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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
Mar / 23
- Bitcoin Long-Term Holders: Preparing for a Cash-Out or Market Peak?
- Mar 23, 2024 at 09:00 am
- Bitcoin's long-term holders (LTHs) have been distributing their coins, a trend historically associated with market peaks. Glassnode's "LTH Market Inflation Rate" metric, which measures the annualized rate of Bitcoin accumulation or distribution by LTHs relative to daily miner issuance, has been increasing recently, suggesting that LTHs are selling. While the rate has not yet reached significant levels, Glassnode indicates that we are in an early phase of a distribution cycle, suggesting potential price tops in the future.
- WisdomTree Secures NYDFS Trust Company Charter, Bolstering Digital Asset Leadership
- Mar 23, 2024 at 09:00 am
- WisdomTree has received a trust company charter from the New York State Department of Financial Services (NYDFS), allowing it to operate as a limited-purpose trust company under the New York Banking Law. This enables the company to provide fiduciary custody services for digital assets, issue and exchange DFS-approved stablecoins, and manage stablecoin reserves.
- Crypto Market Fluctuations: Bitcoin Corrects, Solana Resists, Furrever Token Surges
- Mar 23, 2024 at 09:00 am
- Amidst market fluctuations, Bitcoin (BTC) and Solana (SOL) face declines, while Furrever Token (FURR) surges ahead, reaching a 50% milestone towards its $1 million target. Bitcoin experiences a 3.5% dip, Solana a 8% drop, reflecting market volatility. Conversely, FURR stands out with a remarkable 50% gain, highlighting the diverse opportunities and challenges in the cryptocurrency landscape, inviting investors to navigate the highs and lows in pursuit of potential gains.
- Are 'Crabs' and 'Fishes' the Fuel Behind Bitcoin's Soaring Rally?
- Mar 23, 2024 at 09:00 am
- Amidst Bitcoin's surge above $70,000, smaller holders known as "crabs" (1-10 BTC) and "fishes" (10-100 BTC) are actively accumulating, while even smaller holders (0-1 BTC) are joining the trend. This accumulation, along with concentration among mid-tier investors, could potentially lead to more centralized control over the market. However, challenges remain, as the Bull-Bear Market Cycle Indicator suggests potential overheating, and significant holders and miners are intensifying selling activities.
- Dogecoin Surges to $1? Crypto Analyst Predicts 550% Gain
- Mar 23, 2024 at 09:00 am
- A crypto analyst predicts Dogecoin surges as he boldly anticipates a gain of over 550%, aiming for the coveted $1 mark. DonAlt, a prominent pseudonymous analyst, bases his bullish outlook on technical analysis, highlighting the coin's recent dip into support on the BTC chart. This observation suggests a strong foundation for DOGE's potential to make significant gains.
- Render (RNDR) Earns Neutral Rating from InvestorsObserver, Showing Stability in Volatile Market
- Mar 23, 2024 at 08:53 am
- Render (RNDR) earns a Neutral rating from InvestorsObserver on Saturday. The digital asset has climbed 1.67% to $10.92, outperforming the broader crypto market's 0.43% gain. Over the last five days, Render's Sentiment Score has been assessed as Neutral, reflecting its recent price and volume performance. This rating serves as a snapshot of the crypto's short-term momentum, providing insights for both short-term traders and long-term investors.
- Ethereum Classic Stays Steady, Poised for Growth
- Mar 23, 2024 at 08:52 am
- Ethereum Classic (ETC) exhibits moderate volatility compared to other cryptocurrencies, ranking in the bottom 31% in terms of price fluctuations. Despite this volatility, ETC's low Risk/Reward Gauge indicates strong protection against price manipulation. As of Saturday, ETC has experienced a 1.63% gain to $30.17, positioning it favorably with support at $28.59 and resistance at $30.75, leaving room for further growth before encountering significant selling pressures.
- Cosmos: A Long-Term Investment Worth Considering
- Mar 23, 2024 at 08:52 am
- Cosmos has an average long-term technical score of 62, indicating a neutral stance among traders. This score is based on historical price movements, support and resistance levels, and the coin's position relative to long-term averages. ATOM's current price is above its 100-day moving average and 52-week low but below its 52-week high, contributing to the average score. With a market capitalization of over $4.5 billion and a high average daily trading volume, ATOM remains a significant player in the crypto market.
- Caution, Investors! InvestorsObserver Warns of Elevated Risk Associated with Dimecoin
- Mar 23, 2024 at 08:47 am
- Dimecoin (DIME) has been assigned a high-risk rating by InvestorsObserver due to its low trading volume and market capitalization, which suggests the potential for easy manipulation. This risk assessment is based on the proprietary scoring system, which analyzes the amount of money needed to move the price over the past 24 hours in conjunction with volume and market capitalization changes.
- Sui: Moderate Risk Investment with Stable Price Action
- Mar 23, 2024 at 08:42 am
- Sui's risk analysis score, determined by InvestorsObserver's proprietary system, indicates a moderate risk level. This score considers price manipulation susceptibility, incorporating data on price movement, volume fluctuations, and market cap changes over the past 24 hours. A score between 0 and 100 is assigned, with lower values representing higher risk and vice versa. Sui's average risk rating suggests investors should consider their risk tolerance before investing.
- Scholarship Coin (SCHO) Earns Neutral Rating from InvestorsObserver
- Mar 23, 2024 at 08:38 am
- Scholarship Coin (SCHO) maintains a neutral rating from InvestorsObserver as of Saturday. SCHO has experienced a 0.04% increase, reaching $0.000650 while the broader crypto market observes a 0.24% gain. The Sentiment Score, based on volume and price movement over the previous five days, assigns Scholarship Coin a Neutral rating. This metric offers a quick glimpse into the recent performance of the cryptocurrency, catering to both short-term investors seeking market swings and long-term investors looking for opportune buying moments.
- InvestorsObserver Gives Venus USDT Green Light With Low Risk Rating
- Mar 23, 2024 at 08:38 am
- InvestorsObserver assigns Venus USDT (vUSDT) a low risk assessment, indicating it is a relatively safe investment. This score is based on a proprietary analysis that evaluates the amount of money needed to move the price of the cryptocurrency over the past 24 hours, considering changes in volume and market capitalization. A low score indicates high risk, while a high score indicates low risk, on a scale of 0 to 100.
- Weak Long-Term Technical Score for ZUM Token Raises Concerns for Long-Term Investors
- Mar 23, 2024 at 08:37 am
- ZUM TOKEN's long-term technical score of 3 indicates a weak investment opportunity. This score is based on the token's trading patterns over the past several months to a year, considering consistency, volatility, and its position relative to long-term averages. ZUM currently ranks higher than only 3% of crytpocurrencies in terms of long-term technical analysis.
- Solana Community Condemns Spike in Offensive Memecoins
- Mar 23, 2024 at 08:37 am
- Solana's community has denounced a surge in inflammatory memecoins with racist and antisemitic names. DEX Screener, a token monitoring service, is reviewing its policies after the influx of offensive content. The trend has diminished, with backlash memecoins emerging. The crypto industry's memecoin frenzy, fueled by BONK and WIF, has made Solana a hub for memecoin trading due to its low costs and fast transactions. Over 20,000 new tokens are created daily on Solana, with the majority of top trending cryptos on DEX Screener circulating on the network.
- ARK Invest CEO: Bitcoin as "Financial Superhighway" for Emerging Markets Amid Global Turmoil
- Mar 23, 2024 at 08:30 am
- Ark Invest CEO Cathie Wood hailed Bitcoin as a "financial super highway," particularly crucial in emerging markets facing economic headwinds. She emphasized the protective and growth potential of Bitcoin in nations like Nigeria, where local currencies are depreciating. Ark Invest, led by Wood, demonstrates its interest in cryptocurrency through its ARKB spot Bitcoin ETF. Against a challenging macroeconomic landscape, Wood suggests that Bitcoin's appeal is surging in emerging markets, potentially driving its price to new heights, although she refrains from specifying a revised target price, maintaining her previous $1.5 million valuation forecast.
- Long-Term Bitcoin Holders Drive Distribution Patterns, Signaling Market Top
- Mar 23, 2024 at 08:30 am
- Glassnode's analysis suggests that Bitcoin's price tends to reach a potential top when long-term holders (LTHs) show a pattern of sustained distribution. By tracking the "LTH Market Inflation Rate," which measures the annualized rate of Bitcoin accumulation or distribution by LTHs relative to daily miner issuance, Glassnode observes that historically, price peaks have occurred when LTH distribution has peaked. The current trend indicates an early phase of a distribution cycle, with about 30% completed, suggesting significant activity ahead before a potential market equilibrium point and price top.
- InvestorsObserver Flags SENSO as High Manipulation Risk
- Mar 23, 2024 at 08:28 am
- InvestorsObserver assigns SENSO a high risk assessment based on its proprietary scoring system. This system gauges the susceptibility of a crypto asset to manipulation by evaluating price movements, volume changes, and market capitalization. A low score indicates high risk, while a high score represents low risk, with the range spanning from 0 to 100. SENSO's current risk rating suggests caution for investors concerned with market volatility and potential manipulation.