With the previous week bringing gains for the cryptocurrency market, some digital assets displayed promising signals that might indicate their future movement. Dogecoin (DOGE) is one of those. The TD Sequential has recently generated a buy signal on the 3-day chart for Dogecoin. The probability of a resurgence to $0.100 or beyond appears favorable, contingent upon the sustained stability of ...
Although the general cryptocurrency space is experiencing a bearish trend, primarily attributed to the diminishing excitement surrounding the Bitcoin exchange-traded fund (ETF), XRP stands out as one of the most affected cryptocurrencies. The token has suffered significant losses recently, falling below the $0.60 support level. In response to this trend, analysts are now forecasting substantial declines in the valuation of ...
After reaching a two-year high of almost $49,000, Bitcoin’s (BTC) valuation has receded, leaving the market uncertain about the next trajectory for the maiden cryptocurrency. The surge in value was prompted by the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. Significantly, the impact of the ETF on Bitcoin seems to be diminishing, as investors appear ...
Authorities in Ukraine have busted a 29-year-old individual on the grounds of compromising cloud accounts to illegally mine cryptocurrencies. The arrest conducted on January 9 in Mykolaiv was a collaboration between Europol and an unidentified cloud service provider who apprehended the individual in what was described as a ‘sophisticated cryptojacking scheme,’ Europol said in a press statement on January 12. ...
MicroStrategy Inc. (NASDAQ: MSTR) suffered a tough hit following the Bitcoin spot ETF approval on January 10. Deemed as an indirect exposure to Bitcoin (BTC), Michael Saylor’s company now faces powerful Wall Street competitors. In a sequence of events, the SEC finally approved 11 ETFs for the leading cryptocurrency. In response, BTC traded as high as $48,965 a day after, ...
A strong risk management framework is essential for anyone looking to succeed in cryptocurrency trading. This approach safeguards investments amid the highly volatile and rapidly evolving crypto market conditions. In this context, traders can use different risk management strategies, with one key method being the avoidance of overextended cryptocurrencies. This strategy is particularly effective in protecting traders from sudden trend ...
The cryptocurrency space witnessed a momentous week, highlighted by the historic launch of the first-ever Bitcoin exchange-traded fund (ETF) in the United States. This development is expected to have a generally bullish impact on the sector. Following this product launch, the overall market experienced short-term price fluctuations primarily led by Bitcoin (BTC). While Bitcoin captures the spotlight, other undervalued cryptocurrencies ...
Vanguard Group, Inc. is one of the world’s largest investment firms, with $7.7 trillion in assets under management (AUM). The finance giant shocked the market by refusing to offer the recently approved Bitcoin ETFs to its brokerage’s customers. On January 11, Vanguard prevented its customers from gaining exposure to Bitcoin (BTC) through the now legally approved ETFs. As reported by ...
United States regulators finally approved the highly awaited spot Bitcoin exchange-traded fund (ETF), with analysts expressing that this move opens up more opportunities for the cryptocurrency sector. Indeed, there is a bullish sentiment regarding the product’s long-term impact, mainly due to its potential to attract institutional investors. In this context, there are speculations that such a product will likely spill ...
The Bitcoin spot ETF approval brought volatility to the cryptocurrency market, mostly favoring altcoins for the weekend. Meanwhile, smart money in and outflows hint at which cryptocurrencies profitable traders are accumulating and getting rid of. In onchain analysis, smart traders are active crypto addresses with a profitable history considering tokens’ inflow and outflow. If the address acquired tokens at a ...
