Author: Maria

Nashville-based asset manager Canary Capital filed an S-1 form for a Litecoin (LTC) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on Oct. 15.Canary’s filing is the first application for a Litecoin-linked spot ETF in the US and comes less than a week after the asset manager’s XRP ETF filing on Oct. 8. Canary Capital CEO and founder Steven McClurg was previously Valkyrie Investments chief investment officer, having co-founded the asset manager along with Leah Wald. Different from Solana ETF filingsAlex Thorn, head of research at Galaxy Digital, told CryptoSlate that Litecoin is generally considered to have been a…

The Bitcoin price started this week on a high in what was an unprecedented move for many market participants. After spending the early days of October to disappoint investors, the Bitcoin price banged over $66,000 for the first time in many weeks.  Interestingly, this price action has seen the Bitcoin price once again approaching a critical technical level with the 200-day moving average. Historically, breaking above this key indicator has signaled the start of explosive rallies, often resulting in parabolic price increases. The question now is can Bitcoin repeat this historical pattern and ignite another massive surge? Bitcoin Price Approaches…

The Bitcoin price is back above $64,000, sparking bullish sentiments that the long-awaited ‘Uptober’ rally is set to begin. Certain macro events are happening this week, which market participants should watch out for as they could impact the crypto market.  Macro Events To Watch Out For As Bitcoin Price Hits $64,000 Macro events to watch out for this week include the September retail sales data, which will be released on October 17. This metric, which tracks consumers’ demand for finished goods, is significant as it provides insights into the current state of the US economy. This macro data also forms…

In a blog post released on October 14, Ethereum co-founder Vitalik Buterin outlined potential future enhancements for the Ethereum protocol, focusing on technical improvements to its proof-of-stake (PoS) system. Titled “Possible futures of the Ethereum protocol, part 1: The Merge,” the post delves into strategies to improve stability, performance, and accessibility while addressing centralization risks. First, Buterin reflects on Ethereum’s successful transition from proof-of-work to proof-of-stake aka “The Merge” nearly two years ago, noting that “this proof of stake has performed remarkably well in stability, performance and avoiding centralization risks.” However, he emphasized that “there still remain some important areas…

Following a strong start to 2024, the Bitcoin price performance has been mostly disappointing all year, failing to capitalize on the strong momentum of the spot exchange-traded funds (ETFs). Despite its stop-start nature, BTC’s price action has been one of the most-talked topics in the crypto space this year. However, the latest on-chain data shows the searches for the Bitcoin keyword on the Google search engine have crashed to a new yearly low, leaving investors wondering whether it’s bullish or bearish for the BTC price. Here’s how it might impact the price of the flagship cryptocurrency. Is The Crash In…

According to the latest on-chain data, demand for Bitcoin, the world’s largest cryptocurrency, has been picking up pace over the last few days. The question here is — can this growing pressure jumpstart the Bitcoin bull run? Can The Latest Demand Spike Restart The Bull Run? CryptoQuant’s head of research Julio Moreno took to the X platform to share an interesting on-chain observation about Bitcoin and investors’ appetite over the last few weeks. According to the on-chain expert, apparent demand for BTC is growing at its fastest monthly pace since April 22. This on-chain revelation is based on the apparent…

The ongoing market fluctuation may have caused a shift in Ethereum investors’ interest, as evidenced by a major ETH whale that has recently gone on a rapid selling spree. This has triggered market attention and speculations about the crypto asset’s potential in the near term. Major Ethereum Whales Dumps Millions Of ETH In a series of large transactions, an early Ethereum Initial Coin Offering (ICO) participant was seen conducting a massive sale of ETH, unloading thousands of the altcoin in the past day. Leading on-chain data platform, Lookonchain reported the worrying development on the X (formerly Twitter) platform after spotting the wave…

New reports have revealed that BlackRock, the world’s largest asset manager and American multinational investment company, is now selling Bitcoin (BTC) to buy Ethereum (ETH). Many market watchers propose that this unexpected investment change could trigger a bullish rally for Ethereum, potentially catalyzing another altcoin season.  BlackRock Dumps Bitcoin For Ethereum Lookonchain, a blockchain analytics tool has uncovered a shocking new transaction executed by asset manager, BlackRock. In its official X (formerly Twitter) account, Lookonchain disclosed that BlackRock has recently sold off 182 BTC, valued at $11.34 million.  Around the same period, the blockchain analytics tool recorded BlackRock purchasing 7,574…

According to the latest on-chain data, liquidity in the cryptocurrency markets has reached an all-time high. Here’s the implication of the rising liquidity on the price of Bitcoin and its future trajectory. Stablecoin Market Cap Hits New Highs — Impact On Bitcoin Price In its latest report, CryptoQuant revealed that liquidity in the crypto market hit a record high in late September, sparking conversations about the Bitcoin bull market resuming. According to the on-chain analytics firm, crypto market liquidity is measured by stablecoin value and market capitalization, which now stands at around $169 billion. Data from CryptoQuant shows that the…

The Bitcoin price briefly crashed below $60,000 for the first time since September. This price decline followed the release of the Consumer Price Index (CPI) inflation data, which came in higher than expected. This macro data and factors like the US presidential elections are causing market uncertainty, leading to a bearish outlook for the flagship crypto.  Why The Bitcoin Price Crashed Below $60,000 The Bitcoin price crashed below $60,000 following the release of the US CPI inflation data. The CPI showed that inflation in the US hit 2.4% in September, higher than expectations. This provided a bearish outlook for BTC,…