Shiba Inu, the popular meme coin, saw a recent price bump and a related increase in its token burn rate. This is good news, right? Let’s dive in. A 21% Burn Rate Increase – But Is It Significant? Over the past 24 hours, the number of SHIB tokens burned jumped by about 21.76%. That sounds…
Thailand is taking a two-pronged approach to cryptocurrency: embracing Bitcoin ETFs while cracking down on online gambling platforms. Bitcoin ETFs on the Horizon Thailand’s Securities and Exchange Commission (SEC) is looking into approving Bitcoin exchange-traded funds (ETFs). This move is part of a broader effort to bring Thailand’s financial system into the crypto age, following…
Recent positive economic news suggests the US Federal Reserve might cut interest rates soon. This could be great news for the crypto market, as investors might have more money to spend on riskier assets. Here are five cryptocurrencies that could see massive gains: Top Crypto Picks for Potential Huge Growth 1. Mind of Pepe ($MIND):…
A popular crypto analyst is bullish on Aave (AAVE), a DeFi lending platform. They believe the coin is poised for a significant price increase. Bullish Signals for AAVE According to the analyst, known as Bluntz, AAVE’s eight-hour chart shows several positive signs. These include a completed ABC correction pattern (a common technical analysis pattern suggesting…
The SEC is delaying its decision on whether to approve Bitwise Asset Management’s application to convert its crypto index fund into an exchange-traded fund (ETF). The new deadline is March 3, 2025. Delay Expected, but Still Significant Bloomberg analyst James Seyffart reported the delay on X (formerly Twitter), noting that while it wasn’t entirely unexpected,…
Analyst Benjamin Cowen, a popular figure in the crypto world, believes Bitcoin (BTC) is at a crucial point. The next week or two will be key to determining whether Bitcoin continues its upward trend or takes a downturn. Holding the Line at $90,000 Cowen, who boasts a massive YouTube following, points to the $90,000 price…
Franklin Templeton, a major player in the financial world, sees a bright future for the merging of artificial intelligence (AI) agents and the cryptocurrency market. They believe that the rapidly developing field of AI agents – programs that can operate independently – has huge potential within the crypto space. AI Agents: The Next Big Thing…
Bitcoin’s price has bounced back above $97,000, but not everyone’s celebrating. While this looks positive, many traders remain cautious. Traders’ Shifting Sentiment Despite the price recovery, a significant number of Bitcoin traders on Binance are still betting against further price increases. The percentage of traders expecting a price rise dropped from 66.35% to 55.22% in…
Bitcoin’s price has taken a bit of a tumble. After hitting a high of $108,000 in December 2024, it’s now around $96,000. This has some people worried, but not everyone. Tom Lee’s Optimistic Take Fundstrat’s Tom Lee remains bullish on Bitcoin. In a recent CNBC interview, he addressed concerns about the price drop, stating that…
Ethereum (ETH) took a bit of a tumble earlier this week, dipping below $3,000 for the first time since November. But don’t worry, some experts think this is actually good news! Ethereum’s Recent Price Action The price drop came after a weekend where ETH hovered around $3,200-$3,340. Analyst Ali Martinez pointed out key support and…
