Crypto Push

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2024-03-18 15:00:03 Bitcoin Bulls Eye $100K in April, but Ethereum Looms

Bitcoin's meteoric rise continues, with a staggering 56.8% surge in Q4 2023 and another +60% in Q1 2024. Fred Krueger, a seasoned investor and Bitcoin maximalist, sees $90K - $100K on the horizon by April.

Long-term, Krueger's sights are set even higher, with projections of $200K - $1M by the next halving cycle in 2028. But his ultimate vision? A future where Bitcoin reigns supreme, with targets of $10M - $20M within the next few decades.

However, there's a potential hurdle: Ethereum. With its programmability and real-world asset tokenization capabilities, Krueger believes it poses a significant risk to Bitcoin's dominance.

On the regulatory front, Krueger remains unfazed. He points to the widespread accessibility of BTC through ETFs and suggests that criminalizing them would be a tough sell for the US government.

Just as it weathered the storm of China's ban in 2020, Bitcoin has proven its resilience time and again. With bold predictions and potential challenges ahead, the crypto king shows no signs of slowing down.

Disclaimer: This article is not financial advice; please do your own research before making any investment decisions. Open / Comment

2024-03-15 17:00:22 Crypto Market Crash: What It Means for Your Holdings

Bitcoin Takes a Hit: Bitcoin [BTC] has seen a sharp decline of nearly 10% in the past day, hitting a low of $67,000. The trading volume surged, indicating increased selling pressure.

Long Liquidations Surge: The drop in Bitcoin's price led to over $90 million in long positions being wiped out as traders were forced to exit their positions due to insufficient funds.

Futures Open Interest Climbs: Despite the decline, Bitcoin's futures open interest continued to rise, reaching $37.25 billion. Positive funding rates suggest investors remain optimistic about a future rally.

Ethereum Bears Emerge: Ethereum [ETH] follows Bitcoin's lead with a 7% drop, signaling a potential bearish trend. Technical indicators like MACD and RSI point towards increased selling pressure and declining accumulation.

Profit-Taking on ETH: Exchange reserves of Ethereum saw a 1% increase, indicating profit-taking activity and a decline in demand for the coin.

As the market experiences turbulence, it's crucial to stay informed and adapt your investment strategy accordingly. Keep an eye on these indicators as you navigate the crypto storm! Open / Comment

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2024-03-12 18:00:01 Ethereum ETF Odds Drop to 35%: Will May Bring Approval or Disappointment?

The silence from the SEC has cast a shadow of doubt over the eagerly anticipated approval of Ethereum exchange-traded funds (ETFs). With May just around the corner, hopes are fading.

Bloomberg's Eric Balchunas, a trusted ETF analyst, has sounded the alarm, slashing the odds to a mere 35%. He points out that the signs that made Bitcoin bulls optimistic aren't present this time.

Influencers are divided. Some share Balchunas' concerns, highlighting the SEC's lack of engagement with issuers and Chair Gensler's cautious stance on Ether as a potential security.

Others, like Nate Geraci of ETF Store, are left scratching their heads, searching for logical explanations behind the SEC's mysterious silence.

Matt Corva from ConsenSys sees a silver lining in denial, suggesting it could strengthen Ethereum's position against other cryptocurrencies in the long run.

As Coinbase and Grayscale engage in talks with the SEC, all eyes turn to the critical juncture of the U.S. election day. While uncertainties loom large, Balchunas remains cautiously optimistic about eventual approval for spot Ether ETFs. Open / Comment

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2024-03-09 17:00:50 DOGE Price Prediction: To the Moon at $1?

Dogecoin, the meme coin that keeps surprising everyone, is making waves again. With a 20% surge in the past week and a 3% jump in just 24 hours, DOGE is catching investors' attention.

At the moment, DOGE is trading at $0.1706, boasting a market cap of over $24.4 billion. Impressive numbers for a coin that started as a joke!

While market sentiment seemed bearish recently, with less social chatter and lower trading volume, derivatives data tells a different story. The buying pressure is still strong.

Looking back at history, DOGE has shown patterns before. Crypto analyst Ali points out that when DOGE breaks free from its parallel channels, it tends to go on a bull run. If this trend continues, we might see DOGE reaching $1 by mid-April.

Of course, we can't ignore the warning signs. The RSI indicator suggests that selling pressure could increase, potentially halting DOGE's rally.

In this unpredictable crypto world, anything can happen. But with all eyes on DOGE and the stars aligning for another surge, who knows? Maybe we'll be seeing that $1 mark sooner than we think! Open / Comment

2024-03-08 18:00:21 $1 MILLION AIRDROP ANNOUNCEMENT!

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2024-03-06 18:00:21 SEC's Lawsuit Delivers a Crushing Blow: Binance US on the Ropes

Binance US Bleeds Jobs, Trading Slumps
The SEC's legal onslaught has left Binance US reeling, shedding 200 employees and suffering a "near-mortal blow" to its operations, as revealed by COO Christopher Blodgett. Trading volumes have plummeted, with market makers fleeing the scene.

Trading Activity Tanks
Once a trading powerhouse with daily volumes surpassing $500 million, Binance US now languishes in the range of $10-30 million per day. The legal turmoil has taken its toll, leaving scars on the exchange's reputation and bottom line.

Legal Battle Rages On
The SEC's accusations of securities law violations and misappropriation of assets have turned the courtroom into a battleground. The regulator accuses Binance US of stonewalling their inquiry, while the exchange claims to have gone "above and beyond" in cooperation.

Nigeria Shuts Its Doors
As if one battlefield wasn't enough, Binance faces another front as it bows out of Nigeria due to mounting regulatory pressure. This move deals a blow to the country's burgeoning crypto market, leaving traders searching for new platforms.

In the face of these challenges, Binance US finds itself at a crossroads, desperately fighting to regain lost ground while navigating treacherous legal waters. Will it sink or swim? Only time will tell. Open / Comment

2024-03-03 19:00:30 XRP Bulls Unite as XRPL Soars with 2.1.0 Upgrade!

Ripple's tech guru, David Schwartz, rallies the troops! Validators and node operators of the XRP Ledger (XRPL) are urged to embrace the latest upgrade, version 2.1.0, before the 5th of March.

What's in Store with 2.1.0? Bug fixes, turbocharged performance, and not one but two exciting new amendments up for a democratic vote!

Amendments: The XRPL Evolution Amendments are like fresh spices for transaction processing, adding zing to the ledger's capabilities.

80% Rule Reigns Supreme Amendments need solid backing from over 80% of trusted validators to make it into the game. If support wanes, it's back to the drawing board.

50% Upgraded and Counting! The good news? Over half of the validators have already embraced the future with 2.1.0, according to XRPSCAN data under AMBCrypto's watchful eye.

XRPL Transactions Take a Dip After a roaring end to 2023 with nearly 7 million transactions on New Year's Eve, daily counts have dwindled to a modest 789k by March 2nd.

XRP Flexes Its Muscles at $35B As the sixth-largest crypto on CoinMarketCap, XRP is no shrinking violet. The recent upgrade has given it a boost, with gains of 8.51% in just 24 hours and a weekly return of 17%.

Green Portfolios Make Waves XRP's lackluster performance had some worried, but this rally has turned heads. Speculation heats up as Open Interest in XRP futures skyrockets to $839 million, as per Coinglass' data analyzed by AMBCrypto.

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With XRPL's upgrade and XRP's newfound bullish strength, it's an exciting time for Ripple enthusiasts. Keep those eyes peeled for more crypto thrills on the horizon! Open / Comment