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ETH at Crossroads as Analysts Clash Over Future Direction

3 days ago | fxdailyreport.com | Umair Younas

The top altcoin Ethereum (ETH) has again become the center of the debate among analysts concerning its current position and the long-term perspective. While the well-known crypto trader Michaël van de Poppe has highlighted Ethereum’s potential bullish divergence in short term, another veteran trader, Peter Brandt, has reinforced the skepticism by categorizing it as a “junk coin” in comparison with Bitcoin.
Bitcoin Back in 90’s with Renewed Demand

3 days ago | fxdailyreport.com | Umair Younas

Bitcoin ($BTC) has made another notable move with its latest massive price uptick. In line with the market data, Bitcoin has reclaimed the $90K mark, reinforcing the growing bullish sentiment across the community. At press time, BTC is trading at $90,722 after crossing $91k for some time as predicted. The latest price spike signifies a major step in Bitcoin’s upward trajectory in the longer run.
Coinbase Now Supports Reserve Rights ($RSR) Token on Base

4 days ago | fxdailyreport.com | Umair Younas

Coinbase, a well-known crypto exchange operating in the United States, has recently announced the provision of support for another crypto token. As per Coinbase, it will start offering support for the Reserve Rights ($RSR) token on its Base network in an endeavor to expand asset offerings. The platform disclosed this move on its official X account.
Gate Exchange Unveils MemeBox 2 to Simplify Meme Coin Trading

4 days ago | fxdailyreport.com | Umair Younas

Gate io, a prominent crypto exchange, has formally released a crucial upgrade to boost user interaction with assets onchain. As per Gate.io, it is launching MemeBox 2.0 which provides a seamless way to trade well-known meme coins without complications that are typically linked to Web3 environments. The endeavor is a noteworthy upgrade to offer a relatively user-friendly and streamlined approach to meme coin trading.
PlanB Slams Ethereum, Categorizes $ETH ‘Real Shitcoin’

5 days ago | fxdailyreport.com | Umair Younas

The ongoing slowdown in the price performance of Ethereum ($ETH) has caught the attention of notable crypto analysts. The popular Bitcoin analyst PlanB has criticized $ETH as a “real shitcoin,” while questioning the top altcoin’s long-term viability when compared with $BTC. He said this while replying to an old tweet of Vitalik Buterin, Ethereum co-founder, in which he had criticized stock-t0-flow model.
Bitcoin Whales Accumulate, Retail Exits: Potential Bull Run Ahead

5 days ago | fxdailyreport.com | Umair Younas

In a relatively quiet crypto market, a notable development is reportedly taking place in the case of Bitcoin ($BTC). Whales are aggressively accumulating $BTC at a time when the retail investors are exiting the Bitcoin ecosystem, highlighting the indications of a potentially impending bull market. Although BTC is trading sideways between $80k to $85k range, there are ample chances for breakout. Currently, it is trading at $84,259 per BTC.
$SOL Rebound Likely as Correction Nears End

5 days ago | fxdailyreport.com | Umair Younas

Solana ($SOL) is getting significant attention among traders with a bullish price pattern. As per charts and patterns, Solana’s price movement shows a prolonged triangle pattern, potentially indicating the correction wave for a likely bounce back. Solana ($SOL) Correction Wave EndsThe current market data shows that Solana ($SOL) is going through an extended triangle pattern. The respective structure typically takes place during the phases of high consolidation and volatility.
Binance Dominates Crypto Exchanges in Retail Activity

6 days ago | fxdailyreport.com | Umair Younas

Binance, the leading crypto exchange, has obtained a considerable position in the retail market. As per the latest data, Binance is currently dominating the retail activity as the Retail Dominance Index shows. This is the major reason Binance is enjoying the top status with highest trading volume. Binance Leads in Retail Activity in Crypto Sector with Staggering 89.6% ShareCryptoQuant’s Retail Dominance Index reveals Binance’s major share of 89.6% in the overall retail activity.
HashKey Capital Unveils Asia’s Earliest $XRP Tracker Fund

1 week ago | fxdailyreport.com | Umair Younas

HashKey Capital, a leading institutional asset management firm, has announced the latest plan to establish the earliest $XRP Tracker Fund in Asia. The HashKey XRP Tracker Fund will focus on tracking the well-known digital asset infrastructure platform Ripple’s native crypto asset ‘$XRP.’ The platform announced this development in a recent press release shared on its official website.
Michael Saylor Says Bitcoin Is ‘Immortal’

1 week ago | fxdailyreport.com | Umair Younas

Michael Saylor, the executive chairman of Strategy, the world’s earliest and biggest Bitcoin treasury platform, has reaffirmed his firm belief in the top crypto asset Bitcoin ($BTC). Michael Saylor has declared Bitcoin “immortal” in a recent X post. Saylor currently holds a staggering 17,732 $BTC in his personal Bitcoin holdings.