Day: December 24, 2024

Top 3 altcoins set to deliver big returns before ETH’s move

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum’s next move captures attention, these three altcoins are poised to steal the spotlight with big returns. While much of the spotlight remains on Ethereum’s upcoming moves, other digital assets are gearing up for significant breakthroughs. However, these three alternative cryptocurrencies are emerging with strong potential to deliver substantial returns sooner. Catzilla: The meme coin revolution begins Catzilla isn’t just a token — it’s a movement. Designed to…

Bitcoin Faces Short-Term Uncertainty as Exchange Inflows Surge and Tether Liquidity Drops

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Bitcoin has recently experienced mixed market movements, with analysts closely monitoring on-chain data to understand the short-term trajectory of the leading cryptocurrency. On-chain metrics indicate a notable shift in exchange activity, with Tether (USDT) seeing significant outflows while Bitcoin (BTC) inflows into exchanges remain elevated. This trend suggests a potential “imbalance” in market dynamics, where selling pressure could lead to further price corrections in the short term. Spot Market Trends and Selling Pressure Signal Possible Downturn According to data shared by CryptoQuant analyst Onatt, more than 15,000 BTC have been…

Bitcoin Coinbase Premium Giving Potential Buy Signal, Quant Says

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A quant has explained how the latest trend in the Bitcoin Coinbase Premium Index could imply a buying opportunity for the asset. Bitcoin Coinbase Premium Index Has Plunged To -0.221% In a CryptoQuant Quicktake post, an analyst talked about the latest development in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” refers to a metric that keeps track of the percentage difference between the BTC price on Coinbase (USD pair) and that on Binance (USDT pair). When the value of this metric is positive, it means the cryptocurrency is…

Bitcoin Crosses the Hallmark of 19.8 Mined Units on Xmas Eve

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On Dec. 24, 2024, the amount of mined bitcoins crossed the 19,800,000 mark, leaving less than 1.2 million bitcoins remaining until the total supply is exhausted. After the 2024 halving, approximately 450 bitcoins are mined each day. According to one of the earliest websites collecting various Bitcoin data, Clark Moody, December 24 saw achieving a 19.8 million mined bitcoins milestone.  As many of you might know, Bitcoin has a supply cap of 21 million units. Does it mean that all the bitcoins will be mined soon, and what happens when…

BOUNCEBIT price jumps 16% after major partnership

BounceBit, the native Bitcoin restaking blockchain, is one of the cryptocurrency projects enjoying a bumper Santa rally as its token jumps over 16%. On Dec. 24, the price of BounceBit (BB) rose to above $0.43, and this came after the token’s dip in the past week, which saw bears push it to under $0.32. As Bitcoin’s (BTC) price recovered to above $97,000 amid a fresh holiday-driven bounce, BB reached a new seven-day high. These gains came a day after the BTC restaking platform announced a major partnership agreement with cloud computing giant…

Bitcoin Price Can Recover To $107,000 Again If This Important Level Is Broken

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Este artículo también está disponible en español. Over the last few weeks, the Bitcoin price has been on a downward trend, experiencing significant declines that have pushed it below its all-time high above $104,000. Despite this price crash, a crypto analyst has predicted that Bitcoin could recover from this slump and potentially reach a new ATH at $107,000. However, for the pioneer cryptocurrency to make this recovery, it would have to break past a crucial Fibonacci level.  Why The Bitcoin Price Could Rebound To $107,000 Crypto analyst CobraVanguard released a…

FBI and Other Federal Agencies Identify Hacker Behind $308,000,000 Hack of DMM Crypto Exchange

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North Korean hackers stole $308 million in Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed Tuesday. The FBI, Japan’s National Police Agency and the Department of Defense Cyber Crime Center identified the North Korean group known as “TraderTraitor” as responsible for the theft of 4,502.9 Bitcoin, according to a new press release from the FBI. Investigators say the breach began in March when a hacker posed as a recruiter and sent a malicious GitHub link to an employee of Ginco, a DMM partner company. After…