Tim Draper, a prominent venture capitalist and cryptocurrency enthusiast, has made Bitcoin price predictions since 2014. That year, Draper predicted Bitcoin to be $10,000 by the end of 2017.
Bitcoin's recent price surge has been accompanied by increasing signs of greed among long-term holders, according to data from the Net Unrealized Profit/Loss (NUPL) indicator. NUPL tracks the unrealized profit or loss of Bitcoin holders, and when long-term holders start showing signs of greed, it often signals that the market is approaching a top.
Unlike the last cycle, a Bitcoin pullback may not trigger a drastic altcoin crash, but a correction is still inevitable.
Long-term Bitcoin holders are showing signs of growing greed as the price of BTC steadily approaches the $100,000 mark. A crypto analyst has underscored the significance of this market trend, highlighting that a possible Bitcoin market top could be incoming in the next few months.
Ripple (XRP) price has surged 182.80% in the last 30 days and 30.26% in the past week. While its EMA lines remain bullish, with short-term lines above long-term ones, indicators like RSI and CMF suggest the uptrend could be losing steam.
Asset manager WisdomTree has filed for an XRP exchange-traded fund (ETF) in Delaware, the first step in the U.S. regulatory process.
WisdomTree has filed to create an XRP exchange-traded product in Delaware, marking its entry into the XRP ETF race and signaling potential regulatory progress for cryptocurrency investments amid ongoing legal challenges faced by Ripple Labs. The post Global ETF Provider WisdomTree Files for XRP ETF in Delaware appeared first on Cryptonews.
Bloombergs James Seyffart has shared insights on the challenges facing XRP and SOL ETFs, predicting potential approval by 2025. Regulatory hurdles like compliance and market manipulation remain, but changes in SEC leadership could reshape the landscape.
Armando Pantoja, an experienced angel investor who has been active in the cryptocurrency space since 2011, has recently challenged the skepticism surrounding XRP's potential to hit $100. His comments come as XRP continues to perform exceptionally well in the ongoing bull market, with some calling for bold price targets while others urge caution.
ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index. The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.
Semler Scientific, a healthcare-focused technology company, announced an update on its Bitcoin holdings, revealing the acquisition of an additional 297 BTC between November 18 and November 22, 2024. The company spent $29.1 million on these purchases, with an average price of $97,995 per Bitcoin, including associated fees.
Cryptocurrency markets are trading lower on Monday, with Ethereum a notable outperformer. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,748.63 -1.6% Ethereum (CRYPTO: ETH) $3,482.07 +4.7% Solana (CRYPTO: SOL) $240.19 -3.6% Dogecoin (CRYPTO: DOGE) $0.4052 -3.3% Shiba Inu (CRYPTO: SHIB) $0.00002568 +2.8% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 22% and daily active addresses falling by 8.4%.
The XRP ETF file has stirred optimism in the crypto sector, with analysts tying the move to the potential policy shifts expected under President-elect Donald Trumps administration. XRP ETF Filing Marks a Critical Turning Point On November 25, the New York-based asset manager WisdomTree Funds signaled its intention to file with the US Securities and Exchange Commission by registering in Delaware for an XRP (XRP) exchange-traded fund (ETF), Cointelegraph reports.
Financial services firm, Cantor Fitzgerald, is reportedly discussing receiving support from stablecoin issuer Tether to help fund the project.
Bloomberg Analyst James Seyffart has outlined potential timelines for the approval of Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) exchange-traded funds (ETFs). As regulatory discussions gain traction in the United States, Seyffart predicts that decisions on these altcoin ETFs may extend into late 2025, depending on various factors.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bruno Caratori, Hashdex co-founder and chief operating officer, discusses post-election crypto investment trends and his outlook for the industry under the incoming Congress.
In January, spot bitcoin ETFs began trading, which opened the door to more mainstream investors.
Asset manager WisdomTree has joined the XRP ETF race with its own filing.
Moving beyond Bitcoin, asset managers are now eyeing towards XRP as the next big player in the ETF space. In a latest develoment, the Global ETF provider WisdomTree has filed to launch an XRP ETF in the U.S. notably, this is the third filing to establish a spot XRP ETF in the country.
Timestamp has launched a regulated crowdfunding platform to connect Bitcoin startups with global investors, allowing both accredited and non-accredited individuals to invest in Bitcoin-related ventures and receive ownership stakes in supported projects. The post Timestamp Debuts Regulated Crowdfunding Platform for Bitcoin Startups appeared first on Cryptonews.
When Hut 8 CEO Asher Genoot dropped a poll on X (formerly Twitter), he got a response that even Bitcoin maxis would envy. “Hut 8 already holds 9,100 Bitcoin on our balance sheet.
Prominent asset manager and exchange-traded fund issuer Wisdom Tree is reportedly filing for an XRP ETF product. According to Eleanor Terret of Fox News, $100 billion asset manager Wisdom Tree has registered for an XRP ETF in the state of Delaware.
Bitcoin's (CRYPTO: BTC) recent rally could face a sharp downturn, with a prominent trader warning of a potential correction if the cryptocurrency fails to break the $100,000 resistance level. The forecast, which points to a drop as low as $85,600 in a worst-case scenario, comes as Bitcoin shows signs of a cooling rally after nearing the critical $100,000 milestone.
U.S. Customs and Border Protection, at the request of the Federal Communications Commission, has been detaining imports of Bitmain's Antminer ASIC miners at ports nationwide for up to two months. The delays have impacted seven U.S.
The saga of James Howells missing $716 million Bitcoin deepens as his ex-partner confesses to throwing away the hard drive containing 8,000 BTC at his behest. The unfolding drama underscores the critical need for secure cryptocurrency storage and the dire consequences of mishandling digital assets.
El Salvador President Nayib Bukele shared his considerations for a “rent your volcano” Bitcoin mining program.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
As bitcoin (BTC) trades under the $96,000 mark at 1 p.m. ET on Monday, prediction markets Kalshi and Polymarket reveal mixed expectations for the cryptocurrency's potential to reach $100,000 within the coming months and throughout 2024.
Here are some of the latest XRP price predictions.
Sui is entering the Bitcoin staking market through partnerships with Babylon Labs and Lombard Protocol. The collaboration between Sui (SUI), Babylon and Lombard targets the $1.8 trillion Bitcoin (BTC) market, with staking a major attraction for users.
Sui, the emerging Layer 1 blockchain, is set to launch Bitcoin staking in December, marking a significant step toward integrating Bitcoin into decentralized finance (DeFi).
WisdomTree, the New York-based asset manager handling over $113 billion in assets, has filed an application to establish an XRP exchange-traded fund (ETF) in Delaware, United States. The proposed fund, named the WisdomTree XRP Fund, claims to give investors regulated exposure to XRP, the sixth-largest crypto by market capitalization.
Asset manager WisdomTree has filed for a trust entity in Delaware, a preliminary step toward launching an exchange-traded fund (ETF) focused on XRP. If approved, the ETF would track XRP's price, expanding institutional investors' access to digital assets.
Bitcoin falls below $95k amid profit-taking and $500M in liquidations. Analysts question bull market strength as altcoins gain momentum.
Bitcoin's failure to cross above $100,000 could extend the current price pullback. The real question is whether or not bulls will buy the dip.
TL;DR WisdomTree, with $113 billion in assets under management, is moving forward with the launch of an XRP-based ETF. The firm has filed with Delaware regulatory authorities to create a trust that will serve as the foundation for the ETF, which aims to track the price of XRP.
After consolidating for nearly five days, Bitcoin (BTC), the world's largest cryptocurrency by market cap, appears to be flashing a warning signal. This negative signal from BTC has shifted overall market sentiment.
Global crypto investment funds witness massive weekly inflows, fueled by Bitcoin's recent rally toward the $100K level.
MicroStrategy, spearheaded by Michael Saylor, disclosed a $5.4B Bitcoin purchase, adding 55,000 BTC to its holdings. With a total of 386,700 BTC now acquired for $21.9B, the company remains one of the largest corporate investors in cryptocurrency. SEC filings reveal strategic funding via convertible notes. The post Michael Saylor's MicroStrategy Buys 55,000 More Bitcoin appeared first on Cryptonews.
Bitcoin ETFs are still super hot, with investors chucking record amounts of cash at the vehicles last week, according to CoinShares.
WisdomTree, a global asset manager overseeing around $113 billion in assets, has initiated the process for launching an XRP ETF.
Solana dominated altcoin inflows with $16 million last week, significantly surpassing Ethereum's $2.8 million.
Bitcoin's (BTC) recent rally faces a potential setback, with an analyst warning of a significant correction unless the cryptocurrency surpasses the critical $100,000 resistance level. TD Sequential Signals Correction On Nov.
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's “Halftime Report” to explain why he's buying more Bitcoin. The Investment Committee discuss crypto.
Archax will provide access to a money market fund from UK asset manager abrdn in tokenized form on the XRP Ledger.
Bitcoin rally stalls as few altcoins lead the day's gains.
New York-based asset management firm WisdomTree has officially filed for registration to launch an XRP ETF (Exchange-Traded Fund) in Delaware.
Spot Bitcoin exchange-traded funds (ETFs) in the United States are on track to reach a significant milestone: surpassing the estimated Bitcoin holdings of Bitcoin's mysterious creator, Satoshi Nakamoto. With Bitcoin continuing its strong price performance in 2024 and growing institutional interest, these ETFs are quickly becoming some of the largest Bitcoin holders in the world.