Author: News Room
Fetch.ai (FET) price marked an all-time high earlier this month, and since then, it has been in consolidation. Although the altcoin has attempted to chart a fresh high more than a few times now, there is a chance that FET might make it this time. Fetch.ai Price Sees Support From Investors Fetch.ai’s price has been in an uptrend for the past day and is closing in on breaching a crucial resistance level of $2.85. Flipping it into support would result in the altcoin pushing on towards the all-time high of $3.07. In the process of charting highs, the support an…
The Government of Paraguay will strengthen the measures directed to combat the illegal cryptocurrency mining operations in the country. In a recent meeting, ANDE, the National Power Administration, the Supreme Court, and the Department of Justice, agreed to deal with these crimes swiftly given the damages they cause to the Paraguayan power grid. Paraguay Prepares […] Read the full article here
A closely followed trader says we “haven’t seen anything yet” as far as a crypto bull run, and is anticipating rallies for several altcoin projects. Pseudonymous trader Criptopaul tells his 145,000 followers on the social media platform X that digital assets are edging toward a “parabolic phase” which will likely begin by Ethereum (ETH) outperforming Bitcoin (BTC). “I assure you that you haven’t seen anything yet. -Ethereum still has to outperform BTC and do ATH -every other layer1-2 outperform Ethereum -new ath on most of the altcoins that have worked hard since the previous cycle. -We will probably see a…
The co-founder of the BitMEX crypto derivatives exchange Arthur Hayes is offering his prediction on Ethereum (ETH) less than three months after the approval and subsequent listing of spot Bitcoin (BTC) exchange-traded funds (ETFs). In a new The Wolf of All Streets interview, Hayes says he expects demand for Ethereum to pick up, especially if the U.S. Securities and Exchange Commission (SEC) greenlights applications for spot ETH ETFs. “I think ETH is going to catch a really big bid, especially if these ETFs are going to pass. And why do I think the ETFs on ETH and Solana and all…
Craig Salm, the Chief Legal Officer at Grayscale, suggested that the US SEC’s “perceived lack of engagement” with spot Ethereum exchange-traded funds (ETFs) applicants wouldn’t be a decisive factor that would hinder the prospects of such products. In a March 25 post on X (formerly Twitter), Salm said the Ethereum ETFs would be approved because “the SEC already has engaged” with the issuers during the application process for a spot Bitcoin ETF. Why the SEC could approve Ethereum ETFs According to him, during the approval of spot Bitcoin ETFs, the financial regulator worked out key issues, including creation and redemption…
Bitcoin (BTC) has established a local bottom at $56,000 for its current trading range following a 17.5% decline from an all-time high of $73,700. Bitfinex analysts revealed in the latest edition of the Bitfinex Alpha report that the primary factor behind BTC setting a bottom is the stabilization of flows into spot Bitcoin exchange-traded funds (ETFs). This shows that demand for the asset is beginning to slow down, allowing the market to find its equilibrium. Bitcoin Establishes Local Bottom Historical Bitcoin market cycle patterns show that significant declines from local highs have never been more than 23%. This was seen…
Cryptoquant founder and analyst Ki Young Ju suggested that demand for Bitcoin ETFs may increase even as the Bitcoin (BTC) price continues to fall. In a post, Ju used historical net flow trends to support his prediction. According to Ju, demand for Bitcoin ETFs generally increases when the BTC price reaches certain support levels. However, the analyst noted that net flows of Bitcoin spot ETFs are currently slowing. “Demand may recover if BTC price approaches critical support levels,” Ju said. He also announced that the on-chain cost basis for new whales, primarily ETF buyers, is $56,000. In bull markets, corrections…
Verifiable oracle protocol ORA is launching its on-chain AI oracle (OAO) on Ethereum mainnet. Although the initial launch of OAO is on Ethereum, over the coming weeks the oracle will also be live on Optimism, Base, Polygon and Manta. Implementing machine learning (ML) or AI onto the blockchain gives machine learning computation access to blockchain verifiability, validity, fairness and transparency. Despite the benefits, there have been difficulties with bringing AI on-chain. First, to enable decentralization, multiple nodes must run complicated machine-learning computations. However, this is rather costly and time-consuming. Additionally, Ethereum’s computation environment is specifically designed for EVM smart contracts…
As March nears its end, XRP investors are observing with optimism as the cryptocurrency maintains a value of $0.64, marking a nearly 10% increase for the month. With this achievement, attention naturally turns to April, prompting speculation regarding the trajectory of this popular digital asset. Analysis of historical data suggests a potential 30% surge for XRP in April. According to insights derived from CryptoRank, April historically demonstrates a favorable performance for XRP, with an average monthly return of 31%. However, for those inclined toward a more conservative estimate, the median monthly return stands at a noteworthy 2.05% increase. A retrospective…
Market Watcher Captain Faibik has argued that Ethereum (ETH) could be on a path to reclaim the lost $4,000 price amid a potential regulatory hurdle. In a recent analysis of ETH’s trajectory on X, Faibik disclosed that the $4,000 target has become evident. The analyst reached this conclusion after observing ETH’s established candlestick patterns in the four-hour timeframe. Specifically, he observed a bullish breakout through a descending wedge pattern, a known technical formation that marks the end of an asset’s consolidation phase. Accordingly, the analyst declared that the $4,000 threshold for Ethereum is on the horizon. $ETH #Ethereum Descending Broadening…