USD/CHF is struggling to extend the upside above 0.9280, upside seems favored amid the upbeat market mood. The US Dollar Index (DXY) has shifted its auction above 102.50 as Fed might not pause its policy tightening spell. A pullback move to near … [Continue reading]
Is there more upside to Dogecoin-killer Shiba Inu’s rally after 100% gain in 90 days?
Shiba Inu gained 100% against Dogecoin, hitting 0.00001638, up 100% within three months of hitting bottom at 0.00000993 in November. The sharp recovery of the Dogecoin pair came into focus with the impending launch of Shibarium, a Shiba-Inu … [Continue reading]
Justin Sun announces listing of FTX exchange’s debt asset FUD on Huobi Global
Justin Sun revealed that Samuel Bankman-Fried’s FTX exchange’s user debt has been tokenized to provide liquidity through FUD. The debt is in tens of millions of dollars and the early bird issuance on Huobi is at a discount, capped at 20 … [Continue reading]
Why Bitcoin is still in a bear market and what this means for BTC price?
Bitcoin performance suggests that the bottom might already be in, however analysts are waiting for a full year to pass since the 2022 bear market rally. Bitcoin on-chain flows show the amount of Bitcoin transferred from miner addresses to … [Continue reading]
What to expect from US CFTC’s landmark crypto enforcement in 2023
US Commodity Futures Trading Commission Chair Rostin Behnam revealed the agency’s ambition to bring landmark crypto enforcement in 2023. In a speech at the American Bar Association, Behnam emphasized the need for continued and thoughtful … [Continue reading]
Ethereum devs finalize fork on the Zheijang testnet, here’s what this means for ETH
Ethereum ecosystem developers have agreed to launch the Shapella fork on the Zheijang testnet on February 7. According to lead Ethereum developer Tim Beiko, the Sepolia testnet can be launched on Sepolia on February 9. Majority of … [Continue reading]
Bitcoin on-chain metrics show compelling signs of accumulation and continuation of BTC price rally
Bitcoin price sustained above the $23,000 level despite macroeconomic headwinds and profit-taking by traders. BTC price held steady above the $23,000 level breaking above the cost basis of its three key holder cohorts. From the on-chain … [Continue reading]
Alt season to propel Shiba Inu price next, here’s what SHIB holders can expect
Shiba Inu price has yielded 10% gains for holders since February 3 and broader crypto market downtrend after US Nonfarm Payrolls data release. The Dogecoin-killer’s long-term holders refuse to shed their SHIB holdings while short-term holders … [Continue reading]
AVAX price would be able to reclaim its six-month-old losses only if it can breach this level
AVAX's price is currently right at the cusp of breaching its immediate resistance at $21.47. If the altcoin flips $22.95 into a support floor, it could be able to rally on toward $25.94 and chart a 21% rally. Should the market lose its strength, AVAX … [Continue reading]
FTX founder Sam Bankman-Fried’s Emergent Fidelity files for bankruptcy, Robinhood shares fall into limbo
FTX bankruptcy proceedings will not include the $550 million worth of Robinhood shares, which remain seized by the Department of Justice. Emergent Fidelity only has about $20.7 million in cash at the moment, with no other assets. FTT price has been … [Continue reading]