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GBTC Discount Narrows to Zero; Experts Say Return of Premium to NAV Is a Possibility
30.1.2024
The recently disappeared GBTC discount may be “a sign of industry maturing and the improved enterprise acceptance of bitcoin.” While some see the disappearance of the discount as pointing to the re-emergence of the premium to the net asset value (NAV), one expert said he sees...
Bitcoin Price Prediction Surges to $43,500 Amidst New ETF Launches and Fidelity Gains
30.1.2024
In the dynamic world of cryptocurrency, the latest Bitcoin price prediction sees the digital asset making a notable surge, reaching $43,500 with an increase of approximately 2.75% on Tuesday. This uptick in Bitcoin’s value comes amidst a flurry of activity in the exchange-traded fund (ETF)...
9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion
29.1.2024
Current data reveals that Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) currently possesses 52,025.76 bitcoin, with a total value of $2.18 billion. Furthermore, Fidelity’s FBTC has increased its bitcoin holdings, now standing at 46,238.09 bitcoin as of Jan. 29, 2024....
Unibot Drives Token Value Higher by Distributing 80% of Solana-based UNISOL to UNIBOT Holders
29.1.2024
Trading application Unibot has announced the issuance of a native Solana ecosystem token, UNISOL, causing a stir in the market and triggering volatile price action last week. The move, which initially met criticism from long-time UNIBOT holders, is intended to accrue value back to the holders...
Bitcoin Technical Analysis: Bearish Signals and Bullish Hints Amidst Market Turbulence
29.1.2024
Bitcoin, the leading digital currency by market cap, showcased nuanced market dynamics on Jan. 29, 2024. Bitcoin’s value fluctuated within a narrow band, ranging from approximately $41,950 to $42,069 within the last hour. Indicators such as oscillators and moving averages reveal a diverse...
Unibot Boosts Token Value With Solana Ecosystem Draw
29.1.2024
UNIBOT holders are set to receive some 80% of the supply of Solana-based UNISOL through a snapshot and claim mechanism
Bitcoin (BTC) Rival Launches Viral Cartoon Video As Token Presale Nears Half-A-Million Dollars
29.1.2024
Bitcoin had a stellar 2023 but this year, 2024, has started off rocky. The store-of-value token’s price has tumbled from January’s high of $48,000 to $41,000 in 3 weeks. As investors look for options to stop the bleeding of profits, many are eyeing the new rival, Mollars token. The alternative...
Vanguard Says No to Bitcoin ETFs — Views Crypto as ‘Immature Asset Class’ With ‘No Inherent Economic Value’
29.1.2024
Financial giant Vanguard has explained why the firm does not make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. A Vanguard executive stressed that cryptocurrency is “an immature asset class that has little history, no inherent economic value, no cash flow,...
Bitcoin Stabilizes Over $42,000 as Crypto Fear and Greed Index Shifts to Neutral
28.1.2024
Recently fluctuating within the realms of “greed” and “extreme greed,” the Crypto Fear and Greed Index transitioned into a “neutral” phase on Sunday, Jan. 28, 2024. This shift coincides with bitcoin’s value jumping slightly over $42,000. In...
Compelling Daily Staking Rewards Drive Traffic to Scorpion Casino Presale – $SCORP Investment Outlook 2024
27.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. New projects are constantly popping up in the crypto world, offering tokens that promise to have value in the future. However, Scorpion Casino is different. Even before the token is officially...
How Thoreum Outpaces BTC in Price Growth Throughout Bull and Bear Markets
26.1.2024
In the exhilarating world of cryptocurrencies, where fortunes are made and lost in the blink of an eye, Thoreum emerges as a beacon of stability and growth, offering compelling reasons why it outshines even the mighty Bitcoin (BTC) as the premier store of value token. This in-depth analysis delves...
Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
25.1.2024
Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981. Concurrently, the Aave-developed stablecoin GHO has seen...
Crypto analyst predicts XRP’s lowest value against Bitcoin
25.1.2024
Max Keiser, a crypto market analyst, has boldly said that XRP has every possible chance of going zero against Bitcoin. He has based that on the grounds that XRP does not have any strong fundamentals. The Ripple community is obviously not split; most of them continue to back XRP while others remain...
Crypto VC Deals in 2023 Plunged 70% on Funding Constraints
25.1.2024
Crypto venture capital (VC) funding dropped 70% in 2023, securing only about $10b in deal value. That’s a drop from nearly $32b in 2022, which had nearly 90% more deals. Galaxy Digital published a report Wednesday showing venture deal activity in the crypto sector last year. It revealed...
Polymer Labs Secures $23 Million to Build Ethereum’s ‘Interoperability Hub’
25.1.2024
Polymer Labs, the inter-blockchain communication (IBC)-based networking layer two (L2), recently disclosed that it had raised $23 million via a Series A funding round. Polymer said only Ethereum and all chains under the IBC control will initially be compatible with its interoperability solution....
Okx Exchange Announces Plans to Compensate Users After OKB Token Flash Crash
25.1.2024
Following a sudden plunge in the value of its native token OKB, which fell over 50% in a matter of minutes, Okx exchange has committed to developing a compensation plan for users caught in the resultant wave of automatic liquidations. Okx Exchange to Roll Out Compensation After Unexpected OKB Token...
Bitcoin and Ethereum Price Prediction as BTC Traders Target $30,000 Level and ETH Bounces From Support
24.1.2024
In the ever-dynamic world of cryptocurrency, Bitcoin (BTC) and Ethereum (ETH) continue to navigate through turbulent waters. As of recent developments, Bitcoin, the pioneer and most valued cryptocurrency, experienced a significant downturn, breaching the $40,000 mark and stirring market...
JPMorgan Analysts Downgrade Coinbase Shares to Underweight, Citing Impact of Spot Bitcoin ETFs
24.1.2024
JPMorgan analysts have downgraded Coinbase shares from Neutral to Underweight, causing a 5% drop in the stock’s value during premarket trading on Tuesday. The analysts have also established a price target of $80 per share, indicating a significant downside risk of over 37% from the current...
Now official, 1-million Mollars tokens pre-sold as crypto users anticipate a new store of value cryptocurrency
24.1.2024
It’s now official that 1-million Mollars tokens have been pre-sold. Crypto traders appear extremely bullish & excited about the Bitcoin-alternative crypto’s launch on Ethereum Blockchain. The deflationary digital currency offers a store of value but with 80% less transaction fees...
OKB Flash Crash Wipes Out $6.5B In Minutes, OKX Vows to Reimburse Traders
23.1.2024
The OKB flash crash on the OKX exchange wiped out billions in market value within minutes before a swift rebound. Image by Dennis, Adobe Stock. In a major crash that shocked traders, the OKB price dropped over 50% within 15 minutes on January 23, wiping out $6.5 billion in diluted market...