Despite gathering significant momentum in the final quarter of 2023, the crypto market entered the New Year with a bit of a limp. On the one hand, the world’s major cryptocurrencies have, as a rule of thumb, remained close to their December highs – and significantly above the prices seen throughout the bulk of the “crypto winter.” On the other ...
The global blockchain ecosystem, Binance, announced the achievement of a significant milestone with its copy trading product, with a cumulative weekly average trading volume surpassing $2 billion during the initial three months since its inception in October 2023, as per the latest information shared with Finbold on January 16. The robust expansion and substantial traction further solidify Binance’s prominent position ...
Last year, and particularly in its final quarter, Bitcoin (BTC) – along with much of the crypto market – underwent a significant rally, rising from approximately $16,000 in January 2023 to as high as $44,000 in December 2023. The start of this year, however, has been characterized by optimism, uncertainty, and volatility. By press time, the world’s foremost cryptocurrency rose ...
Solana Mobile is gearing up to release its second smartphone following the unexpected performance of its inaugural crypto-enabled device, the Saga. The upcoming device seeks to uphold the essential characteristics of its forerunner, including a built-in crypto wallet, customized Android software, and a specialized dApp store catering to cryptocurrency applications, as reported by CoinDesk on January 16. In addition, the ...
Bitcoin (BTC) has continued to experience a sell-off since the approval of a spot exchange-traded fund (ETF), failing to live up to the hype experienced before the approval. In the wake of a regulatory nod for the product, Bitcoin retested the $49,000 mark, but the asset has corrected to currently trade above the $42,000 support zone. The sell-off has resulted ...
For a very brief time, an X post made by Whale Alert claimed that as much as 25.6 billion XRP were on the move from an unknown wallet to the Bitfinex cryptocurrency exchange. Given that the amount of cryptocurrency supposedly moved amounts to approximately half of all circulating supply of XRP, the post immediately raised eyebrows and was quickly removed ...
The wider ongoing surge in the prices of cryptocurrencies has brought most of its gains to altcoins, which are testing their resistance zones and exhibiting bullish patterns that are turning the heads of investors and analysts alike. Despite the market experiencing a retracement this week, most altcoins demonstrated resilience, maintaining their strength. In particular, they appear well-positioned to initiate the ...
The World Economic Forum (WEF) Davos conference, spanning five days, is underway from January 15, and it centers around the theme ‘Rebuilding Trust,’ delving into six crucial areas of economic resilience, energy transformation, globalization, productive artificial intelligence (AI), strengthening institutions, and women’s health. The 2024 event also marks another year in the ongoing presence of the crypto industry at the ...
The crypto market’s attention is shifting away from the Bitcoin exchange-traded fund (ETF) approval, with most digital assets failing to capitalize on the monumental event in the short term. Based on the price movement after the approval, the product can be deemed to have turned out to be a “buy the rumor, sell the news” event. Interestingly, the conversation around ...
With the gains starting to propel altcoins, Ethereum (ETH) seems to have had the best performance recently, as its price just reached an 18-month high. The move has prompted analysts to discuss the possibility of ETH attaining the $3,000 target, last reached in April 2022. The current Ethereum trend suggests a sustained upward trajectory. The upcoming quarter has a potential ...
