Skybridge Capital founder Anthony Scaramucci has insisted that it is “still very very early” to buy bitcoin. He likened the cryptocurrency to Warren Buffett’s company, calling it the “Berkshire Hathaway of the 21st century.” He opined: “It was never ‘too late’ to buy Berkshire stock. It is still very very early for bitcoin.” ‘Bitcoin Is […] Original
A wallet reportedly linked to the Ethereum Foundation has liquidated $13.3 million in ETH, raising eyebrows and sparking conversations about a possible price decline. The Ethereum Foundation‘s decision to liquidate $13 million worth of Ethereum (ETH) has left investors contemplating the transaction’s potential impact on the price of the world’s second-largest cryptocurrency by market capitalization. Traditionally, the foundation’s actions are considered precursors to market shifts, triggering concerns about a potential decline. Despite this, Ethereum displays bullish signals as the charts look today. The Ethereum price chart presents an optimistic view…
Tether introduces a robust blockchain recovery plan to secure USDT tokens and ensure uninterrupted access across multiple blockchains. Tether (USDT) has announced the implementation of a comprehensive blockchain recovery plan. This plan is designed to ensure uninterrupted accessibility of USDT tokens across several blockchains, safeguarding user assets against potential disruptions. Tether’s Proactive Approach to Blockchain Disruptions Tether, the world’s largest stablecoin by market capitalization, is a linchpin in the global cryptocurrency market and holds a vital position in emerging markets and developing countries. Recognizing its essential role in daily transactions…
Bitcoin price is up over 8% and trading above the $67,500 resistance. BTC is eyeing a new all-time high and could even hit the $70,000 level. Bitcoin price is moving higher above the $66,500 support zone. The price is trading above $67,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher toward the $69,200 resistance or even $70,000. Bitcoin Price Rallies Again Bitcoin…
Bitwise’s chief investment officer says bitcoin price could surge above $200K this year due to a “massive supply-demand dynamic,” emphasizing that “there’s too much demand and not enough supply” for the cryptocurrency. Predicting “an even bigger wave” of demand for bitcoin due to spot bitcoin exchange-traded funds (ETFs), he described: “It’s in a new era […] Original
TRON (TRX) Founder Justin Sun made an announcement earlier today that created expectations about what’s coming to the ecosystem. Additionally, a second post by Sun made the price of a token surge by 24% in a matter of minutes. TRON-Based Inscriptions Market To Launch Soon Recently, the TRON network made it into the news after reaching 95 million total addresses. As reported by NewsBTC, TRON significantly surpassed other Layer-1 networks in address growth, including Avalanche and Cardano. This time, TRON is in the headlines after its founder, Justin Sun, shared…
Tether Holdings’ USDT stablecoin token has reached a significant milestone by briefly surpassing $100 billion in circulation and market capitalization, making it the first stablecoin to reach this size. Tether’s USDT aims to maintain a one-to-one value with the US dollar and has experienced a circulation increase of over 9% since the beginning of the year, driven by the growing demand for Bitcoin (BTC), which is currently trading at its highest value in over two years of $66,000. USDT Market Share Hits 70%, Exceeding $100 Billion In Circulation CoinGecko data…
Telegram has announced a shift in its revenue model, propelling the TON token to surge by over 30% in just one week as part of a bullish crypto market trend. Telegram founder Pavel Durov, in an announcement on his channel, disclosed a significant development. Channel owners will receive 50% of ad revenue exclusively in Toncoin (TON). The shift is expected to create a “virtuous circle,” offering creators the option to cash out or reinvest in channel promotion. TON has experienced a significant uptick, with its price soaring to $2.75, marking…
The meme coins market cap is currently hovering above $54 billion up by nearly 20% ion the past day. This surge is evident as roughly seven meme coins now rank among the top 100 crypto by market capitalization, marking a significant shift in investor interest towards these once ‘speculative assets.’ A recent market report from QCP Capital has shed light on this phenomenon, disclosing what drives this meme coins surge. What Is Driving The Meme Coins Surge According to QCP Capital, the price appreciation in meme coins can be attributed to a…
Nasdaq-listed company Microstrategy is planning to sell $600 million in convertible senior notes and use some of the proceeds to buy additional bitcoin. Microstrategy now holds 193K bitcoin. The company’s executive chairman, the pro-bitcoin Michael Saylor, says bitcoin has become the world’s “most popular investment asset.” Microstrategy to Buy More Bitcoin Microstrategy Inc. (Nasdaq: MSTR) […] Original