Month: January 2024

Bitcoin and Solana spark rally; Monero and InQubeta gain more traction

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana has energized the crypto scene, claiming the second spot in trading volumes and creating millionaires with its remarkable rise. This surge has also boosted interest in Bitcoin (BTC).  Meanwhile, InQubeta (QUBE) has raised over $7.6 million in the ongoing presale. Solana trading volume The recent uptick in Solana and crypto prices has benefited Bitcoin and other altcoins. With daily investor influx, crypto prices will continue rising. Altcoins like…

Investor pointed to favorable time to buy BTC before growth

Investor and cryptanalyst Rekt Capital believes that the price of Bitcoin (BTC) could drop to $37,000 shortly. According to the expert, the fall of BTC by more than $5,000 from the current level can be considered a healthy recovery. He recalled that the first cryptocurrency has experienced similar price movements, and such patterns have historically contributed to the overall health of the cryptocurrency market. Additionally, as the BTC halving approaches, any deeper corrections during this period could provide investors with excellent bargaining opportunities. #BTC New Monthly Close is in The…

Chad Steingraber Theory Outlines How

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Chad Steingraber, a professional game designer and a prominent figure in the XRP community, recently updated his theory, originally posted in August 2022, about the potential future price of XRP. Dubbed “The Chad Steingraber Theory,” it presents an intricate roadmap predicting XRP’s journey towards a staggering $20,000 mark. Central to Steingraber’s argument is the principle of asset scarcity in relation to supply and demand. He explains how scarcity, much like in an auction where numerous bidders vie for a limited asset, can escalate the asset’s value. “Asset Scarcity, part of…

NFT sales on Bitcoin hit record in December 2023

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Sales of non-fungible tokens (NFTs) on the Bitcoin (BTC) network reached $881 million in December 2023. According to the Cryptoslam portal, in December 2023, NFT sales set the highest single-month sales record. Source: Cryptoslam In addition, a record 111,713 buyer addresses participated in NFT transactions on the Bitcoin chain in December. Simultaneously, the number of merchant addresses rose to 98,744, marking the highest number of merchants in a month. Meanwhile according to Cryptoslam, the total sales of NFT Ethereum (ETH) amounted to $364.79 million. Sales of BTC-focused NFTs outpaced ETH…

Cross-chain protocol Orbit Bridge suffers exploit, losses surpass $80m

Cross-chain protocol Orbit Bridge has suffered a hacker attack, resulting in a loss of more than $80 million in multiple cryptocurrencies. In a public X statement, the Orbit Chain team confirmed the incident, saying the root cause of the issue is being carried out with Theori, a web3 auditing firm. The team noted it is “actively engaging with international law enforcement agencies,” without going into detail. 🚨Urgent🚨 Dear Orbit Bridge Users, An unidentified access to Orbit Bridge, a decentralized Cross-chain protocol, was confirmed on Dec-31-2023 08:52:47 PM +UTC. Further information…

spot Bitcoin ETF launch will not impact BTC price

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VanEck advisor Gabor Gurbacs does not expect the launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) to impact Bitcoin price much. In a post to X, financial guru Gabor Gurbacs noted that while the launch of a spot Bitcoin ETF will not greatly impact the price of BTC, it will significantly impact capital flows into the cryptocurrency sector. Bitcoin ETFs are widely expected to bring in trillions of dollars over the long term, but Gurbacs believes they will not move the needle that much in the short-term. In my view,…

Ethereum Price Could Start 2024 With A Strong Increase If It Holds This Support

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Ethereum price is correcting gains below the $2,350 zone. ETH could attempt a fresh increase unless there is a close below the $2,200 support. Ethereum is correcting gains and trading below the $2,350 level. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a close above the $2,350 level. Ethereum Price Eyes Fresh Increase Ethereum…

Bitcoin Price Starts 2024 In A Range, Can The Bulls Take Over?

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Bitcoin price is holding gains above the $41,500 zone. BTC is rising and might gain bullish momentum above the $43,200 resistance zone. Bitcoin is attempting a fresh increase above the $42,500 resistance zone. The price is trading above $42,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $42,280 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if there is a close above the $43,200 resistance zone. Bitcoin Price Remains Supported…