In Brief Although Bitcoin has shed some losses, distribution from holders signals that the coin’s troubles are far from over. Spot Bitcoin ETFs recorded persistent outflows last Friday, giving further credence to the sentiment. BTC price is closing in on the supply zone around $62,477, suggesting that it may retrace to $60,499. Bitcoin (BTC) holders…
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In Brief Ondo’s price significantly recovered, and appears to be driven by substantial accumulation from Blackrock. The project also experienced strong user engagement, suggesting a further spike in the native token’s value. Analysis shows that ONDO could reach $0.87, which is situated at the 38.2% Fibonacci level. If sustained, it may retest $1.10. Ondo’s (ONDO)…
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In Brief The SEC is expected to appeal Ripple’s court ruling on XRP sales. The agency disputes the classification of XRP secondary sales. The appeal could also challenge the reduced $125 million fine. The US Securities and Exchange Commission (SEC) is expected to appeal the judge’s ruling in its case against Ripple Labs. The appeal…
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In Brief The total crypto market cap witnessed an addition of $210 billion in one day. Bitcoin’s price rallied beyond $60,000, set to test it as support and push further. SUI token emerged as the best performer of the day with a 38% rally in 24 hours. The total crypto market cap (TOTAL) seems to…
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In Brief Fantom price could rise above its recent slump with a potential to reach $0.66 or even $0.99 if bullish trends persist. The token trades above the 23.6% Fibonacci level, suggesting a potential upswing if it holds above the bear market support floor If bears regain control, the bullish thesis may be invalidated, and…
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In Brief The SEC has approved the first-ever Ethereum ETF, marking a major milestone for Ethereum and the crypto industry. This approval indicates growing institutional acceptance and allows investors to gain direct exposure to Ethereum. Following the news, Ethereum’s price had muted response. It is currently trading around $3,475. Ethereum has followed in Bitcoin’s footsteps,…
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In Brief Billionaire Mark Cuban notes Kamala Harris’ team has been asking numerous crypto-related questions. Bitcoin Magazine CEO reveals that Harris is in discussion for speaking at the Bitcoin Conference 2024. The crypto community reacts to Harris’ interest with mixed opinions on potential policy changes. Vice President Kamala Harris is probing the crypto industry…
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In Brief Chainlink realized gains spiked to $106.55 million, but subsequently, reduced realize losses could trigger an uptrend. The token’s price could see sustained growth following a rise in active and new addresses on the network. LINK has broken out of a falling wedge, and despite a slight fall, a buy signal appears, suggesting a…
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In Brief Internet Computer has been moving in a similar direction to Bitcoin as indicated by a 90-day correlation. This correlation has contributed to ICP’s recent price gains and a key integration could strengthen it. ICP’s price trades above the 20 EMA with the Supertrend supporting a bullish outlook for the token. Not all cryptocurrencies…
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In Brief The SEC has approved the first-ever Ethereum ETF, marking a major milestone for Ethereum and the crypto industry. This approval indicates growing institutional acceptance and allows investors to gain direct exposure to Ethereum. Following the news, Ethereum’s price had muted response. It is currently trading around $3,475. Ethereum has followed in Bitcoin’s footsteps,…
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