Day: February 22, 2024

Multiple crypto tokens see north of 20% gains amid liquidity rotation

A broad range of cryptocurrencies continued price rallies even as Bitcoin and Ethereum traded flat on Feb. 22. Per CoinMarketCap, at least five crypto tokens gained over 20% in 24 hours, with the total digital asset market capitalization hovering below $2.1 trillion. CoinGecko also noted a 2% increase in crypto’s total valuation despite slight losses for its two leading tokens, suggesting that investors are rotating capital across altcoins to catch gains. Top crypto gainers on Feb. 22 Blockchain AI marketplace token SingularityNET (AGIX) led all gainers behind a 39% jump…

BNB Token Hits 16-Month High as Binance Users Move $400M Tokens for Portal’s Airdrop Farming

“A lot of sentiment was around U.S. sanctions impacting Binance beyond just the U.S.,” David Alexander, research partner at Anagram, said in an interview via X direct messages. “In many ways, BNB’s performance is tied to the exchange, so if user activity and volume on the exchange suffered, this could spill over into the broader ecosystem of the BNB network.” Source

Marathon Digital (MARA) to Start ‘Slipstream’ to Make Complex Bitcoin Transactions Faster

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“By default, Bitcoin nodes frequently exclude large and non-standard transactions from Bitcoin’s mempool, even if these transactions adhere to the Bitcoin network’s consensus rules,” said Marathon. “As a result, complex Bitcoin transactions are often delayed or unprocessed. To encourage experimentation and development on Bitcoin and to enable and expedite the processing of large or complex transactions that comply with Bitcoin’s protocol, Marathon has launched Slipstream.” Original

Elliot Wave Theory Predicts Bitcoin Bottom And Top, Here Are The Targets

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Bitcoin looks to be stuck in a consolidation zone between $50,000 and $52,000, with neither the bulls nor the bears succeeding in completely taking control of the trend. This performance has sparked a number of speculations on whether the BTC price has finally found a local top. One of those who have speculated on the price direction is crypto analyst Alan Santana, who has used the Elliot Wave Theory to predict where the price of the cryptocurrency might be headed next. Elliot Wave Points To Correction To $31,800 In the…

The European Central Bank Is Either Lying About Bitcoin or Lying to Itself

Later, the authors directly contradict themselves when discussing the precise reason why bitcoin is falling out of favor for criminal use: because it is run on an immutable, fully public and transparent ledger. “Therefore, Bitcoin has been a cursed tool for anonymity, facilitating illicit activities and leading to legal action against offenders by the tracing of transactions,” they write. Source