Bitcoin looks ready to start a relief rally and this could trigger interest in MKR, AAVE, RUNE and RNDR. After forming successive Doji candlestick patterns on the weekly chart for the past three weeks, Bitcoin (BTC) is on target to end the week on a positive note. This is an early sign that the uncertainty…
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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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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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Investment manager Grayscale is urging the Securities and Exchange Commission (SEC) to expedite the conversion of the Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). This comes on the heels of Grayscale’s major court victory over the SEC last week. Given the latest updates on a potential Bitcoin ETF approval, what are the…
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Financial markets are watching closely as Federal Reserve Chairman Jerome Powell prepares to speak at the annual Jackson Hole meeting this Friday. A vital calendar event for central bankers and market watchers, the meeting will offer a platform for discussing changes in monetary policies and economic directions, among other topics. In the lead-up to Powell’s…
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One of today’s biggest crypto news stories comes from Binance, the world’s largest cryptocurrency exchange by trading volume. On August 22, Binance announced the gradual launch of a new copy trading feature on its futures platform which went live at 6:45 AM UTC. In light of this development, what are the best cryptos to buy…
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The minutes from the Federal Reserve’s early May meeting reveal a lack of consensus regarding future interest rate changes, bringing an air of uncertainty to markets today. Officials expressed indecision about whether to continue raising rates or maintain the status quo. In light of this uncertain macroeconomic backdrop, what are the best cryptos to buy…
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With the crypto markets seeing less trading volume, Bitcoin’s price fluctuations have mellowed lately. However, on-chain data shows that long-term Bitcoin holders are continuing to hold on to their positions. As a result, Bitcoin is presently trading within a tight price range. Given this, what are the best cryptos to buy now? Typically a very volatile…
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Despite facing opposition from the US government, Bitcoin has demonstrated resilience by achieving a nine-month high of $29,182 earlier today and, consequently, setting a new record for 2023. With less than two days remaining before the weekly and monthly candle close, increased market volatility is expected. Given these circumstances, the question arises: What is Bitcoin’s…
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