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Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers. Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27. However, lower levels are likely to attract buyers as the bulls will want to maintain the momentum going into the final month of the year. The bears are likely to have other plans as they will attempt to deepen the correction. That could boost volatility in the last few days of November as both the bulls and the bears try for a monthly closing in their favor. Daily cryptocurrency market performance. Source: Coin360 While near-term uncertainty remains, Rich Dad Poor Dad author Robert Kiyosaki reiterated his long-term bullish view on Bitcoin, gold and silver in a X (formerly Twit...

Solana co-founder Anatoly Yakovenko recounts the “eureka moment” that birthed the blueprint for the layer one smart contract protocol aimed to be “hyper-optimized” and “fast as possible”. “I literally had two coffees and a beer, and I had this eureka moment at four in the morning," Solana co-founder Anatoly Yakovenko recalls as he leans back thoughtfully.  Speaking to Cointelegraph at the annual Breakpoint conference in Amsterdam, the co-founder recounts a late night brainwave of a “hyper-optimized, fast as possible” smart contract blockchain protocol. “The use case that I was going after was for central limit order books, like how to run something that's like the Nasdaq, but on a public permission-less blockchain ,” Yakovenko explains. “I thought that there was a clear win there if you have transparent data, everyone has fair and open rights and all this stuff is running on commodity hardware.” From surfing to smart contracts Solana’s roots are intrinsically linked to Yako...

Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing. A large part of the recent leg of Bitcoin’s (BTC) rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has a 50% possibility of getting approved, said Bloomberg senior ETF analyst Eric Balchunas.  Another bullish catalyst for the cryptocurrency markets could be a filing by asset manager Fidelity Investments to launch its Bitcoin spot ETF. CoinShares Chief Strategy Officer Meltem Demirors said that firms managing $27 trillion of assets are “actively” pursuing efforts to allow their clients exposure in the crypto space. Daily cryptocurrency market performance. Source: Coin360 Most of the focus in recent days has been on institutional money but the retail trader’s power should not be underestimated....

Solana ( SOL ) is the native coin of the Solana open-source project, which uses blockchain technology to provide decentralized finance (DeFi) SOL utions. It is currently trading at $22.71, with a market cap of $8,952,029,229, according to CoinMarketCap. SOL hasn’t had a price of over $100 in over a year. Additionally, it has hovered over the same $25 average throughout 2023. Some investors wonder if SOL will ever reach that $100 price range again. Is it possible that SOL can reach $100 by the end of 2023? Source: Outlook India Can Solana (SOL) Reach $100 This Year? While nothing is impossible, it is very unlikely that within the next few months, we’ll see SOL escape its current bearish phase. Since the FTX crisis at the end of last year, Solana has been negatively impacted and is now stuck around the $20 mark, after reaching as high as $36.77 in November. April saw signs of improvement for SOL , seeing it rally up $4 in an otherwise low month. However, this is nowhere c...

Holding gains above $1,750 remains a challenge for ETH, but derivatives data shows traders believe future downside moves will be limited to the most immediate price support. The price of Ether (ETH) declined 9.8% between Feb. 19 and Feb. 25 after the price resistance at $1,725 proved stronger than expected. Still, the correction was insufficient to break the 6-week-long ascending channel and did not cause Ether derivatives metrics to turn bearish. Ether (ETH) price index in USD, 1-day. Source: TradingView Ether's price resilience can be partially explained by the operational failure of some of its smart contract blockchain competitors. For instance, Solana (SOL) faced a 20-hour-long outage on Feb. 25, which was only resolved after a network upgrade coordinated by validators. The network restart also involved purging some of the latest slots, although Solana developers said that "no confirmed user transactions were rolled back or impacted." NEM (XEM) experienced a ...

The crypto trading firm sees NFTs becoming more intertwined with brand IP, while Web3 apps with "real world utility" gain traction. Despite an eventful year fraught with crypto collapses and price drops, Steven Goulden, a senior research analyst at crypto trading firm Cumberland has pointed to several “green shoots” to break the surface in crypto in 2023. In a 14-page “Year in Review” report released on Dec. 24, Goulden said he saw four “ emerging narratives ” in 2023 that will lead to “significant progress” for crypto over the next six to 24 months. These include non-fungible tokens (NFTs) becoming a “go-to method” of tokenizing a brand's intellectual property (IP), Web3 apps and games becoming “genuinely popular,” while Bitcoin (BTC) and Ether (ETH) could become more commonly used as a nation’s reserve asset. In 2023, we anticipate that we’ll see meaningful green shoots break the surface in several key areas, which will pave the way for significant progress in the...