Ethereum’s price surge in the early months of 2024 has been a sight to behold, with gains of over 30% in just under two months. One of the key indicators of growing investor confidence in the market has been the significant movement of Ethereum tokens out of exchanges. According to CryptoQuant’s Exchange Reserve metric, more
admin
The cryptocurrency market has been buzzing with the upcoming launch of Mollars (MOLLARS), a new token set to enter the scene on May 1st. With its presale already gaining traction on the Ethereum Blockchain, Mollars is positioning itself as a reliable store of value (SoV) with promising opportunities for compound growth post-ICO. The project has
Matrixport, a crypto financial services platform, has once again made a bullish prediction for the Bitcoin price. This time, they forecast that Bitcoin will surge to $63,000. This projection is notably higher than their previous prediction of $50,000 by the end of January, which did not materialize as expected. The ambitious target of $63,000 is
The Energy Information Administration (EIA) recently faced backlash from members of the crypto mining sector, leading to the suspension of a survey aimed at collecting data from crypto mining firms. The lawsuit, launched by Riot Platforms and the Texas Blockchain Council, raised concerns about the EIA’s data collection practices, prompting the agency to halt enforcement
Ethereum saw a brief surge above $3,000 this week, signaling a 4% price increase. However, the cryptocurrency soon entered a period of correction, potentially re-testing the key support level at $2860. The ability of buyers to maintain momentum and reclaim $3,000 will be crucial in determining the market direction. Failure to do so could invite
February 23, 2024 marks a significant period for the Wall Street Memes ecosystem as it prepares for a major burn event. This event is set to impact the growth and dynamics of the GambleFi project. With $WSM price analysis at the forefront, it is essential to delve deeper into how this development could influence the
A recent technical analysis by crypto analyst Ali Martinez, known as @ali_charts on social media, has brought to light a potential sell signal on the three-day chart for Cardano (ADA) against the US dollar. This analysis, shared on X on February 23, has raised concerns among ADA traders due to the emergence of a bearish
Bitcoin Exchange-Traded Funds (ETFs) have recently been launched by industry giants BlackRock and Fidelity, leading to massive net inflows of $5.278 billion into all Bitcoin ETFs. Despite this, the price of Bitcoin has only appreciated by 4.3% since the launch of these ETFs. Market observers are puzzled by this relatively subdued response, considering the significant
Kraken, a prominent cryptocurrency exchange, has been at odds with the US Securities and Exchange Commission (SEC) over allegations of operating unlawfully as an unregistered securities exchange. The SEC’s decision to sue Kraken following the firm’s advocacy for regulatory reform raises questions about the agency’s motives. By targeting Kraken for its political speech, the SEC
The price of Bitcoin (BTC) appears to be showing signs of losing momentum following its recent bullish breakout to the $52,000 price level. However, there are some patterns being observed that indicate a potential for further optimism in the near future. Titan of Crypto, a prominent cryptocurrency analyst, recently shared a compelling prediction for Bitcoin
