Day: April 21, 2024

Ethereum Enters Accumulation Phase

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Investors are accumulating Ethereum in droves amidst what could become a return to bullish sentiment for the cryptocurrency. Ethereum is currently ranging around $3,170, with its price undergoing volatility in the past seven days. Amidst this price volatility, on-chain data has revealed an accumulation trend from Ether investors during the week. Additionally, transaction data has shown an uptick in whale movement of ETH to and from exchanges, with recent market happenings indicating a transformation in the price of the crypto asset. Ethereum Sees Major Accumulation As Investors Stock Up Ethereum…

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

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While the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the new token standard. The following is a look at several popular runes tokens, detailing their supplies and present market values. […] Original

Were Bitcoin Miners Behind The BTC Price Crash Below $60,000?

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The price of Bitcoin fell drastically towards the $60,000 mark in the days leading up to the just concluded halving. On-chain data has shed light on what could very well be the reason for this price dip in the middle of all the excitement around the halving. Particularly, data has revealed that some miners have been selling their holdings in the days leading up to the halving event, with the entire BTC holdings of miners hitting a 12-year low.  Miners’ Bitcoin Holdings Hit 12-Year Low On-chain analytics platform IntoTheBlock noted…

Massive BTC Market Turbulence, Analyst Predicts $650K BTC Price, and More — Week in Review

Last weekend witnessed a significant decline in Bitcoin prices that continued throughout the week, resulting in a $4,500 drop and erasing $167 million in BTC long positions within just an hour. Despite this turbulence, onchain analyst Willy Woo forecasts a potential rise in Bitcoin’s price to $650,000. Robert Kiyosaki, author of “Rich Dad Poor Dad,” […] Source CryptoX Portal

MiCA will transform the EU into a crypto adoption hub this year

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When the Markets in Crypto-Assets Regulation (MiCA) was signed into law in June 2023, a framework for twenty-seven countries was finally in place. Although this was a landmark piece of legislation for a region that represents nearly twenty percent of the global economy, MiCA is serving as the beginning of a twelve to eighteen-month process of transition, transformation, and customization; that’s because MiCA includes a “substantial number…

Bitcoin Tipped To Attain Six-Figure Value Following Fourth Halving

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With the Bitcoin halving event now completed, analysts and market experts turn their attention to a much-anticipated bull run based on historical trends in the BTC market. In particular, a crypto analyst with the X handle ecoinometrics has tipped the maiden cryptocurrency to at least achieve a six-figure in the current bull cycle. How High Can Bitcoin Rise Post Halving?  In an X post on Saturday, econometrics shared a strong bullish prediction of Bitcoin price following the fourth halving event on April 19. The crypto analyst stated that if  BTC…

Bitcoin to hit $650k; Terra Classic pool balance hits 5B as NuggetRush gains momentum 

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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. Crypto analyst Will Woo has predicted that the value of Bitcoin could surge as high as $650k under bullish conditions.  Terra Classic’s community pool balance has hit a new all-time high of 5 billion LUNC. NuggetRush’s gaming platform has become the talk of the town due to its play-to-earn concept.  A crypto analyst has given a bullish forecast that Bitcoin’s value could skyrocket to $650k in bullish scenarios. Meanwhile,…

Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, Tether

A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […] Source CryptoX Portal

Crypto Analyst Sounds Buy Alarm For Dogecoin

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The DOGE price has largely struggled to make a return to $0.2 since losing this price level early in April. And the meme coin has mostly been on a descent over the past few weeks, going as low as $1.4 at some point. However, the tides appear to be shifting for the Dogecoin investors, with the meme token putting in a positive price performance in the past week. The double-digit gain and optimistic price action over the last seven days haven’t gone unnoticed by experts, as many anticipate a continued…