Author: cointechies

In the final weeks of 2024, old crypto wallets woke up and transferred dozens and hundreds of tokens to exchanges or other addresses. Public curiosity is far from the only impact of such transactions. Let’s look at what influence whale transactions have on the market and why not everyone is happy with it. The Christmas rush of the whales On December 25, 2024, the Bitcoin wallet, which had remained untouched for almost 14 years, moved 20.55 BTC to another address. Over the years in your wallet, these coins have gained over $2 million in value. On the same day, another…

BlackRock’s IBIT Bitcoin ETF is the largest ETF launch in history After rapid acceptance by investors triggered a net inflow of billions of dollars within a year. After an impressive market debut year, Bitcoin spot exchange-traded funds (ETFs) are among the most prominent investment vehicles in the global market. She saw the immediate impact of the funds record a cumulative inflow of $35.24 billion and a net worth of $106.24 billion. However, the iShares Bitcoin Trust (IBIT) stands out among these funds. The ETF’s herculean performance 12 months after its market debut has made it the largest launch in ETF…

According to a popular crypto analyst, a chart pattern suggests an Ethereum (ETH) Layer 2 scaling solution altcoin could rise by 2,400%. Trader Ali Martinez tells his 105,800 followers on social media platform X that Polygon (MATIC) has been building a multi-year descending triangle since 2021. “This pattern shows lower highs heading towards strong horizontal support at $0.285, a classic setup for a potential breakout.” If Polygon closes above the descending resistance line at $0.69, we could see a big move. Based on the triangle structure, a breakout could target $12. Of course, it all depends on whether the price…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. New altcoin Catzilla, with a predicted 12,000% rise by 2025, offers investors a second chance at transformative crypto profits. Investors who regret missing early opportunities with top cryptocurrencies may have another chance. A new altcoin is causing a stir in the crypto community, with experts predicting massive growth by 2025. This digital asset could see gains of over 12,000% and potentially become the next big thing in the market. Discover what sets this coin apart. Unleashing Chaos: Why Catzilla…

Shiba Inu (SHIB) is facing a massive supply wall in its fight to return to early December highs. The crypto market continues to experience a bearish phase with asset prices continually declining. Amid this adverse market situation, Shiba Inu (SHIB) is one of the biggest victims as it has plunged more than 37% since its peak in early December. Despite the prevailing bear market, Shiba Inu seems to be clearly holding its own the price of $0.00002 Area but it has not succeeded in crossing this region. As SHIB attempted to reclaim $0.000025 on Christmas Day, it encountered stiff resistance.…

Ripple’s XRP token enters the new year with the burden of a four-year legal battle and the optimism of a rapidly changing regulatory environment. The XRP price predictions for the XRP coin are increasingly optimistic. What about the XRP price in 2025? After spending the second half of 2024 navigating volatile price swings, the digital asset is trading near the $2 mark, underscoring the uncertainty that still shapes the market. Source: BNC XRPLX The coming months could redefine XRP’s role in cross-border payments, especially if a positive legal outcome comes about and demand for stablecoins continues to rise. The past…

Three Ottawa residents have been identified as victims of a global cryptocurrency scam, according to the Ottawa Police Service (OPS). Ontario Provincial Police (OPP) announced that Project Atlas, an initiative to combat cryptocurrency investment scams, helped stop organized crime groups from stealing over $70 million worth of cryptocurrencies. Another $24 million in fraudulent losses have been frozen, although no arrests have been made so far. Detective Constable John Armit said the Ontario Provincial Police (OPP) passed investigative leads to international authorities, the crimes occurred outside Canadian jurisdiction and arrests were difficult. The investigation focused on identifying and assisting victims and…

Analyst Vincent Van Code warns XRP enthusiasts not to expect a big price increase on December 31st and advises taking a break during the holidays. As the year comes to a close, there is a lot of speculation in the XRP community about possible price movements. Many XRP enthusiasts are expecting a major event today that could trigger a significant price increase for the digital asset. However, Vincent Van Code, a software developer and voice in the community, has done so warned against relying too much on these predictions. Low probability of a major event In a tweet shared with…

Is the Bitcoin bull market over? Or ready to roar again? Bitcoin, the world’s largest cryptocurrency, suffered a significant price correction, falling to $94,830 – a drop of more than 12% from its monthly peak. According to CoinGecko, the decline is due to trading activity slowing over the holidays, with daily trading volume falling to $22 billion on December 29 from $41 billion the day before. Bitcoin typically sees volumes of more than $100 billion, but investor caution and lower participation during the holidays have dampened momentum. Market factors weighing on Bitcoin The price drop was attributed to several factors…

MicroStrategy shares fell to over $300 in the after-hours session on December 30. Could MicroStrategy be slowly losing momentum? MicroStrategy stock (MSTR) is down 46% from its all-time high in November. This comes as the company attempts to increase its stock holdings by billions of dollars to support its $42 billion funding strategy. According to Google Finance statistics, the company’s shares fell for the second day in a row and the price level hit a whopping low of $302.96, a loss of 8.2% of the share value. Late trading saw the share price fall further by three percent to $293.59.…