Inauguration Effect? Bitcoin Whales Start Accumulating As Trump Era Begins
Following Donald Trump’s inauguration on January 20th, Bitcoin (BTC) has remained range-bound, trading between $101,000 to $110,000. However, a new report by CryptoQuant states that behind this routine price action, Bitcoin ‘whales’ are quietly back to accumulating the premier cryptocurrency. Bitcoin Whales Back In Accumulation Mode According to the report, large BTC holders – commonly…
Bitcoin Price To $122K Next Month? Research Predicts Big Move
Many analysts are ruminating on the next significant milestone, as the remarkable price increase of Bitcoin has captivated the market’s attention. A research company, 10x Research, predicts thatthe alpha coin could reach $122,000 by February. Although this may appear to be an ambitious goal, it is consistent with the optimistic perspective of numerous experts who…
Bitcoin Profit-Taking Drops 93% From December Peak – What’s Next For BTC?
After testing the low $90,000 price level multiple times over the past two months, Bitcoin (BTC) briefly broke out of its tight trading range earlier this week, reaching a new all-time high (ATH) of $108,786. However, a recent report by Glassnode suggests that the sustained consolidation observed in recent months may be nearing its end,…
World Liberty Financial Raises $1B: Trump-Backed Crypto Venture To Extend Token Sales
The Financial Times reported on Monday that World Liberty Financial (WLF), the digital asset venture associated with President Donald Trump, has successfully raised $1 billion through its token sales. Initially launched in October with a goal of selling only 20 billion WLF tokens, the decentralized finance’s (DeFi) venture token surpassed this target by selling 21…
Ethereum Appears ‘Bottomed Out,’ Analyst Predicts A Rally Is Near
Ethereum (ETH) appears to have ‘bottomed out,’ according to crypto analyst Mister Crypto. The analyst shared this observation as investor confidence in ETH continues to wane due to the digital asset’s relatively lackluster price performance in 2024. Is Ethereum Due For A Rally? Unlike Bitcoin (BTC) and Solana (SOL), which have surged in the past…
Mark Cuban’s Memecoin Idea: 20% Float With All Proceeds Going To The US Treasury
The recent launch of the TRUMP and MELANIA tokens, catalyzed by President Donald Trump and First Lady Melania Trump, has ignited a mix of excitement and caution within the memecoin and broader cryptocurrency community. This frenzy has caught the attention of billionaire investor Mark Cuban, who is now contemplating the creation of his own memecoin,…
Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low
Ethereum (ETH) continues to lose ground to Bitcoin (BTC) as the latter’s dominance rises, with US President-elect Donald Trump set to take office later today. At the time of writing, the ETH/BTC trading pair stands at 0.031, marking a four-year low for the ratio. ETH/BTC Continues To Decline As Trump Focuses On Bitcoin Over the…
Coinbase Joins Push For US Bitcoin Reserve To Strengthen Economy
Coinbase, one of the leading cryptocurrency exchanges, has publicly endorsed the concept of a US Bitcoin reserve. This is considered a step toward making Bitcoin an essential strategic asset in the country’s financial future. Brian Armstrong, the CEO of Coinbase, has been very open about the need for stricter rules on cryptocurrencies. He has stressed…
Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming?
Dogecoin seems to have finally return of greed sentiment into the crypto market. Intrestingly, technical analysis of the Dogecoin price chart shows that this greed sentiment is about to push the meme coin into a parabolic rally that would send it to new all-time highs. This rally is from a projection of the “Power of…
Ethereum Whales Control 43% Of Supply – What This Means For Retail Traders
Large holders of Ethereum, also called Ethereum whales, have been on an accumulation trend for a while now, with on-chain data revealing a fascinating increase in their collective holdings. Particularly, data from blockchain analytics firm IntoTheBlock shows that Ethereum whales now hold about 43% of the total circulating supply of ETH. The imbalance in ETH…