Cryptocurrency - news

Recent price action has seen the Ethereum price breaking above the $4,000 price level again to drive euphoria among crypto investors, especially those awaiting the onset of an altcoin season. This price rally follows an unprecedented surge in Ethereum Spot ETF inflows, which hit a record $428 million on December 5 as investors continue to anticipate crypto-positive regulatory changes under the incoming Trump administration. Related Reading: Dogecoin Days At The Top Numbered? Cardano Set To Take Over — Analyst Interestingly, this bullish momentum has seen the Ethereum price play out an interesting motion on its price chart. Particularly, Ethereum has broken above a massive triangle on the weekly timeframe chart, which points to an incoming price rally. $10,000 Target In Sight As Bull Run Builds Up Steam According to technical analysis posted on social media platform X by crypto analyst Captain Faibik, the recent Ethereum price rally has seen the cryptocurrency breaking out of the upper [...]

Pudgy Penguins recorded $25 million in sales, while CryptoPunks had a weekly volume of $16.5 million.

The Bitcoin (BTC) price held just below $100,000 at the week’s end, falling 7% to roughly $91,000 on Thursday. This milestone has inspired speculation about Bitcoin’s short, medium, and long-term behavior in the face of increased market volatility.  Expert Predicts Bitcoin Could Reach $200,000 According to market expert VirtualBacon, while the $100,000 level is noteworthy, it does not represent the pinnacle of Bitcoin’s potential. He refers to the current phase as the “thrill stage,” in which retail investors are motivated by fear of missing out (FOMO) and media hype. Although Bitcoin’s march to $100,000 may not indicate an early entry point, VirtualBacon predicts it will eventually hit $200,000, citing past price cycles. However, the expert cautions that investors should be prepared for 20% to 30% corrections, but he remains confident about Bitcoin’s long-term potential.  Related Reading: XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins? [...]

In a significant market development, Ethereum (ETH) has surpassed the $4,000 mark for the first time in over ten months, closing the first week of December with a remarkable 40% surge in the weekly time frame. This upswing has been closely tied to a broader rally in the crypto market, particularly with Bitcoin (BTC), which recently reached new all-time highs. Ethereum Surges 61% As ETF Demand Grows According to Bloomberg, Ethereum exchange-traded funds (ETFs) in the United States experienced unprecedented demand, recording a daily inflow of $428 million on Thursday alone.  This surge in investment interest reflects a growing confidence in Ethereum, particularly following Donald Trump’s election victory on November 5, which ignited a bullish sentiment across the crypto landscape. Since then, Ethereum has outperformed Bitcoin, boasting a staggering 61% increase in value. Related Reading: Trump’s Crypto Czar David Sacks Is Super Bullish For Solana: Here’s Why The appointment of Paul [...]

SEC commissioner Caroline Crenshaw, widely known for opposing the spot Bitcoin ETFs, is up for renomination, and the crypto industry fears her reelection.

ndia rejects de-dollarization narratives, with the Reserve Bank of India (RBI) prioritizing local currency trade agreements to shield its economy from dollar volatility and global uncertainties. RBI Denies Dedollarization Goals, Focuses on Securing Indian Trade Reserve Bank of India (RBI) Governor Shaktikanta Das clarified India’s stance on global currency discussions during a post-monetary policy press […]

A crypto venture capitalist warns that “once momentum tips,” market participants might be caught off guard by "some murder wicks" on the charts.

From attaining a six-figure market price to a sudden market crash, Bitcoin has remained the major headliner in the crypto market over the past week. Among these rapid developments on the largest digital asset, blockchain analytics company Santiment has observed a massive decline in mining balance. Related Reading: Bitcoin Sets New ATH Above $104,000, Yet Investors Don’t Want To Sell Bitcoin Miners Offload 85,503 BTC In 48 Hours On Friday, Santiment shared a report on Bitcoin mining wallets activity in correlation to the asset’s price. According to the analytics firm, there has been a consistent decrease in the Bitcoin collective mining balances since April 2024 indicating that miners have been gradually selling their BTC or moving funds to another wallet. However, Santiment states these mining wallets have now transferred out 85,503 BTC, valued at $8.56 billion, over the last 48 hours, which represents the largest drop in miner balances since late February prior to Bitcoin’s surge to [...]

Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen and even raised the possibility of ETH reaching $18,000. Ethereum currently boasts a bullish outlook, having recently broken above $4,000 for the first time since March of this year.  How The Ethereum Price Could Reach $18,000 In a TradingView post, BallaJi predicted that the Ethereum price could reach $18,000. The crypto analyst explained that based on logarithmic projections, the measured move of this HVF could send Ethereum to the target. He provided a caveat, stating that the price rally to the target might not happen in 2025.  Related Reading: Analyst Says Bitcoin Price At $100,000 Is A ‘Dangerous Zone’, Predicts Massive Crash However, he is confident that if this bullish pattern is completed, then the Ethereum price could reach this $18,000 price target later on this decade. A rally to this price target would give Ethereum a market cap of around $2 trillion based on its circulating [...]

This week, the American economist and Nobel laureate Paul Krugman officially stepped away from his role as an opinion columnist for the New York Times. Social media buzzed with criticism, as many voiced sharp opinions about his track record, accusing him of repeatedly missing the mark on economic predictions. From Fax Machine to Bitcoin ‘Bubble’: […]

This week Bitcoin reached $100,000 for the first time ever, Trump nominates pro-crypto Paul Atkins to replace Gary Gensler: Hodler’s Digest

According to data from CoinMarketCap, Pepe has a maximum supply of roughly 420 trillion tokens, with all tokens already in circulation.

Operation Choke Point 2.0, a campaign of regulatory pressure against cryptocurrency firms, has sparked a fresh wave of criticism from notable industry figures, including former Silvergate Bank Chief Technology Officer Chris Lane and entrepreneur David Sacks, recently appointed “Crypto Czar” by President-elect Donald Trump. Operation Choke Point 2.0 Under Fire from Industry Voices and Trump’s […]