Bitcoin's push to break the $70,000 barrier was short-lived as liquidations of leveraged positions and sell orders on exchanges caused a 5% dip to $66,600.
Bitcoin has reached a new all-time high, but other digital coins and tokens have seen even more impressive gains, with Bitcoin Cash up nearly 40% and meme coins like Shiba Inu surging by 139% in just one week. DeFi tokens like Uniswap and Lido Staked Ether are also performing well.
Hall of GOATS (HOG) has announced a strategic partnership and integration with blockchain leader Xai, aiming to revolutionize gaming, sports, and blockchain technology by enhancing gameplay, expanding interactive possibilities, and empowering athletes to control and leverage their name, image, and likeness.
Cryptocurrency analyst Credible Crypto is bullish on the Ethereum layer-2 project Optimism, stating that it is in price discovery and could see significant gains; he also predicts a major breakout for Hedera if it flips a resistance level, and analyzes the possible path for Kaspa after a recent bounce.
Meme coins like Dogecoin, Shiba Inu, and Pepe are surging in value due to a "wealth effect" driven by crypto natives making money in Bitcoin and then seeking more speculative investments. Altcoins are outperforming Bitcoin during this bull run, and the trend is expected to continue as the cumulative size of the wealth effect grows.
Solana, a major cryptocurrency, reached a two-year peak above $150 as Bitcoin and Ethereum also hit new all-time highs, driven by market swings and the growing popularity of decentralized finance (DeFi) trading volume and Solana-based meme coins.
Taylor Swift's concerts have a significant economic impact on local businesses, with spending increasing by double-digit percentages in cities where she performs, and Singapore has developed a strategy to capitalize on this trend.
The Dark Knight is returning to the Ethereum ecosystem in a new NFT collection called The Legacy Cowls Collection, commemorating the 85th anniversary of Batman's first appearance, and allowing fans to shape and contribute to the story through voting and crafting events.
SEC Chair Gary Gensler expresses concerns about fraud and abuses in the crypto market and the need for proper disclosures and regulations in an interview discussing the potential for a spot ether ETF and the crypto market at large.
Losses from crypto investment scams in the U.S. reached $3.94 billion in 2023, a 53% increase from the previous year, contributing to a total of $4.57 billion in investment frauds, with crypto scams being the most prevalent.
Bitcoin ETFs Booming With Nearly $50 Billion in Assets, Rivaling Grayscale and Fueling Crypto Growth
Bitcoin ETFs, with nearly $50 billion in assets under management, are driving growth in the crypto market and may soon surpass the Grayscale Bitcoin Trust in Bitcoin holdings, signaling a strong demand for traditional crypto investment options. The increased demand for BTC is also contributing to the scarcity narrative within the crypto market, although some crypto maximalists express concerns about the shift towards centralized investment options. While 4% of Bitcoin's total supply being wrapped up in ETFs may seem high, as long as individuals still have the freedom to choose between self-custody and ETFs, the decentralized nature of the network remains intact.
Shiba Inu is the top performer in the CoinDesk 20 Index, with its value doubling in a week, while Bitcoin Cash and Ethereum Classic are also outperforming, gaining 38% and 28% respectively, but ChainLink and Avalanche have lagged behind with modest gains.
Bitcoin hit an all-time high this week due to increased interest from newly launched ETFs, validating it as a mainstream investment; however, there are still risks that could potentially lead to a price shock, including the possibility of Satoshi Nakamoto's influence and the fate of the one million Bitcoins that remain untouched in their wallets.
The price of Ethereum surpasses $4,000 as the cryptocurrency market continues to rise, but it is still 20% below its all-time high, with hopes for the approval of Ethereum ETFs.
Ether (ETH) reached $4,000 for the first time in over two years, outperforming Bitcoin and climbing 67% in the past 30 days, with speculation of a spot ether exchange-traded fund (ETF) approval in the U.S. and the upcoming Ethereum blockchain upgrade contributing to its rise.
Crypto analyst Kaleo predicts that Avalanche (AVAX) could experience a significant breakout, potentially rising over 129%, while also turning bullish on Polygon (MATIC) and Injective (INJ).
The price of Bitcoin has been surging recently, with Ark Invest CEO Cathie Wood setting a price target of $2.3 million, but despite the optimism, some investors see Bitcoin as speculative and recommend exploring other investment opportunities in the cryptocurrency market.
BlackRock's plan to include Bitcoin exchange-traded funds in its investment strategy indicates a positive future for BTC's price, as other funds also show interest, leading to a surge in demand and signaling a bullish horizon.
Goldman Sachs has upgraded its rating on Coinbase from "Sell" to "Neutral" and set a new price target of $282, reflecting a shift in outlook driven by the recent bullish momentum in the cryptocurrency market and Coinbase's increased market share in the US following the approval of 11 new spot Bitcoin ETFs by the SEC.
The US economy shows strength with the addition of 275,000 jobs in February, surpassing expectations, while Bitcoin rises in value after the report, and markets remain unaffected.
Ether, the second-largest cryptocurrency, is approaching the $4,000 mark for the first time since December 2021, following its recent climb alongside bitcoin and anticipation of an altcoin rally.
Investors should consider buying cryptocurrencies before the Bitcoin halving as prices are expected to rise in the long term, with potential opportunities in Kaspa, Fetch.AI, and Volumint.
U.S. prosecutors are planning to challenge the decision by the High Court of Montenegro to extradite Terra founder Do Kwon to South Korea, in an ongoing jurisdictional battle between the U.S. and South Korean prosecutors over charges relating to the collapse of Terra's cryptocurrency ecosystem.
Notcoin, a tap-to-earn game on Telegram, has launched pre-market vouchers in the form of NFTs that allow high-level players to trade their future NOT tokens before the token's airdrop, with the vouchers available to players who have accumulated at least 10 million in-game coins, and can be used to speculate on the future value of the token.
Ethena Labs' stablecoin project, USDe, has raised $4 million for its treasury in less than two weeks, making it the third-largest revenue generator in the crypto market, with high yields from ether-future funding rates and staking ether to a validator.
Bitcoin's volatility is 3.7 times higher than gold, and if it were to match gold in risk capital terms, it would imply a price of $45,000; however, JPMorgan believes that due to its risk and volatility, it is unlikely for bitcoin to match gold's allocation in investor portfolios.
Chloë Grace Moretz is set to star in "Dutch & Razzlekhan," a film based on the true story of Heather 'Razzlekhan' Morgan and Ilya "Dutch" Lichtenstein, who laundered over $4 billion worth of cryptocurrency stolen from Bitfinex, with financing and distribution arranged by CAA Media Finance.
Shiba Inu's recent rally may be impressive, but Bitcoin remains a better investment option due to its utility, scarcity, and institutional support.
Solana (SOL), a top-10 altcoin, is predicted to surge by 250% to 600%, possibly reaching $1,000, while Bitcoin (BTC) is expected to reach $100,000 this cycle, according to crypto analyst Altcoin Sherpa.
Floki Inu, Dogwifhat, and PepeCoin, three meme coins, have experienced significant gains in the past day, with a combined trading volume of $2.8 billion, while Floki Inu has risen to become the 69th largest digital asset by market capitalization, reaching $1.8 billion. Dogwifhat has surpassed a $2 billion market cap and has outperformed the Solana meme coin BONK, while PepeCoin has seen a 144% increase in the last week and reached a price 20% higher than its previous all-time high in May 2023.
Crypto ransomware payments have surpassed $1 billion, indicating a significant rise in cyberattacks, while the use of Tornado Cash, an Ethereum-based mixer, has resurged despite heavy sanctions, showcasing the adaptability of cybercriminals and posing a challenge for regulatory bodies.
The US Dollar is weakening as the possibility of rate cuts by the Federal Reserve increases, leading to a rise in the price of gold and the potential for Bitcoin to reach new all-time highs.
The Optimism Foundation has sold 19.5 million OP tokens to an undisclosed buyer in a private token sale worth around $90 million, with the tokens subject to a two-year lockup period but allowing the buyer to delegate them for governance participation.
Bitcoin options open interest has reached record highs, with a particular interest in a deep out-of-the-money call at a $200,000 strike price, indicating optimism that the cryptocurrency's price could triple in the coming months.
Marathon Digital Holdings (MARA) may no longer serve as a proxy for holding bitcoin due to the availability of bitcoin spot ETFs, leading to a recommendation to sell MARA shares with a price target of $16.69/share.
The active addresses of MATIC have been steadily increasing, indicating a potential price rally, although a plateau in growth suggests a period of consolidation or a downward adjustment may follow; meanwhile, MATIC has shown a strong correlation with Ethereum's price, suggesting the possibility of an upswing towards a $1.24 target.
Cryptocurrency mining specialists Riot Platforms, Marathon Digital Holdings, and CleanSpark saw significant stock gains in February 2024, influenced by the rising price of Bitcoin and positive earnings reports, though the mining industry remains volatile.
Leading cryptocurrency mining firms, including Riot Platforms, Marathon Digital Holdings, and CleanSpark, experienced significant stock gains in February 2024, fueled by the surge in Bitcoin prices and their own operational success, as they reported their fourth-quarter results.
Crypto analyst Bluntz is bullish on altcoin dogwifhat (WIF) in the Solana ecosystem, predicting a "monster" surge after a V-shaped recovery on the hourly chart and a completion of a three-wave pattern, indicating the end of a correction; Bluntz also shares positive forecasts for the Pepe (PEPE) memecoin.
The Lormhole (L) token on Solana, a meme coin created as a response to users who missed out on Wormhole's airdrop, has surged 75,000% in value and attracted thousands of traders, with a market cap of over $6 million.
The current Bitcoin bull run is characterized by reduced volatility, increasing institutional adoption, technological advancements, a favorable macroeconomic environment, and regulatory clarity, making it distinct from previous cycles and potentially reshaping the future of digital assets.
Cardano's price is facing a potential correction after a recent rally, but if it manages to validate a bullish pattern, it could rally towards $0.80.
BlackRock has filed with the SEC to purchase more Bitcoin ETFs for its Global Allocation Fund in an effort to improve its performance and offer a stronger product to clients amidst the surging prices and popularity of Bitcoin ETFs.
Gaming tokens, particularly Immutable (IMX), Beam (BEAM), Ronin (RON), XAI, MAGIC, GALA, SAND, AXS, and PRIME, are experiencing an increase in value as Bitcoin and Ethereum regain their momentum in the market.
The Athens Exchange Group is partnering with Mysten Labs to integrate its Electronic Book Building feature onto the Sui blockchain, marking the first time blockchain technology has been used in traditional stock exchange mechanisms.
The U.S. Army has awarded a $175 million contract to Palantir to develop TITAN, an AI-defined vehicle that will provide advanced battlefield technology and deep sensing capabilities for long-range precision fire.
Investors from the traditional finance sector are accumulating Bitcoin at an unprecedented rate, with 103,726 BTC accumulated over the past 7 days, leading to predictions of a sell-side liquidity crisis and potential holdings of a couple of million BTC this year.
The Securities and Exchange Commission has delayed its decision on whether to allow options trading on BlackRock's iShares Bitcoin Trust, as well as a proposal from Cboe Exchange, while exchanges are hoping to offer traders the ability to buy and sell options on Bitcoin ETFs after a strong month of trading volume and inflows.
The native token of Solana-based decentralized exchange aggregator Jupiter surged after the platform introduced an incentivized voting mechanism for community members to choose which tokens will be launched next.
Bitcoin is currently in the midst of its pre-halving rally, but dips can still occur; meanwhile, Dogecoin has confirmed a new uptrend and could surpass $0.20 before June.
