Crypto Price Prediction: The cryptocurrency market deepens its correction phase as Bitcoin price dips below the $42000 mark on Thursday. With the sell-the-news theory for Bitcoin ETF, the altcoins witnessed highlighted supply pressure. As per the data analytics platform Coinglass, the market witnessed $247.52 million Liquidation of highly leveraged futures contracts betting on higher prices […]
Injective Price Prediction As Stability Above $31 Signals Bullish Trend, What’s Next for INJ?
Injective price prediction: The blockchain platform designed for financial applications, has recently experienced a downward trend. Over the past week, this dip followed a broader pullback across the cryptocurrency market. However, recent developments hint at a potential shift towards a bullish trend. The platform’s token has seen considerable volatility, alternating between buyer and seller dominance. […]
Grayscale CEO Challenges Bitcoin ETF Rivals, Lauds 1.5% Fee Amid SEC Approvals
Grayscale Investments CEO Michael Sonnenshein stands firm in the face of skepticism, defending the Grayscale Bitcoin Trust ETF, GBTC’s 1.5% fee, the highest in the market. Notably, as the U.S. Securities and Exchange Commission (SEC) recently greenlit several Spot Bitcoin ETFs, Sonnenshein boldly predicts that most won’t survive, questioning their long-term commitment to the asset […]
Samson Mow Sees Ethereum As ‘Stupid Man’s’ Bitcoin & XRP A ‘Tricky One’
Samson Mow, known for his candid views on the crypto space, has ignited controversy by dubbing Ethereum as the “stupid man’s Bitcoin.” However, Mow, who shared his unfiltered thoughts on the X platform, didn’t stop there. When a user questioned the title for XRP holders, Mow intriguingly labeled it a “tricky one.” The cryptocurrency maverick […]
BlackRock Expects No Rate Cuts Until June, Bitcoin Post-Halving Rally Could Delay
BlackRock, Bank of America, and others do not expect rate cuts coming in the next few months this year, postponing the earlier plans of starting rate cuts in March. The U.S. Federal Reserve kept the fed funds rate steady at 5.25%-5.5% for a third consecutive meeting in December as inflation continues to cool and Fed […]
Oaktree Co-Founder Deems Bitcoin And Gold Equals In Intrinsic Value Debate
In a recent revelation, Howard Marks, Co-founder of Oaktree Capital Management, has ignited a fresh perspective in the ongoing debate between Bitcoin and Gold. Notably, Marks contends that when it comes to intrinsic value, both assets stand on equal footing. Meanwhile, this departure from the traditional narrative comes as Oaktree, an asset-management firm founded in […]
Spot Bitcoin ETFs Excluding GBTC Have Bought BTC Worth $2.8 Billion Since Launch
The US-listed spot Bitcoin exchange-traded funds (ETFs) have cumulatively bought about 68,500 Bitcoin (BTC) since their launch, valued at $2.8 billion, according to data provided by X account CC15Capital. Notably, the data doesn’t include numbers for the Grayscale Bitcoin Trust (GBTC), which continued to see outflows on the fifth trading day. The data also showed […]
Top Analyst Predicts Cardano Price To Climb $7 In Next Bull Run
Cardano (ADA), the eighth largest crypto by market cap, has been suffering due to the recent bearish trend. However, ADA supporters can be relieved since an analyst has made a bold prediction for the Cardano price. The crypto analyst expects ADA to surge past $7 in the next bull run. When Will Cardano Hit $7? […]
Ethereum Accumulations Soar As ETH Price Slips Below $2,500
In an exciting turn of events witnessed within the cryptocurrency landscape, Ethereum whale accumulations appear to be on the rise as the token’s price has recently noted a significant downturn. As per on-chain data surfacing over the crypto horizon, two prominent whales appear to be on a buying spree, accumulating Ethereum at price dips. These […]
UMA Price Jumps 80% In A Day With $3 Million Shorts Liquidated, Here’s Why
UMA, the native cryptocurrency of the Universal Market Access protocol has witnessed a strong rally gaining over 80% in the last 12 hours. At press time, UMA is trading at $3.79 with a market cap of $283.5 million. UMA Price Leads to $3 Million Short Liquidations As per data from Coinglass, the sudden UMA price […]