A group of analysts say various data points support an XRP rally to $18,000 per coin. Cointelegraph takes a closer look at the data. The speculative nature of cryptocurrencies personifies the idea that “anything is fair game” when it comes to valuation. These analyses can thread a thin line between being respectable or ridiculed. In…
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Crypto traders expect Bitcoin price to remain choppy in the short term as a new range must be established after this week’s double-digit drawdown. The Bitcoin bounce to $85,000 on Feb. 28 had traders hopeful that a bottom was in could be in peril after BTC struggled to secure a higher high candlestick for the daily…
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The move comes just days after the SEC dropped its investigation into Uniswap Labs. Decentralized exchange Uniswap has entered into a partnership with trading platform Robinhood and a number of payment platforms to facilitate crypto-to-fiat transactions. Starting on Feb. 27, users in more than 180 countries can sell supported crypto assets to deposit funds directly…
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Traders on social media seem keen to buy the dip, but onchain analytics platform Santiment says this doesn’t necessarily mean it’s time to buy yet. Social media mentions of crypto dip buying have rocketed to their highest level since last July amid a crypto market rout that recently sent Bitcoin under $80,000. Santiment’s social sentiment…
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MetaMask will expand from Ethereum Virtual Machine chains for the first time in May when it will add support for Solana, while Bitcoin will also be integrated in the third quarter. Crypto self-custodial wallet MetaMask is set to expand support to the Bitcoin and Solana networks and eventually remove gas fees as part of a…
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Assure DeFi CEO and crypto analyst Chapo predicts Market-Value-to-Realized-Value will peak around 3.2 this cycle, signaling the market top. Bitcoin’s Market-Value-to-Realized-Value (MVRV), an indicator that measures whether the asset is overvalued or not, shows that the cryptocurrency still has room to peak this cycle, according to a crypto analyst. “I predict a peak MVRV this…
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The Index, which measures overall sentiment in the crypto market, has not seen levels this low since the collapse of multiple crypto firms in 2022. A key Bitcoin and crypto sentiment tracker, the Crypto Fear & Greed Index, has fallen to its lowest score in more than two years as Bitcoin plummeted below $90,000. On…
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BlackRock’s iShares Bitcoin Trust has just recorded its biggest single day outflow since launching in 2024. Investors in BlackRock iShares Bitcoin Trust pulled out a record $420 million from the fund in a day as Bitcoin sunk to yearly lows. BlackRock’s spot Bitcoin ETF (IBIT) shed 5,000 BTC on Feb. 26, its largest outflow to date,…
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Elon Musk hit the headlines in late January for a reported plan to run parts of the US government on blockchain. The idea became an international story, even though Bloomberg’s sources were anonymous and neither Musk nor the US government announced anything official (Musk did express support for the idea on X however.) The concept clearly…
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Binance CEO Richard Teng says that crypto markets generally ”bounce back with remarkable resilience” after volatility due to macroeconomic events. The crypto market’s drop after US President Donald Trump confirmed that tariffs on Canada and Mexico are going forward is only short-term and likely won’t last long, says Binance CEO Richard Teng. “It’s important to…
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