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Bitcoin Wobbles Below $46K, Ether and Grayscale's GBTC Jump as SEC Approves Spot Bitcoin ETFs
10.1.2024
After the spot bitcoin ETF approval, all attention turns to how much demand these investment vehicles will attract
Tom Lee Predicts Bitcoin Could Reach $500,000 in Next Five Years
10.1.2024
Source: Pixabay Crypto market analyst Tom Lee has predicted that Bitcoin could reach $500,000 within the next five years. In an interview on CNBC’s “Squawk Box,” Lee predicted that Bitcoin could hit $100,000 and “maybe” $150,000 within the next 12 months, and added that “something around half...
Ethereum Bounces Back: Surpasses 2-Year Low Against Bitcoin Following Erroneous SEC Announcement
10.1.2024
On Jan. 9, 2024, ethereum’s value relative to bitcoin plummeted to its lowest level since November 2021. Yet, in the past 24 hours, ether has rallied, gaining 3.66% against bitcoin, recovering from this two-year low. Ether Rebounds Strongly in Wake of SEC Misstep On Wednesday, ethereum (ETH)...
Arbitrum Dominates with Nearly 50% of Ethereum Layer 2 Total Value Locked
10.1.2024
Source: Adobe / Rafael Henrique The Ethereum-based layer 2 network Arbitrum has shown significant strength in the market, with its native token, ARB, outperforming a number of other smart contract tokens over the past 30 days. According to data from CoinMarketCap, ARB has now risen some 75% during...
Polygon and ORDI Show Downtrends, While NuggetRush’s Presale Sees Remarkable Success
10.1.2024
TLDR Polygon (MATIC) has hinted at a possible partnership with a banking firm. Ordi has recorded a sharp price correction despite its recent market leap. NuggetRush (NUGX) has added great excitement to the play-to-earn community with its NFT-filled mining game. Polygon’s (MATIC) network is abuzz...
Altcoins Weekly Losses Grow as Market Liquidations Continue
10.1.2024
Pixabay Cryptocurrencies face market corrections days into 2024 based on several factors ranging from trader gripping reports, a fake spot Bitcoin (BTC) ETF social media post, and other factors. On-chain data shows declining asset prices in the second week of the year, especially around altcoins...
Wintermute Reports 400% Surge in OTC Crypto Trading Volumes for 2023
10.1.2024
Source: Wintermute Wintermute has reported a staggering 400% increase in over-the-counter (OTC) trading volumes for the year 2023 in the midst of a challenging year for crypto exchanges.In the latest report of its OTC performance, the crypto market maker and liquidity provider Wintermute revealed...
Ethereum Price Prediction as Inflows Surge to $29 Million – Can ETH Hit $5,000 This Month?
10.1.2024
The Ethereum price has bounced by 5% in the past 24 hours, hitting $2,411 as the cryptocurrency market as a whole has actually dipped by 0.1%. ETH’s move today means it is now up by 1.5% in a week and by 7.5% in the last 30 days, with the biggest altcoin in the market also […]
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SEC Faces Backlash from Crypto Leaders for Erroneous Bitcoin ETF Tweet
10.1.2024
Source: Adobe/Kristina Blokhin The Securities and Exchange Commission (SEC) has found itself in hot water after an unauthorized tweet on its official account suggested that spot Bitcoin exchange-traded funds (ETFs) had been approved. The incident, which caused significant volatility in the crypto...
Solana Price Prediction as Developer Activity Hits New High – A Bullish Signal for SOL?
10.1.2024
The Solana price has dropped by 3% in the past 24 hours, slipping to $97.37 on a day when the wider crypto market has fallen by 0.5%. SOL has now fallen by 10% in a week and by 14% in the past fortnight, yet the altcoin remains up by an impressive 41% in the last […]
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Nigerian Payments Fintech Startup Cleva Secures $1.5 Million in Pre-Seed Funding
10.1.2024
The Y Combinator-backed Nigerian fintech startup has reportedly raised $1.5 million in pre-seed funding. Tolu Alabi, the CEO of Cleva, expressed confidence in her and fellow co-founder Philip Abel’s ability to navigate the competitive fintech market, citing their background as a factor that counts...
Valkyrie CIO Says Market May See Ripple, Ethereum ETFs Next
10.1.2024
Source: DALL·E Valkyrie Funds Chief Investment Officer Steven McClurg says it wouldn’t be surprising if a Ripple and Ethereum spot exchange-traded fund (ETF) came to the market speaking in an interview with Bloomberg TV. “It wouldn’t surprise me if we saw Ripple or Ethereum spot ETFs...
Cybersecurity Risks in the Cryptocurrency Industry
10.1.2024
Source: iStock / JuSun The US Securities and Exchange Commission (SEC) social media account being compromised is concerning. Impersonations and hacks are nothing new in the cryptocurrency space but could the hack have been avoided? After the post, the SEC started an internal market manipulation...
ProShares Bitcoin Strategy ETF (BITO) Surpasses $2 Billion in Assets, Sets All-Time High
10.1.2024
Image Source: Adobe The ProShares Bitcoin Strategy ETF (BITO), an exchange-traded fund focused on Bitcoin (BTC) futures, has amassed over $2 billion in assets, reaching an all-time high. According to data by YCharts, BITO’s assets stood at $2,010,057,946 as of the market close on January...
Bitcoin Price Prediction: Dips to $46,000 Amid SEC Security Flaw & ETF Turmoil
10.1.2024
In a market marked by heightened sensitivity to regulatory actions, Bitcoin’s price experienced a notable dip to $46,000, reflecting nearly 1.50% decrease on Wednesday. This latest fluctuation in the world’s premier cryptocurrency comes amid news of a security oversight at the U.S....
Mad Money Host Jim Cramer Says ‘Bitcoin Is Topping Out’
10.1.2024
Jim Cramer, the host of CNBC’s Mad Money show, says bitcoin is topping out. He recently said bitcoin cannot be killed, emphasizing that “It’s a technological marvel, and people have to start recognizing that it’s here to stay.” Cramer’s remarks followed...
Bitcoin Price Prediction as VanEck Buys $72.5 M in BTC – ETF Decision Within 48 Hours
10.1.2024
As the cryptocurrency world eagerly awaits the U.S. Securities and Exchange Commission’s (SEC) decision on Bitcoin ETFs, the market is abuzz with speculation and activity. Bitcoin price has consistently held strong above the $47,000 mark, drawing strength from the growing optimism surrounding...
Crypto Boosters Attack SEC For 'Manipulating' BTC Market After ETF Tweet
10.1.2024
Lawmakers and crypto boosters are asking questions about how the SEC's X (formerly Twitter) account was compromised, leading to a bogus tweet on Tuesday
5 New Cryptocurrency That Crypto YouTubers Tip To Pump in 2024
10.1.2024
Crypto influencers have chosen their top new cryptocurrency picks for 2024. Image by Pol Solé, Adobe Stock. The cryptocurrency market never sleeps, and crypto influencers are already looking ahead to predict which new cryptocurrencies could pump in 2024. Three new projects—XAI, TIA, and NFP—are...
Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility
10.1.2024
Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). False Spot ETF Approval Post Causes Chaos...