Day: December 21, 2024

Toncoin and Solana eye new all-time highs as crypto whales rush to buy Lightchain AI

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Toncoin & Solana near resistance levels, but Lightchain AI steals the spotlight at $0.003. The crypto market is buzzing as Toncoin (TON) and Solana (SOL) approach critical resistance levels, raising hopes of new all-time highs. However, the focus is shifting to a rising star Lightchain AI (LCAI). With whales accumulating this presale token priced at just $0.003, many are wondering if LCAI could overshadow the gains of TON and…

Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

This weekend, data confirms that more than 4.5 million ether (ETH) have been burned on the Ethereum network since Aug. 5, 2021, marking the implementation of Ethereum Improvement Proposal (EIP)-1559. The Great Ethereum Burn Approximately three years and four months have passed since the London hard fork was activated, and during that time, 4,523,479.74 ETH […] Source CryptoX Portal

Toncoin Price Heat Map Reveals $20 Target

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Bitcoin Demand On The Rise Again — What’s Happening?

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This week was one of two distinct halves for the price of Bitcoin, with the premier cryptocurrency rising to a new all-time high and dropping by about 13% a few days later. On Friday, December 20, the BTC price dropped to as low as $92,000. This abrupt Bitcoin price decline came following the US Federal Reserve’s rate cut, which also pushed other financial markets to the red. However, it is worth mentioning that the premier cryptocurrency is beginning to show signs of recovery, currently hovering around $97,000. Can Growing Demand…

Bitcoin as national asset may generate $81 trillion

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MicroStrategy founder Michael Saylor shared Friday a proposal for establishing a strategic Bitcoin reserve. The proposal suggests that such a Bitcoin (BTC) reserve could generate between $16 and $81 trillion in wealth for the U.S. Treasury, potentially offering a path to offset the national debt. The proposal projects digital capital markets growth from $2 trillion to $280 trillion, with U.S. investors capturing the majority stake. A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital…

SUI Price Soars 12% In Minutes, Triggering Huge Liquidations: Predictions For The Altcoin

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Este artículo también está disponible en español. The native token of the decentralized smart contract platform Sui (SUI) kicked off the week with an all-time high of $4.96, buoyed by an overall bullish trend in the cryptocurrency market. The momentum was short-lived, as SUI experienced a significant retracement on Friday, plummeting nearly 30% to $3.49. However, the token rebounded swiftly, stabilizing at approximately $4.55, representing a 12.8% increase from the week’s low and just 8.9% shy of its record price, SUI Surges Amid Market Volatility In stark contrast, major cryptocurrencies like…

These crypto hedge funds are riding Bitcoin’s historic rally

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The cryptocurrency market surge has delivered exceptional returns for hedge fund giants Brevan Howard and Galaxy Digital. The duo has risen as standout performers following Bitcoin’s rise to $108,000. According to data from Hedge Fund Research, cryptocurrency-focused hedge funds achieved gains of 46% in November, pushing their year-to-date returns to 76%. This performance outpaces the broader hedge fund industry, which recorded a more modest 10% gain in the first 11 months of 2024. Hedge funds capitalize on market momentum Brevan Howard Asset Management, with CEO Aron Landy at the helm,…

As Bitcoin soars, major brands find crypto more palatable

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The price of Bitcoin (BTC) rises and falls. It always has and likely always will—just as any stock or asset does. However, as of late, its jumps are far larger than its drops. In other words, crypto enthusiasts are enjoying their own version of the Roaring Twenties, an era of Western economic prosperity following the devastating Great War. Likewise, Bitcoin holders and crypto advocates are gleefully checking…