The next bull market could begin as early as next year, driven by catalysts such as the upcoming Bitcoin (BTC) halving and the possible approval of a spot Bitcoin ETF in the United States. our latest Cointelegraph ReportHere’s how to prepare for your next parabolic move in five simple steps. First, it is important to understand Bitcoin market cycle theory, which states that cryptocurrency bull markets occur approximately every four years following a Bitcoin halving event when the supply of new BTC is halved. According to professional trader Eric Crown, we are still in the midst of a pre-halving rally…
Author: Crypto Flexs
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Altcoin season has officially begun. Cryptocurrency stocks like MicroStrategy and Coinbase are also booming, and one bank is predicting a massive Bitcoin price increase much sooner than originally thought. This week we bring you these stories and more in cryptocurrency. Altcoins surpass Bitcoin Bitcoin hit $39,000 this week, its highest since April 2022, but altcoin season has begun, with explosive gains for many altcoins outpacing BTC. AVAX, the native token of the Avalanche blockchain, surged 97% as JPMorgan tested asset tokenization on the network. Besides AVAX, Helium, Blur, and Rune were among the top altcoins that doubled in value in…
A cryptocurrency analyst from the popular CryptoTV channel predicted a major breakout for several top cryptocurrencies in a daily YouTube video posted on December 4. Analysts have pointed to recent price movements in assets such as Bitcoin (BTC), Ethereum (ETH), and XRP as early confirmation that the expected rally is underway. As you can see across the board with this cryptocurrency, we are breaking through. Notably, the analyst believes Bitcoin could continue to rise above what he identifies as a key “bullish fractal” resistance level after the two-day close. However, he warned that Bitcoin is approaching overbought territory on the…
Over the past seven days, Bitcoin (BTC) has surged a whopping 14.5%, hitting a 20-month high of $41,130 by December 4. Traders and analysts were left speculating, especially due to the liquidation of $100 million worth of shorts. (Bearish) Bitcoin futures are made within just 24 hours. However, a closer look at BTC derivatives data tells a different story that highlights spot market activity.BTC liquidation mapEnough shorts to go for $45,000-$46,000. pic.twitter.com/7O2zYD4j8Q— Nick Algo (@nik_algo) December 4, 2023 Impact of recent Bitcoin futures market liquidationAlthough the Chicago Mercantile Exchange (CME) trades USD-settled contracts for Bitcoin futures, no actual Bitcoin is…
that much Ethereum ecosystem We are back on a mission to ensure Ether becomes deflationary after its burn rate increased significantly. Several factors are believed to have contributed to this milestone, including: Voluntary resignation of a validator. Over 106,000 ETH has been burned in the last 30 days. According to data Over 106,000 ETH has been burned in the last 30 days on Ultra Sound Money. During the same period, there were just over 70,000 ETH issued. This resulted in a significant decline. Ethereum supplyIt fell by over 35,000 ETH. This is a welcome development, as the difference between burn…
Posted 1 minute ago In ~ The NFT market has seen a surge in activity over the past month, with most of the increase in trading volume coming from NFTs. blur blur +1.27% market.Ethereum-based NFT transactions hit $605 million in November, according to The Block’s data dashboard. This represents an increase of almost 100% compared to October’s monthly volume of $306 million. Just four days into December, NFT trading volume for the month has already reached nearly $90 million, with nearly $70 million coming from transactions on the Blur NFT Marketplace.Switch from OpenSeaSince February of this year, there has been…
Bitcoin price rose more than 5% and broke the $40,000 resistance level. BTC is rising and could soon head higher towards the $42,000 resistance. Bitcoin broke the $38,500 resistance zone and surged above $40,000. The price is trading above $40,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a connecting bullish trendline forming with support near $40,100. The pair may continue to rise towards the $42,000 resistance. Bitcoin price liquidated at $40,000 Bitcoin price remained strong and was able to break the $38,500 resistance zone. BTC bulls gained strength and…
Your biggest monthly bill is likely to be your mortgage payment. BitPay Bill Pay simplifies the mortgage payment process using cryptocurrencies or any other type of bill. Additionally, you can use virtually any cryptocurrency wallet and choose from any of the cryptocurrencies supported by BitPay.Buying a home is one of the largest financial transactions most people make. And unless you have hundreds of thousands of dollars, you’ll likely need a mortgage before even picking out curtains and furniture. If you’ve ever wanted a way to pay off your mortgage with cryptocurrency, read our detailed primer on how easy it is…
join us telegram A channel to stay up to date on breaking news coverage The price of Bitcoin has surged 11% over the past 24 hours, trading at $41,351 as of 2:45 a.m. ET. Because the king of cryptocurrencies has shaken the psychological level of $40,000. BTC market dominance is now at 52% with a 55% increase in trading volume. One of the most striking evidence of increasing buying pressure is the inverse correlation between Bitcoin and Tether (USDT) stablecoin dominance. As shown in the chart below, there is an inverse correlation between USDT dominance and BTC. The dominance has…
Arbitrum DAO, a layer 2 networking system designed to improve Ethereum blockchain scalability, recently took a significant step in expanding its Short-Term Incentive Program (STIP). The DAO, which is governed by ARB token holders and funded through transaction fees, voted to increase its STIP budget by $23.4 million. This decision was made following a community vote that took place from November 18 to December 2, 2023. The proposal aimed to provide additional funding to projects that were previously approved but unfunded due to the initial 50 million ARB token limit set in STIP. The recent vote resulted in an additional…