JPMorgan CEO Jamie Dimon defends people's right to buy bitcoin while comparing it to smoking a cigarette, but still criticizes cryptocurrency for its potential use in illegal activities, and urges the Federal Reserve to wait until June before cutting interest rates.
Telegram is considering an IPO, which has led to a surge in the price of Toncoin (TON), the cryptocurrency associated with the company's Open Network.
XRP's value surged to $0.74, outperforming other cryptocurrencies in a market rally driven by optimism and speculation, with analysts speculating that it could potentially reach $1 due to technical and market sentiment.
Bitcoin (BTC-USD) reached a new record high of $72,000, with other cryptocurrencies also experiencing gains, indicating the rapid growth of this asset class.
Binance's listing of the ETH layer-2 altcoin project Metis (METIS) has caused the token to surge by double digits, as it aims to provide lower fees and faster transaction times than Ethereum through its use of optimistic roll-up technology.
Bitcoin is poised to replace gold as an investment option due to its digital nature and superior trading capabilities, according to Michael Saylor, chairman and co-founder of MicroStrategy, which recently purchased an additional 12,000 bitcoin, bringing its total holdings to 205,000 tokens valued at over $14 billion.
Grammy-award-winning musician Drake shared a clip of Michael Saylor speaking about bitcoin on his Instagram account, marking one of the first large-scale endorsements in this bull market and potentially reigniting retail investors' interest in the digital assets market.
Sweden's central bank governor, Erik Thedeen, has expressed his aversion towards Bitcoin, stating that it is impossible to value, based on speculation, and has seen significant value collapses in the past. He warned individuals against thinking there are unlimited gains to be made in the cryptocurrency market.
The price of Polkadot (DOT) is expected to rise further with the support of institutional investors, as evidenced by higher inflows and its undervalued status based on the price-to-sales ratio, while a bullish pattern suggests a potential price appreciation with a target of $12.
As the crypto market continues to rise, altcoins like Tectum, Beldex, and OctaSpace are worth considering for significant gains in the near future. Tectum offers unmatched transaction speeds, Beldex focuses on privacy, and OctaSpace aims to create a distributed cloud ecosystem.
Shiba Inu, PEPE, and Dogecoin experienced a decline in prices as large wallet investors transferred their meme coin holdings to centralized exchange wallets, potentially signaling a bearish trend.
The European Parliament has approved new sanctions rules, including provisions for freezing assets, to address concerns about violations of EU financial sanctions, with a particular focus on crypto.
The US Consumer Price Index rose faster than expected in February, with the year-over-year pace at 3.2%, while bitcoin remains unaffected by the hawkish change to monetary policy outlook.
The cryptocurrency market is experiencing a surge in investor sentiment, driven by the introduction of spot Bitcoin exchange-traded funds (ETFs) and potential drop in interest rates, with Ethereum, Solana, Zilliqa, Dogecoin, BNB, Algorand, and Chainlink identified as top cryptos to buy.
Shiba Inu's potential to replicate its 2021 success in 2024 is uncertain due to fundamental challenges and limited utility, although there are signs of optimism within the ecosystem.
BlackRock's iShares Bitcoin ETF (IBIT) now holds 195,985 bitcoins, surpassing MicroStrategy's holdings, as investors continue to show strong demand for bitcoin.
Bitcoin's market structure is exhibiting all the signs of a bullish trend, with real investors buying the cryptocurrency at higher prices and the recent approval of spot Bitcoin exchange-traded funds (ETFs) acting as a remedy for derivative-based "toxic paper BTC."
JPMorgan Chase CEO Jamie Dimon continues to criticize Bitcoin despite its record-breaking price surge, suggesting that its soaring value may indicate a bubble that investors are overlooking. Dimon also reiterated his belief that Bitcoin is being used for illegal activities, but stated that he would defend people's right to purchase the cryptocurrency if they choose to do so. His skepticism aligns with Berkshire Hathaway CEO Warren Buffett's view that Bitcoin lacks intrinsic value and is akin to a gambling token.
JPMorgan Chase CEO Jamie Dimon remains skeptical of Bitcoin's value despite its record-breaking price surge, suggesting it may be a bubble and warning of its use in illegal activities.
Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), is inviting businesses to join a regulatory sandbox to shape its plans for regulating fiat-backed stablecoins, which are cryptocurrencies pegged to real currencies like the U.S. or Hong Kong dollar.
Ether (ETH) options traders are concerned about near-term price weakness as the price of the cryptocurrency surpasses $4,000, leading to a premium on put options amid worries that the U.S. SEC may not approve an ether spot ETF by May.
XRP leads gains in the cryptocurrency market, rising 10% in the past 24 hours, while other major tokens remain relatively stable.
Solana (SOL) is expected to reach new all-time highs this market cycle, with potential gains ranging from 235% to 570%, according to macro guru Raoul Pal.
El Salvador's bitcoin treasury has made an unrealized profit of $84 million, with its holdings reaching over $206 million due to bitcoin's 250% rise over the past year, thanks to the country's recognition of bitcoin as a legal tender and its various revenue-generating services.
Bitcoin trader Pentoshi suggests that instead of constantly trying to call tops in the market, investors should widen their time horizon and consider where Bitcoin is heading a decade from now, pointing to factors such as the popularity of the BTC ETF and ongoing money printing by central banks as driving forces for long-term bullishness, while also noting that the altcoin market is primed for future rallies.
Thailand's Securities and Exchange Commission (SEC) is permitting institutional investors and high-net-worth individuals to invest in crypto exchange-traded funds (ETFs), specifically spot bitcoin ETFs on U.S. exchanges, signaling a shift in regulatory stance.
Two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been detained for the past two weeks by Nigerian authorities in relation to the country's accusations against the crypto exchange.
El Salvador has seen its Bitcoin portfolio reach a profit of $84 million as the country strategically invested in BTC and explored various revenue streams tied to cryptocurrency, positioning itself as a trailblazer in the digital currency world.
The growth in the number of Bitcoin millionaires is slowing down, indicating potential profit-taking by investors, with fewer than 2,000 new millionaires created daily compared to over 4,000 during the last bull run, potentially suggesting that the current bull run is still in its early stages.
The closing statements in the trial to determine if Craig Wright is Satoshi Nakamoto will be presented this week, with the decision of the case having potential implications on other ongoing cases involving Wright and various crypto firms.
Two executives from the cryptocurrency exchange Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been detained by Nigerian officials for the past two weeks without being informed of any criminal charges against them, likely due to Nigeria's broad actions to ban cryptocurrency exchanges and devalue the country's national currency.
Bitcoin miner earnings reached an all-time high last week, with daily revenues surpassing previous highs set during the last bull market in April 2021, as Bitcoin's price continues to trade near record levels.
NFT collections by Yuga Labs, including Mutant Ape Yacht Club and Bored Ape Yacht Club, have reached their lowest ETH valuations, while other NFT projects have experienced growth, raising questions about the future appeal of Yuga's Ape-themed metaverse in the competitive NFT market.
Avalanche Price Faces Crucial Test at $50 Level as Over 300,000 Holders Watch for Potential Breakout
The price of Avalanche (AVAX) is approaching a crucial resistance level at $50, which could significantly impact the profits of AVAX holders, but historical occurrences make the probability of breaching this level slightly thinner, raising the question of whether investors will see profits soon or have to wait longer.
Bitcoin Sudoku is a casual crypto game that allows players to earn points that can be converted to Bitcoin or Ethereum, offering a pleasant balance of gameplay and ads while providing a small amount of cryptocurrency earnings.
The Layer 1 Foundation, a coalition of Bitcoin developers, has formed a governance body to ensure trust and transparency for the BRC-20 fungible token standard and avoid potential hard forks in the future.
Global investment firm AllianceBernstein predicts that Bitcoin will reach $150,000 per coin as the influx of cash into newly approved exchange-traded funds (ETFs) continues to drive up its value.
Wormhole, a cross-chain protocol, has announced an upcoming W governance token airdrop, but some users are unhappy with the wallet selection process and token allocation, prompting Wormhole to publish a post explaining the details and reasoning behind it all.
Bitcoin has reached a new all-time high above $72,000 per coin, with investors divided on whether to take advantage of the rally or exercise caution due to the volatile nature of the cryptocurrency. Mizuho Americas Senior Financial Technology Analyst Dan Dolev warns investors to stay away from crypto investing, citing pricing pressure and increasing competition, while Matt Ballensweig, BitGo Managing Director, highlights the demand for BTC as an asset and the endorsement of Bitcoin by major asset managers such as BlackRock and Fidelity.
The rollup ecosystem is facing challenges with state fragmentation, as each rollup exists within a siloed environment that compromises interoperability, network effects, and user experience, potentially leading to the downfall of the Ethereum ecosystem's application dominance.
MicroStrategy Chairman Michael Saylor believes in holding Bitcoin for the long-term, as his company's massive investment reflects, and highlights the benefits of Bitcoin maximalism and the attractiveness of buying MicroStrategy shares rather than Bitcoin exchange-traded funds (ETFs).
US crypto exchange Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC), accusing the regulator of acting arbitrarily and capriciously in its refusal to establish clear regulations for the industry, further highlighting the ongoing battle over crypto regulation.
Bitcoin's recent rally to all-time highs is pushing over 1,500 crypto wallets past the million-dollar mark each day, indicating the growing mainstream acceptance of the cryptocurrency as a solid investment, according to Kaiko Research.
MicroStrategy's stock surged after the company purchased an additional 12,000 bitcoins, bringing their total holdings to approximately 205,000 tokens, making them a software company with a highly valuable bitcoin portfolio.
Meme coins, such as Dogecoin and Shiba Inu, have become a captivating and volatile segment of the cryptocurrency market, presenting both astronomical returns and tragic losses for investors who navigate the unpredictable landscape.
Ripple's XRP cryptocurrency surged over 20% in response to the broad crypto rally, becoming the best-performing asset in the CoinDesk 20 Index, after experiencing a significant downtrend against bitcoin.
Bitcoin ETFs have been successful in the U.S., and it is expected that Ethereum ETFs will follow suit, potentially benefiting Coinbase as well.
Eight new wallets have withdrawn $16.72 million worth of Chainlink (LINK) tokens from Binance, indicating that deep-pocketed entities, likely institutions, are accumulating the native asset of the decentralized oracle provider, according to Lookonchain.
Paradigm is reportedly leading a funding round of over $200 million for start-up Monad Labs, which aims to build a faster competitor to Ethereum, in what could be the largest crypto fundraise of 2024.
Despite mixed signals from technical indicators, Ethereum (ETH) has the potential for continued upward momentum and a resumption of its uptrend, thanks to hidden strength on the daily chart and strong support levels identified on the weekly chart.
