Month: January 2024

Since the beginning of 2023, the cryptocurrency market cap has been on the rise within an ascending parallel channel. In December 2023, an upward surge resulted in a breakout, reaching a peak of $1.73 trillion last week. Although this high surpassed the 0.382 Fib retracement and the $1.61 trillion horizontal resistance, TOTALCAP failed to close…

In the midst of an anticipated pivotal week for the crypto realm, attention shifts to the United States Securities and Exchange Commission (SEC). It is expected to greenlight a spot Bitcoin ETF by Wednesday, January 10, with Bloomberg analysts James Seyffart and Eric Balchunas giving it a 90% likelihood. This development underscores the SEC’s forward-looking…

The Central Bank of Nigeria (CBN) has granted approval to the Africa Stablecoin Consortium (ASC) to test the cNGN stablecoin within its regulatory sandbox. The official launch of the stablecoin is scheduled for February 27, 2024. As stated in a blog post by the Africa Stablecoin Consortium, a collaboration involving Nigerian banks and fintech operators,…

This week, Bitcoin underwent a notable 10% decline, causing a ripple effect on various other cryptocurrencies, pulling them down by 10% to 20%. In a recent video update, analyst Jason Pizzino questioned whether this signifies the conclusion of a flash crash or if it’s just the initial phase. Pizzino discussed correction price targets and emphasized…

In a potential game-changing move for Shiba Inu (SHIB), discussions have emerged about a substantial 99% reduction in its circulating supply, aiming to overcome challenges in reaching ambitious price targets. The current proposal suggests trimming the extensive 589.3 trillion SHIB supply to a more manageable 5.89 trillion, envisioning a target price of $0.01. If successful,…

In recent developments, Nasdaq modified the Valkyrie Bitcoin ETF 19b-4 application and also submitted an amendment for BlackRock’s iShares Bitcoin ETF 19b-4 application. This signals that the U.S. Securities and Exchange Commission (SEC) has conducted private discussions with exchanges regarding 19b-4 filings and appears content with the latest submission. Analysts Eric Balchunas, James Seyffart, and…

Bitcoin has surged past $44,000, and experts foresee the beginning of a substantial rally. Notably, analyst PlanB predicts a value of $55,000 by the halving, a doubling in 2024, and a more than tenfold increase to $532,000 in 2025. This projection is based on PlanB’s stock-to-flow model and other charts, with expectations of hitting $100,000…

Anticipating a potential surge, Cardano’s [ADA] price is expected to rise in the upcoming days. This prediction is grounded in the notable accumulation of the token by whales over the past 14 days. Cardano Whales Poised to Initiate a new Phase in their Journey Utilizing Santiment’s data, we observed an increase in ADA holdings within…

Recent reports reveal significant movement of over 50 million XRP tokens by a single whale across various exchanges during a price decline. Notably, a mysterious wallet transferred 26 million XRP tokens (approx. $15.22 million) to Bitso and another 24.7 million XRP tokens (approx. $14.68 million) to Bitstamp, sparking speculation. This wallet has consistently orchestrated similar…

Approximately $100 billion exited the cryptocurrency market within the last 24 hours due to Bitcoin’s late trading crash on January 3. BTC experienced an 8% decline, reaching a low of around $42,000 before recovering to reclaim $43,000 on January 4. Amid speculation about the awaited pack of spot Bitcoin ETFs, possibly facing scrutiny from the…