel, indicating a potential correction to $46,000. Bitcoin’s Monthly Chart Bennett also notes that BTC has not yet regained the diagonal support on its monthly chart, suggesting a larger…
Yuga Labs, the brains behind Bored Ape Yacht Club, has acquired NFT collective PROOF and its assets. PROOF’s Assets PROOF’s NFT collections include Moonbirds, Oddities, and Mythics. Moonbirds will be integrated into Yuga’s Otherside metaverse platform. Yuga’s Vision Yuga Labs aims to be the “front door of web3.” This acquisition aligns with their goal of…
