The altcoin market is poised for a breakout, targeting $795 billion resistance. Bullish patterns predict a significant surge in the altcoin market by the year 2025. The Descending broadening wedge indicates an impending major rally for altcoins. The altcoin market is on the brink of a significant movement, according to the latest insights from crypto…
On Wednesday, spot bitcoin exchange-traded funds (ETFs) experienced $105.19 million in outflows, while spot ethereum ETFs managed to break their nine-day losing streak, pulling in $5.84 million in inflows. Spot Bitcoin ETFs Face $105M Outflow, Ethereum ETFs Bounce Back The biggest hit among spot bitcoin ETFs was ARKB, which saw a loss of $59.27 million….
A major Bitcoin investor bought 1,000 BTC during a recent price dip below $58,000. Despite the notable rise in Bitcoin’s market dominance, investor sentiment remains cautious. U.S. tech giants vie for energy assets, driving up power demand for data centers. A Bitcoin whale acquired 1,000 BTC during a brief dip below $58,000. While smaller traders…
The Bitcoin market is currently experiencing a period of weakness, with a 9.3% decline over the last 30 days. As of now, BTC is priced at $60,385.16 — significantly lower than the peak it reached in mid-March. But how long must investors wait for a strong bullish trend to emerge? According to a recent revelation…
Analysts predict XRP could surge to $10.4 if BTC reaches $80K, signaling a potential surge. Bullish momentum for XRP could emerge in Q4 2024, supported by historical trends. XRP could hit $27.3 if Bitcoin reaches $210,000, underscoring a strong price correlation. XRP may be on the brink of a significant price surge, with predictions suggesting…
The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply decreased. According to a thorough report from Glassnode, this quiet spell might be setting the stage for an uptick in market volatility. Glassnode Analysis Shows Bitcoin Market Entering a Tranquil Phase Amid Decline in Speculative Activity…
Inferno Drainer DApps hit 40,000 by July 2024, tripling amid rising crypto scams. Weekly creation of malicious DApps using Inferno Drainer has increased from 800 to 2,400. The rising number of scams are linked to bullish markets and new blockchain vulnerabilities. As the cryptocurrency market experiences bullish trends, there has been a major increase in…
El Salvador’s President Nayib Bukele revealed that the country has gained about $265 million after adopting Bitcoin as a reserve asset and legal tender. Bukele shared that El Salvador has invested $135 million in Bitcoin, which has since grown to $400 million in the public wallet alone. According to him, Salvadorans who embraced Bitcoin have…
Using crypto for gift cards in Australia triggers CGT based on the card’s market value. ATO clarifies CGT for crypto transactions, affecting Australia’s gift card programs. Topping up gift cards with crypto in Australia incurs CGT on the increased balance. Australian tax authorities have recently updated their guidance on cryptocurrency transactions involving gift cards and…
Altcoins are gaining traction as the crypto market enters a potential accumulation phase. Experts suggest several emerging alternative crypto coins could see significant growth in 2024. This trend is capturing investor attention amid evolving market dynamics. Also Read: Gold Prices Trade Safe Above $2,500 as US Dollar Risk Looms Investing in Altcoins: Best Picks and…
Warren Buffett’s company Berkshire Hathaway has recently marked a major milestone. The company’s market capitalization went above $1 trillion. Berkshire Hathway is now on a level almost the same as the market capitalization of Bitcoin, which has been on a manifold rise in the last decade. Berkshire Hathaway’s Market Surge This year has also turned…
Analyst predicts Bitcoin may reach $100k in Q4 if the $70k resistance level breaks. Bitcoin trades in a broadening wedge with key resistance at $70k and support around $64k. Analyst notes high liquidity at $60k, significant reaction zone near $70k. Bitcoin (BTC) has been navigating a complex market environment, marked by its struggle against significant…
Bitcoin (BTC) has had a rollercoaster ride throughout the past 12 months. The king coin saw major upticks and drastic downfalls. About six months ago, BTC also achieved an all-time high of $73,750.07. The asset is currently trading at $59,691.90, a 2% drop over the past seven days. Considering BTC’s current price level, the cryptocurrency…
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up…
A long-dormant Bitcoin (BTC) address has been reactivated after more than 11 years of inactivity. The wallet, which holds 100 BTC, was brought back to life on August 29, according to blockchain tracking service Whale Alert. Worth a mere $14,202 when the address was last used in 2013, the crypto stash has jumped by more…
The Bitcoin balance of Binance fell to 563,937.88 BTC after an outflow of 2,182.63 BTC intraday. Now, Coinbase Pro holds a greater Bitcoin balance than Binance and other exchanges. CoinGlass data states that the trading volume on Binance of BTC/USDT fell over 27%, reaching $16.04 Billion. Market watchers have several reasons for the sudden decline…
August 29, 2024 at 04:37 PM GST 2 mins read News Lightspark Extend enables instant Lightning payments for U.S. businesses, integrating with UMA and Lightning-enabled accounts. The service is compatible with over 99% of U.S. banks that accept real-time payments, offering fast, low-cost transactions. Businesses can onboard with Lightspark Extend via Zero Hash, a regulated…
Japan is planning tax reforms to support Web3 startups and ease crypto regulations. Japan’s government commits to reforms, seeing Web3 as key to economic growth and innovation. It may shift crypto taxes from 55% income to 20% capital gains to boost market investment. The Japanese government, under the leadership of Prime Minister Fumio Kishida, has…
Nvidia’s Q2 revenue soared to $30 billion, surpassing expectations by $1.32 billion. AI cryptos like FET, TAO, and RENDER fell by 6% shortly after Nvidia’s earnings release. Despite a revenue increase, Nvidia’s stock price dropped nearly 7% in after-hours trading. The cryptocurrency sector linked to artificial intelligence (AI) experienced a significant downturn immediately following Nvidia’s…
MicroStrategy, American software company has already become the largest institutional Bitcoin holder ranking even above certain countries. For the first four months of 2024, MicroStrategy purchased 25,250 more bitcoins, thus accumulating 214,400 BTC worth more than $14 billion. Such a stash is equal to more than 1% of all bitcoins and far exceeds the country’s…
59.8% of surveyed Chinese investors reported losses in cryptocurrency investments this year, primarily due to sharp declines in altcoin prices. Only 23% of the surveyed investors made a profit in 2024, while 17.2% reported no gains or losses, highlighting the market’s volatility. Bitcoin remained stable, but retail investors faced significant losses as altcoin prices sharply…
Mbappé’s hacked X account triggered a $MBAPPE scam, causing significant losses for investors. Quick memecoin tools like Pump.fun fuel rapid crypto scams, including $MBAPPE. Crypto scams targeting high-profile accounts are rising, with millions lost in minutes. French football star Kylian Mbappé found himself at the center of a cryptocurrency scam on Thursday after hackers gained…
Bitcoin ETFs experienced outflows totaling $105.3 million, with six out of 11 ETF issuers losing $59.3 million. Fidelity’s FBTC saw a $10.4 million outflow, while Bitwise’s BITB and VanEck’s HODL lost $8.7 million and $10.1 million, respectively. Grayscale’s products also experienced outflows, with $8.0 million and $8.8 million withdrawn from GBTC and BTC, respectively. BlackRock’s…
Marathon Digital Holdings (MARA) stock lost 35.71% YTD amid bearish momentum and poor Q2 earnings. CleanSpark stock fell 15%, and RIOT dropped 55% amid crypto market volatility and price fluctuations. In the YTD time frame, Mara’s stock price lost 35.71% of its trading price, reaching $17.13. As per available data, the first block of Bitcoin…
The diminishing demand for Bitcoin (BTC) and Ethereum (ETH), as depicted by the notable cash outflows from the respective US-based spot ETFs, has compelled crypto investors to shift focus to the small-cap altcoins, particularly meme coins for higher results. The total market cap for the top meme coins gained over 2 percent to about $42.3…
Ethereum’s green close suggests cautious optimism, but market sentiment remains indecisive. ETH/BTC is approaching 0.0450 BTC resistance; a breakout could trigger a bullish rally. Analysts watch the $2,477-$2,433 zone as a strategic entry point for potential ETH expansion. Ethereum (ETH) exhibited bullish activity as it closed with a green candle. However, market sentiment remains uncertain…
After touching recent highs of $64,653 for Bitcoin and $2,815 for Ethereum, in a sudden move backward, the cryptocurrency market had sharply backpedaled on Thursday, with Bitcoin shedding more than 6% and Ethereum dropping more than 7%. Related Reading This sudden fall has left many analysts and investors wondering about the future course of some…
Bitcoin’s price has decreased sharply from nearly $65,000 to under $58,000 recently. Despite the decline, BTC briefly recovered above $59,700, a 0.85% increase. As the cryptocurrency market navigates a turbulent period, Bitcoin (BTC) has showcased a significant drop, moving from nearly $65,000 to below $58,000 in recent days. This downward shift has been influenced by…
The recent controversy surrounding Telegram CEO Pavel Durov is raising alarms within the cryptocurrency community, with some experts suggesting it could be a ‘black swan event’—an unforeseen incident with potentially catastrophic effects. Here’s a breakdown of the situation and its impact on the crypto market. Durov’s Legal Trouble Mounts Pavel Durov is facing multiple legal…
Hamster Kombat will launch its HMSTR token on The Open Network on September 26. The popular Telegram game plans a player airdrop on the same day of the token launch. Hamster Kombat has attracted over 300 million players since its launch this spring. Telegram’s popular tap-to-earn game, Hamster Kombat, has announced a new launch date…
A Missouri man, Daniel Rhyne, was arrested for attempting to extort his former employer, a New Jersey-based industrial company. Rhyne, a former core infrastructure engineer for the company, allegedly sent an extortion email on Nov. 25, 2023, claiming to have locked out or deleted the company’s IT administrators from its computer network and deleted server…
Bitcoin’s price faces intense liquidation pressures as it hovers near the $60,000 level. If approached, a dense liquidity zone at $70,000 could spark a significant move. Market indecision keeps Bitcoin in a chop zone, with volatile price action expected. Bitcoin is currently navigating a critical area of liquidity, with recent market activity drawing attention to…
Bitcoin, the world’s leading cryptocurrency, has experienced a noticeable decline in its price over the past two days, dropping from a high of $63,000 to as low as $57,000. This decrease can be considered as unexpected as it surprised many. So far, crypto analysts are reassessing their outlook on Bitcoin. Despite no hope of a bullish catalyst…
DOGS saw a 20% surge in 24 hours, reaching a $2.37B market cap and $789.9M trading volume. Launch of DOGS triggers TON blockchain congestion with 20M transactions in 48 hours. The token gained 17M Telegram subscribers and 3.9M followers on X, as per familiar sources. The DOGS token has emerged as the leading performer among…
In a thread shared with his 538,000 followers on X, crypto analyst Miles Deutscher highlights the vital importance of retail investors to the sustainability of the crypto bull market. To understand the possible return of the crypto bull run, Deutscher believes it is essential to understand what has happened in recent years. Deutscher recalls the…
Telegram CEO has been released from police custody and moved to Court on Wednesday. Durov is required to report twice a week to the police and is barred from leaving France. Toncoin, the native coin of Telegram, is now operational after another block interruption. Telegram CEO Pavel Durov was released on Wednesday but not freed….
Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New Jersey-Maryland (PJM) grid, the site offers low-cost, flexible power ideal…
Polygon’s on-chain activity spikes with 3,369 active addresses on the network. A significant increase in dormant MATIC coin movements suggests a possible market shift. Age Consumed metric surge on Polygon hints at growing interest despite price dip. Polygon’s on-chain activity has surged despite the ongoing decline in MATIC’s price. Recent data highlights an increase in…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
August 29, 2024 at 09:20 AM GST updated: August 29, 2024 at 08:49 AM 2 mins read News The NVIDIA earnings report comes out positive with over $30 billion in revenue. One analyst predicted this outcome and admits to the report exceeding expectations. Analysts expect the bullish sentiment to slowly seep into stocks and crypto….
The Bitcoin price has become largely volatile ever since the crypto markets and the global financial markets suffered after the Japan market crash. The Bulls are trying hard to reclaim the lost levels, while the Bears are leaving no stone unturned to keep the rally within a restricted range. Meanwhile, the BTC price is displaying…
In the latest news, Vortex Brands Co. has started buying shares of MicroStrategy Inc. to copy MicroStrategy’s approach to buying Bitcoin. Vortex, a cryptocurrency miner, will purchase 10 MicroStrategy shares per month and report its positions quarterly. Vortex Brands Invests in MicroStrategy for Bitcoin As stated in a press release, Vortex’s first investment was to buy 10…
Bitcoin price started a consolidation phase near the $58,500 level. BTC must clear the $60,500 resistance to start a recovery wave in the near term. Bitcoin tested the $58,000 zone before there was a minor recovery. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend…
Amid growing global economic uncertainties looming over financial markets, including crypto, Warren Buffett has made a significant move by selling an additional $982 million worth of Bank of America stock. Buffett’s Sale Of Bank Of America Shares According to Bloomberg, this sale marks the continuation of his conglomerate’s reduction of investments in the second-largest US…
Former U.S. President Donald Trump has released a fourth series of non-fungible token (NFT) digital trading cards. The collection includes 50 unique cards, featuring images such as Trump holding bitcoin. Collectors may receive a physical trading card containing a piece of a suit worn during the presidential debate with Joe Biden and could be invited…
August 28, 2024 at 09:00 PM GST updated: August 28, 2024 at 08:09 PM 2 mins read News 44,808 Bitcoin worth $2.6B was withdrawn from Binance within 24 hours, raising concerns over potential market impact. Regulatory scrutiny and market volatility may have driven the massive Bitcoin withdrawal from Binance. Binance’s liquidity and the broader crypto…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…
Bitcoin witnessed a fall of around 11% in the last 3 days. Market is filled with fear as to why BTC suddenly started a downwards movement when it was on a good rise earlier. The market fell down to a lowest point of $ 57,800 today. Let’s try to find the real reasons behind this…
In this struggling cryptocurrency market, Bitcoin Whales and sharks are the ones continuously taking advantage of the price drop. Over the last 30 days, Bitcoin (BTC) the world’s biggest cryptocurrency has experienced a significant price drop of over 14%, potentially due to Japan’s interest rate update, Mt. Gox’s massive BTC distribution, the German government’s BTC…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in…