Day: March 21, 2024

Bitcoin is up 6%, Green Bitcoin nears new milestone

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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 surges 6% to $66.7K amid an improving macro outlook. Green Bitcoin’s presale hits the $7M mark, showcasing potential. Bitcoin’s price has jumped 6% today, currently trading at $66.7K. The move follows a deep retracement the past week, but several significant catalysts have enabled its recovery and could bolster its upcoming trajectory. Meanwhile, the new Bitcoin-alternative Green Bitcoin is also thriving, as its presale has raised more than $7…

The Bitcoin Bull Market Is Far From Over, Quant Says

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Amidst the recent Bitcoin pullback from its previous all-time high above $73,000, Ki Young Ju, the founder and Chief Executive Officer (CEO) of Crypto Quant, reassures the broader crypto community that the BTC bull market is far from over.  Bitcoin Bulls Are Not Done In a recent X (formerly Twitter) post, Ju expressed strong bullish sentiment regarding Bitcoin, highlighting factors that suggest that Bitcoin’s upward trajectory is likely to continue. The Crypto Quant CEO shared a crucial indicator depicted in a price chart, showcasing the percentage of Realized Cap across four…

Coinbase CEO Invests in Trading Infrastructure Amid Bitcoin Surge

Coinbase (NASDAQ:COIN) Global Inc. is set to bolster its trading infrastructure in response to challenges faced by users during a significant upswing in Bitcoin prices towards the end of February, according to CEO Brian Armstrong. The platform encountered issues due to an unforeseen surge in trading volumes that surpassed the company’s predictive models, even accounting for preparations for volumes up to ten times the norm following the approval of spot Bitcoin exchange-traded funds (ETFs). This surge in trading activity was primarily fueled by Bitcoin’s attainment of new all-time highs, soaring…

Navigating the Bitcoin Halving: Glassnode Report Discusses a New Trading Landscape 

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As Bitcoin’s network halving event draws near, Glassnode’s latest report sheds light on the evolving trading strategies in the face of significant demand from ETFs, signaling a pivotal shift in the cryptocurrency market. Glassnode Report Unveils Shift in Bitcoin Trading Strategies Ahead of Halving In the countdown to Bitcoin’s much-anticipated halving, the crypto community is […] Original

AI Crypto Sector Stands Tall Amid Market Decline, Economy Bolsters by $7.54B in Just 30 Days

Amid a widespread downturn in the cryptocurrency markets this week, tokens based on artificial intelligence (AI) have nevertheless attracted billions of dollars in additional investment. In the last month, the AI-focused cryptocurrency sector has expanded by $7.54 billion, with the majority of the leading AI tokens—four out of the top five—experiencing notable gains since Feb. […] Source CryptoX Portal

Crypto Analyst Touts Base As Next Memecoin Hotspot: Top 8 Picks

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In an analysis shared with his nearly 100,000 followers on X (formerly Twitter), the crypto analyst known by the pseudonym Xremlin (@0x_gremlin) has pinpointed Base as the burgeoning hub for memecoin enthusiasts and investors. This proclamation follows a season of unprecedented gains in the Solana memecoin market, with tokens like BOME, WIF, and SLERF achieving returns ranging from 300x to 1000x. Xremlin’s insight into the crypto market dynamics suggests a potential replication of these astronomical returns on Base, underlined by a tweet stating, “Meme traders on Solana printed millions this…

Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto

“Rollups have enriched the greater Ethereum ecosystem with horizontal scalability and a diversity of execution environments, but at the expense of fragmentation—apps across rollups do not have the same shared liquidity and interoperability as apps on the Ethereum L1,” Ben Fisch, CEO of Espresso Systems, said in an interview with CoinDesk over email. “Shared sequencing enables rollup users to regain the experience of being on one Ethereum chain.” Source

Pioneering the Protocol Economy for Digital Ownership and Decentralized Growth

Most investors are familiar with the business model of the entrenched platform economy, in which a set of powerful tech companies rely on the network effects that they generate to obtain proprietary data, goods or content from users. These tech giants dictate terms favorable to their own businesses yet often limiting for users’ interests. One of the most exciting and perhaps underappreciated aspects of blockchain technology is that it has enabled a new business model – what we call the protocol economy. A blockchain, in its simplest form, is a…

Bitcoin ETFs see record $742m in outflows over 3 days

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Spot Bitcoin ETFs experienced their largest three-day withdrawal since their launch in January. The trend marked a significant shift from the high demand propelling Bitcoin to its all-time high. Between Monday and Wednesday, these ETFs saw a withdrawal of $742 million, indicating substantial outflows from the Grayscale Bitcoin Trust alongside a decrease in new investments in competing funds by significant firms such as BlackRock and Fidelity Investments. Despite this, according to Bloomberg data, the ETFs have attracted $11.4 billion in net investments since inception, making them among the most successful…