Ethereum’s Rise Ethereum has surged past $2,900, marking its highest point since May 2022. This jump comes as Bitcoin has been moving sideways, highlighting Ethereum’s independent path. Profitable Week for Investors Over the past week, Ethereum investors have enjoyed profits of over 16%, outperforming Bitcoin’s 8% gains. Futures Market Overheating However, there are concerns about…
Whales Buy, Smaller Holders Sell Bitcoin’s largest holders are aggressively buying up the cryptocurrency, while smaller whales are selling. Wallets holding between 1,000 and 10,000 BTC have added $12.95 billion worth of Bitcoin in 2024, while wallets holding 100 to 1,000 BTC have sold $7.89 billion. Large Transactions Surge The number of large Bitcoin transactions…
Altcoin Market Remains Strong Crypto analyst Jason Pizzino believes a significant altcoin correction is unlikely. He points to the monthly chart of TOTAL3, which tracks the total market cap of crypto assets excluding Bitcoin, Ethereum, and stablecoins. Pizzino notes that TOTAL3 is consolidating and preparing for a breakout, suggesting that a severe correction is not…
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 According to blockchain tracking firm Lookonchain, dozens of wallets linked to the institution have withdrawn massive amounts of LINK from crypto exchange Binance.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,…
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…
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,…
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…
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…
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…
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,…
