Ripple (XRP) Aims for Breakout from 3-Year Symmetrical Triangle

Ripple XRP finds itself approaching an inflection point after years of muted price action. The altcoin has traded in a clearly defined symmetrical triangle pattern on high timeframes since 2021. Now, analysts spot signs of an imminent breakout from this technical formation with optimistic upside targets. Returning To Crucial Range According to analyst Crypto Rover, […]

Bitcoin ETFs (BTC) See Big Inflows While Money Exits Gold ETFs

“It’s a pretty bad scene right now in the gold ETFs category,” said Bloomberg Intelligence senior ETF analyst Eric Balchunas in a post on X. “To be sure, I don’t think these people are migrating to bitcoin ETFs,” he wrote, although he said it could partly be a reason for the ugly numbers. Source link

Bitcoin (BTC) Price Rising to $52K Is Driven by Strong U.S. Demand, the Coinbase Price Premium Suggests

The so-called “Coinbase Premium Index” – which measures the price difference for bitcoin on Coinbase compared to Binance, the leading exchange by trading volume – rose to 0.12 Thursday, its highest reading since May 2023, according to data from analytics firm CryptoQuant. “High premium values could indicate US investors’ strong buying pressure in Coinbase,” CryptoQuant […]

Feds Zero in on Energy-Guzzling Crypto Mining Giants | Goldberg Segalla

As closely monitored by ELM over the last couple of years, the expansion of cryptocurrency mining in the United States has resulted in the industry simply devouring the country’s energy resources (see here for general background on cryptocurrency mining effects on energy use, and here for an explainer on the federal government’s increased attention to crypto’s energy […]

Bitcoin bears beware — BTC's rally above $52K is much healthier than before

Bitcoin price continues to show strength even as traders refuse to use leverage for bullish positions. Cointelegraph explains why. Bitcoin (BTC) gained 21.2% between Feb. 7 and Feb. 15 as traders attempt to establish support at $52,000. This week’s surge is attributed to increased inflows into spot Bitcoin exchange-traded fund (ETF) instruments and macroeconomic uncertainty. […]

Competing with Polygon (MATIC), This New $0.01 Cryptocurrency Surpasses $5 Million in Presale

In the rapidly evolving world of cryptocurrency, a new contender is making headlines by directly challenging established giants like Polygon (MATIC). Priced at just $0.01, this emerging cryptocurrency has already made a significant impact, surpassing $5 million in its presale phase. This remarkable achievement not only highlights the growing investor confidence in its potential but […]

AI-Powered Gaming Platform Ultiverse raised $4 Million at $150 Million Valuation

Singapore, Singapore, February 14th, 2024, Chainwire Ulitverse, an AI-powered one-stop platform for Web3 gaming production and publishing, is thrilled to the completion of its strategic round of $4 million. This round is led by IDG Capital, followed by Animoca Brands, Polygon Ventures, MorningStar Ventures, Taiko, ZetaChain, Manta Network, DWF Ventures, and Jacob KO (Partner of […]

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