There has been quite a bit of quiet talk in the cryptocurrency industry lately that Bitcoin and other cryptocurrencies could be heading into a recession. However, experts believe we are on the verge of another strong year in the cryptocurrency sector, noting the rise of stablecoins such as USDT and USDC. The recovery of the stablecoin market, with assets such as USDT and USDC adding more than $9 billion to their capitalization since October 2023, for a total of $133 billion, is a sign of a strong influx of liquidity into the cryptocurrency space. The recent increase in the value…
Author: Crypto Flexs
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Cryptocurrencies have taken the world by storm in recent years, with Bitcoin leading the way as the most popular and widely accepted digital currency. However, as the cryptocurrency market continues to evolve, new players are emerging with unique selling points and growth potential. One of the cryptocurrencies that has been attracting attention recently is 8BIT coin. But is that the future of cryptocurrency or just another fad? What is 8BIT Coin? 8BIT Coin is a decentralized digital currency that aims to provide secure, fast and affordable payment solutions to users around the world. Cryptocurrency operates on a peer-to-peer network and…
Whales continue to accumulate LINK. LINK cannot exceed the $18 price range. Interest in Chainlink (LINK) from certain whales has been surging recently, and the accumulation shows no signs of slowing down. How has LINK’s price fared given this recent accumulation trend? Chainlink whale enjoys shopping Over the past few days, Chainlink whales have become more interesting, especially as the aggressiveness of certain whale wallets has increased. Look on chain Data shows that this whale wallet has been accumulating LINK continuously for the past three days. As of this writing, the whale wallet has accumulated a total of 4,556,684 tokens…
The subtle shift in social media conversations. The mentions in the mainstream media: “Bitcoin will now be available for Wall Street investors!”. All the text messages arriving with questions about bitcoin from your no-coiner friends. Bitcoiners know that this is the signal. The bull market is officially here before the 2024 halving. This is a letter and a brief guide with nice tools for all those people who have been asking questions about bitcoin in the last couple days. “Bitcoin… Should I buy it?” “What is the best way to buy some?” “When should I buy it?” “How much do…
A spot Bitcoin exchange-traded fund (ETF) is nearing its first month of operation, with consolidation likely expected by the end of 2024, according to Steven McClurg, chief investment officer at Valkyrie Funds. McClurg said in an exclusive interview with Decrypt on February 10 that he expects the number of issuers to drop from 10 to “about seven or eight.” He attributes this prediction to the financial burden associated with operating spot Bitcoin ETFs and the trend of competitive fee reductions that threaten the profitability of struggling issuers. McClurg highlighted a critical asset base of $100 million under management as a…
Illustration by Mitchell Preffer for Decrypt.Bitcoin and all other major coins and tokens have been on the rise for seven days after what seemed like a boring week.BTC was flat on Monday but surged on Thursday. According to CoinGecko, the price of Bitcoin is now over $47,000 per coin. It is an 11% increase in one week.Experts told Decrypt that the surge has been driven by large investors holding large amounts of cryptocurrencies this year and technology-focused investors eyeing the digital asset market.The price of the largest digital coin has fallen since the approval of 10 Bitcoin exchange-traded funds (ETFs)…
The cryptocurrency market has been abuzz recently with several top tokens making big moves after a relatively calm start to the year. Ethereum, Dogecoin, and Solana are leading the latest gains, reclaiming key price levels amid strong technical and on-chain fundamentals. Investor enthusiasm appears to be returning to cryptocurrency assets as risk appetite improves in global markets as well. While the stars appear to be aligned once again for a sustained uptrend, there still remains significant near-term uncertainty and resistance levels that the bulls can move past. As the rally gains momentum, we take a look at the key catalysts…
Cryptocurrency prices have seen a strong rebound over the past few days. Bitcoin surged above $47,000 as the fear and greed index shifted towards greed. Bitcoin Dogs, a new cryptocurrency, is likely to benefit from this trend. As optimism spread in financial markets, cryptocurrency prices finally showed strong strength. bitcoinThe world’s largest cryptocurrency has jumped from a low of $38,500 to more than $47,000 following the ETF’s approval, and analysts believe there is more upside ahead. The jump coincided with a strong performance in U.S. stocks, with major indexes hitting record highs. The S&P 500 index broke above the important…
Rabbit Swap Introduces Innovative Cross-Chain Swap Solution – Chainwire housenewsroomRabbit Swap presents an innovative cross-chain swap solution. We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate purpose…
Bitcoin (BTC) rose for the fifth day and surpassed $47,000 on Friday morning. CoinDesk 20 Index (CD20), the indicator for the largest cryptocurrency, added 4%. The largest cryptocurrency by market capitalization has reached a one-month high as East Asia celebrates the Year of the Dragon, its biggest festival. This celebrates the beginning of what is considered one of the luckiest periods according to the Chinese Zodiac. . In Chinese, the word dragon is pronounced similarly to “long,” increasing its memetic value among cryptocurrency traders. Some analysts predict that the price of the cryptocurrency will rise to $50,000 over the weekend.…