News

Whale Alert, a leading crypto-tracking platform, has recently revealed data on significant whale transfers involving Shiba Inu tokens. These transfers have sparked speculation within the crypto community.

The exceptional growth of cryptocurrencies can be attributed to various factors, one of which is the rise in U.S. treasury yields. This surge in yields has been driven by macro-economic forces and the actions of the Federal Reserve.

The ongoing correction in MEME price may replenish bullish momentum for a high bullish rally.

In the ever-evolving world of cryptocurrencies, a stark difference of opinion looms over their intrinsic value. As financial giants, including DWS Group, gear up to launch cryptocurrency exchange-traded funds (ETFs), this debate becomes more significant than ever.

The crypto market experienced a significant increase in prices after the United States Federal Reserve Open Market Committee (FOMC) decided to keep interest rates steady in the range of 5.25% to 5.50%. This decision added to the positive momentum that had been building since the last week of October 2023.

A Bloomberg crypto analyst, Jamie Coutts, believes that Ethereum (ETH) and two other altcoins, Polygon (MATIC) and Solana (SOL), are revolutionizing the financial landscape in emerging markets. These public blockchains are unlocking greater access to the private credit market, providing unprecedented opportunities for global citizens.

Celestia is a modular blockchain network that allows developers to build and maintain blockchain infrastructure. With a market capitalization of $390,094,289, Celestia currently ranks 107 on Coingecko. Since its mainnet launch, Celestia has been making waves in the cryptocurrency world.

A well-known crypto strategist, Pentoshi, has provided an update on the outlook for Fetch.AI (FET), an artificial intelligence (AI) altcoin. Pentoshi notes that FET has experienced a significant surge of 307% year-to-date but is now likely entering a consolidation phase.

A widely followed crypto trader is warning that altcoins face a bearish outlook in the event that Bitcoin (BTC) reaches new local highs.

A recent report has confirmed that the U.S.-based virtual asset exchange, EDXM or EDX Market, will be delisting Bitcoin Cash (BCH) from its trading offerings. This news has attracted the attention of investors and sparked curiosity within the cryptocurrency community.

BitMEX co-founder Arthur Hayes believes that Bitcoin (BTC) could see positive effects from a potential crisis in the US banking system. Hayes points out that the US banking crisis is resurfacing, with banks like Manufacturers and Traders (M&T) Bank facing insolvency issues due to their high exposure to commercial real estate (CRE) in their loan portfolios.

A crypto strategist who accurately called the top of Bitcoin’s 2021 bull market is expecting another leg up for XRP. Pseudonymous analyst Pentoshi believes that XRP looks bullish after breaking through a key resistance level at $0.548. He suggests that a breakout above $0.548 could lead to a price range of $0.62-$0.63.

Solana continues its unstoppable rally, gaining another 12% in the last 24 hours and reaching its 14-month highs of $46. This impressive surge has allowed Solana to recover all the losses it experienced after the collapse of the crypto exchange FTX.

ProShares, a leading provider of exchange-traded funds (ETFs), has recently launched a new ETF called the ProShares Short Ether Strategy. This ETF allows investors to take a bearish stance on ether, the second-largest cryptocurrency in the world.

According to market data revealed by Whale Alert, significant whale movements have been observed in the cryptocurrency market.

Ripple's Chief Legal Officer (CLO), Stuart Alderoty, and members of the XRP community are openly criticizing the Securities and Exchange Commission (SEC) and its Chair, Gary Gensler. This comes in response to recent actions and decisions by the SEC that have negatively impacted the cryptocurrency industry.