“With quantitative tightening [QT] ending, the Fed is back in the bond market, and the drain of cash from markets may be behind us,” Coinbase Institutional stated on Wednesday before adding, “That’s usually good for risk-on assets like crypto.” The findings came in the company’s monthly outlook report, which took a deep dive into why […]
Strategy (MSTR), the largest corporate holder of Bitcoin (BTC), now has a total market value of billions of dollars below the value of the cryptocurrency it owns. As of December 3, the company’s market capitalization sits near $50.7 billion, while its BTC reserve is valued at approximately $60.4 billion. The situation has created a historic valuation […]
Ripple’s native token has joined the overall market rally in the past 24 hours and has surged by 10% since its recent bottom of $2.00 to just over $2.20 marked earlier today. Aside from the broader market’s revival, there might be another notable reason behind XRP’s impressive surge now. XRPUSD Dec 3. Source: TradingView XRP […]
Bitcoin prices have recovered to exceed $93,000 again during early trading in Asia on Wednesday morning. The move comes less than two days after it dumped to $84,000 in the latest violent leverage flush. The asset has now recovered all losses from that drawdown and is sitting at a crucial resistance point. The move has also […]
The cryptocurrency market has shown promising signs of revival over the past day or so, led by bitcoin’s massive surge from under $84,000 to almost $94,000. Countless altcoins have performed even more impressively, posting double-digit gains, including many of the larger caps. ETH, SOL, ADA, LINK, BCH, and HYPE have all surged by somewhere between […]
The recent market downtrend has left many bitcoin investors and market enthusiasts in confusion. This is because predictors and a few factors point to a further downtrend, while some claim that the world’s leading crypto sits at a powerful support zone. Obviously, BTC witnessed a significant price recovery last week, jumping by about 15% to […]
Chainlink (LINK) is trading lower this week as sellers regain control. The price has slipped to around $12 at press time, following a 7% drop in the past 24 hours. Meanwhile, the focus now turns to whether it can stabilize or if the path lower toward $8 is now open. Breakdown Signals Weakness in Structure […]
“I do think Bitcoin can make an all-time high by the end of January,” said Tom Lee on CNBC on Monday. “I’m pretty bullish into December even with the first day being rocky,” he said. The BitMine chairman added that a lot of it will depend on equities recovering, which he expects, and a new […]
Ethereum’s market activity has picked up again after a sharp move to the downside. Following a drop to near $2,800, open interest in ETH futures rose by more than $653 million. As of press time, ETH is trading at around $2,800. The asset is down 8% in the past 24 hours but remains slightly up […]
According to CryptoQuant analyst Carmelo Alemán, the market is mispricing Strategy (MSTR), arguing that the firm’s 649,870 BTC stash now implies a value that’s about 78% above where the stock currently trades. He bases that view on on-chain metrics and CryptoQuant’s MSTR “price bands,” which he says now show the stock sitting deep in its […]