The newly approved spot Bitcoin exchange-traded funds (ETFs) are recording increased investor interest even as the cryptocurrency struggles to sustain its valuation above key support levels. In this line, in an X (formerly Twitter) post on January 19, senior Bloomberg ETF analyst Eric Balchunas indicated that in the first five days of the products’ trading, they attracted a volume of ...
Trading cryptocurrencies is a risky endeavor, considering its mostly experimental nature and the high volatility in the cryptocurrency market. Knowing which cryptocurrencies to avoid trading is an important part of a good risk management strategy to improve results. In this context, key indicators can provide valuable insights and red flags, whether for the short or long term. The Relative Strength ...
The cryptocurrency market sentiment has shifted to bearish during this week’s retracement following the Bitcoin ETF‘s approval. However, some indicators signal this downtrend is about to end, which could trigger short squeezes against the crypto short sellers. Notably, the total crypto market cap lost $132.5 billion (7.68%) in the last seven days since January 12. The movement accumulated $4.95 trillion ...
Bitcoin (BTC) is currently undergoing a sell-off, breaking below the $42,000 support level, prompting uncertainty about how low the asset may go. This sell-off became more evident in the last 24 hours, with Bitcoin experiencing an outflow of approximately $32.02 billion from its market cap, which stood at $806.72 billion at the time of writing. The downward trend follows Bitcoin’s ...
With the maiden crypto, Bitcoin (BTC), struggling and losing its value, some altcoins might present a good opportunity for investors to buy the dip. It appears that altcoins are currently poised for movement pending a signal from Bitcoin. Observations indicate that when the market exhibits positive momentum, altcoins experience a substantial surge in value, as per a post on X ...
Since its inception, Grok has rapidly gained traction among users of the social platform X (formerly Twitter) and those invested in cryptocurrency markets. Developed by xAI, which operates under Elon Musk‘s wing, Grok represents a cutting-edge AI in the tech billionaire’s portfolio. Grok distinguishes itself by claiming to be more receptive to diverse data streams. Its edge lies in real-time ...
XRP is often haunted by whale movements, such as the recent 440 million XRP whale and Ripple’s monthly sell-offs. Moreover, court developments on the SEC vs. Ripple case directly impact the token and investors’ confidence. In the meantime, the cryptocurrency trading expert Ali Martinez warned of a possible sell-off scenario brewing for XRP. Martinez posted a technical analysis on X ...
Bitcoin (BTC) proponents argue that the maiden cryptocurrency maintains bullish underlying fundamentals, with the recent approval of a spot exchange-traded fund (ETF) in the United States adding to its strength. In particular, SkyBridge Capital founder Anthony Scaramucci believes that Bitcoin will likely surpass $100,000 by 2025, citing the halving event’s impact, Reuters reported on January 15. Although the spot ETF ...
On January 18, Nuant joined the OpenWealth Association, contributing to advancing digital assets risk management within Swiss banking, WealthTech, and traditional finance, per the information shared with Finbold. In doing so, Nuant recently joined traditional finance entities such as Credit Suisse, LGT, VP Bank, and WealthTech firms like Assetmax and InvestSuite. This strategic partnership represents a noteworthy progression in crypto ...
Newborn Nine is how the ETF expert Eric Balchunas calls 9 of the 10 recently approved Bitcoin ETFs. These are competitors of the pioneer Grayscale Bitcoin Trust (GBTC), experiencing a capital outflow partially distributed to the Newborn. Notably, GBTC has lost a total of $1.62 billion worth of spot Bitcoin shares in the first four days. In the meantime, the ...
