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    • Igniting Frenzy: Pushd (PUSHD) Presale Hypes Up Ethereum (ETH) and Litecoin (LTC) Investors Globally
      Coinpedia Fintech News - 1 hour ago
      The post Igniting Frenzy: Pushd (PUSHD) Presale Hypes Up Ethereum (ETH) and Litecoin (LTC) Investors Globally appeared first on Coinpedia Fintech News In the fast-paced world of cryptocurrency, the Pushd (PUSHD) presale has ignited a frenzy among investors, captivating the attention of Ethereum (ETH) and Litecoin (LTC) enthusiasts worldwide. Against the backdrop of Ethereum (ETH) groundbreaking upgrade and Litecoin (LTC) impressive performance, Pushd (PUSHD) emerges as a disruptive force in the e-commerce sector, promising innovative solutions and …
    • CyberKart Unveils the Future of Multiplayer Crypto Gaming: A Thrilling Fusion of Racing, Strategy, and Blockchain Technology
      Coinpedia Fintech News - 16 hours ago
      The post CyberKart Unveils the Future of Multiplayer Crypto Gaming: A Thrilling Fusion of Racing, Strategy, and Blockchain Technology appeared first on Coinpedia Fintech News CyberKart launches as the ultimate fusion of high-speed racing, blockchain innovation, and immersive gameplay in the world of multiplayer crypto gaming. CyberKart, the highly anticipated multiplayer crypto racing game, has officially launched, offering gamers an adrenaline-fueled journey into a futuristic world where speed, strategy, and style collide. With its cutting-edge technology, innovative gameplay mechanics, and …
    • $10k Passive Income Monthly on Social Media With Innovative AI Tool
      Coinpedia Fintech News - 16 hours ago
      The post $10k Passive Income Monthly on Social Media With Innovative AI Tool appeared first on Coinpedia Fintech News $10k Passive Income Monthly on Social Media – Sounds Like a Dream? In today’s digital age, the allure of earning a substantial passive income through social media is more appealing than ever. Imagine generating over $10,000 a month, not through traditional means, but via the power of AI. This isn’t just a fantasy; it’s a …
    • How Glambase Can Make You the Creator of the Next Million-Dollar AI Influencer
      Coinpedia Fintech News - 16 hours ago
      The post How Glambase Can Make You the Creator of the Next Million-Dollar AI Influencer appeared first on Coinpedia Fintech News Virtual influencers are the latest trend taking the internet by storm. And the most exciting part is that the development of these digital celebrities has already become accessible to a broad range of users, not just tech-savvy artists. That’s where Glambase steps up, making it super easy for anyone to build a brand that can …
    • Analyst on X Posts Optimistic Forecasts for Ripple (XRP) as Investors Deploy More Capital for Final Minutes of Rebel Satoshi ($RBLZ) Presale
      Coinpedia Fintech News - 17 hours ago
      The post Analyst on X Posts Optimistic Forecasts for Ripple (XRP) as Investors Deploy More Capital for Final Minutes of Rebel Satoshi ($RBLZ) Presale appeared first on Coinpedia Fintech News TLDR Experts’ predictions have consistently projected a price rise for Ripple (XRP); another such projection expects XRP to reach $10. Rebel Satoshi ($RBLZ) rounds up its presale, but experts foresee a post-presale for $RBLZ. Recently, crypto bulls have taken control of the cryptocurrency market, causing some of the top altcoins, such as Ripple’s XRP, to …
    • Top Altcoins That Can Turn $10 Into $100 In March
      Coinpedia Fintech News - 17 hours ago
      The post Top Altcoins That Can Turn $10 Into $100 In March appeared first on Coinpedia Fintech News As the price of Bitcoin remains strong, trading close to its peak from 2021, numerous altcoins are also picking up pace, with Ethereum leading this surge. Consequently, the dominance of these altcoins is on the rise, capturing the attention of investors eager for the upcoming altcoin season, which is just around the corner. As a …
    • Indonesia contemplating changes in crypto taxes?
      Coinpedia Fintech News - 18 hours ago
      The post Indonesia contemplating changes in crypto taxes? appeared first on Coinpedia Fintech News Indonesia’s Commodity Futures Trading Regulatory Agency has reportedly asked the government to reconsider its take on cryptocurrency taxation owing to its significant role played in Indonesia’s economic development. Currently, crypto is considered to be a commodity in the nation and the digital assets are taxed at 0.11% VAT on each crypto transaction and a 0.1% …
    • Crypto Council comments on Hong Kong’s proposal defending Algorithmic Stablecoins
      Coinpedia Fintech News - 18 hours ago
      The post Crypto Council comments on Hong Kong’s proposal defending Algorithmic Stablecoins appeared first on Coinpedia Fintech News CCI has commented on the proposed stablecoin regulatory regime in Hong Kong criticising the proposed reserve and operational requirements defending algorithmic stablecoins, which the Hong Kong authorities had disapproved of. As per the report, the physical presence of senior management personnel in Hong Kong can be challenging, given the decentralized nature of crypto globally. An …
    • Crypto Exchanges Lose $908 Million Ethereum in Surprising Twist
      Coinpedia Fintech News - 18 hours ago
      The post Crypto Exchanges Lose $908 Million Ethereum in Surprising Twist appeared first on Coinpedia Fintech News Recent statistics from IntoTheBlock on Ethereum revealed a shocking twist. According to its tweet, $906 million ETH exited exchanges this week, marking the eighth week of net outflows. According to a graphic shared, total fees for the ETH network increased by 43.56% to $108.3 million. Ethereum’s significant outflows displays positive investor sentiments. Moreover, Ethereum has …
    • Tom Emmer’s Anti-CBDC Bill Getting backed by “Coalition Support”
      Coinpedia Fintech News - 18 hours ago
      The post Tom Emmer’s Anti-CBDC Bill Getting backed by “Coalition Support” appeared first on Coinpedia Fintech News Tom Emmer has been garnering support from varied stakeholders this week over his take on the Anti CBDC bill with over 120 cosponsors. Questions and controversies are going on over the integrity of the financial system. The Blockchain Association has also voiced its concerns questioning the government’s ability to exercise control over people’s funds and …
    • Blow-Off Top? Legendary Trader Peter Brandt Weighs In on Bitcoin After BTC Rises Nearly 50% in a Month
      The Daily Hodl - 2 hours ago
      Veteran trader Peter Brandt, who gained legendary status after calling the 2017 Bitcoin (BTC) collapse, is looking at the crypto king’s history to determine whether its multi-month bull run is over. Brandt tells his 719,800 followers on the social media platform X that he thinks Bitcoin’s bull market is just getting started after BTC surged […] The post Blow-Off Top? Legendary Trader Peter Brandt Weighs In on Bitcoin After BTC Rises Nearly 50% in a Month appeared first on The Daily Hodl.
    • $870,000,000,000 in Interest Will Be Spent on US National Debt This Year, Exceeding Defense Spending for First Time Since 1940: Report
      The Daily Hodl - 6 hours ago
      The US government is expected to shell out nearly a trillion dollars this year just to cover the interest on its record-level debt. The Committee for a Responsible Federal Budget (CRFB), a nonprofit that calls attention to issues with significant fiscal impact, cites data from the Congressional Budget Office (CBO) estimating that the US government […] The post $870,000,000,000 in Interest Will Be Spent on US National Debt This Year, Exceeding Defense Spending for First Time Since 1940: Report appeared first on The Daily Hodl.
    • JPMorgan Chase Refuses To Reimburse Customer Robbed at Gunpoint – Here’s How the Victim Fought Back
      The Daily Hodl - 9 hours ago
      Banking giant JPMorgan Chase reportedly refused to refund a customer who was forced to make a transfer while staring down the barrel of a gun. Chicago resident Victoria Karwowski says she and her roommate were suddenly approached by a group of thieves who wanted to drain her Chase account, reports ABC Chicago. “All three of […] The post JPMorgan Chase Refuses To Reimburse Customer Robbed at Gunpoint – Here’s How the Victim Fought Back appeared first on The Daily Hodl.
    • Ethereum Layer-2 Transaction Volumes Skyrocket in First Two Months of 2024, Says Analytics Firm IntoTheBlock
      The Daily Hodl - 9 hours ago
      Ethereum (ETH) layer-2 projects are on the rise, according to the crypto analytics firm IntoTheBlock. IntoTheBlock notes that Ethereum L2s have seen a 91% surge in transaction volumes since the beginning of 2024. The analytics firm also notes that both ETH and Bitcoin (BTC) continue to fly off centralized exchanges. In a new analysis, Lucas […] The post Ethereum Layer-2 Transaction Volumes Skyrocket in First Two Months of 2024, Says Analytics Firm IntoTheBlock appeared first on The Daily Hodl.
    • Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance
      The Daily Hodl - 13 hours ago
      An under-the-radar, interoperability-focused altcoin set a new all-time high after Binance announced it was listing the asset. Axelar (AXL) is a programmable Web3 interoperability platform that aims to provide cross-chain communication between numerous blockchains. Explains the project’s website, “Unlike other cross-chain connectors, Axelar is a proof-of-stake blockchain: it can do anything a blockchain can do. […] The post Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance appeared first on The Daily Hodl.
    • Bitcoin’s Current Surge Is Outperforming Previous Pre-Halving Rallies, According to Analyst – Here’s His Outlook
      The Daily Hodl - 14 hours ago
      A cryptocurrency strategist is forecasting the path forward for Bitcoin (BTC) after a double-digit rally over the past couple of days. The crypto analyst pseudonymously known as Rekt Capital tells his 59,700 YouTube subscribers that as the halving scheduled for April approaches, Bitcoin’s current price performance appears to be more bullish than in previous pre-halving […] The post Bitcoin’s Current Surge Is Outperforming Previous Pre-Halving Rallies, According to Analyst – Here’s His Outlook appeared first on The Daily Hodl.
    • Banking Glitch Sends $200,000,000 To 30,000 People in Error, Triggering Mad Dash To Claw Back Funds: Report
      The Daily Hodl - 15 hours ago
      Officials in one of the richest cities in the world are scrambling to claw back funds after a big banking glitch gave tens of thousands of employees a massive payday. On Monday, 30,000 Zurich city employees received double their February salary after a software hiccup caused the erroneous transfer of an additional 175 million Swiss […] The post Banking Glitch Sends $200,000,000 To 30,000 People in Error, Triggering Mad Dash To Claw Back Funds: Report appeared first on The Daily Hodl.
    • Nigerian Government Demands Nearly $10,000,000,000 From Binance for Alleged Foreign Exchange Rate Manipulation: Report
      The Daily Hodl - 16 hours ago
      The government of Nigeria is demanding billions of dollars from Binance, alleging that the crypto exchange manipulated the exchange rate of its fiat currency. According to a new report by the BBC, the Nigerian government is slapping Binance with a $10 billion fine, claiming that the top global crypto exchange by volume manipulated foreign exchange […] The post Nigerian Government Demands Nearly $10,000,000,000 From Binance for Alleged Foreign Exchange Rate Manipulation: Report appeared first on The Daily Hodl.
    • $90,000,000,000,000 Transfer of Wealth Begins, Creating Richest Generation in Human History: Report
      The Daily Hodl - 17 hours ago
      A seismic shift of wealth is beginning in the US, which will create the richest generation in recorded history, according to a new report. The global real estate consultancy firm Knight Frank is releasing its 2024 Wealth Report, and it finds boomers will hand $90 trillion in assets to millennials over the next 20 years, […] The post $90,000,000,000,000 Transfer of Wealth Begins, Creating Richest Generation in Human History: Report appeared first on The Daily Hodl.
    • Bitcoin Price Primed To Hit $900,000, According To Contentious Crypto Model – Here’s the Timeline
      The Daily Hodl - 18 hours ago
      Macro investor and fund manager Dan Tapiero says he’s analyzing the historical accuracy of a predictive model that suggests Bitcoin (BTC) will reach $900,000 this cycle. The CEO of investment firm 10T Holdings tells his 113,000 followers on the social media platform X that on-chain analyst PlanB’s stock-to-flow (S2F) model seems to be a reliable […] The post Bitcoin Price Primed To Hit $900,000, According To Contentious Crypto Model – Here’s the Timeline appeared first on The Daily Hodl.
    • Shiba Inu Just Ballooned To 124% – What’s Pushing The Price Up?
      NewsBTC - 16 hours ago
      Shiba Inu (SHIB) has experienced a remarkable surge in recent times, mirroring the broader optimism sweeping the cryptocurrency market. This uptrend coincides with Bitcoin’s impressive rise above $63,000. Related Reading: Pepe Coin Soars Over 250% – Will March Bring More Surprises? Shiba Inu Explodes On The Weekly Timeframe The memecoin has witnessed significant gains, with a solid 61% jump in a 24-hour timeframe, a more impressive 124% increase over the week, and a stellar 50% growth in the past month. Source: Coingecko Notably, SHIB has finally clawed its way into positive territory for 2023, boasting a 10% gain since February. In addition to this, its market capitalization crossed the $8.5 billion barrier for the first time in a year. This bullish momentum is further bolstered by technical indicators. The recent price climb above $0.000014 has demonstrably reignited investor interest, as evidenced by the substantial 75% surge in trading volume. This suggests a potential breakout from a previous consolidation phase and could signal further upward movement if buying pressure persists. SHIB seven-day price rally. Source: Coingecko Market Strength And Bull Run Potential The total market capitalization of cryptocurrencies is nearing $2.5 trillion, a significant milestone. This uptick has fueled speculation among some analysts for a potential bull run, a period of sustained price increases. While past performance doesn’t guarantee future results, this rising market cap does suggest a return of investor confidence. Bitcoin is now trading at $61.970. Chart: TradingView.com These often highly volatile assets have experienced explosive price jumps, potentially contributing to a positive feedback loop within the broader market. This “meme coin frenzy” could be a sign of increased retail investor participation, which can be a double-edged sword, driving prices up but also increasing volatility. SHIB Investor Sentiment An interesting technical indicator is the improvement in Shiba Inu (SHIB) investor sentiment. Data suggests that over 50% of SHIB holders are currently sitting on profits, compared to a mere 10% in September 2022. This shift reflects the positive impact of the recent price increase and could further fuel buying pressure if the trend continues. Shifting Tides Meanwhile, on-chain data from Lookonchain indicates a sizeable investor, commonly referred to as a “whale,” has made a strategic shift in their holdings. This whale liquidated nearly 2 trillion PEPE tokens, profiting $3.5 million. This divestiture suggests the whale perceived PEPE to be nearing a price peak or no longer aligned with their investment goals. Related Reading: BNB Barrels Past $400, As Binance TVL Nears $5 Billion – Details Following the PEPE sale, the whale reinvested a portion, $893,000, into Shiba Inu (SHIB). This strategic allocation of 76 billion SHIB tokens suggests the whale anticipates potential growth in SHIB’s price. However, it’s important to remember that this is a singular instance. Featured image from Pexels, chart from TradingView
    • Crypto Analyst Predicts Parabolic Rally For Cardano – Here’s The Timeline
      NewsBTC - 18 hours ago
      Several analysts have expressed optimism, suggesting that Cardano (ADA) is poised for a bullish market surge in the near term. ADA recently went on an impressive spike on the last day of February, registering a 14% gain to push its price above $0.7 for the first time since May 2022.  Related Reading: BNB Barrels Past $400, As Binance TVL Nears $5 Billion – Details Despite these gains, there have been concerns from some investors of ADA potentially falling behind in its performance relative to Bitcoin in the last bull cycle. Popular crypto analyst Dan Gambardello addressed some of these concerns in a recent video posted on X. He mentioned that Cardano is currently within a typical trend and that a bull indicator which is expected to welcome a parabolic price spike would soon be triggered. Parabolic Rally For Cardano Gambardello’s recent video analysis came mostly to address concerns about ADA’s underperformance in this bull cycle. Particularly, parallels were made to the last time Bitcoin reached $60,000 in March and ADA was trading around $1.30 to $1.98. However, this hasn’t repeated itself and traders are beginning to wonder if ADA will attract the same bullish sentiment. Bitcoin has now broken past the $60,000 mark again and ADA finds itself in the $0.66 to $0.7 region.  Gambardello emphasized Ethereum’s past action as a comparison, noting that the cryptocurrency is one cycle ahead of Cardano. In that context, when Bitcoin neared its former all-time high of $17,000 in the last cycle in 2021, Ethereum was at $500. This seemingly underperformed its previous performance without raising a cause for concern from investors, as ETH was at $700 when BTC reached an all-time high of $17,000 in 2017.  He remarked that since ADA is currently mirroring Ethereum’s last cycle, the current price movement is normal. He also noted that most altcoins are getting ready to power through.  Ultimately, the analyst noted that a bullish break of structure just occurred on ADA’s weekly chart. The last time this happened in 2021, ADA went on a price surge from $0.15 to $1.5.     Bitcoin is now trading at $61.777. Chart: TradingView.com Current State Of Cardano Gambardello noted in his analysis that while the break of structure indicator got triggered above $0.7, ADA saw a minor correction shortly after. In light of this, he made the observation that a significant disruption of structure might take place within the next three days. Remarkably, ADA has in fact broken out of the $0.7 price level since the analyst posted his video online. At the time of writing, ADA is trading at $0.74, up by 10% in the past 24 hours. Particularly, ADA reached above $0.76 in the past 24 hours.  Related Reading: Dogwifhat What? Memecoin Barges Into 86th Spot With 320% Rally – What’s Going On? The Cardano blockchain recently crossed over 10 million blocks. ADA is now on its way to continue on massive gains along with the rest of the crypto market.  Featured image from Pexels, chart from TradingView
    • Dogwifhat What? Memecoin Barges Into 86th Spot With 320% Rally – What’s Going On?
      NewsBTC - 21 hours ago
      The strong ascent of Dogwifhat (WIF) has made it stand out among cryptocurrencies and captivated investors. Crypto markets are gearing up for the first weekend of the month, and memecoins in particular are showing strong signs of positive momentum. Related Reading: Bitcoin Ascent To $64,000 Causes Coinbase To Crash – Here’s What Happened Amidst the increased hope, the meme coin based on Solana experienced an incredible 320% rally last week, propelling WIF to the top 100 cryptos from a valuation of $1 billion or more. However, why has this ascent been so rapid? Dogwifhat’s Rise: Bulls In Action At the time of writing, the price of Dogwifhat had increased 35% to $1.20, and its trading volume had surged 75% to $388 million. Over the past day, the value of one WIF token has fluctuated between $0.83 and $1.32. Withstanding sufficient bullish and bearish pressures, WIF has been trading within an ascending parallel channel since its debut. In spite of this, bulls should be prepared to fight fiercely against any bearish pressures that may arise. Bitcoin is now trading at $61.921. Chart: TradingView.com As a result, we anticipate that the WIF price will first reach $1.5 after continuing its upward consolidation along the parallel channel’s upper resistance. If the bulls keep on their momentum, getting to $2 might not be too difficult for dogwifhat pricing. Robinhood Europe’s IPO of the WIF token occurred at the same time as Dogwifhat’s stratospheric ascent in the cryptocurrency hierarchy. European customers of Robinhood can now trade WIF in addition to a plethora of well-established tokens, such as XRP, Cosmos, and Polkadot. The fucking hat stays on. Who is $WIF me? pic.twitter.com/Cq0eNp6JTp — Arthur Hayes (@CryptoHayes) March 1, 2024 The anticipation for the Robinhood listing was reaching a peak, and former BitMEX CEO Arthur Hayes was among the many who took to social media to voice their opinions. X influencer “OSF” has fueled rumors that other major exchanges like Coinbase, Binance, or Gemini may soon join Robinhood in listing Dogwifhat, which is a huge deal for everyone. Honestly mental that $WIF is about to hit $1bn market cap and still isn’t listed by @coinbase, @Gemini or @binance. pic.twitter.com/Jk0gpWy5ME — OSF (@osf_rekt) March 1, 2024 Whale Confidence Boosts Dogwifhat’s Surge Separately, Lookonchain, an on-chain data source, uncovered substantial whale activity in the WIF area. A large investor recently bought more over 673,000 WIF tokens at $1.36 each after withdrawing around $918,000 worth of Solana from Binance. Related Reading: BNB Barrels Past $400, As Binance TVL Nears $5 Billion – Details Also, this whale has clearly seen the potential in WIF; he has spent $2 million to buy 2.82 million tokens at $0.71 each, demonstrating his faith in the project. This whale’s activities, which resulted in an unrealized profit of almost $1.35 million, add to the positive attitude around dogwifhat (WIF) and its prospects for significant gains in the coming months. Featured image from Pexels, chart from TradingView
    • Pepe Coin Soars Over 250% – Will March Bring More Surprises?
      NewsBTC - 23 hours ago
      There are lots of surprises during the bull season. Occasionally, during a bull run, coins that have been falling or thought to be dead can rise again, and tokens with defective models can self-correct. In the instance of Pepe Coin (PEPE), which was thought to have lost value and utility but has recently gained attention and is amassing a large number, this is the situation. Related Reading: Ethereum Bulls Get Aggressive As Traders Set Sights on $4,000 Amid Market Frenzy With Bitcoin getting close to its peak price and the market rallying, the cryptocurrency space is a flurry of activity. Memes have particularly profited from this renaissance because of their widespread popularity and low cost, which draw in a diverse range of investors. Pepe Coin Climbs Amid Increased Memecoin Interest Pepe Coin has stood out in this surge of interest, coming in third place in the meme coin rankings, only behind Shiba Inu (SHIB) and Dogecoin (DOGE). This rise suggests that investors are becoming more interested. PEPE had a very diverse trajectory and became a billion-dollar asset at periods when there was speculation of a huge trend reversal. The market cap rise of the memecoins was increasing dramatically. Source: Coingecko The weekly and daily chart patterns, when analyzed, show consistent growth that might perhaps reach new heights. February saw the start of Pepe’s value climb, which culminated in a 200% spike in just one week. Today, Pepe reached a top of $0.0000041, and registered an impressive 255% rally in the weekly timeframe. The coin’s performance was equally notable in the 24-hour timescale, with a nearly 50% gain. The weekly chart shows Pepe’s value is still above the critical resistance level, indicating that the market is confident and that there may be further rises ahead. PEPE seven-day sustained price rally. Source: Coingecko The bulls will regain momentum and challenge the price’s upper resistance level of $0.00000315 if the market pushes the price above the barrier level of $0.00000280. Additionally, if the bulls maintain their hold on the market, it will rise further and get ready to test its upper boundary of $0.00000350. Meme Coin Profits Up In the meantime, a scenario of note occurred when six prominent wallets made trades and sold approximately 2 trillion $PEPE coins between them. Sales for the transaction totaled about $4.37 million, while profits came close to an astounding $2 million. Token exchanges of this size demonstrate the extent of market activity around $PEPE during this upswing. Total crypto market cap is currently at $2.262 trillion. Chart: TradingView.com Although lacking the technological sophistication of Ethereum, its merits reside in its active participation by the community and the capacity for social media to go ubiquitous. Similar to other meme coins, Pepe Coin is subject to significant fluctuations in value due to celebrity endorsements and community sentiment. This renders it a potentially lucrative investment opportunity for individuals adept at navigating the tumultuous realm of internet meme culture. With Pepe Coin experiencing a remarkable 250% surge, all eyes are…
    • Historical Data Signals Bitcoin’s Imminent 25% Plunge – Time To Buy Or Bail?
      NewsBTC - 1 day ago
      Historical data suggests that no Bitcoin cycle has peaked without experiencing significant double-digit corrections. These downturns, while daunting, have historically presented lucrative ‘buy-the-dip’ opportunities for investors. As Bitcoin continues its ascent, with its price hovering above $62,000, the anticipation of a potential correction looms large, offering a window into the cyclical nature of cryptocurrency markets. Related Reading: JPMorgan Analysts Predict Bitcoin Crash To $42,000 Post-Halving – What You Need To Know Market Maturity And Correction Patterns Seasoned investor CryptoJelleNL recently shared a post on X earlier today pointing towards an imminent correction in the 20-25% range for Bitcoin. Based on cycle analysis, this predicted dip indicates a potential drop to the $46,500 range, earmarking an opportunity for investors to bolster their positions in the leading crypto. Corrections are an essential part of a #Bitcoin bull market — but with each passing cycle, the dips become shallower. This cycle, it looks like ±20-25% will be the sweet spot for dip-buying. Your job is to be ready to take advantage when it comes. pic.twitter.com/xrI7iKfiPR — Jelle (@CryptoJelleNL) March 1, 2024 This perspective gains further credence when examining the diminishing severity of corrections as the market matures; the 2016-2017 Bitcoin cycle was characterized by seven substantial corrections, with an average pullback of 32%, significantly impacting investor sentiment and portfolio values. In the subsequent cycle that propelled BTC to its current all-time high of $69,000, the market conditions were considerably more lenient for bullish investors: experiencing five downturns, the average decline was limited to 24%. Fast forward to the present cycle, and the landscape appears somewhat different. With only four notable corrections recorded so far and an average pullback of 21%, Bitcoin should see a notable pullback, though not as harsh as previous ones. This indicates the market’s growing maturity. Additionally, this evolution suggests that while corrections remain a staple of the Bitcoin experience, their capacity to deter the asset’s long-term trajectory diminishes. Navigating Bitcoin Upcoming Corrections The potential correction for Bitcoin, as indicated by CryptoJelleNL is echoed by other market observers. Galaxy Digital Holdings CEO Michael Novogratz has also highlighted the possibility of a temporary dip, attributing it to factors such as excessive leverage among younger investors. Despite these forecasts, Bitcoin’s current momentum remains strong, with recent price action showing a near 2% increase in the past 24 hours, underscoring the asset’s sturdy appeal. In addition to speculative analysis, real-world examples of investor success stories provide tangible evidence of Bitcoin’s enduring allure. A notable instance is a smart whale who, per lookonchain analytics, invested $1.39 billion in Bitcoin in July 2022 at an average price of $21,629 per BTC. Related Reading: Bullish Forecast: Analyst Predicts Surge To $88,000 As Bitcoin Hits Highest Level In Two Years With BTC price now surging past the $62,000 mark, this investor’s unrealized profit is a testament to the strategic potential of timely market entry and the value of patience in the face of volatility. A smart whale has accumulated 22,670 $BTC($1.39B) at an average price of $21,629…
    • BlackRock Spot Bitcoin ETF Launches In Brazil, ETF Market Secures 4% Of Total BTC Supply
      NewsBTC - 1 day ago
      BlackRock, the world’s largest asset manager, announced the iShares Bitcoin Trust ETF (IBIT39) launch in Brazil on Thursday. Starting today, Friday, March 1, shares of this index fund, which tracks the spot price of Bitcoin (BTC), will be traded on the Brazilian Commodities and Futures Exchange, known as B3. BlackRock Launches IBIT39 Bitcoin ETF In Brazil Karina Saade, president of BlackRock in Brazil, highlighted the company’s commitment to providing high-quality access vehicles to investors in the digital asset market. She stated: IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have established so far in the digital asset market. Related Reading: Crypto Analyst Reveals Why Most Realistic XRP Price Lies Between $13 And $39 Felipe Gonçalves, Superintendent of Interest and Currency Products at B3 discussed the growth of the listed crypto market in Brazil. He noted that the market, which started in 2021, now has 13 ETFs with total assets of R$2.5 billion, or about $505 million. While the market experienced fluctuations in its early years, it reached an eye-catching daily trading volume of R$30 million reais ($6.6 million) by the end of last year, according to local media reports in Brazil.  Gonçalves mentioned that investors in crypto ETFs include institutional investors, such as funds, and individual investors, with a current number of 170,000. Liquidity in the market is provided by non-residents investing in B3 as a whole. IBIT39 will reportedly have a management fee of 0.25%, with a one-year waiver that reduces the fee to 0.12% once the fund reaches its first $5 billion in assets under management (AUM). The product will be made available to the general public, allowing broader participation in the Bitcoin market. $7.5B Net Inflow In Bitcoin ETFs Since Launch In The US BlackRock’s IBIT (iShares Bitcoin Trust) ETF has emerged as a notable player in the US ETF race, countering a significant outflow from Grayscale’s Bitcoin Trust (GBTC). BitMEX research data shows that on February 29, 2024, positive flows amounted to $92 million for the day. Notably, BlackRock and GBTC offset each other, experiencing $600 million in opposite directions. The data shows that since the ETFs began trading on January 11, 2024, there has been an impressive net inflow of $7.5 billion. Related Reading: Shiba Inu Could See A 2,100% Run If This Happens The overall holdings of spot funds, which directly hold Bitcoin, stood at 776,464 BTC (equivalent to $47.7 billion) on Friday morning, according to BitMEX Research. It’s essential to consider that the total BTC supply currently in circulation is 19.64 million, with a maximum limit of 21 million.  With this context, the fact that the ETFs have secured 4% of the total BTC supply is a significant milestone. It demonstrates the growing demand for Bitcoin among investors utilizing these index funds to gain exposure to the cryptocurrency. BTC continues to consolidate above the $62,000 mark, rising 1.3% in the past 24 hours. Featured image from Shutterstock, chart from TradingView.com
    • Cardano’s Price Performance In The Current Bull Run – Is ADA Lagging Behind?
      NewsBTC - 1 day ago
      As Bitcoin (BTC) is currently in a bull run, eclipsing the $60,000 mark once again, the spotlight has turned to ADA performance in comparison. With a history that mirrors Ethereum’s (ETH) early days, ADA’s journey through the market’s ups and downs has prompted a closer examination of its potential trajectory. The eighth-largest cryptocurrency by market cap, ADA has seen its fair share of highs and lows, with a recent uptick in price sparking both interest and speculation about its future. Particularly, Cardano’s current trading level, lingering below the highs of the March-April 2021 bull run, has raised eyebrows, especially when juxtaposed with Bitcoin’s bullish momentum. Related Reading: Bullish Forecast: Analyst Predicts Surge To $88,000 As Bitcoin Hits Highest Level In Two Years During the last peak period when BTC hit $60,000, ADA traded above $1. Yet, as Bitcoin revisits its former glory, ADA’s valuation stands around $0.6, presenting a curious case for analysis. Dan Gambardello, a crypto analyst have drawn parallels between ADA’s price action and Ethereum’s historical performance, suggesting that ADA may be on the cusp of a “significant breakout”, akin to ETH’s journey post-2017. CARDANO Bull Indicator Almost ACTIVATED! (Truth Behind ADA Price!) Intro 00:00 Cardano price concern 00:50 Is Cardano price lagging this cycle? 1:30 Ethereum offers helpful context 2:30 Cardano is within a normal move 8:00 Cardano bull indicator almost triggered! 9:25 pic.twitter.com/8tRlwEj8AO — Dan Gambardello (@cryptorecruitr) March 1, 2024 ADA Historical Echoes With Ethereum Dan Gambardello’s comparison of ADA to Ethereum’s past trajectory sheds light on the developmental parallels and market behavior between the two cryptocurrencies. Gambardello points out that ADA’s entry into the market towards the tail end of the 2017 bull run placed it in a different starting position than ETH. Despite this, both currencies achieved notable highs during that period. The subsequent bear market phases for both ADA and ETH were marked by substantial corrections and periods of foundational development, crucial for their long-term viability, according to Gambardello. The analyst added that the emergence of Decentralized Finance (DeFi) projects on both platforms, with Uniswap for ETH and SundaeSwap for ADA, underscores the parallel paths of “innovation and growth.” This historical perspective suggests that ADA’s current position and 78% dip from its peak might not be as dire as it appears. Instead, it could indicate a maturing phase that precedes significant growth, much like Ethereum experienced after its initial setbacks. Related Reading: ADA Price Breakout: Analyst Predicts New All-Time High As Cardano Surges by 30% The comparison offers a hopeful outlook for ADA, positioning it as a digital asset with the potential to recover and surpass its previous highs as it follows in Ethereum’s footsteps. Cardano’s Potential Unfolding Crypto analysts Trend Rider and Ali’s recent analysis has also amplified the optimism surrounding Cardano’s future. Trend Rider’s alert on a potential new all-time high for ADA, backed by a significant increase in the Trend Strength Indicator, echoes the sentiment of a pending rally reminiscent of ADA’s climb to $3.6. 🚨 $ADA Bull Run loading.…
    • Crypto Exchange Says Cardano Price Can Reach $165, Here’s When
      NewsBTC - 1 day ago
      Cardano (ADA) is currently riding on the back of a 14% gain in the past seven days, allowing the cryptocurrency to break past the $0.70 price level for the first time since May 2022. According to crypto exchange Changelly, Cardano is poised to continue on this price growth and break over $1, $10, and $100 in the coming years and decades. Changelly Predicts Exponential Cardano Price Growth Cardano is one of the biggest cryptocurrencies by market cap with a cap of over $23.5 billion. Although ADA has since retraced some of its gains earlier in the week and is now trading below $0.77, it ended February with a 35% gain amidst a wider inflow of money into the crypto market. Current fundamentals have prompted experts to forecast a continued price surge in March. Related Reading: Crypto Expert Reveals Why Bitcoin Can Rise To $400,000 According to Changelly’s prediction, ADA will continue on this price growth to make a steadfast breakout above $0.70 and end the month at a maximum of $0.751. Notably, analysts at the exchange also looked at future price points for ADA, predicting very bullish prices. In its prediction, the exchange noted ADA would break over $10 in 2030. With the cryptocurrency now trading at $0.66, this would mean a 1,400% growth from the current price level. Looking further into the future, Changelly expects this price growth to continue into the next decade, allowing ADA to eventually break over $165 by 2040 and end the year around $600. How Feasible Is This Bullish Prediction? Cardano has had its fair share of ups and downs in the past few years. Recently, the blockchain network saw a 90% jump in the creation of new wallet addresses, indicating increased network activity and interest in the network. However, the blockchain has also been subjected to negative remarks, with multiple reports hinting that Cardano’s network activity has been nothing but fabrications. Particularly, a recent report termed ADA as a dead coin. Related Reading: Bitwise CEO Says Bitcoin At $250,000 Is Closer Than You Think Despite this, some holders and experts remain optimistic. For ADA to cross over $10 and $100 per coin, mainstream adoption needs to happen. As the crypto industry, which is spearheaded by Bitcoin, becomes more mainstream, Cardano is poised to benefit from greater adoption. While $165 per ADA sounds overly optimistic now, if Cardano can achieve its ambitious goals, gain mainstream interest and adoption, and attract institutional investment from traditional investors, that price target may not be so unrealistic after all. At the same time, this isn’t impossible, as ADA has delivered over 3,000% profit for its holders in the past. ADA price at $0.68 | Source: ADAUSD on Tradingview.com Featured image from Blockchain News, chart from Tradingview.com
    • Bitcoin ETF Breaks Records: BlackRock’s IBIT Joins Elite ‘$10 Billion Club’ Amidst Soaring Demand
      NewsBTC - 1 day ago
      The demand for spot Bitcoin exchange-traded funds (ETFs) has surged since their recent approval on January 10, with BlackRock’s IBIT Bitcoin ETF leading the way. This ETF has reached impressive milestones in less than two months, attracting significant investor interest and opening doors for various market participants to invest in the largest cryptocurrency directly.  As institutional and retail investors flock to these new investment vehicles, market experts predict a bullish trend and anticipate a potential price surge. Bitcoin ETF Frenzy According to Bloomberg ETF expert Eric Balchunas, BlackRock’s IBIT Bitcoin ETF has quickly joined the esteemed “$10 billion club,” reaching the milestone faster than any other ETF, including Grayscale’s Bitcoin Trust (GBTC), noting that only 152 ETFs out of 3,400 have crossed the threshold. Balchunas notes that IBIT’s ascent to this club was primarily driven by significant inflows, which accounted for 78% of its assets under management (AUM). This reflects the growing appetite for Bitcoin exposure among investors seeking diversified and regulated investment options. In particular, the current trajectory of the ETF market paints a picture of resilience and bullish sentiment in the market. Equity ETF flows, and leveraged trading levels are positive indicators, although they have not yet reached the euphoria seen in 2021, Balchunas notes.  However, Bloomberg’s new BI ETF Greed/Fear Indicator, which incorporates various inputs, highlights the optimistic outlook shared by ETF investors, as seen in the chart below. Related Reading: Fetch.AI (FET) Surges 21%: Why This Rally Is Just Getting Started On this matter, crypto analyst “On-Chain College” went to social media X (formerly Twitter) to emphasize the significant demand for Bitcoin as evidenced by its rapid departure from exchanges.  In its analysis, On-Chain College highlights that Bitcoin ETFs buy approximately ten times the daily amount of BTC mined. At the same time, the upcoming halving event will further reduce the mining supply. The analyst predicts when demand will exceed available supply, leading to potential upward price pressure. Highest Monthly Close Since 2021 Bitcoin’s recent market performance has caught the attention of wealth manager Caleb Franzen, who highlights the significance of the highest monthly close since October 2021.  Franzen further emphasizes the bullish momentum by pointing out that the 36-month Williams%R Oscillator has closed above the overbought level for only the fourth time in history. Historical data reveals impressive returns following such signals, indicating the potential for substantial gains in the coming months.  Additionally, Franzen notes the changing dynamics of the market, with increased institutional participation and the ease of retail onboarding through ETFs. Franzen presents a compelling case for the bullish nature of overbought signals, urging market participants to view them as momentum indicators rather than signals to fade. Previous instances of overbought signals have resulted in significant Bitcoin price appreciation: February 2013: +3,900% in 9 months December 2016: +1,900% in 12 months November 2020: +260% in 12 months While acknowledging diminishing returns in each cycle, Franzen highlights the unprecedented level of institutional participation and the ease of retail access through ETFs.  Related Reading: XRP…
    • CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10
      NewsBTC - 1 day ago
      Oliver Michel, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for the XRP price. According to him, XRP could hit $10 soon enough.  XRP Price To $10 Is Just The Beginning Michel mentioned during an interview with Der Aktionär, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its parabolic move to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn’t seem worried about XRP’s current price action.  Related Reading: Dogecoin Rallies 50% To Beat Out Avalanche, BONK Overtakes PEPE Meanwhile, Michel revealed that he is invested in the XRP tokens as he has them both in his family office and with his company, Tokentus. The same applies to Ripple shares, which he stated he purchased through an SPV (Special Purpose Vehicle).  Michel is no stranger to the XRP ecosystem, considering that his company partnered with Ripple last year in an effort to grow and increase the adoption of the XRP Ledger (XRPL). During the interview, Michel also offered his thoughts on Ripple as a “professional company” and sounded so bullish on what the crypto firm was building with its Payment service.  He used the opportunity to elaborate further on how Ripple was simplifying cross-border transactions with the help of the XRPL and XRP tokens. Ripple is known to settle these transactions through its blockchain, with XRP serving as the utility token, and these XRP tokens are then converted to the fiat currency of the recipient’s choice.  XRP To Become The “World Reserve Bridge Currency” Michel stated that XRP could become the “world reserve bridge currency” once countries implement their CBDCs (Central Bank Digital Currency). Ripple’s XRPL is already being touted as the go-to chain for CBDC settlements. The crypto firm had also revealed that they were already actively working with more than 20 Central banks on CBDC initiatives.  Related Reading: Crypto Expert Reveals Why Bitcoin Can Rise To $400,000 The Tokentus founder also believes it won’t be long before other Central banks fall back on Ripple to help them implement their CBDCs. He noted that the pressure was piling up on these banks to act now to avoid an impending economic collapse. XRP is expected to play an integral role when this all happens.  Ripple’s XRPL also looks set to act as the intermediary between all these CBDCs when the time comes. Bitcoinist once reported how the network’s clawback feature boosts the prospects of CBDCs being implemented on it.  At the time of writing, XRP is trading at around $0.58, down over 1% in the last 24 hours, according to data from CoinMarketCap.  XRP at $0.58 | Source: XRPUSD on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com
    • Robert Kennedy Jr: Bitcoin Is Inflation Offramp — BTC Is Key to Transactional Freedom
      Bitcoin News - 2 hours ago
      U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says bitcoin is the offramp from central banks’ “money printing machine.” Emphasizing that bitcoin is a “hard currency,” he stressed the importance of making the cryptocurrency available to the American public. “Transactional freedom is as important as freedom of speech and you only get that from […]
    • Galaxy Digital Sees ‘Tremendous Global Demand for Bitcoin’ — CEO Says ‘There’s a New Army of Buyers’
      Bitcoin News - 4 hours ago
      Galaxy Digital CEO Mike Novogratz sees “a tremendous global demand for bitcoin,” emphasizing: “This is probably the first time in the history of bitcoin that we have true price discovery.” Noting that there is “a new army of buyers” and there is also “an army of salespeople,” he expects the price of bitcoin to be […]
    • Peter Brandt on Bitcoin Bull Market: My Bet Is This Is a ‘Starting’ Candle
      Bitcoin News - 6 hours ago
      Veteran trader and renowned chartist Peter Brandt has doubled down on his bullish outlook for bitcoin. After raising his bitcoin price target for this bull market cycle to $200K, Brandt pointed to “huge monthly bars” on his bitcoin price chart, stating: “My bet is that this is a ‘starting’ candle.” Peter Brandt’s Bitcoin Bull Run […]
    • JPMorgan Expects Bitcoin Price to Drop to $42K After Halving
      Bitcoin News - 8 hours ago
      JPMorgan has cautioned investors that the price of bitcoin could fall to $42,000 after the halving event in April. The global investment bank’s analysts explained that $42K is the level they “envisage bitcoin prices drifting towards once bitcoin-halving-induced euphoria subsides after April.” The bank also recently stated that the bitcoin halving and the next major […]
    • Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards
      Bitcoin News - 10 hours ago
      In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over 10 million UNI tokens pledged in its favor. Historic Vote to Reward UNI Holders […]
    • Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline
      Bitcoin News - 12 hours ago
      In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw a decrease this month. Bitcoin’s Hash Price Breaks […]
    • NFT Market Booms With 35% Sales Increase as Cryptocurrencies Rally
      Bitcoin News - 14 hours ago
      As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in […]
    • Value Locked in Defi Nears $100 Billion Milestone Amidst Broad Market Uptick and Lido Dominance
      Bitcoin News - 17 hours ago
      Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure not observed since before the collapse of […]
    • Bitcoin Cash Soars 40% in 24 Hours as Market Eyes Upcoming Halving and Adaptive Block Size Upgrade
      Bitcoin News - 19 hours ago
      On Saturday, March 2, the valuation of bitcoin cash witnessed a significant increase, climbing over 40% within a 24-hour span to reach a peak of $451 each. This upward trend is attributed to the anticipated halving event, set to happen in 16 days, and the forthcoming 2024 upgrade, which is expected to implement an adaptive […]
    • Report: Nigerian Government Imposes $10 Billion Fine on Binance
      Bitcoin News - 20 hours ago
      The Nigerian government has reportedly slapped the cryptocurrency exchange Binance with a $10 billion fine. According to a Nigerian government official, Binance is being punished for causing the local currency’s recent plunge against major currencies. Binance’s Alleged Influence on the Exchange Rate The Nigerian government is reportedly demanding a $10 billion fine from the crypto […]
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