The Bitcoin price is playing a very resilient trade at the moment as the bulls appear to have slowed down, probably to reduce the bearish attention. The star token has been consolidating underneath a crucial resistance for over a couple of weeks, offering a golden opportunity for the bulls to retake this to flip the…
August 23, 2024 at 11:00 AM GST updated: August 23, 2024 at 10:48 AM 4 mins read Press Release After a significant drop, the MATIC support level is stabilizing between $0.40 and $0.43. At the same time, Bitcoin is holding steady, with its value floating between $57,000 and $60,000. These popular crypto coins are showing…
Binance ex-CEO Zhao was moved from prison to RRM Long Beach ahead of release. RRM is a residential management program that prepares inmates for reentry into society. Zhao aims to use the time at RRM to focus on genres like education and passive investment. Rumors start with just a small spark, which is true in…
Tron’s USDD stablecoin faces scrutiny after a $732M Bitcoin reserve withdrawal, raising concerns about its stability despite reassurances from founder Justin Sun. Despite USDD concerns, Tron’s ecosystem remains robust, with the TRX token showing resilience and SunPump generating significant revenue. The crypto community is showing growing concerns about the stability of Tron’s USDD stablecoin after…
August 23, 2024 at 09:10 AM GST updated: August 23, 2024 at 08:48 AM 2 mins read News Two analysts share their expectations for what’s next for BTC and altcoins. Bitcoin still has two more phases to move past before new ATHs can arrive. The euphoria phase of the crypto market is yet to arrive…
August 23, 2024 at 08:18 AM GST 2 mins read News Bitcoin’s popularity has become mainstream with Google answering FAQs. In response to the question ‘Can Bitcoin be stopped’, Google responds with near-impossible. To shut down Bitcoin (BTC) would mean to shut down the Internet forever. Bitcoin’s popularity and potential have become mainstream and the…
With each month, the Bitcoin performance can vary widely depending on how investors are feeling toward the market. Years of monthly return data available for the cryptocurrency have led to investors and analysts trying to pinpoint the cryptocurrency’s next move based on historical performance. As the month of August draws to a close, Bitcoin investors…
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs Raises $2.5M to Simplify Bitcoin Payments Ark Labs announced on Thursday…
Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at the beginning of the month, which is why the relatively slight price increase above the $60,000 threshold was enough to inject the market with a…
August 23, 2024 at 01:15 AM GST updated: August 23, 2024 at 01:56 AM 2 mins read News Tom Lee forecasts Bitcoin could soar to $280,000 based on Fibonacci extensions. Analysts caution, noting each Bitcoin cycle achieves 80% less growth. Recent data shows 2,000 BTC in open interest erased after a sharp price drop. Tom…
The market swung in favor of Stacks (STX) as the token continued its upward momentum. As of writing, CoinGecko notes a solid 18% gain in the past week as it captured the bullish momentum of the market despite the slight dip yesterday. Since then, STX has attracted more investors as it has shown strength despite…
Data from August 20, shows 31,000 BTC transferred to exchanges. Experts have argued about the possible effects of the Mt. Gox distribution. Bitcoin exchange inflows, defined as the total amount of Bitcoin delivered to exchanges, have declined sharply since early August, notwithstanding transfers from the Mt. Gox bankruptcy estate and concerns of a US government…
Bitcoin (BTC) is poised for a potentially game-changing fourth quarter. This happens as historical patterns and expert predictions indicate a significant bull run on the horizon. Despite recent fluctuations and an unclear trend, analysts are optimistic about strong performance in the last months of 2024, paving the way for considerable gains in the years ahead….
Fundstrat Head of Research Tom Lee believes hopes of a Trump election victory in November could boost asset prices – and that includes Bitcoin. “When the market becomes more convinced of that, you’ll see cyclicals, small caps, and bitcoin do better,” he told CNBC on Thursday, “because those are clear policy differences.” The Bitcoin Trump…
August 23, 2024 at 02:30 AM GST updated: August 23, 2024 at 02:25 AM 2 mins read News According to Peter Brandt, Bitcoin’s current bull cycle may set a record for the longest time post-halving without a new ATH. Historical data shows a 73% chance of a Q4 rally in halving years, but Bitcoin’s 2024…
Bitcoin is seeing an uptick following its recent reclaim above the $60,000 mark in the past day. Amid this price performance, renowned crypto analyst Mags on Elon Musk’s social media platform X shared his latest asset analysis. According to Mags, Bitcoin could be poised for a major rally, driven by factors related to the USDT dominance (USDT.D)…
The open interest in Bitcoin futures reached $31.92 billion on August 22. The OI is the sum of all unsettled derivative contracts, including futures and options. Some have taken the release of the US Federal Reserve’s meeting minutes from July as more confirmation of a rate decrease in September. However in the hours after the…
Bitcoin’s developer community has spent several months singing the praises of OP_CAT – a proposed soft fork change that many believe is Bitcoin’s next evolution. BitVM creator Robin Linus has his reservations, however, publishing an article on Thursday debunking perceived misconceptions about the widely touted change. Is OP_CAT the Future of Bitcoin? The developer’s post…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Babylon, a Bitcoin staking system, has started the first phase of its self-custodial mainnet. For Bitcoin (BTC), this evolution signals a turning point since it adds a new dimension to its use outside of its conventional functions as a medium of trade and a store of wealth. Babylon Makes…
Dormant wallet reactivates, withdrawing $10.4M worth of UNI from Coinbase Prime. Whale activity fuels UNI surge, with 1.48M UNI withdrawn after 6-month dormancy. Crypto analyst hints UNI might be the next top performer in the crypto market. Renowned analytical platform Spot On Chain has recently reported a development in the Uniswap (UNI) market. A wallet…
Bitcoin (BTC) has been gathering some momentum in the crypto sphere lately, crossing the $60,000 mark against multiple analysts’ signals. The world’s leading cryptocurrency has been on a wild ride, with its price fluctuations going haywire during the past few weeks. Bullish Factors Driving Bitcoin Price One major driver behind the recent price surge in…
FET breaks out from a downtrend, hitting $3.50 resistance amid strong bullish signals. Key support now at $1.10 whereby further resistance at $3.50 could signal more gains. New descending channel suggests a potential 100-150% rally if price breaks upwards. Artificial Superintelligence Alliance (FET) is making headlines as it breaks free from a prolonged downtrend, showing…
About 50 nations are reported to have expressed interest in the BRICS alliance pending the upcoming summit in October. According to Russia’s Valentina Matviyenko, the BRICS payment system could be one of the main topics of discussion at the summit. The de-dollarization agenda is still on, as BRICS ideology resonates with over 50 nations that…
Lingo Telecom fined $1 million by FCC for spreading deepfake robocalls of President Biden. The new compliance plan includes strict KYC and caller ID authentication rules. Scam was aimed to suppress voter turnout in New Hampshire’s presidential primary. In a landmark enforcement action, the Federal Communications Commission (FCC) has imposed a $1 million fine on…
India’s DEA will release a pivotal consultation paper between September and October 2024. The paper seeks feedback from stakeholders on the country’s crypto regulatory framework. The country’s move aligns with the G20 nations’ unified stance on crypto regulations. India is ready to embrace crypto regulations, as the Department of Economic Affairs (DEA) is expected to…
In the crypto market, Bitcoin dominance has surged by over 78.5%, hitting a 40-month peak. According to current market data, this surge in dominance compares Ethereum’s market capitalization, currently at $313 billion, to Bitcoin’s $1.1 trillion. This means more investors are showing increased interest in Bitcoin over Ethereum. This dynamic has raised speculations among investors…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 BlackRock’s iShares Exchange-Traded Funds (ETFs) have experienced unprecedented Bitcoin (BTC) and Ethereum (ETH) inflows. According to recent reports by Lookonchain, these inflows mark the largest the asset management giant has ever seen in its cryptocurrency products, signaling growing institutional confidence in digital assets. BlackRock BTC and ETH ETFs Surpassed…
Polygon (MATIC) sees a significant 26.4% weekly rise, reflecting strong investor interest. BitTorrent (BTT) and Chainlink (LINK) show strong price increases and market presence. Beam (BEAM) and Uniswap (UNI) also experience significant gains amidst the crypto rally. In recent days, the cryptocurrency market has experienced a remarkable surge, with several altcoins showing significant gains. As…
After experiencing a significant 25% pullback earlier this month, plunging to the $49,000 level, the king of cryptocurrencies, Bitcoin (BTC), has managed to consolidate above the crucial $60,000 support for the last 24 hours. However, Bitcoin’s journey toward further price appreciation has been without obstacles. The digital asset has been unable to surpass higher resistance…
Kamala Harris supports policies to foster digital asset growth amid the DNC backdrop. Harris emphasizes robust safeguards for the crypto industry, recognizing regulatory needs. Trump advocates reduced crypto regulations, gaining support from the crypto community. Vice President Kamala Harris has declared her support for policies to foster the growth of digital assets. According to Brian…
The last few weeks have been a rollercoaster ride for Bitcoin Investors and traders. It has been very hard to say if BTC will rise or plummet. In this whole confusion state, investors lost millions in trades. However, bitcoin whales have been accumulating. It has been a full month since Bitcoin last touched the $70k…
More and more analysts are interested in the behavior of Bitcoin’s price in Q4 2024 and are showing specific interest in its parabolic movement. Bitcoin Parabolic Rally anticipation is based on patterns exhibited in the BTC’s historical price data, in which the halving events have triggered significant value increases. The halving has been an authoritative…
August 22, 2024 at 07:14 PM GST 2 mins read News Caitlin Long emphasizes Bitcoin’s decentralized nature, making it distinct in the evolving financial sector. Bitcoin’s global impact is notable, serving as a payment system in unstable regions while being an investment in the U.S. Bitcoin’s evolution from a payment system to “digital gold” reflects…
Tron surges 22% amid memecoin boom, driven by SunPump’s debut and rising network activity. Over 7,000 new tokens launched on Tron since August 12, fueling TRX’s upward momentum. Justin Sun’s influence and strategic partnerships propel Tron’s growth in the crypto market. Tron (TRX) has recently emerged as the top trending asset in the cryptocurrency market,…
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The…
Bitcoin reaches new all-time highs in 2024, driven by ETF approval and Bitcoin halving. Elon Musk’s support boosts Dogecoin, keeping it among the top 20 meme coins by market cap. GHOSTDAG protocol drives rapid, secure transactions, making it a standout in PoW coins. In 2024, Proof of Work (PoW) stands as a core basis on…
The Bitcoin bulls are back in action with the BTC price surging past $60,700 again. However, on-chain data from CryptoQuant shows that the Bitcoin over-the-counter (OTC) desk balances from miners have seen a sharp surge suggesting caution moving ahead. Bitcoin OTC Desk Balances Jump By 70% As per the on-chain data from CryptoQuant, Bitcoin OTC…
McDonald’s Instagram was hacked to promote a scam meme coin after its famous mascot. The Solana-based Grimace token reached a $25M market cap before the hacker dumped it. The hacker boasted about stealing $700,000 from the scam on McDonald’s Instagram. In an unexpected turn of events, McDonald’s Instagram account was hacked on Wednesday to promote…
ERC-7683, by Optimism, boosts Ethereum cross-chain interoperability significantly. Layer 2 fees drop below $0.01, enhancing Ethereum’s scalability and user experience. Proof of Stake shows resilience, debunking myths of centralization in Ethereum. Ethereum is undergoing a significant transformation with updates poised to redefine its ecosystem. Central to this evolution is the adoption of ERC-7683, a cross-chain…
Travis Kling, the founder and Chief Investment Officer of Ikigai Asset Management, is proposing a direct link between the US presidential election outcomes and the Bitcoin price. Via X, Kling delves into the political dynamics and their perceived implications for crypto markets, particularly focusing on the potential re-election of Donald Trump. Why September 10 Could…
The world’s largest cryptocurrency, Bitcoin (BTC), has been struggling to surpass the $61,000 mark. At press time, BTC was trading at $60,994.09 following a 2.85% daily surge. It should be noted that the asset jumped from a low of around $59,000 to a high of $61,800. Amidst this rise and fall of the king coin,…
Bitcoin’s dominance rises to 53.34% as it trades above $60,000, signaling strong momentum. Binance Coin and Dogecoin show notable gains, reflecting broad market optimism. Top altcoins like Aventus and QuickSwap see impressive surges, boosting market sentiment. Bitcoin (BTC) continues its impressive run, trading above $60,000. This notable milestone reflects the broader market’s positive momentum. As…
Pudgy Penguins’ floor price surged by 9% to 10.40 ETH, with a $1.8M 24-hour trading volume. Bored Ape Yacht Club dropped 1%, but market cap remains strong at 126,465 ETH ($333.6M). Mutant Ape Yacht Club’s floor price jumped 14%, with 147 sales and $859K in trading volume. The NFT market continues to show dynamic movement,…
Mango Markets, a decentralized exchange (DEX) on Solana, is set to pay a $223,228 penalty to the SEC as part of a settlement proposal to avoid further legal issues. The proposal includes halting all sales of MNGO tokens, destroying the DAO’s remaining MNGO holdings, and requesting the removal of MNGO from all crypto exchanges and…
Trader TDm2 turned $1K into $750K with Sun Wukong, driven by social media trends. Sun Wukong surged 566,500% in 12 hours after Justin Sun’s profile change. SunPump’s launch spiked the meme coin activity, generating $1M in just 12 days. An anonymous trader has made headlines by transforming an initial investment of $1,000 into as much…
The crypto sector is growing more exasperated with the Democratic Party’s apparent lack of consideration for digital assets and blockchain technology, as evidenced in their most recent party platform. The Republican Party‘s perceived apathy has prompted it to bolster its backing for the burgeoning financial industry, thus widening the gap between the two parties on…
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…
In his recent analysis, Jason Pizzino, a respected investor and crypto expert highlights Bitcoin’s resilience, noting that it has just posted its second-highest close since the recent market collapse three weeks ago. Despite this, Bitcoin’s price has remained relatively stable, though market emotions have been mixed. The bear traps have been active, and many bulls…
August 22, 2024 at 01:30 PM GST 2 mins read News Ethereum ETFs are seeing good inflows as big investors look for a bet on the second cryptocurrency. The leading ETF provider, BlackRock, has paved for the Ethereum market higher adoption and competition in the ETF market. The fund with the largest market share for…
Bitcoin may be on the verge of a parabolic rally similar to those in 2016 and 2020. The crypto’s price tests crucial support levels that will determine its next major move. Holding Bitcoin’s weekly support level is key to sustaining bullish momentum in the market. Bitcoin is currently at a critical juncture, with many traders…