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Crypto Whales Offload Over $8.5B Worth Of ETH; Analyst Eyes Critical Price Level
Wednesday, October 11, 2023 - 4:02pm | 523As Ethereum (CRYPTO: ETH) experiences price surges, its largest holders, often referred to as 'crypto whales,' have been strategically offloading substantial portions of their holdings. According to prominent crypto analyst Ali Martinez, these whales have redistributed or sold over 5...
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Coinbase Director Conor Grogan Estimates Alameda Research Minted Some $40B Of USDT
Tuesday, October 10, 2023 - 1:03pm | 639Coinbase (NASDAQ: COIN) director Conor Grogan shed light on Alameda's significant involvement in Tether (CRYPTO: USDT) minting, suggesting potential arbitrage trading motives. Onchain data indicates that Alameda was responsible for minting a staggering $39.55 billion of USDT, which accounts for...
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Chainalysis Drops A Layoff Bombshell Amid Crypto Market Turbulence
Tuesday, October 3, 2023 - 10:56am | 351Blockchain data firm Chainalysis on Tuesday announced another series of layoffs amid the ongoing challenges in the crypto industry. The company confirmed that it has "made the difficult decision to part ways with 15%" of its workforce, citing the need for "growing...
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Here's Why This Crypto Analyst Sees Bitcoin Plunging To $10,000
Friday, September 29, 2023 - 1:12pm | 510Crypto analyst Nicholas Merten has raised concerns about the potential for Bitcoin's (CRYPTO: BTC) price to plummet significantly, suggesting a possible drop to around $10,000. "Something that we need to be accountable for here is the idea that we could possibly come even lower than these...
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Gemini Withdrew $282M From Genesis Global Months Before Bankruptcy Filing: Report
Thursday, September 28, 2023 - 10:38am | 638Several months before Genesis Global Holdco LLC halted deposits and eventually declared bankruptcy, cryptocurrency exchange Gemini Trust Co. reportedly withdrew a significant sum from the lender. This move was part of an initiative by Gemini, owned by the Winklevoss twins, Tyler and Cameron, to...
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Is the Bitcoin Market Overheated, Overleveraged? Why These Analysts Are Cautioning Traders
Tuesday, September 26, 2023 - 1:18pm | 555In a recent analysis, experts raised concerns about the potential vulnerabilities in the Bitcoin (CRYPTO: BTC) market due to leveraged long positions that lack adequate spot buying support. The analysis came at a crucial time, especially as discussions around the future of digital assets gain...
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This Altcoin Is 'Hanging On To Dear' Life, Crypto Analyst Warns
Friday, September 22, 2023 - 4:45pm | 447In a recent crypto market analysis, pseudonymous trader Altcoin Sherpa shared insights on two major cryptocurrencies: Binance Coin (CRYPTO: BNB) and Bitcoin (CRYPTO: BTC). While the crypto community remains divided on market directions, Altcoin Sherpa's tweets provide a cautious...
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Ethereum Network Activity 'Rather Disappointing' After Shanghai Upgrade: JPMorgan
Friday, September 22, 2023 - 1:13pm | 600The Shanghai upgrade for Ethereum (CRYPTO: ETH), rolled out in April, hasn't spurred the anticipated surge in activity on the leading smart contract blockchain, according to a recent research report by JPMorgan. The bank's analysis, which will likely be a topic of discussion at...
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Ethereum/Bitcoin Pair Could Crash To 0.03200000 BTC, Analyst Warns
Thursday, September 21, 2023 - 1:24pm | 508Noted crypto analyst Benjamin Cowen has shared insights on the Ethereum/Bitcoin (ETH/BTC) pair, suggesting a potential bearish trend in the near term. Cowen's observations come at a time when the crypto community is keenly observing market movements, especially as Bitcoin (CRYPTO: BTC) halving...
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One Human Error Wiped Out Billions In Bitcoin Value: Ex-Alameda Research Employee
Thursday, September 21, 2023 - 11:10am | 617A former Alameda Research employee recently discussed how an event lead to a dramatic 87% drop in Bitcoin's (CRYPTO: BTC) value back in October 2021 — less than a year before Alameda and FTX went bankrupt. The plunge, which saw Bitcoin plummet from $65,000 to a mind-numbing $8,000 on...
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Rekt Capital Analyzes Market Movements Of Bitcoin, LINK, Dogecoin: Here's A Breakdown
Wednesday, September 20, 2023 - 2:02pm | 587Crypto analyst firm Rekt Capital recently provided an in-depth analysis of Chainlink (CRYPTO: LINK), Dogecoin (CRYPTO: DOGE), and Bitcoin (CRYPTO: BTC) market trajectories. LINK faces resistance and subsequent price drops, while Dogecoin remains steady and Bitcoin showcases early bull market signs...
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Solana's Upward Trajectory Could Be Short-Lived, Analyst Warns: 'Slowly Scale In'
Monday, September 18, 2023 - 1:05pm | 563Pseudonymous crypto analyst Altcoin Sherpa expressed concerns over Solana's (CRYPTO: SOL) current upward trajectory. In a series of tweets, the trader warned of a potential sell-off, suggesting that the cryptocurrency might take some time to establish a solid bottom. This insight comes at a...
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Why FTX's Token Sale Is A Non-Issue For Crypto Stability: Coinbase Explains
Monday, September 18, 2023 - 11:27am | 542The crypto market is expected to remain stable despite the sale of tokens by bankrupt exchange FTX (CRYPTO: FTT), as Coinbase Inc. (NASDAQ: COIN) reports protective measures capping initial sales at $50 million per week, increasing to $100 million in subsequent weeks. Any decision to...
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Crypto Bear Market Over? 'Not-Too-Bullish' Analyst Sets Bitcoin Target Above $30K
Friday, September 15, 2023 - 11:48am | 544In a recent YouTube analysis, the pseudonymous crypto strategist DonAlt — known for accurately predicting the 2022 crypto bottom — has revealed his new long position on Bitcoin, sharing his targets and insights on the current market scenario. DonAlt suggests that the current...
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FTX Adjusts Crypto Liquidation Strategy In Response To US Trustee Concerns
Wednesday, September 13, 2023 - 11:48am | 520Beleaguered crypto exchange FTX (CRYPTO: FTT) has revised its plan to liquidate billions in cryptocurrency holdings. This move comes in response to apprehensions voiced by the U.S. Trustee, an arm of the Department of Justice. Despite the modifications, FTX will not be required to publicly announce...