Bitcoin slipped in early-morning trading, just missing a record high, while US stock futures fell as investors awaited comments from Federal Reserve Chair Jerome Powell, with his testimony expected to provide insight on the direction of interest rates.
The BRICS bloc is working towards creating a blockchain-based payment system to challenge the dominance of the US dollar in international transactions and promote financial independence and resilience.
Cryptocurrency stocks are outperforming AI stocks, with the combined value of digital currencies increasing at three times the pace of the Nasdaq Composite, but three cryptocurrencies to avoid are Shiba Inu, Dogecoin, and Bitcoin.
Analyst Predicts Crazy Altcoin Rally as Traders Eye Quality Coins Like LOOKS Amid NFT Market Revival
Altcoin Psycho, a respected crypto strategist, predicts that altcoins are set for an unprecedented rally in the current market cycle, with the second leg of the bull market expected to yield the highest gains for high-quality altcoins.
BTC is expected to reach a new all-time high with the crypto market cap surpassing $2.5 trillion, while other major projects in the cryptocurrency industry are also experiencing record highs.
Baanx, a cryptocurrency payments specialist, has raised $20 million in Series A funding, bringing its total funding to over $30 million, as it plans to expand its services in the U.S. and Latin America.
Taiwan is working towards integrating spot Bitcoin exchange-traded funds (ETFs) and plans to unveil new digital asset regulations in September 2024 to enhance the regulatory framework and protect investors.
Shiba Inu (SHIB) prices briefly dropped 50% on Coinbase due to a sell order exceeding the available market depth, but quickly recovered in an unusual move during a volatile crypto trading session.
VanEck Europe, the European division of the global asset manager, expects that half of its assets under management will come from crypto in the future due to the growing importance of cryptocurrency and its potential for growth.
Miners need to constantly plan and compete to maintain their hashrate, energy, and real estate after Bitcoin reward halvings, in order to avoid bankruptcy, according to a report by Fidelity Digital Assets. The months following the halving are the most challenging, as miners must have capital reserves to offset the reduction in revenue, although the industry has historically recovered and demonstrated resilience after previous halvings.
Crypto-tracked futures experienced losses of over $550 million in the past 24 hours, with meme coins alone accounting for $90 million in evaporated bets, as leveraged bets on crypto futures surged to over $66 billion in the past week.
The Deribit DVOL index, which measures expected price volatility in the next 30 days, has surged to a yearly high of 76%, prompting traders to overwrite calls and generate additional income.
Russia has announced the creation of a new blockchain-based payment system, the BRICS payment system, which aims to provide an alternative option to the US dollar and be friendly to governments, businesses, and citizens.
The BRICS grouping, composed of Brazil, Russia, India, China, and South Africa, plans to develop a blockchain-based payment system as part of its goal to increase its role in the international monetary system.
The SEC has once again delayed its decision on BlackRock's proposed spot Ethereum ETF, pushing back the deadline from March 10, following previous delays on spot Ethereum ETF applications from other firms.
Magic Eden has become the top NFT marketplace by trading volume, thanks in large part to its support of Bitcoin Ordinals, which has propelled its latest surge in activity.
MicroStrategy's stock price surges by 24% as Bitcoin nears an all-time high, with the company planning to offer a private sale of $600 million in convertible senior notes to purchase more of the cryptocurrency.
The Securities and Exchange Commission has once again postponed its decision on the proposed spot Ethereum ETF from BlackRock, as well as other Ethereum ETF applications from Fidelity, Invesco, and Galaxy Digital, leading to increasing interest in Ethereum ETFs amid Bitcoin's surge and the upcoming Ethereum network upgrade.
BlackRock has filed with the SEC to purchase more Bitcoin ETFs for its Strategic Income Opportunities Fund, aiming to strengthen the fund and offer investors attractive income and returns.
Cardano (ADA) recently experienced a significant price boost, reaching its highest price in 22 months, but it is still far below its all-time high, indicating potential for future growth; the price may soon face resistance at $0.80, but a dip below the support level of $0.777 could lead to a bearish turn.
Bitcoin shares are soaring, surpassing $67,000, with SkyBridge Founder Anthony Scaramucci comparing Bitcoin to Berkshire Hathaway as a long-term value store and highlighting its limited supply and high demand as driving factors for the rally, while also urging investors to stay patient and consider its potential as a digital gold and a hedge against political uncertainty.
Solana-based decentralized exchanges saw a record-breaking trading volume of over $11.19 billion in digital assets, marking a 154% increase from the previous week, with Orca and Raydium being the top contributors, as Solana tokens surged in value during the crypto market's bull run.
Shares of Coinbase Global, the largest cryptocurrency exchange in the US, have nearly doubled in the past month, driven by the wider crypto rally and Bitcoin's surge, approaching its all-time high, while users experienced zero-dollar balances during trading.
Bitcoin crossed the $67,000 level for the first time since 2021, with CNBC's Jim Cramer attributing the rally to investors seeking a diversification hedge against fiat currencies.
The Runestone airdrop, organized by the Bitcoin ordinals project, is imminent and will distribute Runestone inscriptions to eligible wallets holding at least three inscriptions, excluding certain file types. The project, which garnered attention for its creative use of augmented reality, recently completed the largest Ordinals inscription transaction on the Bitcoin blockchain.
The Change Healthcare cyberattack by ALPHV/BlackCat may have resulted in a ransomware payment of over $22 million in Bitcoin, while the affiliates who carried out the attack claim to still possess sensitive data.
Institutional demand, technological advancements, and Bitcoin's finite supply could lead to a 6,300% price rally over the next 15 years, driven by scarcity and growing adoption, including the introduction of Bitcoin exchange-traded funds (ETFs).
Bitcoin surged to a high of $67,500, approaching silver's market capitalization of nearly $1.4 trillion, while Ether reached $3,600 for the first time since January 2022 driven by strong institutional demand and BlackRock's bitcoin ETF recorded over $2 billion in volume before market close.
Cross-chain bridge protocol Wormhole is preparing for a multi-billion dollar airdrop of its upcoming W token, potentially one of the largest in crypto history, with a current estimated value of $2.73 billion.
Shares of MicroStrategy Inc. surged to a 24-year high as investors view the company as a digital-asset play due to its large bitcoin holdings, with the stock rising 24% and its market capitalization growing by $10.7 billion in the past six sessions.
The crypto industry is actively supporting pro-crypto candidates in Super Tuesday elections, with firms like Coinbase and Ripple donating millions to a super PAC called Fairshake and organizing a pro-crypto rally, as they aim to shape fair digital asset policies for the future.
The UK government has passed a law allowing law enforcement to seize crypto assets without extensive legal procedures, with the provisions set to come into force on April 26th.
Coinbase experienced another crash due to increased traffic, causing some users to see zero balances in their wallets, but the exchange assured users that their funds were safe and that trading was unaffected.
BlackRock stock broke out as bitcoin's price neared its all-time high, driven by strong demand for bitcoin exchange-traded funds (ETFs), with BlackRock's iShares Bitcoin Trust and Fidelity Investments' Wise Origin Bitcoin Fund capturing the majority of inflows into these funds.
Tesla's investment in Bitcoin has surged past $600 million, leading to an increase in the automaker's Bitcoin holdings to over $650 million, and there is speculation on whether Tesla will sell its holdings or resume accepting crypto payments for its vehicles.
Warren Buffett warns of excessive and casino-like behavior in markets as Coinbase experiences a crash due to increased trading activity, reminiscent of Robinhood's 2021 fiasco.
Solana, with its latest upgrade and increasing developer activity, is positioning itself as a potential competitor to Ethereum, although it still faces challenges due to Ethereum's vast ecosystem and market capitalization.
Bitcoin has reached an all-time high in the euro, surpassing its previous record, as its market capitalization and global cryptocurrency valuation continue to rise.
Bitcoin crossed the $65,000 mark and is inching closer to its all-time high of $69,000, with rising bullish bets and open interest suggesting further gains may be on the horizon.
Coinbase is considered a better investment than Bitcoin due to its potential for future growth and ability to generate profits regardless of the success of cryptocurrencies.
Warren Buffett warns of market excess and compares market behavior to a casino, while volatility in crypto markets causes Coinbase to temporarily halt trading, leading some to draw comparisons to Robinhood's stock trading fiasco in 2021.
Prometheum, a controversial crypto platform, has hired a new CFO with a Wall Street background as it aims to become the sole U.S. special-purpose crypto broker-dealer, highlighting its commitment to compliance and innovation.
Solana-based meme coin Bonk has reached a new all-time high of $0.00003876 and surged over 55% in the last 24 hours, potentially setting it up to hit $0.01 sooner than popular meme coin Shiba Inu, thanks to the positive sentiment in the digital asset market led by Bitcoin's rally. However, there are concerns about potential price corrections and the volatile nature of meme coins.
ARK Invest CEO Cathie Wood remains confident in her prediction that Bitcoin could reach a price of $1.5 million by 2027, citing increasing institutional interest and the scarcity value of the cryptocurrency as key factors that could drive its price higher than ever before.
Bitcoin is approaching its previous all-time high and three catalysts, including increased demand from ETFs, slower supply growth, and potential rate cuts by the Federal Reserve, could push it even higher.
More powerful figures, including Wall Street banks, are adopting a supportive stance towards Bitcoin due to its increasing popularity and demand, making it harder to find high-profile adversaries; even environmentalists' objections to Bitcoin's energy consumption are losing clout compared to the growing number of allies it has gained.
The crypto market recovery is expected to be led by decentralized finance (DeFi), with six of the top 10 revenue-generating protocols being DeFi applications, and global asset managers are likely to consider a DeFi ETF due to real yields and regulatory clarity, according to a research report from Bernstein.
Ether.Fi will allocate $600 million worth of ether (ETH) to secure the Omni Network and enhance the security of the EigenLayer ecosystem, which facilitates communication between Ethereum rollups, while also potentially preparing for a token airdrop as part of a "final countdown" campaign.
Ethereum co-founder Vitalik Buterin criticizes the disproportionate allocation of investments in meme coins like Dogecoin, highlighting the neglect of other important aspects of the crypto infrastructure, which hinders innovation and growth, while also emphasizing the advantages of a global crypto economy and the potential benefits of the Ethereum Improvement Proposal EIP-4844.
Tangible has rebranded to re.al and is launching a layer-2 blockchain to provide a full stack experience for issuing and trading tokenized real-world assets, aiming to become a platform for other projects to build on with a focus on high specialization in the real-world assets sector.
