The cryptocurrency market experienced some turbulence at the end of the business week, with multiple assets dropping by up to 10% from their local peaks. BTC and XRP are no exception. Both dropped hard, driven to an extent by FUD from large sell-offs. Now, though, Santiment has outlined a big bullish sign. BTC, XRP to…
The leading cryptocurrency asset has remained a strong contender for different companies’ treasury strategy, now recognized globally within the corporate world. With rising uncertainty in major economies due to various political and macroeconomic conditions, BTC remains a “safer” alternative, at least for now. Another Player in The Game An AI-focused firm headquartered in Japan, listed…
Galaxy CEO Mike Novogratz has predicted that Ethereum (ETH) could outperform Bitcoin (BTC) in the coming 3 to 6 months. During a Thursday interview with CNBC, the executive revealed that market conditions increasingly favor ETH’s upside. Corporate Interest and ETF Flows “I think Ethereum probably has a lot of chance to outperform Bitcoin in the…
CryptoQuant CEO Ki Young Ju has declared that the long-standing Bitcoin (BTC) cycle theory is “dead,” and has issued a public apology for his earlier bearish predictions. Ju, once a proponent of cycle-based forecasting, where he advocated buying when whales accumulate and selling when retail floods in, acknowledged that “the pattern no longer holds” amid…
After enduring months of criticism for lagging behind other crypto assets, Ethereum is making a strong return as it reclaims market share. Despite the recent pullback, the altcoin appears to be closing in on $4,000. Whale Accumulation Hints at Much Bigger Move Underneath its price action, large holders are quietly gearing up to fuel the…
The Bitcoin exchange-traded funds (ETFs) market is expanding and raking in billions of dollars in capital. Despite this growth demonstrating rising adoption of the leading digital asset, finance guru Robert Kiyosaki believes ETFs are for the average investor. Unfortunately, Kiyosaki thinks it is unwise to remain an average investor because such market participants are restricted…
The Hash Ribbons signal, which began flashing on June 25, has now completed. This points to a potential shift in Bitcoin’s mining and price cycle as the leading crypto asset saw a steep decline of 3% over the past day. Hash Ribbons End After Miner Stress According to the latest analysis shared by CryptoQuant, the…
Ripple’s XRP is under pressure after a wave of long liquidations rocked Binance this week, sparked by growing speculation around major token dumps by Ripple co-founder Chris Larsen. According to on-chain investigator ZachXBT, Larsen-linked wallets offloaded 50 million XRP, valued at about $175 million, to multiple addresses starting July 17, with around $140 million allegedly…
Bitcoin’s price tumbled by more than four grand in the past 12 hours or so amid reports that Mike Novogratz’s Galaxy Digital has initiated a substantial sell-off for roughly $1.5 billion in BTC. The move south has harmed over-leveraged traders, with nearly 150,000 such market participants getting liquidated on a daily scale. BTCUSD. Source: TradingView…
Around 103,500 Bitcoin options contracts will expire on Friday, July 25, and they have a notional value of roughly $12.6 billion. This one is much larger than last week’s expiry, being an end-of-month event, but unlikely to be enough to influence spot markets, which have been on the back foot for most of the week….