Yesterday’s weekly close of the Bitcoin price below the $26,000 mark has raised concerns among analysts and traders. This move could potentially signal a further decline for the leading cryptocurrency, as it appears to be the first step to confirming a double top formation on the weekly chart. Rekt Capital, a prominent figure in the crypto analysis sphere, took to […]

Anxiety ahead of the release of the consumer price inflation data from the U.S. on Wednesday dominated market sentiment across asset classes and regions. Besides the U.S. CPI readings, several economic data updates including Consumer and Business Confidence from Australia, Unemployment Rate and GDP from U.K., Economic Sentiment from Germany, Industrial Production and Retail Sales from China as well as […]

In a recent comprehensive report by Capriole Investments, Charles Edwards presents a compelling case for why 2024 will be a pivotal year for Bitcoin, potentially offering the highest returns in its current four-year cycle. The report delves into multiple facets of Bitcoin’s future, including its role as an inflation hedge, the upcoming Halving event, and the impact of imminent ETF […]

Shares of G-III Apparel Group, Ltd. (GIII) are surging more than 16% Thursday morning to touch a new high of $23.20, after the company raised its full-year outlook, above analysts’ view. For the full year, G-III Apparel now expects adjusted earnings per share in the range of $3.20 – $3.30, up from the previous outlook of $2.80 – $2.90. Analysts […]

In its new monthly report titled “The Bitcoin Monthly: Bitcoin Battles Resistance Around Its On-Chain Mean”, Ark Invest has provided an exhaustive analysis of the current market landscape. The report categorizes its findings into bullish, neutral, and bearish perspectives, providing a holistic view of Bitcoin’s current and potential future stance. Bullish Arguments For Bitcoin Grayscale Spot ETF and GBTC’s Discount […]

Shares of Mitek Systems, Inc. (MITK), a provider of mobile image capture and digital identity verification solutions, are rising more than 14% Wednesday morning after reporting upbeat results for its first-quarter ended December 31, 2022. The company also raised its annual revenue outlook. Mitek reported a profit of $4.73 million or $0.10 per share for the first quarter, up from […]

The landmark win that Grayscale Investments scored last month likely clears the path for spot Bitcoin exchange-traded funds (ETF) as the United States Securities and Exchange Commission (SEC) will have no choice but to approve multiple applications, according to a report by JPMorgan. Is Grayscale’s SEC Victory The Catalyst For Spot Bitcoin ETF Approval JPMorgan analysts led by Nikolaos Panigirtzoglou […]

Blockchain analytics company Santiment reports a significant surge in on-chain volume for XRP, the cryptocurrency that powers Ripple’s cross-border payments solution. Santiment notes that as of the beginning of September, XRP has recorded its highest on-chain volume since February 1st. This increase is accompanied by a marked rise in development activities related to the digital asset. Santiment highlights that XRP […]

Cryptocurrencies surged more than 4 percent in the past 24 hours amidst euphoria following Grayscale Investments, LLC securing a court win against the SEC’s earlier order denying approval for Bitcoin Spot ETF product. Bitcoin’s price touched a high of $28,089.34 amidst the U.S. Court of Appeals for the District of Colombia Circuit releasing a court opinion on the case. The […]