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Bitcoin and Ether are leading the cryptocurrency markets from the front, but the risk of a short-term pullback remains. News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC). Market observers are increasingly optimistic that spot Bitcoin ETFs will be greenlighted by the United States Securities and Exchange Commission in 2024. Bloomberg Intelligence research analyst James Seyffart said on X (formerly Twitter) that there is still a 90% possibility that the regulator will approve a spot Bitcoin ETF by Jan. 10 of the next year. Daily cryptocurrency market performance. Source: Coin360 Galaxy Digital founder Mike Novogratz believes that the approval of the Bitcoin ETF, followed by the Ether ETF, will boost institutional adoption in 2024. During Galaxy Digital’s th...

The $588,000 was stolen across 38 transactions, with the largest transfer totaling $81,200. Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT. The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger hardware wallets to store cryptocurrency offline. Approximately 16.8 BTC worth $588,000 has been received by the scammer across 38 transactions using wallet address, “bc1q….y64q,” according to Blockchain.com. About $115,200 has left the scammer’s wallet across two transactions, leaving it with $473,800 or 13.5 BTC. Community Alert: There is currently a fake @Ledger Live app on the official @Microsoft App Store which was resulted in 16.8+ BTC ($588K) stolen Scammer address bc1qg05gw43elzqxqnll8vs8x47ukkhudwyncxy64q pic.twitter.com/rOZ0ZWRWbn — ...

Cointelegraph Markets Pro hands investors breaking alerts leading to multiple double-digit trades in a “dead” crypto market 2023 was anticipated to be the comeback year for Bitcoin. Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has sent investors more than 150 winning alerts so far this year.  Smart investors are not sitting on the sidelines and waiting for legacy coins to pop. Instead, they rely on Markets Pro — the breakthrough AI-powered crypto trading dashboard — to spot market-moving events before they drive select crypto prices up. As a result, they had the opportunity to jump ahead of gains like 50%, 61%, 80%, and even 88%. Those gains were spotted by just one of the AI indicators — Newsquakes which is considered the fastest and most actionable newsfeed in crypto — built into the dashboard t...

The network value to transactions (NVT) ratio for Bitcoin has reached its highest level in five years, hitting 1,779.542 on Oct. 31st, according to data from Glassnode. The NVT ratio is used to evaluate whether Bitcoin is overvalued or undervalued. The NVT ratio works similarly to the price-to-earnings (P/E) ratio used in stock markets. A high NVT ratio indicates that Bitcoin’s market valuation is exceeding the value transmitted through its payment network. This can happen when Bitcoin is experiencing high growth and investors are valuing it as a high return investment, or if prices are in an unsustainable bubble. Bitcoin’s market capitalization is currently divided by the daily volume transmitted through the blockchain to calculate the NVT ratio. The higher the ratio, the more overvalued Bitcoin may be based on its transaction activity. You might also like: New Bitcoin highs are coming: analyst The NVT ratio has been climbing steadily over the past year with s...

The prevalence of the industry’s most prominent digital asset has been undeniable throughout the year. Yet, with investors swarming amidst talks of potential exchange-traded fund approval for this year, could Bitcoin (BTC) actually reach $45,000 by the start of 2024? Following a false report of Spot Bitcoin ETF approval, the crypto surged across various platforms. Specifically, on Binannce’s BTC and USDT markets, the price had increased from $27.883 to $30,000 in just 30 minutes. Therefore, could that 7% rapid jump catapult the asset when approval comes to fruition? Bitcoin cryptocurrencies and graph statistic background Also Read: Bitcoin Price Forecasts at $56K Upon Approval of BlackRock ETF Spot Bitcoin ETF Approval Could Incite Climb to $45,000 Bitcoin has always remained in a class of its own as far as digital assets are concerned. Indeed, crypto stands alone in terms of its overall mainstream appeal and recognition from those outside of the industry. Yet, i...

Grayscale filed a new registration statement with the Securities and Exchange Commission after a D.C. circuit court ruled the regulator must look again at the company's application. Major cryptocurrency investment firm Grayscale has filed a new application with the Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF). Grayscale on Oct. 19 submitted an S-3 form registration statement with the SEC intending to list the shares of Grayscale Bitcoin Trust on the New York Stock Exchange (NYSE) Arca under the ticker symbol GBTC. The new filing comes in line with Grayscale’s ongoing effort to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF, according to a statement by Grayscale.  “We remain committed to working collaboratively and expeditiously with the SEC on behalf of GBTC’s investors,” the firm wrote in the announcement. The latest S-3 registration statement is a shorter filing version of a typical form S-1 statement that targets ...

According to a recent Forbes report, BlackRock and JPMorgan will bring about the next bull run in crypto, particularly for Bitcoin (BTC), Ethereum (ETH), and XRP. As per the report, all major cryptos will see “a huge BlackRock-led earthquake this month.” The report notes BTC’s price spike earlier this week due to fake reports about the U.S. SEC (Securities and Exchange Commission) approving BlackRock’s Spot Bitcoin ETF (Exchange Traded Fund). Moreover, Forbes also highlights that last week BlackRock became the first Wall Street firm to utilize JPMorgan’s blockchain-based collateral settlement system. According to BlackRock CEO, Larry Fink, the move will help bring in “the next generation for markets.” Also Read: JPMorgan Debuts Blockchain Settlement For BlackRock-Barclays Since last year, Fink has become increasingly vocal about the importance of crypto. He had called the technology “very important” in his annual sharehold...

Key takeaways Bitcoin continues to trade below $26,500 despite MicroStrategy’s latest BTC purchase . Chancer’s stage two presale has now surpassed the $2.2 million mark. The cryptocurrency market began the week in a bearish mode, with prices of most coins and tokens in the red zone over the last few days. However, that hasn’t halted Chancer’s presale as it continues to hit new milestones. MicroStrategy purchases 5,445 bitcoins Michael Saylor’s MicroStrategy has continued its foray into the cryptocurrency market by acquiring more bitcoins. The company announced the  purchase of 5,445 bitcoins on Monday for $147.3 million at the average price of $27,053 per coin. MicroStrategy now holds 158,245 bitcoins acquired for a total of $4.68 billion. Despite MicroStrategy’s acquisition of over 5,000 bitcoins, BTC’s price continues to underperform. At press time, the  price of Bitcoin stands at $26,273, up by l...

Bitcoin has once again fallen below $27k, currently down by 1.7% in the last 24 hours. The latest dip could be attributed to key financial events due later this week. On Tuesday, we will have the consumer confidence data and the new home sales data. On Thursday, we will get the revised GDP data for Q2 2023, pending home sales data, and US Federal Reserve Chair Jerome Powell’s speech. And lastly, on Friday, we will receive the August PCE inflation data. If last week’s macroeconomic events did not have much of an impact on the crypto markets, this week’s announcements could induce some fresh volatility for Bitcoin (BTC) and the larger market. Key Events This Week: 1. Consumer Confidence data – Tuesday 2. Building Permits/New Home Sales data – Tuesday 3. Q2 GDP Data – Thursday 4. Pending Home Sales data – Thursday 5. Fed Chair Powell Speaks – Thursday 6. August PCE Inflation data- Friday 7. Total of 6 Fed… — The Kobei...

Bollinger Bands are volatility indicators utilizing price bands. Traders buy near the lower band and sell near the upper band. A technical analysis tool called Bollinger Bands uses price volatility to provide probable entry and exit opportunities in trading. They are made up of two outer bands or lines and a centerline (the simple moving average for a 20-day period), which enlarges and contracts in response to changes in price. For thorough market analysis, they are frequently utilized in conjunction with other technical indicators. Bollinger Bands, explained Bollinger Bands were created by John Bollinger in the 1980s. They are a useful technical analysis tool used in cryptocurrency trading and other financial markets to evaluate price volatility, pinpoint probable reversal points, and make trading decisions. The three bands that help construct a Bollinger Band include: Upper band The upper band is created by multiplying the middle band by the price’s standard deviation. A price’s vol...

A significant chunk of short-term Bitcoin holders are currently underwater. In fact, the current proportion of holders with losses is at its highest level since FTX collapsed. A recent Analysis report by Glassnode brought to light, “Since selling off below $26k in recent weeks, more than 97.5% of STH supply is now held at a loss.” Even though this statistic is far from appealing, there is a silver lining to it. During bear markets, whenever more than 97.5% of the short-term holders are at a loss, the chance of seller exhaustion increases rapidly. This means the current conditions do not provide any incentive to holders to exit the market. Source: Glassnode Also Read: 95% of NFTs Have a Market Cap of 0 Ether Bitcoin Investor Confidence Unfavorable The sell-bias exhaustion does not guarantee a price trend reversal. It only assures that the asset will be able to cover its losses. For the uptrend to start, the accumulation trend has to get stronger, and it’s...

The world’s largest stablecoin is reported to have spent $420 million on 10,000 H100 GPUS from the Bitcoin miner Northern Data, according to a report in Forbes. However, a press release from Tether issued the next day stated this report had some inaccuracies in the stake size of the investment . A collaboration that will leverage AI According to Tether’s release, this collaboration with Northern Data Group, the Frankfurt-based company, will focus on initiatives around AI, peer-to-peer communications, and data storage solutions. However, Tether did not disclose any figures related to the collaboration. Tether Makes Strategic Investment into Northern Data Group – Set to Become the Biggest Independent AI Player in Europe Read more:https://t.co/L4F6V10ruk — Tether (@Tether_to) September 21, 2023 In contrast, Forbes reported on Sept. 20 that Tether was taking on a 20% stake in the Bitcoin miner who plans to rent the $10,000 chips to AI startups. The CEO of Nor...

The Lazarus Group has mastered the art of stealing crypto investors’ assets. Here are a few tips on how investors can protect their portfolios. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it's crucial to understand the type of threat that exists today.  FBI has clear evidence on the Lazarus Group The Lazarus Group is a North Korean state-sponsored hacking group, known for their sophisticated attacks linked to various cyberattacks and cybercriminal activities, including the WannaCry ransomware attack. WannaCry disrupted critical services in numerous organizations, including healthcare institutions and government agencies by encrypting files on infected computers and demanding a ran...

Coinbase has revealed that it will integrate the Lightning Network, a layer-2 payment protocol, into its platform. The decision aims to provide users with a faster and cheaper network for Bitcoin (BTC) transactions. The Lightning Network enables users to interact with Bitcoin (BTC) through a faster interface. Brian Armstrong, the CEO of Coinbase, said that the Lightning Network is one of the most vital assets in the crypto industry and that the integration will allow its users to enjoy faster transactions. The team did a great job digging into this, and we've made the decision to integrate Lightning. Bitcoin is the most important asset in crypto and we're excited to do our part to enable faster/cheaper Bitcoin transactions. Will take some time to integrate so please be patient. https://t.co/FneeXkLI25 — Brian Armstrong ️ (@brian_armstrong) September 13, 2023 Lightning Network development The Lightning Network is a solution that seeks to solve the scalability probl...

Bitcoin price has flatlined, but TON, XLM, XMR and MKR are showing signs of bullish momentum. Bitcoin (BTC) traded in a narrow range this week and is on target to form the third consecutive Doji candlestick pattern on the weekly chart. The cryptocurrency markets did not receive any support from the United States equities markets, which ended the week on a negative note. The S&P 500 Index dropped 1.3% while the Nasdaq closed down 1.9%.  Bitcoin’s weakness has dragged several altcoins lower, with many testing multi-week lows. This indicates that the broader crypto market is in a firm bear grip. Negative markets make it difficult for buyers to identify short-term bullish trades as rallies hardly sustain. However, it could be a good time for long-term investors to build a portfolio. Crypto market data daily view. Source: Coin360 According to a recent Amberdata report, 24% of asset management firms are appointing senior executives dedicated to the implementation of digital strategies....