Author: Sollcrypto

Following the recent upward surge in Dogecoin (DOGE) price, it has reclaimed its position as one of the top 10 cryptocurrencies globally. Some analysts are optimistic about the potential for a rapid increase to $1.0, possibly occurring within this month. Currently trading at approximately $0.168 per token, Dogecoin has experienced a 10% increase in the last seven days, according to CoinMarketCap. The Dogecoin (DOGE) price has surged by more than 100% in the last 30 days, as reported by CoinMarketCap. During this period, the meme coin has demonstrated an even more remarkable increase of 104%. Notably, Dogecoin is not the…

The Ethereum price is in a consolidation phase around the $4,000 range, with signs of renewed upward momentum as bulls target a potential move above the $4,200 level. After reaching a new multi-month high above $4,080, Ethereum experienced a corrective pullback. Nevertheless, the price remains above $4,000 and the 100-hourly Simple Moving Average. Notably, there was a breakout above a significant contracting triangle with resistance at $4,025, as indicated on the hourly chart of ETH/USD (data feed via Kraken). For the upward trend to continue, the Ethereum pair must successfully surpass the $4,085 resistance zone. This breakthrough could pave the…

Bitcoin continues its ascent, surpassing $73,000 for the first time on Tuesday. However, similar to recent peaks, the price experienced a swift decline thereafter. According to Coinbase data, Bitcoin reached a high of $73,027, surpassing the previous record of $72,702 set on Monday. Last week, Bitcoin achieved a new all-time high, surpassing $69,000 on Tuesday. Subsequently, the cryptocurrency saw a rapid dip, plummeting to $68,603, as reported by Coinbase. Despite its inherent volatility, Bitcoin has rebounded to $71,102 at the time of this writing. This pattern has repeated several times over the past week: Bitcoin reaches a new high, experiences…

The Litecoin landscape has undergone a significant transformation since early February, marked by a notable increase in short-term traders (holding for less than a month) from 7.84 million LTC to an impressive 11.13 million LTC. Interestingly, there has been a decrease in long-term LTC holding during this period. The recent 40% surge in LTC price prompts a closer analysis of metrics to determine the potential sustainability of this upward trend. There is a growing presence of Litecoin traders in the market. Examining the duration of LTC holdings highlights a surge in short-term traders, individuals retaining LTC for less than a…

Cryptocurrency journalist Eleanor Terrett recently shared insights on the Securities and Exchange Commission’s (SEC) approval of Ethereum spot ETFs. The initial optimism surrounding the SEC’s potential approval of Ethereum spot ETFs by May 23 is now diminishing, as indicated by Terrett. In recent weeks, discussions between companies, asset custodians, and the SEC have been largely one-sided. While companies and custodians are pushing for SEC involvement to initiate the process, officials are not actively engaging, contrasting with their approach to Bitcoin spot ETF applications. This lack of participation is attributed to the SEC’s discontent with the approval of Bitcoin spot ETFs.…

BlackRock’s IBIT Bitcoin ETF has achieved a milestone by surpassing $10 billion in assets under management (AUM), marking the fastest ascent to this level in the history of U.S. ETFs. This remarkable accomplishment coincides with a notable surge in Bitcoin prices, highlighting the growing appeal of digital assets among traditional investors. Introduced in January, IBIT swiftly garnered interest from both institutional and retail investors, riding the wave of Bitcoin’s bullish market performance and record-breaking highs. The ETF’s swift accumulation of assets is indicative of the broader trend of a rising acknowledgment of cryptocurrencies as credible investment opportunities. Approval from regulatory…

A widely-followed crypto analyst anticipates a significant surge in the value of the meme cryptocurrency Dogecoin (DOGE) in the coming weeks. With a substantial following of 50,700 on the social media platform X, Ali Martinez points to historical trends suggesting that DOGE could reach the $1 mark by mid-April, indicating a potential 500% increase from its current value. Analyzing the trader’s chart, the forecast implies a rapid ascent for DOGE in the next month, similar to patterns observed in 2017 and 2021, particularly after surpassing its range resistance. As of the present moment, DOGE is trading at $0.167. Notably, Martinez…

Bitcoin is once again making headlines, with predictions of reaching $100,000 gaining credibility in the options market. Having surged to a record-breaking $70,000 on Friday, marking an impressive 70% surge in just seven weeks, Bitcoin’s remarkable ascent has fueled discussions about the feasibility of the $100,000 target. Notably, the options market has witnessed a substantial uptick in open interest, specifically for call options with strike prices set at $80,000 and $100,000. Data from Amberdata reveals a notable 12% surge in open interest for these strike prices in the past 24 hours. Leo Mizuhara, the founder and CEO of Hashnote, a…

SEC Chairman Gary Gensler has not provided a definitive stance on the approval of spot Ethereum ETFs by the agency. In a recent Yahoo Finance interview, he was questioned about the roughly ten companies seeking approval for the spot Ethereum ETF. Additionally, he was asked about his perspective on the summer court decision related to Grayscale and whether he deemed it to set a precedent. Gensler responded, “I don’t want to prejudge any application, and as you said, we have 10 applications in front of us.” In November, prominent companies like BlackRock and Fidelity submitted applications for spot Ethereum ETFs,…

Is Dogecoin experiencing a period of tranquility before potential turbulence? Within February alone, the asset saw an influx of over half a million new holders. Despite this surge, the presence of a sizable number of profitable holders and a fragile support zone raises the possibility of an impending downturn. The question arises: is this indicative of an approaching bearish trend, or will the Dogecoin community successfully resist a decline? Dogecoin (DOGE) Achieves a Historic Milestone with 6 Million Holders The current count of DOGE holders stands at 6.5 million, marking one of the most notable figures in the cryptocurrency markets.…