[ad_1] Crypto strategist Michaël van de Poppe thinks that the digital asset market is a few weeks away from concluding its multi-month correction. The analyst tells his 722,800 followers on the social media platform X that September is a historically bullish month for crypto. According to Van de Poppe, altcoins are already flashing signs of life in their Bitcoin (BTC) pair. “The final weeks of pain are happening on the markets. From September onwards, it’s again the best period of the cycle for Bitcoin and crypto. BTC valuations are slowly grinding upwards already.” To support his bullish stance on altcoins,…
Author: dfrancis36
[ad_1] It’s already been a year since the launch of Shibarium took the meme coin niche and the entire crypto community by storm. Shibarium was launched on the Shiba Inu mainnet on August 16, 2023, after months of meticulous planning and development. Shibarium introduced new and practical use cases for SHIB and BONE, two of the most popular tokens of the Shiba Inu ecosystem, in a strategic effort to transcend its meme coin status and establish a more serious, utility-driven presence in the crypto space. Since then, Shibarium has registered various milestones. The value of SHIB has also become intertwined…
[ad_1] There are times when you should be in the market. Then there are times when you should be watching from the sidelines.The last two months are a good example of when you should be watching the crypto market from the sidelines. In our prior Altcoin Reports, we mentioned how we believed the summer months would continue to be bearish for the crypto market and we don’t see a trend reversal until at least mid to late September.To recap the last two months of the crypto market:Month of July 2024:During July we saw the continued downward trend from the prior…
[ad_1] The cryptocurrency industry has experienced a notable surge in activity among large holders, often referred to as “whales,” over the past few weeks. This level of engagement has been revealed through on-chain transaction data, which has shown multiple instances of large cryptocurrency movements to and from exchanges. Related Reading One cryptocurrency that has particularly stood out in this trend is Litecoin. Particularly, crypto market intelligence platform IntoTheBlock has revealed an uptick in Litecoin large transactions since the last week of July. In the past 24 hours, over $3.5 billion worth of Litecoin has been moved among large holders. Everyday,…
[ad_1] It appears now that Donald Trump’s financial landscape has changed drastically. He was a vocal critic of cryptocurrencies, but now he has large assets in Ethereum and other digital currencies. Recent disclosures reveal that Trump possesses between $1 million and $5 million in Ethereum alone. A change in his financial portfolio reflects a general transformation in his attitude toward the crypto world, which he used to describe up to now as a “scam.” Source: Arkham Intelligence Trump: Change Of Heart While being the president, Trump was never in reserve about his aversion to cryptocurrencies. He even warned that they…
[ad_1] Crypto investor Arthur Cheong says that “smart money” entities appear to be accumulating one well-established altcoin as of late. Cheong tells his 172,200 followers on the social media platform X that millionaire wallets are gobbling up the native token of the decentralized finance (DeFi) lending platform Aave (AAVE) amid a sharp decrease in the token’s supply on crypto exchanges. “The total supply of AAVE on exchanges have decreased by ~$18.4 million over the past 30 days Seeing a decent chunk of low 7 figs accumulation among some smart money wallets as well.” Source: Arthur Cheong/X At time of writing,…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] According to the latest data, the world’s largest asset manager BlackRock has added another feather to its cap, becoming the company with the largest crypto exchange-traded fund (ETF) holdings. Here’s How BlackRock’s ETFs Compare To Grayscale’s Funds Crypto intelligence platform Arkham revealed in a post on X that BlackRock has usurped Grayscale to become the asset management firm with the largest crypto ETF holdings. Data from Arkham shows that BlackRock’s exchange-traded funds boast $21,217,107,987, while Grayscale’s ETFs has $21,202,480,698 worth of crypto assets under management (AUM). The trillion-dollar asset manager was able to take this position with its two…
[ad_1] Nasdaq and NYSE have reportedly shelved plans on Bitcoin ETF options, proving a massive dampener for all those investors looking for more accessible cryptocurrency trading. This comes in as both the exchanges have called back their applications meant to list and trade options based on Bitcoin ETFs. In a move that we could say is surprisingly not what most people expected, a debate on whether options trading in this terrain has been stirred in the crypto community. Regulatory Hurdles The landscape of regulation has been pretty much constant in terms of a challenge for crypto innovation. It has taken…