Bitcoin (BTC) and Ether (ETH) have both witnessed aggressive profit-booking after hitting their respective new all-time high. This suggests that traders who had bought on rumors of a Bitcoin exchange-traded fund booked profits following the successful launch of the ProShares’ Bitcoin Strategy exchange-traded fund (ETF) (BITO). The bulls tried to stage a recovery in Bitcoin after the launch of the second BTC futures-linked ETF by digital asset manager Valkyrie on Oct. 22 but met with strong selling pressure at higher levels. The selling has pulled the greed level on the Crypto Fear and Greed Index from 84 on Oct. 21 …

Solana’s SOL coin rallied higher on Oct. 21 as traders shifted focus from Bitcoin (BTC) to the most promising altcoins. Notably, the price of SOL increased by more than 11% to over $196 a token, the highest level since Sept. 11. Combined with the gains recorded in the previous 36 hours, SOL was up by as much as 26%. Capital rotation in play? A new Bitcoin all-time high price on Oct. 20 triggered price rallies across the altcoin market as well. For instance, Ethereum’s native Ether (ETH) token posted better intraday profits on Oct. 20, closing 7.32% higher around $4,170. …

Bitcoin (BTC) surged to a new all-time high on Oct. 20, hitting close to $67,000. Ether (ETH) also broke above its immediate resistance and has started its march toward the all-time high. This pushed the total market capitalization of the crypto sector to a new all-time high above $2.64 trillion. The successful debut of the ProShares’ Bitcoin Strategy exchange-traded fund (BITO) acted as the trigger to boost sentiment in the crypto space. The ProShares’ ETF trading volume on the first day of the launch exceeded $1 billion, making it the second-most successful ETF debut based on the trading volume on …

ProShares Bitcoin Strategy exchange-traded fund (ETF) will enter the history books on Oct. 19 when it starts trading on the New York Stock Exchange under the ticker BITO. Market participants are likely to watch the volumes on the ETF closely to gauge the amount of participation from institutional investors. If the response is tepid for a few days, short-term traders may be tempted to book profits, but the bullish momentum may pick up further if demand remains strong. The latest CoinShares report for the week ending Oct. 17 shows that institutional inflows into crypto products have pushed the total assets …

On Oct. 15, news that a Bitcoin (BTC) exchange-traded fund (ETF) could start trading as early as next week sent Bitcoin price to $62,933 but the rally has cooled off since then. Some market participants believe that traders who bought the rumor of approval for a Bitcoin ETF product may sell on the news. Crypto trading firm QCP Capital said in an update that the approval of futures-based ETFs is unlikely to provide a long-term boost for Bitcoin prices similar to the one seen in the fourth quarter of 2020. While high volatility cannot be ruled out in the near …

Bitcoin (BTC) rose within a few steps of $63,000 today for the first time since April 18. The recent surge in the price may have been caused by various documents pointing to the eventual approval of a futures-based BTC ETF by the United States Securities and Exchange Commission. According to these documents, the regulator may be close to green lighting the application to list Valkyrie’s Bitcoin Strategy exchange-traded fund ETF on Nasdaq. Analysts pointed out that the price of gold had risen sharply leading up to the launch of the first U.S.-based gold ETF in 2004. Thereafter, the rally continued …

One virtual world is being reimagined with nonfungible tokens (NFTs) is Neopets, the virtual pet website. The team has announced the launch of their IP on the blockchain to provide new and improved user experiences. For those unfamiliar, Neopets is one of the very first online games to allow users to adopt a pet that they can explore the vast world with. Neopets can be raised, homes could be built, and rare items could be found. Over the last two decades, millions of people have engaged with Neopets characters in their virtual world of Neopia and shared it with their …

Solana (SOL) price technicals suggest SOL can hit $275 in the coming sessions. The upside outlook for the world's sixth-largest cryptocurrency by market capitalization comes as it consolidates inside a range that appears like a bull pennant. In detail, Bull Pennants are bullish continuation indicators that form as the price consolidates inside a symmetrical triangle-like structure following a strong move upside. The consolidation trend accompanies declining volumes, reflecting on the trend's underlying weakness. And, as the price approached the apex — the point where the pennant's trendlines converge, it tends to undergo a breakout to the upside, with the bull …

There have already been more than 1 million sign-ups for Coinbase’s nonfungible token (NFT) platform since the waitlist went live on Tuesd. Coinbase opened up the waitlist via a blog post announcing its upcoming NFT platform, which is slated to launch later this year. The platform, dubbed “Coinbase NFT,” will initially support the Ethereum-based ERC-721 and ERC-1155 token standards, with plans to expand support to other blockchains in the future. At the time of writing, there are almost 1.1 million people waiting for early access to the NFT platform. Sanchan Saxena, vice president of product at Coinbase, tweeted that the …

Bitcoin (BTC) has been sustaining above $54,000 for the past few days but that has not resulted in euphoria among investors. Google Trends data shows that Bitcoin search interest has not picked up in recent days and is nearing one-year lows. Some analysts believe that this is a sign that only stronger hands are accumulating. A recent report from CoinShares also showed that institutional investors pumped more than $226 million into Bitcoin products in the week ending Oct. 8. The analysis firm estimates that the total assets under the management of institutional crypto products have ballooned to $66.7 billion, just …

FTX.US’s nonfungible token (NFT) marketplace has expanded support to the Solana blockchain, enabling users to trade, deposit and withdraw NFTs that conform to the Metaplex token standard. The United States registered branch of FTX announced the expanded functionality on Tuesday, revealing the marketplace also plans to support Ethereum-based tokens in the near future. The marketplace is open to both U.S. and non-U.S. customers from a long list of jurisdictions, however, New York residents are unable to sign up for the platform. Brett Harrison, president of FTX.US, said that the firm is looking to provide “simpler, safer and easier tools” for …

Bitcoin (BTC) resumed its rally on Oct. 11 and climbed close to $58,000. This marks an almost 100% recovery from the May plunge and shows that any regulatory action by China is having only a temporary effect. The strong rally in Bitcoin in the past few days has boosted sentiment and analysts are back with their six-figure projections. Geoffrey Kendrick, head of emerging market currency research at Standard Chartered, anticipates Bitcoin to rally to $100,000 by early next year. David Gokhshtein, the founder of Gokhshtein Media and PAC Global, was even more bullish as he expects Bitcoin to reach $100,000 …