The latest meme coin to hit the market, BOOK OF MEME (BOME), has taken the cryptocurrency world by storm with an astonishing price rally of 5,000%. This remarkable debut has captured the attention of investors looking to capitalize on the volatile yet potentially profitable meme coin market. The Solana Blockchain: A Hotbed for Meme Coin
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The price of Bitcoin surged to a new all-time high, nearing $74,000 after a slight dip below $72,000 just a day before. This milestone comes after a strong performance towards the end of last week when Bitcoin surpassed $70,000 for the first time on Friday. Despite a minor retracement following this peak, BTC continued to
MakerDAO, a prominent DeFi lending protocol, has recently announced its ambitious plan for the future with the introduction of the highly anticipated ‘Endgame’. This multi-phase project is set to revolutionize the ecosystem and drive exponential growth in Dai adoption. With the first phase scheduled for a summer 2024 launch, MakerDAO aims to establish a fully
Recently, CryptoQuant founder Ki Young Ju expressed concerns about the continuous influx of capital into spot Bitcoin ETFs. He warned of a potential sell-side liquidity crisis within six months if this trend persists. Ju emphasized that bears will not be able to win this game until the inflow of spot Bitcoin ETFs stops. In the
Bitcoin mining earnings have recently reached an all-time high, reflecting the ongoing surge in the value of the leading cryptocurrency. According to data compiled by CryptoQuant, miners raked in a daily revenue of $78.6 million on March 7, surpassing the previous record set during the peak of the crypto boom in April 2021. This surge
Thailand’s Securities and Exchange Commission (SEC) recently made a significant change to its regulations, allowing for the creation of private funds that can invest in spot Bitcoin exchange-traded funds (ETFs) traded on U.S. exchanges. This new opportunity is, however, limited to institutional investors and high-net-worth individuals. The decision to permit asset management firms to oversee
Bitcoin’s recent surge past $70,000 has left many experts analyzing its potential future growth. According to Rekt Capital, historical patterns indicate that Bitcoin tends to reach its peak around 518-546 days after a halving event. However, the current cycle seems to be accelerating, with a potential deviation of around 260 days. This suggests that the
Ethereum (ETH) has been on a significant price growth trajectory, surpassing the $4,000 level for the first time since December 2021. This surge in price, with a monthly increase of 60%, has caught the attention of many investors and analysts who believe that the rally could continue in the near future, potentially leading to a
Bitcoin experienced a rollercoaster ride over the past week, starting with a sharp increase over the weekend that led to a new all-time high of nearly $73,000. This surge was a result of several factors, including a positive start on Monday and renewed investor interest in the cryptocurrency market. However, this record-breaking high was short-lived
The price of Ethereum has been on a rapid rally in recent weeks, surpassing multiple resistance levels. This surge has led to the price hitting a significant level that may act as a barrier for further growth. Looking at the daily chart, Ethereum has been consistently making higher highs and higher lows, indicating a positive
The recent listing of Metis (METIS) on Binance has had a positive impact on the price of the cryptocurrency. This development comes at a time when the overall cryptocurrency market is experiencing a resurgence, with major cryptocurrencies like Bitcoin (BTC) reaching record highs. Binance’s continuous efforts to enhance its platform in response to market trends
Since the approval of spot Bitcoin ETFs in mid-January, the cryptocurrency markets have experienced a significant surge of 60%. This surge has added a trillion dollars to the total capitalization of crypto assets. While Bitcoin reached a new all-time high during this period, Ethereum struggled to overcome the $4,000 level decisively. Fox Business correspondent Eleanor
Russia, a member of the BRICS alliance, has made a groundbreaking announcement regarding the development of a new blockchain-based payment system. This system aims to transform trade settlements among BRICS member nations by providing an independent mechanism for conducting transactions. The alliance, comprised of Brazil, Russia, India, China, and South Africa, is collaborating to pioneer
In a bold move, the Stanford Blyth Fund, a student-run investment organization at Stanford University, made a significant investment in Bitcoin (BTC) at the price of $45,000 in February. This decision came after a compelling presentation by Kole Lee, a computer science major and leader at the Stanford Blockchain Club. Following Lee’s pitch, the Blyth
Bitcoin’s price is currently breaking the previous all-time high to the upside, reaching towards the $70K level. The upcoming targets for BTC in the coming months are believed to be the psychological resistance levels of $70K and $80K. Despite this positive momentum, the Relative Strength Index is displaying an overbought signal, indicating a potential correction
The recent surge in Bitcoin’s price has caught the attention of investors around the world. With the price surpassing $70,000, it is clear that the bull run is far from over. One of the key indicators of this sustained growth is the fact that the federal funds rate for borrowing U.S. dollars has not yet
The year 2022 marked a period of turmoil for cryptocurrency lenders, with many well-known names such as BlockFi and Celsius Network facing a devastating crash. However, amidst the chaos, Nexo managed to emerge as one of the few survivors in this niche industry. According to Dimitar Bratovanov, Nexo’s Product Manager, the key to the company’s
The introduction of spot Bitcoin ETFs has caused a surge in trading volume, attracting new investors to the cryptocurrency market. This has created a sense of optimism that goes beyond just Bitcoin itself. However, despite this positive trend, the launch of a spot Ethereum ETF is still pending approval from the US Securities and Exchange
Bitcoin’s price has been on a wild rollercoaster ride in the past few days. After staying stagnant for a while, the cryptocurrency catapulted above $70,000 for the first time ever, only to be harshly rejected shortly after. This sudden spike and subsequent crash left many investors reeling as billions of USD were liquidated within minutes.
Pantera Capital’s recent move to secure funds from major investors in order to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX has raised eyebrows in the cryptocurrency community. The company’s initiative to raise capital for the Pantera Solana Fund, which allows investors the opportunity to purchase up to $250 million worth of
There is a clear generational divide when it comes to the adoption and acceptance of cryptocurrencies, especially Bitcoin. According to financial analyst and strategist, Thomas Lee, Millennials and GenZ are more open to embracing cryptocurrency compared to Baby Boomers. This shift in attitude towards digital assets is evident in the increasing number of younger people
The lead Glassnode analyst, James Check, has made a bold prediction that Bitcoin (BTC) will surpass $250,000 in the current cycle. According to him, years of HODLer conviction will play a significant role in slingshotting the price of Bitcoin to unprecedented levels. In an interview with What Bitcoin Did, Check explained why he believes the
The Spanish data protection regulator, AEPD, has taken a decisive step by instructing Worldcoin to cease the collection of personal data in the country through scans. This action came after a series of complaints were lodged against Worldcoin since last summer. Concerns included the lack of transparency in data processing information, the collection of data
Recently, Binance.US has been grappling with significant hurdles, such as mandated staff layoffs and a notable decrease in revenue, all triggered by legal proceedings initiated by the U.S. Securities and Exchange Commission (SEC). Chief Operating Officer Christopher Blodgett unveiled in court documents that the company had to let go of more than 200 employees, which
Recently, Peter Schiff, the founder of Euro Pacific Asset Management and a known cryptocurrency skeptic, cautioned investors about the surge in Bitcoin prices, labeling it as the “ultimate asset bubble.” His remarks came as Bitcoin price soared past $61,500, reaching new heights. However, his skepticism seemed misplaced as the cryptocurrency continued to trade above $65K
Despite recent gains, Ripple’s XRP still lags behind Bitcoin and other altcoins in terms of performance. However, analysts remain optimistic about its future. Dark Defender highlighted XRP’s movement around the $0.64 Fibonacci level, with indicators like MACD and Ichimoku pointing towards further growth. Predictions suggest XRP could surpass $1 by April, with potential for an
Analyst Eric Balchunas from Bloomberg has expressed skepticism about the potential impact of an Ethereum spot ETF launch. While Bitcoin spot ETFs have seen massive success, Balchunas believes that an Ethereum spot ETF would pale in comparison. He described the launch as “small potatoes” compared to the Bitcoin ETFs, citing both anecdotal and public data