It was another eventful week in the cryptocurrency space.Bitcoin continued to hit highs not seen since the digital asset crash in May 2022. The largest virtual coin reached $39,000 on Friday before falling again.According to CoinGecko, it is currently trading at $38,806 per coin. This represents an increase of approximately 1% in 24 hours. It rose 3% in one week.The surge in assets is likely due in part to the Fed’s dovish outlook. Governor Christopher J. Waller said Tuesday that while U.S. inflation remains high, “we are increasingly confident that current policies are well positioned to slow it down.” “Crash…
Author: Crypto Flexs
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Avalanche (AVAX) price has performed reasonably well this year, rising from a low of around $9 to a high of $24 before being revised back down. Since the correction, the altcoin has been trading in a narrow range around $20-$21. However, this may not last much longer, as predicted by one cryptocurrency analyst. AVAX bullish wave is rising Crypto analyst Babenski has revealed his optimistic forecast for AVAX price in the future. According to analysts, the digital asset could see a surprising rally that could break several bearish resistances and push the price towards $30. Babenski’s analysis hinges on the…
Shiba Inu has limited growth potential compared to NuggetRush. As the Play-to-Earn gaming concept gained popularity, NuggetRush outperformed Shiba Inu competitors such as XRP, Polygon, and Cardano. NUGX plans to continue its strong performance with strong pre-sales of over $700,000. Shiba Inu is a popular cryptocurrency that has become famous really quickly and has made many people interested in looking for similar investments. However, since Shiba Inu can be difficult to predict and has a large number of coins, some people are looking for other top cryptocurrency options that are safer and can grow more. This is where cryptocurrencies such…
GMX recorded a slight decline in TVL last month. However, network activity increased during the same period. GMX, a leading decentralized exchange (DEX) for perpetual contracts, was ranked as the protocol accepted within the Avalanche Network (AVAX) with the second-highest total value locked (TVL) decline last month, on-chain data firm IntoTheBlock noted in a recent post. I did. At X. According to the data provider, Kyberswap, GMX, and Abracadabra recorded TVL declines of $1.07 million, $869,000, and $738,000 over the past 30 days. Latest monthly TVL trends in the Avalanche ecosystem 📈 Top 3 TVL Gainers: 1. Trader-Joe: Impressive growth…
Despite Bitcoin rising more than 100% year-to-date (YTD), recent reports show that this has not necessarily translated into profits. miners in the network. Instead, these miners seem to be experiencing: loss of profits Even as the Bitcoin halving approaches. Bitcoin miners’ profits have fallen by more than 30%. According to a report by BanklessTimes, the revenue of these miners has fallen by more than 30% over the past six months. fun, these miners When the price of Bitcoin just rose at the beginning of the year, it had its most profitable months. Their revenue soared to $918.8 million in January.…
ACGN Protocol’s Launchpad on LBank Closes with Over 9.5 Million USDT Investment, $AIMEME Listed on LBank – Chainwire housenewsroomACGN Protocol’s launchpad on LBank concludes with over 9.5 million USDT invested and $AIMEME is listed on LBank. We use cookies to make Chainwire’s website a better experience. 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 expressly requested by the subscriber or user or for the sole purpose of carrying out the…
Bitcoin (BTC) could cruise to nearly $50,000 as the United States approves the first spot BTC exchange-traded fund (ETF).like flagged Popular analyst CryptoCon’s Ichimoku Cloud indicator is counting down to a continuation of the BTC price rise.Analysis: $43,000 BTC price is “the most conservative level.”Bitcoin is in a rare position on the daytime time frame when it comes to Ichimoku Cloud signals.As Cointelegraph reports, an indicator combining past, present, and future trading signals suggests that the BTC price rally is just beginning.In a post published on X (formerly Twitter) on November 27, CryptoCon relayed specific goals for what could happen…
Meanwhile, Bitcoin (BTC) posted a 10% monthly gain, spending most of the month between $34,000 and $38,000. After several previous breakout attempts were quickly sold off, the largest cryptocurrency by market capitalization broke out of its range on the final day of November to hit a yearly high of $38,800.
There are signs of a resurgence in Bitcoin optimism this week, with the top cryptocurrency heading towards the $40,000 level. Driving the new bullish momentum are several key factors, including the withdrawal of over $1 billion of BTC from exchanges last week and rising expectations of the approval of a US spot Bitcoin ETF in the coming months. key point More than $1 billion worth of Bitcoin was withdrawn from exchanges last week, suggesting optimistic investor sentiment. Bitcoin price is expected to hit $40,000 again after trading above $38,800, taking gains from the broader cryptocurrency market. A rate cut by…
A Chinese AI chip company has secured an investment commitment of $280 million as the United States plans to restrict artificial intelligence (AI) chip exports to China. Chip restrictions and other sanctions against Chinese AI companies were seen as a major blow to the country’s AI development. But as companies build resilience to crackdowns, they are starting to look for alternatives. Chinese AI company seeks domestic alternative to NVIDIA According to Bloomberg, China is stepping up efforts to establish a challenger to Nvidia as the world’s largest chipmaker. Accordingly, investors backed by the Guangzhou government reportedly pledged to invest 2…