Cryptocurrency - news

In mid-November, we reached out to several artificial intelligence (AI) chatbots to forecast bitcoin’s value at the close of 2024. Fast forward to today, with bitcoin recently touching $103,647 per coin, we decided it was time for another round of predictions. This time, we posed a slightly altered question to a group of generative AI […]

After hitting the $100,000 milestone, Bitcoin suffered a sudden price crash on Friday resulting in an estimated price loss of 7%. During this decline, the asset’s perpetual funding rates in the derivative markets took a hit. However, traders may yet retain enough leverage to strongly influence price volatility. Related Reading: Bitcoin On Track To Replace Gold In 10 Years, Trading Firm Predicts Bitcoin Short-Term Outlook Uncertain Due To Heightened Leverage In an X post on December 6, blockchain analytics firm Glassnode expressed that Bitcoin’s perpetual funding rate may hold significant implications for the asset’s short-term price.  For context, perpetual funding rates are periodic payments made between traders in the perpetual futures market to ensure the contract price aligns with the spot price of Bitcoin. Positive funding rates indicate that long positions are paying shorts, which is bullish while negative funding rates represent the vice versa. According to Glassnode, BTC’s [...]

TradingView, the financial platform and social network for traders and investors, announced the integration of Coinbase's perpetual cryptocurrency swaps into its charting and analysis tools. The expansion marks another development in the platform's cryptocurrency offerings this month, enabling traders to analyze contracts on major digital assets including Bitcoin and Litecoin.Coinbase Expands Partnership with TradingViewThe integration introduces perpetual futures data from Coinbase, which ranks as one of the largest cryptocurrency exchanges by trading volume. Users can now access and analyze perpetual swaps on both major cryptocurrencies and emerging altcoins through TradingView's interface.“TradingView users have long benefited from Coinbase’s spot data available on our platform,” TradingView commented in the official statement. “Today, we’re expanding our partnership with the exchange by integrating perpetual futures data. This step further allows traders to explore perpetual swaps [...]

On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) amassed inflows of $376.59 million, while spot ether funds raked in $83.76 million. Crypto ETFs Continue to Shine Throughout the week, the 12 spot bitcoin ETFs saw steady inflows daily, culminating in Friday’s impressive $376.59 million haul. Leading the charge was Blackrock’s IBIT, bringing in $257.03 million, […]

Over the past week, the cryptocurrency market was not particularly on that impressive streak many investors may have now become accustomed to. However, the large-cap altcoins seem to have woken from their slumber to close the week, with the Chainlink price showing good signs of recovery after falling into a consolidation range. The price of LINK came flying out the gates to start the week, surpassing the $20 mark again for the first time since March. With the altcoin seemingly back on track, the question on the minds of investors would be — what next for the Chainlink price? Can LINK Price Return To Its 3-Year High Of $28.5? In a new post on the X platform, crypto intelligence firm Santiment discussed the promise of the Chainlink price and its newly-found momentum. The prominent on-chain platform highlighted that the altcoin is just a few good performances from recovering a significant price level. Related Reading: XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What [...]

Ether is breaking out of a similar symmetrical triangle pattern that propelled XRP's prices from around $0.50 to around $2.90 within a month.

After surpassing its $100,000 milestone, Bitcoin (BTC) recorded its largest retrace in the past month before recovering. Amid the flagship crypto’s performance, some analysts have suggested the levels to watch and the next stops for BTC’s rally. Related Reading: Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction Bitcoin Rally To Continue Above $100,000 On Thursday, Bitcoin hit its latest all-time high (ATH) of $103,600 in an 8% daily jump. The largest cryptocurrency by market capitalization broke out of a one-month bullish pennant and smashed past the $100,000 barrier for the first time in history. After the impressive surge, BTC retraced to the $98,000 mark before briefly plummeting to the $90,000 support zone. This 13% correction marks the largest drip for the flagship cryptocurrency since the post-election rally started a month ago and triggered around $1 billion in liquidations, its largest since August. Nonetheless, Bitcoin quickly recovered the [...]

Ether price’s rally to the $5,000 psychological mark may be a “minimum target” based on emerging ETH fractal patterns and Bitcoin’s surge above $100,000.

The idea to blacklist former SEC regulators who have been openly hostile to the crypto industry was recently brought up by Coinbase CEO Brian Armstrong. Coinbase’s Call to Arms To Blacklist SEC ‘Bad Actors’ Heeded by Winklevoss and Selkis Cryptocurrency exchanges Coinbase and Gemini said they will no longer work with any law firms that […]

Durov said that he “trusts the French justice” system but refused to elaborate on the legal proceedings.

The Cardano native token is one of the top-performing digital assets this week and currently trades at $1.13 and $1.23. While its price action pales in comparison to the industry leaders this week, led by Bitcoin and XRP, ADA’s performance relative to other altcoins has still become a source of optimism for many. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst One market analyst even sees Cardano’s ADA eventually overtaking Dogecoin in the list of top cryptos by market cap. A recent comparative analysis of Cardano and Dogecoin reflects the former’s dominance over the top meme coin. ADA has surged 14% in the last week, while Dogecoin increased by just 7%. And if we’re looking at a higher timeframe, ADA also shows strength and dominance over Dogecoin. Over the last month, ADA is up by 230%, while Dogecoin registered a 116% increase. Can We Expect A Flip? Both Cardano and Dogecoin are in the Top 10 cryptos by market cap, with Dogecoin ranked 7th and Cardano [...]

A former New York Federal Reserve governor said there are no advantages to making bitcoin (BTC) a government reserve currency. No Exit Strategy Bill Dudley, the former president of the Federal Reserve Bank of New York, argues that there are no advantages to making bitcoin (BTC) a government reserve currency. Dudley, who currently chairs the […]