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…
Spot Bitcoin ETF Inflows Surge Bitcoin Spot ETFs are making a strong comeback, with inflows reaching new heights. The price of BTC has seen a significant 8% increase in the last 24 hours, creating a surge of excitement in the market. Several factors may be driving this growth, but institutional investors appear to be playing…
The Bitcoin Fear & Greed Index has hit Extreme Greed, its highest level in almost three years. This article explores what this means for the market and what investors can expect next. Bitcoin Fear & Greed Index: A Measure of Investor Sentiment The Bitcoin Fear & Greed Index is a measure of investor sentiment, indicating…
Bitcoin, the leading cryptocurrency by market capitalization, experienced a significant surge on Monday, reaching $57,000 for the first time in 26 months. This surge has prompted predictions of a new all-time high before the end of 2025. Analyst’s Optimistic Prediction Peter Brandt, a cryptocurrency analyst and CEO of Factor LLC, expressed optimism about Bitcoin’s future…
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…
The PEPE coin has seen a remarkable surge in value, with a 50% increase in price in just one day. This impressive rally has brought PEPE to the forefront of the crypto market, capturing the attention of investors and enthusiasts alike. Factors Driving PEPE’s Price Increase There is no single factor driving PEPE’s price increase,…
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…
Institutional investors are shifting their focus to Ethereum (ETH) over Bitcoin (BTC), showing a preference for the second-largest cryptocurrency. Institutional Interest in Ethereum Bybit’s research report reveals that institutions are allocating more funds to ETH compared to BTC. The rise in interest began in September 2023, with ETH trading around $2,000. Ethereum became the single…
