Bitcoin has broken out of a triangular consolidation pattern, indicating a bullish trend and potentially reaching $80,000 in the coming weeks, supported by a strong US jobs report and increased risk-taking in the financial market.
Charles Hoskinson, co-founder of Cardano (ADA), is optimistic about the upcoming Chang hard fork and Ouroboros Leios consensus mechanism upgrades, which aim to strengthen Cardano's infrastructure and move towards a more decentralized network, while also improving transaction efficiency and scalability; however, there are concerns about ADA's market performance compared to other cryptocurrencies and its recent removal from Grayscale Investments' fund reflects changing investor sentiment.
Bitcoin's upcoming reward halving is unlikely to cause a significant increase in volatility, as the impact of previous halvings suggests a predictable outcome with limited surprises.
U.S. crypto-related stocks, including Coinbase, MicroStrategy, and BlackRock's bitcoin exchange-traded fund, enjoy gains as bitcoin surpasses $72,000 and approaches its reward halving.
Ripple's CEO, Brad Garlinghouse, predicts that the overall cryptocurrency market will double in price by the end of 2024, citing factors such as Federal Reserve policies, the upcoming Bitcoin halving, and positive regulatory momentum in the US.
Bitcoin surpasses $71,000 in Asian trading hours ahead of reward halving, boosting Ordinal and BRC-20 ecosystem bets, while non-fungible token (NFT) activity declines.
Crypto whales have moved $35.11 million in stablecoins into Ethereum, resulting in a strong support level for its price, potentially shaping its near-term trajectory.
The HashKey Group has launched the HashKey Global exchange in Bermuda, offering spot trading services for 21 digital assets with plans to become one of the largest licensed exchanges globally in the next 5 years.
Coinbase's Layer-2 Blockchain Base Network has surpassed $4 billion TVL, with a transaction count higher than Ethereum and Arbitrum, indicating its growing popularity and potential in the market.
Genesis, a bankrupt cryptocurrency lender, has sold 36 million shares of the Grayscale Bitcoin Trust (GBTC) to acquire Bitcoin (BTC) and settle debts, raising a total of $2.1 billion.
Tether, a cryptocurrency company, generated a net income of $6.2 billion in 2023, competing closely with traditional banking giants like Goldman Sachs and Morgan Stanley, leading to discussions within the financial ecosystem about the future of cryptocurrency and the potential for legacy financial institutions to explore it further.
Cryptocurrencies experienced a slight surge as the highly anticipated Bitcoin Halving approaches, with traders looking at the event as a potential catalyst for price spikes despite the usual weak time of year for crypto markets, according to Coinbase.
The founder of cryptocurrency exchange FTX, Sam Bankman-Fried, has been convicted of seven counts of fraud, which could result in a maximum jail sentence of 110 years, following the collapse of FTX in 2022 due to financial misconduct and misuse of customer funds.
Crypto analyst The Crypto Dog is bullish on the smart contract protocol Near (NEAR), predicting a breakout rally and a potential rally to $9, while also keeping an eye on Injective (INJ) as it starts to look interesting again; the analyst believes the recent correction in the market is designed to flush out weak hands.
Costa Rica is debating a proposed crypto law that could restrict the use of Bitcoin for everyday transactions, but there is optimism for robust regulations in the future, as highlighted by BitcoinBulls CEO Francis Pouliot and Congresswoman Johanna Obando's advocacy for the digital asset. There are also opportunities for Bitcoin mining and tourism-related services to drive adoption in the country.
Furrever Token (FURR) has achieved remarkable success in its presale, accumulating over $660,000 in just one month, while Bitcoin (BTC) and Ethereum (ETH) struggle to regain their momentum in the cryptocurrency market. Furrever Token's unique approach, combining cuteness and community engagement, sets it apart as an innovative investment opportunity with the potential for significant returns.
Investors are likely to aggressively purchase Bitcoin during dips as it is increasingly accepted as "digital gold," according to Coinbase Institutional, which also remains bullish on BTC due to demand from ETFs and the upcoming halving.
Google has filed a lawsuit against two Chinese app developers for distributing fraudulent cryptocurrency trading applications on its Play Store, which scammed over 100,000 people out of their money through a romance scam known as "pig butchering."
Bitcoin's potential for growth lies in increasing demand and decreasing supply due to the involvement of Wall Street and the upcoming halving event, according to Anthony Scaramucci, founder of SkyBridge Capital.
A federal court jury has found crypto company Terraform Labs and its founder Do Kwon liable for fraud charges brought by the SEC, after they deceived investors and caused billions of dollars in losses through a fraudulent scheme involving crypto asset securities.
Bitcoin reaches $71,784 before rebounding, SOL performs well; Government sells $2 billion worth of BTC on Coinbase; BTC and gold show high correlation, while BTC ETFs launch and grow in size.
This Week in Crypto Games provides a roundup of the biggest news in the crypto and NFT gaming space, including the launch of Notcoin token on TON, the record-breaking SAGA token launch on Binance, the introduction of the BitBoy One Bitcoin gaming handheld, and the Coachella scavenger hunt game.
Paraguay is considering stricter regulations on bitcoin mining and the trading of cryptocurrencies, with a proposed law aiming to temporarily ban mining and prohibit storage and trading, in an effort to control illegal mining operations and protect consumers from virtual asset risks. The ban could potentially impact the country's position as an attractive destination for bitcoin miners due to its abundant and cheap hydroelectric power supply.
Crypto hedge fund Pantera Capital's Liquid Token Fund has appreciated by 66% in Q1 2024, thanks to investments in digital assets such as Solana, Aevo, Ribbon Finance, and Stacks, along with reduced exposure to Bitcoin and Ethereum.
Kevin O'Leary, a star on "Shark Tank," believes in direct Bitcoin ownership rather than investing through an ETF, citing unnecessary fees and the benefits of direct ownership; however, he recognizes the importance of the first Bitcoin ETF as a milestone for wider adoption and sees it as a signal towards integrating crypto technology within regulated financial services.
Hedge funds are taking interest in Option2Trade (O2T), a DeFi exchange token, due to its innovative solutions and its potential to generate substantial returns in the growing cryptocurrency market, particularly in the DeFi sector. Hedge funds are strategically positioning themselves to capitalize on the upcoming Bitcoin halving and the launch of an Ethereum ETF, diversifying their portfolios and using advanced analytics to predict market impact. Option2Trade (O2T) emerges as a key player in the cryptocurrency investment paradigm.
Bitcoin is showing signs of price recovery, trading above $69,000 as whales and short-term holders engage in increased accumulation activity, with one whale wallet waking up after 10 years of dormancy to transfer $16.73 million worth of BTC, while another wallet accumulated $7.85 million worth of BTC in the past 12 hours.
Fantom founder Andre Cronje is exploring the integration of meme coins into the blockchain and is working on creating a framework to launch and protect community-centered meme coins, signaling Fantom's potential entry into the growing trend of smart contract networks supporting meme coins. However, concerns about the volatility and limited utility of meme coins remain.
Companies positioned to witness revenue surge and EBITDA margin expansion as cryptocurrencies rally, making them attractive investment options for potential multibagger returns.
Bitcoin has experienced a significant price rally, reaching over $70,000 per bitcoin, and Federal Reserve President Neel Kashkari has expressed skepticism about its value and utility, comparing it to Beanie Babies, and suggesting that it has no legitimate use case in an advanced democracy.
Crypto exchange Coinbase is adding the Solana-based altcoin Tensor (TNSR) to its listing roadmap, with Tensor being the most popular non-fungible token (NFT) platform on Solana and launching its own token next week.
Solana experienced a surge in trading activity and reached an all-time monthly high in March, driven by the popularity of meme coins, but faced issues with congestion and transaction failures on its network.
The upcoming Bitcoin halving event, which occurs approximately every four years and cuts the rewards paid to miners in half, may lead to a boost in Bitcoin's price as demand increases and supply becomes more scarce, potentially resulting in a rally that could last for 12 to 18 months.
Ethereum (ETH) is expected to underperform other altcoins unless it experiences a significant collapse, according to a pseudonymous analyst who has been bearish on ETH since September of last year. The analyst believes that Ethereum's performance will only improve if there is a massive capitulation followed by a rebound.
The NFT marketplaces have experienced a significant decline in sales, with a weekly decrease of 13.72% and Bitcoin-based NFTs witnessing a 17.99% decrease in sales, despite accumulating over $66 million, while Ethereum achieved $63.98 million in sales, marking a fall of 8.89%.
Bitcoin's price is unlikely to drop to $50,000 due to the lack of immediate froth in the derivatives markets and the increasing support levels, with short liquidations building from $70,000 to $75,000, according to cryptocurrency analyst Dylan LeClair.
Cross-chain messaging protocol Wormhole (W) may experience significant gains in the coming weeks, according to crypto strategist Altcoin Sherpa, who highlights an airdrop of tokens and exchange listings as bullish factors for the altcoin; meanwhile, Solana (SOL) is predicted to undergo a correction of up to 20%, and Celestia (TIA) is expected to rally after a potential dip.
Solana (SOL) price is at a critical point as technical indicators and network activity trends suggest a bearish outlook, with a potential drop to $137, but a successful resolution of operational challenges could lead to higher resistance levels and a price target of $205 or $210.
Bitcoin (BTC) is showing a bullish signal as historical data suggests that the more people are worried about its long-term prospects, the higher the chances of a continued market rise.
PENDLE, an Ethereum-based yield trading protocol, has experienced significant growth, with its value locked (TVL) surpassing $4 billion and its total trading volume reaching $10.5 billion, making it the largest DeFi yield protocol and leading co-founder Arthur Hayes to dub it "the future of DeFi."
Heavy metal band Avenged Sevenfold has launched Season Pass, a decentralized fan rewards platform on Ethereum scaling network Polygon, allowing fans to collect rewards for participating in activities linked to the band and unlocking tiered rewards such as digital collectibles, merch discounts, and concert tickets.
Anthony Scaramucci of SkyBridge Capital remains optimistic about Bitcoin despite its recent decline, citing factors such as increased institutional investment, scarcity-driven price increases, and the potential for further growth in adoption and market valuation. He views Bitcoin as a major digital store of value and believes it could reach half of gold's market valuation. Scaramucci also acknowledges the volatility of the market and sets a conservative target of $170,000 for Bitcoin in the current cycle. Overall, he sees regulatory scrutiny and legal challenges as necessary steps toward a more mature and stable crypto market.
Despite many cryptocurrencies trading at all-time highs, Ethereum remains off its peak, offering a promising opportunity for investors due to its dominant position in decentralized finance (DeFi) and ongoing upgrades that widen the gap between Ethereum and its competitors.
Ethereum presents a compelling investment opportunity as it dominates the decentralized finance (DeFi) sector, with 60% of its total value, and continues to widen the gap with its competitors through ongoing upgrades and improvements.
Bitcoin experiences a market bounce back over the weekend with a 1.45% rise in its rate, although it remains bearish on the hourly chart and may test $67,000 if buyers fail to act, with ongoing sideways trading expected in the $67,000-$69,000 range in the coming days.
Dogecoin core developer Michi Lumin clarifies that the information presented by Grok AI regarding RadioDoge and its connection to SpaceX launching Dogecoin nodes into space is incorrect, emphasizing the need to rely on credible sources for accurate information in the midst of the cryptocurrency's growing popularity.
The US is lagging behind other major nations, such as the EU, UK, and Hong Kong, in adopting clear regulations for cryptocurrencies, according to a Coinbase executive.
Dogecoin has experienced a resurgence in price and investor interest, with a significant movement of 200 million coins from Robinhood to an unknown wallet sparking speculation that the meme coin could reach the $1 mark.
A cryptocurrency trader's viral post highlights the futile pursuit of financial freedom through accumulating wealth, emphasizing that money does not bring true happiness or resolve internal conflicts.
The US Consumer Financial Protection Bureau (CFPB) is monitoring financial transactions in online gaming platforms as part of its efforts to protect consumers in financial markets, particularly in the growing area of crypto gaming. The agency is examining the use of in-game currencies and assets as a medium of exchange, and is also focusing on issues such as scams and theft within the gaming industry.
