Demand for spot Bitcoin exchange-traded funds (ETFs) is surging as investors poured a record $2.45 billion into crypto funds, driven by the recent approval of these products and the desire for safe and regulated exposure to cryptocurrencies. The total assets under management for these funds are now at $67 billion, the highest since December 2021.
Ethereum has surged in price and analysts predict it could continue to rise due to the upcoming Dencun upgrade, potential SEC approval of an Ethereum ETF, increasing open interest in futures contracts, and high transaction volumes on layer-2 scaling networks.
Pixels, a popular blockchain farming and social game, has launched its PIXEL token on Binance, with the token's value already rising by 15.8% on its debut day and securing a market cap of $441 million, making it one of the top 200 valuable cryptocurrencies. The game, which incorporates NFTs and a crypto token economy, has migrated to Ronin, a gaming-centric sidechain, and has seen a significant increase in user adoption.
The Bitcoin price reached a new yearly high of $52,800 but has fallen slightly since, with analysts predicting a possible retest of $50,000 before another potential surge.
Bernstein is optimistic about the future of Ethereum, projecting a 50% chance of SEC approval for an Ethereum ETF by May and emphasizing the potential for institutional adoption and the development of tokenized financial markets on the Ethereum network. Furthermore, the recent purchase of Ethereum worth $66 million by a prominent crypto whale wallet indicates growing investor confidence in the cryptocurrency.
Crypto is at a turning point and may soon reach its ChatGPT moment, with the potential to transform the market structure by forcing interoperability and portability and allowing developers to distribute their creations freely, escaping the control of tech giants.
The largest Bitcoin whales are accumulating billions of dollars worth of the cryptocurrency, with wallets holding 1,000 to 10,000 BTC adding $12.95 billion in 2024, according to market intelligence platform Santiment.
Blockchain gaming platform Pixels has announced a plan to distribute 20 million PIXEL tokens through an airdrop targeting users of the Ronin network who have staked RON tokens, with rewards reaching up to 3,955 PIXEL per eligible wallet. While airdrops can attract new investors, the long-term effectiveness of fostering community engagement remains uncertain.
Coinbase's recent earnings and bullish future outlook are discussed in this video, highlighting the potential for continued success in the crypto market and blockchain innovations.
Riot Blockchain is poised for long-term success in the competitive Bitcoin mining industry due to its efficient mining strategy and power management, making it more prepared for the upcoming halving compared to Marathon Digital.
Riot Blockchain's mining strategy, which focuses on efficiency and a cost-effective power strategy in Texas, positions it for long-term success in the Bitcoin mining industry, particularly after the upcoming halving event.
Crypto analyst Jason Pizzino believes that a significant correction in the altcoin market is unlikely and that altcoins are in a strong position for further gains, pointing to the consolidation phase in the TOTAL3 chart and Ethereum's relatively tame bear market as reasons for optimism.
Edward Snowden, the whistleblower and international fugitive, praised Bitcoin as the most significant monetary advancement since the creation of coinage, stating his opinion on Twitter and emphasizing its potential to reshape the world of finance; he has also expressed criticism towards central bank digital currencies (CBDCs) and support for crypto privacy projects.
The price of Worldcoin has surged after the release of OpenAI's Sora AI tool, as the broader cryptocurrency market experiences bullish momentum and excitement around artificial intelligence grows.
Japan is embracing web3 and crypto startups through a legislative update and financial investments, positioning itself as a global powerhouse in innovation.
Ethereum co-founder Vitalik Buterin is excited about the potential of AI-assisted formal verification of code and bug finding, as it could significantly reduce the risk of bugs in Ethereum's code.
Ether has surged past bitcoin in the past week due to more favorable fundamentals, including a deflationary trend in its supply, which has led to a reduction in circulating ether and an increase in its value.
An unidentified institution has accumulated over $200 million worth of Chainlink (LINK) cryptocurrency, with dozens of wallets involved in the transaction, as the coin's value continues to rise.
XRP price has increased by nearly 6% in the past week, and the SEC v. Ripple lawsuit is set to enter a new phase on February 20, marking an important date in the legal battle. Additionally, XRP whales have been accumulating the cryptocurrency while retail investors have been reducing their holdings.
The price of Solana (SOL) has been steadily increasing and approaching its 2023 highs, although it still trades below a long-term resistance level, and there are mixed signals from technical indicators and analysts regarding its future movement.
Japan's government has approved a bill that allows venture capital firms and investment funds to acquire and hold crypto assets, potentially boosting investment in Web3 startups.
The AI sector is experiencing a resurgence in speculative investments, with AI-related crypto tokens reaching unprecedented highs, driven by the success of major AI stocks like Nvidia.
Ethereum has a 50% chance of obtaining spot ETF approval in the US by May, and its upcoming upgrade in March will significantly reduce transaction costs, according to a report by broker Bernstein.
Prominent analytics firm IntoTheBlock predicts that there is an 85% chance Bitcoin will reach a new all-time high in the next six months, citing factors such as the Bitcoin halving, inflows from Bitcoin ETFs, potential interest rate cuts, the upcoming US presidential election, and increased accumulation of BTC by companies globally.
Sui, a layer 1 blockchain, has seen a significant increase in capital locked, surpassing Aptos, Cardano, and Near, with its total value locked (TVL) reaching over $593 million, up from $211 million at the start of the year, and its native token, SUI, experiencing a 131% gain since January 1st.
ARK Invest, one of the largest institutional backers of Coinbase, sold nearly half a million shares of the cryptocurrency exchange after it beat fourth-quarter earnings expectations and received a series of analyst upgrades.
Bitcoin tends to rally over 30% in the eight weeks leading up to the reward halving, with BTC potentially reaching and surpassing its record high of $69,000 before the halving on April 19, according to 10X Research and analysis of the relative strength index (RSI).
Former Ripple managing director Navin Gupta has been appointed as the CEO of Crystal Blockchain, a blockchain intelligence firm, as the company seeks to expand its compliance efforts and global reach, while also maintaining competitiveness and regulatory compliance.
Bitcoin remained steady, while ether gained over 5% as investors bet on an upcoming ETH ETF, and AI-related tokens surged following the launch of OpenAI's Sora text-to-video generator.
Analyst Miles Deutscher predicts that AI crypto tokens, particularly those in the DePIN category (Decentralized Physical Infrastructure), are poised for significant gains in the upcoming bull market, with potential to add trillions of dollars to the world's GDP and significantly impact the global economy.
Bitcoin's price surge ahead of the halving event is attracting attention, but savvy investors are also looking at undervalued altcoins like SwissCheese, Alephium, and PAAL AI that offer significant upside potential in the cryptocurrency market.
Coinbase's Commerce platform is removing native Bitcoin and other UTXO support due to operational challenges faced by customers, but the company is exploring alternative payment solutions including the Lightning Network and Solana, while its stock price recently surged following an upgrade by JPMorgan.
Altcoin Sherpa, a popular crypto analyst, is bullish on Neutron (NTRN), predicting that it will soon experience a surge, while also keeping an eye on Heroes of Mavia (MAVIA) and Dymension (DYM) for potential price increases.
Livepeer (LPT) tokens have experienced significant whale trading activities, resulting in a 140% rally in its price, attracting market attention, with analysts maintaining a positive outlook and setting a long-term target of $64.70 for the digital asset.
Cryptocurrency technical analyst Miles Deutscher has outlined 16 trading tips to help investors navigate the volatile crypto bull market, emphasizing the importance of simplicity, favoring new coins over older ones, and taking advantage of temporary price dips.
Chinese communities will create new degen narratives, everything is moving on-chain in China, and crypto people are fleeing the country, leading to the growth of dispersed and influential nomadic communities in 2024.
The narrative surrounding Ethereum has struggled, according to CoinShares CSO Meltem Demirors, who believes that Bitcoin's strong and unique narrative gives it an advantage over Ethereum in terms of attracting newcomers to the crypto market. Demirors also questions whether Ethereum can maintain its market share as alternative layer-1 blockchains gain prominence.
The National Banking and Securities Commission (CNBS) in Honduras has banned financial institutions in the country from engaging in crypto trading due to the lack of specific regulations addressing crypto assets and concerns over fraud, operational risks, legal uncertainties, and potential illicit activities. This comes at a time when institutional interest in the crypto industry is growing, particularly with the launch of Bitcoin exchange-traded funds (ETFs) in the US.
A cluster of companies, including BlackRock and Fidelity, has accumulated $13.70 billion in Bitcoin, indicating growing confidence in the cryptocurrency and its attraction to institutional investors.
The bitcoin price has surged over $50,000 and its market capitalization has surpassed $1 trillion, with experts predicting further growth due to factors such as the upcoming halving and inflows into bitcoin ETFs.
Bitcoin is at a critical juncture, with the potential for a parabolic rally to $65,000 or a significant correction to $41,000, according to veteran trader Dave the Wave, who is closely watching the cryptocurrency's moving average convergence divergence (MACD) indicator for signs of impending price movements.
Coinbase, the crypto exchange, reported a profitable fourth quarter with a net income of $273 million, potentially changing the perception of the company as unprofitable.
Bitcoin is predicted to experience a corrective move if it reaches the resistance level of $58,000, leading to a potential pullback towards $46,000, according to a top trader. However, the trader is also looking to accumulate BTC if it drops to the key support level in the low to mid $30,000s.
A crypto whale has made multiple purchases totaling $13,010 worth of the Mollars token, signaling growing interest from larger investors in the store-of-value cryptocurrency currently in ICO stage.
Dennis Liu, also known as Virtual Bacon, has proposed a three-pronged exit plan for navigating the cryptocurrency market, which includes specific price targets, time constraints, and monitoring price patterns. Following this strategy can help investors maximize returns and mitigate risks.
Investors of FTX crypto exchange have filed a lawsuit against law firm Sullivan & Cromwell, alleging that the firm helped advance fraudulent activities that led to the collapse of FTX.
A significant amount of Polygon's MATIC tokens was transferred from a Hermez Network wallet to the Kraken exchange, sparking concerns of a potential sell-off, despite the cryptocurrency's recent price gains. However, the proof-of-stake chain has reached a new all-time high in daily active addresses, indicating continued growth in the network.
Bitcoin surpassed $50,000 for the first time since December 2021 and has gained 120% over the past year, with Ark Invest proposing a bull-case price target of $1.48 million by 2030, indicating a potential 2,860% upside.
Bitcoin has been a superior investment compared to other asset classes, with a 1,140% return between January 2019 and January 2024, and Ark Invest believes it could reach a price of $1.48 million by 2030, presenting a potential 2,860% upside.
Bitcoin's price could exceed $80,000 this year, driven by the success of recently approved ETFs and an increased demand from institutional investors, according to Bitwise Chief Investment Officer Matt Hougan. The ETF launch has sparked a wave of interest from traditional finance, resulting in significant inflows of funds into Bitcoin.