In a controversial report, Forbes unveiled a list of 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.” These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others. XRP And
Despite BTC’s recent unimpressive price action, crypto analyst Doctor Profit has shared his bullish sentiment for Bitcoin and the broader crypto market. The analyst further suggested that a parabolic move was imminent and that crypto investors should position themselves accordingly. Crypto Market Preparing For A “Third Industrial Revolution” Doctor Profit mentioned in an X (formerly
Bitcoin was modestly lower early Saturday following the so-called halving, an event that sharply cut the issuance of the world’s largest cryptocurrency. The price of Bitcoin has fallen 1.3% to $63,676 over the past 24 hours, holding above $60,000 that it traded at earlier this week amid worries over inflation and the outlook for interest
Bitcoin and other cryptocurrencies were weaker Friday, struggling into the end of a bearish week for digital assets as Bitcoin plunged after notching an all-time high. While analysts and traders remained bullish on the outlook for crypto, there are still warning signs that a correction may not be over. The price of Bitcoin has fallen
Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high as $237,000. Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting $500,000. Bullish Sentiment Shows Bitcoin Can
Bitcoin and other cryptocurrencies fell on Friday in what looked like a short-term correction after a red-hot rally in digital assets. Prices could fall further even as traders continue to be bullish on the outlook for cryptos in the months ahead. The price of Bitcoin dropped 6% over the past 24 hours to below $68,000,
The new crop of exchange-traded funds offering direct exposure to Bitcoin may have accumulated billions in new assets in the two months since they hit the market, but experts say that’s not because advisors have suddenly jumped on the crypto bandwagon. Most advisors aren’t permitted to talk to clients about the so-called spot Bitcoin funds,
Published: Feb. 26, 2024 at 10:28 p.m. ET Bitcoin on Monday rallied to its highest level since November 2021, as exchange-traded funds investing directly in the cryptocurrency attract more capital into the space, while investors await the upcoming “halving” event, which has historically been bullish for bitcoin prices. Bitcoin BTCUSD rose 9.5% over the past
Bitcoin and other cryptocurrencies wavered Friday as volatile trading continued in the aftermath of the Securities and Exchange Commission’s approval of the first spot Bitcoin exchange-traded funds. The price of Bitcoin has shed 1% over the past 24 hours to $45,950, having notched gains in this period as high as near $48,600—around its best levels
Cryptocurrencies saw volatile trading Wednesday as traders awaited a decision from the Securities and Exchange Commission on whether to approve spot Bitcoin exchange-traded funds. Digital assets have been buoyed for months by ETF approval hopes, with anticipation reaching fever pitch after the agency’s social media account was breached on Tuesday and falsely posted that the