Crypto News

A massive $2.31 billion worth of crypto assets is set to hit the market in the next 30 days

50 mins ago 1 min read

Token Unlocks forecasts a substantial increase of $2.31 billion in cryptocurrency assets within the next 30 days. This surge is expected to come mostly from prominent projects such as Solana (SOL), Avalanche (AVAX), Wormhole (W), Worldcoin (WLD), and The Sandbox (SAND). Solana is presently adhering to a linear unlock schedule, wherein 74,860 SOL tokens, worth more than $13.3 million, are being introduced into the market daily. On December 26, 2023,

Ethereum (ETH) Price Struggles Despite the ETFs Launch

3 hours ago 1 min read

The price of Ethereum (ETH) has witnessed a substantial downturn following the introduction of the Spot Ethereum ETFs, suggesting that the debut was a “sell the news” occurrence. According to an analysis, Ethereum has experienced a 10% decrease in value since trading commenced on July 23. Further losses may occur. Markus Thielen, the Head of Research at Matrixport, provided a comprehensive explanation for the decrease in the price of ETH.

Bitcoin outperforms altcoins as BTC surged past $68k

5 hours ago 2 mins read

Bitcoin (BTC) surpassed the overall cryptocurrency market performance, experiencing a 4.83% increase and reaching a value of $68,000. Prominent cryptocurrencies, including Solana (SOL), ether (ETH), BNB Chain (BNB), and Cardano (ADA), experienced an over-3% increase. Dogecoin (DOGE) experienced a 4% increase in value, whilst the memecoin popcat (POPCAT), which is built on the Solana blockchain, surged by over 9%. On the third day, there were more liquidations of ether products

Solana’s price surges by over 8%, from $165 to a high of $180

5 hours ago 1 min read

Solana (SOL) has garnered significant interest in the international crypto market as a result of the substantial increase in Bitcoin’s value and the news of the Ethereum Exchange-Traded Fund (ETF). Franklin Templeton, a well-known investment management company, is contemplating the submission of a Solana Exchange-Traded Fund (ETF), in line with the actions taken by VanEck and 21Shares. The price of Solana has surged by more than 8.48% in the last

A crypto analyst predicts Solana will surge above $1,000 soon

10 hours ago 1 min read

Ali Martinez, a crypto expert, foresees a substantial surge in the value of Solana (SOL), relying on past price trends and technical patterns. Martinez believes that SOL has the potential to surpass $1,000 in value. This belief is based on the observed resemblances between the recent movement of this altcoin and the pattern witnessed in 2021, which resulted in a remarkable spike. In 2021, the value of SOL underwent a

Toncoin Faces Potential Sell-Off and Significant Resistance

13 hours ago 1 min read

Toncoin (TON) has undergone a 12% decrease in value within the past six days, dropping below a significant threshold and failing to surpass it. The price is expected to stay below $7 in the upcoming days due to a decrease in the number of holders who are making profits, which is no longer at its earlier height. The In/Out of Money Around Price (IOMAP) indicates a substantial barrier to selling,

Grayscale Ethereum ETF sees over $1 billion in outflows since its debut

15 hours ago 1 min read

Grayscale’s Ethereum ETF (ETHE) lost over $1 billion in three trading days after its conversion, lowering assets under management from $9 billion to $7.4 billion. Inflows were led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $71 million and followed by Grayscale’s Ethereum Mini Trust (ETH), a spinoff of Ethereum Trust. Fidelity’s Ethereum Fund (FETH), Bitwise’s Ethereum ETF (ETHW), VanEck’s Ethereum ETF (ETHV), and Invesco/Galaxy’s QETH all saw inflows. A

Robert F. Kennedy Jr. doubles down on his support for bitcoin during the BTC 2024 conference

16 hours ago 1 min read

Robert F. Kennedy Jr., an independent contender for the US presidency, publicly endorsed Bitcoin during his speech at the BTC 2024 conference held in Nashville. He expressed his strong endorsement of Bitcoin and revealed that the majority of his money is invested in it. The topic of Bitcoin has been a highly debated issue throughout the presidential cycle, as the campaign of Republican contender Donald Trump announced in May that

Jersey City Mayor plans to allocate a portion of the city’s pension fund to Bitcoin ETFs

17 hours ago 1 min read

Mayor Steven Fulop of Jersey City has declared intentions to deploy a segment of the city’s pension fund towards Bitcoin exchange-traded funds (ETFs), indicating a notable change in the city’s financial approach to incorporating crypto. The pension fund is currently revising its documentation with the US Securities and Exchange Commission (SEC) to incorporate Bitcoin Exchange-Traded Funds (ETFs). This move aligns Jersey City with the Wisconsin Pension Fund, which allocated 2%

Asset manager VanEck says BTC’s price may reach $2.9 million by 2050

18 hours ago 1 min read

VanEck, an asset manager, predicts that Bitcoin’s price may reach $2.9 million by 2050, assuming high hurdles are cleared. The report suggests that Bitcoin will become an essential part of the international monetary system in the next few decades due to rising geopolitical tensions and ballooning debt servicing costs. Matthew Sigel, head of digital asset research at VanEck, believes that many of these distortions stem from a massive misallocation of

Trump campaign raises $3 million in crypto in Q2 2024, led by Winklevoss and Powell donations

23 hours ago 1 min read

The Donald Trump reelection campaign has garnered $3 million in contributions in the form of digital assets during the second quarter of 2024. This represents a notable shift from Trump’s previous portrayal of Bitcoin as a fraudulent scheme. The increase in fundraising occurs as Donald Trump strategically prepares for another presidential campaign, with the Trump 47 Committee receiving significant donations from prominent individuals in the Bitcoin sector. Cameron and Tyler

Over $380 million in BTC is to be liquidated if Bitcoin falls below $60K

July 26, 2024 1 min read

Bitcoin investors are expressing apprehension about a possible liquidation of $385 million in the event that the price drops to $60,000. The crypto market is currently undergoing a decline in prices and heightened instability, with a risk of traders being forced to sell their assets if the price drops below the $60,000 threshold. Roman Trading anticipates a decline in BTC to a level below $60,000 in the upcoming days, attributing