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Showing posts from February, 2024

Bitcoin Whale Addresses Go Through The Roof After Recording Fastest Growth Rate in 2 Years

As all-time high (ATH) chats continue taking center stage in the crypto market, thanks to Bitcoin hitting a 27-month high above the $63,000 level, BTC whales are not relenting on their quest to continue accumulating. Sentiment Result : Positive

18 Million XRP Eye Exodus From Major Korean Exchange as XRP Price Skyrockets

Amid today's tumultuous trading session on the crypto market, XRP, one of the foremost tokens by market capitalization, has seen a remarkable surge of over 3.5%. This surge coincides with a notable spike in trading volume, as reported by CoinMarketCap, indicating a staggering 43% increase compared to the previous day, totaling an impressive $3.76 billion. Sentiment Result : Positive

Ethereum's (ETH) Resilience: Surpassing Profit/Loss Ratios Amidst Bullish Momentum

In the dynamic world of cryptocurrencies, Ethereum (ETH) stands out as a beacon of resilience and profitability, boasting the highest profit/loss ratio among all digital assets. With Ethereum's funding rates skyrocketing by 300%, indicating a push towards $3,500 and beyond, investors and traders are eagerly anticipating Ethereum's trajectory, with $3,000 emerging as a pivotal support level to monitor closely. Sentiment Result : Positive

Crypto Analyst Says Dogecoin and Shiba Inu Looking ‘Extremely Good,' Updates Outlook on Bitcoin and Worldcoin

A popular crypto trader believes that meme assets Dogecoin (DOGE) and Shiba Inu (SHIB) are gearing up for big moves to the upside. The pseudonymous analyst known as Altcoin Sherpa tells his 208,200 followers on the social media platform X that he is bullish on both DOGE and SHIB after their lengthy accumulation phases. Sentiment Result : Positive

Countdown to Bitcoin All-Time High: Samson Mow Drops Hint

Samson Mow, a prominent figure in the cryptocurrency space, has recently hinted at a potential milestone for Bitcoin. In a social media post made approximately seven hours ago, Mow suggested that BTC may soon surpass its previous all-time high of $69,000. Sentiment Result : Positive

Unlocking the Enigma: Exploring Bitcoin's Supply Surge and Its Implications for Market Dynamics

In the ever-evolving realm of cryptocurrency, few metrics carry as much weight as Bitcoin's supply-in-profit ratio—a bellwether of market sentiment and investor confidence. As this pivotal indicator nears historic highs reminiscent of previous bull market peaks, the cryptocurrency community finds itself at a crossroads, grappling with the implications of this monumental surge in profitability. Sentiment Result : Positive

Bitcoin ETF Trading Volumes Double At $6 Billion, $70,000 BTC Price Coming?

The trading activity in the newly launched Bitcoin ETFs has simply skyrocketed this week hitting new milestones every passing day. On Wednesday, February 28, the daily trading volumes of all nine bitcoin ETFs combined surged by a staggering 100%. Sentiment Result : Positive

Ethereum Bulls Charge Ahead: Open Interest Surges to $8 Billion as ETH Maintains $3k Support

In the ever-evolving landscape of cryptocurrency, Ethereum (ETH) has emerged as a beacon of resilience and innovation, with open interest surging to nearly $8 billion amidst a flurry of bullish activity. As ETH maintains its firm grip above the psychological $3,000 threshold, traders and investors alike are eagerly dissecting market data to seize upon potential opportunities. Sentiment Result : Positive

Marathon posts record growth in 2023 earnings, unveils Bitcoin Layer-2 Anduro

Bitcoin mining and technology firm Marathon Digital reported record growth in a number of categories in its 2023 annual earnings report. The firm also revealed the development of a Layer-2 network for Bitcoin called Anduro to build upon the flagship crypto's ecosystem. Sentiment Result : Positive

Analysts Say This Is the Bitcoin Metric to Watch—And It's Higher Than Ever

The average Bitcoin investor has already doubled their money, Glassnode reports—and we're still nowhere near the top. Sentiment Result : Positive

Bitcoin Hits 27-Month High, Indicating Bullish Trend in Crypto Market

In a significant turn of events for the cryptocurrency market, Bitcoin has soared to its highest level in 27 months, peaking at $57,073. This surge not only marks a milestone for Bitcoin enthusiasts but also indicates a potentially bullish season for cryptocurrencies overall. Sentiment Result : Positive

Bitcoin touches $64k for first time since 2021

Bitcoin has reached $64,000 for the first time since the peak of the 2021 bull run. Sentiment Result : Positive

Bitcoin Miners Win Round One Against Biden Administration

Bitcoin miners score a mini victory in their fight against the US Department of Energy's invasive data collection demands. Sentiment Result : Positive

BREAKING: Bitcoin Price Smashes Above $60,000: Are New ATHs Ahead?

Bitcoin price action continues to pick up steam following unprecedented institutional demand amidst an asset supply that's on the brink of being slashed by 50%. Today, the BTCUSD trading pair has broken cleanly above $60,000. Sentiment Result : Positive

Bitcoin Is Unstoppable: BTC Price Hits New All-Time Highs In 14 Countries

Bitcoin continues to prove its worth as the ultimate store of value, gaining widespread adoption in hundreds of countries globally. This pioneer cryptocurrency has successfully surpassed previous records to achieve new all-time highs in 14 different countries grappling with economic and financial crises. Sentiment Result : Positive

Ethereum Wallet Abruptly Wakes Up After Nearly 10 Years, Sends ETH Stack to Crypto Exchange

A long-dormant Ethereum (ETH) whale abruptly woke up on Monday and sent more than $773,000 worth of the second-largest digital asset to the top US crypto exchange Coinbase. The crypto-tracking platform Whale Alert notes the wallet is a pre-mine address that wasn't active for more than 8.5 years. Sentiment Result : Positive

QCP Capital explains when to expect Bitcoin's all-time high

Amid Bitcoin's (BTC) rally, experts at QCP Capital wondered whether BTC could hit all-time highs sooner than the end of March. Sentiment Result : Positive

Polygon zkEVM prepares for Ethereum's Dencun upgrade, eyes major fee reductions with EIP-4844

Polygon zkEVM's Jordi Baylina forecasts a significant increase in data capacity for Ethereum rollups post-EIP-4844. Sentiment Result : Positive

TRON Founder Justin Sun Reveals How Much Bitcoin He Owns

TRON founder Justin Sun disclosed to his 3.5 million followers on X (formerly Twitter) that he holds over 28,000 Bitcoins, valued at approximately $1.6 billion. Sentiment Result : Positive

Altcoin Season Begins: Ethereum Price Surge Signals Major Shift in Crypto Market

Crypto analyst Crypto Capital Venture recently discussed the major surge in Ethereum's price, which has soared to around $3,200. He not only explained the technical aspects of Ethereum's move on the weekly chart but also explored its implications for Bitcoin, Bitcoin dominance, and the broader altcoin market as a new cycle unfolds. Sentiment Result : Positive

Ethereum Dencun Prep Heats up as Devs Call for Node Upgrades

The Ethereum Foundation calls on node operators to upgrade their clients to the latest versions ahead of the Dencun upgrade. Sentiment Result : Positive

Bitcoin Ordinals Trading Is Surging With Halving Just Two Months Away

The cross-chain marketplace has become traders' favorite as the controversial Ordinals inscriptions make a comeback. Sentiment Result : Positive

Trevor Noah Regrets Missing Out on Bitcoin: Lessons for Every Investor

In a candid moment at the Web Summit Qatar 2024, renowned comedian and former host of The Daily Show, Trevor Noah, shared his deepest investing regret: not buying Bitcoin when it was still in its infancy. Sentiment Result : Positive

Ethereum Activates Dencun in All its Testnets and Reveals the Launch Date on the Mainnet

TL;DR Crucial Date: The Dencun mainnet will go live on March 13, 2024, marking a milestone in the evolution of Ethereum. Fee Reduction: The implementation of “ephemeral data blobs” promises to reduce layer 2 transaction fees, improving network efficiency. Sentiment Result : Positive

Binance Backs Babylon to Unlock Bitcoin Staking on PoS Chains

Binance Labs, the venture capital and strategic initiative arm of Binance, has made a significant investment in Babylon, a pioneering Bitcoin staking protocol. Babylon, a project initiated by Stanford Professor David Tse and Dr. Fisher Yu in 2022, aims to revolutionize the integration of Bitcoin with Proof-of-Stake (PoS) blockchains. Sentiment Result : Positive

Top 22 Altcoins With 100x Gains Amid Ethereum's Upcoming Upgrade

The cryptocurrency market is abuzz with anticipation as Ethereum's Dencun upgrade approaches, slated for March 13. This upgrade promises better usability, security, and fast transactions, potentially sparking a new altcoin season. Sentiment Result : Positive

Record trading volumes reached for new Bitcoin ETFs as BTC surges

Trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETFs) have skyrocketed to a new daily record as Bitcoin (BTC) surged to $54,938 on Monday. This surge reflects a growing interest in cryptocurrency investment vehicles, with BlackRock's IBIT leading the pack in trading volume. Sentiment Result : Positive

This US politician just sold nearly $1 million worth of crypto

Insider trading has been a longstanding concern in US politics, primarily around stock trading. However, US Representative Shri Thanedar recently revealed a sale of nearly $1 million worth of cryptocurrencies, shedding light on a new dimension to this issue. Sentiment Result : Negative

Bitcoin breakout throws short traders under the bus

Bitcoin (BTC) has broken out of its late-February slump with a startling rally against the US dollar. BTC/USD shot above $57,000 for the first time since the November 2021 record-setting bull run, having penned 5.3% of gains on Monday before adding another 2.9% this morning. Sentiment Result : Positive

Bitcoin (BTC) Tops $55,000 For the First Time Since 2021

Bitcoin (BTC) shoots past the $55,000 price mark for the first time since December 2021. Sentiment Result : Positive

As Bitcoin Eyes $57K, Crypto Shorts Saw Liquidation Worth $270M In A Single Day — Analyst Warns $1B Bear Positions Face Liquidation If King Crypto Hits This Level

The cryptocurrency market started the week off with massive liquidations for investors who bet against its rise. What Happened: Coinglass, an on-chain data analysis tool reported that traders faced $364 million in liquidations on platforms such as Binance, Bybit, OKX, and Huobi. Sentiment Result : Negative

Bitcoin Ordinals Wallets Will Soon Be Showered With Runestones—Here's What You Need to Know

The largest inscriptions airdrop will commemorate the first year of the Ordinals protocol and pave the way toward the release of Casey Rodamor's Runes project. Sentiment Result : Positive

Crypto Analyst Sounds Warning Alarm: Last Chance To Buy Bitcoin And Ethereum Before Bull Run

Crypto analyst Rager recently provided valuable insights to Bitcoin and Ethereum investors ahead of the imminent bull run. As part of his statements, he revealed the best time to go all in on the two largest crypto tokens by market cap, Bitcoin and Ethereum. Sentiment Result : Positive

The Dencun Upgrade is not enough to scale Ethereum

Network capacity is a growing issue for Ethereum. The Dencun upgrade may help, but the broader solution lies in multi-chain solutions — appchains and rollups. Sentiment Result : Negative

Bitcoin leads digital asset funds in 4th straight week of inflows

Bitcoin-backed funds from the U.S. ushered most of $598 million in digital asset investment product inflows last week. Sentiment Result : Positive

ETH's $3K Success Breaths New Life into Ethereum L2 Market

Ethereum takes the reins as Bitcoin takes breather, sparking a Layer 2 rally. Sentiment Result : Positive

Ethereum Price Predictions: Where Will the ETH Crypto Go After Retaking $3,000?

Ethereum price predictions are a hot topic on Monday as crypto traders wonder where the token will go after surpassing $3,000. Sentiment Result : Positive

MicroStrategy Buys 3,000 Bitcoin (BTC): Portfolio Surpasses $10 Billion

MicroStrategy has added to its Bitcoin portfolio, securing an additional 3,000 BTC. From February 15 to 25, 2024, this acquisition entailed a substantial investment of $155.4 million. Sentiment Result : Positive

Ethereum Price Hits 22-Month Peak: Forecasting ETH's Next Move

During the Monday morning trading session in Asia, Ethereum prices hit a 22-month peak of $3,125, marking a significant uptrend since April 2022. The asset has experienced a steady climb, recording a 2.5% increase, contributing to a remarkable 36% surge over the past month. Sentiment Result : Positive

Starknet STRK Rockets to Fourth Largest Ethereum Layer 2 with $1.3B TVL After Chaotic Token Launch

Starknet's stratospheric rise sees it become the 4th largest Ethereum L2 within days of launch, crossing $1.3 billion in Total Value Locked after chaotic STRK token distribution; stands out with innovative zk rollup tech but faces typical early volatility and adoption obstacles. Sentiment Result : Positive

Ethereum Hits 22-Month High, Where Will ETH Go Next?

Ethereum prices are at their highest levels since April 2022 with the asset reclaiming the psychological $3,000 level again. Sentiment Result : Positive

Blast Ecosystem Sees First Apparent Scam as 'RiskOnBlast' Rug Pulls $1.3M Ether

Blast, in an X post, termed the project's potential as “undeniable,” which may have created a sense of security among investors. Sentiment Result : Negative

Crypto News Recap: Trump's Bitcoin Support, Kraken's SEC Battle, Metaverse Healthcare Trends, and More!

In the ever-evolving landscape of cryptocurrency, today's events have brought forth intriguing developments that capture the attention of investors, enthusiasts, and skeptics alike. Let's delve into the highlights that shaped the crypto sphere on this eventful day. Sentiment Result : Positive

Deciphering the Impact: Analyzing the Potential Ramifications of the Bitcoin Halving on the Cryptocurrency Market

In the realm of cryptocurrency, every four years heralds a momentous occasion—the Bitcoin halving. As anticipation mounts for the upcoming halving in 2024, speculation abounds regarding its impending impact on the cryptocurrency market. Sentiment Result : Positive

7 Cryptos Destined to Be Big Winners in the 2024 Bull Run

These seven cryptos that are 'destined to be big winners' show flashes of massive upside potential in the months ahead. Sentiment Result : Positive

Crypto's Cream of the Crop: The 3 Most Reliable Coins to Consider

Here are three of the most reliable cryptos long-term investors may want to add as potential core portfolio holdings in this current market. Sentiment Result : Positive

Forget Bitcoin Holders: Litecoin Investors Are The Real Diamond Hands, According To This Metric

Litecoin's price action in February has been somewhat positive. Litecoin is currently up by 6.4% since February 1, giving its holders something positive to hold on to. Sentiment Result : Positive

ETH, UNI, FIL and GRT turn bullish as Bitcoin price hovers above $51K

Bitcoin price begins a slow recovery, boosting the bullish momentum in ETH, UNI, FIL and GRT. Sentiment Result : Positive

U.S. Government pauses scrutiny of Bitcoin mining's energy consumption after court ruling

The U.S. Department of Energy (DOE) has temporarily halted its controversial survey to assess the energy consumption of cryptocurrency mining operations. This decision comes in the wake of legal challenges from industry participants, including Riot Blockchain, a leading mining company, and the Texas Blockchain Council. Sentiment Result : Positive

Starknet (STRK) Becomes Fourth Ethereum L2 With TVL Above $1B

Ethereum-based Layer-2 scaling solution Starknet is on a bullish rampage following its historic launch earlier in the week. Starknet is now the 4th L2 on Ethereum whose Total Value Locked (TVL) now exceeds the $1 billion threshold. Sentiment Result : Positive