Author: BNN Staff Writer

The past week was largely defined by the Bitcoin price climbing above $45,800 for the first time in over 20 months, marking a great start to the year. However, the premier cryptocurrency soon experienced a sharp price pullback due to negative news about the BTC spot (ETF).  Interestingly, the latest on-chain data has revealed that investors seem not to have completely lost faith in Bitcoin, the largest cryptocurrency by market capitalization. $2.5 Billion Flows Into Crypto Market Following Bitcoin Crash In a post on the X platform, crypto analyst Ali Martinez has offered on-chain insight into the aftermath of the…

Read More

Bitcoin (BTC) began 2024 on a positive note gaining by 3.18% in the first week of the year, according to data from CoinMarketCap. The premier cryptocurrency is expected to herald in a bull crypto season, with many investors expecting immediate approval of Bitcoin spot ETF proposals by various asset managers.  However, regardless of the decision of the US Securities and Exchange Commission (SEC) in the next few days, crypto analyst Ali Martinez believes Bitcoin is still poised for massive gains in 2024 as there is another bullish factor in play.  Bullish 2024 For Bitcoin With Or Without ETF Approval –…

Read More

Meme coins PEPE (PEPE), Dogecoin (DOGE), and Shiba Inu (SHIB) are expected to stumble out of the gate in 2024, falling out of favour behind newer, more exciting projects like Pushd (PUSHD). The latter is poised to overtake PEPE, DOGE, and SHIB in 2024 after selling out of its first-stage presale token allocation within days of its launch.Moreover, over 8,000 interested presale registrants have already joined the Pushd presale within 5 days since announcing its launch, showing how much traction the project is gaining ahead of big-cap meme coins like SHIB, PEPE, and DOGE. Here’s why.Can PEPE (PEPE) Bounce Back? PEPE…

Read More

An analyst has explained that the outlook for Bitcoin should remain bullish as long as the cryptocurrency’s price remains above this level. Bitcoin Has Strong On-Chain Support Above $41,800 In a new post on X, analyst Ali talked about the various BTC support and resistance levels from an on-chain perspective. In on-chain analysis, the strength of any support or resistance level depends on the amount of Bitcoin that the investors bought at said level. The chart below shows what the distribution of the different BTC price ranges currently looks like based on the concentration of holder cost basis that they…

Read More

Following the breakout of the prominent weekly resistance trendline, the SHIB price takes a short stroll above the $0.00001025 level. However, the overhead supply force quickly leads to a retest phase in the first week of January 2024.With a possibility of a bullish failure due to the market-wide fall, Shiba Inu stands at a pivotal trend for the 2024 decisive point. On a positive note, our long-term Shiba Inu price prediction hints at a triumphant bull run for meme coins in 2024. Source: TradingviewIn the weekly chart, the high volume breakout trend takes a U-turn and loses dominance over the $0.000010…

Read More

As the Bitcoin price has regained previously lost territory, following reports suggesting that the US Securities and Exchange Commission (SEC) would reject the long-awaited Bitcoin spot exchange-traded funds (ETFs), new developments have reignited hopes among investors.  Although the approval of these index funds is not expected to occur on Friday, sources indicate that the upcoming week may bring positive news.  ETF Approval To Drive Gradual Bitcoin Price Surge To $500,000 FOX journalist Eleanor Terret reports that amended 19b-4 filings and last-minute phone calls regarding comments on S-1s and possible launch dates are expected in the coming days.  While approvals seem…

Read More

Fox journalist Eleanor Terrett has hinted at upcoming investigations related to XRP and Ethereum. Her focus stems from discussions within the crypto community, particularly centering on a 2021 proposal by Jimmy Vallee. Vallee suggested that the U.S. Federal Reserve might buy back XRP tokens at an ambitious $30,000 each.Ethereum’s History Under ScrutinySteven Nerayoff’s allegations about Ethereum and its DAO hack have caught attention. Vallee has called for these matters to be highlighted on Fox. Digital Asset Investor also supports the idea of discussing the Ethereum DAO hack on Fox, suggesting it might be portrayed as an inside job.Terrett’s remarks also…

Read More

Arbitrum, a prominent Layer-2 (L2) scaling solution, has been on a remarkable upward trajectory since the launch of its native token, ARB, in March 2023. The past 30 days witnessed a staggering 74% surge in ARB’s value, underscoring the growing market interest in the protocol. Notably, Arbitrum’s daily decentralized exchange (DEX) volume has experienced a significant surge, propelling the protocol to surpass Ethereum (ETH) for the first time in this key metric.  This milestone highlights Arbitrum’s increasing adoption and recognition for its scalability within the decentralized finance (DeFi) ecosystem. Arbitrum Sets New DEX Records According to data from DefiLlama, Arbitrum’s…

Read More

Senior ETF Analyst for Bloomberg, Eric Balchunas, recently shared a crucial update on the pending approval of spot Bitcoin ETFs. According to Balchunas, three sources have indicated that the final S-1 amendment forms are likely to be filed by 8 am on Monday. This marks a significant step as the SEC aims for a simultaneous launch on January 11th. Balchunas’ post is in response to Nate Geraci’s suggestion that the ’19b-4s’ can now be submitted, signaling that the launch is imminent.Yeah it’s basically done. Latest I’m hearing (from multiple sources) that final S-1s are due 8am on Monday as SEC…

Read More

John Bollinger, a legendary Bitcoin (BTC) trader known for creating the Bollinger Bands strategy, has recently shared an optimistic view on Bitcoin’s future. Bitcoin Poised For Further Surge? In a post on X, John suggest that Bitcoin’s price is likely to “break higher” from its current levels. This prediction is based on his analysis using the Bollinger Bands chart, a popular technical analysis tool he developed. For context, Bollinger Bands are a type of statistical chart characterizing the prices and volatility of an asset over time. They consist of a set of three lines: the middle line typically represents the…

Read More