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Analysts say Bitcoin’s recent weekend pump to $95,000 is eerily similar to the “Xi pump” in 2019. Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart….
Whale accumulation and Trump’s crypto reserve announcement are the positive factors pushing ETH prices up today. Ether (ETH) jumped 7% in 24 hours to around $2,350 on March 3, briefly topping $2,550 before profit-taking. Despite the rebound, it remains up 13% from its $2,075 low last week. ETH/USD four-hour price chart. Source: TradingView Multiple catalysts…
XRP, ADA and SOL rallied after President Trump’s post about a crypto strategic reserve. Will other altcoins latch on and rally too? Bitcoin (BTC) witnessed solid buying over the weekend as US President Donald Trump announced that Bitcoin, Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) would be included in a crypto strategic reserve….
Bitcoin price gains top 8% as a surprise from US President Trump sends crypto market valuations flying higher. Bitcoin (BTC) neared $93,000 on Mar. 2 as US President Donald Trump doubled down on a strategic crypto reserve. BTC/USD 1-day chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 8% in rare…
The Pectra upgrade aims to significantly reduce Ether selling pressure, potentially contributing to long-term price appreciation. Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin. The Ether (ETH) price fell over 32% during February, finding…
Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction. Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction. Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28,…
Institutional investor interest soars as Bitcoin options open interest hits record high. <p>Bitcoin (BTC) options open interest reached an unprecedented milestone, surging to a staggering $20.5 billion on Dec. 7. This remarkable achievement signifies the active involvement of institutional investors in the cryptocurrency space. Unlike futures contracts, BTC options come with predetermined expiration prices, offering…
On Sept. 22, one of Nansen’s third-party vendors suffered a security breach, which exposed the email addresses of 7% of the system’s users. Numerous users of the crypto analytics platform Nansen have received phishing emails from scammers pitching an “exclusive opportunity” to participate in the fictitious “Nansen Airdrop.” On Nov. 23, crypto community members on…
ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in…
Open interest on Bitcoin options recently hit a year-to-date high, but what is fueling this newfound bullish sentiment? The recent gains are a rare sight in 2023, even considering Bitcoin’s impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just…