Archive for March 2024

Early Friday, WIF briefly touched the $4 mark before retracing its gains, showcasing the heightened volatility within the meme coin sector amidst a market that remained relatively stable. Meme coins, particularly those led by Solana-based dogwifhat, experienced significant surges, surpassing the performance of other sectors like DeFi and exchange tokens. The betting activity on DOGE-tracked…

Singapore’s QCP Capital suggests that the market may pause this weekend. Bitcoin continues to show volatility, but analysts anticipate some market stability in the near future. QCP Capital notes that traders are no longer expecting an ether ETF to be approved soon, leading to market consolidation. Bitcoin tested $66,000 during Asian trading hours on Friday,…

COPA initiated legal action against Craig Wright in an attempt to prevent him from suing developers and others in the crypto community, claiming ownership of Bitcoin’s technology. Following a month-long trial, UK Judge James Mellor delivered a verdict stating that Wright is not Satoshi Nakamoto, the creator of Bitcoin, nor did he author the Bitcoin…

Deribit data indicates a surge in activity for the $200,000 strike bitcoin call option, which is significantly higher than the current market rate of the cryptocurrency. Open interest in options has reached all-time highs alongside the impressive rally in bitcoin’s price. Investor optimism, reminiscent of the bullish sentiment in 2021, is driving increased interest in…

Analysts suggest that the cryptocurrency market still has significant potential for growth. Bitcoin is set to end February with an impressive 44% increase, marking its most substantial monthly gain since December 2020. According to Galaxy’s Alex Thorn, the demand for Bitcoin through U.S.-listed spot bitcoin ETFs is met with limited supply, primarily due to long-term…