Archives par catégorie: Business

Ethereum Liquid Staking Protocols Hit New Milestone Following Massive Inflows

Ethereum Liquid Staking Protocols Hit New Milestone Following Massive Inflows

Ethereum liquid staking platforms are making waves in the decentralized finance (DeFi) ecosystem. Recent on-chain reports have revealed that liquid staking protocols have recorded a new milestone in the number of Ether (ETH) staked, reaching a staggering 12 million ETH mark in just a few days.  Ethereum Liquid Staking Gains Momentum With Ethereum 2.0 thriving, […]

Maker (MKR) Price Continues to Climb Higher Level, Will It Surpass $1500?

Maker (MKR) Price Continues to Climb Higher Level, Will It Surpass $1500?

Maker DAO’s MKR has recorded a big push amid the slight uptick in the broader cryptocurrency market. Yesterday, September 25, the token rose from a low of $1,265 to a high of $1,343.  Although most tokens struggle to recover, MKR consolidated on its upswing with an impressive 5% 24-hour increase. MKR trades at $1335, striding […]

Cardano $0.24 Support Test: Can ADA Price Reverse Its Downward Trend?

Cardano $0.24 Support Test: Can ADA Price Reverse Its Downward Trend?

Cardano (ADA) finds itself at a pivotal juncture as it tests its longstanding support at $0.24. This critical level has held firm for nearly three years, emerging as a significant accumulation point for savvy investors.  The recent daily candle hints at a somewhat neutral stance in the market. This slight uptick in price suggests a […]

Market Analysts Outline When The First Spot Bitcoin ETF Will Be Approved

Market Analysts Outline When The First Spot Bitcoin ETF Will Be Approved

In a recent development, analysts at asset management firm Bernstein have predicted when the US Securities and Exchange Commission (SEC) will likely approve the first Spot Bitcoin ETF. When Will The First Spot Bitcoin ETF Be Approved? According to the analysts, the pending Spot Bitcoin ETF applications could be approved early next year. They made […]

Bitcoin Price Predictions For 2024: Insights From Major Banks To Hedge Funds

Bitcoin Price Predictions For 2024: Insights From Major Banks To Hedge Funds

With anticipation around Bitcoin ETFs from giants like BlackRock, Fidelity, and Invesco, and an expected halving in April 2024, forecasts for Bitcoin’s price next year show a significant range. From JPMorgan to Standard Chartered Bank, here are the most notable estimates for 2024: Pantera Capital: $150,000 In their August “Blockchain Letter”, Pantera Capital, led by […]

Litecoin Stuck In A Rut: Will Bullish Momentum Or Bearish Pressure Prevail?

Litecoin Stuck In A Rut: Will Bullish Momentum Or Bearish Pressure Prevail?

Litecoin (LTC) has spent the past week trading within a tight price range, with its value hovering steadily around the mid-range point of $64. The price action for LTC in September has remained primarily bearish, with sellers maintaining control over the market.  While LTC has a history of volatile price swings, recent times have seen […]

XRP Price Prediction – Will Recent Correction Trend Push XRP Under $0.50?

XRP Price Prediction – Will Recent Correction Trend Push XRP Under $0.50?

Ripple’s token price is holding gains above $0.50 against the US Dollar. XRP price could take a hit if it fails to recover above $0.512. Ripple’s token price is attempting a fresh increase above $0.508 and $0.512 against the US dollar. The price is now trading above $0.500 and the 100 simple moving average (4 […]

Ethereum Price Hints At Potential Correction But Faces Uphill Task

Ethereum Price Hints At Potential Correction But Faces Uphill Task

Ethereum price is attempting a recovery wave from $1,565 against the US Dollar. ETH could struggle to recover above $1,600 and might resume its decline. Ethereum is slowly moving higher toward the $1,600 resistance zone. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming […]

Bitcoin Price Turns Vulnerable As Indicators Point To More Weakness

Bitcoin Price Turns Vulnerable As Indicators Point To More Weakness

Bitcoin price is struggling below the $26,500 resistance. BTC could accelerate lower if there is a close below the $26,000 support in the near term. Bitcoin is struggling and trading well below the $27,500 resistance. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a key bearish trend line […]

NEAR Protocol’s Daily Active Addresses Spike, Will Prices Follow?

NEAR Protocol’s Daily Active Addresses Spike, Will Prices Follow?

In the past month, there have been more daily active addresses on the NEAR Protocol than in Ethereum and its layer-2 protocols, including Arbitrum and OP Mainnet, Artemis data from September 25 reveals. Artemis, an institutional data platform for digital assets, shows that the number of daily active addresses on NEAR Protocol has been consistently […]

Cardano: Factors That Could Drive ADA Price As High As $12

Cardano: Factors That Could Drive ADA Price As High As $12

The Cardano community has been one of the fastest-growing in the crypto space and this has shone a heavy spotlight on the ADA price. With expectations mounting already even amid the crypto winter, there are key factors that stakeholders believe could drive the altcoin’s price as high as $12. ADA Price Could Reach $12 In […]

Huobi Hacked For $8 Million Worth Of ETH, Offers Hacker 5% Bounty

Huobi Hacked For $8 Million Worth Of ETH, Offers Hacker 5% Bounty

According to Arkham Intel, the Huobi crypto exchange platform (HTX) fell victim to a hacking incident resulting in the theft of 5000 ETH, valued at approximately $8 million. The hacker reportedly moved 1,000 ETH to a separate wallet, 0x799, shortly after compromising the platform and has since remained silent. Huobi Resolves Breach, Offers Hacker Lucrative […]

Crypto’s Six-Week Bleed Out: XRP And Solana Defy The Outflow Downtrend

Crypto’s Six-Week Bleed Out: XRP And Solana Defy The Outflow Downtrend

With contrasting events in the industry, crypto investment products have witnessed a continuous outflow for the sixth week. Some altcoins demonstrate resilience in this trend, defying the broader market sentiment. Dissecting The Crypto Outflow Trend Crypto funds have witnessed a net outflow of $9 million in the past week, taking the total to roughly $464 […]

MicroStrategy Expands Bitcoin Holdings with $147.3 Million Purchase

MicroStrategy Expands Bitcoin Holdings with $147.3 Million Purchase

In a strategic move, MicroStrategy, the business intelligence (BI) company, and its subsidiaries have made a bold financial maneuver by increasing their Bitcoin (BTC) holdings.  MicroStrategy Bolsters BTC Holdings According to a recent filing with the US Securities and Exchange Commission (SEC), MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 5,445 BTC, totaling […]

$200 Million In Crypto Lost As Mixin Network Comes Under Attack

$200 Million In Crypto Lost As Mixin Network Comes Under Attack

Decentralized finance peer-to-peer service Mixin network, experienced an attack on Saturday, September 23, 2023, leading to $200 million worth of crypto funds lost as a result of the attack. $200 Million In Crypto Lost In The Attack The decentralized finance (DeFi) network Mixin network revealed that the attack was caused by a compromise in the […]

Bitcoin Social Media Talk Drops To 3-Month Low, All Eyes On Altcoins?

Bitcoin Social Media Talk Drops To 3-Month Low, All Eyes On Altcoins?

Data shows the social media talk around Bitcoin has dropped to low levels recently, indicating that investors are paying attention to altcoins instead. Bitcoin Social Dominance Has Declined To Just 17% Recently According to data from the on-chain analytics firm Santiment, BTC-related discussions on social media have dropped recently. The relevant indicator here is “social […]

Cardano Sees Spike In Development Activity, Can The Price Of ADA Follow?

Cardano Sees Spike In Development Activity, Can The Price Of ADA Follow?

Cardano (ADA) has been experiencing a persistent downside trend since the start of 2023; the selling pressure has increased in the past week. However, network development continues to grow and could hint at a reversal for the cryptocurrency. Cardano (ADA) trades at $0.24 with sideways movement on its weekend price action as of this writing. […]

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

Data shows the Ethereum funding rates have been quite negative in recent days. Here’s what this could mean for the cryptocurrency’s price. Ethereum Funding Rates Have Been Under The Zero Mark Recently As explained by an analyst in a CryptoQuant post, a short squeeze may be a possibility for the asset currently. The “funding rate” […]