We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, Airdrops,NFTs, and Altcoin trends and happenings.
On March 7, crypto analyst Dylan LeClair published an extensive report discussing the present condition of the Bitcoin market. LeClair noted the onset of supply distribution, emphasizing the trend of Bitcoin holders beginning to sell off their holdings as new participants, particularly exchange-traded funds (ETFs), enter the market. Despite this development, LeClair reassured readers that…
What prompts caution regarding the recent surge in Shiba Inu (SHIB) cryptocurrency? A pseudonymous cryptocurrency analyst, known as AwesomeAvani, suggested that following a significant rally in Shiba Inu (SHIB) prices, the token may need a substantial cooldown period before experiencing another upward movement. Using a metaphor of sled dogs pushing hard, the analyst emphasized the…
Amidst a significant resurgence in user activity in India, CoinSwitch has achieved the milestone of becoming the first Indian crypto exchange to surpass 20 million registered users. Several factors have contributed to this accomplishment. The approval of Bitcoin (BTC) exchange-traded funds (ETFs) in the United States, along with the potential approval of Ethereum ETFs, has…
Amid a market rebound, crypto asset manager 21Shares has achieved a significant milestone by surpassing $5 billion in Assets Under Management (AUM). In a press release issued on Tuesday, the company, renowned as the largest issuer of cryptocurrency exchange-traded products (ETPs) globally, disclosed that $3.17 billion of the total AUM is attributable to its subsidiary,…
Fetch.ai, an on-chain AI project, has unveiled Fetch Compute subsequent to securing a $100 million investment in its infrastructure. This suite of tools and training capabilities targets developers and users engaged in AI endeavors, aiming to elevate their capacity to craft sophisticated applications and fortify the AI economy’s foundations. Utilizing Nvidia H200, H100, and A100…
RealVision CEO Raoul Pal, a former hedge fund manager at Goldman Sachs, emphasized the potential buying opportunities presented by periods of significant liquidation in the Bitcoin market. Pal’s remarks followed Bitcoin’s surge to a new all-time high surpassing $69,000, only to witness a sharp decline to approximately $63,000 on Tuesday. Following the price correction, data…
Surge in Trading Activity for US-Listed Bitcoin ETFs Amidst Market Volatility As Bitcoin (BTC) experienced a sharp decline of 7% within a 24-hour period, veering away from its trajectory towards its all-time high, US-listed spot Bitcoin exchange-traded funds (ETFs) saw unprecedented levels of activity on Tuesday. According to CoinGecko data, the leading digital currency’s abrupt…
Are Bitcoin Whales Defying Historical Trends Through Accumulation? Despite Bitcoin nearing its all-time high around the $69,000 mark, large holders of the cryptocurrency, commonly known as “whales,” are exhibiting unconventional behavior. On-chain data indicates that these major investors have been actively accumulating Bitcoin in recent days, even as its price remains near historic levels. What…
Was ADA’s Pullback a Positive Indicator for Investors in the Bull Market? Renowned cryptocurrency analyst Dan Gambardello suggests that ADA’s recent pullback, occurring in tandem with Bitcoin’s drop from its all-time high, could be interpreted as a favorable development for investors amidst the emerging bull market. How Does ADA’s Behavior Compare to Previous Bull Cycles?…
Boost in Bitcoin Price Driven by Increased Buying Demand Early Wednesday, Bitcoin (BTC) prices experienced an upsurge, primarily fueled by a surge in buying demand and a significant shift in funding rates for perpetual contracts. This resurgence contributed to a broader-market recovery following a notable decline. Buying Demand and Market Recovery: The surge in Bitcoin…