Ripple has already sold half of the 200 million XRP reserved for its treasury, following the unlock of 1 billion tokens in January. On January 16, the company spent 80 million from the second half of the reserved tokens, which could create selling pressure on exchanges. Notably, Ripple sent the 80 million XRP, worth $45.6 million, to the same account ...
Since its launch, Grok has conquered the attention of X (formerly Twitter) users and cryptocurrency enthusiasts. Grok is an artificial intelligence model developed by xAI, an X subsidiary owned by Elon Musk. Elon Musk’s AI differentiates itself from other models because it is supposedly a more “open-minded” model. It also provides relatively updated information due to its capacity to directly ...
Cryptocurrency whales are both feared and respected due to their accomplishments and impacts on the cryptocurrency market. Now, an XRP whale has made investors tremble, looking for its next move. The whale in question moved over 443 million XRP tokens from ‘ra9cJ…Lg4Gf’ to ‘rudsb…TVYdG’ on January 16. Notably, the latter is a recently opened address, which could belong to the ...
One of the most controversial expectations in the cryptocurrency market is known as “the flippening.” The flippening is the forecast of Ethereum (ETH) surpassing Bitcoin (BTC) in market capitalization, which is both praised and criticized. Interestingly, QCP Capital foresees Ethereum outperforming Bitcoin in price appreciation in 2024, according to a January 17 market update. The trading firm specializing in digital ...
JPMorgan (NYSE: JPM) CEO Jamie Dimon has extended his long-term criticism of Bitcoin (BTC), where he considers the maiden cryptocurrency to lack real-world use cases besides promoting illicit vices such as money laundering. In his latest stance, Dimon vowed not to offer his opinions about Bitcoin in the future, stressing that his views on the asset are already known. He ...
After many trials and tribulations – and even a string of bankruptcies – Bitcoin (BTC) miners have been able to catch a break in late 2023 with a significant rally in the price of the world’s foremost cryptocurrency. The New Year saw a new trend with these companies as they started selling their cryptocurrency en masse. As of January 17, ...
With January bringing a mixed bag of gains and losses for the cryptocurrency market, Solana (SOL) has held steady and established a new support zone that could propel it toward its previously all-time high levels. Solana experienced a breakout from a bull flag formation, which is evident on the 4-hour chart. A sustained closure above the $106 threshold could initiate ...
Although the spot Bitcoin exchange-traded fund (ETF) rollout did not have the short-term desired effects on the general cryptocurrency market, the product’s performance can be considered remarkable. In particular, the ETFs accumulated a staggering $9.6 billion in trading volume within the first three days of their launch, according to data by Bloomberg Intelligence ETF analyst James Seyffart. Based on the ...
With Dogecoin (DOGE) currently holding the top spot as the leading meme cryptocurrency in market capitalization, the community remains focused on its price trajectory, with the ambitious goal of reaching the $1 mark. The likelihood of DOGE achieving this milestone remains a subject of speculation, considering the token’s tendency to follow the broader crypto market regarding trading patterns. Moreover, the ...
Recently, publicly traded cryptocurrency-related companies have taken center stage in the financial world, particularly after the approval of the Bitcoin spot exchange-traded fund (ETF). Traditionally, the performance of these companies in the stock market has exhibited a significant correlation with the overall trajectory of the cryptocurrency sector. The spotlight remains on the performance of these companies, especially as the cryptocurrency ...
