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Showing posts from March, 2024

Peter Schiff Teases Reasons For Bitcoin (BTC) Preference Over Gold

Prominent crypto critic and businessman Peter Schiff has pointed out that young people prefer Bitcoin (BTC) to gold because the former is likely to register more growth during their “short lifetimes.” Peter Schiff Still Not a Bitcoin Fan Over time, it has been discovered that BTC is a more preferred asset in comparison to traditional Sentiment Result : Negative

Bitcoin (BTC) Hashrate New High: 'Three Times More Money,' CryptoQuant CEO Says

As the Bitcoin (BTC) price managed to hold above $70,000, which is its previous multi-year high from November 2021, the hashrate of the first crypto keeps rocketing. Sentiment Result : Positive

Top cryptocurrencies to watch this week: BTC, SHIB, ORDI

Last week, a predominantly bullish trend occurred among the sector's top cryptocurrencies, including BTC, SHIB and ORDI. Sentiment Result : Positive

500 BTC from Dormant Wallet Transferred After 12 Years

A Bitcoin wallet that lay dormant for nearly 12 years recently transferred its entire holding of 500 BTC, valued at just under $35 million at current rates, across multiple new addresses. Sentiment Result : Positive

Bitwise Bitcoin ETF gains momentum with Daffy adoption

Daffy, a donor-advised fund platform, has selected Bitwise funds for cryptocurrency investments. This choice involves the launch of the BITB Bitcoin ETF, which indicates a shift from the prior reliance on the use of Vanguard funds. Sentiment Result : Positive

WIF and These Assets Explode by Double Digits Weekly, BTC Maintains $70K (Weekend Watch)

WIF has been outperformed by only one asset on a weekly scale. Sentiment Result : Positive

Ripple vs SEC: SEC's $1.95 Billion Demand and XRP's Potential Sell-Off

The U.S. SEC has made headlines by demanding a staggering $1.95 billion in fees and penalties from Ripple, a leading cryptocurrency company. This demand, outlined in the SEC's recent filing has sparked intense scrutiny and speculation within the crypto community. Sentiment Result : Negative

Bitwise Sees ‘Raging' Bitcoin Bull Market — Expects April Halving to Be ‘the Most Impactful We've Seen”

Bitwise Asset Management believes that “bitcoin is in a raging bull market” in the long term. Its chief executive anticipates the upcoming bitcoin halving to be “the most impactful we've seen. Sentiment Result : Positive

Ripple CLO Challenges SEC Claims Post Coinbase Decision

Ripple's Chief Legal Officer, Stuart Alderoty, took to social media to express skepticism about the Securities and Exchange Commission's (SEC) ability to substantiate its claims against Coinbase. He believes that the recent decision to grant the SEC's lawsuit against Coinbase leave to go to trial poses a difficult phase for the SEC, as the latter Sentiment Result : Positive

SEC Postpones Grayscale's Ethereum ETF Application; FLOKI vs. WIF Market Size

Additionally, a senior analyst mentioned that the likelihood of an Ethereum ETF approval by May has decreased by 50%. Meanwhile, in the world of cryptocurrencies, particularly in the meme coin arena, FLOKI appears to be gaining ground on dogwifhat in terms of market size. Sentiment Result : Negative

XRP Whales Trigger Excitement as Price Resumes Uptrend

The recent transfer of 244 million XRP coins has caught the attention of crypto enthusiasts worldwide. Tracked by the blockchain monitoring platform Whale Alert, these transactions signify a notable shift in the market landscape. Sentiment Result : Positive

Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC

Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark. On-chain data has shown a large part of this surge can be attributed to the accumulation by large whales. Sentiment Result : Positive

Ethereum price forecast: This $3.6B signal could drive ETH to $5k in April

Ethereum (ETH) price surged above $3,584 on March 28, on course to end the month with gains in excess of 10%. Here's what to expect in th weeks ahead. Sentiment Result : Positive

XRP Price Hinge on Builders and Devs, ODL Transactions Stay Neutral

On-Demand Liquidity (ODL) transactions play a crucial role in the cryptocurrency market. ODL facilitates instant cross-border payments by using XRP as a bridge currency. Sentiment Result : Positive

Bitcoin Hodlers Could Rival Medallion Fund's 38% IRR, Analyst Says

The Medallion Fund, managed by top mathematicians at RenTech, has achieved remarkable returns over the years. Renowned for its consistent profitability, the fund has yielded impressive results, reaching a staggering 7.4 times its initial investment over a span of 7 years. Sentiment Result : Positive

Spot Ethereum ETF: Consensys Makes Compelling Case for Approval

Consensys, a prominent player in the blockchain and Web3 software space, has submitted a compelling argument to the Securities and Exchange Commission (SEC), urging it to recognize the advanced safeguards inherent in Ethereum's design and grant approval of a spot Ethereum exchange-traded fund (ETF). Sentiment Result : Positive

Consensys urges SEC to recognize Ethereum's better-than-Bitcoin qualities in considering ether ETF applications

Consensys urged the SEC to consider Ethereum's positive qualities that — in some cases — are better than Bitcoin's. Sentiment Result : Positive

Bitcoin Halving Prediction, April 2024: Here's What to Expect

The upcoming Bitcoin halving event, scheduled for April 19th, is stirring excitement and anticipation within the cryptocurrency community. Industry leaders are weighing in on the potential consequences of this programmed scarcity event, with Bitwise CEO Hunter Horsley predicting a “monumental” impact on Bitcoin's price. Sentiment Result : Positive

Bitcoin Sharks Show Biggest Monthly Buying Spree Since 2012

On-chain data shows the Bitcoin shark cohort has participated in its largest accumulation spree over the past month since 2012. Sentiment Result : Positive

Bitcoin ETFs: Almost 3 months on, where do they stand?

There has been a notable surge in inflows into Bitcoin ETFs, indicating a heightened interest in BTC. Sentiment Result : Positive

Fed Chair Jerome Powell Sees No Chance of a Recession While Bitcoin Gains as a Hedge

Federal Reserve Chair Jerome Powell reassured the nation, asserting a strong stance against the looming fear of recession, while Bitcoin gains as a hedge. Sentiment Result : Positive

UK Judge Freezes $7,600,000 of Craig Wright's Assets After Ruling That He Is Not the Founder of Bitcoin

A UK Judge is freezing $7.6 million worth of computer scientist Crag Wright's assets after he was ruled to not be Satoshi, the pseudonymous creator of Bitcoin (BTC). Sentiment Result : Negative

DailyCoin Bitcoin Regular: BTC Pre-Halving Jitters, Is the Bottom In?

Bitcoin regains momentum after brief correction, analysts debate future price movements as halving nears. Sentiment Result : Positive

$7.4 Million of Craig Wright's Assets Frozen Following Bitcoin Creator Trial

After being declared not to be Bitcoin's pseudonymous creator, a UK court is locking down his assets until his legal remedies are exhausted. Sentiment Result : Negative

Bitcoin halving spurs accelerated installations

The global installation of Bitcoin ATMs is experiencing a notable surge following the Bitcoin halving, as predicted by the CEO of a major Bitcoin ATM operator. Sentiment Result : Positive

XRP Alert: Massive 210 Million XRP Move Sparks Intrigue

XRP, the sixth largest cryptocurrency, is commanding attention owing to its latest on-chain activity. A staggering 210 million XRP tokens were transferred between unknown whale wallets, sparking intrigue and speculation within the crypto community. Sentiment Result : Positive

XRP Lawyer Backs Judge Torres Deeming Ex-SEC Official's Statement ‘Incorrect'

In the ongoing legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC), a recent statement by ex-SEC official John Reed Stark regarding XRP secondary market sales sparked controversy. Notably, pro-XRP lawyer Bill Morgan swiftly countered Stark's assertion, igniting further debate in the crypto community. Sentiment Result : Positive

Ripple Payments Available On Uphold For Institutional Investors

Uphold, a prominent digital currency platform, has introduced Ripple payments option for institutional investors. This move signals a significant step forward for the XRP community, offering a new avenue for utilizing Ripple's On-Demand Liquidity (ODL) service. Sentiment Result : Positive

Fed Rate Cuts Hold the Key to Decoding Bitcoin's Cyclical Behavior, Analyst Suggests

Bitcoin's market behavior is cyclical and revolves around halving events. However, one analyst believes that the US central bank could have a greater influence this year. Sentiment Result : Positive

Solana (SOL) Price Prediction: Is $300 Possible After the Bitcoin Halving? (Analyst)

While the Solana Foundation is a key player to the network's growth, the Bitcoin halving might have a considerable effect on SOL's long-term outlook. Sentiment Result : Positive

Ethereum Price Gearing For Another Lift-Off to $4K: Increase Isn't Over Yet

Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Sentiment Result : Positive

Google now allows wallet address searches for Bitcoin, Fantom, Arbitrum and others

Google search results display the remaining token balance in the wallet per network and the time the balance was last updated. Sentiment Result : Positive

Analyst Jason Pizzino Predicts Bitcoin Price Targets and Potential Spurring of 2024 Altseason – Here's His Outlook

A widely followed crypto analyst is updating his outlook on Bitcoin's (BTC) path forward in the ongoing bull market cycle. Sentiment Result : Positive

Crypto Talkies March 19th 2024

As the sun dips below the horizon and city lights begin to twinkle, the crypto world remains ablaze with activity. In today's Crypto Talkies, we unveil the dramatic turns and unprecedented leaps within the digital currency landscape that have kept enthusiasts and investors on their toes. In a striking market maneuver, the Bitcoin Ordinal NFT collection, known as NodeMonkes, clinched a staggering 50% increase in floor prices, ascending to the second-largest market seat and elbowing past the renowned Bored Ape Collection. Consider this a resounding nod to the burgeoning intrigue and expanding boundaries of the Bitcoin (BTC) ecosystem. The wheels of justice are turning in Nigeria, putting the behemoth Binance under the magnifying glass. A court order was issued mandating the exchange to hand over user data amidst heavyweight allegations of laundering and the financing of ominous activities. The ripples of this development echo far into the community, underlining the global scrutiny ...

Bitwise files spot Ethereum ETF application

Bitwise has filed its application for a spot Ethereum ETF with the SEC on March 28. The company submitted an S-1 form for a fund titled the Bitwise Ethereum ETF. Sentiment Result : Positive

Bitcoin Ordinals Creator Unveils ‘Rune' Documentation, Here's What You Need to Know

Runes' functionality is based on the concept of runestones, which are protocol messages saved in Bitcoin transaction outputs. Sentiment Result : Positive

Ethereum Being Designated a Security Won't Hurt Chances of Spot ETH ETFs Approval, Says BlackRock CEO Larry Fink

BlackRock chief executive Larry Fink believes approval of spot Ethereum (ETH) exchange-traded funds (ETFs) could still occur even if the top altcoin is deemed a security. Sentiment Result : Positive

Kerrisdale Capital: MicroStrategy's unique way to access Bitcoin ‘long over'

Investment firm Kerrisdale Capital has called MicroStrategy's shares 'overvalued.' Sentiment Result : Negative

Bitcoin Trades Above $70,000 Following GDP, Jobless Claims Data; GateToken Emerges As Top Gainer

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $70,000 level on Thursday. Ethereum (CRYPTO: ETH), however, recorded losses, falling below the key $3,600 mark this morning. Sentiment Result : Positive

Bitcoin ETF inflows approach $12 billion as Hashdex fund goes live

Bitcoin (BTC) added 1.7% against the US dollar on Thursday morning after closing lower yesterday, bringing its week-on-week performance above 4%. Bitcoin exchange-traded funds continued to recover on Wednesday, with another $243 million of cash inflows, adding to the $400 million plus earlier in the week. Sentiment Result : Positive

Galaxy Digital CEO: National Debt & Boomer Wealth to Drive Bitcoin Demand

As Bitcoin trades steadily around $70,000, Galaxy Digital CEO Mike Novogratz expects a consolidation between $58,000 and $75,000 before the next leg up, driven by economic factors, while Bitcoin Cash rallies ahead of its halving event. Sentiment Result : Positive

Bitcoin: a whale from 2010 wakes up, but the price does not react

Bitcoin is currently going its own way, ignoring almost everything that happens around it. Sentiment Result : Neutral

Altcoins to Rally After The Bitcoin Halving: Here's Why

The BTC halving could be a determinant factor for altcoin's next rally. Sentiment Result : Positive

Cathie Wood's Bitcoin ETF hits daily inflow record as BTC retests $72K

The ARK 21Shares Bitcoin ETF saw a massive $201.8 million in inflows, almost a four-fold increase from its daily average of $43.9 million. Sentiment Result : Positive

Sell-side risk ratio hit 3-year high as Bitcoin broke above $73k

The Bitcoin sell-side risk ratio is calculated by dividing the sum of all profits and losses realized on-chain by the realized capitalization, offering a comparative view of daily investor activity against the total market capitalization adjusted for real-time inflows and outflows. Sentiment Result : Positive

Ripple Faces Record SEC Penalty Amid Ongoing Legal Battle: What You Need to Know

The legal showdown between Ripple and the SEC dates back to late 2020, when the regulatory agency first initiated legal proceedings against the cryptocurrency firm. Since then, the case has been mired in a complex web of legal arguments, with key issues such as the so-called Hinman documents and the application of the Howey test taking center stage. Sentiment Result : Negative

Crypto Talkies March 19th 2024

As the sun dips below the horizon and city lights begin to twinkle, the crypto world remains ablaze with activity. In today's Crypto Talkies, we unveil the dramatic turns and unprecedented leaps within the digital currency landscape that have kept enthusiasts and investors on their toes. In a striking market maneuver, the Bitcoin Ordinal NFT collection, known as NodeMonkes, clinched a staggering 50% increase in floor prices, ascending to the second-largest market seat and elbowing past the renowned Bored Ape Collection. Consider this a resounding nod to the burgeoning intrigue and expanding boundaries of the Bitcoin (BTC) ecosystem. The wheels of justice are turning in Nigeria, putting the behemoth Binance under the magnifying glass. A court order was issued mandating the exchange to hand over user data amidst heavyweight allegations of laundering and the financing of ominous activities. The ripples of this development echo far into the community, underlining the global scrutiny ...

Michael Saylor Stays Positive on Bitcoin; Places it Above MicroStrategy Shares

MicroStrategy co-founder Michael Saylor in an interview expressed his optimism over Bitcoin trading. However, the most intriguing of the interviews was Michael Saylor giving preference for Bitcoin investments over MicroStrategy shares. Sentiment Result : Positive

Best Altcoin Choices by Experts to Earn $100000 After Bitcoin Halving

Investors eyeing potential gains in the upcoming Bitcoin halving may consider buying BTC and other altcoins. Ethereum's price might experience a temporary dip to $3,000 before rallying to new all-time highs. Sentiment Result : Positive

Ethereum reclaims NFT throne with US$17.02 mln in daily sales

Ethereum tops daily NFT sales, Bitcoin and Solana see mixed results, with notable changes in wash sales. Sentiment Result : Positive

2 Top Reasons Why Ethereum Price Poised For $500 Dump To $3k This Week

The cryptocurrency market was extremely volatile on Thursday despite institutional investors' comeback, reflected by the spike in the Bitcoin ETFs' total daily net inflow to $417 million, according to SoSoValue data. Bitcoin is back under $70,000 reflecting the spike in volatility while Ethereum price slides into the red, hinting at a further drop to $3,000. Sentiment Result : Negative

MicroStrategy's capitalization reaches record highs amid Bitcoin's $70k recovery

MicroStrategy's market capitalization reached a new all-time high, crossing the $31.8 billion mark. Sentiment Result : Positive