Day: March 5, 2024

Bitcoin, Solana Acolytes Crash Ethereum-Focused ETHDenver 2024 Conference

Bitcoin, which is in the midst of a developer renaissance with the advent of its own NFTs and decentralized finance (DeFi) services, had an impressive turnout of builders at the conference. So did Polkadot, the “hub-and-spoke” blockchain created by Gavin Wood, an Ethereum co-founder who used to market his new project as an improvement over the Ethereum model. Even Solana, the speed-focused network that’s long positioned itself as an “ETH Killer,” had a well-attended booth at Denver’s National Western Complex, the conference’s venue. Source CryptoX Portal

Institutions Can’t Get Enough Of Crypto As Trading Volumes Hit New $30 Billion Record

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Inflows into crypto investment products have ballooned in the past few weeks to reach a record trading volume last week. According to CoinShares, digital asset investment products received inflows of $1.84 billion last week, the second-highest on record. Particularly noteworthy is that the inflow into crypto funds caused trading volume to cross over a weekly volume of $30 billion for the first time. Institutions Rush To Crypto Weekly trading volume in investment products has now displaced its 2021 record to cross over $30 billion. The timing is not a coincidence,…

Bitcoin (BTC) Price Eyes Record This Week

Bitcoin (BTC) will reach an all-time high before the week ends, according to Markus Thielen, head of research at 10x. “Price action during the weekend is always important to follow and while attempts have been made to [liquidate] leveraged long positions, there are no sellers,” said Thielen in a note titled, “Everybody Will Be Astonished by Bitcoin’s Price Action This Week.” The cryptocurrency reached a record in euro terms on Monday and was trading at around $66,839 at press time on Tuesday, less than 3% shy of its all-time dollar…

Analyst Predicts $70,000 Target Soon

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Bitcoin continues to maintain its momentum toward the upward trajectory, touching the $68,000 price mark earlier today, leading to speculations about how long it will take to hit a new peak. Bitcoin To Reach $70,000 In A Matter Of Time With the price action of Bitcoin today, several crypto analysts are bullish about BTC as they believe that the crypto asset could reach a new peak very soon. The digital asset recently touched the $68,000 threshold for the first time in nearly 3 years, placing it just short of capping…

Dogwifhat (WIF) Surges After Crypto Exchange Binance Said It Will List the Meme Coin

WIF had been trading at $1.52 before the announcement, and the price quickly jumped by more than 25%. It was trading recently at $1.80, a 5.61% gain over the past 24 hours. FLOKI, in contrast, dropped by 5.1% and WEN, MAGA, BITCOIN and CUMMIES all fell by more than 10%. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, is up by 5.08% in the same period following bitcoin’s (BTC) surge to $68,500 on Monday. Source