The recent influx of 14,924 Bitcoins into Kraken, one of the leading cryptocurrency exchanges globally, has raised questions and sparked interest among investors, analysts, and enthusiasts. This marks a pivotal moment in the market since the influx is the largest recorded on Kraken since 2018. CryptoQuant’s data suggests that the influx could be due to […]
El Salvador has officially launched its first local Bitcoin mining pool, the Volcano Energy project, in partnership with Luxor Technology. The $1 billion renewable energy project, which has attracted investments from Tether, will generate electricity from renewable sources in El Salvador to power Bitcoin mining operations. Volcano Energy is tapping into Luxor’s experience in providing […]
The SEC’s appeal to extend the ongoing court battle with Ripple Labs was rejected, causing the price of XRP (XRP) to surge over 7%. This legal win builds new momentum for XRP, which has been beaten down since mid-July’s huge jump. Given the positivity surrounding XRP’s latest legal win, Bitcoin Minetrix (BTCMTX) is gaining buzz […]
Binance Futures has unveiled its upcoming offerings, which include two main types of futures: COIN-Margined (COIN-M) and USDS-Margined. The COIN-M variant allows traders to possess the underlying digital asset, settling and collateralizing in the primary cryptocurrency. The platform will introduce the new Quarterly 0329 Futures Delivery Contracts, which will include COIN-M BTC, ETH, BNB, ADA, […]
Economist Henrik Zeberg has predicted a big Bitcoin rally, based on the BTC/SPX Ratio, which shows Bitcoin outperforming stocks. Bitcoin’s current price hovers near $27,500, potentially rising if it surpasses $27,700 resistance.Zeberg’s analysis centers on the BTC/SPX Ratio, an indicator juxtaposing Bitcoin’s performance against the S&P 500 index (SPX). He hints at a substantial Bitcoin […]
Crypto analyst Egrag Crypto has been one of the most vocal about their bullish stance on the XRP price, even with the market fluctuations. He recently shared his $27 XRP price prediction in a post on X, following Judge Analisa Torres rejecting the United States Securities and Exchange Commission (SEC) motion for an interlocutory appeal. […]
A U.S. federal judge has rejected the U.S. Securities and Exchange Commission’s (SEC) bid to appeal its loss against Ripple, the crypto company associated with the XRP token. The news caused XRP’s price to rally about 5%. District Judge Analisa Torres said in a brief ruling that the SEC had failed to meet its burden […]
Polygon’s MATIC is showing bullish signs above $0.550, with high chances of more gains toward $0.70. The price recently broke a crucial bearish trend line with resistance near $0.550 on the daily chart.MATIC’s price had steadily declined from the $0.90 resistance in the past few weeks, trading below the $0.72 and $0.65 support levels. The […]
Kraken, a US-based cryptocurrency exchange, has recently seen its most substantial Bitcoin deposit since 2018. This deposit of 14,924 Bitcoin has sparked speculation that the cryptocurrency could break beyond the $30,000 mark, as it has experienced a 5% price increase in the past week.On-chain data reveals that large-volume inflows on renowned exchanges like Kraken have […]
The U.S. market welcomed nine highly anticipated Ethereum-based Exchange Traded Funds (ETFs) on Monday. Despite the excitement, a prominent market analyst has noted that the ETFs have underperformed in trading volume since their launch.Eric Balchunas, a Senior ETF Analyst at Bloomberg, commented on the ETF rollout. He noted that none of the ETFs have outperformed […]
