Bottoming Out Crypto analyst Bluntz believes that Solana (SOL) is nearing a bottom against Bitcoin (SOL/BTC), hovering around 0.0025 BTC ($179.57). He anticipates a final dip to confirm the bottom before a potential rally. Bullish Outlook According to Bluntz, Solana is completing a corrective wave and is poised for a breakout above 0.003 BTC ($215)….
1inch, a popular crypto exchange, has partnered with Mastercard to launch a debit card that lets you spend both crypto and regular money. Physical and Digital Cards The card will be available as a physical card and a digital version. According to 1inch co-founder Sergej Kunz, this move is a big step towards bringing more…
Crypto analyst Benjamin Cowen predicts a potential market correction in the second quarter if the Federal Reserve (Fed) begins cutting interest rates. Altcoin Performance Key Indicator Cowen believes that if altcoins, or alternative cryptocurrencies, start losing value against Bitcoin (BTC), it could signal the start of a correction due to economic pressures. He’s closely monitoring…
Investigation and Token Movement STFIL, a liquid staking platform for Filecoin (FIL), announced that its team is allegedly being investigated by Chinese police. FIL tokens staked on the platform were moved to an unknown address without the team’s authorization. The mysterious address now holds $23 million worth of FIL. Community Concerns Investors are worried about…
Demand from Long-Term Holders Data from CryptoQuant shows that demand for Bitcoin from long-term holders (HODLers) has reached unprecedented levels, outpacing the supply produced by miners. HODLers, who own “accumulation addresses” that have only purchased BTC and never sold it, are known for holding their assets indefinitely. As a result, the new supply they accumulate…
Uncertainty for Ethereum ETFs Issuers of spot Bitcoin exchange-traded funds (ETFs) are skeptical that the US Securities and Exchange Commission (SEC) will approve similar ETFs for Ethereum. SEC’s Concerns SEC Chairman Gary Gensler has emphasized that most crypto assets, including Ethereum, are subject to federal securities laws. This has raised concerns about the approval of…
Consumer Survey Raises Concerns A survey by Deutsche Bank found that people are divided about Bitcoin’s future. Some believe it could drop below $20,000, while others are more optimistic. Expert Opinions Mike Novogratz, CEO of Galaxy Digital, thinks Bitcoin will benefit from the Federal Reserve cutting interest rates. However, the timing and amount of these…
Emin Gün Sirer, CEO of Ava Labs, believes the crypto industry is significantly undervalued due to a lack of awareness about its technological advancements. Superior to Traditional Finance Gün Sirer argues that crypto and blockchain technologies surpass those used in traditional finance. He highlights the advanced features of crypto systems, such as smart contracts, lending…
Ripple CEO Brad Garlinghouse believes a surge in institutional investments will double the cryptocurrency market’s value to $5 trillion by the end of 2024. Regulatory Momentum and ETFs Garlinghouse points to positive regulatory developments and the approval of spot Bitcoin exchange-traded funds (ETFs) as key drivers of this growth. These factors have attracted institutional investors…
Former BitMEX founder Arthur Hayes has transferred over $1 million worth of GMX tokens to centralized exchanges, according to on-chain analyst EmberCN. Hayes’ GMX Holdings Hayes previously held the largest personal GMX address since 2022. On Sunday, he transferred all 237,000 GMX (worth $9.78 million) to a new address. Transfer to Exchanges The new address…
