Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
History
Solana ETF Approved: VanEck and 21Shares Make Crypto History
Cboe files for approval with the SECs to list Solana-based ETFs. The potential listing of Solana ETFs will expand Cboe’s product portfolio in the cryptocurrency space. Leading asset management firms VanEck and 21Shares are set to introduce Solana ETFs in the United States. The Chicago Board Options Exchange (Cboe) has now officially filed for approval with the Securities and Exchange Commission (SEC) to list Solana-based ETFs. The Cboe then filed for two 19b-4 waivers with the SEC to list these…
11 months ago
If History Repeats, Bitcoin Price Could Crash 33% Again: Here’s Why
The Bitcoin price is already down more than -22% since the mid-March high over $73,000. While BTC is currently stabilizing above $57,000 following the recent price crash, there could be even more downside ahead if history repeats, according to Jacob Canfield, a trading mentor at the Trading Mastery. Canfield’s latest analysis points to a potential further decline in the Bitcoin price, potentially reaching lows not seen since the beginning of the year. Why Bitcoin Price Could Crash Another 33% Canfield’s…
11 months ago
DeFi Token Makes History With Green Candles In Red Market, Why Is It Performing Better Than MATIC & Litecoin?
The post DeFi Token Makes History With Green Candles In Red Market, Why Is It Performing Better Than MATIC & Litecoin? appeared first on Coinpedia Fintech News After many tries, the crypto market has failed to change the trend upwards. Bitcoin broke the support level and is trading at $58,917 at the time of writing. Polygon (MATIC) broke the ascending trendline, acting as a major support, and Litecoin (LTC) is trading at the major support of $70. Amid this further…
11 months ago
Mt. Gox Terror Strikes Markets, Bitcoin Faces Second-Largest Long Liquidation in History After FTX Collapse, What’s Next?
The post Mt. Gox Terror Strikes Markets, Bitcoin Faces Second-Largest Long Liquidation in History After FTX Collapse, What’s Next? appeared first on Coinpedia Fintech News Ever since Mt. Gox released its rehabilitation plan to repay the creditors who lost their BTC in a hack that occurred in 2013, the markets have become extremely furious. As Bitcoin price continued to rise, the fear of selling pressure began to hit the highs. As a result, the market participants seem to have closed…
11 months ago
T-Rex Group Files for Potentially Most Volatile ETF in U.S. History
The post T-Rex Group Files for Potentially Most Volatile ETF in U.S. History appeared first on Coinpedia Fintech News Financial services firm T-Rex Group has filed for a leveraged MicroStrategy (MSTR) exchange-traded fund in the United States. This ETF could potentially be the most volatile ETF ever seen in the country. Read on to learn what experts think about this development and to do an in-depth comparative analysis! What Experts Think About T-Rex Group’s MSTR? Eric Balchunas, a Bloomberg ETF…
12 months ago
Strike CEO Predicts $1 Million Bitcoin If History Repeats
The post Strike CEO Predicts $1 Million Bitcoin If History Repeats appeared first on Coinpedia Fintech News In a recent conversation with analyst Scott Melker, Jack Mallers, the CEO and founder of Strike, a global Bitcoin app, explained why he is a Bitcoin maximalist. Scott asked him about the recurring cycles and drawdowns in Bitcoin prices, noting that people often get emotional and sell at the bottom, contributing to these patterns. Melker suggested that we might be entering the next…
12 months ago
Bitget Posts Record Numbers for May With Highest Capital Inflow In Its History
Cryptocurrency exchange Bitget continues to go from strength to strength with May going down as a record month for capital inflows. As the crypto bull market grinds on, Bitget has established itself as a leading global exchange for spot and futures trading, bolstered by complementary products including its eponymous web3 wallet. May has demonstrated Bitget’s strength in the derivatives market in particular, where it’s become top dog for users seeking leveraged trading of assets such as BTC, ETH, and SOL. According…
12 months ago
Polkadot Timeline: A History of Polkadot
Polkadot is an incredibly unique open-source shared multichain platform that connects and secures a network of blockchains. Often referred to as an “Ethereum killer,” this blockchain is one of the most innovative projects with its ability to facilitate the cross-chain transfer of any data or asset types. Polkadot is one of the most significant projects in the blockchain space and boasts a unique set of qualities that connects different blockchain networks. In 2016, Ethereum co-founder Gavin Wood and Parity’s…
12 months ago
Cardano Founder Says ADA Is About To Undergo Biggest Change In History, What Is It?
Cardano founder, Charles Hoskinson, has declared that ADA is set to undergo one of the biggest changes in history. The Cardano founder has announced the imminent launch of the highly anticipated Chang hard fork set to modify the blockchain. This significant development comes alongside the transformative changes set to take place in ETFSwap (ETFS) before its official launch this year. ETFSwap (ETFS) Achieves Major Milestones In Development And Adoption ETFSwap (ETFS) is a tokenized trading platform that enables users to…
12 months ago