Day: February 29, 2024

Analyst Predicts 2x Surge Post-Bitcoin Rally

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Amid the recent bullish sentiment around the crypto market, investors and traders anticipate that altcoins will attract notable gains post-Bitcoin rally. Altcoins Poised For A 2X Surge After Bitcoin Rally Michael Van De Poppe, a well-known cryptocurrency analyst, has shared his insights regarding altcoins with the community on the social media platform X (formerly Twitter). His predictions examine the potential for altcoins to rise in the near future. Poppe started by highlighting that the market capitalization of Altcoin is presently “lagging behind” in this recent market rally. However, he noted…

Build A Space City With ERC-404 NFTs – Blockchain News, Opinion, TV and Jobs

Singapore, Singapore, February 29th, 2024, Chainwire BinaryX announced today the highly anticipated launch of their first Initial Game Offering (IGO) of the year, Project Matthew. Project Matthew is a space-building simulation game where players get to experience what it is like to work in space, officially known as the planet Matthew in the game. In the game, players work not as astronauts, but as builders and engineers that make space livable for a new civilization. Own ERC-404 NFT tokens and exchange for in-game land Players have the opportunity to own…

Stellar and Bitcoin bullish, KangaMoon gains 50%

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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. Bitcoin (BTC) is surging and closing in on its all-time high, lifting other altcoins in the process. In contrast to recent developments in its network, Stellar has faced notable declines in the past week and is steady above $0.120. Meanwhile, KangaMoon (KANG), an emerging meme coin, is up 50% in stage 2 two of its presale. Stellar reach $0.15 by end of March? XLM has been trading within a…

Spot Bitcoin ETF trading volume approaches $6b

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On Feb. 28, 2024, trading volume for nine spot Bitcoin (BTC) ETFs approached $6 billion. The figure is more than double the previous high set on Feb. 26, when the trading volume was $2.4 billion, Bloomberg Intelligence analyst Eric Balchunas said. RIDIC: the New Nine doubled their volume record (set Monday) with just about $6b traded.. $IBIT led w $3.3b of it, Fidelity did $1.4b (both double their prev records). The total number of trades was double too, over half a million individual trades bt them. $IBIT alone > $QQQ.…

Institutions choose ETH over BTC and SOL, GFOX also being considered

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Similar to Bitcoin’s dominant position, Solana has likewise been a major player in crypto. Its surging price and rising profile since March 2020 has been instrumental in the popularity and acceptance of DeFi. Meanwhile, Bitcoin’s utility and acceptance have also increased outside crypto circles, with institutions creating partnerships with the cryptocurrency market. These institutions hope to tap into the financial potentials of the crypto market in other spheres, and…

Where Are We In This Bitcoin Cycle? Galaxy Lead Expert Answers

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In a comprehensive analysis shared via X (formerly Twitter), Alex Thorn, the Head of Firmwide Research at Galaxy, delved into the intricacies of the current Bitcoin market cycle, answering the question “Where Are We In This Bitcoin Cycle?” As Bitcoin trades robustly around $62,000, with a notable spike to $64.000 yesterday, the crypto landscape is witnessing unprecedented dynamics, marked by a surge in ETF inflows, strategic acquisitions by corporate entities, and a palpable shift in investor sentiment towards digital assets. Thorn emphasized how different this cycle is: Effectively, the bull…