Yesterday, Bitcoin took a roller coaster ride, briefly touching $53,000 before crashing to $50,820. Amidst the chaos, one thing stood out: a huge surge in trading volume for certain Bitcoin ETFs. ETF Trading Boom Bloomberg’s Eric Balchunas noticed something unusual. The VanEck Bitcoin ETF (HODL) saw a whopping 14x increase in trading volume, with over…
Analyst’s Insights Despite XRP’s recent setbacks, crypto analyst CrediBull Crypto believes it’s still a profitable investment. He points to XRP’s historical performance, which has seen it surge by 60x and 17x in short periods. Technical Indicators CrediBull Crypto notes that technical indicators are signaling a potential bullish uptrend for XRP. He predicts that XRP will…
Bitcoin recently took a tumble, dropping below $51,000. Here’s what might be behind this dip: Whale Activity “Whales” in the Bitcoin world are investors holding a lot of Bitcoin (between 1,000 and 10,000). They can have a big impact on the market. Recently, these whales have been selling off their Bitcoin in a big way….
Spot Bitcoin ETFs Surge Bitcoin ETFs, which track the crypto’s price, have seen record inflows. Over $2.2 billion poured in during February 12th-16th, the highest weekly inflow ever. BlackRock’s IBIT Leads the Way BlackRock’s iShares Bitcoin ETF (IBIT) has been the top performer, attracting $1.6 billion last week. It now has over $5.2 billion in…
Burn Rate Stalls Over the past 24 hours, the Shiba Inu burn rate has hit a standstill. Only 2 million SHIB tokens have been burned, a significant drop from previous levels. This decline suggests that SHIB users are less engaged in reducing the coin’s supply. Waning Interest in Burning Earlier this year, burning SHIB tokens…
Analyst’s Bold Prediction Michaël van de Poppe, CEO of MN Trading, has predicted a surge in Ethereum’s value, projecting a range of $3,800 to $4,500. This bullish outlook comes as Ethereum currently trades around $2,980, outperforming Bitcoin amidst market challenges. Factors Driving Momentum Van de Poppe highlights several factors contributing to Ethereum’s bullish momentum: Outperformance…
Ethereum’s Surge and Expert’s Doubts Ethereum (ETH) has hit $3,000 for the first time since April 2022. However, Fred Krueger, a Bitcoin ETF expert, warns that the price is “completely detached from reality.” Why Ethereum May Be Overvalued Krueger points out that Ethereum’s active daily users have dropped from 120,000 in 2021 to just 66,000….
A crypto expert who predicted the end of Bitcoin’s 2021 rally believes the altcoin market is poised for a major surge. Altcoin Market Cap to Skyrocket The analyst, known as Pentoshi, tracks the TOTAL3 chart, which excludes Bitcoin, Ethereum, and stablecoins. He predicts a meteoric rise of over 264% in the total market cap of…
A new crypto project backed by Polygon Labs and Animoca Brands is introducing a “proof of humanity” protocol that uses palm recognition technology. How It Works The protocol uses palm scanning to verify users’ identities, ensuring they are real people and not AI. This is similar to how Worldcoin uses iris scanning. Advantages The protocol…
Analyst’s Track Record Dave the Wave, a trader who accurately predicted the May 2021 crypto crash, has released a price prediction for Bitcoin (BTC) based on a reliable historical model. Logarithmic Growth Curve (LGC) The LGC model predicts Bitcoin’s market cycle highs and lows by filtering out short-term volatility. Dave the Wave believes Bitcoin will…
