Month: February 2024

Bitcoin Price (BTC) Rises Above $60K

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Bitcoin Technical Analysis: A Series of Successive Gains Signals Strong Market Confidence

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As bitcoin weaves its way through the market’s intricacies, its pricing path exhibits an unyieldingly positive trend, marked by a train of successive increases. Reaching $59,992, the leading digital currency experienced a significant intraday journey, fluctuating between $56,383 and $59,992, highlighting a period of volatility but with an extremely bullish undertone. Bitcoin The market cap […] Original

PEPE, Not BTC, Is The Top Trending Token

Bitcoin’s near-vertical rise continues, with the cryptocurrency scaling the $59,000 mark early Wednesday. Ether (ETH) topped $3,300, and the CoinDesk 20 Index, a measure of the broader market, jumped 3.5% to $2,177. The bears, if any, have been put on notice as bitcoin (BTC) is now just 16% short of challenging the record high of $69,000. The distance could be covered easily before April’s mining reward halving, assuming Wall Street continues pouring money into the spot exchange-traded funds, maintaining the demand-supply imbalance. That said, the market increasingly looks overheated, not…

Bitcoin Crosses $59,000 In Surprise Pre-Halving Rally

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The Bitcoin price has now successfully crossed the $59,000 level after an incredibly bullish month of February. The market leader has also barreled ahead of all expectations during this time as well, continuing to rally at a time when prices are expected to crash ahead of the next halving. Institutional Investors Drive Bitcoin Price Higher One of the major drivers behind the Bitcoin performance over the last day has been institutional investors. These investors have continued to take advantage of the opportunities provided by the Bitcoin Spot ETFs approved by…

Crypto Stocks COIN, MSTR, MARA Rally as BTC Touches Highest Since November 2021

Coinbase (COIN), the only U.S. traded crypto exchange, added 3.9% after touching a 52-week high of $209.94 on Tuesday. MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 7.5%. The software developer said Monday it bought another 3,000 BTC, taking its total stash to 193,000. BlackRock’s bitcoin exchange-traded fund (IBIT), added around 3.9%, the most among the spot bitcoin ETFs approved last month. Source

Magic Eden introduces creator focused Ethereum platform amidst soaring Bitcoin NFT transactions

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Magic Eden, in collaboration with Yuga Labs, has launched a new Ethereum marketplace today, marking a significant milestone as the industry’s first major Ethereum platform that adheres to creator royalties.  This partnership between Magic Eden, a leading cross-chain NFT platform, and Yuga Labs, a forefront web3 lifestyle and media company known for Bored Ape Yacht Club (BAYC) and others, aims to promote a thriving web3 ecosystem by valuing the contributions of creators. The initiative also sees the introduction of The Magic Eden Creator’s Alliance, a movement designed to support a…

Green Bitcoin raises $1m in presale, allows holders to earn by predicting BTC prices

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin and the broader market rise, a new BTC-inspired token, Green Bitcoin (GBTC), is rising in prominence in the ongoing presale. It is an eco-friendly Bitcoin alternative, piquing the interest of eco-conscious investors and ESG-aware institutions alike. But the project also appeals to the broader crypto market, offering a prediction game where users can earn GBTC rewards. The presale has been in high demand, recently surpassing the $1…

Stacks Creator Ali Calls Bitcoin ‘Apex Predator’ as Development Flourishes on OG Blockchain

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Same with NFTs when I look at it. Yes, there are many other factors, but just the fact that with Ordinals, the image is literally on the chain. And it’s not on any chain, it’s on Bitcoin, right? We know that Bitcoin is going to be around. I think that one property just stands out. Like people just feel that, you know, this is real, this thing is never gonna disappear, and my digital art is now stored forever. And that’s it. Like I think that’s the base level property.…