One of the main crypto headlines today involves Franklin Templeton seeking regulatory approval for a Bitcoin ETF. Financial services company Franklin Templeton filed an application on Tuesday for a Bitcoin exchange-traded fund (ETF), the latest major firm looking to bring a crypto ETF to market. Given the latest developments on crypto-related ETFs, what are the…
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Joining the broader cryptocurrency market uptrend today, Render Token (RNDR) has exhibited bullish price action for most of the day. The RNDR price touched its 50-day moving average for the first time in almost two months earlier today. However, selling pressure has once again pushed the cryptocurrency back to its familiar consolidation resistance zone of…
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Bitcoin has bounced back after briefly falling below $25,000 on Monday, suggesting bullish sentiment may remain intact for the leading cryptocurrency. According to data from TradingView, Bitcoin dipped to $24,901 Monday before recovering to close the day at $25,162. Crypto traders say this dip likely triggered buying interest around $25,000, which then spurred a price…
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Major cryptocurrencies saw declines on Monday following an announcement by bankrupt crypto exchange FTX detailing its holdings as of August 31. Bitcoin fell to lows around $25,000, while Ethereum dropped below $1,560 in trading on Monday. Other major cryptocurrencies like Binance Coin and XRP also saw drops of 3.57% and 5.87% respectively. In response to…
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Bitcoin recently experienced a huge influx of new addresses being created on its network even as its price continued to decline, according to data analyzed by crypto market expert Ali Martinez. Martinez found that over 717,000 new Bitcoin addresses were generated on September 9, marking the largest single-day surge in new wallet addresses for the…
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A standout story in today’s crypto news reports hails from Turkey, where the former CEO of the now-folded Turkish cryptocurrency exchange Thodex has been sentenced to over 11,000 years in jail. Faruk Fatih Özer, who founded Thodex in 2019, received a staggering 11,196-year sentence along with his two siblings and a $5 million fine. In…
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Bitcoin Cash (BCH) has been treading a downward path since its brief surge in August. After an 18% leap on August 29, BCH has been unable to keep the rhythm, falling below significant EMAs and retreating back to the trading range it has seen since August 17. BCH’s 20-day EMA is currently $199.5, a beat…
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Meme coins like Shiba Inu and Dogecoin have long captured the attention of the crypto community, but now they’re drawing attention from a wider audience–thanks to the help of new projects in the space like Wall Street Memes. Known for their blend of humor, culture, and financial speculation, meme coins have also become social phenomena–with…
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Two leading exchange-traded fund (ETF) providers have set their sights on launching the first spot Ethereum ETF in the U.S. after continued delays from regulators on approving a spot Bitcoin ETF. ARK Invest and asset manager VanEck filed proposals with the Securities and Exchange Commission (SEC) for Ethereum ETFs that would trade on CBOE Global…
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Artificial Intelligence (AI) continues to shape various sectors, from healthcare to automotive. And now, it’s making a significant impact in the cryptocurrency market as well. With machine learning algorithms and predictive analytics, AI is helping to make sense of complex market data, thereby assisting traders and investors in making informed decisions…. Read More: 5 AI…
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