The global cryptocurrency market capitalization has decreased by 1.5% to $2.2 trillion as short liquidations in the crypto market decline. Meanwhile, One analyst forecasted a Bitcoin cycle top in December 2025 while another trader identified a key support level for a potential bounce. Could Bitcoin Be Nearing Its Peak? In a recent X post by…
The crypto markets are trading under a bullish influence, intending to reach beyond the interim resistance in a short while now. Meanwhile, the bulls have fallen short of their strength as the bears successfully squeezed some profits. The bitcoin price dropped and is approaching the crucial support at $63,000, while the Ethereum price is testing…
Bitcoin price started a downside correction from the $65,000 resistance zone. BTC could revisit $61,750 before it starts a fresh increase in the near term. Bitcoin failed to clear the $65,000 resistance zone and corrected gains. The price is trading below $63,500 and the 100 hourly Simple moving average. There was a break below a…
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…
Semler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We believe this increasing institutionalization will drive value for both bitcoin prices and for our stockholders.” Semler Scientific Expands Bitcoin Holdings Amid Growing Institutional Interest Semler…
August 27, 2024 at 05:17 AM GST updated: August 26, 2024 at 08:03 PM 2 mins read News With the cryptocurrency market evolving, several coins promise potential growth by 2024. Due to their new technologies, applications, and high community demand, these altcoins are gaining investors’ attention besides Bitcoin and Ethereum. This article will discuss five…
Market watchers have praised the Solana (SOL) price action throughout the month. The fifth-largest cryptocurrency by market capitalization has displayed a strong performance despite the market shakeouts, recently reclaiming the $160 support level. Analysts suggest that SOL might repeat history and kickstart a rally toward a new all-time high (ATH) soon. Related Reading Solana Breaks…
Abra Earn, the crypto firm’s lending product, is at the heart of the agency’s complaint. The cryptocurrency company allegedly began providing this service in July 2020. The newest crackdown by the US SEC involves charges against the crypto business Abra for providing consumers with unregistered digital asset services. According to a recent press statement from…
August 27, 2024 at 04:17 AM GST updated: August 26, 2024 at 07:54 PM 3 mins read News Despite the evolving cryptocurrency market, there is a growing demand for promising digital currencies. Some specific cryptocurrencies will make headlines in the coming year thanks to their distinct technologies and enhanced performance. The following article outlines ten…
Bitcoin (BTC) has regained significant momentum over the past week, breaking free from the $49,000 lows it reached during the broader market crash on August 5. Since the past seven days, the flagship cryptocurrency has surged over 8%, climbing above the critical $63,000 level and reaching as high as $65,000 on Sunday. This latest rally…
Bitcoin Runes processed 15.6 million transactions, resulting in fees of $162.4 million. Runes’ daily transaction share surpassed BRC-20 on most days in the previous 4 months. In its first four months of launch, Bitcoin Runes—a protocol for non-fungible tokens—processed 15.6 million transactions, resulting in fees of $162.4 million. In the first two months, Runes accounted…
Bitcoin has been trying to come over the $70,000 price mark for many days now. Everytime it comes near its target, something new fills the market with fear and BTC fails the mission. It now feels like a video game where you almost killed the boss but misses with little chance left. Let’s explore what…
Binance lists MiCA-compliant EURI stablecoin, starting trading from August 28. The exchange offers zero-fee promotions for the stablecoin for EUR/EURI and EURI/USDT. Banking Circle’s launch of Eurite envisions the broader availability of stablecoins. Binance, one of the world’s largest crypto exchanges, recently announced the listing of Eurite (EURI), the MiCA-compliant stablecoin. The platform has also…
August 27, 2024 at 12:17 AM GST updated: August 26, 2024 at 07:10 PM 2 mins read News Bitcoin leads the cryptocurrency market with the highest market capitalization, serving as a benchmark for digital assets globally. Ethereum’s smart contract capabilities and recent shift to Proof of Stake solidify its position as the leading blockchain for…
XRP price encounters resistance at $0.62, signaling a potential for market reversal. Technical indicators suggest a cautious market for XRP with signs of accumulation. XRP forms an ascending triangle, hinting at possible upward trend continuation. XRP encountered resistance at the critical $0.62 mark, halting its upward trend. This resistance level has proven significant, thwarting further…
Crypto investment products received $533M in weekly inflows from August 18 to August 24. This was driven by expectations of US interest rate reduction in September. Concerns about possible imminent interest rate reduction in September have led cryptocurrency investors to buy more crypto-related exchange-traded products (ETPs). On August 26, the cryptocurrency investment business CoinShares stated…
Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days….
SwapKit.dev, a leader in cross-chain infrastructure, has integrated BitPay, a Bitcoin and cryptocurrency payment processor. This integration allows BitPay Wallet users to directly swap a wider range of cryptocurrencies within their wallets. The integration expands the capabilities of the BitPay Wallet, enabling users to swap a wide array of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum,…
In the rapidly evolving world of cryptocurrency, privacy is emerging as a critical concern for investors and users alike. Privacy coins are at the forefront of this movement, offering enhanced anonymity and security in transactions. These digital assets are specifically designed to protect user identities and transaction details, making them highly appealing for those seeking…
Decentralized Physical Infrastructure Networks (DePIN) combine blockchain technology with tangible infrastructure applications. This integration fosters a revolutionary approach to technology use, enhancing functionalities across various sectors, such as wireless networking, data storage, geolocation services, transportation, and energy management. DePIN systems operate on digital currencies called tokens, which reward contributors who offer resources such as Wi-Fi…
Binance Labs invests in AI projects MyShell and Sahara AI for AI-blockchain integration. MyShell democratizes AI development; Sahara AI creates secure, decentralized AI platforms. AI enhances blockchain’s user experience, while blockchain ensures AI’s authenticity. Binance Labs has recently made strategic investments in two pioneering AI projects, MyShell and Sahara AI. As the venture capital and…
Following the Bitcoin price surge back to $64,000, crypto analyst Rekt Capital is predicting a major breakout move in the coming weeks. In a new video analysis, the analyst forecasts a significant market movement around October 2024, based on historical precedents and current chart patterns. Will October Be Bullish For Bitcoin Again? Looking at the…
XRP’s symmetrical triangle pattern signals a potential breakout and strong movement ahead. Activity on XRPL grows, with experts projecting XRP to soar beyond $200 in coming months. Increased trading volume near $0.50 suggests accumulation, pointing towards surge. XRP has recently gained attention within the cryptocurrency community, with discussions surrounding its potential price surge. Notably, Brett,…
Nasdaq-listed medical technology firm Semler Scientific has expanded its Bitcoin holdings by purchasing an additional 83 BTC for $5.0 million, according to an Aug. 26 statement. This acquisition brings the company’s total Bitcoin holdings to 1,012 BTC, acquired at a cumulative cost of $68 million, including fees and expenses. The company’s chairman, Eric Semler, explained…
In 2024, the Bitcoin network has hit some significant milestones, including reaching an all-time high price, achieving peak hashrate and difficulty, and recording the highest onchain fees ever. On top of these metrics, the blockchain also saw its busiest transfer day in history on April 23, with 927,010 transactions confirmed in one day. Bitcoin’s High-Traffic…
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital…
Powell’s comments led to a $533M inflow into digital assets, with Bitcoin gaining $543M. Bitcoin saw strong inflows, while Ethereum faced $36M outflows, showing diverging views. The U.S. led with $498 million inflows while Germany saw outflows of $9 million. Last week’s digital asset market saw a remarkable $533 million inflow—the largest in five weeks—primarily…
After a significant price surge of over 7% on August 23, 2024, the Bitcoin (BTC) price has been moving in a tight range. In this ongoing consolidation, recently a crypto expert made a post on X (Previously Twitter) stating that if Bitcoin price comes to the $61,500 level, it would be an ultimate opportunity to…
XRP’s symmetrical triangle hints at a potential bullish breakout if it clears resistance. A breach of $0.60510 could signal bearish trends, impacting XRP’s bullish outlook. Ripple’s $125M penalty might affect market sentiment amid ongoing SEC legal issues. In recent developments, XRP is showing promising signs of a potential bull run as highlighted by analyst Amonyx….
It’s a surprising performance for XRP in the crypto market today, alone spiking over 7% during the weekend rally led by Bitcoin’s attempt to breach the $65,000 mark. XRP made a high of $0.6304 but closed a bit lower at $0.6131. Even the slightest drop in this asset seemed to not deter its upward momentum,…
According to CoinShares’ latest weekly fund flow report, crypto investment products saw their largest inflows in five weeks, with $533 million pouring into the sector. James Butterfill, head of research at CoinShares, explained that these inflows followed remarks by US Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium last week. At the event,…
Analyst Scott Melker and sound money advocate Lawrence Lepard’s recent discussion explained the challenges and potential solutions for Bitcoin investors, while also providing details into his long-term views on the asset. He sees Bitcoin as a transformative and enduring investment, one that could eventually replace traditional forms of money like gold and silver, When asked…
Bitcoin (BTC) breaks out of its $57K-$62K zone, signaling a potential rally ahead. Ethereum struggles near $2,850 resistance, a key level for possible bullish momentum. Analysts see a minor Bitcoin pullback to $62.7K as healthy before a stronger rally. Bitcoin (BTC) has broken out of its recent consolidation zone between $57,000 and $62,000, signaling that…
Bitcoin has surged to $65K after dipping to $49K this month. Resistance at $67,300 could lead Bitcoin toward $80,500 if surpassed. $49,000 earlier this month. Over the past week, the cryptocurrency has surged by 9%, with a notable boost on August 23 when it crossed the $61,000 mark. This rally has instilled a bullish sentiment…
Stablecoin market cap hits a new high of $168B after 11 consecutive months of growth. Tether leads stablecoins with a $117.8B market cap, followed by USDC at $34.7B. First Digital USD shows strong 55.4% growth, while Ethena USD declines by 9.6%. The stablecoin market has reached a new milestone, achieving an all-time high of $168…
August 26, 2024 at 02:50 PM GST updated: August 26, 2024 at 02:25 PM 2 mins read News Bitcoin closed above the bull market support band, signaling potential further gains. Major cryptos like Ethereum and Solana also experienced significant price increases. Analysts remain cautiously optimistic, noting Bitcoin’s recovery and bullish momentum. Bitcoin’s recent price action…
Cthulhu Stealer pretends to be legit software, stealing passwords and crypto funds. Growing malware, including Cthulhu Stealer, challenges Apple’s secure reputation. Cthulhu Stealer targets popular wallets like MetaMask and Coinbase, putting users at risk. Apple Mac users are being warned about a new and dangerous strain of malware called “Cthulhu Stealer,” which could steal personal…
$INJ/BTC breakout suggests a bullish trend with potential resistance at 0.0012000 BTC. $ARB/USDT near key resistance whereby a breakout could drive a 129.92% rally to $1.40. $INJ supports at 0.0003013 and 0.0004000 BTC whereas $ARB supports around $0.50. Injective ($INJ) and Arbitrum ($ARB) are showing promising movements in their respective markets, hinting at potential bullish…
Floki gains momentum with a 36% rise after breaking out of its downward trendline. Pepe shows potential for a 300% rally as it consolidates within a wedge pattern. Analysts highlight Floki’s breakout and Pepe’s bullish setup for significant price growth. The crypto market is witnessing exciting developments, with tokens like Floki and Pepe showing potential…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Thailand’s authorities, comprising police and electricity officers, raided a house suspected to be a Bitcoin mine in Ratchaburi town, west of Bangkok after residents complained of incessant power outages. Given the equipment found when they visited, authorities say the house served as an illegal Bitcoin mine. According to a…
Vitalik supports DeFi but stresses sustainability over temporary token incentives. USDC’s widespread use aids the transition to decentralized stablecoins despite centralization. Decentralized finance must intersect with other tech to address centralization risks. Ethereum, known for its role as the foundation of decentralized finance (DeFi), has been the subject of much debate within the crypto community….
Shiba Inu to launch DAO giving token holders voting rights on future initiatives. Two councils will guide Shiba Inu DAO on community outreach and cultural preservation. Shiba Inu explores a potential ETF to boost market accessibility and liquidity for investors. The Shiba Inu (SHIB) community is gearing up for a significant transition. On August 24,…
Trying to time the Bitcoin bottom as the perfect time to buy is a pursuit for many cryptocurrency traders. As a result, crypto analysts have used various indicators in the quest to predict the best time to buy Bitcoin. This pursuit has not waned even with the BTC price hitting a new all-time high earlier…
Bitcoin eyes $67,000 with a bull flag pattern, while key support holds at $64,100. Low trading volume and resistance around $65,000 could challenge Bitcoin’s upward momentum. Bitcoin’s RSI at 58.50 indicates room for upward movement, with key support holding steady. Bitcoin’s recent price action has shown signs of potential growth and challenges in its journey…
August 26, 2024 at 07:46 AM GST 2 mins read News BTC’s upward trendline provides crucial support, keeping momentum intact toward the analyst’s $68K target by week’s end. The EMA50 serves as a critical support level, potentially guiding BTC through a retest before reclaiming upward movement to $68K. Successful trades in $FET and $RENDER support…
Bitcoin price gained pace and tested the $65,000 resistance. BTC must clear $65,000 to continue higher in the near term. Bitcoin started a steady increase above the $63,000 zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $63,450 on…
This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF…
Wyoming’s new stablecoin could challenge Bitcoin and Tether by offering a transparent, fully-backed digital currency. This initiative positions Wyoming as a leader in U.S. digital currency innovation, potentially setting the stage for a federal digitized dollar. Following a recent update by CNF on Wyoming legally approving CryptoFED DAO to operate as a legal entity in…
The Thai police conducted a raid on an illicit Bitcoin (BTC) mining facility in Ratchaburi, a town located to the west of Bangkok, in response to complaints from residents about recurring power outages that had been occurring for more than a month. The raid was done due to the inhabitants’ nonpayment of a significant portion…
A trader identifies patterns in Pepe Coin similar to Bitcoin’s previous surge, indicating potential for significant growth. Meme tokens like PEPE and POPCAT show promising trends, sparking excitement and speculation within the crypto community. In an analysis, notable trader Bluntz highlighted the latest performance of the meme token Pepe Coin (PEPE), indicating that it has…