Last week saw a major price uptick that led to Bitcoin (BTC) retesting $64,000 as spot BTC ETFs recorded all-time high volumes. Meanwhile, Nigeria fined Binance $10 billion over allegations of currency manipulation and Elon Musk sued OpenAI CEO Sam Altman. Original
In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in the principles of algebra and natural laws. The model, representing a blend of science and finance, forecasts bitcoin’s journey to unprecedented […] Original
Bitcoin has had an eventful few weeks in terms of price action. The world’s largest crypto is currently at a 19% increase in the past seven days and a 43% increase in the past 30 days, its highest percentage gain in over a year. As a result, a huge number of BTC addresses have been pushed into the profitability zone. For the first time in over two years, 97% of all Bitcoin addresses are now in profit. Number Of Bitcoin Addresses In Profit Skyrockets As Prices Surge According to crypto…
As of Sunday, March 3, 2024, bitcoin’s value persists in the $60,000 per unit vicinity, signaling the fifth instance this year that its price has sustained above this level. Naturally, as bitcoin’s value escalates, its duration above such thresholds shortens when contrasted with past significant milestones such as $30,000, $40,000, and $50,000. Bitcoin’s Price Discovery […] Original
The Bitcoin (BTC) network registered the most non-fungible token (NFT) sales in the past week, as overall transactions totaled a staggering $423,004,860. The sales mark an increase of more than 32% compared to the preceding week and signifies the third consecutive week of robust growth in the NFT market. According to data compiled by Cryptoslam.io, Bitcoin emerged as the dominant force in NFT transactions, leading the charge with $160.37 million in sales, representing a remarkable surge of 80.45%. Ethereum (ETH) closely trailed behind, with $159.64 million in transactions, marking a…
The cryptocurrency market was highly prosperous last week, witnessing a remarkable 16% surge in the global crypto market cap to $2.32 trillion. During this positive trend, altcoins like Ethereum (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB) are among the top cryptocurrencies to watch heading into Monday. ETH, DOGE, and SHIB prices – March 3 | Source: Santiment ETH breaches $3,400 ETH is up 9.6% this week. As Bitcoin (BTC) garnered significant attention from market participants this week, Ethereum capitalized on the rally, achieving substantial surges beyond crucial psychological thresholds that…
Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as key drivers of cryptocurrency prices. Veteran trader Peter Brandt has revised his […] Source CryptoX Portal
Exchange data has revealed continued bullish sentiment from Ethereum traders. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a holding mentality among investors. This massive exodus of ETH from exchanges could indicate that traders are anticipating higher prices and moving their holdings into private wallets for long-term storage. The holding attitude has emerged amid a wider spike in the price of cryptocurrencies throughout the market and numerous demands for Ethereum to cross over $4,000 and beyond. Ethereum Sees Massive Exodus From Exchanges…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. WIF and Solana (SOL) are firm. Meanwhile, the spotlight is on Galaxy Fox, an upcoming meme coin. WIF adds 140%, lifts Solana WIF is up 140%, pushing monthly gains to over 230%. Following these solid gains, one analyst thinks WIF will rally to $1. Amid this, Solana has been riding the meme coin and Bitcoin waves. SOL is up 30% in the past month. At present, the total meme…
With bitcoin on a hot streak this past week, investors should brace themselves for a cooling in March. The flagship cryptocurrency exploded in the final week of February, which ended as the best month since 2020 . It started the week around $50,000 on Monday and leapt above $62,000 by the end of the week —just 10% below its November 2021 all-time high of $68,982.20. “The recent price action seems too quick and too big to sustain over the next month,” said Yuya Hasegawa, crypto market analyst at Japanese bitcoin…