BitcoinBTCCryptocurrency EducationDOGEETHEthereumNews

Crypto News Digest by U.Today

2 Mins read

U.Today has prepared a summary of the top three news stories over the past day.

Ultra-bullish Bitcoin statement made by Samson Mow ahead of possible ETF approval

As the crypto community is eagerly awaiting the SEC’s decision regarding the approval of a spot Bitcoin ETF, Bitcoin maximalist Samson Mow took to X platform to share his mega-bullish expectations on BTC’s price movement. According to Mow, Bitcoin reaching $1 million may happen any day from now, and this sudden price surge will be “max pain” for most market participants. He explained that many companies, including his own, Jan3, have many plans and meetings scheduled for the year 2024, and should Bitcoin spike to $1 million, it would “derail everything.” Apart from Jan3, Mow named other big figures in the crypto space who would see their plans collapse in the event that BTC suddenly reached $1 million: analyst Plan B and his stock-to-flow model for Bitcoin, MicroStrategy with its goal to accumulate 1% of the Bitcoin supply and El Salvador, as it would not be able to issue Bitcoin bonds and buy more BTC below the $100,000 level.

Dogecoin (DOGE) whale transfers 332.9 million DOGE to Binance

According to data provided by Whale Alert’s X account, yesterday, a Dogecoin (DOGE) whale moved a large amount of dog-themed tokens to Binance. The transaction carried 332,931,620 DOGE (worth $26,612,151 at the time of transfer) from an unknown wallet to the aforementioned major exchange. It remains unclear what motivated the whale to make such a significant transfer, and Dogecoin enthusiasts are speculating about its potential implications for the broader DOGE ecosystem. Meanwhile, DOGE has seen a decline in its value, going down by 21.98% over the past 30 days. The Dogecoin community is looking forward to further developments, both in terms of the whale’s activities and the impact of the recent lunar launch on DOGE’s market dynamics. As a reminder, on Jan. 8, a real replica of the dog-themed token was sent to the moon onboard the Vulcan Centaur rocket.

Ethereum (ETH) at critical juncture as Michaël van de Poppe predicts bullish breakout

In a recent X post, renowned crypto analyst Michaël van de Poppe made a prediction about a potential bullish breakout for Ethereum (ETH), as the second-largest cryptocurrency currently finds itself in a critical position. According to van de Poppe, ETH is approaching the low of 2022 and is likely to take liquidity at that level. The analyst believes that in case a spot Bitcoin ETF gets approved by the SEC, there would potentially be a liquidation candle on the trading chart for the ETH/BTC trading pair. After this, van de Poppe foresees a rotation of funds into Ethereum, along with a bullish weekly divergence. Michaël Van de Poppe’s forecast is predicated on the idea that Ethereum could see a significant rise in response to the approval of the Bitcoin spot ETF. Thus, traders are keeping a close eye on the upcoming Bitcoin ETF decision, recognizing the interconnected nature of cryptocurrencies.


Source

1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Articles
Related posts
CryptoNews

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…
BNBCryptoNews

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…
CryptoNews

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.