With the anticipation of the first spot Bitcoin (BTC) exchange-traded fund (ETF) fueling a rally in the cryptocurrency sector, Cardano (ADA) is keeping up with the sentiment, adding over 6% to its price in a single day as it moves to overturn the losses from previous weeks. Furthermore, Cardano is demonstrating a chart pattern eerily similar to its price action ...
As many assets in the cryptocurrency market take a more bullish turn, Solana (SOL) is no exception, having raced nearly 13% in one day as it follows the cue from the industry’s representative, Bitcoin (BTC), and prepares for more significant price gains in the near future. Indeed, Solana is demonstrating signs of forming a bull flag on its hourly chart, ...
Last year was fairly dynamic for Avalanche (AVAX) as It was marked by a string of major partnerships including the ones with the gaming company BLRD and a key provider of cloud computing infrastructure – Amazon’s (NASDAQ: AMZN) AWS. In the final months of 2023, AVAX was also making interesting moves on the crypto market – both in terms of ...
As the week starts, the broader cryptocurrency market is witnessing losses in what might be a wary response to the possible approval of a spot Bitcoin ETF. Altcoins are facing challenges as the week of the potential Bitcoin ETF approaches. This is unsurprising given the current emphasis on Bitcoin (BTC). However, momentum is expected to return to altcoins after the ...
Amid his repeated warnings of an upcoming crash of multiple markets, renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has shared what he believes are the best investments for 2024. Specifically, in Kiyosaki’s view, commodities and resources are the superior investment in 2024, and the best conference to learn more about this ...
With Bitcoin (BTC) price hanging around the $44,000 zone and trading sideways for the past few days, investors are wondering whether the trend could change in the near future, particularly amid the looming possibility of an approval of the first spot Bitcoin exchange-traded fund (ETF). As it happens, Bitcoin is looking at one of the strongest support walls between $42,560 ...
After a sudden dip that retraced the Bitcoin (BTC) price, this flagship crypto is slowly recuperating, and one pattern can be a sign of bullish things to come. BTC has recently experienced a significant event in the trading realm known as the “Golden Cross.” This occurrence marks the first time this bullish pattern has manifested on the weekly chart, as ...
Próspera ZEDE, the Honduras special economic zone, has officially recognized Bitcoin (BTC) as a unit of account. This move effectively acknowledges the legitimacy of the cryptocurrency in diverse commercial, tax, and financial transactions. The announcement, disclosed on January 5 by Jorge Colindres, the acting manager and Tax Commissioner of the zone, outlined the conditions under which legal entities can adopt ...
XRP has undergone a sharp short-term price correction after trading within a consolidated zone for several months despite gaining partial legal clarity that deemed it not a security. As the new week begins, XRP and the broader cryptocurrency market face critical moments, with all eyes on the anticipated spot Bitcoin (BTC) exchange-traded fund (ETF) approval. This event is closely monitored ...
Network scalability and transaction capacity are common topics of fundamental analysis on cryptocurrencies. In this context, sharding started becoming a popular solution, implemented by promising blockchains. Essentially, sharding transforms and optimizes blockchain scalability and performance. This technique partitions a blockchain into smaller, more manageable pieces, or “shards.” Each shard holds a segment of data, lightening the load for individual nodes. ...
