Author: Sollcrypto
Renowned cryptocurrency analyst Michaël van de Poppe has declared his anticipation of a notable upswing in Bitcoin’s price in the coming days, attributing it to the increasing enthusiasm surrounding the potential approval of the Bitcoin Spot ETF. In addition to his optimistic outlook for Bitcoin, Van de Poppe has expressed confidence in Ethereum’s sustained impressive performance and foresees the onset of the next rally for alternative cryptocurrencies. Expectations for ETF approval are on the Bitcoin agenda. In the realm of cryptocurrency, Michaël van de Poppe, a highly regarded figure, underscored the growing anticipation and enthusiasm surrounding the potential approval of…
Bitcoin (BTC) maintained its position near $38,000 as it approached the weekly close on November 26, with traders exhibiting heightened optimism regarding BTC price. Bitcoin purchasers leave no room for maneuver for bears. Information from Cointelegraph Markets Pro and TradingView indicated a relatively uneventful weekend for Bitcoin, with the usual volatility yet to make an impact as the weekly close drew near. After reaching fresh 18-month highs in recent days, some argued that the largest cryptocurrency displayed promising indicators for a continuation of upward momentum. Notably, popular trader and analyst Credible Crypto observed buyers absorbing any sell volumes near the…
Blockchain technology functions as a digital ledger system that registers and verifies transactions involving cryptocurrency (digital or virtual currency). It captures details of each cryptocurrency transaction, such as purchases, sales, or exchanges, in specialized blocks. These blocks are linked together in a chain, establishing a sequential record of events. According to fintech expert Sergey Kondratenko, the distinguishing features of blockchain lie in its security and transparency. This is due to the immutability and accessibility of each block to everyone, without central management control. Kondratenko emphasizes that prominent cryptocurrencies like Bitcoin and Ethereum leverage blockchain for the secure processing and documentation…
In the past week, whales have acquired approximately $11 million worth of Ripple (XRP), as revealed by crypto analyst Ali Martinez. Drawing on data from the on-chain analytics platform Santiment, Martinez highlighted that the total value of these tokens amounted to approximately $6.82 million. Usually, when a substantial number of these whales engage in accumulation, it serves as an indicator of a change in market sentiment and a potential uptick in value. Traders may consider adjusting their strategies to potentially capitalize on this anticipated market shift. Nevertheless, as per CoinMarketCap, the impact of this buying spree has not yet manifested…
In a recent article, Shibetoshi Nakamoto, the creator of Dogecoin, playfully explored the notion of Argentina considering DOGE as its reserve currency. This whimsical comment emerged in the context of discussions spurred by the election of Argentina’s new president, Javier Milei, who has proposed significant economic reforms, including shuttering the Central Bank and adopting the U.S. dollar as the exclusive currency. Despite clarifying that he wasn’t endorsing this idea, the developer found amusement in imagining a scenario where Argentina embraced Dogecoin, stating, “It would be rather amusing if Argentina opted for Dogecoin as its reserve currency.” He further drew a…
Disclaimer: Cryptocurrency constitutes a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. Your use of this website implies agreement with our terms and conditions. We may incorporate affiliate links in our content, leading to potential commission. Over two years since the adoption of Bitcoin (BTC) as legal tender, El Salvador’s significant crypto gamble is still encountering challenges, including the government’s own BTC investments that appear to be in a loss position due to poorly timed purchases by the president. As per the Nayib Bukele Portfolio Tracker website, the government presently holds 3,124…
Ethereum has surged through both psychological and technical milestones, demonstrating heightened volatility and drawing renewed interest from investors. The ETH/USD pairing on Kraken has experienced a significant upward breakthrough, surpassing the crucial $2,000 threshold and challenging the resistance at $2,136. This sets the stage for potential future price movements. A closer look at Ethereum’s daily chart reveals a robust bullish trend that has captured the attention of the cryptocurrency community. The cryptocurrency has successfully breached the $2,000 barrier, leading to a noticeable spike in market volatility. This is evident in the larger candlestick sizes and increased trading volume, signaling an…
The Bitcoin price is maintaining its position with gains above $37,000 and is presently consolidating, indicating a potential upcoming rally if it successfully surpasses the $38,000 resistance zone. Bitcoin continues its consolidation below the $37,750 resistance, trading above $37,200 and the 100-hourly Simple Moving Average. On the hourly chart of the BTC/USD pair sourced from Kraken, there is the formation of a short-term contracting triangle with resistance near $37,420. Should the pair manage to clear the $38,000 resistance zone, it could potentially initiate a robust upward movement. The Bitcoin price continues to find support. The Bitcoin price remained robust, initiating…
Financial analyst Jim Cramer has implicitly acknowledged his misjudgment regarding Bitcoin (BTC), acknowledging that his earlier call for investors to sell the cryptocurrency was premature. During a segment of his CNBC Mad Money show on November 22, Cramer responded to a caller inquiring about purchasing shares in Bitcoin miner CleanSpark, expressing that individuals who have a favorable view of Bitcoin should consider increasing their exposure to it. On December 5, 2022, when Bitcoin was valued at $17,150, Cramer strongly advised investors to liquidate all their crypto holdings regardless of the associated costs, asserting that it was “never too late to…
On November 23, the price of Ether (ETH) is marginally higher, holding steady above the $2,000 mark after briefly testing $1,930 on November 21. In the past week, Ether’s price has seen a 2.5% increase, accompanied by a 0.5% growth in total market capitalization. This upward trend is attributed to improved metrics in decentralized applications (DApps), heightened protocol fees, and Ethereum’s continued dominance in the non-fungible token (NFT) market. To gauge the sustainability of Ether at the $2,000 level, it is essential to consider the potential impact of recent regulatory challenges faced by Binance, particularly in light of its recent…