Tags: Spotlight

These days the crypto market is slightly bearish with major coins trading in the red. Specifically, Bitcoin (BTC) and Ethereum (ETH) shed about 1 in a week. However, market participants aren‘t losing their optimism regarding the possible approval of spot Bitcoin ETFs and the upcoming halving. Amid that, Bitcoin is still eyeing the $38,000 mark. Besides, the release of the US PCE Inflation Data with potential implications for the Fed monetary policy could impact market sentiment. Financial markets, including bitcoin and crypto, could benefit from confirmation of falling inflation. 

As we approach the end of the month, will Bitcoin climb towards the $40,000 threshold, or will it experience a notable setback? Traders are keenly observing the market, especially with the monthly close imminent and potential volatility on the horizon, further fueled by anticipated macroeconomic events and recent developments like ARK Invest‘s decision to reduce its holdings in the Grayscale Bitcoin Trust.

Bitcoin (BTC) Price Analysis:  Technicals Looming Large During Pullback – 29 November 2023

The diverse array of trends in the cryptocurrency market exhibit Bitcoin and BNB‘s rising values; however, most altcoins face a struggle – this results in an overall market cap dip to $1.41 trillion. Despite this setback, robust investment persists within crypto funds: notably so with significant inflows towards Bitcoin - a testament to strong investor confidence. The fact that 70 of Bitcoin supply has remained untraded over the past year further serves as evidence - a strong holding sentiment appears to be suggested.

The ever-evolving world of cryptocurrencies currently experiences a mix of contrasting trends in the market. Leading cryptocurrencies such as Bitcoin and BNB witness gains; for instance, there is a modest 0.7 increase in Bitcoin value while an impressive surge by 5.3 characterizes the BNB performance. Conversely, however, we observe that the broader altcoin market is undergoing a downturn. The overall crypto market cap, despite its gains in key areas, has settled at $1.41 trillion – a figure indicating a slight decline.

As the week unfolds, Bitcoin (BTC) finds itself at a pivotal moment, captivating traders with its highest levels in the last 18 months. The recent spike above $38,000 has created a "micro-range" where bulls and bears are intensely competing – this tension raises a critical question: will BTC surge towards the $40,000 mark or face a significant pullback? With the end of the month fast approaching, traders are on the edge of their seats, waiting for the volatility that might come from the monthly close, and keeping an eye out for any surprise twists from upcoming macroeconomic events.

Despite the crypto market gaining momentum, with heightened interest in Bitcoin ETFs and surging cryptocurrency values, the overall complexity of DeFi and high Ethereum fees can be daunting for many. Addressing the latter through its signature account abstraction (AA) technology, Rivo.xyz provides an accessible platform with a friendly interface, a smart contract wallet with easy access to DeFi strategies, and a comprehensive DeFi marketplace. 

As we delve into the crypto market this Tuesday, the landscape presents a mixed bag of trends: Bitcoin, the big kahuna of crypto, is holding steady with a slight dip under 1, while, over in the altcoin corner, Ethereum is playing a bit of a tug-of-war; it‘s been flirting with the $2,100 mark, but keeps slipping back to around $2,000, making it a nail-biter for those watching its every move. The broader market isn‘t exactly in party mode either, with the global cap hovering just over $1.41 trillion, down a smidge by 0.6 in the last day. And with the fear and greed index chilling at 69, it feels like everyone‘s waiting for the other shoe to drop. 

Jito Foundation is launching a governance token aimed at both managing and spurring the development of the Solana-based liquid staking protocol.

After these last few days of red candles altcoins could be ready to start coming back to life. The Solana ecosystem has some prime candidates to take the lead.

A bearish sentiment is gripping the cryptocurrency market. Is bitcoin about to throw in one of its heart-stopping 20 to 30 plunges?

Israel‘s battle against the financing of Iran-backed militant groups, spanning from Hamas to Hezbollah, has encountered a new battleground: the rapidly expanding crypto network known as Tron.

Cosmos co-founder Jae Kwon has split ATOM after years of infighting and accusations that the community is conspiring against him. 

Changpeng Zhao, the founder and former CEO of the world’s largest cryptocurrency exchange, Binance, must remain in the United States of America for the foreseeable future. 

Bitcoin (BTC) recently surged to the crucial $38,000 mark in the current sustained rally of the crypto market, signaling positive market sentiment. This upward trajectory extends beyond just Bitcoin as other major cryptocurrencies also undergo significant movements. Within this dynamic environment, five specific cryptocurrencies gain prominence: Blur (BLUR), Sui (SUI), Maker (MKR), Cosmos (ATOM), and emergent ScapesMania. These coins – each one – offer unique features and potential; indeed, they stand out in the current market landscape.

The move-to-earn (M2E) sector, a fusion of fitness and cryptocurrency, rocketed in popularity in 2022 with apps that rewarded users for staying active. Despite an early spike in interest, the market faced a slump, raising questions about its long-term viability; however, the sector, currently valued at over $550 million, is far from stagnant. Predictions suggest a surge to $1.2 billion by 2028 and possibly even $2.47 billion by 2032, which isn‘t just a passing craze – it‘s a significant lifestyle movement, growing at a brisk 18 annually.

Despite the heat in the crypto market, Bitcoin‘s staying power near the $37,000 grand mark is quite a standout. This resilience is particularly noteworthy given the broader context of crypto market fluctuations, where the total liquidations in the past 24 hours come in at $130.81 million, according to CoinGlass data. A big part of the conversation right now is about Bitcoin ETFs, all tied to the hype and speculation whether they will cause a massive bull run or harm cryptocurrency prices. Also, the competition in Bitcoin mining is getting intense – it‘s hit a record high of 67.96 terahashes, showing how tough and solid the network has become. The rollercoaster of Bitcoin and its crypto buddies is heavily influenced by shifts in market attitudes and evolving regulations. Amidst this backdrop, ScapesMania (MANIA) is capturing attention as an intriguing presale project, offering a blend of stability and innovation in a market known for its unpredictability. 

Bitcoin (BTC) Price Analysis:  36777 Tested on Profit-Taking – 28 November 2023

The series of significant events are unfolding in the cryptocurrency market which causes heightened volatility and uncertainty. The approved extradition of Do Kwon has injected a sense of caution among investors. Furthermore, the legal troubles of Changpeng Zhao, the former CEO of Binance, have raised concerns about regulatory compliance, casting a shadow over Binance Coin and the broader crypto ecosystem. Adding to the market‘s unease is the potential $2.7 billion outflow from the Grayscale Bitcoin Trust if its ETF conversion is approved. This event could exert downward pressure on BTC. Meanwhile, experts anticipate that the settlement of the Binance issue with the US authorities would reduce risks and ease pressure on the crypto market. 

Bitcoin (BTC) recently surged to the $38,000 mark in the current crypto market rally, signaling positive market sentiment significantly. Not just limited to Bitcoin, other cryptocurrencies are also demonstrating growth trends and fostering an optimistic atmosphere within the digital asset sectors. Aptos (APT), Cardano (ADA), NEAR Protocol (NEAR), Render(RNDR) and emerging ScapesMania all capture both investors’ and enthusiasts’ attention. Various factors fuel this rally, but specifically: market speculations surrounding the potential approval of a Bitcoin Spot ETF and anticipation for the upcoming Bitcoin halving.

This week in the financial world is brimming with events that could significantly impact the crypto market – the focus is on the Federal Reserve, whose decisions and comments are eagerly awaited by investors. 

Leading crypto exchange OKX has announced a new crypto exchange and Web3 wallet launch in Brazil.

After gains were curtailed on Friday, there followed a weak Saturday, and a strong down day on Sunday. Monday, and crypto is still down, but is this the turning point now?

Circle, the entity issuing the USDC stablecoin, has announced a partnership with Japanese securities and banking giant SBI Holdings in a bid to boost USDC circulation in Japan.