Share: Gold (XAU/USD) has risen along with geopolitical risks and expectations of US rate cuts. Strategists at ANZ bank analyze the yellow metal’s outlook. Central bank Gold purchases rose Heightened geopolitical risks should support haven … [Continue reading]
WTI trades with modest losses around $73.00 mark, downside potential seems limited
Share: WTI Oil prices remain under some selling pressure for the second straight day on Monday. Concerns over a near-term slowdown in demand continue to undermine the black liquid. Fears of supply disruptions in the Middle East could lend support … [Continue reading]
Grayscale’s Bitcoin sale unlikely to have driven BTC price lower, profit taking is likely driver
Share: Grayscale sold above 60,000 BTC while other Bitcoin ETF issuers have purchased over 72,000 BTC. Grayscale’s Bitcoin sale is unlikely to have driven the BTC price lower. Profit-taking by large wallet investors and traders is … [Continue reading]
Dogecoin volume and social dominance hits 2024 peak as X launches dedicated payments account
Share: Dogecoin on-chain metrics volume and social dominance have hit the highest level in 2024. DOGE price declined by nearly 2% in the past 24 hours after offering nearly 7% gains to holders. DOGE price plummeted to $0.0870 on January 21 on … [Continue reading]
Justin Sun withdraws $60 million in Ethereum, AAVE, SHIB, LINK among other assets from Binance
Share: Justin Sun withdrew $60 million from Binance in Ethereum, AAVE, SHIB, LINK, FLOKI, MANA and BAND. Sun’s massive crypto withdrawals have fueled anticipation among traders amidst the decline in Bitcoin and Ethereum. Altcoin season … [Continue reading]
Coinbase is 70% likely to win motion to dismiss SEC lawsuit, says Bloomberg analyst
Share: Coinbase is working on the dismissal of the SEC’s lawsuit accusing the exchange of selling unregistered securities. Bloomberg analyst Elliot Stein believes Coinbase is 70% likely to win the motion to dismiss the regulator’s … [Continue reading]
Ripple responds to SEC filing, argues the regulator is asking for irrelevant information
Share: Ripple responded to the US SEC’s filing on January 19. The payment giant is arguing against the SEC’s need for more information, stating that it is irrelevant. Ripple’s lawyers challenge the SEC’s motion to compel and say new … [Continue reading]
Shiba Inu price eyes 12% gains as Shibarium inches closer to new milestone
Share: Shiba Inu Layer 2 chain Shibarium’s transactions inch closer to the 300 million milestone. Shiba Inu price yielded 8% monthly and nearly 3% weekly losses for holders. Shibarium noted a 5% spike in accounts on the chain in the … [Continue reading]
Bitcoin whales rise in numbers signaling strong confidence in BTC rally or positioning for profit taking
Share: Bitcoin whale addresses holding over 1,000 BTC noted an uptick, reaching its highest level since August 2022. The massive spike in large wallet addresses either signals whales’ confidence in BTC price or an upcoming shift in Bitcoin … [Continue reading]
Coinbase CEO defends JPMorgan CEO Dimon, who called Bitcoin a “pet rock”
Share: JPMorgan CEO Jamie Dimon took a dig at Bitcoin recently, calling it a tool for “sex trafficking and tax avoidance”. ARK Invest’s CEO Cathie Wood addressed this, voicing her disappointment towards Dimon and stating he needs to learn from … [Continue reading]