Author: Sollcrypto
Bitcoin (BTC) has experienced its most significant increase in transactions surpassing $100,000 in almost two years, as reported by crypto analyst Ali Martinez. This surge, encompassing 16,900 sizable transactions, is under close observation as a crucial metric for assessing BTC whale activity. It provides insights into the strategic moves of major players within the cryptocurrency landscape. The upswing in high-value transactions coincides with a period of heightened volatility in the overall cryptocurrency market. Bitcoin, the leading digital currency, recently experienced a drop below $41,000 earlier this week. Analysts attribute this price fluctuation to a combination of factors, including a conflicting…
Since December 17, 2023, the price of Shiba Inu (SHIB) has experienced a decline, with the acceleration of this decrease observed on January 3 of this year. Despite the downturn, SHIB successfully averted a breakdown from a crucial horizontal support zone. Will its recovery persist? Shiba Inu encounters difficulty in surpassing resistance. The weekly chart indicates a decline in SHIB price since January 2023, remaining below a horizontal resistance zone since April. This downward trend hit a low of $0.0000060 in June. Although Shiba Inu experienced subsequent increases, it struggled to breach the horizontal resistance zone. Instead, it faced rejection…
Starting from December, the XRP price has remained within the range of $0.5762 to $0.6565, showing limited movement compared to other altcoins that have experienced notable increases driven by heightened inflows of market capital. Nevertheless, recent events related to the possible rejection of Bitcoin exchange-traded fund (ETF) applications by the US Securities and Exchange Commission (SEC) have intensified market uncertainty. This development led to a 10% decline in the XRP price, pushing it down towards the $0.500 level. Legal Developments Impacting XRP Price Despite the obstacles faced, a noteworthy catalyst that could propel XRP to unprecedented levels is the ongoing…
Bitcoin’s price is currently displaying a potential bullish divergence, hinting that the 6% decline observed could undergo a reversal. Despite a report from Matrixport suggesting the SEC might reject spot BTC ETF applications, senior Bloomberg ETF analyst Eric Balchunas discredited the claim, stating they have “heard nothing to indicate anything but approval.” The cryptocurrency market experienced a dip on Thursday following the release of the Matrixport report, causing a momentary panic among investors. Initially, the report portrayed a negative outlook on Bitcoin’s price and ETF approval, but Matrixport later contradicted itself by asserting that BTC was poised to reach $50,000.…
Bitcoin kicked off the new year with a substantial surge, reaching nearly $46,000 today. The upward momentum, initiated late Monday night, propelled BTC above $45,000, hitting $45,913.30, a level unseen since April 2022. Analysts examining the charts foresee the next pivotal juncture toward a potential new all-time high lying within the range of $48,000 to $50,000. Julius de Kempenaer, Senior Technical Analyst at Stockcharts, remarked on Bitcoin’s breakout from a three-week consolidation pattern, signaling heightened momentum. He emphasized the need for Bitcoin not to linger too long at its new level. Rob Ginsberg from Wolfe Research lauded the recent resurgence…
The most recent Ethereum All Core Developers meeting has outlined tentative dates for the upcoming mainnet hard fork, Dencun. However, these dates are contingent on the absence of major issues, and Ethereum developers are targeting the following schedule for the public testnets: Notably, this marks the final inclusion of Goerli in the testing phase, as the network is slated for deprecation. The meeting also delved into discussions about the subsequent upgrade, tentatively named Prague/Electra. The Ethereum community is currently contemplating whether to prioritize a comprehensive core feature, potentially requiring a year of development, or opt for an upgrade structured around…
Commencing 2024 on a positive note, Shiba Inu, the renowned canine-inspired cryptocurrency, received a heartening New Year’s message from its lead developer, Shytoshi Kusama. Penned in Japanese, Kusama extends well wishes to the Shiba Inu community and expresses goodwill towards the Japanese community, especially in light of recent events in the nation. The English translation of Shiba Inu lead’s tweet is as follows: “Happy New Year. I sincerely wish everyone a healthy new year. Simultaneously, I want to express my deepest condolences to everyone in Japan affected by the devastating earthquake and earnestly pray for their swift recovery. May this…
SNEK, the well-known Cardano meme coin, introduces a groundbreaking development in gaming, just two months following the launch of its exclusive energy drink. In a recent tweet, SNEK declared the launch of its live snake game, a collaborative effort with Paima, Vacuum Labs, and Anvil. Inspired by the iconic snake game from Nokia phones, this marks the inaugural play-to-earn game within the SNEK ecosystem. As per the Snek team, the game is presently accessible only on desktop, with a potential mobile version slated for a 2024 launch. In celebration of the game’s debut, Snek has announced the addition of 69…
JPMorgan CEO Jamie Dimon is facing criticism from the crypto community on X (formerly Twitter) following his designation as an authorized participant (AP) by BlackRock, as revealed in the updated Form S-1 filed on Dec. 29. Discussing the BlackRock amendment, Eric Balchunas, an ETF analyst at Bloomberg, remarked, “BlackRock just released its revised S-1, and it does list the APs: Jane Street and JPMorgan (which is somewhat ironic).” An authorized participant is an entity granted the privilege to create and redeem shares of an exchange-traded fund (ETF). In BlackRock’s updated filing, Jane Street and JPMorgan Securities were named as “authorized…
XRP, a prominent cryptocurrency supported by Ripple Labs, sparked renewed speculation within the broader crypto market on Friday. The token’s recent substantial whale transfers, highlighted by data within the crypto sphere, drew attention from enthusiasts. Coinciding with a price decline in the token, additional implications for XRP emerged. Additionally, a leading crypto analyst provided insights into XRP’s current market dynamics, further fueling speculation surrounding the token. XRP Large Holder Sells on Centralized Exchanges: Report Whale Alert’s data reveals two noteworthy transactions, collectively transferring 46.60 million XRP to a pair of centralized exchanges (CEXs). The initial transaction, capturing global traders’ attention,…