Cryptocurrency

The chart illustrates that Ethereum has not been able to outpace Bitcoin in terms of investment returns. This is particularly significant for investors who aim to “beat” the market by selecting assets that could potentially yield higher returns than Bitcoin. Currently, the performance of Ethereum, when measured against Bitcoin, has been less than stellar, indicating that Bitcoin remains the market leader and a stronger investment choice in the cryptocurrency realm.ETH/BTC Chart by TradingViewDespite this, has shown solid performance against the U.S. dollar, with an approximate 10% increase since December. This resilience in the face of a falling ETH/BTC ratio highlights Ethereum’s inherent strengths and its ability to maintain value independently of Bitcoin’s market movements. This divergence between Ethereum’s performance in USD terms versus its value relative to Bitcoin could suggest that while Bitcoin may lead the market, Ethereum continues to offer value to investors.The current state of the ETH/BTC chart raises the question: is an alt season, where alternative cryptocurrencies surge in value, imminent? Traditionally, alt seasons occur when altcoins gain significantly against both Bitcoin and the USD, but the current data suggests that the market may not be close to it.The current price movement shows approaching a local trendline resistance level, which could be a defining moment for the cryptocurrency. This trendline, drawn from recent highs, has been a barrier to SOL’s price progression. A breakthrough at this point could signal the resumption of the bullish rally that Solana has been known for, suggesting a strong start to the year and reinforcing investor confidence in the asset’s long-term prospects.The possibility of a breakout is bolstered by the broader context of the crypto market’s recovery after a challenging period. A successful push beyond the trendline could attract more buyers, potentially leading to an increase in trading volume and more sustained upward movement.If Solana will be unable to push past the trendline resistance, the next level of support lies at the 26-day Exponential Moving Average (EMA). The 26 EMA has historically provided a cushion during retracements, acting as a stepping stone for future rallies. If SOL’s price were to retract to this moving average, it could offer a secondary point of entry for investors looking to capitalize on the asset’s retracing.The BONK token was most recently labeled as the “Shiba Inu” of Solana. Its price action mostly reflects the bullish tendencies we saw on the market pushed by the approval of a Bitcoin ETF. The ETF approval has not only upheld the market’s confidence but also potentially paved the way for increased institutional participation.The recovery of coincides with a pivotal moment on the crypto market, as Bitcoin and other major cryptocurrencies are also witnessing a bullish trend reversal. The market’s shift toward a more positive outlook is a notable change from the correction we saw recently, where many assets struggled to maintain their value amid regulatory uncertainty and market volatility.A closer analysis of the provided chart reveals that BONK’s price has rebounded sharply, now trading above its 50-day and 200-day moving average — key indicators that often signal strong bullish sentiment. The moving averages are sloping upward, confirming the momentum behind BONK’s unexpected rise. Moreover, the increased trading volume accompanying this uptick in price points to an influx of investors who are driving the rally.This article was originally published on U.Today More

The false news, disseminated by an unidentified user, led to over $674,000 in liquidations as traders reacted to the unverified claim. This event underscored the vulnerability of cryptocurrencies like Dogecoin to sudden market movements based on rumors and highlights the broader impact that unverified information can have on digital asset valuations.Despite the temporary disturbance, Dogecoin continues to hold a substantial position in the cryptocurrency market, with a reported capitalization of $11 billion. The incident serves as a reminder of the inherent volatility within the crypto markets and the importance of critical evaluation of news sources within the investment community.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

“The@SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products,” Gensler tweeted.The apparent flagrant post read:”Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.”“Today’s approval enhances market transparency and provides investors with efficient access to digital asset investments within a regulated framework,” an apparent flagrant quote from Gensler added.After initially spiking higher on the false report, Bitcoin price is down about 2.7% to $45,784.74. Coinbase (NASDAQ:COIN) is down 1.4% at 16:36 EDT (21:36 GMT). More

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In Saylor’s video, Andy Dufresne puts on a gramophone record and, instead of the opera, he starts listening to…Michael Saylor endorsing Bitcoin as the “best crypto asset,” saying that “there is no second best” to Bitcoin. Dufresne turns the volume up to the maximum, and the whole Shawshank prison begins to hear and enjoy Saylor’s Bitcoin message, taken from one of his public interviews.The tweet that goes with the video extract says “It’s time to break free.”However, according to Lark Davis, there is “a literal fee war going on.” All the participants are trying to land as many customers as possible, and they are reducing their ETF fees for the first half-year/year or until $1 billion/$5 billion volumes are reached — that is for BlackRock (NYSE:BLK), Galaxy and Ark Invest fees.As for the other participants, Fidelity has set its Bitcoin spot ETF fee at 0.39%, WisdomTree at 0.5%, VanEck lowered it to 0.25% and Valkyrie 0.8%. Davis commented that all these Bitcoin ETF fees are much lower than the community expected since all these companies are expecting a great demand for their Bitcoin-based ETF immediately, so they are trying to make their product “as appealing as possible…A wave of capital will flow into Bitcoin. Most likely starting this week.”Last week, Bitcoin lost the $45,300 level and crashed by 7% after Matrixport published an article, saying that the SEC regulator is unlikely to approve Bitcoin spot ETFs in January and may suspend it until later this year.Traders started liquidating their positions, wiping approximately $730 million worth of crypto assets off the market, mostly Bitcoin and Ethereum.This article was originally published on U.Today More

This article was originally published on U.Today More