Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Main Highlights:Bitcoin must surpass $115,000 to confirm a continued upward trend.Fears surrounding the CME futures gap suggest a potential drop to $110,000 first.Gold reaches new records, leading traders to believe Bitcoin may soon follow suit.On Tuesday, Bitcoin (BTC) held steady as gold hit new all-time highs, shifting focus to a possible BTC rally.BTC/USD hourly chart. Source: Cointelegraph/TradingViewBTC price constrained by $115,000 “breakout” markAccording to data from Cointelegraph Markets Pro and TradingView, BTC/USD hovered around $113,000 post-Wall Street opening.The pair reached $114,842 overnight, hitting its highest point since September 22 and boosting traders’ BTC price predictions.“$BTC is currently forming a hidden…
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Bitcoin is once again at a pivotal point, following a significant rally on Monday that pushed its price past the $114,000 mark. This surge occurs as bulls strive to counteract several days of ongoing selling pressure, with momentum shifting gradually in their favor. This development could signify a crucial turning point in the market, as investors test whether Bitcoin can maintain its position above this important threshold and set a new base for potential gains. Related Reading Further supporting this perspective, new on-chain data from CryptoQuant reveals a significant shift in short-term holder activity. The Short-Term Holder Spent Output Profit…
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Republic, a company focused on real-world asset (RWA) tokenization, is set to tokenize equity in the prominent Hong Kong-based Web3 investment firm Animoca Brands.In a Tuesday Republic announcement, it was revealed that Animoca Brands’ equity will be tokenized on Solana, enhancing investor access to the company. Although Animoca is not publicly listed, it has invested in over 600 Web3 projects.Animoca Brands’ investment portfolio. Source: Animoca BrandsAndrew Durgee, co-CEO of Republic, remarked that this initiative sets “a precedent for how companies can structure their equity for the future.” Lily Liu, president of the Solana Foundation, remarked that this move “showcases what…
Key points:Whales in XRP continue to buy during dips, showing confidence in future price increases.The next bullish level is projected at $4.20, but XRP needs to surpass the $3.05 resistance first.XRP (XRP) rebounded from the $2.70 support, climbing up to 8.5% to reach a high of $2.92 on Monday. Since then, some gains have been surrendered, reflecting profit-taking from the short rally.Nonetheless, a solid technical outlook and whale involvement indicate that the XRP/USD pair could be on the verge of a trend reversal toward $4.Will whale accumulation boost XRP?XRP whales are optimistic about the chances of a further spike, using…
BlackRock has announced that its Canadian subsidiary has initiated securities lending for the iShares Bitcoin ETF effective August 25, following a mandatory 60-day notification to investors.This decision comes after a revelation in the June 26 prospectus, which described the fund’s potential to engage in lending activities according to Canadian securities regulations. This action brings it in line with other iShares ETFs in Canada, many of which already utilize securities lending to generate additional income.Securities lending permits a fund to lend out its assets, such as stocks or other securities, to borrowers—primarily financial institutions—in exchange for collateral and a fee for…