Day: April 1, 2024

Bitcoin-Powered Core DAO (CORE) Skyrockets By 220%

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Core DAO (CORE), the cryptocurrency behind the Core blockchain, has seen its price skyrocket by 220% over the last week, marking a significant milestone in its market performance. As of the last 24 hours, CORE has seen an additional 63% increase, accumulating a staggering 350% gain in just nine days. This rally has elevated Core DAO to the 55th position among all cryptocurrencies by market cap. What Is Core DAO? Core DAO operates on the Core blockchain, a Layer 1, EVM-compatible platform that supports the Bitcoin network by offering a…

Bitcoin Technical Analysis: Upper Resistance Holds Strong Amidst Consolidation Phase

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As bitcoin flirts with the $69,556 mark, its oscillation between $68,900 and $71,391 within the last 24 hours suggests a battleground for bulls and bears alike. Amidst a trading volume of $27.37 billion, the cryptocurrency giant showcases a current market capitalization of $1.36 trillion. Bitcoin Bitcoin’s current trading landscape, through the lens of oscillators and […] Original

Upbit Crypto Trading Volume Slumps 75% as South Korea Altcoin Frenzy Eases

“Crypto trading volumes started skyrocketing in early March as a wave of altcoin activity hit the market,” Matrixport said in a Telegram broadcast. “The anticipation of the Dencun upgrade with low transaction fees caused this mania, and some political developments brought crypto to the forefront of the political election. However, with volumes declining, the sustainability of the altcoin rally comes into question.” Source

Tether adds 8,888 Bitcoins to its reserves, holding more than 75K Bitcoin

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Stablecoin issuer Tether made headlines on March 31, as it acquitted 8,888 Bitcoin, valued at $618 million. The recent acquisition significantly boosts Tether’s reserves prior to the upcoming Bitcoin halving event. With this, the total number of Bitcoins in the stablecoin issuer’s treasury has surpassed 75,000. The Bitcoins were purchased at an average price of  $30,305. Tether’s Bitcoin reserves are now valued at $5.3 billion. Its Bitcoin wallet is also up 128%, with unrealized profits amounting to over $2,94 billion. Tether has been actively strengthening its Bitcoin reserves since the…

Bitcoin and Ethereum surge as NFTFN eyes a 50x profit explosion

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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. NFT Token (NFTFN) is attracting interest from crypto enthusiasts and experts, with some speculating a 50x surge soon.  The past month has seen top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) make double-digit gains and significantly increase their respective market capitalizations.  Meanwhile, new altcoins like NFT Token, are attracting interest from crypto enthusiasts and experts, who speculate a surge of as much as 50x in the coming months.  Bullish…

Thai Crypto Exchange Bitkub Online’s Owner Plans 2025 Share Sale: Bloomberg

Demand for access to cryptocurrency trading accounts has climbed alongside the gains in bitcoin (BTC), which has advanced 57% this year while the CoinDesk 20 Index, a measure of the broader crypto market, added 49%. Last month, the number of active accounts in the country reached the highest level since September 2022, Bloomberg said, citing data from the country’s Securities and Exchange Commission (SEC). Source

Bitcoin Halving Countdown Contest – $1000 Grand Prize

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As the cryptocurrency community counts down to the 4th Bitcoin halving, expected to take place between April 18 to April 22, Bitcoin.com is launching an exciting new contest to bring attention to and educate about this critical moment in Bitcoin’s history. $1000 giveaway Bitcoin.com is thrilled to announce the Bitcoin Halving Countdown Contest. Anyone who […] Original

Shiba Inu (SHIB) Slumps As Whale Sell-Off Dampens Momentum

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The cryptocurrency market was jolted by a massive sell-off of Shiba Inu (SHIB) tokens. Speculation ran rampant as a single entity, purportedly controlling 11 wallets, offloaded a staggering 533.6 billion SHIB tokens, amounting to nearly $16 million in DAI, a stablecoin pegged to the US dollar. This unprecedented transaction, highlighted by blockchain analytics firm Spot On Chain, revealed a jaw-dropping profit of over $8 million, showcasing the extreme volatility inherent in the crypto space. Shiba Inu Massive Offloading Around 16 hours ago, 11 wallets (probably one person) jointly sold 533.6B…

Meme Coins on Degen Chain Flourish as the Layer-3 Blockchain Racks up Millions in Volume

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…

Dogecoin Poised For Massive 600% Rally In April: Crypto Analyst

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Dogecoin, a frontrunner in the meme coin genre of crypto, is showing bullish signals on its technical charts that could indicate an impending rally, according to noted crypto analyst Ali Martinez. Via X, he stated: I feel my fellow degens have been distracted with the new shiny memecoins, but Dogecoin remains the most important altcoin in this sector. From a technical perspective, DOGE seems to mirror the 2018-2021 pattern. If so, DOGE could be at the very beginning of a massive parabolic bull run! Dogecoin price projection | Source: X…