Institutional investors bought $38.7 billion worth of the spot bitcoin exchange-traded funds in the fourth quarter, filings with the Securities and Exchange Commission revealed.
"At this point, memecoins are synonymous with 'pump and dump' schemes," says FRNT Financial.
The last hurdle for MSTR to qualify for the S&P 500 is to achieve positive GAAP net income over the trailing 12 months.
The bank's clients are likely involved in the basis trade, rather than making a directional bet, said an analyst.
Bitcoin printed a “god candle” to all-time highs in what traders said was a good start to an “interesting week.”
As an experiment, Cointelegraph asked two different AI models, OpenAI’s ChatGPT and xAI's Grok, to predict how XRP price could be affected by a spot ETF approval.
XRP’s market cap has climbed to the 3rd spot among top cryptocurrencies by market cap and surpasses asset manager BlackRock.
XRP price continues to show strength versus the wider crypto market and data indicates the altcoin’s potential to move higher, possibly into double digits.
A classic Bitcoin price technical indicator suggests BTC’s price will peak within six months, while more downside could be expected in the short term.
XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
A widely used Bitcoin technical analysis indicator suggests that BTC is on the verge of a “walk up” toward new all-time highs.
Dogecoin’s next possible stop is $0.50 and above. Especially if a historical price fractal fails to play out.
Memecoins underperform the wider crypto market after double-digit daily losses surpass the sell-off in BTC and ETH.
Tron "god candle" appears as TRX price soars 70% in 24 hours to hit a new all-time high of $0.45 and re-enter the top 10 cryptocurrencies.
LINK gained 27% in a single day after announcing the integration of an EU-based tokenized asset service, which resulted in a massive surge in user activity.
CryptoQuant CEO Ki Young Ju says altseason is no longer determined by a capital rotation from Bitcoin but by a surge in altcoin trading volume for stablecoin pairs.
Solana’s monthly DEX volume surpasses $100 billion for the first time, fueled by high network activity and the memecoin frenzy.
The crypto market could be getting ready to enter the highly anticipated altcoin season. As the market rides the bull wave spearheaded by Bitcoin, a crypto analyst has identified the current phase of the market using the Wyckoff Cycle. This analysis suggests that altcoins are preparing for a “parabolic run” that could kickstart the onset of the altcoin season. Related Reading: Bitcoin To $800K? Galaxy Digital CEO Unveils Bold 5-10 Year Forecast Wyckoff Cycle Reveals What Phase The Current Market Has Entered A crypto technical analyst identified as EtherNasyonal has shared a chart of the crypto total market cap, excluding Bitcoin. In this chart, the Wyckoff cycle, a widely used framework for understanding market behavior and trends, can be seen. The chart showed four distinct market phases — Accumulation, Mark up, Distribution, and Mark down. The accumulation phase is the period when smart money begins buying assets at lower prices, and prices consolidate as selling pressure reduces. Once the accumulation phase completes, the Markup phase begins, where prices break out of the consolidation range and begin an uptrend driven by increased demand. The next phase, the Distribution stage, is characterized by selling pressure, where smart money begins selling its holdings, leading to price corrections or stabilization. After this stage, the Markdown phase starts, where selling pressure overwhelms demand, triggering a downtrend. Based on these unique phases, the crypto analyst has revealed that the market is currently in the Mark up phase, highlighted by an increase in the prices of various cryptocurrencies. By 2025, 2026, and 2027, the total market is expected to enter a re-accumulation phase, another mark up phase, and a distribution phase, respectively. The right side of the chart also shows a continuation of these distinct market phases, with 2027 to 2030 set to witness an accumulation, mark up, and distribution stage. Here’s When The Altcoin Season Could Begin Based on EtherNasyonal’s Wyckoff cycle chart, the altcoin season is set to commence, with altcoins already preparing to experience a parabolic run. The altcoin season is a period when cryptocurrencies, excluding Bitcoin, experience significant price increases and often outperform Bitcoin significantly. Based on the past bull market, the altcoins that led the previous altcoin season include Ethereum, Cardano, Solana, and others. The crypto analyst has revealed that the altcoin season will begin after the reaccumulation phase in the Wyckoff crypto market chart. The reaccumulation phase is set to take place in 2025, following the Mark up phase in 2024. Related Reading: Solana Rising: Key Metrics Hint At Serious Ethereum Competitor In this reaccumulation phase, the analyst expects altcoins to experience an epic rise that could lead to a strong and bullish altcoin season. The Bitcoin price performance is also set to influence this anticipated altcoin season, as a Bitcoin bull run has historically preceded past altcoin seasons. Moreover, as the market sees a decrease in Bitcoin’s dominance and increased demand for altcoins, this could signal that the altcoin season may be imminent. Featured image from Pexels, chart from TradingView
XRP price staged a double-digit rally as traders opened new positions in expectation of a crypto-friendly Trump administration.
Analysts say a “higher than normal influx of stablecoins to exchanges is just one sign that traders are preparing for the next leg of the Bitcoin rally.
PEPE hits new highs following several major exchange listings.
Surging activity in onchain and derivatives metrics suggests that Solana’s bullish momentum is set to continue.
Ether price and network fundamentals are showing momentum, increasing the chance of a rally to $4,000.
Stablecoin inflows to exchanges spike and Bitcoin price hits a new all-time just below $77,000 as investors prepare for a new crypto era under Trump’s presidency.
Trump’s election win sparked a surge in searches, indicating increased retail investor interest in the digital asset.
The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.
Crypto traders, market analysts and several metrics suggest that an "altcoin season" is about to begin as Bitcoin price challenges new highs.
Despite this week’s sell-off, onchain and technical data highlight an encouraging shift in the Bitcoin market.
In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has gradually declined. The top 200 equal-weight index (EWI) shows that the leading 200 cryptocurrencies by market cap have experienced a 55% pullback over the past six months. Despite this downward trajectory, Coutts believes the risk/reward ratio is favorable for adding select digital assets at current levels. Related Reading: Ethereum ETFs Launch About To Kickstart The Altseason? Analysts Weigh In Coutts highlighted the steep surge in the alt season indicator, a data point that measures the degree by which altcoins outperform Bitcoin (BTC). However, this rise is not accompanied by a sustained Bitcoin rally, which requires its price to be above its all-time-high (ATH) value. As a result, the upward-moving altseason indicator may be short-lived. Still, Coutts suspects the market is “in the final throes of the bearish thrust.” The analyst emphasized that even when altcoins outperform BTC in terms of price, investing in them may not always be wise if they are still in a downward trend. Coutts recalled a similar situation in 2022, during the collapse of the FTX exchange. He suggests that the ideal time to invest in altcoins is when they are trending upward not only on the absolute price chart but also on the relative price chart. This Indicator Must Hit 45% For Bull Market To Resume According to Coutts, one key metric to determine whether the market has entered bullish territory is the percentage of digital assets above their 200-day moving average (MA). Currently, only 11% of digital assets are above the 200-day MA. For a bull market to resume, at least 45% of digital assets must be above this level. For the uninitiated, the 200-day MA is a technical analysis indicator that represents the average price of an asset over the past 200 trading days. Traders and analysts use it to identify the long-term trend of an asset, including digital assets like BTC. Related Reading: Altcoins Season: Analyst Predicts 2x Surge Post-Bitcoin Rally Despite the recent market downturn, certain fundamental metrics within the crypto ecosystem, such as daily active users (DAU), daily transactions, and network value-to-fee ratio, have increased in the past six months. Further, daily fees are down 84%, a decrease that can be attributed to the implementation of EIP-4844, which slashed transaction fees for Ethereum (ETH) ecosystem users. Coutts added that a bull market could be on the horizon when prices and fees begin to trend upward together. “We’re not there yet, but prices will lead, and fees will naturally follow,” he noted. As of press time, the total crypto market cap, excluding BTC, is $879.676 billion. Featured image from Unsplash, Charts from x.com and Tradingview.com
Solana needs to hold above the crucial $120 support to avoid a potential correction below $100, according to market analysts.