Bitcoin is the topmost cryptocurrency in terms of market cap. It has a market cap of over $1,268,023,547,204. Ethereum, though is the second highest in the list of the top cryptos, with a market cap of $332,144,936,958, is far behind Bitcoin in terms of market cap. As of today, Bitcoin has a massive market dominance…
The market leader in the cryptocurrency segment, BTC, has grown even higher and stands at nearly $ 64,000, a high rate set amid an upward trend. The combination of the following has led to this rally: The first acting factor is the growing presence of institutional investors in the market due to Bitcoin’s long-term investment…
August 24, 2024 at 12:10 PM GST 2 mins read News Russia is launching crypto exchanges in Moscow and St. Petersburg to support digital payments. The new stabilised tokens will be tied to the Chinese yuan, offering stability for international trade. These moves aim to strengthen economic ties within BRICS and decrease reliance on the…
U.S. crypto exchange Kraken fails to dismiss a lawsuit filed against it by the SEC. The SEC alleged that some of the transactions made by Kraken are subject to securities law. The Judge states that an asset can be considered a security if it passes the Howey Test. Crypto exchange Kraken faces another lawsuit filed…
Yesterday, Bitcoin (BTC) spiked over 6% following Federal Reserve Chairman Jerome Powell’s announcement that they are adjusting its policy and hinting at a potential 25bps rate cut at the next meeting on September 18. This unexpected news has fueled Bitcoin’s recent volatility, with prices swinging unpredictably in the past weeks. Related Reading Crucial on-chain data…
Prometheum Capital plans to add Uniswap (UNI) and Arbitrum (ARB) tokens to its custodial platform, treating them as securities. The classification of these assets as securities is controversial and could impact regulatory discussions. Prometheum, a digital asset trading and custody firm, has announced the addition of Uniswap (UNI) and Arbitrum (ARB) to its custodial platform….
Bitcoin (BTC), the world’s largest cryptocurrency, is currently on a bullish momentum as it breached the psychologically important level above $61,000. With changing global macroeconomic trends, here are three reasons why BTC prices may climb toward $70,000 soon. The Fed Rate Cut on Bitcoin The Federal Reserve’s decision to cut interest rates remains a major…
Dogecoin price shows a potential bullish breakout in descending wedge formation. A bullish reversal pattern hints at significant price gains for the meme-based altcoin. The crypto analyst predicts a 77% price surge if a breakout occurs in Dogecoin. Dogecoin, a popular meme coin, is showing signs of a potential breakout, according to a recent analysis…
August 24, 2024 at 10:40 AM GST updated: August 24, 2024 at 10:21 AM 2 mins read News Bitcoin is forming a Bull Pennant pattern, signaling a potential price surge. Titan of Crypto predicts BTC could rally to $178,000 if the pattern confirms. Candle wicks show ongoing buying pressure despite market uncertainty. Bitcoin (BTC) is…
Crypto prices experienced a boost on Friday, with U.S. Federal Reserve Chairman Jerome Powell confirming a monetary easing cycle next month and crypto-friendly RFK Jr. endorsing Donald Trump in the presidential campaign. Bitcoin (BTC) rose by 5.6% over the past 24 hours after Kennedy’s announcement, trading at $63,800. Tokens like ether, Tezos (XTZ), and Solana…
August 24, 2024 at 08:33 AM GST 2 mins read News Bitcoin’s breakout from a bullish reversal pattern suggests a potential target of $67,380, up 9.75% from the breakout level. Despite upward momentum, Bitcoin faces resistance near $64,000, with the RSI flattening and MACD momentum showing signs of slowing. Key support stands at $60,000, while…
August 24, 2024 at 07:37 AM GST 2 mins read News Robert F. Kennedy Jr. suspends campaign, endorses Trump after aligning on key issues, including Bitcoin and opposition to CBDCs. RFK Jr.’s name remains on the ballot in many states, giving voters an alternative without impacting Trump or Harris in battlegrounds. Trump and Kennedy’s pro-Bitcoin…
Economist and market analyst Henrik Zeberg has made an updated bullish forecast for Bitcoin, predicting that the leading cryptocurrency could surge between $115,000 and $120,000. Zeberg, who forecasted a rise to $95,000-$100,000 in December 2022, revised his prediction based on his Business Cycle Model. Related Reading Bitcoin On The Verge Of A Breakout? Despite a…
In Q2, the five Bitcoin miners that JPMorgan keeps tabs on mined 5,854 Bitcoin. Some miners are shifting their computational power from Bitcoin mining to AI projects. A recent research from JPMorgan states that Bitcoin miners are finding it difficult to maintain profit due to the April halving of the Bitcoin network and increasing power…
RFK’s views left an impression on the crypto world, and his campaign was well-publicized. The pairing of the two leading candidates might cause some trouble for Kamala Harris. In a court filing, Robert F. Kennedy (RFK) Jr., a politician who has been vocal in his support for Bitcoin and who ran for president before, confirmed…
On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate bitcoin miners managed to snag some blocks…
Jerome Powell said that interest rate reductions are in the works. The market’s expectation is that the Fed will decrease interest rates by 100 bps this year. The most powerful indication of Fed rate reduction came from US Federal Reserve Chair Jerome Powell during his Friday address in Jackson Hole. Following the recent publication of…
Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which…
RFK Jr. announced Friday he was suspending his presidential campaign and taking himself off the ballot in battleground states. The pro-bitcoin candidate will aim to swing the election to former President Donald Trump’s advantage. Robert F. Kennedy Jr said Trump had asked to “enlist” him in a Trump administration, an offer that followed weeks of…
Amid Bitcoin’s current gradual recovery in price, attention has been drawn towards the asset as it prepares to be on the verge of closing its seventh consecutive monthly candle above the all-time high (ATH) of 2021. Renowned crypto analyst Moustache recently took to X to highlight this key milestone, emphasizing the importance of higher timeframes…
The United States’ most popular independent candidate for President has officially placed his political support behind Donald Trump in the 2024 Presidential election. His endorsement places two of three leading Presidential candidates who are explicitly pro-Bitcoin on the same political team. Why RFK Has Endorsed Trump Kennedy said that the Trump campaign had offered him…
Binance integrates mobile money, boosting crypto access in four African countries. The new OCBS feature by Binance simplifies crypto transactions via mobile money accounts. Binance enhances security with strict KYC, safeguarding user assets and personal data. Binance, the global cryptocurrency exchange, has introduced a new feature to simplify crypto trading in Africa. The “One Click…
Your guide: How to Convert Wrapped BTC to BTC? When it comes to Bitcoin, being flexible and easy to use is very important. You can do that with Wrapped Bitcoin (WBTC), which lets you use Bitcoin (BTC) on the Ethereum system. What if you need to change your WBTC back to BTC? The process of…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
Bitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor behavior, with short-term holders bearing the brunt of recent losses. Long-Term Bitcoin Holders Show Resilience, Averaging $138M in Daily Profits, Says Glassnode Glassnode‘s…
August 23, 2024 at 11:00 PM GST updated: August 23, 2024 at 08:39 PM 2 mins read News Coinbase enables instant Bitcoin transfers up to $10,000 via the Lightning Network for its 100 million users. The Lightning Network integration on Coinbase offers lower transaction fees and faster transfers, enhancing Bitcoin’s usability. Coinbase’s adoption of Lightning…
Parity’s “Proof-of-Ink” uses blockchain tattoos to secure digital identity and ensure privacy. Gavin Wood announces Proof-of-Ink, launching in Q4 2024, advancing Web3’s mainstream adoption. Unique blockchain-generated tattoos with Proof-of-Ink provide privacy-focused digital identity. Parity Technologies has unveiled a pioneering solution to secure digital individuality in the Web3 ecosystem. Known as “Proof-of-Ink,” this innovative approach would…
The biggest inflow among the funds was $75.49 million into BlackRock’s IBIT. Grayscale’s GBTC, the second-largest spot bitcoin ETF, had $28.36M left the fund. U.S. spot bitcoin ETFs have now had six consecutive days of positive inflows, with Thursday’s data showing net inflows of $64.91 million. SoSoValue data shows that on Thursday, the biggest inflow…
AVAX’s recent price surge signals strong bullish momentum and high trading volume. Key resistance levels to watch are $26.10 and $26.50 with support at $23.47 and $24.50. Institutional interest from Grayscale and Franklin Templeton boosts AVAX’s outlook. Avalanche (AVAX) has recently experienced a notable price increase, climbing from approximately $23.47 to the level of $26.19…
The Chinese government extradited Zhang Moumou, a financial criminal suspect, from Thailand. Zhang was the head of the notorious MBI Group that operated an online pyramid scheme. The team lured over 10 million people, embezzling a massive 100 million yuan. China’s Ministry of Public Security has recently announced the extradition of Zhang Moumou, who allegedly…
SkyBridge Capital Founder, Anthony Scaramucci has predicted that Bitcoin (BTC) could reach $100,000, during a recent Squawk Box CNBC interview. The prediction comes amid a recovery in the coin’s price and the broader crypto market. Anthony Scaramucci on Bitcoin As Store-of-Value Speaking on Bitcoin and Gold, Scaramucci says he does not consider himself as much…
OKX will delist tokens like FITFI and GARI due to user feedback and high-risk concerns. CEO Star Xu stated that accounts linked to sanctioned entities will be terminated. The delisting reflects the growing regulatory pressure on cryptocurrency exchanges. OKX, the second-largest offshore cryptocurrency exchange, announced its decision to delist several tokens, including FITFI, GARI, XPR,…
In a week marked by economic anticipation and turbulence, the crypto market experienced a rollercoaster ride as the Bitcoin price surged and retreated in response to Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium. Bitcoin Price Rallies On Powell’s Dovish Tones Powell’s remarks struck a dovish tone, indicating that the central…
Federal Reserve Jerome Powell outlined the Federal Reserve’s next steps for monetary policy in his speech on Friday morning at the Jackson Hole Economic Symposium. This annual event in Wyoming serves as a critical platform for central bankers to discuss potential policy shifts, and Powell’s address could have significant implications for global markets. Investors are…
Colombia’s Superintendency of Industry and Commerce (SIC) has served Worldcoin with a letter to the country’s data protection law. The issues concerning the privacy of the customers were also arising from how Worldcoin was collecting and processing personal data, the biometric data for that matter in the form of iris scans without appropriate authorization and…
Shibarium celebrates its first anniversary with over 417M transactions and 1.8M wallets created. Shiba Inu sees 81% rise in whale activity post-Shibarium anniversary, totaling 2.1T SHIB. SHIB price increases 0.66% following Shibarium’s first anniversary, BONE and LEASH vary. Shibarium, the Layer 2 blockchain within the Shiba Inu ecosystem, recently celebrated its first anniversary. Shytoshi Kusama,…
Bitcoin (BTC), the world’s biggest cryptocurrency has seen a notable breakout of the crucial $62,000 level after struggling for almost 20 days. Based on the price action and technical analysis, this is a breakout from a bullish ascending triangle, which may lead to a significant upside rally in the coming days. Biggest Breakout in Bitcoin…
Bitcoin holds strong above $60K, showing resilience as the crypto market recovers. Several top cryptos, including DOGE and SOL, recorded gains, reflecting positive sentiment. Smaller altcoins like ALPACA surge, showcasing potential in a volatile crypto market. Renowned analytical platform CryptoRank has revealed that Bitcoin remains steady above the $61,000 mark, showing resilience in a market…
Mt. Gox, the now-closed crypto exchange, has moved a substantial quantity of Bitcoin to Bitstamp in anticipation of forthcoming payments to creditors. The cryptocurrency market had varied responses after the transfer, with Bitcoin encountering a marginal decline and Ethereum witnessing a small rise. Additionally, prominent cryptocurrencies like Binance Coin and Solana experienced a decrease in…
Henrik Zeberg, Head Macro Economist at Swissblock, has reasserted his prediction that a US recession is inevitable, but not before a dramatic upswing in financial markets, including a substantial rally for Bitcoin to heights between $115,000 and $120,000. In his most recent analysis posted on X, Zeberg expounded upon the cyclical nature of markets and…
Federal Court rules Kraken’s Bit Trade breached Australian law with margin trading product. ASIC wins case against Bit Trade, underscoring the importance of crypto compliance. Kraken to follow court ruling as Bit Trade’s margin product deemed a credit facility. The Federal Court of Australia has ruled against Bit Trade Pty Ltd, the operator of Kraken’s…
The market is facing severe volatility as the two main assets, Bitcoin (BTC) and Ethereum (ETH), are in crucial accumulation phases. However, Bitcoin has performed better over the past ten days, standing out amid the fluctuations. Related Reading The ETH/BTC chart reveals this shift. At the time of writing, Ethereum’s price in Bitcoin terms was…
The Chinese government announced the extradition of the mastermind behind a multi-billion-dollar crypto pyramid scheme from Thailand, according to an Aug. 23 statement. The Chinese Ministry of Public Security identified the suspect as Zhang, who was extradited on Aug. 20. Zhang is accused of leading a $14 billion crypto pyramid scheme. Zhang allegedly began his…
Since March 16, the Salvadoran government’s cold wallet address has consistently purchased 1 BTC daily. In the process, it has accumulated 160 BTC over more than five months. El Salvador’s Government Buys 1 BTC Daily According to the latest data shared by Chinese crypto data account EmberCN, this strategic accumulation has brought the nation’s total…
Nearly $5 million in USDT linked to a crypto investment fraud scheme was seized. The scam involved creating fake romantic relationships to deceive victims into investing. The FBI successfully traced and recovered some stolen funds, with Tether’s assistance. The U.S. Attorney’s office for the Eastern District of North Carolina had seized nearly $5 million in…
Bitcoin demand growth turned negative, contributing to price drop from $70K to $49K. Whale holdings growth fell to 1%, historically linked to decreasing Bitcoin prices. Stablecoin market cap hits record $165B, potentially signaling future Bitcoin price rise. Bitcoin’s market has recently shown signs of cooling demand, marking a significant shift from earlier bullish trends. According…
As Bitcoin nears $70,000, many altcoins are set for major growth. This surge is fueled by new blockchain technologies and market trends. Digital assets are also evolving, and this might offer investors the chance to earn. Let’s explore this topic further and see what altcoins can surge in the next period of time. Also Read:…
Bitcoin price hit $61K in the last 24 hours. El Salvador holds 5,850 BTC valued at $355.83 million. The crypto market has briefly recovered from the recent dip, and the global crypto market cap has spiked by 0.75% to $2.15 trillion over the last day. Leading cryptocurrencies have recovered moderately from their support levels. Among…
An analyst drew comparisons to XRP’s 2017 bull run, suggesting another potential rally. Another analyst projects XRP could reach $50 based on history and parabolic growth. XRP’s partial victory against the SEC and positive market sentiment have fueled speculation. XRP has been experiencing sideways trading recently, down from its daily highs. However, analysts continue to…
An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC….