Bitcoin is struggling to regain momentum, with its price action stagnating around the 100-day moving average. The current market structure suggests a pivotal moment, where a bullish rebound remains a strong possibility. Technical Analysis By Shayan The Daily Chart Bitcoin’s price has been consolidating near the crucial 100-day moving average at $96K, with sellers attempting […]
On Feb. 13, Coinbase reported revenue for the fourth quarter of 2024 to the tune of $2.3 billion which equated to adjusted earnings per share of $4.68, up from $1.04 in the same quarter of 2023. Its quarterly revenue was up 88% year-over-year which translated to a net income of $1.3 billion for the period. […]
A new legislative proposal in Michigan seeks to create a Bitcoin reserve as part of the state’s financial strategy. On February 13, Representatives Bryan Posthumus and Ron Robinson put forward HB 4087, a bill designed to update the state’s Management and Budget Act by incorporating Bitcoin investments. With this, Michigan now joins 19 other states […]
Although Bitcoin and Ethereum are continuing to chop up the crypto traders attempting to squeeze profits from minor price moves, the meme coin market seems to be rebounding. Following a slow slide from a total market value of $137 billion in December to $67 billion this February, meme coins are now benefiting from a cumulative […]
XRP is back in the green, suddenly jumping 15% and getting crypto traders excited. The token has managed to break out of the sideways range it’s been trapped in over the past ten days. But XRP might not be leading the pack for long. Solana-based Layer-2 solution Solaxy just passed the $20 million mark in […]
In his latest essay titled “Zero Knowledge Proof,” former BitMEX CEO Arthur Hayes explores the potential of PolitiFi tokens. He argues that these tokens have the potential to reshape political fundraising, revolutionize campaigns, circumvent censorship, and sway election outcomes. Public Sentiment According to the blog post, PolitiFi tokens function as real-time sentiment indicators and decentralized […]
Around 21,300 Bitcoin options contracts will expire on Friday, Feb. 14, and they have a notional value of roughly $2 billion. This week’s expiry event is a little smaller than last week’s, which had very little impact on spot markets, which have lacked luster despite the steady stream of bullish news emerging from the United […]
Metaplanet, a Japanese Bitcoin investment firm, is set to be included in the MSCI Japan Index on February 28, a move expected to drive significant investment inflows. This development comes as the company’s stock continues to flourish in the Asian market, making it the fastest-growing equity in the country. Implications of the Milestone Simon Gerovich, […]
Robinhood Markets saw its revenue more than double in the fourth quarter of 2024. This was fueled by a surge in cryptocurrency trading owing to the favorable US presidential election. The company reported $1.01 billion in revenue, which surpassed analysts’ projections of $940.8 million. Robinhood Doubles Revenue in Q4 2024 Crypto trading played a significant […]
Solana is one of the biggest blockchains in the world – but network congestion is still a huge issue. That’s where Solaxy (SOLX) comes in. This new Layer-2 solution for Solana has raised over $20 million in presale funding. And some early backers think the native SOLX token could see a massive pump after exchange […]