Bitcoin (BTC) lost over 15% of its value from January 11 highs to its lows on January 12. This sudden price shift caused a bearish sentiment to surge, encouraging traders to bet against the leading cryptocurrency. In this context, Bitcoin could be on the verge of seeing a short squeeze, making its price soar. Not only did Bitcoin suffer from ...
Ethereum (ETH) has reached yet another remarkable achievement, dominating decentralized finances (DeFi) total value locked (TVL) by 80%. Meanwhile, its native token, Ether, aims at the $3,000 price zone, threatening a short squeeze soon. Remarkably, the total value locked on Ethereum’s first layer surged 231% in the last 24 hours to $100.31 billion. This sums up to recent increases, resulting ...
In a recent interview, Larry Fink, CEO of BlackRock Inc. (NYSE: BLK), showed optimism about the tokenization of financial assets. Following BlackRock’s lead, Finbold turned to ChatGPT-4 for insights into promising cryptocurrencies focused on tokenization. Bloomberg Television broadcasted the aforementioned interview on January 12, post-Bitcoin ETFs approval. On that, Larry Fink explained what he thinks are the next steps in ...
Injective (INJ) had an impressive run in 2023 with over 3,300% gains from its lowest to its current price. Collecting the spoils afterward, the team will unlock nearly $150 million in tokens on January 20. This token unlock comes from Injective’s genesis distribution, which is partially locked in vesting contracts. Notably, 3.67 million INJ will be at the team’s and ...
Ripple has been in a legal battle with the United States Securities and Exchange Commission (SEC) for years, accused of selling unregistered securities in the form of XRP tokens. Despite the court declaring that the tokens are not securities, the case is ongoing with a potential appeal. In an unexpected turn, Ripple has shared its possible status as a federal ...
In the short term, the spot Bitcoin exchange-traded fund (ETF) launch has failed to meet market expectations regarding the valuation of most assets. Indeed, the approval turned out to be a “buy the rumor, sell the news” event, with Bitcoin (BTC) briefly retesting the $49,000 mark before correcting amid an over $80 billion outflow in market cap. In an X ...
Despite being a popular meme coin, Shiba Inu (SHIB) is one of the few notable cryptocurrencies that have failed to surge in the late 2023 crypto market rally. In fact, unlike many other coins and tokens, its price in January 2024 is below what it was in January 2023 – a time when the “crypto winter” still dominated the market. ...
Despite gathering significant momentum in the final quarter of 2023, the crypto market entered the New Year with a bit of a limp. On the one hand, the world’s major cryptocurrencies have, as a rule of thumb, remained close to their December highs – and significantly above the prices seen throughout the bulk of the “crypto winter.” On the other ...
The global blockchain ecosystem, Binance, announced the achievement of a significant milestone with its copy trading product, with a cumulative weekly average trading volume surpassing $2 billion during the initial three months since its inception in October 2023, as per the latest information shared with Finbold on January 16. The robust expansion and substantial traction further solidify Binance’s prominent position ...
Last year, and particularly in its final quarter, Bitcoin (BTC) – along with much of the crypto market – underwent a significant rally, rising from approximately $16,000 in January 2023 to as high as $44,000 in December 2023. The start of this year, however, has been characterized by optimism, uncertainty, and volatility. By press time, the world’s foremost cryptocurrency rose ...
