Artificial Intelligence, perpetual contracts, and trading bots are three key crypto narratives to watch this week. AI-focused tokens like TAO and FET have risen 61% and 71%, while VIRTUAL reached a $3.3 billion market cap, making it the second-largest AI token. Perpetuals have also gained momentum, with Hyperliquid driving $98 billion in weekly DEX volume … Read more
Ethereum ETFs closed the week strong with inflows above $300 million while bitcoin ETFs saw outflows of close to $400 million. Last Week of 2024 Sees Outflows for Bitcoin ETFs and Inflows for Ethereum ETFs Bitcoin and ethereum exchange-traded funds (ETFs) experienced mixed fortunes in the final week of 2024. According to Sosovalue‘s weekly inflow/outflow … Read more
TL;DR The Ripple v. SEC case culminated in August when Judge Torres ordered the company to pay a $125 million fine for breaching certain securities laws. The penalty represented a substantial reduction of what the regulator initially asked for. Donald Trump’s election victory and Gary Gensler’s announced resignation fueled optimism among XRP supporters, expecting pro-crypto … Read more
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XRP NVT Ratio shows network value outpacing transaction activity MACD remains bearishly positioned with no reversal signals Price consolidates between $2.00 and $2.73 resistance XRP finds itself at a challenging crossroads as the year draws to a close, with the coveted $3.00 milestone remaining elusive. The cryptocurrency’s prolonged consolidation phase suggests that investors may need … Read more
Follow Nikolaus On 𝕏 Here For Daily Posts Look, I know I am late to the party. I remember covering the news of MicroStrategy’s first bitcoin purchase, and I’ve watched the stock rise from $14 to $400 per share. All that time, I didn’t buy. Yet, this past Friday, for the first time since 2018, … Read more
The civil case between the US financial regulator and Gemini Trust Company was initially scheduled to go to trial before Donald Trump’s inauguration.
Tether, the issuer of $140 billion stablecoin leader USDT, increased its Bitcoin holdings by $700 million. Tether added 7,629 Bitcoin (BTC) alued at approximately $700 million to its corporate crypto reserve address on Dec. 30, according to transaction data from on-chain insight provider Arkham. The (USDT) stablecoin operator now holds 82,983 BTC, worth $7.7 billion … Read more
A bearish chart pattern on Bitcoin’s daily timeframe threatens to send BTC price to new lows. Here’s what must happen to avoid it.
Microstrategy may have scooped up 2,138 BTC recently, but its stock price has been anything but steady. The company’s shares are now trading more than 36% below their record high. Microstrategy Doubles Down on Bitcoin, but Can It Weather a 36% Stock Drop? Since adopting its bitcoin (BTC) strategy in 2020, Microstrategy, led by founder … Read more