XRP, the cryptocurrency developed by Ripple, recently experienced a significant drop in value during the latest market correction. Currently priced at around $0.63 according to CoinGecko, the asset has seen a 5.5% decrease within a 24-hour period. Despite this downturn, there is optimism about XRP’s recovery and future price potential. Analysts, such as EGRAG CRYPTO,
Bitcoin
The chances of approval for pending spot Ethereum exchange-traded fund (ETF) applications in May seem to be dwindling due to the recent urging from two US Senators for the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. Senators Jack Reed and Laphonza Butler advised the SEC to tighten its scrutiny of Bitcoin
As of the latest updates, the crypto market is experiencing a mixed bag of trends. While Bitcoin (BTC) and Ether (ETH) are facing profit-taking due to hot US PPI inflation figures, other major altcoins like Solana (SOL) and Dogecoin (DOGE) are on an upward trajectory. Investors are now evaluating their options to determine the best
As the crypto market continues to witness the surge in meme coins, Satooshi Nakahobo has emerged as the latest sensation with a staggering 600x surge. Launching at 9PM (UTC) on March 12, the token quickly gained traction and skyrocketed by +716,750% in less than 6 hours. Despite a subsequent -73% retracement, Satooshi Nakahobo managed to
MicroStrategy has recently announced plans to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes on the heels of the company’s sale of $800 million in convertible debt offerings, which was used to purchase approximately 12,000 BTC. The total Bitcoin holdings of MicroStrategy now stand at 205,000 BTC, valued
Bitcoin’s price has once again broken records, with a recent surge pushing it to just below $74,000. This comes after a brief dip below $72,000, showcasing the volatile nature of the cryptocurrency market. Despite a slight retracement following the initial high, Bitcoin has managed to hold steady around $73,000, with a market capitalization close to
Ethereum (ETH) is on the brink of a significant upgrade with the impending Dencun update aimed at improving the network’s scalability. However, amidst this positive development, QCP Capital, a reputable crypto asset trading firm, has uncovered a concerning trend that could potentially impact Ethereum’s price trajectory. Negative Risk Reversals and Investor Sentiment QCP Capital’s analysis
The current sentiment surrounding NEAR Protocol remains bullish within the crypto community, with traders’ predictions of a potential $8 target coming to fruition. After a minor retracement, NEAR Protocol is currently trading at $7.85, marking a 24-hour change of -2.8%. The price surged by 70% out of consolidation at lower support above $5.15 on March
The CEO of Jan3 and Bitcoiner, Samson Mow, is maintaining his bold prediction that Bitcoin could reach $1 million in the near future. In a recent interview with ‘What Bitcoin Did’ host Peter McCormack, Mow elaborated on why he believes in this ambitious price target. He asserted that BTC’s current setup is conducive to a
Ethereum has been on a bullish run, with expectations of reaching $5,000 in the near future. The cryptocurrency market analyst, Ali Martinez, has studied data from IntoTheBlock and suggested that Ethereum still has room to grow to hit the $5,000 mark. The current price of Ethereum is hovering above $4,000, showing strong bullish momentum. However,