In Brief Celestia’s price fell below $10 after failing to breach and recover over the past two weeks TIA sharing a high correlation with Bitcoin could further fuel the potential bearish outcome. Investors are not too optimistic either, which is evident in the OI being slashed in half in a month. Celestia (TIA) is prone to further correction after…
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In Brief Ethereum’s price is looking to break out of a descending wedge, which targets the rise at $4,000. The unrealized profits of ETH holders show that there is still considerable optimism among investors. ETH whales are also actively conducting transactions on the network, which could keep the liquidity high. Ethereum (ETH) price is noting a sharp…
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In Brief Deutsche Bundesbank study shows 86% of Germans open to a digital Euro, indicating shifting sentiment on digital assets. Potential CBDC adoption could lead to significant declines in cash holdings and bank deposits, impacting the banking sector. The study highlights the need for careful CBDC policy design to maintain financial stability amidst potential transformative…
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In Brief Dogecoin’s price is moving in a falling wedge, and it is expected to rally upon breakout. The MVRV Ratio shows that DOGE is in the opportunity zone, which triggers a reversal. DOGE has seen rising conviction among investors, which is key to supporting a rally. Dogecoin’s (DOGE) price is declining on the daily chart,…
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In Brief Binance Coin is poised to be one of the best-performing assets, given its ongoing consolidation and proximity to forming a new ATH. PEPE, which has already noted a 585% growth in the last three months, could still rise by another 41%. Tron (TRX) just prevented a death cross on the daily chart, providing it…
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In Brief Solana’s price failed a bullish breakout and is now close to witnessing a death cross. The bearish market cues are weighing heavy on the altcoin, as evidenced by the RSI. Sharpe ratio is at a 4-month low of -4.27, signifying negative risk-adjusted returns. Solana’s (SOL) price is close to witnessing a bearish phenomenon…
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In Brief Six new spot Bitcoin and Ethereum ETFs starts its debut on the Hong Kong Stock Exchange (HKEX). The ETFs are available in HKD, USD, and RMB, with promising opening prices and innovative features. Industry experts express optimism about Hong Kong’s future as a crypto-friendly financial hub. Hong Kong has made a significant stride…
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In Brief Vitalik Buterin has responded to community concerns regarding the network’s transition from PoW to PoS. Buterin emphasized the necessity and benefits of this shift, citing concerns over PoW’s centralization. Despite Ethereum’s successful transition to PoS, regulatory scrutiny, particularly from the SEC, persists. Ethereum co-founder Vitalik Buterin has responded to community concerns about the…
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In Brief DTCC has decided to impose a 100% haircut on all investment instruments backed by crypto assets. Some analysts speculate that this move could lead to reduced liquidity and increased risk for investors However, others argued that the DTCC decision might not significantly affect crypto ETF performance. The Depository Trust and Clearing Corporation (DTCC)…
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In Brief Forbes labels Ripple, Cardano, Fantom as “zombie tokens” with high speculation. Ripple fails to meet banking revolution goals, shows minimal transaction fees. Cardano and Fantom lack real-world applications despite high market valuations. In a recent Forbes exposé, cryptocurrencies like Ripple (XRP), Cardano (ADA), and Fantom (FTM) have been highlighted as “zombie tokens.” These command multi-billion…
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