Bitcoin (BTC) is currently undergoing a sell-off, breaking below the $42,000 support level, prompting uncertainty about how low the asset may go. This sell-off became more evident in the last 24 hours, with Bitcoin experiencing an outflow of approximately $32.02 billion from its market cap, which stood at $806.72 billion at the time of writing. The downward trend follows Bitcoin’s ...
With the maiden crypto, Bitcoin (BTC), struggling and losing its value, some altcoins might present a good opportunity for investors to buy the dip. It appears that altcoins are currently poised for movement pending a signal from Bitcoin. Observations indicate that when the market exhibits positive momentum, altcoins experience a substantial surge in value, as per a post on X ...
Since its inception, Grok has rapidly gained traction among users of the social platform X (formerly Twitter) and those invested in cryptocurrency markets. Developed by xAI, which operates under Elon Musk‘s wing, Grok represents a cutting-edge AI in the tech billionaire’s portfolio. Grok distinguishes itself by claiming to be more receptive to diverse data streams. Its edge lies in real-time ...
XRP is often haunted by whale movements, such as the recent 440 million XRP whale and Ripple’s monthly sell-offs. Moreover, court developments on the SEC vs. Ripple case directly impact the token and investors’ confidence. In the meantime, the cryptocurrency trading expert Ali Martinez warned of a possible sell-off scenario brewing for XRP. Martinez posted a technical analysis on X ...
Bitcoin (BTC) proponents argue that the maiden cryptocurrency maintains bullish underlying fundamentals, with the recent approval of a spot exchange-traded fund (ETF) in the United States adding to its strength. In particular, SkyBridge Capital founder Anthony Scaramucci believes that Bitcoin will likely surpass $100,000 by 2025, citing the halving event’s impact, Reuters reported on January 15. Although the spot ETF ...
On January 18, Nuant joined the OpenWealth Association, contributing to advancing digital assets risk management within Swiss banking, WealthTech, and traditional finance, per the information shared with Finbold. In doing so, Nuant recently joined traditional finance entities such as Credit Suisse, LGT, VP Bank, and WealthTech firms like Assetmax and InvestSuite. This strategic partnership represents a noteworthy progression in crypto ...
Newborn Nine is how the ETF expert Eric Balchunas calls 9 of the 10 recently approved Bitcoin ETFs. These are competitors of the pioneer Grayscale Bitcoin Trust (GBTC), experiencing a capital outflow partially distributed to the Newborn. Notably, GBTC has lost a total of $1.62 billion worth of spot Bitcoin shares in the first four days. In the meantime, the ...
Franklin Templeton is a global investment firm that recently launched one of the new Bitcoin ETFs in the United States. Notably, the company added laser eyes in its profile picture, demonstrating full support and commitment to Bitcoin (BTC). However, further actions raised criticism of the tribe called Bitcoin maximalists, who first started using the laser-eyes meme. This happened after the ...
The presidential campaign is starting to pick up steam ahead of the elections later this year in the U.S., and former President Donald Trump, a prospective Republican candidate, just made an announcement that may prompt cryptocurrency investors to support him. In his address to his voters in Portsmouth, New Hampshire, on January 16, Trump shared his thoughts on a Central ...
For years, Binance has held its undisputed leading position among cryptocurrency exchanges, capturing well over 50% of the total market share. It, too, however, became another cog in the mechanism that has proven 2023 to be a decidedly mixed bag for the crypto market. On the one hand, it was a period of significant recovery for many cryptocurrencies and a ...
