Following the launch of the spot Bitcoin exchange-traded fund (ETF), the value of the maiden cryptocurrency has experienced a decline after briefly revisiting the $49,000 level. Attention has now shifted to Bitcoin’s (BTC) short-term price trajectory, with the cryptocurrency facing the risk of losing the crucial $40,000 support. Indeed, there was widespread speculation that Bitcoin might drop further after the ...
Grok, an artificial intelligence (AI) developed by xAI under Elon Musk’s guidance, has quickly gained popularity on X (formerly Twitter) and in the crypto world. The model processes diverse data streams and has real-time analysis of X’s user-generated content. Previously, Grok made waves by choosing an ideal cryptocurrency for payments on X. In the meantime, cryptocurrencies are getting ready for ...
Cardano’s (ADA) DeFi ecosystem finally surged in 2023 after years of developments, promises, and awaiting. This growth fueled the demand for its native token ADA, renewing investors’ confidence and forecasts. Much of Cardano’s past price action was mostly speculative in future deliveries that started happening recently. Notably, the speculative nature was enough for a bull run to $3.00 in 2021, ...
The interest in NFTs has cooled since its peak in 2021 and 2022, with a volume shrink and fewer projects surging in the market. Nevertheless, Bitcoin (BTC) and Solana (SOL) surged as the preferred home of new NFT deployments. In particular, three out of every four NFT launches in 2023 happened either on Bitcoin or Solana. The former captivated enthusiasts ...
The cryptocurrency market is experiencing bearish sentiments in the short term, primarily driven by Bitcoin (BTC), which is presently struggling to sustain its valuation above the $41,000 mark. Despite this, there is a consensus that a potential rally may occur. As a result, various cryptocurrencies are viewed as investment prospects, driven by the positive sentiment surrounding them. Against this backdrop, ...
Solana‘s (SOL) remarkable 2023 performance has made it a standout among cryptocurrencies. Finbold then turned to Grok, an artificial intelligence (AI) developed by Elon Musk’s xAI, for insights into SOL for 2024. Notably, the blockchain’s total value locked (TVL) has soared, reflecting increased user confidence. Institutional money flows have also shown a strong preference for Solana. This success can be ...
Economist Peter Schiff, a well-known Bitcoin (BTC) critic and advocate for gold, has gained popularity for his skepticism regarding the maiden cryptocurrency, asserting that it is destined for a collapse. Amid his public criticism, Schiff once acknowledged owning Bitcoin, but he no longer has access to it. Notably, in an X (formerly Twitter) post on January 19, 2020, Schiff noted ...
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 ...
