Author: admin

Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500.“This is what you’d want to see. [Bitcoin] coming back up again, after a weird move down on the 1st of this month,” MN Fund founder and analyst Michaël van de Poppe said on Tuesday.He added that it was “crucial” for Bitcoin (BTC) to break above $92,000.“If that breaks, then I’m sure we’ll start to see a new all-time high and a test at $100,000.”Van de Poppe compared Bitcoin’s current price situation…

Bitfinex Alpha reveals that selling pressure has reduced, and BTC is close to its lowest point in this cycle. The recent market downtrend has left many bitcoin investors and market enthusiasts in confusion. This is because predictors and a few factors point to a further downtrend, while some claim that the world’s leading crypto sits at a powerful support zone. Obviously, BTC witnessed a significant price recovery last week, jumping by about 15% to surpass $93,000. However, this move was short-lived, as it plunged by $84,000 on Monday amid heavy selling by many holders, setting the new week off to…

A six-year data review shows five large and mid-cap cryptocurrencies often gain during December. However, their “Santa rally” success is clustered in specific bull and recovery years, not every Christmas.The analysis covers December performance from 2019 to 2024. It focuses on USD returns for Bitcoin, Ethereum, Binance Coin, Litecoin and Monero.Bitcoin: Big December Moves in Bull CyclesBitcoin delivered its strongest December in 2020, rising about 48% from roughly $19,700 to $29,000. It posted another solid December gain in 2023, adding about 12% as ETF optimism returned.Sponsored SponsoredBy contrast, Bitcoin fell about 5% in December 2019 and nearly 19% in 2021.…

Interpol’s updated crime data reveals increasingly sophisticated crypto scam networks overlapping with drug, firearms, and wildlife trafficking markets worldwide. International Criminal Police Organization (Interpol) has formally designated crypto-enabled fraud as a global criminal threat, following the adoption of a new resolution at its General Assembly, which aims to tackle the rapid expansion of transnational scam centres implicated in large-scale fraud, human trafficking, and severe abuse. According to the organization, these criminal hubs often lure victims with promises of high-paying overseas jobs before coercing them into compounds where they are forced to carry out schemes ranging from voice phishing and romance…

The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange’s crypto chief.“We’ll just move as fast as we can,” Nasdaq’s head of digital assets strategy, Matt Savarese, said during an interview with CNBC on Thursday, when asked whether the SEC could approve the proposal this year.“I think what we have to really evaluate where the public comments come back in and then answer and respond to the SEC questions as they come through,” Savarese said. “We hope to kind of work…

The Bitcoin market experienced a moderate price rebound over the past week, following a prolonged period of price correction that began in early October. The flagship cryptocurrency is now trading above $90,000, with hopes building for a potential push back toward its all-time high of $126,100. Notably, popular market analyst KillaXBT has flagged a key price zone that could serve as the next target in this relieving market recovery. Related Reading Bitcoin Headed To $95k-$96k, But Price Pullback May Occur First – Analyst In an X post on November 28, KillaXBT shares some compelling insights on Bitcoin’s price condition, highlighting…

Over the past week, the Bitcoin price had its best performance since the infamous October 10 downturn, which led to the largest liquidation event in crypto history. The premier cryptocurrency seems to be on a recovery path, returning above the $90,000 mark on Wednesday, November 26. Despite the several calls of the bear market in recent weeks, the crowd has returned with hopes of the BTC bull run resuming. However, a prominent on-chain analyst has come forward with an interesting analysis of the current Bitcoin price outlook. BTC Price To Continue Within $70,000 – $90,000 Zone: Analyst In a November…

Momentum on Solana is compressing as the chart approaches two pivotal decision points, making the coming days especially significant. With a deeper corrective target on the macro frame and a respected support zone in the mid-range, SOL is gearing up for a move that could shape its next major trend. This Wave Completed As Solana Signals A Larger Pullback Elliott Waves Academy has presented a fresh perspective on SOL, focusing on the weekly timeframe. According to the analysis, SOL appears to have completed its upward wave, identified as wave (1)/(A), within a broader bullish structure. This recent break below a key level reinforces…

Chainlink is gaining renewed attention in the crypto market after the Chainlink Strategic Reserve continued its steady accumulation trend, adding another $1.18 million worth of LINK in the past 24 hours. While the broader crypto market has gone through significant losses over the past two months, this purchase demonstrates strong confidence in the token’s long-term value and reinforces the project’s determination to scale institutional demand through strategic treasury management. The latest transaction saw the Reserve accumulate roughly 89,000 LINK, bringing its total holdings to nearly 973,752 tokens valued at approximately $12.9 million. Over the past week alone, the entity has…

According to trading records and company filings, Grayscale’s new spot Dogecoin ETF — ticker GDOG — opened quietly, pulling in just $1.4 million in trading volume on its first day on NYSE Arca. Muted Debut On NYSE Arca Reports have disclosed that the debut fell well short of some public forecasts. Bloomberg analyst Eric Balchunas had suggested the fund might see roughly $10–12 million in opening-day volume, a target that the actual figures did not meet. That gap has drawn quick commentary from traders and analysts, who say the launch exposure was smaller than expected for a high-profile first spot…