XRP Poised for Potential Upswing Closely followed crypto strategist Ali Martinez sees bullish signals for XRP. Tom DeMark (TD) Sequential indicator suggests a potential move to the upside. XRP could reach $0.63 or even $0.65 if it sustains a weekly close above $0.57. Solana (SOL) Shows Bullish Momentum TD Sequential indicator also indicates a bullish…
Sales Surge and Stumble After a major downturn in 2022-2023, the NFT market is seeing a resurgence. NFT sales surged in late 2022 but have since declined. Challenges include skepticism about blockchain gaming, uncharted financial territory, and doubts about NFT art’s value. Practical Applications NFT startups are emphasizing practical uses in gaming, finance, and art….
Nine newly launched US spot Bitcoin exchange-traded funds (ETFs) have quickly gained traction, collectively holding over 300,000 BTC in assets under management (AUM). This represents nearly 1.5% of the total BTC supply of 21 million. Rapid Growth and Investor Confidence Since their debut in January, these ETFs have attracted a total of 303,002 BTC, equivalent…
Typing Error Costs Crypto Exchange Hundreds of Thousands An Australian businessman has allegedly vanished after receiving an accidental deposit from a crypto trading platform in late January. The Victorian Supreme Court has frozen his assets as efforts to contact him have been unsuccessful. Mildura Resident Pockets Half a Million in Typing Error According to ABC…
Jurrien Timmer, a top analyst at Fidelity, believes Bitcoin (BTC) has the potential to take a significant portion of the market share currently held by gold. Monetary Gold and Bitcoin’s Market Cap Timmer’s analysis focuses on “monetary gold,” which refers to gold held by central banks and private investors as a monetary asset, excluding gold…
Former Goldman Sachs executive Raoul Pal believes Ethereum (ETH) is gearing up for a massive breakout against Bitcoin (BTC). Breakout of a Diagonal Resistance Pal shared a chart on social media showing that the Ethereum versus Bitcoin ratio (ETH/BTC) is on the verge of breaking above the diagonal resistance of a massive wedge on the…
Major Purchases: One whale withdrew 14,632 ETH ($45.5 million) from Binance and staked it. Two new whale wallets withdrew 6,000 ETH ($18.7 million) from Kraken. Another whale bought 2,000 ETH ($6.2 million) from Kraken. A suspected Justin Sun wallet bought 13,780 ETH ($41.24 million) from Binance. Overall Market: Ethereum is up 4% in the last…
Dormant Address Comes to Life On Tuesday, a dormant Ethereum address sprang into action, taking advantage of the recent surge in ETH prices. The wallet, inactive for nearly a decade, made its first transaction after ETH surpassed $3,200. Pre-Mine Address Details The address in question is a pre-mine address, meaning it existed before Ethereum’s official…
The legal battle surrounding Terraform Labs co-founder Do Kwon takes a new turn as the US Securities and Exchange Commission (SEC) prepares for a civil trial against him on March 25. However, Kwon’s absence is likely due to extradition delays from Montenegro. No Request for Postponement Do Kwon’s lawyer, David Patton, confirmed that Kwon will…
Bitcoin’s price surged above $57,000 on February 27, marking its highest point since 2021. This surge can be attributed to several recent developments that have created a bullish narrative for the cryptocurrency. Increased Demand for Bitcoin Bloomberg analyst Eric Balchunas reported that nine Spot Bitcoin ETFs (excluding Grayscale’s GBTC) set a new all-time trading volume…
