Renowned cryptocurrency analyst JackTheRippler recently echoed the positive sentiments expressed by Ripple CEO Brad Garlinghouse regarding the future of the company’s native token, XRP. In a social media post, JackTheRippler referenced Garlinghouse’s previous interview with Bloomberg, where the CEO discussed XRP’s potential. Garlinghouse acknowledged that XRP’s value could see an uptick if certain challenges are … Read more
Silver has made a remarkable resurgence against Bitcoin (BTC) this year, reclaiming its position as the 8th largest asset by market cap after losing ground in March. Since Bitcoin hit a record high of $73,737 on March 14, silver has surged by 33.4%, while Bitcoin has retraced by 9.5%, according to data from CoinGecko. As … Read more
The US cryptocurrency sector is on edge as an important vote looms in Washington next week, amidst Bitcoin’s soaring value and increasing attention from Wall Street. The Financial Innovation and Technology for the 21st Century Act, known as Fit21, stands poised to potentially reshape the regulatory framework for digital assets. This legislation could either pave … Read more
Bitcoin (BTC) has seen a rise of over 8% this week, indicating continued interest from buyers even at lower price levels. Typically, traders tend to buy near support levels and sell near resistance levels when the price is within a range. This behavior suggests that BTC might test the upper range around $73,777, although breaking … Read more
The institutional interest in Bitcoin (BTC) has reached unprecedented levels, as indicated by the latest 13F filings submitted by major financial institutions to the United States Securities and Exchange Commission (SEC). CoinShares data reveals that there are presently over 1,900 holders of US Exchange-Traded Funds (ETFs), with the average Bitcoin allocation in portfolios standing at … Read more
In the past 24 hours, Bitcoin has continued its recent upward trend, reaching its highest price in over a month at just over $67,400. Ethereum has also joined the rally, breaking through the significant resistance level of $3,000 and surging above $3,100. Bitcoin faced significant challenges at the beginning of May, dropping to a multi-month … Read more
The Ordinals Summit is a conference focused on the emerging technology of Ordinals on the Bitcoin network. While there aren’t any confirmed events for 2024, the 2023 edition in Singapore provides a good idea of what the summit is all about. Here’s a breakdown: Focus on Ordinals: This event centers around Ordinals, a method for … Read more
Today, May 17, is a notable day in the cryptocurrency market as a significant volume of Bitcoin (BTC) and Ethereum (ETH) options contracts, totaling over $2.1 billion, are scheduled to expire. These contracts, characterized by put/call ratios of 0.63 for Bitcoin and 0.28 for Ethereum, are important indicators of market sentiment and potential price movements. … Read more
Cardano (ADA) experienced a downward trend on the daily chart, although it saw a 7.4% bounce from its lows on Wednesday. Technical analysis indicates that market bulls face a challenging task in reversing this trend. Bitcoin (BTC) also saw an 8% increase from its Wednesday lows, driving a rally across the market. However, despite its … Read more
In a notable indication of increasing acceptance within mainstream finance, Morgan Stanley has disclosed a substantial investment of $269.9 million in Bitcoin through Grayscale’s GBTC trust, as noted in its first-quarter 13F filing. This move positions the bank as one of the major holders of GBTC, second only to Susquehanna International Group, which holds a … Read more