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On Monday, Bitcoin treasury company MicroStrategy announced that it had spent roughly $561 million to acquire additional Bitcoin as it remains uber-bullish on the worldās largest and oldest cryptocurrency. This marks its seventh consecutive week of Bitcoin purchases. The purchase comes as MicroStrategy officially begins trading as a member of the Nasdaq-100 equity index.
MicroStrategy Buys More Bitcoin At An Average Price Of $106K
According to a Monday announcement, MicroStrategy purchased 5,2
XRP Leads Altcoin Trading Volume in December, Will XRP Price Explode?
XRP ranked top among the most traded altcoins in December after a period marked with mixed movements. The asset price spiked to new highs not seen in three years before dropping nearly in two weeks. Despite this trend, it ranked above major altcoins in several metrics.
Recent data shows XRP became the most traded altcoin on Binance in December. With days left to the new year, the assetās volumes continue to soar alongside its institutional funds. On the Binance futures market, the assetās tradi
Ethereum Whales Are Dumping Assets; Whatās Going On?Ā
Ethereum (ETH) faced increasing sell pressure last week as crypto prices tumbled. The largest altcoin, on the verge of an uphill climb ahead of 2025, has plummeted beyond multiple resistance levels. ETH trades at $3,336 at press time, a 2% drop in 24 hours and a sharp 19% decline this week.
Massive ETH Outflows
Data from crypto analytics firm Lookonchain shows whales offloading assets to recoup slight gains. This has ushered in declining sentiments after the Federal Reserveās Jerome Powell str
TON to Soar 280%? Experts Share Insights on Upcoming Altcoin Season
Toncoin (TON) price trades in the woods like most crypto assets following the recent pullback. Generally, the networkās skyrocketing growth this year has led to bulls circling in, acquiring assets as on-chain factors flip green. Market commentators have projected price bottoms and peaks alongside this weekās bear trading.
On-chain analysts have hinted at a possible 280% TON price growth within current levels, being a local bottom. The yearly simple moving average (SMA) heatmap shows a price of
Cardano (ADA) experienced extremely low volatility on Sunday as the market stabilized after a rough week. ADA saw a significant 15% drop in value over the past seven days.
However, recent price movements suggest a potential bullish reversal despite this decline. ADA has rebounded after testing a major support level around $0.80, reigniting optimism among analysts.
Popular crypto analyst Ali Martinez shared his views on ADAās future trajectory following this weekās pullback, noting the current
Rippleās XRP Bullish Pattern Hints At Gigantic Breakout ā Is a Major Eruption to $5 XRP Price Ahead?
XRP and the broader cryptocurrency market have moved sideways over the past few days. Despite the widespread sentiment, XRP holds key support levels, which could see it resume an uptrend.
XRP was trading at $2.24 at the time of writing after a 0.6% dip in the last 24 hours. Analyst Brett on X notes that XRPās price movements have seen the coin break out of a symmetrical triangle pattern.
If the bulls continue to dominate the price movement, XRP will likely continue to soar, with the next key l
Bitcoin Addresses Drop By 211K Amid Market Uncertainty: Could a Rally Be Next?
Wallets holding Bitcoin are now declining in number, while those that hold the meme-based Dogecoin appear to be increasing in number.
Bitcoinās ecosystem is experiencing waves of doubt. According to fresh data from analytics company Santiment, there has been a decline of more than 211,000 non-empty Bitcoin addresses in three weeks alone, which has sparked the interest of observers in the market.
Such a steep drop in active addresses has been observed to be succeeded by price recoveries, and ma
Experts Forecast Timeline for U.S. to Eliminate $36 Trillion Debt Using Bitcoin
As the debate about how to manage the U.S. national debt gains momentum, key players in the crypto sector are increasingly discussing the potential role of Bitcoin in offsetting the nationās $36 trillion debt.
On Saturday, Ki Young Ju, CEO of crypto analytics firm CryptoQuant, weighed in on the idea of a Strategic Bitcoin Reserve (SBR), calling it a āfeasible approach.ā
Ju noted that in 2024 alone, $352 billion in new inflows drove a $1 trillion market cap increase, underscoring Bitcoinās pote
Shiba Inu Partners With Chainlink ā Could This Be the Key to SHIBās Biggest Rally Yet?
Shiba Inu (SHIB) could be on the cusp of a major lift-off following a groundbreaking partnership with Chainlink (LINK), a leader in blockchain interoperability.
Announced on Thursday, this collaboration marks a pivotal moment for the Shiba Inu ecosystem, with its Shibarium network now integrating Chainlinkās Cross-Chain Interoperability Protocol (CCIP).
Notably, this integration establishes CCIP as the ācanonical cross-chain infrastructureā for the Shiba Inu ecosystem, allowing SHIB, BONE, and
Bitcoin Whales Resume Massive Withdrawals From Binance; Will BTC Retest $100,000?
Bitcoin (BTC) whales are buying assets in large volumes following the recent dip in the crypto market. These large volumes mostly come off Binance as whales seek to move assets to other custodians, which signifies long-term holdings. Generally, the marketās reaction is bullish, with BTCās price shaking off previous exits to regain $100K.
Data from CryptoQuant shows increased whale accumulations, leading to a surge in market sentiments. In the last 48 hours, several withdrawals from Binance rang
On-Chain Analysts Water Down Ether Bulls $5,000 Price Expectations This Year
Crypto options platform Derive says the chances ofĀ Ethereum (ETH) hitting $5K by Dec 27 is less than 10%, falling from previous projections. The altcoin leader continues its sideways trading despite glimpses of a forward run through multiple resistance. Lower market sentiments have affected bulls significantly, as shown in recent whale movements out of the ecosystem.
New market data released by the firm shows dwindling confidence for a $5K resistance level break. Currently, traders believe it o
Bitcoin Wealth Creation Is Faster Than Apple, Tesla, and Nvidia Combined
Bitcoin (BTC) has flipped a major milestone: $100,000. BTC, after crossing this price threshold on 5th December 2024, made 14,211 new millionaires as well as 4 new billionaires.
As such, Bitcoin is much faster at making wealth for its holders, even compared to the most successful stocks such as Apple, Tesla, or Nvidia.
A study spearheaded on December 5th sought to analyze more than 17,000 Bitcoin wallets.
These wallets contained more than $1 million worth of BTC, and the information was analy
Analysts Agree Rippleās XRP Could Reach $10 This Cycle If These Conditions Are Met
XRP saw a sharp decline on Friday, mirroring a volatile week for the cryptocurrency market, which experienced a notable 11.68% drop in total market capitalization, falling to $3.14 trillion over the past 24 hours. XRP alone relinquished nearly 20% of its recent gains in this timeframe.
Notably, the drop was attributed to a combination of typical on-chain profit-taking and reports that U.S. Federal Reserve Chairman Jerome Powell stated the agency has no interest in creating a national Bitcoin re
Solanaās $400 Surge in Sight As Top Analyst Highlights Key Catalyst
Solana (SOL), the sixth-largest crypto by market capitalization, continued to show lackluster performance Thursday, extending its month-long downward trajectory within a narrow price channel.
This comes after a significant rally from September to a new all-time high of $263.83 in mid-November. However, SOL has now revisited the previous March high of $205, a level analysts see as critical support, hinting at a potential reversal.
In a recent tweet, analyst MartyParty highlighted a recurring pr
Peter Schiff Predicts āCar Crashā for Cardano (ADA) Price As Strong Bearish Pattern Emerges
Veteran economist and trader Peter Schiff has issued a stark warning for Cardano (ADA), predicting a ācar crashā for the cryptocurrency as a strong bearish technical pattern emerges.
Schiffās cautionary outlook comes amid a broader slump in the cryptocurrency market, with ADA losing around 27% of its value in the past week alone. Notably, the tokenās recent decline follows its inability to sustain the $1.33 level, which ADA briefly surpassed last month. After multiple failed attempts to break t
SEC Greenlights First Combo Bitcoin-Ethereum ETFs From Hashdex and Franklin Templeton
After multiple delayed reviews, the United States Securities and Exchange Commission (SEC) has finally given its regulatory greenlight the first spot exchange-traded funds tracking both Bitcoin and Ethereum.
The approval extends the access of traditional institutional investors to the two largest crypto assets through spot-based investment products.
Franklin Templeton, Hashdex Hybrid ETH-BTC ETFs Approved
According to a Dec. 19 notice, the Securities and Exchange Commission approved the Hashd
Inside Hoskinsonās Plan to Unlock $20 Trillion in Crypto Assets With Cardanoās Midnight Protocol
Charles Hoskinson, the CEO of IOHK, is setting his sights on helping unlock a staggering $20 trillion in crypto assets through the launch of the Midnight protocol.
In a recent interview on the Blockster podcast, Hoskinson shared his ambitious vision for the Cardano ecosystem, highlighting how the privacy-focused protocol could tap into a massive pool of value that has been sidelined due to restrictive regulatory barriers.
Notably, Midnight is designed to provide privacy as a service through th
Spot Bitcoin ETFs Record Largest Daily Outflows of All Time As Major Sell-Off Rocks Crypto Market
US spot Bitcoin exchange-traded funds (ETFs) saw their largest-ever single-day outflow on Thursday amid a devastating crypto market bloodbath, with Bitcoin and other major digital coins shedding a chunk of their recent gains as the market continues a correction that began on Wednesday following the FOMC meeting.
BTC ETFs Snap 15-Day Positive Flow Streak
Roughly $671.9 million exited spot BTC exchange-traded funds on Dec. 19, ending a period of net inflows that started 15 days ago, according to
Peter Brandt Projects Mega Bullish Bitcoin-Gold Ratio: Whatās Next for BTC Price
Veteran trader Peter Brandt has signaled a wider Bitcoin-Gold as the asset soared to an all-time high. Bitcoin prices continue to soar on the back of positive macro events in the United States, with bulls anticipating inflows in Donald Trumpās second term. This growth in Bitcoin price has mounted the unending gold debate.Ā
On Dec 16, the Bitcoin to gold ratio hit a new all-time high alongside the BTC price. The ratio weighs the purchasing power of gold per ounce to one Bitcoin. The metric is 40
Solana Staking Product From Bitwise Launches in Germany As Optimism Builds About US ETF Approval
Crypto asset manager Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, while it awaits approval in the United States for its Solana exchange-traded fund (ETF) offering.
Bitwiseās new Solana Staking ETP with the stock ticker BSOL will trade in Germany on the Frankfurt Stock Exchangeās Xetra trading venue in collaboration with Marinade, a self-custodial automation tool. According to the firm, the fund allows investors to earn greater returns compared to other SOL prod