Month: March 2024

Analyst Identifies Level Set To Determine Next Move

Bitcoin has been on an upward trajectory for a while now, witnessing a significant rally within the broader crypto market and reaching the $64,000 threshold on Sunday, as analysts have identified trends that could decide the asset’s next direction. Bitcoin Poised To Witneesed A Rally Or Dip In Short Term Cryptocurrency analyst and trader Ali Martinez has taken to the social media platform X (formerly Twitter) to share his insights on Bitcoin’s price action in the short term with the crypto community. Martinez has spotted an area that could either…

A new Bitcoin all-time high before the halving: is it possible?

boss

Bitcoin price is trading above $60,000, putting it within striking distance of setting a new all-time high. This would be an unprecedented move for the top Cryptocurrency by market cap, which historically has only made a new price record only after each halving event. Could BTC set a new record in more ways than one: by reaching a new all-time high before the halving for the first time ever? Let’s take a look at the data. Why the Bitcoin halving is important The Bitcoin halving is one of the most…

China cautions investors against Bitcoin (BTC) despite long-standing ban

boss

China’s state-run newspaper has issued a crucial advisory to investors, urging vigilance amidst Bitcoin’s (BTC) recent surge to a two-year peak of over $65,000. The caution comes in the backdrop of persistent regulatory concerns and a dynamic global crypto landscape. China’s clampdown on cryptocurrencies has been long-standing. In September 2021, the government labelled various crypto-related activities as illegal. While this move aimed to curb specific actions, ownership of digital assets like Bitcoin (BTC) or Ethereum (ETH) was not outright prohibited. However, lingering concerns over capital flight and financial instability persist,…

Bitcoin breaks $65k, reaching highest level since November 2021

boss

On March 4, 2024, Bitcoin (BTC) climbed above $65,300, less than $4,000 away from its all-time-high. When writing, BTC fell below this value, currently trading at $65,1050 and having only 6% left until reaching the all-time high (ATH), according to CoinMarketCap. Trading volumes continue to hit new levels, with an 80% increase to $40 billion. The fear and greed index reached 82 points, according to Coinstats. Over the past 24 hours, the indicator has decreased by one unit. “Extreme greed” is indicated on a scale with a value from 76…

FLOKI Grows Over 300% As Memecoin Breaches $400 Million TVL

boss

Floki Inu (FLOKI), a canine-themed cryptocurrency, has witnessed a remarkable surge in its price, capturing the attention of investors, traders, and enthusiasts alike. The coin’s value has experienced a sharp increase, with the past 24 hours alone seeing a surge of over 50%. FLOKI Tallies An Impressive 336% Weekly Gain However, it is the weekly timeframe that has truly astounded market observers, as FLOKI recorded an impressive rally of 336%. This surge in price comes on the heels of a community-backed proposal to burn 2% of the token’s supply. The…

ICO warns charities about direct marketing rules as it orders Penny Appeal to stop sending spam texts

The Information Commissioner’s Office (ICO) has ordered a charity to stop sending unsolicited marketing texts to people without their consent, as it reminds all charities of their legal obligations. Penny Appeal, based in Wakefield, sent more than 460,000 unsolicited texts over a ten-day period to 52,000 people who had never provided their consent, or who had clearly opted out. The texts were sent between April and May 2022 to coincide with Ramadan, encouraging people on a daily basis to donate to the charity’s appeals. This resulted in 354 complaints to…

Binance Nigeria Standoff: Crypto Exchange’s Top Executives Summoned by House of Representatives Committee

boss

Top executives from Binance have been summoned to appear before the Nigerian House of Representatives Financial Crimes Committee no later than March 4. Ginger Onwusibe, the committee’s chairperson, has warned of possible repercussions should Binance executives fail to comply with the request. Latest Escalation in the Standoff Between Binance and Nigerian Authorities The Nigerian House […] Source

Bitcoin (BTC) Rally Leaves More Than 97% of Addresses in Profit, Blockchain Data Show

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

US EIA to scrap Bitcoin mining survey data, seeks public input for new proposal

boss

The US Energy Information Administration (EIA) has made a decision to discard all data collected from its emergency Bitcoin mining survey, according to recent court filings. This action agreed upon with the Texas Blockchain Council, also applies to any subsequent data received. The documents detail the EIA’s commitment to “sequester and keep confidential” such information until its destruction, effectively concluding the temporary restraining order in place until March 8, which had stopped the EIA from data collection amid ongoing legal proceedings. BREAKING: Our lawsuit against the @EIAgov has successfully HALTED…