News - Page 9

Robinhood Markets, the online trading platform known for democratizing finance, has announced its latest quarterly earnings, revealing a swing to profitability and impressive growth in key areas.

Whale Alert, the blockchain monitoring and analytics platform, has reported a substantial transfer involving Ethereum (ETH), the second-largest cryptocurrency by market capitalization. According to Whale Alert's tweet, a whopping 11,999 ETH, valued at approximately $31,846,205, was transferred from Binance, one of the leading cryptocurrency exchanges, to an unknown wallet.

In a recent tweet, a member of the crypto community unveiled a groundbreaking theory concerning the stock float compression of MicroStrategy (MSTR). The individual elaborated on what they termed the "compression multiple theory," drawing parallels between the trading dynamics of GameStop (GME) during the 2021 short squeeze and the current situation with MSTR.

Whale Alert, a cryptocurrency tracking service, has recently detected the activation of an ancient Ethereum pre-mine address. This address, which had been dormant for 8.5 years, contains 100 ETH, valued at approximately $262,757. However, this is not an isolated event. Over the past few months, several other dormant Ethereum addresses have also come to life, causing significant movements in the crypto landscape.

Cardano (ADA) has experienced a surge in price, surpassing the 50-day EMA (Exponential Moving Average). This breakout indicates a strong bullish sentiment and presents growth opportunities for investors. The current support level for ADA is around $0.50, which has acted as a strong bounce point for the price. Maintaining this support level could lead to ADA targeting the next resistance level at approximately $0.60. If ADA continues to close above the 50 EMA, buying pressure may increase, potentially pushing the price to higher levels, with $0.65 as the next major target.

In the latest market update, CoinStats reports that buyers continue to hold the upper hand in the Bitcoin market. However, there are some bearish signals that traders should be aware of.

The XRP price has recently experienced a rally, joining the broader crypto market. It has successfully moved out of the bear zone, with a 1.3% increase at the time of writing, reaching $0.5197. Over the past week, XRP has not only erased its losses but also gained 3.85%. This has helped trim its monthly loss to 9.2%.

According to Reuters, billionaire Peter Thiel's venture capital firm, Founders Fund, is once again investing in Bitcoin and Ethereum, indicating a resurgence of interest in the cryptocurrency markets in Silicon Valley.

Bitcoin's price continues to inch closer to the $50,000 mark, being pushed higher by a bullish weekly divergence. According to top crypto analyst Michaël van de Poppe, the recent break above the $48,000 level indicates an upward trajectory for Bitcoin. The analyst is curious to see how the price will behave around the $50,000 mark in the next 1-2 weeks, highlighting it as a critical resistance level. The upcoming Bitcoin halving event in April adds to the excitement, as historical data suggests bullish surges following halving occasions. Van de Poppe predicts a target of $50,000 for Bitcoin, attributing it to the impact of the halving event.

Bitcoin ETFs are rapidly outpacing gold, a traditional investor favorite, with net cumulative flows for the ten Bitcoin ETFs, including GBTC, doubling in the past three days to over $3 billion. This acceleration is significant when compared to the nearly two years it took for the gold ETF to reach this milestone. The data, which was shared by Eric Balchunas of Bloomberg, shows a burgeoning interest in cryptocurrency investment vehicles.

VC investor and Bitcoin podcaster Anthony Pompliano has made a bold prediction about the future price of Bitcoin. Contrary to popular belief, Pompliano believes that the recent surge to $50,000 is not the end for the flagship cryptocurrency. In fact, he asserts that the price of Bitcoin has to go even higher.

Bitcoin maximalist Max Keiser has once again targeted XRP, the cryptocurrency affiliated with Ripple, predicting that it will collapse in the future against Bitcoin. Keiser referred to XRP as 'centralized garbage' and stated that it 'goes to zero against Bitcoin.' This criticism came in response to a question from a member of the crypto community who raised concerns about governments buying Bitcoin with fiat and questioned whether the same could happen with XRP.

Legendary Bitcoiner, macro economist, and investor Tuur Demeester, editor-in-chief of Adamant Research, has shared some details about the upcoming bull market. In this article, we will explore why this bull market will be different from the 2021 rally.

In the latest market update, it has been observed that bulls are still in control of the market, as reported by CoinMarketCap. This article provides an overview of the top coins and their recent performance.

Cardano founder Charles Hoskinson recently announced the upcoming Plutus V3 upgrade for the Cardano network. This significant upgrade, set to accompany the Chang hard fork, brings a host of improvements to Cardano DApps and blockchain interoperability.

Renowned author and financial educator Robert Kiyosaki, famous for his bestseller "Rich Dad Poor Dad," has once again taken to social media to sound the alarm bells amid growing concerns over economic instability. Kiyosaki's recent post has sent shockwaves through the financial world as he warns of an imminent collapse of the S&P 500 index by a staggering 70%.