With the cryptocurrency community eagerly waiting to see if the United States Securities and Exchange Commission (SEC) will finally approve the first spot Bitcoin (BTC) exchange-traded fund (ETF), the maiden crypto asset is witnessing a massive spike in whale transactions. Specifically, in the 24 hours before press time, Bitcoin has experienced its greatest increase in transactions amounting to over $100,000 ...
Volume is cooling off for the cryptocurrency derivatives market. Most projects have registered 50% losses on their 24-hour volume, which might diminish the expected daily volatility. Nevertheless, the sharp observer can always spot a short-squeeze opportunity, even in low-volume scenarios. With that in mind, Finbold retrieved data from CoinGlass on January 5 to identify the most likely cryptocurrencies to suffer ...
Although 2024 has started positively for many cryptocurrencies, this has not been the case for Shiba Inu (SHIB), which has only started to make an effort to reverse its losses, and the data compiled by the artificial intelligence (AI) platform ChatGPT suggests a wide trading range this year. Indeed, Finbold has asked ChatGPT-4, the most recent model of the celebrated ...
As the week wraps up, the cryptocurrency market has had a couple of volatile days, which saw a dip in value and gradual retracement towards previous levels, offering enticing investment possibilities. Finbold’s crypto market analysis has pinpointed four digital assets that distinguish themselves through recent price shifts, increased investor attention, or notable development initiatives. These selections present appealing investment opportunities ...
Solid risk management is what usually backs a winning cryptocurrency trading strategy. Avoiding unnecessary risk exposure is key when speculating with the unpredictable, highly volatile, and fast-changing crypto market. In general, traders can use different risk management strategies. Avoid trading overextended cryptocurrencies is one of them, proving useful to prevent exposure from possible trend shifts. Specifically, the Relative Strength Index ...
Amid widespread regulatory scrutiny against the cryptocurrency industry in the United States, South Korea’s top financial regulator has joined in and suggested a ban on using credit cards to purchase or sell cryptocurrencies, citing illegal overseas outflows of domestic funds and money laundering risks. Specifically, the country’s Financial Services Commission (FSC) has associated the credit card purchases of crypto assets ...
Despite a rather broad rally in the crypto market in late 2023 that saw multiple cryptocurrencies, including the likes of Bitcoin (BTC) and Ethereum (ETH), surge to highs not seen in well over a year, few have shot up as much as Solana (SOL). In the last 52 weeks, SOL rose more than 800%, having stood near $11 at the ...
With the majority of assets in the cryptocurrency sector pausing the gains they accumulated in the past weeks, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is no exception, having dropped below the previous price level of above $2,300. Indeed, according to the renowned crypto trading expert Michaël van de Poppe, Ethereum “has a big gap to gain in order ...
Solana (SOL) was one of the best-performing cryptocurrencies in 2023, surging by 920% in the year. Part of this was due to an increased network activity, bringing more value to the ecosystem and more demand for its native token. In particular, the Solana network has seen an increase of approximately 600,000 more active addresses in a month. Daily active addresses ...
Not a day has passed since Jim Cramer, a media personality best known for his hosting of CNBC’s “Mad Money,” stated that ‘you can’t kill BTC’ on air on January 2, when the world’s foremost cryptocurrency, along with numerous other coins and tokens, dropped significantly. In fact, in a matter of minutes, Bitcoin (BTC) fell from above $45,000 to below ...
