Solana Mobile is gearing up to release its second smartphone following the unexpected performance of its inaugural crypto-enabled device, the Saga. The upcoming device seeks to uphold the essential characteristics of its forerunner, including a built-in crypto wallet, customized Android software, and a specialized dApp store catering to cryptocurrency applications, as reported by CoinDesk on January 16. In addition, the ...
Bitcoin (BTC) has continued to experience a sell-off since the approval of a spot exchange-traded fund (ETF), failing to live up to the hype experienced before the approval. In the wake of a regulatory nod for the product, Bitcoin retested the $49,000 mark, but the asset has corrected to currently trade above the $42,000 support zone. The sell-off has resulted ...
For a very brief time, an X post made by Whale Alert claimed that as much as 25.6 billion XRP were on the move from an unknown wallet to the Bitfinex cryptocurrency exchange. Given that the amount of cryptocurrency supposedly moved amounts to approximately half of all circulating supply of XRP, the post immediately raised eyebrows and was quickly removed ...
The wider ongoing surge in the prices of cryptocurrencies has brought most of its gains to altcoins, which are testing their resistance zones and exhibiting bullish patterns that are turning the heads of investors and analysts alike. Despite the market experiencing a retracement this week, most altcoins demonstrated resilience, maintaining their strength. In particular, they appear well-positioned to initiate the ...
The World Economic Forum (WEF) Davos conference, spanning five days, is underway from January 15, and it centers around the theme ‘Rebuilding Trust,’ delving into six crucial areas of economic resilience, energy transformation, globalization, productive artificial intelligence (AI), strengthening institutions, and women’s health. The 2024 event also marks another year in the ongoing presence of the crypto industry at the ...
The crypto market’s attention is shifting away from the Bitcoin exchange-traded fund (ETF) approval, with most digital assets failing to capitalize on the monumental event in the short term. Based on the price movement after the approval, the product can be deemed to have turned out to be a “buy the rumor, sell the news” event. Interestingly, the conversation around ...
With the gains starting to propel altcoins, Ethereum (ETH) seems to have had the best performance recently, as its price just reached an 18-month high. The move has prompted analysts to discuss the possibility of ETH attaining the $3,000 target, last reached in April 2022. The current Ethereum trend suggests a sustained upward trajectory. The upcoming quarter has a potential ...
With the previous week bringing gains for the cryptocurrency market, some digital assets displayed promising signals that might indicate their future movement. Dogecoin (DOGE) is one of those. The TD Sequential has recently generated a buy signal on the 3-day chart for Dogecoin. The probability of a resurgence to $0.100 or beyond appears favorable, contingent upon the sustained stability of ...
Although the general cryptocurrency space is experiencing a bearish trend, primarily attributed to the diminishing excitement surrounding the Bitcoin exchange-traded fund (ETF), XRP stands out as one of the most affected cryptocurrencies. The token has suffered significant losses recently, falling below the $0.60 support level. In response to this trend, analysts are now forecasting substantial declines in the valuation of ...
After reaching a two-year high of almost $49,000, Bitcoin’s (BTC) valuation has receded, leaving the market uncertain about the next trajectory for the maiden cryptocurrency. The surge in value was prompted by the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. Significantly, the impact of the ETF on Bitcoin seems to be diminishing, as investors appear ...
