Bitcoin showing similarities to small caps as it struggles to break through $70,000, says Wolfe Research
Friday, April 26, 2024 3:47 PM"Bitcoin continues to demonstrate its inability to successfully get through that stubborn $70k resistance level," Wolfe's Rob Ginsberg said in a note Wednesday. "It reminds us of another group that has been unable to overcome its own resistance level ... small caps," he continued. Now, bitcoin has retested its highs while small caps have barely proved they can stay above $2,000 in [the Russell 2000 ]." BTC.CM= .RUT 6M mountain Bitcoin and Russell 2000 Bitcoin has been meandering in the $60,000 level since the beginning of March. All of the major stock indexes are down for the month, and the small-cap Russell 2000 is tracking for a deeper loss of about 6%.
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Bitcoin's Consolidation Is The 'Calm Before The Storm,' Veteran Trader Lark Davis Writes
Friday, April 26, 2024 3:36 PMDespite Bitcoin‘s BTC/USD consolidation period, veteran cryptocurrency influencer Lark Davis believes this is just the calm before the storm, pointing to several bullish factors for Bitcoin’s price. What Happened: In his latest tweet, Davis discussed Bitcoin’s current state, emphasizing the quietness in the market and the ongoing consolidation phase. He notes, “Bitcoin ETFs and whales [are] continuously buying thousands of Bitcoin every day.”Despite market consolidation, large investors are actively accumulating Bitcoin, as evidenced by ongoing whale transactions. Loading... Loading...Davis’s tweet serves as a reminder that while short-term market sentiment may be bearish, many traders remain long-term bullish. Read Next: Bitcoin’s Consolidation Phase Best Met With ‘Zoom Out, Perspective, Patience’ Approach, Says TraderThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Pantera bought more Solana tokens from FTX’s bankruptcy auction
Friday, April 26, 2024 3:20 PMVenture capital firm Pantera Capital successfully acquired an undisclosed amount of discounted Solana tokens in a recent auction orchestrated by the bankrupt FTX exchange managers. These purchases are unsurprising, considering Pantera was reportedly raising money last month to purchase up to $250 million worth of locked Solana tokens. Consequently, creditors are being encouraged to participate in the bankruptcy estate’s auction of its remaining Solana token holdings. Pantera’s new crypto fundIn parallel, Pantera Capital is raising over $1 billion for its latest venture, the Pantera Fund V, a comprehensive investment vehicle for various blockchain assets. This marks a departure from Pantera’s previous offerings, such as the Liquid Token Fund and Bitcoin Fund, and showcases a broader investment strategy.
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Bitgert Coin’s Trending Triumph: What’s Fueling the Frenzy?
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New Cryptocurrency Bull Run? Investors Piling Into AVAX, BONK, and Algotech
Friday, April 26, 2024 3:09 PMThe cryptocurrency market is currently buzzing with excitement as investors gravitate toward three promising coins: AVAX, BONK, and Algotech. According to CoinMarketCap, AVAX is currently trading at $39.27, marking a 5.97% increase over the past 24 hours. As meme coins continue to capture market interest, BONK’s recent performance could signal the beginning of a potential parabolic bull run for this viral token. Through presale opportunities, rewards, and giveaways, Algotech cements its leadership position in the cryptocurrency space, promising exciting developments ahead. For more details about Algotech:Visit Algotech PresaleJoin The Algotech CommunityDisclosure: This is a sponsored press release.
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2024’s Premier Crypto Presale: BlockDAG’s 30,000x ROI Takes the Lead Over SLOTH, SPONGEV2, SMOG, and BTCMTX
Friday, April 26, 2024 3:05 PMAbout The AuthorNull Transaction PR is a cryptocurrency marketing group responsible for article distribution across a myriad of news sites. If you're looking to advertise with us, contact us by email at [email protected] or visit our website.
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Marathon Digital Holdings Engages TaxBit To Support Crypto Accounting Needs
Friday, April 26, 2024 2:29 PMTaxBit, an industry-leading provider of crypto accounting and tax compliance solutions, has been selected by Marathon Digital Holdings, one of the world's largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, to advance the company's crypto accounting capabilities. This strategic collaboration underscores Marathon's dedication to enhancing its back-office accounting and reporting capabilities, ensuring a seamless approach to managing its expansive
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