Tag: Bitcoins

Nexio Raises $2.2M in Pre-Seed Funding, Launches Parallelized Bitcoin Rollup to Revolutionize Bitcoin’s Scalability

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PRESS RELEASE. New York, August 9th, 2024 – Nexio, a pioneering Bitcoin scaling solution leveraging parallelized rollup technology, today announced that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology, aiming […] Original

Cryptoquant Insights Warn: Bitcoin’s MVRV Ratio Signals Bearish Turn 

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The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment has turned bearish, with increased selling pressure and critical valuation metrics suggesting potential for further decline. Cryptoquant Analysis: Bitcoin Plummets Amid Bearish […] Original

Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally

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Ethereum price gained pace for a move above the $2,550 resistance zone. ETH is now consolidating near $2,680 and eyeing more upsides above $2,750. Ethereum started a decent increase above the $2,450 and $2,550 levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,720 resistance zone. Ethereum Price Eyes More Gains Above $2,720 Ethereum price…

Dogwifhat soars 20% amid Bitcoin’s rebound to $57k

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Solana-based meme coin dogwifhat has jumped 20% over the last day as Bitcoin recovered back to $57,000 levels. At the time of writing, dogwifhat (WIF) was still up 18%, trading at $1.71 per price data from CoinGecko. The crypto asset’s daily trading volume was hovering around $935 million while its market cap had risen to $1.69 billion. WIF 24-hour price chat – Aug. 7 | Source: crypto.news Following the latest price increase, the dog-themed meme coin has taken 49th place among the cryptocurrencies by market cap. However, WIF is still…

Deja vu? What Bitcoin’s past patterns reveal about its post-black Monday future

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What can Bitcoin’s history tell us about its post-Black Monday potential? Examining patterns for future predictions. August 5 turned out to be a chaotic day for investors as global financial markets faced sharp declines. Worries over rising interest rates, upcoming elections, inflation, geopolitical tensions, and the looming threat of a recession all came to a head.  Japan’s benchmark index plummeted over 12% in its worst drop since 1987, the Dow Jones fell by more than 1,000 points (a 2.6% drop), and the Nasdaq slid by 3.5%.  Even the tech giants—Alphabet,…

Bitcoin’s shellacking during global markets decline calls into question ‘safe haven’ theory again

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Cryptocurrencies were among the hardest assets hit this morning as bitcoin slid 15% toward its worst day since June 2022. The turmoil has investors wondering, once again: what happened to the narrative that bitcoin is a store of value, and a hedge against uncertainty? Bitcoin lost as much as 17% on Monday after the broad-market sell-off intensified over the weekend. The Dow Jones Industrial Average fell as much as 1,000 points Monday following a 611-point decline Friday, while the tech-heavy Nasdaq lost as much as 6% at one point. BTC.CM=…

Bitcoin’s Price Potential: Analyst Maps Path To $700,000 And Beyond

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Bitcoin has been on a rollercoaster ride ever since it reached its all-time high (ATH) of $73,737 back in March. However, regardless of that, several analysts and traders in the crypto community remain persistent in their bullish outlook for the asset. An example is Willy Woo, a well-known figure in the crypto sector. Earlier today, Woo shared his optimistic view on Bitcoin and insights on how high BTC’s price could potentially climb to hit this anticipated high mark. Bitcoin Road To $700,000: Tough Or Smooth? According to Woo in his…