Day: December 13, 2024

Chainlink Rally Fueled By Open Interest Levels

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Glassnode Report Reveals $131 Trillion Bitcoin Transfer Volume and Institutional Expansion

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Bitcoin has reached a historic $100,000 milestone, Glassnode reports, marking a pivotal moment in its evolution with over $131 trillion in transaction volume, a $2 trillion market cap, and increasing institutional adoption. Bitcoin’s $131 Trillion Journey According to Glassnode’s latest onchain report, bitcoin (BTC) has crossed a monumental threshold, reaching $100,000 per coin on Dec. […] Original

What to Buy Instead of Bitcoin? Top Cheap Altcoins to Buy

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Bitcoin is back above $100,000 after a slight correction early this week. A 2024 Pew Research Center poll shows that 17% of U.S. adults say they have ever invested in, traded, or used a cryptocurrency. This statistic has been unchanged since 2021.  Bitcoin’s rally past $100,000 has resulted in fear of missing out among many investors. The Fear and Greed Index that gauges market sentiment reads “extreme greed.” However, sidelined traders looking to enter trades could consider cheap altcoins as alternatives to the largest cryptocurrency in this market cycle.  Trump’s…

Texas Strategic Bitcoin Reserve is Great News for $STARS Presale

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Este artículo también está disponible en español. Texas is moving forward with plans to introduce a strategic Bitcoin reserve. State Rep. Giovanni Capriglione announced yesterday that he has submitted a bill that will enable the state to accept donations, fees, and taxes in the form of bitcoin, with the condition that it be held for a minimum of five years. “Probably the biggest enemy of our investments is inflation,” said Capriglione. “A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state.” Texas is the second US…

Cellframe Network, the Crucial Defense Against the Quantum Threat, Launches Two-Way Bridge

PRESS RELEASE. Advancements in quantum computing are poised to undermine the foundations of traditional encryption, as highlighted by recent research. A pressing question arises: how can data security be maintained in the face of this quantum revolution? Encryption methods once considered unbreakable, such as AES-256, are now at significant risk. Quantum computers, with their capacity […] Source CryptoX Portal

Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline

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Este artículo también está disponible en español. Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795. As the original meme cryptocurrency struggles to reclaim key technical levels, the consensus among some analysts is that DOGE’s ability to stabilize or recover may hinge almost entirely on an external factor: Bitcoin’s trajectory. Dogecoin Price At Risk Of Another Slump Technical analysis suggests that the previously well-respected uptrend line, established in mid-November, has now turned into a formidable barrier. After breaching this support…

ETFs Maintain Strong Rally With $598 Million Inflow for Bitcoin and $274 Million Inflow for Ethereum

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U.S. spot bitcoin and ethereum ETFs enjoyed another positive inflow day bringing in $597.57 million and $273.67 million respectively. Bitcoin and Ethereum ETFs Continue Momentum with Solid Inflows Bitcoin and ethereum exchange-traded funds (ETFs) maintained their inflow streak with another day of solid inflows into both ETFs. According to metrics from sosovalue, inflows totaling $597.57 […] Original

Expert Eyes $35 XRP Price, Says Holders To Become ‘Filthy Rich’

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Este artículo también está disponible en español. XRP, the cryptocurrency associated with Ripple, is currently the subject of much enthusiasm among analysts, who anticipate that it will generate substantial wealth for numerous investors in the years ahead. Related Reading Recent predictions say that the price of XRP could go up a lot, to anywhere from $30 to $200 by 2025, depending on many market factors. Both experienced investors and newbies who want to get in on the cryptocurrency boom are interested in the huge returns that are possible. #XRP HOLDERS…

Merlin: Leading Consumer-Focused Innovation and Meme-Driven Culture in the Bitcoin Ecosystem

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PRESS RELEASE. Merlin has emerged as a pioneer in the Bitcoin ecosystem, driven by a consumer-focused approach and the dynamic meme-driven culture. By aligning cutting-edge technology with the viral appeal of meme narratives, Merlin is unlocking new applications and value propositions for Bitcoin. Among the various Bitcoin Layer 2 projects, Merlin stands out with its […] Original

Crypto Miners Are Adopting MicroStrategy’s Bitcoin (BTC) Buying Strategy: JPMorgan

MicroStrategy (MSTR), the software company founded by Michael Saylor, is not the only large-scale corporate buyer of bitcoin (BTC), JPMorgan (JPM) said in a Wednesday report. Crypto miners are also adopting the accumulation strategy. The shift to building up bitcoin holdings is driven by growing pressure on profitability, which stems from the reward halving in April and a rising network hashrate, the report said. Hashrate is the total computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and…