Shiba Inu (SHIB) has been gaining a lot of traction lately, with the meme token seeing an increase in the number of addresses created. This uptrend in the crypto token’s expansion is significant as it could spark a surge in SHIB’s price and possibly a new all-time high (ATH). Shiba Inu Sees 2,000% Increase In Daily Addresses Data from the Market Intelligence platform IntoTheBlock shows that SHIB has been attracting over 8,400 new daily addresses in March. This represents almost a 20 times increase from its February daily average. The…
Day: March 8, 2024
Women Are Usually Savers Instead of Investors (Can Bitcoin Change That?)
Moreover, bitcoin has demonstrated its worth as a lucrative store of value, showcasing substantial growth potential over the years. By investing long-term in bitcoin, women have an opportunity to amass wealth and safeguard their financial stability. This becomes particularly critical for women potentially taking career breaks to attend to familial duties, as bitcoin serves as a reliable investment, steadily appreciating over time and providing a buffer for financial security. Original
Crypto Investment Scam Losses in U.S. Grew 53% to $3.94B in 2023: FBI
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau’s Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime. Source
Shiba Inu, Bitcoin Cash (BCH), Ethereum Classic (ETC) Lead CoinDesk 20 Gainers
The CoinDesk 20 tracks the world’s largest and most-liquid cryptocurrencies in an investible index available on multiple platforms. The broader CoinDesk Market Index comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization. Source
Bitcoin Upside Momentum Likely To Fall Even Further: Analyst
Amidst widespread bullish sentiment surrounding Bitcoin, one analyst on X thinks the leg up won’t be as strong as it was in the past few weeks. Pointing to developments in the Bitcoin log curves, the analyst expects the coin to find resistance as it attempts to break higher. Bitcoin Uptrend To Slow Down The analyst doubts the current excitement around the uptrend, and technical formations advise the contrarian view. Many in the industry think Bitcoin will not only ease past $70,000, a round number nearly tested this week, but also float to…
BAVARSIS EXCHANGE Conquers New Heights
In the dynamic landscape of investment, Bavarsis emerges as a beacon of innovation and opportunity, offering a realm of innovation and potential that transcends mere user-friendliness. Leveraging the capabilities of Artificial Intelligence (AI) and trading bots, Bavarsis facilitates rapid arbitrage trading, presenting a versatile framework, diverse cryptocurrency options, transparency, and a steadfast dedication to enduring viability. Delving into the core of Bavarsis unveils the myriad reasons why it stands as a premier option for contemporary investors. Bavarsis, a leading player in the cryptocurrency market, proudly announces remarkable achievements in its…
Why recent rallies in bitcoin, gold may be related
The bitcoin rally was catalyzed by microeconomic factors at the end of 2023, but may have recently fused into the more macroeconomic-fueled gold rally, according to Wolfe Research. The yellow metal is up 5.7% in March, which accounts for most of its 6% gain over the past month. On Friday, it hit record highs for a fourth consecutive session. Bitcoin has also been trading at record highs this week, after hitting new all-time highs on both Tuesday and Friday. It’s up 8% in March. Bitcoin’s positive price performance initially was…
Bitcoin (BTC) Price Hits Large Sell Wall on Binance, OKX
In the morning hours of U.S. trading, bitcoin took out the Tuesday record of about $69,200 and rose to $70,136, CoinDesk Bitcoin Index (XBX) data shows. But within seconds, selling took hold and less than one hour later, the price had tumbled more than 3% to as low as $66,500. Source
Analyst Cites Key Narrative As Catalyst
Bitcoin price has fallen by over 10% after briefly touching its all-time high of $69,000, propelled by investors’ flood of money into BTC Spot Exchange-Traded Funds (ETFs). However, intense volatility surrounding the crypto asset’s price has triggered a rebound to the $68,000 mark, which highlights the return of positive enthusiasm, prompting predictions of a significant rally to an unprecedented height. Key Narrative That Could Send Bitcoin To $240,000 Cryptocurrency analyst and trader Matthew Hyland has shared an optimistic forecast for Bitcoin with the community on the social media platform X.…
Bitcoin hits new all-time high, surpasses $70k
Bitcoin broke through the $70,000 barrier today, setting a new all-time high in price and reaching the milestone as the halving approaches. Binance displayed Bitcoin’s (BTC) price reaching $70,330 earlier this morning. At the time of writing, it had retraced to the $68,000 level. Source: Binance Futures According to CoinGlass data, traders liquidated long positions worth $60.4 million against the backdrop of a sharp increase in BTC. Presumably, traders began to record profits against the backdrop of the growth of the first cryptocurrency to the all-time high (ATH) level. Over…