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There is no denying that the cryptocurrency market has been increasingly volatile throughout the first few months of the year. Yet, with Bitcoin turning things around in a big way, there is hope for emering. That being said, can Chainlink (LINK) reach a $19 price point before Memorial Day kicks off the official start to summer? The week has seen Bitcoin reach a new all-time high of $111,000 in a record-setting surge. That could be an indication of what investors are likely to see take place in the coming weeks. Moreover, Chainlink may be set to be an asset that gets a major boost from the shift. Source: Binance Academy Also Read: Chainlink Doubles Investor’s Money: Should You Invest in LINK Now? Chainlink to $19? Here’s What to Expect From LINK to May End Chainlink has been at the center of some incredible developments in the digital asset sector this year. Indeed, it was a key part of JPMorgan’s groundbreaking inaugural public tokenized transaction. Both the network and Ond...

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Dogecoin (DOGE) is witnessing increased whale transactions, with an artificial intelligence (AI) tool projecting that such activity will likely help the token spike by almost 200% by year-end. Indeed, according to data shared by on-chain cryptocurrency analytics platform Glassnode on April 11, Dogecoin whales accumulated 80 million DOGE in just 24 hours. Historically, such transactions have often hinted at imminent price growth, as whale purchases tend to signal confidence in the asset. These transactions could boost Dogecoin, which has recently struggled with massive volatility. As of press time, DOGE was trading at $0.17, having rallied over 6% in the past 24 hours. On the weekly chart, the meme coin is up 13%. DOGE seven-day price chart. Source: Finbold At the current price, Dogecoin is still trading well below its 50-day and 200-day simple moving averages (SMA), indicating a bearish trend in both the short and long term.  The 14-day relative streng...

The cryptocurrency market had an eventful weekend. Almost every asset in the industry recorded a notable spike. As Bitcoin (BTC) continues to gain and hit new peaks, altcoins are following suit. Amidst this, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) were seen rising much higher than its counterparts. Also Read: After Massive Surge, Dogecoin On Path to $1? Shiba Inu’s Meteoric Ascent The second largest meme coin managed to beat its counterparts, Tron (TRX) as well as Toncoin (TON), and entered into the coveted top ten. SHIB currently stands as the 10th largest cryptocurrency, with a market cap of $15.64 billion. Alongside this, Shiba Inu witnessed a staggering 56.44% rise over the last couple of days. The asset went from trading at a low of $0.00001681 to a high of $0.00002765. At press time, SHIB recorded a slight setback and was trading at $0.00002652. This comes after an 18% rise over the past 24 hours. Source While the overall market sentiment contributed to this asc...

Meme cryptocurrency Shiba Inu (SHIB) is experiencing short-term price volatility, but an artificial intelligence (AI) tool is forecasting that the token will likely see some stability and rally by the end of 2024. At press time, SHIB was trading at $0.00001712, reflecting a 24-hour gain of slightly over 1%. This comes as the token attempts to recover from a sharp drop on October 26, that contributed to its decline of over 6% in the past week. SHIB seven-day price chart. Source: Finbold AI predicts SHIB’s price for end of 2024 To gain insights into how SHIB may trade at the end of 2024, Finbold consulted OpenAI’s ChatGPT-4 tool.  Picks for you Orderly Network expands to Sei 6 mins ago Tesla vs. Palantir? We asked ChatGPT w...

Bitcoin made a 24-month high on day one of open trading for spot BTC ETFs less than 24 hours after the SEC issued approval.  On Jan. 11, the price of Bitcoin (BTC) hit $49,000 for the first time since December 2021 as trading opened for spot BTC ETFs across major U.S. exchanges like the Nasdaq, NYSE, and CBOE.  BTC’s surge amounted to nearly a 10% increase in price, with Bitcoin’s market cap less than $100 billion away from becoming a $1 trillion asset. When this report was written, BTC’s price had somewhat retraced due to expected market volatility amid euphoria for spot BTC ETF approvals.  As crypto.news previously reported, crypto’s leading token has a clear path to $55,000 and beyond if the $48,000 range is flipped into support. This could trigger a further run toward the $69,000 all-time high, only 31.1% away at press time. Bitcoin breaches $49,000 | Source: TradingView You might also like: Robinhood to add support for spot Bitcoin ETFs ‘as soon as possible...

Cathie Wood believes the SEC’s decision on spot Bitcoin ETFs may significantly impact institutional crypto adoption. Wood views this imminent approval as a pivotal moment, suggesting that such approval could be the “final seal of approval” for institutions considering crypto invest ments. In collaboration with 21Shares, ARK Invest awaits a decision on their ARK 21Shares Bitcoin ETF (ARKB) proposal, with a ruling expected by Jan. 10. The SEC’s previous approval of Bitcoin futures ETFs in October 2021 was seen as a cautious yet progressive step despite concerns about counterparty risks compared to spot products backed by Bitcoin in cold storage. Most Bitcoin ETF proposals name Coinbase as the custodian, which adds a layer of security and legitimacy. A court victory in July by Grayscale Investments against the SEC further underscores the tension and evolving landscape. The court criticized the SEC’s decision to deny Grayscale’s Bitcoin ETF conversio...