BTCUSD is Poised to Continue Rising with a Bullish Structure BTCUSD is poised for a bullish continuation, having recently formed a pennant structure. The cryptocurrency is currently exhibiting one of its most robust bullish trends. Since its ascent from the $16,500 demand level in January of the previous year, Bitcoin has experienced an impressive surge, […]
Brad Garlinghouse, the CEO of Ripple, has made a bold prediction that the cryptocurrency market will hit a massive $5 trillion market capitalization by the end of 2024. This forecast, if realized, would represent a doubling of the current market cap within just nine months, indicating a potentially transformative shift in the financial landscape. Since […]
Bitcoin hasn’t witnessed trading volumes of this magnitude since Q1 and Q2 of 2021. According to a report from crypto data analytics platform Kaiko, the first quarter of 2024 marked Bitcoin’s third strongest performance in the last three years, with trading volumes surpassing $1.4 trillion between January and March. A Spike in Bitcoin’s Trade VolumeIn […]
Starting April 18, Binance’s NFT marketplace will discontinue its support for trading and depositing Bitcoin Ordinals. Binance is gradually reducing its backing for Bitcoin nonfungible tokens (NFTs) shortly after their introduction to its marketplace. In an April 4 blog post, Binance revealed plans to “simplify product offerings” on the Binance NFT platform. As a result, […]
More drama continues to unfold in this week’s list of trending coins and the crypto market as a whole. Some coins have been able to retain their spot from last week. Meanwhile, some newly launched coins have also gathered considerable attention, even as we close in on the Bitcoin Halving event. Let’s further study each […]
Bitcoin, the premier cryptocurrency, experienced a volatile trading session today, showcasing a 3.9% gain before retracing its steps. This fluctuation aligned with a broader recovery seen in major stock indices, prompted by a robust U.S. jobs report signaling a strong domestic economy. However, uncertainties arose regarding anticipated interest rate adjustments. On Wall Street, stocks rebounded […]
ARC-20 introduces a novel paradigm aimed at simplifying the creation, transfer, and updating of digital objects, akin to the concept of Non-Fungible Tokens (NFTs). Notably, the introduction of Atomicals within the ARC-20 framework heralds a transformative shift in the discussion surrounding digital assets on the Bitcoin network. Let’s delve deeper into this groundbreaking development. […]
In a significant development, Bitcoin exchange reserves have dropped to their lowest levels since early 2021, according to recent data from CryptoQuant. Over the past month, a staggering 90,700 bitcoins have been withdrawn from major exchanges, signaling a potential shift in investor strategy towards long-term holding. This trend, which has been observed over several years, […]
BTCUSD Bearish Pressure Denies a Bullish Run The BTCUSD bearish pressure is currently denying the Bulls a free run. The Bitcoin market has expended much bullish strength over the past six weeks. This culminated in the market shattering its previous all-time high record. BTC price rose to $73,840, and the bulls eventually tired out. This […]
