Although the spot Bitcoin exchange-traded fund (ETF) rollout did not have the short-term desired effects on the general cryptocurrency market, the product’s performance can be considered remarkable. In particular, the ETFs accumulated a staggering $9.6 billion in trading volume within the first three days of their launch, according to data by Bloomberg Intelligence ETF analyst James Seyffart. Based on the ...
With Dogecoin (DOGE) currently holding the top spot as the leading meme cryptocurrency in market capitalization, the community remains focused on its price trajectory, with the ambitious goal of reaching the $1 mark. The likelihood of DOGE achieving this milestone remains a subject of speculation, considering the token’s tendency to follow the broader crypto market regarding trading patterns. Moreover, the ...
Recently, publicly traded cryptocurrency-related companies have taken center stage in the financial world, particularly after the approval of the Bitcoin spot exchange-traded fund (ETF). Traditionally, the performance of these companies in the stock market has exhibited a significant correlation with the overall trajectory of the cryptocurrency sector. The spotlight remains on the performance of these companies, especially as the cryptocurrency ...
Bitcoin (BTC) lost over 15% of its value from January 11 highs to its lows on January 12. This sudden price shift caused a bearish sentiment to surge, encouraging traders to bet against the leading cryptocurrency. In this context, Bitcoin could be on the verge of seeing a short squeeze, making its price soar. Not only did Bitcoin suffer from ...
Ethereum (ETH) has reached yet another remarkable achievement, dominating decentralized finances (DeFi) total value locked (TVL) by 80%. Meanwhile, its native token, Ether, aims at the $3,000 price zone, threatening a short squeeze soon. Remarkably, the total value locked on Ethereum’s first layer surged 231% in the last 24 hours to $100.31 billion. This sums up to recent increases, resulting ...
In a recent interview, Larry Fink, CEO of BlackRock Inc. (NYSE: BLK), showed optimism about the tokenization of financial assets. Following BlackRock’s lead, Finbold turned to ChatGPT-4 for insights into promising cryptocurrencies focused on tokenization. Bloomberg Television broadcasted the aforementioned interview on January 12, post-Bitcoin ETFs approval. On that, Larry Fink explained what he thinks are the next steps in ...
Injective (INJ) had an impressive run in 2023 with over 3,300% gains from its lowest to its current price. Collecting the spoils afterward, the team will unlock nearly $150 million in tokens on January 20. This token unlock comes from Injective’s genesis distribution, which is partially locked in vesting contracts. Notably, 3.67 million INJ will be at the team’s and ...
Ripple has been in a legal battle with the United States Securities and Exchange Commission (SEC) for years, accused of selling unregistered securities in the form of XRP tokens. Despite the court declaring that the tokens are not securities, the case is ongoing with a potential appeal. In an unexpected turn, Ripple has shared its possible status as a federal ...
In the short term, the spot Bitcoin exchange-traded fund (ETF) launch has failed to meet market expectations regarding the valuation of most assets. Indeed, the approval turned out to be a “buy the rumor, sell the news” event, with Bitcoin (BTC) briefly retesting the $49,000 mark before correcting amid an over $80 billion outflow in market cap. In an X ...
Despite being a popular meme coin, Shiba Inu (SHIB) is one of the few notable cryptocurrencies that have failed to surge in the late 2023 crypto market rally. In fact, unlike many other coins and tokens, its price in January 2024 is below what it was in January 2023 – a time when the “crypto winter” still dominated the market. ...
