Crypto News Sentiment

Updated: 1 month and 10 days ago

Good News: Bitcoin flirts with $120,000, DOGE aims for 60% gains, and BBVA offers 24/7 BTC trading. Bad News: Pi Network crashes by 90%, ONDO slumps amidst profit-taking, and India cracks down on 25 crypto exchanges.
Positive news

MEXC Launches Futures Earn Program

MEXC Global has initiated the Futures Earn program, offering a 15% return on investment for its users. The initiative aims to attract more participants by providing generous returns on futures trading.

JPMorgan Stands Firm on Bitcoin’s Undervaluation

JPMorgan maintains that Bitcoin remains undervalued compared to gold, predicting a rally to $165,000. The report suggests Bitcoin could gain 42% from its current price.

Dogecoin Price Shows Strong Bounce

Dogecoin is poised for a 60% increase due to strong whale activity and a rebound from the $0.22 support level.

BB Coin Version 3 Ignites Excitement

BounceBit's new BB Coin version 3 has sparked enthusiasm in the cryptocurrency market, leading to a rise in the coin’s value.

CME to Offer 24/7 Crypto Futures Trading

CME Group plans to launch 24/7 crypto futures and options trading, responding to growing institutional demand. This move expands the accessibility of crypto derivatives.

XRP Price Surges Near $3.00

XRP is expected to break through the $3.00 mark, with analysts seeing potential for a significant rally towards $4.13. The support level at $2.80 has been crucial.

Bitcoin Could Reach $150,000 Soon

Charles Edwards, a popular analyst, predicts that if Bitcoin breaks the $120,000 level, it could quickly rise to $150,000.

XRP’s Uptrend Continues

XRP’s price is expected to remain bullish, with strong support at $2.80 and a potential breakout towards $4.13. Analysts highlight the importance of the $3.00 mark.

BBVA Launches 24/7 Bitcoin Trading

BBVA, a major Spanish bank, has launched 24/7 Bitcoin trading through its mobile app, aligning with MiCA regulations.

Bitcoin Price Flirts with $120,000

Bitcoin has surged past $119,000, defying broader market trends, and JPMorgan forecasts a rally to $165,000.

Perp DEXs Reach $1 Trillion Monthly Volume

Decentralized perpetual futures exchanges have hit a sector-wide trading volume

Negative news

Pi Network Price at Risk of Another Crash

Pi Network's coin price has plummeted by over 90% since its mainnet launch, resulting in a significant valuation drop from $18 billion to $2 billion. The potential for further decline is heightened as a major buyer, known as a "whale," ceases accumulation.

ONDO Slumps on Profit-Taking

Despite robust tokenization growth of $300 million, ONDO's price has stalled due to profit-taking. However, this growth indicates long-term strength, supported by strategic marketing efforts from Outset PR.

India Cracks Down on 25 Crypto Exchanges

India has taken stringent actions against 25 crypto exchanges for failing AML compliance. These exchanges have received notices, withdrawn access, and faced penalties, while some have registered under the PMLA. Cross-border transparency through CARF reporting is set to enhance.

Fitell Buys 216.8M PUMP, Stock Dips

Fitell purchased 216.8 million PUMP tokens worth $1.5 million, marking a debut buy that led to a 14% stock decline. This move aligns with Fitell's broader Solana strategy involving staking, custody, and DeFi, while institutions report holding nearly 18 million SOL.

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