Latest Crypto News

OKX, a leading cryptocurrency exchange, has recently announced the listing of RSIC•GENESIS•RUNE (RUNECOIN) on its spot trading market. This move aims to provide users with more opportunities to engage with the digital asset and further promote a vibrant and user-centric ecosystem. (Read More)

Binance, one of the leading cryptocurrency exchanges, has announced its May Missions campaign, offering users the opportunity to earn Binance Points and unlock exclusive rewards. Participants can complete various missions to receive activity attempts, which can lead to winning Binance Points, trading fee rebate vouchers, and token vouchers. The campaign runs from May 1st to May 15th and is open to eligible users who have completed the KYC process. (Read More)

Cryptocurrencies are transforming e-commerce, offering cost-effective alternatives to traditional banking, trustless transactions, and blockchain technology for businesses to protect their financial operations and stay competitive. (Read More)

Cryptocurrency trading has evolved significantly since Bitcoin’s emergence in 2009. Key trends, tools, and techniques shape the market, with technical and fundamental analysis predicting future price movements. Risk management and regulation are crucial for market growth. (Read More)

EigenLayer, the second-largest DeFi protocol with $15.952 billion in total value locked, recently announced its native token’s stakedrop. However, the distribution details have sparked disappointment and criticism within the crypto community. This article explores the allocation strategy, criticisms, and potential implications for EigenLayer. (Read More)

Binance announces a promotion where users can subscribe to SOL or BNB Locked Products or stake ETH to earn a share of 7,777 ACE in airdrop rewards. The promotion period is from April 30, 2024, to May 13, 2024. Eligible users will be ranked based on their net eligible subscription amount and the top 500 users will qualify for rewards. (Read More)

OpenAI, led by Sam Altman, is engaging in discussions for a potential partnership with Worldcoin, a cryptocurrency-based identity verification and universal basic income firm. However, any collaboration between the two companies is likely to face increased regulatory scrutiny due to Altman’s involvement in both organizations. (Read More)

Avraham Eisenberg, convicted of fraud and market manipulation in a $110 million Mango Markets heist, has been charged with possession of child pornography after discovering explicit images of minors on his electronic devices. (Read More)

The European Parliamentary Research Service (EPRS) has highlighted the potential benefits and challenges for children in the metaverse. While the metaverse can enhance creativity and learning, it also poses risks related to privacy, harmful content, and exploitation. Both the European Union and the private sector are taking steps to protect children, but more efforts are needed to ensure their safety in this virtual environment. (Read More)

US regulators have closed Philadelphia-based Republic First Bank, marking the first banking failure of 2024. The closure has sparked debate among the crypto community, with Bitcoin and Ether trading down. The bank had approximately $6 billion in total assets and $4 billion in total deposits as of January 31. (Read More)

The post Will DOT Price Top $10 With This Double Bottom At $6? appeared first on Coinpedia Fintech News Ranking amongst the top performers, Polkadot shows a promising recovery opportunity as it overcomes the supply surge. With a bullish turnaround possibility, the DOT price is slowly gaining momentum and the attention of market bulls. As the altcoins are suffering to halt the downtrend, the DOT price is ready for an ascension. Will this reversal …

The post MicroStrategy Announces Bitcoin-Based Decentralized ID Solution Called MicroStrategy Orange! appeared first on Coinpedia Fintech News MicroStrategy’s Executive Chairman, Michael Saylor during the company’s recent event on 1st May which was MicroStrategy World: Bitcoin For Corporates, revealed the latest innovation built on the Bitcoin Network, named MicroStrategy Orange. This application uses Ordinal-based encryption to store and retrieve information and has unlocked the ability to integrate digital signatures into emails to verify …

The post Top Reasons Why Bitcoin is Dumping, What Next For BTC Price appeared first on Coinpedia Fintech News Bitcoin’s price has taken a hit recently, dropping below $60,000, sparking concerns about its bottom. Analysts from Altcoin Daily have suggested that breaking support at $62,000 may lead to further declines, potentially reaching levels around $52,000. Despite this correction, historical data shows that Bitcoin has faced similar downturns, such as in February 2023 and April-May …

The post Looking for The Next Tenfold Crypto Investment? Here are 3 Memes to Monitor This Year appeared first on Coinpedia Fintech News The crypto market has been on a rollercoaster ride lately, with meme coins emerging as unlikely stars. While some view them as mere jokes, savvy investors recognize their potential for delivering astronomical gains. If you’re on the hunt for the next tenfold crypto investment, here are three meme coins to keep a close eye on …

The post BlackRock’s IBIT ETF Faces Its First Ever Outflow Of $36.6M! appeared first on Coinpedia Fintech News Blackrock’s Bitcoin ETF, IBIT, on May 1st, 2024 faced its first-ever outflow of $36.6 Million amid the cross-border market correction. The market leader, Bitcoin price, experienced a drop of approximately 9%, from $61,583 to a low of $56,555. Further, it faced a liquidation of $464 Million out of which 86% were long positions and 14% …

The post SOL Price Breakdown Meets Demand, Teases A Reversal To $150 appeared first on Coinpedia Fintech News With a short surge in altcoins, Solana shows a promising recovery and teases a bullish extension this week. As it bounces off from a crucial support zone, a reflection of solid demand, the SOL price could reclaim the $150 milestone in May. However, the increasing volatility in the broader market and a potential correction in …

The post DOGE Price Analysis: Top Analyst Predicts Explosive Dogecoin Rally Based on Historical Pattern! appeared first on Coinpedia Fintech News The cryptocurrency market is currently experiencing a notable correction as we enter May, with the familiar saying “Sell In May & Go Away” seeming to influence investor sentiment. Bitcoin (BTC) has seen a decline of 10.52% over the past week, trading at just above $57,450.  This downturn in Bitcoin’s price has had a ripple effect …

The post Crypto Expert Highlights Learn to Earn as Next Big Crypto Trend in 2024 appeared first on Coinpedia Fintech News Crypto markets have been gripped by the Bitcoin narrative in recent months. From the launch of the Bitcoin ETF in the United States to the recent completion of the halving. As a result, many are bullish about Bitcoin and tokens operating within the BRC-20 ecosystem. According to crypto expert Tyler Hill, one company taking advantage …

The post PEPE Price Remains Bullish Despite Market Plunge! What’s Next? appeared first on Coinpedia Fintech News The cryptocurrency industry has displayed a sign of relief by adding approximately $60 Billion within the past day to its valuation after recording a strong cross-border market correction since the week’s start. Further, the market leader, BTC price, holds its value above the $57,000 mark. However, the memecoin category continues to record a mixed sentiment …

The post This Positive Cycle In WIF Price Teases A 90% Upside appeared first on Coinpedia Fintech News Bitcoin crashing to the bottom level of $57,000 boosts a selling spree in altcoins, leading to a massive dump in quick-to-move meme coins. In this sector, the WIF price trend shows a rather refreshing setup with an upside potential to reach $5. As it tests a crucial support level with the support of momentum indicators, …

The director of marketing at blockchain analytics firm Santiment, Brian Quinlivan, is listing two developments that could ignite a recovery in the price of Bitcoin (BTC). Quinlivan says in a new video that accumulation by whales and sharks (those holding between 10 and 10,000 BTC) as well as widespread fear, uncertainty and doubt (FUD) among […] The post Here’s When Bitcoin Could Halt the ‘Slide’ and Start To Pump, According to On-Chain Analytics Firm Santiment appeared first on The Daily Hodl.

DeFi (decentralized finance) has been nothing short of a revolution. Its startling promise – to upend traditional financial systems and usher in an era of unprecedented accessibility, transparency and autonomy. From humble beginnings, this new ecosystem has undergone explosive growth, now boasting a fervent global following and billions in investment. Naturally, as the DeFi juggernaut […] The post Uniswap, the SEC and Regulatory Riptide – What DeFi Must Do Next appeared first on The Daily Hodl.

Solana (SOL) co-founder Raj Gokal is naming two blockchains that have a head start in the sovereign blockchains crypto sub-sector. At a TOKEN2049 panel discussion, Gokal says that Avalanche (AVAX) and Cosmos Hub (ATOM) are “the clear winners” with regard to sovereign blockchains. A sovereign blockchain is typically under the control of a single entity, […] The post Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains appeared first on The Daily Hodl.

Market intelligence platform Kaiko Analytics reports that new competitors are chipping away at Tether’s (USDT) stablecoin dominance. In a new report titled “Tether Loses Market Share,” Kaiko Analytics says that the stablecoin issuer’s market share over centralized exchange platforms (CEXs) has dipped 13% year-to-date (YTD) due to the growth of rival dollar-pegged digital assets, such […] The post New Competitors Eating Away At Tether’s USDT Stablecoin Dominance: Kaiko Analytics appeared first on The Daily Hodl.

A closely followed crypto strategist is warning that Bitcoin (BTC) may have already printed a bull market top. Analyst Ali Martinez tells his 60,700 followers on the social media platform X that realized profits, or gains converted to cash, have historically coincided with Bitcoin market tops. The analyst highlights that when Bitcoin hit a fresh […] The post Crypto Trader Issues Bitcoin Warning, Says BTC Flashed Potential Bull Market Top appeared first on The Daily Hodl.

ARK Invest CEO Cathie Wood is reportedly raising her price target for Bitcoin (BTC) based upon an assumption of greater institutional investment in the top digital asset by market cap. According to a new report from Benzinga, Wood’s latest prediction is that Bitcoin will soar to $3.8 million by 2030 if institutions decide to allocate […] The post Cathie Wood Raises Bitcoin Price Target, Says Institutions May Push BTC To This Astronomical Level: Report appeared first on The Daily Hodl.

The nonprofit crypto advocacy group Coin Center is mulling whether to file an amicus brief in support of the co-founders of the crypto mixer Samourai Wallet. Last week, authorities arrested Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill for allegedly operating an unlicensed money-transmitting business that executed more than $2 billion in unlawful transactions. The […] The post Crypto Advocacy Group Coin Center Looking To File Amicus Brief To Support Samourai Wallet Co-Founders appeared first on The Daily Hodl.

Asset management titan BlackRock is leading a new fundraising round for Securitize, a US company geared towards the tokenization of real-world assets. According to a new press release, Securitize has completed a $47 million funding round led by BlackRock, which has over $10 trillion of assets under its management and is the largest asset manager […] The post BlackRock Leads Funding Round for US Firm Focused on Tokenization of Real-World Assets appeared first on The Daily Hodl.

Bitcoin has started the month of May with another downward move, so far touching the $56,480 level after an already red April. The breakdown coincides with several whales – known and unknown – sending massive amounts of coins to crypto exchanges, presumably to sell on the open market. Initially spotted by blockchain tracking firm Lookonchain, […] The post Billionaire Whale Deposits Over $147,980,000 in Crypto to Kraken As Bitcoin (BTC) Kicks Off May With More Red appeared first on The Daily Hodl.

Payments firm Ripple has inked a new partnership with the Tokyo-based arm of HashKey Group in an effort to bring XRP Ledger-based supply chain finance solutions to Japan. Ripple and HashKey DX, a Japanese consulting company of the HashKey Group, will also work with Japanese financial services giant SBI Holdings, which has been partnered with […] The post Ripple Forms Partnership With Tokyo Unit of $1,200,000,000 Firm To Push for XRPL-Powered Solutions in Japan appeared first on The Daily Hodl.

Michael Saylor announced the Orange protocol for decentralized identification, hoping to anchor digital identities in the dominant blockchain.

BOB launches its Bitcoin layer-2 Ethereum rollup, with more to come over the next three weeks.

It’s now looking like a long road ahead for ETH to come to Wall Street. But that’s a surprise to few.

Ethereum gaming chain Ronin currently curates the games on its network. But it’s starting to eye up a permissionless future.

UPDATED: When is the NOT token actually launching? Here’s the latest, along with everything else you need to know about Notcoin.

An Elliptic report shows how MIT-IBM AI Labs used deep learning AI techniques to detect fraud on the world’s dominant blockchain.

Amid signs of stubborn inflation in the U.S., the central bank kept its key interest rate at its highest level in over 23 years.

Investors often leave during the “local bottom.” and one analyst suggests BTC is reaching that point.

Jack Dorsey’s Block is reportedly under investigation for compliance issues, including with its Bitcoin business.

The biggest digital coin still has room to fall, the British firm said in a new report.

Lummis argued the Department of Justice’s position on self-custody “contradicts existing Treasury guidance” and “violates the rule of law.”

BlackRock’s BUIDL fund, created with Securitize, has $375 million in assets under management.

Powered by the Optimism OP Stack, Redstone enables “autonomous worlds” and other intriguing new types of on-chain Ethereum games.

Tether’s Bitcoin investment is paying off, achieving much greater profit than the company’s immense bond portfolio.

The competition aims to encourage developers to create, launch and trade their meme coins on BNB Chain.

“Decentralize your own security,” says Ethereum founder Vitalik Buterin—but he doesn’t use a cold wallet for his own personal crypto.

Mine asteroids, earn Bitcoin. Here’s how to stack up more satoshis while playing the fun mobile game SpaceY.

Bitcoin and Ethereum—and the rest of the market—are awash with red as investors expect more bad news from today’s FOMC meeting.

Speaking before the U.S. Senate Judicial Committee, FKA Twigs shared her first-hand account of how AI could help or hurt artists.

Expressing thanks to his supporters, Changpeng “C.Z.” Zhao said education will be the focus of the next chapter of his life.

Alliance Resource Partners now holds $25 million in BTC, which it earned with mining rigs first purchased in 2020.

The SEC has secretly considered ETH to be a security for over a year, according to a lawsuit by Consensys. McHenry says that’s a problem.

The AnimeCoin project, created by Azuki with multiple partners, has launched a gachapon-inspired game with collectible prizes.

After the first day of trading, the CEO of sub-custodian OSL reflects on what the Hong Kong Bitcoin and Ethereum ETFs rollout really means.

The total crypto market cap is down nearly 5% today, with every Top 100 coin in the red.

The founder of Binance pleaded guilty last November to failing to establish a proper anti-money laundering program at the company.

Early Bitcoin investor Roger Ver has been arrested and hit with tax evasion charges, the U.S. Department of Justice announced Tuesday.

Bitcoin hit $74,000 in March, but now is trading just above $60,000—as crypto liquidations in the past 24 hours hit $300 million.

MicroStrategy founder and chairman Michael Saylor suggests that Ethereum won’t see the same kind of spot ETF approval that Bitcoin did.

CARV, the largest modular data layer for gaming and AI, today announces its highly anticipated debut node sale.

The genesis block is the start of the immutable database that is the Bitcoin blockchain. Here’s how it was created—and why it matters.

Mike dropped knowledge bombs from years of building in the trenches alongside some deep cuts on the early Williamsburg crypto mafia.

Crypto falls, ETH/BTC rally again marks mini sell-off. Yen carry-trade implosion linked to worries. ETH gas fees hit 6-month lows. 3rd straight week of institutional outflows. Slowing BTC ETF flows are just a pause: Bernstein. BTC now on track for 5 red weeks in a row. BTC may have topped, could hit $35k: Brandt. ETFs may become big sellers: Bianco. Consensys list 4 reasons ETH isn’t a security. Rumours continue to grow of EigenLayer airdrop. Perp DEX volumes continue fall, GMX underperforms. Wallets begin to block US users after Samourai case. WLD in reported partnership talks with OpenAI. Large unlocks this week for SUI, PYTH & MEME.

At a launch party for the collection in New York’s SoHo neighborhood, the artist broke down her latest art experiment, “Four Core Texts,” with Decrypt’s Sander Lutz.

Open Builders founder Sasha Plotvinov speaks with Decrypt’s Sander Lutz at Token 2049 Dubai about how he envisions Notcoin’s expansion and evolution after the token drop—into something akin to the “Netflix of social, viral games.”

BTC stables at $66k, liquidations in narrow range. BTC funding again turns negative in bullish sign. ETFs net inflow after Grayscale moves to lower fees. BTC demand 5x vs supply post-halving: Bitfinex. SOL congestion issue now largely solved. Two SEC lawyers resign after ‘gross abuse of power’. Ripple fights to lower $2bn SEC fine. SAFE trades at $2.8bn FDV after OKX lists. MANEKI hits $150m on first day, China memes pump. Memecoins are ‘black hole you can’t ignore’. DeGods up 20%, may switch back to SOL. Magic Eden launches Runes platform ahead of time. Louis Vuitton gifts Pharrell jacket to NFT holders. Melania Trump launches necklace with SOL NFTs. Hoodie Punk trades for $620K.

Arianee CEO Pierre-Nicolas Hurstel sat down with Rug Radio founder Farokh and Decrypt’s Sander Lutz at NFT Paris to discuss everything from the future of on-chain luxury to the secret hack to finding the best restaurants in France.

Notcoin co-creator Sasha Plotvinov spoke with Decrypt’s Sander Lutz at Token 2049 Dubai to discuss why the NOT token launch was pushed back from the original 4/20 target, when to expect the listing, and more.

At Token 2049 in Dubai, The Open Network’s director of investments sat down with Decrypt’s Sander Lutz to discuss what he sees as the game-changing integration of USDT onto TON, and his plans for getting Telegram’s 900 million users to start using crypto in the immediate future.

Ansem, the crypto trader who’s amassed a sizable following on the back of meme coin Dogwifhat (WIF) and other calls, chats with Decrypt reporter Sander Lutz at Token 2049 Dubai about his meme coin thesis, why he’s bullish on Bitcoin Runes, and what he sees ahead for the crypto markets.

Decrypt reporter Sander Lutz reports from Dubai amid a historic storm that flooded the famed city, trudging through the streets to complete his essential task: Attending the Token 2049 crypto conference.

Bitcoin (BTC) maintains its trend of reaching higher lows amidst choppy market conditions. Exchange-traded funds (ETFs) witness another influx of $125 million. There’s anticipation of Hong Kong approving ETFs for both Bitcoin and Ethereum (ETH) come Monday. Notable institutional investor BlackRock shows interest in Bitcoin. Recent filings reveal increased Bitcoin purchases by banks. A Bitcoin-friendly political party secures victory in the South Korean election. Analyst Kang predicts Bitcoin could surge to $80-100k by May. Meanwhile, Ethereum sees accumulation by stablecoin whales on the rise. A new Ethereum Improvement Proposal (EIP) aims to streamline signing requests. Solana (SOL) experiences a resurgence in activity, reaching yearly highs.

On Thursday, Decrypt Media visited NASA’s Jet Propulsion Laboratory in Pasadena, CA to meet with the Engineering team behind the Europa Clipper before its launch to Jupiter’s Europa moon in October.

In this week’s episode, we did a little something different. We took the man who is usually behind the camera and put him in front of it. We sat down with our producer Weesh to dive into how in fell in love with art and became a collector, how he met Andy and fun childhood memories together, his biggest wins in crypto, and so much more.

Worlds collide as Decrypt reporter Sander Lutz heads to the floor of the NYSE to witness a special closing bell ceremony hosted by VanEck in honor of Web3. Featuring Choose Rich Nick, VanEck Head of Web3 Matt Bartlett, and more!

BTC hits $64.5K then rebounds, SOL outperforms. Government sends $2B BTC to Coinbase to sell. Funding rates stay low after sweep lower. ETFs see small inflow, Ark outflow more than GBTC. Wormhole W launches at $15B FDV. BTC ‘inflection point’ if it follows rates or gold. Gold & BTC very correlated for the last year. Expect slower ETF volume this month: Bloomberg. BTC 2x and 3x levered ETFs launch yesterday. BTC ETFs now half the size of gold.

BTC falls another 6% amid $400m liquidations. ETF outflows and dollar strength blamed for move. Funding completely reset to lows in move. BTC lower high leaves market in ‘no trade zone’. This cycle acting ‘nothing like previous cycle’. ETH unlikely to be classed a security: Coinbase CFO. Crypto VC funding up 53% in MarchAnsem’s cat coin sees more volume than NFT market. Most memecoins down 10-20% given move in majors. MEW up 10% after HTX lists, airdrop to Saga phones. MEME to launch memecoin chain, NFTs rise. Pixelmon releases trailer for Anime series.

In this week’s episode, we sit down with Spencer Gordon Sand, the mastermind behind Spencer Ventures. Before launching Spencer Ventures, Spencer was a competitive fencer, Magic the gathering player, and startup enjoyooor. We dive into Spencer’s investment thesis behind NFTs and how his fund invests, finding and buying distressed assets in a bear market , point farming optimization, a peak behind the 3AC liquidation and dickbutt buys, and so much more.

In this week’s episode, we sit down with Intern and Tunez from the Monad team. Prior to Monad, Tunez was working with Delphi Digital and Intern was working at CMS Holdings. They’re two of my oldest friends from crypto twitter. We get into why they joined the Monad team, alpha for finding jobs in the space, biggest lessons from previous cycles, and so much more.

BTC: 70.7k (+1%), ETH: 3585 (0%), SOL: 186 (-1%). Top 100 gainers: DOGE, GT, BCH, RBN. Crypto mixed, BTC-beta & memes outperform. SEC case vs Coinbase set to go to trial. DeFi win as case dismissed vs Coinbase wallet. ETFs see $244m inflows led by Ark. BlackRock ETF fastest growing in history: Fink. ETH ETF possible even if its a security: Fink. ETH spot ETF by May chances only 20%: GSR. SBF sentencing today, faces 50 years.

World of Dypians (WOD) is proud to announce that it is part of an exclusive list of top-tier projects in chapter 2 of BNB Chain’s Airdrop Alliance Program. For the airdrop, World of Dypian is offering up to 1 million WOD tokens and $225,000 in Premium Subscriptions as rewards to eligible users. These rewards will […]

Acala Network, a leading platform within the Polkadot ecosystem, unveils its groundbreaking Sinai Upgrade, marking a significant milestone in its Acala 2.0 initiative.  This upgrade is poised to reshape the decentralized finance (DeFi) landscape by expanding the platform’s multichain capabilities, heralding a new era of interoperability across blockchain networks. At the core of the Sinai […]

As the cryptocurrency market anticipates the next Bitcoin (BTC) halving, a significant event meant to reduce the block reward and potentially increase the coin’s price, some are shifting focus. The spotlight is turning towards promising altcoins like Ethereum (ETH) and the innovative Algo token, Option2Trade (O2T), gaining traction as potentially more attractive assets in the […]

Amid Hedera’s recent 50% surge in the week and the bullish performance of PulseChain crypto, BlockDAG continues to revolutionize the cryptocurrency landscape with its pioneering strategies. Its mining endeavors draw in a flood of enthusiasts seeking to broaden their portfolios. Its ongoing presale has amassed an impressive $22 million by selling more than 8.3 billion […]

Shiba Inu (SHIB), known for its dog-themed branding, has recently experienced a remarkable surge in whale activity, indicating significant movements of large SHIB tokens.

After months of legal back-and-forth, Binance’s founder, Changpeng Zhao, received a four-month sentence for anti-money laundering violations.

Ripple unlocked 500 million XRP from escrow, triggering debates over its potential impact on the coin’s price. 

BlockDAG has rapidly ascended to a leadership position in the cryptocurrency presale market, amassing an impressive $22 million and setting a bold liquidity goal of $100 million for launch. This remarkable performance positions BlockDAG ahead of its competitors, Rebel Satoshi and 5th Scape, on the charts. BlockDAG aligns interests with the project’s long-term success and […]

Famous crypto expert Egrag Crypto has identified VET and the emerging Ethereum token, ETFS, as three crypto tokens looking to maximize their returns should acquire. Despite the current bearish period rocking the crypto market, Egrag predicts these tokens will likely see significant price surges in the coming days. VET Could Peak As High As $2.5 […]

The Bitcoin price continues its post-halving retrace, which has seen the flagship crypto tumble below $57,000.

In a world rapidly propelled by technological advancements, one global community stands out for its commitment to harnessing the transformative power of blockchain technology. XERA emerges as a unique initiative that is not merely a blockchain platform but a movement dedicated to creating a more sustainable, prosperous, and inclusive future for all. XERA: A Vision […]

It looks like the new Bitcoin rival, Mollars (MOLLARS) token, will be on the fast lane to growth as soon as its ICO ends. Bitmart crypto exchange has just announced [via X] that it will list the new store-of-value asset to its 9 Million users after May 31st. This news has drawn great excitement from […]

Smog (SMOG) is one of the Solana meme coins with great potential to blow up in 2024, especially now, as it holds the “Greatest Solana airdrop of all time.” The reason for this is that the project offers free crypto to those who collect XP, and XP is created in several different ways, with the […]

Raboo stands out as the top AI meme coin, capturing the community’s imagination with its innovative approach. As Raboo excels in its presale phase, reaching over $1 million with more than 5,200 members and 1,800 token holders, its potential for exponential growth is unmistakable. Priced at just $0.0042, RABT is tipped to surge 100x in […]

In an analysis shared via X, crypto analyst Ali Martinez elaborated on the ongoing price correction of Dogecoin (DOGE), positing that it is a consistent precursor to major bull runs, drawing on historical patterns to forecast future price movements. Martinez’s commentary centers on the chart pattern known as the “descending triangle.” This is a bearish formation that occurs when the price follows a downward trendline intersecting a flat support line. Typically, this pattern indicates a continuation of a downward trend, but in the context of Dogecoin, Martinez suggests it precedes significant bullish breakouts. “The ongoing Dogecoin price correction is part of its usual behavior before massive bull runs! Let’s dive in,” Martinez shared. He explained the historical significance of this pattern in Dogecoin’s trading history: “In 2017, DOGE broke out of a descending triangle. Then, DOGE retraced by 40% before entering a 982% bull run!” Related Reading: Machine Learning Algorithm Predicts Dogecoin Price For May 2024 Martinez further analyzed more recent cycles to reinforce his observations, “In 2021, DOGE broke out of a descending triangle again. Then, DOGE retraced by 56% before skyrocketing by 12,197%!” According to Martinez, these retracements are not random but are characteristic of how Dogecoin has behaved in previous cycles, setting the stage for explosive gains. The analyst drew parallels to the current market conditions: “Now, in 2024, DOGE has yet again broken out of a descending triangle! It is currently undergoing a 47% price correction, very similar to previous cycles, which could ignite the next DOGE bull run!” This assertion suggests that the current market downturn might be an opportune buying moment ahead of potential gains. Martinez’s analysis underscores the cyclical nature of Dogecoin’s price movements, suggesting a pattern of sharp declines followed by dramatic recoveries. “Over the years, Dogecoin appears to mirror its previous bull cycles! All you need is a little bit of patience,” he concluded. Short-Term Dogecoin Price Analysis Amidst this optimistic prediction, the Dogecoin price is in a precarious scenario in the short-term. Since mid-April, DOGE has experienced significant technical resistance. Particularly, the DOGE price was consistently rejected at the 50-day EMA over multiple instances, indicating strong selling pressure at higher price levels. Related Reading: Alarm Bells Ring For Dogecoin: Bearish Signal Points To 40% Crash Amid a broader market downturn, the trajectory was accentuated when Dogecoin’s price broke below the crucial 100-day EMA. This level, often watched by traders for signs of medium-term market direction, had previously offered support. The breach underscores a weakening market sentiment and could signal extended losses. As of press time, Dogecoin’s price hovered near $0.1259 after narrowly holding above the 200-day EMA yesterday, a key psychological and technical barrier. This moving average is now a pivotal point for Dogecoin; its sustained breach on the daily chart could significantly alter the market structure, potentially triggering a slide towards the $0.1005 support level. The Relative Strength Index (RSI) is at 31.63, edging close to the oversold territory but not conclusively signaling an imminent reversal. This indicates that…

Dogecoin extended losses and traded below the $0.1350 resistance zone against the US Dollar. DOGE is now testing an important support at $0.1200. DOGE gained bearish momentum below the $0.140 and $0.1350 levels against the US dollar. The price is trading below the $0.1350 level and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance at $0.1350 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1420 to move into a positive zone and start a fresh surge. Dogecoin Price Extends Losses After a close below $0.150, Dogecoin price extended losses and moved into a short-term bearish zone, like Bitcoin and Ethereum. There was a drop below the $0.1350 support zone. A low was formed at $0.1201 and DOGE is now consolidating losses. There was a minor recovery wave above the $0.1250 level. The price tested the 23.6% Fib retracement level of the downward move from the $0.1640 swing high to the $0.1201 low. However, the bears protected more gains above the $0.130 resistance. Dogecoin is also below the $0.1420 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.130 level. Source: DOGEUSD on TradingView.com The next major resistance is near the $0.1350 level. There is also a major bearish trend line forming with resistance at $0.1350 on the 4-hour chart of the DOGE/USD pair. The main hurdle is at $0.1420. A close above the $0.1420 resistance and the 50% Fib retracement level of the downward move from the $0.1640 swing high to the $0.1201 low might send the price toward the $0.1550 resistance. Any more gains might send the price toward the $0.1620 level. More Losses in DOGE? If DOGE’s price fails to gain pace above the $0.1350 level, it could start another decline. Initial support on the downside is near the $0.1220 level. The next major support is near the $0.120 level. If there is a downside break below the $0.120 support, the price could decline further. In the stated case, the price might decline toward the $0.1040 level. Technical Indicators 4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1240, $0.1200 and $0.1040. Major Resistance Levels – $0.1300, $0.1350, and $0.1420.

Ethereum price started another decline and traded below $2,920. ETH could gain bearish momentum if there is a close below the $2,800 support zone. Ethereum remained in a bearish zone and traded below the $2,900 zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $3,050 resistance. Ethereum Price Extends Losses Ethereum price remained in a bearish zone below the $3,120 level, like Bitcoin. ETH traded below the $3,000 level. The bears even pushed the price below the $2,920 level. A low was formed at $2,813 and the price is now consolidating. There was a minor increase above the $2,900 level. The price tested the 23.6% Fib retracement level of the downward wave from the $3,355 swing high to the $2,813 low. However, the bears were active near the $2,950 and $2,965 levels. Ethereum is now trading below $3,000 and the 100-hourly Simple Moving Average. Immediate resistance is near the $2,965 level. The first major resistance is near the $3,050 level and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the downward wave from the $3,355 swing high to the $2,813 low. Source: ETHUSD on TradingView.com The next key resistance sits at $3,085, above which the price might gain traction and rise toward the $3,150 level. A close above the $3,150 resistance could send the price toward the $3,250 resistance. If there is a move above the $3,250 resistance, Ethereum could even test the $3,350 resistance. Any more gains could send Ether toward the $3,500 resistance zone. More Downsides In ETH? If Ethereum fails to clear the $3,050 resistance, it could continue to move down. Initial support on the downside is near the $2,850 level. The first major support is near the $2,820 zone. The main support is near the $2,820 level. A clear move below the $2,820 support might push the price toward $2,650. Any more losses might send the price toward the $2,540 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $2,820 Major Resistance Level – $3,050

Bitcoin price extended losses and settled below $60,000. BTC is now consolidating losses near $58,000 and remains at risk of more downsides in the near term. Bitcoin extended losses and traded below the $60,000 zone. The price is trading below $59,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down since there is a daily close below the $60,000 zone. Bitcoin Price Takes Hit Bitcoin price remained in a bearish zone and traded below the $60,500 support level. BTC even settled below the $60,000 level to enter a short-term bearish zone. There was a drop below the $58,000 level. A low was formed at $56,378 and the price is now consolidating losses. There was a minor increase toward the $58,000 level and the 23.6% Fib retracement level of the downward move from the $64,740 swing high to the $56,378 low. Bitcoin is now trading below $58,500 and the 100 hourly Simple moving average. Immediate resistance is near the $58,000 level. There is also a major bearish trend line forming with resistance at $58,000 on the hourly chart of the BTC/USD pair. The first major resistance could be $59,200. The next key resistance could be $60,500 or the 50% Fib retracement level of the downward move from the $64,740 swing high to the $56,378 low. Source: BTCUSD on TradingView.com A clear move above the $60,500 resistance might send the price higher. The next resistance now sits at $61,500. If there is a clear move above the $61,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $63,500. More Losses In BTC? If Bitcoin fails to rise above the $58,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $57,000 level. The first major support is $56,500. If there is a close below $56,500, the price could start to drop toward $55,000. Any more losses might send the price toward the $53,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $57,000, followed by $56,500. Major Resistance Levels – $58,500, $60,500, and $61,500.

Bitcoin is facing a critical juncture as it has entered a ‘danger zone,’ according to prominent gold advocate Peter Schiff. This investor, known for his skepticism toward Bitcoin, suggests that the cryptocurrency is entering a “do or die” phase, potentially marking the end of its bullish run if current trends continue. Breaking Points And Bearish Signals Peter Schiff has often voiced his bearish outlook on Bitcoin, and his latest comments come as Bitcoin has just slipped below the crucial $60,000 mark. Related Reading: Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge This level had previously served as strong support during the short-term bull run, and its breach has intensified the bearish sentiment among investors. Schiff warns that staying below this threshold could spell doom for the bullish fervor, potentially derailing Bitcoin’s momentum. At the time of writing, Bitcoin is trading at approximately $57,054, teetering close to its 100-day Exponential Moving Average (EMA). Schiff points out that remaining below this EMA could confirm a bearish trend, signaling an end to the rally. Amidst these developments, the market has seen an increase in trading volume, coupled with the price drop, indicating strong selling pressure. Over the last 24 hours, Bitcoin’s trading volume has dropped from $45 billion to $48 billion, coinciding with a 6.3% price dip during the same period. This heightened activity is a traditional bearish indicator, lending weight to Schiff’s prediction of a downturn. Moreover, investor sentiment is treading thin ice with significant outflows from Bitcoin spot ETFs, hitting a weekly high of $162 million. This departure of funds is particularly poignant as it unfolds just before the FOMC meeting, where potential interest rate hikes are on the agenda. These outflows reflect a broader market trend, with the Grayscale Bitcoin Trust (GBTC) experiencing a substantial daily outflow of $93.23 million. According to SoSoValue, total net outflows from Bitcoin spot ETFs yesterday, April 30, were as high as $162 million. GrayscaleETF GBTC had a single-day net outflow of US$93.2277 million, and the current historical net outflow of GBTC is US$17.303 billion. The total net asset… pic.twitter.com/jSCtfVrW8l — Wu Blockchain (@WuBlockchain) May 1, 2024 The Bitcoin ETF Conundrum And Market Forecasts It is worth noting that last month was quite challenging for US Bitcoin ETFs. After a promising start with positive inflows in the initial months following their launch, April witnessed collective outflows amounting to $182 million across all active spot Bitcoin ETFs in the US. Related Reading: If History Repeats, This Is How Bitcoin Price Will Perform In The Next 6 Months This pullback is attributed to macroeconomic concerns and geopolitical tensions, which have clouded the investment landscape. As the market braces for further turbulence, analysts such as Micheal Van de Poppe are forecasting an additional correction, potentially pushing Bitcoin’s price down to $55,000 before any sign of recovery. Monthly close approaching for #Bitcoin and FOMC day tomorrow. I think we’ll see that sweep beneath $60K and potentially cascade towards $55-58K from which we’re finding the low and rotate…

Co-founder and Chief Executive Officer (CEO) of Real Vision, Raoul Pal has shed light on the current market state and the future outlook of Bitcoin, the world’s largest cryptocurrency. Despite the cryptocurrency witnessing declines of more than 15%, the financial expert has uncovered a significant pattern that indicates a potential bull flag following Bitcoin’s price correction.  Crypto Expert Unveils “Banana Zone” Rally For Bitcoin In an X (formerly Twitter) post published on Tuesday, April 28, Pal shared a yearly chart depicting Bitcoin’s price movements from October 2023 to April 2024. At the time of writing, Bitcoin’s price is trading below the $60,000 mark, at $59,185, marking monthly declines of 15.12% and weekly lows of 11.31%, according to CoinMarketCap.  Related Reading: Ethereum Flashes Bullish Signals, Can It Rally 50% From Here? The crypto analyst has suggested that Bitcoin’s recent price correction was a temporary setback. He predicts that once the market fully refreshes, what he calls “the Banana zone” will kick in. He also described Bitcoin’s recent price declines as a “pause that refreshes.”  The pause emphasizes the final days of the crypto spring, a period marked by renewed optimism after bearish markets. A prime illustration of this phase occurred when Bitcoin surged to new all-time highs, surpassing $73,000 in March, following its decline from 2022 to 2023.  On the other hand, the Banana zone represents a phase characterized by intense market excitement and the possibility of significant price increases. However, Pal has described this distinctive period as “when the market begins to anoint the new big L1 or L2, which explodes even vs SOL.” The financial expert noted that once the Banana zone commences, it may pick up momentum towards the end of the year and continue well into 2025, potentially reaching peak mania. He also shared a historical pictorial analysis illustrating his Bitcoin predictions.  In the chart, the price of Bitcoin witnessed a Banana zone rally from $1,000 to $5,000 between 2014 and 2016 and from $10,000 to $60,000 between 2019 and 2020. Basing his predictions on this unique historical pattern, Pal suggested that Bitcoin’s price action from 2022 to 2024, starting at $50,000 could potentially skyrocket to a new all-time high of $300,000.  Crypto Summer Is The Start Of Altcoin Season Pal has predicted that after the crypto spring, a new season for cryptocurrencies will occur, termed “the crypto summer.” The financial expert has confirmed that this period will be the start of the altcoin season, highlighting that it is typically marked by an intense bubble in the crypto fall.  Related Reading: Crypto Funds Mark 3rd Consecutive Weeks Of Outflows With $435 Million In Withdrawals During the crypto summer, Pal projects that Ethereum would begin to outperform Bitcoin while Solana would accelerate its outperformance of both Bitcoin and Ethereum. The financial CEO disclosed that the crypto summer and fall are often confusing, as cryptocurrencies tend to adopt a narrative and may get caught up in the prevailing euphoria.  He predicts another two or more “nasty corrections” triggered by…

In a month marked by a challenging correction in the crypto market, Layer 2 (L2) blockchain protocol Optimism has emerged as a standout performer. Within the past 24 hours, Optimism’s native OP token skyrocketed by 9%, positioning it as the best-performing token among the top 100 cryptocurrencies.  Behind this surge lies venture capital firm a16z, which has reportedly invested around $90 million in Optimism’s OP token, signaling further institutional support for the layer 2 protocol.  OP Receives Major Investment Sources familiar with the matter have revealed to Unchained that a16z has acquired a significant stake in Optimism’s OP token.  The investment, which comes with a two-year vesting period, underscores a16z’s interest in the Layer 2 protocol and aligns with its growing involvement in crypto. Notably, a16z’s portfolio already includes crypto exchange Coinbase.  Related Reading: Machine Learning Algorithm Predicts Dogecoin Price For May 2024 The investment by a16z comes amidst notable activity and growth within the Optimism ecosystem. Optimism’s OP Stack has experienced increased usage, further validating its value proposition. The protocol’s ability to increase scalability and reduce fees on the Ethereum blockchain has also garnered significant attention.  Optimism’s spokesperson expressed enthusiasm for the investment, acknowledging the energy and momentum surrounding the protocol. The partnership with a venture capital firm like a16z is expected to fuel further development and innovation within the Optimism ecosystem. On March 7, the Optimism Foundation disclosed the sale of approximately 19.5 million OP tokens, valued at nearly $90 million, to an undisclosed buyer.  These tokens were reportedly sourced from a 30% pool of OP’s original treasury, dedicated to the foundation’s working budget. Reports indicated that the buyer could delegate their tokens to third parties, enabling them to participate in Optimism’s governance. The foundation clarified that, due to the private nature of the sale, specific details regarding the terms and purchaser were not disclosed.  Key Levels To Watch For Optimism Despite the recent surge in the Optimism ecosystem and its native token OP, the token still trades well below its all-time high (ATH) reached on March 6, 2024, currently down over 47% from that level. However, OP’s trading volume has experienced a notable surge, indicating continued interest in the token. According to CoinGecko data, the OP trading volume has increased by over 113% compared to the previous trading day on April 30, amounting to nearly $600 billion in 24 hours. Related Reading: Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone Key levels to monitor for the token soon include OP’s significant resistance at the $2.62 price mark and a potential retest of the $3 zone.  However, a clear indication of a positive trend for the Optimism token would require a successful consolidation above the $3.92 zone, marking the end of the month-and-a-half downtrend structure. Conversely, the $2.37 zone has proven to be a crucial support level for OP, as it has held for the past five days and prevented further price decline for the token.  Digging deeper, the $2.25 mark is also a key support,…

Bitcoin has recently concluded April, marking its most significant monthly decline. Despite the bearish momentum, leading market analysts, including Michael van de Poppe, believe that the worst may soon be over, suggesting that Bitcoin is nearing the end of its current correction phase. Bitcoin At The End Of Correction? April was challenging for Bitcoin, as its value plunged nearly 20%, dipping below $57,000, the lowest level traded since late February. Related Reading: Bitcoin’s Profit Crunch: Hash Price Hits Record Low Post-Halving—What’s Next For Miners? This drop is part of an intense market sell-off that has slashed the combined cryptocurrency market cap by nearly 10%, bringing it down to $2.2 trillion. Amid these declines, Michael van de Poppe, a revered figure in the crypto analysis space, provided hope. In his recent statements on the social platform X, Van de Poppe suggested that Bitcoin’s current price levels might be nearing the bottom of this correction cycle. He highlighted the critical price range of $56,000 to $58,000 as pivotal for Bitcoin’s short-term trajectory, indicating potential areas for a rebound. #Bitcoin is at the end of the correction. It’s already down 20% from the highs and we’ll have some more downside to happen from here. If the correction continues, then I think the green zones between $56-58K are essential to watch.#Altcoins to bounce before. pic.twitter.com/4Mu3NA1HSg — Michaël van de Poppe (@CryptoMichNL) May 1, 2024 A Closer Look At Predictions And Market Sentiments Van de Poppe isn’t alone in his optimistic outlook. Other analysts, like Checkmate, an on-chain expert, have analyzed Bitcoin’s historical data to predict future movements. Checkmate introduced the term “chopsolidation,” describing it as a phase of stagnant yet volatile market conditions that could precede a significant bullish run. He expects this phase to last about six months, followed by a potential 6 to 12 months of explosive growth reminiscent of past cycles. Furthermore, historical data from Bitcoin’s Halving years support the theory that after a halving event, the market tends to perform strongly towards the end of the year. Related Reading: Expert Makes Bold Call: It’s Time To Swap Your Dollars For Bitcoin However, there are not all optimistic forecasts in the crypto realm. The spot Bitcoin ETF market witnessed over $300 million in net outflows in April, breaking a three-month streak of inflows, reflecting a broader sentiment of caution among investors. Moreover, Charles Edwards, founder of Capriole Investments, has voiced concerns over the market’s extraordinary bullishness, warning of the necessity for corrections within such a volatile asset class. “Sell in May and go away.” This looks like distribution to me. As long as we trade below $61.5K, scenario (1) is technically more likely. A strong reclaim of $61.5K would give some hopes to the bulls for scenario (2). A flush would also be good for the sustaining continuation of… pic.twitter.com/6E3oJ1vgs3 — Charles Edwards (@caprioleio) May 1, 2024 Featured image from Unsplash, Chart from TradingView

Altcoins have suffered more in the crypto market following the Bitcoin price crash, leaving a lot of investors in losses. This is not out of the ordinary as these altcoins are known to have a higher volatility compared to Bitcoin, hence, their price swings can be more pronounced. Given the recent decline, the expectation is that the altcoins will recover. However, one analyst does not agree with that assessment. Altcoins Headed For 40% Crash In an analysis posted on X (formerly Twitter), seasoned crypto analyst Benjamin Cowen shocked the crypto community with his expectations for altcoins. According to the analysis, the worst is far from over for the altcoin market, as there are still more crashes to come. Related Reading: Crypto Analyst Reveals Why $59,800 Is An Important Level For Bitcoin Cowen explained that this was analyzed using altcoins versus Bitcoin pairs, and it seems each one looks weak against the apex cryptocurrency. This is due to the expected rate cuts, and historical performance suggests that a decline will follow. The crypto analyst pointed to the 2019 rate cuts and how altcoins had reacted to that development back then. Following the rate cuts, altcoins plunged against Bitcoin, with major players recording up to 40% losses during this time. “Perhaps this time is not different? This would mean ALT/BTC pairs drop another 40% from here over the next few months,” Cowen said. Cowen expects this to place out regardless of what happens in the market in the meantime. He explains that even if the market does recover in the short term, it does not invalidate the thesis. “Short-term countertrends do not invalidate this view,” he stated. If this repeats, then it could turn an already harsh market trend even bloodier. The altcoin market cap has already fallen below $1 trillion as of the time of writing, but a 40% decline from here could send it as low as $600 billion. Bitcoin Crash Drags Down Crypto Market While the Bitcoin crash has been brutal, the impact on altcoins has been much more pronounced. Ethereum has held up nicely with less than a 4% decline during this time, but others such as Stacks (STX), Arweave (AR), Neo (NEO), and Sei (SEI) are down an average of 9% in the last 24 hours. Related Reading: Ethereum Price Prediction: Crypto Expert Says ETH Is Yet To Bottom Against Bitcoin Meme coins were also not left out of the bloodbath, with market leader Dogecoin dropping 6% to $0.126 and Pepe (PEPE) plunging 7.74% to $0.0000063. Bonk (BONK) recorded a 5% decline to eliminate some of its gains from last week, and Shiba Inu fell 4.18%. Amid all of this, though, there have been some market winners, with Optimism (OP) recording 12% gains. Cosmos (ATOM) followed with a 9.8% increase, and Starknet (STRK) rose 9%, making them the top gainers of the day, according to data from Coinmarketcap. Altcoin market cap at $952 billion | Source: Altcoin total market cap from Tradingview.com Featured image from Analytics Insight,…

As May 1st started, Bitcoin (BTC) faced a new correction that made the price stumble under the $60,000 support level. The flagship cryptocurrency has seen several retraces during this bull cycle, with BTC swiftly recovering the crucial support zones each time. However, in the past 24 hours, the largest cryptocurrency by market capitalization has struggled to regain its momentum. Some analysts believe Bitcoin’s bottom this cycle might be in as this correction officially became its deepest retrace. Related Reading: If History Repeats, This Is How Bitcoin Price Will Perform In The Next 6 Months Is The Bitcoin Bottom Here? In the early hours of Tuesday, Bitcoin started to plunge from the $64,000 price range. As the day continued, BTC prolonged its fall to briefly trading around $59,958 – $59,191 before recovering. This time, the recovery didn’t last long as Bitcoin’s price resumed its downward trajectory to $57,000. In an X thread, crypto trader Milkybull examined some data suggesting the bottom might finally be in. According to the analyst, BTC is “following the 2017 PA.” This would suggest that “either the bottom is in or close.” Moreover, he urged investors to remember that while good news “usually signals the top,” bad news signals a bull market’s bottom. In the thread, the trader pointed out that the Bitcoin Bull Market Support Band indicator historically serves strong support during BTC’s bull cycles. As a result, he considers that the flagship cryptocurrency might “wick through the support and bounce back.” 2024’s Bitcoin Bull Market Support Band indicator resembling 2017’s. Source: MilkybullCrypto on X According to the analyst, Bitcoin and global liquidity are also strongly correlated, with BTC currently at a level it has previously bounced back from. These bouncebacks initiated “huge rallies across the crypto market” in October 2022 and October 2023. Lastly, the thread highlighted that Bitcoin “is at a critical decision point for the local bottom.” The trader considers that while some call for a $48,000 bottom, the $51,000 support level might be where BTC bounces back to resume its cycle to this cycle’s top. Bitcoin’s Deepest Retrace This Cycle According to crypto analyst and trader Rekt Capital, this correction has officially been the deepest BTC retrace this cycle. Per the post, today’s -23.64% retrace surpasses the -22.91% retrace seen in February 2023. The analyst also compared this cycle’s “Post-Halving” pullback to 2016’s. Moreover, the trader considers that this bullish cycle might be more similar to the 2016 one than investors think. #BTC We are here (orange circle) And we've seen Post-Halving pullbacks like this in the past (e.g. 2016)$BTC #Bitcoin #BitcoinHalving pic.twitter.com/OvOcmJTzFk — Rekt Capital (@rektcapital) May 1, 2024 Previously, Rekt Capital listed three reasons these two cycles might be similar. Per the trader, the resemblances include the “Pre-Halving Re-Accumulation Range Breakout,” the “Pre-Halving Retrace Beginning,” and the “Similar Initial Reaction after the beginning of the Pre-Halving Retrace.” After today’s retrace, the analyst added the “Continued downside in the three weeks after the Halving” as a fourth similarity between the 2016…

Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture for cross-chain liquidity across both Ethereum and non-EVM layer-1 platforms. The update also focuses on automatizing interest rates based on market conditions with Chainlink data […]

Wyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument regarding non-custodial software. Lummis’s remarks follow the DOJ’s reply brief on the indictment against Tornado Cash developer Roman Storm’s motion to dismiss. Senator Lummis Questions DOJ’s Non-Custodial Wallet Stance, Cites Legal Misinterpretations Senator Cynthia Lummis, a staunch advocate of cryptocurrency, […]

Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP concluded the first quarter of 2024 with an approximate total of 425 bitcoins. Marshall also stated that during the first quarter, ARLP mined 61 bitcoins […]

Department of Justice (DOJ) federal prosecutors from the Southern District of New York are investigating fintech company Block, formerly known as Square, for significant compliance failures in its transaction monitoring systems after a former employee revealed lapses that included processing transactions with sanctioned nations and groups linked to terrorism. Allegations against Block include handling transactions […]

The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance and Solana. Despite the overall downtrend, Bitcoin, Base (a Layer two blockchain […]

Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for Identity Management According to an unofficial draft on Github, the Orange platform leverages the Bitcoin Inscription DID method (did:btc), which incorporates data […]

Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, “but already a current reality.” Peter Schiff […]

Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important,” Zhao emphasized. CZ: Binance […]

In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56 billion. Bitcoin Miners Recorded Strong Revenue Last Month On May 1, […]

On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the […]