The price of XRP faces uncertainty about its future. This is because when looking at the price charts and on-chain performance, two distinct signals can be observed. Will XRP succumb to the downtrend or move in favor of the uptrend? Ripple price rise proves top market conditions Despite not causing any ripples on the daily charts, the price of XRP rose by more than 30% throughout February. At the time of writing, the altcoin is trading at $0.651, just below the resistance level of $0.652. Altcoins face two natural outcomes: break a resistance level or test it as support. Or,…
Author: Crypto Flexs
Read More
A trader’s $310 investment in Solana (SOL)-based memecoin dogwifhat (WIF) is now worth more than $4.1 million, according to cryptocurrency tracker Lookonchain. Look on chain note A trader bought 2.58 million WIF using 5.288 SOL worth $310 in late November. Since then, the value of the WIF has soared 13,307 times. Over the weekend, traders sold 750,000 WIF for 9,363 SOL worth $1.21 million and still own 1.83 million WIF worth $2.91 million. Source: Lookonchain/X WIF is trading at $1.71 at the time of this writing. The 68th-largest cryptocurrency asset by market capitalization is up more than 5% in the…
The massive surge took Bitcoin officially above $69,000, breaking its previous all-time high. This milestone comes as Bitcoin continues its notable rally after a spot Bitcoin exchange-traded fund (ETF) received approval from the U.S. Securities and Exchange Commission, resulting in continued large-scale capital inflows into BTC.official: #bitcoin It broke an all-time high above $69,000. pic.twitter.com/DccMr0Gnc5— Bitcoin Magazine (@BitcoinMagazine) March 5, 2024 The Bitcoin market witnessed a flurry of activity yesterday as BTC surged to new highs as BlackRock’s spot Bitcoin ETF recorded trading volume of over $1 billion for the sixth day in a row. Bitcoin’s previous all-time high of…
Cardano’s price hit a two-year high of $0.78 on March 5, which caused ADA’s weekly gains to exceed Solana’s performance. Cardano and other altcoins have seen declines over the past week, while Bitcoin’s dominance (BTC.D) has fallen. On-chain analysis examines how the rapid growth of Cardano’s DeFi ecosystem could help the ADA price capture more value in the future. ADA price surpassed SOL last week. Bitcoin has dominated most media headlines so far in March 2024. But Bitcoin’s dominance over the past week highlights how investors are starting to diversify their portfolios as BTC prices reach record highs. According to…
Posted 1 minute ago In ~ After a long period of 28 months and a downward decline of 77%, the price Bitcoin BTC -4.08% Today it surpassed the previous high of $69,000. It took a total of 846 days for the market-leading cryptocurrency to retrace its steps.Bitcoin is up about 346% since bottoming above $15,000 in late 2022. This year alone, it has increased by about 70%.Events that impacted the broader cryptocurrency bear market included the collapse of the Terra Luna ecosystem and the subsequent bankruptcy of cryptocurrency exchange FTX. Both have disrupted larger industries as they investigate related infections.…
Greetings from the Ethereum Foundation Grants Team! With Devcon 4 in full swing, we’re back to announce Wave 4 of our grant program! Thank you to all our fantastic community members who submitted creative ideas on how to strengthen our ecosystem. Without the time and energy you invest in Ethereum, we wouldn’t exist. As the program continues to grow, we will continue to involve more community members in the decision-making process. Today’s grants program has improved significantly compared to earlier this year thanks to helpful feedback from the community, allowing us to provide better public tools and infrastructure. If you…
Bitcoin once again surpassed its all-time high of over 69,000 in the last hour. https://youtube.com/clip/Ugkx5Cf5zCQhIc7M7HhxYtlk0qoo-vrJ4mRC?si=E4709nlyzucdg_0v This comes just days ahead of the highly anticipated Bitcoin halving event. When the halving occurs in April, I think we will likely witness a parabolic moonlighting of Bitcoin into unknown territory. WARNING: A major drawdown is certain to occur right after or just before the halving, wiping out a significant amount of leveraged positions. So avoid margin trading until the halving fever dies down. Despite recent price spikes, dollar cost averaging should continue and remember to make some profits in the process 😀. Happy…
Bitcoin is close to its all-time high of $69,000 in November 2021. Several traders had predicted a new high later this year, but it came earlier than expected. Traders are excited about the launch and robust demand for spot exchange-traded funds. According to post From the Zero Hedge financial blog. By comparison, SPDR Gold Shares (GLD), the first US gold ETF, took more than two years to reach $10 billion in AUM. Institutional investors continued to pour money into digital asset investment products, hitting $1.84 billion last week, the second-largest weekly inflow, according to CoinShares’ Digital Asset Fund Flows Weekly…
The SEC has delayed ruling on BlackRock and Fidelity’s application for a spot Ethereum ETF. The price of ETH was unaffected and continued to grow. According to documents submitted on March 4, the U.S. Securities and Exchange Commission (SEC) decided to postpone its decision on whether to approve the Ethereum (ETH) exchange-traded fund (ETF) submitted by BlackRock and Fidelity. slight delay Last January, the SEC postponed a decision on the Ethereum ETF applications of BlackRock’s iShares Ethereum Trust and Fidelity’s Ethereum Fund, shortly after granting approval to several spot Bitcoin (BTC) ETFs. Regulators have the option to delay a decision…
At 10:03 a.m. ET on March 5, 2024, Bitcoin’s value rose above its previous lifetime high against the U.S. dollar, rising past Tuesday’s $69,000 threshold. This valuation breakthrough marks a new all-time high (ATH) for Bitcoin, 846 days since it last reached $69,000 on November 10, 2021. From uncertainty to unknown heights: (…)