Day: October 25, 2024

Dogecoin at $1, XRP at $5, Dogen at $10

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Popular cryptocurrencies could reach remarkable new highs by 2025, with DOGEN leading the charge as the strongest meme token in the market. As the digital currency market evolves, some familiar tokens might reach values that seem ambitious today. This article examines bold forecasts for certain coins that could be on the brink of significant growth. Explore which cryptocurrencies are attracting attention and what might fuel their rise in the…

Bitcoin Price Rebounds Above $67,000 As Whales Continue to Accumulate

boss

Bitcoin (BTC) is currently witnessing a price recovery after a brief dip earlier in the week. Despite these fluctuations, a CryptoQuant analyst under the pseudonym BaroVirtual has shared some encouraging long-term insights regarding whale activity. According to the analyst, whales—large holders of Bitcoin—now control approximately 670,000 BTC, the highest amount ever recorded. This accumulation phase by whales is being seen as a positive signal for Bitcoin’s long-term outlook. Whale Continues Accumulation BaroVirtual emphasized that when whale holdings reach such high levels, Bitcoin tends to remain in a sideways trading pattern…

Bitcoin (BTC) Price Has Less Than 10% Chance of Reaching $100K by Year-End, Options Market Data Shows

Options-implied probabilities are calculated by using the Block-Scholes model or other pricing models that take into account factors like current spot market price, strike price, time to expiration, volatility, and the risk-free rate. Options-based probabilities are positively correlated with implied volatility: The greater the volatility, the higher the odds of bitcoin hitting certain levels. Source

Ethereum ‘Verge’ Upgrade To Simplify Running Nodes On Phones And Wearables

boss

Este artículo también está disponible en español. In a post published on October 23, Ethereum (ETH) co-founder Vitalik Buterin shared details about ‘The Verge’ upgrade, which aims to make it easier to run validator nodes. New Ethereum Upgrade To Make Running Nodes Easier Buterin highlighted several issues currently facing the Ethereum network, particularly the high resource requirements needed to run Ethereum nodes. Related Reading According to research from Paradigm, an Ethereum client needs to store “hundreds of gigabytes of state data” to verify transaction blocks. Further, this data requirement increases…

Bitcoin nears $69K mark amid strong ETF inflows and short liquidations

boss

Bitcoin’s surge toward its two-month high of $69,000 was fueled by strong inflows into spot exchange-traded funds and a marked rise in short liquidations. At press time Bitcoin (BTC) was trading at approximately $67,739, rising by 0.6% in the past 24 hours, while the asset’s market capitalization hovers around $1.33 trillion, driven by a daily trading volume close to $30 billion. Short liquidations surge, fueling price rally Data from Coinglass indicates that short liquidations played a critical role in propelling Bitcoin’s latest upward movement. Over the past 24 hours, Bitcoin…

Microsoft asks shareholders to vote against an assessment of investing in Bitcoin in SEC filing

boss

Microsoft suggests shareholders vote against a proposal to conduct an assessment of Bitcoin as an investment asset, due to the company already considering Bitcoin as an investment option. In an Oct. 24 U.S Securities and Exchange Commission filing, the item “Assessment of Investing in Bitcoin” is listed as one of the proposals that Microsoft shareholders will be voting for or against in a Dec. 10 annual meeting. However, the Microsoft board suggests that they vote against it. The reasoning behind it is Microsoft claims that an assessment of Bitcoin(BTC) would…