Bitcoin may experience a significant correction and lose 50% of its value, as it has not retested $30,000 as support during its climb above $60,000, according to crypto strategist Benjamin Cowen.
Bitcoin reaches a two-year high of $65,000, while Arkhouse Management and Brigade Capital Management increase their offer to acquire Macy's to $24 per share. Investors are preparing for a busy week on Wall Street with several key events.
U.S.-listed crypto companies experience gains in pre-market trading as bitcoin surpasses $65,000 for the first time since November 2021.
Meme coins like PepeCoin, Dogecoin, and BONK are seeing significant gains following Bitcoin's surge, with PepeCoin leading the charge with a 35.6% increase in the past 24 hours and 421.8% over the past week.
Bitcoin offers unmatched upside potential, serves as a hedge against inflation and financial uncertainty, and is considered the future of money, making it a compelling investment option.
Ethereum's price has risen by 3% to $3,506.38, reaching its highest point since January 2022, and 91% of ETH held in wallets has gained value, while the upcoming Dencun upgrade is expected to significantly improve transaction speeds and costs, leading to increased investment in DeFi projects, which now hold $94 billion in assets, the highest since the TerraUSD crash in 2022.
Bitcoin NFT collections, particularly the NodeMonkes artwork, have experienced high trading volumes, reaching $11 million in sales, indicating a growing demand for Bitcoin-based assets as Bitcoin continues to rally.
The Bitcoin price has surged to its highest level since late 2021, prompting speculation about a mystery bitcoin buyer that could potentially be Qatar or Jeff Bezos, and leading to wild predictions and rumors about the crypto market.
Bitdeer has developed a highly efficient Bitcoin mining chip, SEAL01, which offers exceptional power efficiency and aims to help the mining community capitalize on opportunities after the upcoming Bitcoin halving event.
Open interest in SHIB futures has surpassed $100 million, indicating speculative excess in the crypto market and caution for Bitcoin bulls, while the supply-demand imbalance for Bitcoin suggests a rally to record highs this week.
The crypto market cap has surpassed $2.5 trillion, with memecoins dominating and surpassing the market capitalization of non-fungible tokens (NFTs), potentially indicating a shift of retail traders towards riskier assets.
Bitcoin rallied for the second consecutive day, inching closer to its all-time high, driven by strong demand for exchange-traded funds (ETFs) and expectations of a supply shortage after the upcoming halving event later this year.
The U.S. dollar weakens as traders await economic data for insight on the Federal Reserve's interest rate cuts, while Bitcoin reaches a two-year high and the yen remains near the 150 per dollar level as investors assess the possibility of the Bank of Japan's exit from its negative interest rate policy.
The Dogecoin versus Bitcoin pair is showing a bullish reversal signal on the weekly chart, indicating potential gains for Dogecoin. Similarly, the decentralized storage network Filecoin is also experiencing positive price action within its accumulation range.
Cardano's new wallet Nami is experiencing a glitch with ADAHandles, causing delays and lag for users, prompting investigations and a temporary disabling of ADAHandles, while the Lace wallet remains unaffected; meanwhile, Cardano's network activity and ADA token price have been on the rise.
Uniswap's proposed fee structure change could be a transformative moment for digital assets, positioning it as a profitable example for the industry and potentially surpassing Bitcoin's performance.
Financial losses from crypto thefts rose significantly in February 2024, with hackers stealing around $360.83 million worth of crypto assets, marking a month-on-month increase of 97.6% compared to January 2024, and only a small percentage of the stolen assets being recovered.
A federal judge ruled in a case against Sameer Ramani, a friend of a former Coinbase employee accused of insider trading, that the crypto assets involved were securities, supporting the argument that the majority of the crypto industry falls under the jurisdiction of the Securities and Exchange Commission (SEC).
The U.S. Department of Energy has agreed to stop collecting data on the energy usage of crypto mining firms and will destroy any information it has already collected or will receive as a result of its survey, following a lawsuit by Riot and the Texas Blockchain Council.
Bitcoin experienced the highest-ever monthly gain for cryptocurrencies, with a weekly increase of 19.5%, while memecoins saw a substantial rise in market capitalization, led by Dogwifhat with a 400% surge.
This Week in Crypto Games brings you the latest news in the crypto and NFT gaming space, including the launch of the Portal token, the open beta of NFT card game Parallel, and the return of Dookey Dash with a prize pool of over $1 million. Additionally, former PlayStation boss Shawn Layden joins READYgg as an advisor, and various gaming platforms and exchanges make significant announcements.
Morgan Stanley has filed for Bitcoin exposure in institutionally focused funds, aiming to integrate spot Bitcoin ETFs into 13 investment vehicles, although these funds are limited to allocating no more than 25% of their assets to Bitcoin ETFs and carry similar risks as investing in cryptocurrencies.
The meme-inspired cryptocurrency Shiba Inu (SHIB/USD) has become the fourth most traded cryptocurrency globally, indicating its increasing popularity among investors and traders.
Bitcoin has surpassed the $60,000 mark for the first time since 2021, driven by the approval of spot Bitcoin ETFs and anticipation of the upcoming halving event in April, with two prominent BTC miners, Riot Platforms and Marathon Digital, being analyzed by Needham analyst John Todaro, who favors Riot Platforms due to its low-cost operations, clean balance sheet, and well-executed facility deployment.
The upcoming Ethereum network upgrade, Dencun, is anticipated to revolutionize the blockchain by eliminating high gas fees, making layer-2 transactions cheaper and easier to validate, and paving the way for a gas-free future on layer-2 networks.
The US Securities and Exchange Commission (SEC) is likely to reject applications for Ethereum exchange-traded funds (ETFs) due to political pressures and concerns about market oversight and the legal status of Ethereum, according to crypto attorney Jake Chervinsky.
Several gaming tokens have gained popularity in 2024, including Portal, Pixels, Xai, and Heroes of Mavia, with each token experiencing different levels of success and market caps.
BlackRock and Fidelity dominate the inflows into spot Bitcoin ETFs, while other fund managers are cutting fees to compete in the growing asset class.
The crypto market experienced a frenzy as Bitcoin surged to almost $64,000, signaling the onset of a bull market and attracting mainstream interest, with signs such as the rise of Bitcoin ETFs and Coinbase crashing during the peak of Bitcoin's ascent.
February was a bullish month for the cryptocurrency market with Bitcoin and other altcoins nearing all-time highs, and this analysis highlights three lesser-known altcoins - ANKR, RAY, and MASK - that have shown promising trends and potential for significant gains in the coming month.
Pantera Capital analysts are optimistic about two altcoin projects, Stacks (STX) and dYdX (DYDX), due to their strong fundamentals and potential for growth in the upcoming bullish market cycle.
The crypto market is experiencing a rebound in 2024, with Bitcoin and Ethereum prices surging and investors returning to crypto-related stocks like Coinbase Global, Marathon Digital, and MicroStrategy, which could potentially outperform the market by the end of the decade.
Bitcoin's price has surged 40% in just two months, reaching over $62,000, thanks in part to the approval of spot bitcoin ETFs by the US Securities and Exchange Commission and an upcoming halving event that will reduce the mining reward and increase scarcity.
The next crypto bull market rally has begun, with new crypto investment products and the surge of top cryptocurrencies signaling the end of the "crypto winter"; Bitcoin, Ethereum, and Chainlink are among the coins likely to experience significant growth.
Ethereum layer-2 projects have experienced a significant increase in transaction volumes, while both ETH and BTC continue to be withdrawn from centralized exchanges, indicating potentially bullish signs for the crypto assets.
Axelar, an interoperability-focused altcoin, reached a new all-time high after being listed on Binance, with its native asset, AXL, trading at $1.94 and experiencing a 27% increase within 24 hours.
Bitcoin's pre-halving rally is expected to continue for a few more weeks, but a correction is likely to occur before the halving, with a potential retrace of 10% to 25%.
Hundreds of millions of dollars have already flowed into protocols on the new Ethereum layer-2 network, Blast, with multiple projects emerging and generating buzz within the ecosystem, including Orbit Protocol, Spacebar, Pac Finance, PacMoon, Zerolend, DistrictOne, and Juice Finance.
Several meme coins, including Shiba Inu and Floki Inu, have surged in value by over 50% in the past 24 hours, demonstrating the growing interest and potential profitability of these tokens. Shiba Inu, in particular, has experienced a 69% increase in value in the past day and a 128% increase over the last week. Other meme coins like WIF, BONK, DOGE, and PEPE have also witnessed significant surges in the cryptocurrency market.
UK authorities have approved legislation allowing them to legally confiscate cryptocurrency assets, including Bitcoin, involved in criminal activities without a court order, in an effort to disrupt illicit financing and protect lawful asset holders.
Taiko, a startup founded by Daniel Wang, aims to build a truly decentralized social network that prioritizes ownership and control over content, data privacy and security, and censorship resistance, with the company recently raising $15 million in a Series A funding round led by Lightspeed Faction and reaching unicorn status in terms of valuation.
Layer-2 scaling solution provider Taiko has raised $15 million in a series A funding round, bringing its lifetime outside investment total to $37 million, as it aims to become an "Ethereum-equivalent ZK rollup" with "based sequencing," despite facing stiff competition in the Ethereum layer-2 network space.
Fidelity Investments predicts that Bitcoin could gain another $500 billion in market cap, driven by its increasing popularity as a store of value and hedge against inflation, potentially pushing its value to $75,000 and a $1.5 trillion market cap, surpassing its previous all-time high. While the 25% market share it could achieve in the monetary gold market may sound outlandish, current valuations indicate that it is not implausible, and predictions from other Wall Street institutions suggest even higher potential valuations for Bitcoin.
Fidelity Investments predicts that Bitcoin could gain another $500 billion in market cap, driven by its increasing popularity as a store of value and hedge against inflation, potentially pushing its value to $75,000 and a $1.5 trillion market cap, representing 25% of the monetary gold market.
Bitcoin surged past $60,000 for the first time since November 2021, driven by increased demand and the approval of bitcoin exchange-traded funds (ETFs); however, caution is advised as bitcoin remains a speculative asset with high volatility and limited diversification benefits.
A woman in Australia who received millions of dollars accidentally from a cryptocurrency trader bought a luxury mansion and claimed she thought her partner had won the money in a competition, but was later arrested and sentenced for recklessly dealing with the proceeds of the crime.
Ideogram AI has released its advanced text-to-image model, Ideogram 1.0, which offers state-of-the-art text rendering and photorealistic images, and has raised $80 million in Series A funding led by Andreessen Horowitz.
Zealand Pharma stock experiences a significant increase of over 34% after positive results in a clinical trial for a liver disease drug that is also being tested for weight loss.
The volume of futures tracking meme coins surged, resulting in over $50 million in losses for bets against these non-serious tokens in the past 24 hours, indicating irrational exuberance and contributing to a price surge among these tokens.
The price of dog-themed token floki (FLOKI) has surged over 100% in the past 24 hours as the community voted in favor of burning 2% of the token's supply, resulting in the permanent removal of tokens from circulation and boosting bullish sentiment.
