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Showing posts from September, 2023

Understanding the Dynamics Behind XRP's Price: Market Forces vs. Chart Patterns

In a recent Twitter discussion, crypto enthusiasts engaged in a spirited debate over the factors influencing the price of XRP. Versan Aljarrah, a prominent voice in the crypto community, argued that chart patterns alone do not determine XRP's price; instead, it's a reflection of prevailing market forces. Sentiment Result : Neutral

Ethereum ETFs Saga: Former CFTC Officer Reveals Unexpected Effects of SEC Loss

Mike Selig, cryptocurrency and finance lawyer at Willkie Farr & Gallagher LLP and former CFTC official, is sure that the midterm effects of Grayscale's legal win over the SEC should not be underestimated. All ETF applicants might benefit from it, let alone the Binance (BNB) and Coinbase exchanges. Sentiment Result : Positive

Ethereum's Price Poised for Extended Rally as Bulls Stand Firm

The price has recently surpassed the critical resistance zone at approximately $1656. If the bulls can sustain this momentum, there's a possibility that the price could test the $1710 level. Sentiment Result : Positive

Ripple Proper Party: Here's What Happened At The Victory Party

The crypto world recently witnessed a spectacular celebration, known as the “Proper Party,” hosted by Ripple on September 29 in New York City. It was more than just a typical gathering. Sentiment Result : Positive

Ripple v. SEC: Pro-XRP Lawyer Says This is the Regulator's Dumbest Argument

The SEC will try everything to change the court's stance but it could only postpone Ripple's final victory, Deaton argued. Sentiment Result : Positive

Bitcoin Rallies, Testing New Heights Amidst Short Squeeze and Positive Signals

In an eventful turn of events, Bitcoin (BTC) has made significant strides in its price action, testing the $27,000 threshold as it grapples with a classic short squeeze and optimistic market signals. This surge in BTC price comes at a pivotal moment, with the monthly close looming on the horizon. Sentiment Result : Positive

XRP's Anticipated Surge: Ripple's ‘Proper Party' Sparks Hope for a Bullish Comeback

In the fast-paced world of cryptocurrencies, XRP enthusiasts are brimming with excitement as they prepare to celebrate Ripple's landmark legal victory against the U.S. Securities and Exchange Commission (SEC). This victory comes after a long-standing court battle that alleged Ripple's XRP violated U.S. securities laws by being an unregistered token. Sentiment Result : Positive

Crypto Markets Spring to Life: Bitcoin and Ethereum's Sharpe Ratios Surge, Attracting Throngs of Investors

In a remarkable turn of events, the cryptocurrency market is staging a spectacular comeback, offering investors newfound hope and optimism. The catalyst behind this resurgence? Sentiment Result : Positive

Ethereum Shows Promise, Eyes Resistance at $1,670: A Technical Analysis

Ethereum is exhibiting a renewed vigor, attempting to climb past the $1,620 mark. Currently, ETH is transacting above this threshold, further bolstered by the 100-hourly Simple Moving Average. Sentiment Result : Positive

Bitcoin Experiences Momentary Price Drop on Binance Due to Technical Glitch

In an unexpected twist in the world of cryptocurrencies, the price of Bitcoin (BTC) briefly plummeted to an astonishingly low $2,706.20 during trading on the world's largest cryptocurrency exchange, Binance. This sudden dip in Bitcoin's value sent shockwaves through the crypto community, reminiscent of a similar incident in 2017. Sentiment Result : Negative

Bitcoin's inflation-hedge theory tested as rising interest rates bring turbulence to markets

The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare? Sentiment Result : Negative

Bitwise shifts gears: Ethereum Futures ETFs take center stage amid Bitcoin ETF challenge

Bitwise Asset Management, the leading crypto index fund manager in the United States, has filed Form 8-As for two new Ethereum futures ETFs, AETH and BTOP. These ETFs are scheduled to be listed and commence trading on Monday, October 2. Sentiment Result : Positive

Biggest Movers: XRP Hits 1-Month High, SOL Back Above $20

XRP was one of Friday's notable crypto gainers, rallying to a one-month high earlier in today's session. Bullish sentiment returned to end the week, with the global market cap trading nearly 1.5% higher as of writing. Solana also surged, moving back above the $20.00 mark. Sentiment Result : Positive

Ethereum's Holesky Test Network Launches Successfully After Initial Setback

After an anticlimactic false start, Ethereum developers regrouped for a successful second attempt at launching the critical Holesky test network. The new blockchain test environment will empower researchers to safely experiment with ambitious upgrades aimed at supercharging Ethereum's scalability and performance. The Holesky genesis event commenced without issues around 8:10 a.m. Sentiment Result : Positive

Developers relaunch Ethereum testnet Holesky

Ethereum developers have relaunched the Holesky testnet after its initial rollout on Sep. 15 failed due to significant network misconfigurations Sentiment Result : Negative

Valkyrie Breaks Ground with Dual Cryptocurrency ETF: Ethereum Futures Now in Play

Valkyrie has expanded its offerings by incorporating Ethereum (ETH) futures contracts. This innovative approach arises after the firm received the nod to transform its established Bitcoin futures exchange traded fund (ETF) into a dual cryptocurrency vehicle. Sentiment Result : Positive

'Rich Dad Poor Dad' Author Issues Another Bitcoin (BTC) Buy Signal

"Rich Dad Poor Dad" author Robert Kiyosaki has sounded another alarm to his more than 2.4 million followers on the X app as it concerns the potential valuation of Bitcoin (BTC) and other assets in the near term. Sentiment Result : Positive

BTC Price Analysis: Will Bitcoin Cross $30K This October?

Last night in the Asian markets, Bitcoin skyrocketed to form a massive green candle with a 2.52% jump in BTC price. As for why Bitcoin is rising – the US lawmakers have asked the SEC to approve Bitcoin spot ETFs already, saying there's no good reason to keep denying them. Sentiment Result : Positive

Ripple's Chief Lawyer Bashes SEC Chair Gensler For His Shocking Answers During Hearing

Stuart Alderoty takes a stab at Gary Gensler following a recent hearing. Sentiment Result : Negative

Don't Miss the Boom: 7 Cryptos Set to Explode Higher

These are the cryptos to buy for multibagger returns in the next 24 months Sentiment Result : Positive

US SEC delays its decision on Blackrock's spot Bitcoin ETFs yet again

On 28 September, the delay of the approval of BTC ETFs came to light. The SEC chair, Gary Gensler cited that the approval was still under active consideration. Sentiment Result : Neutral

SEC Further Delays BlackRock's Spot Bitcoin ETF Application Amidst a Swell of Institutional Interest

The US Securities and Exchange Commission (SEC) yet again deferred the decision on spot Bitcoin ETF applications from leading financial giants BlackRock, Valkyrie, and Bitwise. Sentiment Result : Negative

Bitcoin Miner Marathon Mines Invalid BTC Block

MARA confirmed generating an invalid Bitcoin block at height 809478 due to incorrect transaction ordering. Sentiment Result : Neutral

What Are Ethereum Blobs, and How Do They Boost Scalability?

Ethereum's proto-danksharding introduces a new concept called blobs. Sentiment Result : Positive

Ethereum (ETH) Sparks Altcoin Sell-off with Record Liquidations

Over $16 million worth of Ethereum options liquidated in under 24 hours. Ethereum's price dropped nearly 1% to $1,600 due to the liquidation. Sentiment Result : Negative

Bitcoin Price Eyes Strong Comeback as Bulls Striving Hard

The price witnessed a sudden spike yesterday rallying all the way till 26,800. If the price manages to go past the $26,800 mark then it will likely rally further. Sentiment Result : Positive

Ethereum Developers Try for Second Time to Launch New Holesky Test Network

The original planned launch date of Holesky, on Sept. 15, was supposed to celebrate the one-year anniversary of Ethereum's historic “Merge” transition. Sentiment Result : Positive

Bitcoin Faces Turbulence Ahead of Fed Hearing and Celsius' Major Move

The flagship cryptocurrency is trading at $26,800 at the time of writing, up 2.73% in the past 24 hours. The rally comes after a stagnant week in which Bitcoin fell from above $27,200. Sentiment Result : Neutral

Is Bitcoin price going to crash again?

Bitcoin is still down 60% from its November 2021 all-time high so many traders are wondering if BTC price could crash further in the coming months. Sentiment Result : Negative

Marathon Digital's Experiment Results To Invalid BTC Block

According to the firm, the invalid block was mined as a result of an experiment on optimization. Sentiment Result : Positive

Blackrock, Fidelity, and Grayscale Bitcoin ETFs Hang in Balance at Congressional Hearing Crypto Market Awaits Possible Turning Point

Gary Gensler, the SEC Chair, is preparing for an awaited appearance before the House Financial Services Committee. The air is thick with anticipation as a bipartisan mix of the committee's members presses Gensler to give the green light to spot Bitcoin ETFs by giants such as Blackrock, Fidelity, and Grayscale. Sentiment Result : Positive

Breaking: US SEC Speeds Up Launch Of Ethereum Futures ETFs

Ahead of the potential US government shutdown, the U.S. Securities and Exchange Commission (SEC) is reportedly accelerating the launch of the Exchange-Traded Funds (ETF). If things go as planned, the Valkyrie Bitcoin and Ether ETF could be launched by next week, according to Bloomberg analysts. Sentiment Result : Positive

US Lawmakers Urge SEC to ‘Immediately' Approve Spot Bitcoin ETFs — Say There's No Reason to Deny Applications

Four U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to immediately approve spot bitcoin exchange-traded funds (ETFs). Sentiment Result : Positive

SEC Plays Hardball with Bitcoin ETF Proposals, Sets New Deadlines

The SEC fuels frustrations among investors, who now find themselves playing yet another waiting game. Sentiment Result : Negative

Realistic Ripple (XRP) Price Prediction for This Cycle

"Brace yourself for the $2 range; this is where the FOMO phenomenon is poised to ignite like wildfire," EGRAG CRYPTO opined. Sentiment Result : Positive

Ethereum DeFi TVL Faces Significant Drop in 2023 – What Lies Ahead for the Crypto Market?

In a significant turn of events in the crypto world, Ethereum's DeFi Total Value Locked (TVL) has taken a nosedive, raising questions about the future of the crypto market. As Ethereum's price grapples with selling pressure and diminishing volatility levels, it's imperative to delve into the implications of this plunge and whether the much-anticipated crypto bull run is still on the horizon. Sentiment Result : Negative

What Happens When Bitcoin Miners Mine an Invalid Block?

Multiple nodes verify the transactions in the Bitcoin network. Hence, while Marathon Digital mined an invalid block, other nodes rejected it. Sentiment Result : Neutral

The SEC Delays Bitcoin ETF Despite Congressional Pressure For Approval

The U.S. Securities and Exchange Commission has once again pushed back its decision on a Bitcoin Exchange-Traded Fund. Sentiment Result : Negative

When will SEC Approve Bitcoin ETF and Ethereum ETF?

The narrative surrounding Bitcoin ETF and Ethereum ETF has become a focal point in the crypto community. When will the sec finally approve? Sentiment Result : Neutral

Cryptocurrency Market Update: Bitcoin's Steady Stance at $26K, MKR Surges 10% Weekly

In the ever-evolving world of cryptocurrencies, the past week has seen some intriguing developments. While Bitcoin has been relatively stagnant at the $26,000 mark, MakerDAO's native token, MKR, has taken center stage with an impressive 10% surge over the week. Sentiment Result : Positive

US SEC Postpones Decision on ARK 21Shares Spot Bitcoin ETF to January 2024

The SEC has now postponed decisions on several spot BTC ETF applications, including ARK 21Shares, Valkyrie, WisdomTree, VanEck, and Bitwise. Sentiment Result : Negative

Unmasking Politics Behind Delayed Bitcoin ETF Approval

Mike Belshe, the CEO of BitGo, a cryptocurrency exchange, recently shared his insights on the challenges surrounding the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Sentiment Result : Neutral

Why Bitcoin, Ethereum, Dogecoin Are Dipping Today?

Major cryptocurrencies experienced a decline on Tuesday evening, reflecting the growing acceptance of the notion of prolonged higher interest rates in financial markets. Sentiment Result : Negative

US SEC Delays ARK Spot Bitcoin ETF Filing In Early Decision

The U.S. Securities and Exchange Commission (SEC) has on Tuesday, September 26, 2023 took a decision to delay the ARK Invest 21Shares spot Bitcoin Exchange Traded Fund (ETF) filing. This could effectively narrow down any chances of a spot ETF approval within 2023. Sentiment Result : Negative

SEC Again Delays Decision on Ark's Bitcoin ETF Filing

The SEC made the call this week, even though it wasn't required to issue a decision until November 11. Sentiment Result : Negative

U.S. Legislators Press SEC's Gensler To Approve Spot Bitcoin ETFs ‘Immediately'

Top lawmakers in the United States have called on the Securities and Exchange Commission (SEC) to urgently approve spot Bitcoin exchange-traded fund (ETF) applications following a landmark court ruling. Sentiment Result : Neutral

OKX releases 11th proof-of-reserves, includes Ethereum 2.0 staking

OKX's eleventh Proof-of-Reserves report reveals marked growth in user-held assets and incorporates ETH 2.0 staking data for the first time. Sentiment Result : Positive

Bitcoin's Incremental Climb: What Lies Ahead for the World's Premier Cryptocurrency?

In the fast-paced world of cryptocurrencies, every fractional move in Bitcoin's price is scrutinized, and today, we delve into the subtleties of its recent 0.35% price increase, pushing it to $26,289.36. While this may not be a breathtaking surge, it's an opportune moment to analyze key Bitcoin metrics and glean insights into the current state of the crypto giant. Sentiment Result : Positive

US Treasury sanctions Ethereum wallet tied to cartel over 'illicit fentanyl trafficking'

An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States. Sentiment Result : Negative

BlackRock Heavily Invested in Bitcoin (BTC) Mining, Top Analyst Confirms

A recent disclosure by crypto analyst Jamie Coutts, associated with Bloomberg Intelligence, has unveiled BlackRock's substantial involvement in Bitcoin (BTC) mining. The revelation may raise many eyebrows, given BlackRock's stature in traditional finance. Sentiment Result : Positive