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Search Results for: crypto market

Polygon Alternative Poised to Reach $18 in 2024, Currently only at $0.08

In the landscape of blockchain and decentralised finance, innovation stands as the linchpin for success. While Polygon (formerly Matic Network) has been a stalwart in Ethereum scaling, a formidable competitor is swiftly making its mark—Retik Finance. Positioned as a compelling alternative to Polygon, Retik Finance is gaining prominence with aspirations

January 20, 2024 4 mins read

XRP Faces Moment of Truth as Symmetrical Triangle Pattern Nears Apex

XRP finds itself at a pivotal moment, theoretically days away from a major price breakout or breakdown. The cryptocurrency has formed a symmetrical triangle pattern on its chart as buyers and sellers fight for control. XRP has been confined to the triangle structure since its surge to 2023 highs of

January 20, 2024 2 mins read

Why is Bitcoin Dropping? Unraveling Grayscale’s BTC Selling Spree

The flagship cryptocurrency, Bitcoin (BTC), is currently witnessing a downturn, with Grayscale, one of the largest holders of Bitcoin, engaging in a significant sell-off. This move has left investors and market analysts speculating about its reasons and potential impact on the global crypto market. The catalyst for this development came

January 19, 2024 2 mins read

USDT Issuer Tether Bought $380 Million Worth of Bitcoin

Tether, the issuer of the USDT stablecoin, has been heavily investing in Bitcoin throughout Q4 2023, purchasing a large number of BTC.  In the last phase of the past quarter, Tether added $380 million worth of bitcoin to its holdings, further solidifying its position in the crypto market. As a

January 18, 2024 1 min read

BlackRock’s Spot Bitcoin ETF Hits $1 Billion AUM in First Week

With $1 billion in assets under management (AUM), BlackRock’s spot bitcoin ETF became the first bitcoin ETF provider to reach this milestone on Wednesday. January 12 marked the beginning of trading for the asset manager’s iShares Bitcoin Trust (IBIT). Robert Mitchnick, Head of Digital Assets at BlackRock stated via email:

January 18, 2024 1 min read

Ethereum Faces Bearish Pressure as Brief Correction Underway

A significant amount of the Bitcoin (83%), Ethereum (84%), and XRP (81%) supply is profitable, according to a recent publication by Santiment. Movements outside of the 55–75% range have traditionally been seen as low risk, while those within the range have been seen as average. The PSP indicator tracks the

January 18, 2024 2 mins read

JPMorgan CEO Jamie Dimon Warns Against Bitcoin Investments

The chief executive officer of JPMorgan, Jamie Dimon, made news when he warned against Bitcoin investments in a recent CNBC interview. The comment is the most recent in Dimon’s string of criticism directed against Bitcoin. Cryptocurrencies like Bitcoin have had Jamie Dimon’s skepticism for quite some time. He has further

January 17, 2024 2 mins read

BTC Continues to Fall Post ETF Approval. More Decline Expected?

The global cryptocurrency market is currently gripped by uncertainty as Bitcoin (BTC) trades within a narrow range. A staggering 57% drop in global market trading volume over the last four days has contributed to the cautious feelings, leaving crypto enthusiasts on the edge, eagerly anticipating the next market trend. The

January 16, 2024 2 mins read
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