Ethereum Breaks Out of Trading Range A crypto strategist believes Ethereum (ETH) is now in an uptrend after a lengthy accumulation period. Pseudonymous analyst Inmortal observed a convincing breakout from a trading range, following several retests of the lower $2,000 level. Correlation Between ETH Rivals The trader sees a price correlation between ETH-rivals Solana (SOL)…
Analyst Predicts Bullish Future for BTC Michaël van de Poppe, a prominent crypto strategist, believes Bitcoin (BTC) is set for a 12x rally as it enters a new era of institutional adoption. Van de Poppe, who has a large following on social media, points to the recent approval of Bitcoin exchange-traded funds (ETFs) as a…
Delay in Criminal Sentencing The sentencing of Binance founder Changpeng Zhao, also known as “CZ,” for a money laundering rule violation has been delayed until April 30, according to a notice in Seattle federal court. This two-month postponement comes after Zhao pleaded guilty on November 21 to failing to maintain an effective anti-money laundering program…
Bitcoin (BTC) has achieved three remarkable new all-time highs, according to a recent analysis by Daniel Batten, managing partner at CH4 Capital and a renowned Bitcoin ESG researcher. These milestones, however, are not related to its price, which has yet to surpass the previous peak of $69,000. Methane Mitigation The Bitcoin network has made significant…
ETFs Accumulating Bitcoin at a Rapid Pace Several spot Bitcoin ETFs have aggressively accumulated BTC holdings in their first month of operation. BlackRock’s spot ETF has amassed over 78,000 BTC worth nearly $3 billion. Fidelity’s ETF holds 66,000 BTC and counting. Over 192,000 BTC has already been swallowed up across the slate of approved funds….
Franklin Templeton’s Strategic Entry Franklin Templeton, a financial powerhouse managing $1.5 trillion, has joined the competitive landscape of spot Ethereum Exchange-Traded Funds (ETFs) in the United States. This strategic move follows their successful Bitcoin ETF launch, reflecting their growing confidence in the digital asset space. Ethereum Staking Strategy: A Unique Approach While mirroring competitors’ Bitcoin…
Franklin Templeton Files for Spot Ethereum ETF Franklin Templeton, a prominent Wall Street titan and asset manager, has submitted an application for an Ethereum Spot Exchange-Traded Fund (ETF). This move follows their unsuccessful attempt to secure approval for a Bitcoin Spot ETF in early January. Surge in Interest for Ethereum Spot ETF The Ethereum spot…
Long-Term Holders Return to Profitability Glassnode, an analytics firm, has observed a signal in Bitcoin’s (BTC) on-chain metrics that historically indicates the early stages of a bull market. The firm’s long-term holder MVRV (LTH-MVRV) metric, which tracks the behavior of long-term BTC investors, has entered “high-risk” territory. When the LTH-MVRV signal hovers above the high-risk…
DYM Poised for Potential Upswing Pseudonymous crypto analyst Altcoin Sherpa sees further upside potential for the modular blockchain Dymension (DYM). DYM recently experienced a retracement but has found support at $7.05. The analyst suggests a potential rally to $7.39 based on Fibonacci retracement levels. DYM has witnessed a remarkable surge, rising from $3.54 on February…
Key Points: Bitcoin whales have been on a buying spree, acquiring 140,000 BTC in the past three weeks. This amounts to $6.16 billion worth of Bitcoin. Bitcoin’s Super Trend indicator has flashed a bullish signal. This indicator has been historically accurate in predicting Bitcoin bull runs. Bitcoin is currently trading at $48,157. Analyst Ali Martinez:…
