In the recent days, the cryptocurrency market has experienced a significant amount of volatility. For example, Bitcoin (BTC) saw its price soar close to $70,000 on July 29th, only to drop below $66,000 the next day. Currently, it is trading around $66,300 according to CoinGecko. This drastic correction in price was further highlighted by news
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The Elliott Wave theory has gained significant popularity among Bitcoin analysts for its effectiveness in predicting the future movement of the cryptocurrency’s price. One pseudonymous crypto analyst, XForceGlobal, recently utilized this theory to estimate the potential next steps for the price of Bitcoin. In the analysis shared on TradingView, XForceGlobal applied the 5-wave Elliott Wave
Cardano (ADA) is currently facing a crucial juncture as it grapples with the possibility of an inverted hammer formation on its weekly chart. This pattern symbolizes potential buying pressure taking over early selling, hinting at a trend reversal from bearish to bullish. However, amidst this glimmer of hope, ADA’s technical indicators are sending mixed signals.
In a recent interview, pseudonymous trader and analyst Roman made a bold prediction regarding the short-term expectations for Ethereum’s price. He stated that investors should lower their expectations as he doesn’t see Ethereum performing well in the next few months. Roman believes that Bitcoin is currently absorbing all the liquidity in the market, causing altcoins
Jonathan Mann and Brian L. Frye, both well-known figures in the digital art world, have recently filed a lawsuit against the US Securities and Exchange Commission (SEC) regarding the classification of NFTs as securities. This case has sparked a heated debate within the art community about the implications of treating digital art as traditional investments.
Doodles has recently launched their Super Pass on Coinbase’s Base, an Ethereum layer-2 scaling network, marking a significant milestone in their transformation from a mere collection of NFTs to a full-fledged Web3 entertainment company. Among their latest offerings is DoodlesTV, a part of The Stoodio on the Doodles site, which leverages Web3 technology to redefine
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, attracting the attention of institutional investors. The influx of capital from these investors suggests a growing interest in Cardano and could potentially signal an uptrend in the near future. CoinShares, a prominent firm in the crypto ETP industry, reported that digital
Samuel Edyme, known by the nickname HIM-buktu, is a multifaceted individual who has delved into various fields such as web3 content writing, journalism, and trading. Despite facing initial setbacks in the form of a Ponzi scheme that led to his introduction to the crypto world, Edyme did not succumb to defeat. Instead, he utilized this
BlackRock, one of the largest asset management firms in the world, recently confirmed that it has no immediate plans to launch a Solana (SOL) ETF. This decision comes despite the incredible success of the company’s Bitcoin and Ethereum spot ETFs that were launched earlier this year. Samara Cohen, BlackRock’s Chief Investment Officer, stated during an
21Shares, a part of 21Shares AG, recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This integration aims to enhance the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). By utilizing Chainlink’s decentralized computing platform, 21Shares ensures that investors have clear visibility into the Ether reserves
Goldman Sachs CEO David Solomon recently shared his views on Bitcoin, stating that it could potentially serve as a store of value similar to gold. While Solomon has never been a vocal critic of Bitcoin, he still maintains a cautious approach towards the cryptocurrency. He regards Bitcoin as a speculative investment with no clear use
The US Securities and Exchange Commission (SEC) has taken steps to amend its original complaint against Binance in a move that may potentially eliminate the need for a court ruling on tokens previously classified as securities. The SEC’s filing on July 30th disclosed its intention to notify Binance, its US affiliate, and founder Changpeng Zhao
In the wake of the US government’s decision to move $2 billion worth of bitcoin holdings to a new address, the cryptocurrency market experienced a significant drop, with Shiba Inu (SHIB) seeing a 3% decrease in its price. This sudden decline raised concerns among investors, but is this just a temporary setback or a sign
The landscape of cryptocurrency trading is undergoing a significant transformation, with decentralized exchanges (DEXs) now emerging as strong contenders against centralized exchanges (CEXs). The founder of Uniswap, Hayden Adams, recently pointed out that DEX market share is at an all-time high relative to CEX. This shift is evident in the rising trading volumes on DEX