Wednesday, October 16, 2024

Latest News

These Altcoins Mark Biggest Gains as Bitcoin (BTC) Jumped to 3-Week Peak (Market Watch)

Bitcoin’s price resurgence continued in the past 24 hours as the asset shot up to $66,500 for the first time since the end of September. The altcoins have also turned green, and the total crypto market cap has added about $100 billion overnight. BTC’s Surge Drove it to 3-Week High It has taken some time but Uptober is starting to deliver on the big promises. It was just five days ago when the primary cryptocurrency dumped hard and fell to a multi-week low of under $59,000. However, the bulls stepped up on the gas pedal in the following days, and BTC has not looked back. After recovering some ground during the weekend and jumping to $63,000, this volatile week began on ...

Bitcoin Breaks Above $64K, Trending Meme Coins Also Surge (Market Watch)

The cryptocurrency market’s total capitalization increased by over $50 billion in the past 24 hours and is currently at around $2.35 trillion. This comes on the back of increases in the price of Bitcoin and most altcoins. Some popular meme coins are also exploding, so let’s take a quick look. Bitcoin Tests $64,000, How High Can it Go? Bitcoin’s price soared above $64,000 today, and it is currently testing its next important level, at $65K. As you can see on the chart, the surge was sudden, taking the price from below $63,000 to above $64,000 in one hourly candle. The bears attempted to push it back down but were unable to do so, and the bulls are currently in control....

Bitcoin Price Breaks Through The $65,000 Level

The price of Bitcoin (BTC) has made another positive move, rising above the moving average lines. Bitcoin had already crashed and found support above the psychological price threshold of $60,000, now it is reaching above $65,000. Long-term forecast for the BTC price: bullish On October 12, the price of the cryptocurrency broke through the 21-day SMA resistance, but then pulled back to test it, as reported by Coinidol.com. Today, the uptrend started above the 21-day SMA suppor...

Bitcoin Calms Down at $63K as Aptos (APT) Explodes 20% Daily: Weekend Watch

The cryptocurrency market has calmed down in the past 24 hours. Its total capitalization is around $2.29 trillion, which is more or less where it was yesterday. Bitcoin, as well as the majority of large-cap altcoins, saw relatively low volatility and are consolidating. This is expected price action during weekends when volumes are traditionally lower. Bitcoin Price Calms Down at $63,000 As we reported yesterday, the market achieved a considerable recovery, with Bitcoin’s price increasing to more than $63,000 despite its previous dip below $59,000. It appears that the rally has somewhat run out of steam. The price has been unable to continue higher and is currently cons...

Polygon Recovers But Fails To Break Above The $0.42 Barrier

The price of Polygon's Ecosystem Token (POL) is in a sideways trend after the price drop on August 5. Price analysis of POL coin on October 13, by Coinidol.com. POL price long term prediction: ranging Polygon fell to a low of $0.33 on August 5 before recovering, as reported by Coinidol.com previously. The bulls bought the dips and the POL price moved sideways above the $0.35 support but below the resistance at $0.42. Neither the bulls nor the bears broke the ranges. Thus, the bears ha...

Bitcoin Price Rockets to $63K but This Viral Meme Coin Takes Center Stage (Weekend Watch)

After a few days of depressing price action, the bulls appear to be finally back in town. The cryptocurrency market added almost $70 billion to its total capitalization over the past 24 hours. This happened on the back of Bitcoin charting a notable recovery in the past 24 hours, bouncing up to $63,000, so let’s have a look. Bitcoin’s Price Stages a Recovery Just a couple of days ago, Bitcoin tumbled below $60,000 and even briefly dipped below $59,000. Fortunately, the bulls were very quick to recover and managed to stage an impressive rally, which peaked at around $63,400 earlier today. The price has since retraced a bit to where it currently trades, but BTC booked a 3...
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Bitcoin

Bitcoin Price Prediction: What If BTC Repeats Weekly Momentum

The Bitcoin price curve is following an interesting pattern that could potentially give investors confidence for the days to come. At the current level, the BTC price retraced the April 2022 level, which was a few weeks before the FTX collapse erupted in the crypto market. Also Read: Bitcoin Maxi Says Further BTC Price Uptrend “Will Shock The World” BTC Price Forecast According to X account of Titan of Crypto, a projection up to $46,50...

Bitcoin Maxi Says Further BTC Price Uptrend “Will Shock The World”

While BTC Price is currently trading at a new high in over 18 months, popular Bitcoin Maximalist Max Keiser believes there is more to come in this rally. The possibility of a spot Bitcoin ETF approval in near future and the Bitcoin Halving event which is likely to happen in the second quarter of 2024 trigger speculation of a bull run for the top cryptocurrency over the next six months. Also Read: US SEC Delays Grayscale Ethereum Trust ETF...

Bitcoin (BTC) Price Breaks $44k; Will It Continue to Rise?

As a continuation of its eclectic rally, Bitcoin (BTC) price has just breezed past the $43,000 mark to set a new high for the year. At the time of writing, market data reveals Bitcoin is now changing hands at $44,058.37, up 4.5% in the past 24 hours. With the current market outlook, Bitcoin has now extended its gains for the week to 14.35%. One crucial question now remains whether the ongoing surge is a temporary one that may stir a rever...

Ethereum

Ethereum Price Prediction As Altcoins Tumble, Time To Buy The Dip?

Considerable declines have rocked the crypto market for the first time since the October rally started, led by Bitcoin price drop from $35,000 resistance, down 2.2% to $33,977. Ethereum price was not spared, as it encountered headwinds, sliding below support/resistance at $1,800 to trade 1.3% lower on the day to $1,773. The total market value suffered a 2.1% dip to $1.29 trillion due to altcoins taking a major hit. For instance, Solana is...

Ethereum Price As DeFi TVL Hits $21 Billion, Can ETH Lift To $2k In October?

Ethereum price is on the verge of breaking out and closing in the coveted psychological resistance at $2,000. Interest in the largest smart contracts token has continued to increase with Bitcoin price reclaiming resistance/support at $31,000. Most traders anticipate a continued bullish action across the market, with ETH following closely in the footsteps of the bellwether cryptocurrency and starting the second recovery phase beyond $2,000...

Vitalik Buterin Reveals Solution to Quantum Computing Attacks

Vitalik Buterin has emphasized the critical role of account abstraction in enhancing the security of user accounts against quantum computers. The Ethereum co-founder shared his insights during a session on the decentralized social network Warpcast on Wednesday, where he delved into the importance of strengthening security in the face of rapid advancements in quantum computing. Vitalik Buterin’s take on Quantum Computing Buterin’s perspecti...
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Cardano

Cardano price could extend gains riding on bullish on-chain metrics

Share: Cardano on-chain metrics flash capitulation signals, supporting a bullish thesis for ADA price.  The Cardano Foundation announced its commitment to push ADA towards complete decentralization.  ADA price is currently in an uptrend, trading above the $0.3786 mark. Cardano is currently in an uptrend, and the altcoin is likely to extend its gains according to on-chain met...

Solana price has risen almost 400% since SEC labeled SOL a security, alongside ADA and MATIC

Share: Solana price is up 386% five months after the SEC labeled SOL a security, alongside Cardano, Polygon and others. SOL has outperformed its peers in the list, with its market capitalization closing in on Ripple after 65% leap in November. Surge likely attributed to the Solana network building itself as the choice Layer 1, rivaling Ethereum. Ecosystems are migrating to th...

Cardano price sell-off could extend with bearish on-chain metrics

Share: Cardano network’s active addresses and new addresses reveal bearish divergence. ADA traders are likely to sell the altcoin as potential profits increase, as seen in the MVRV metric. Cardano price erased its weekly gains, dropping to $0.3617, early on Tuesday.  Cardano holders brace for the possibility of a correction in ADA price as on-chain metrics of the smart contr...

Defi

Liquidation Blocks Crucial to DeFi Risk Evaluation: Intelligence Firm

IntoTheBlock emphasizes the importance of liquidation blocks in evaluating DeFi risk. The firm warns of potential collateral shortfalls if overlooked. Over 39,000 traders liquidated in the last 24 hours, with losses totaling $88.69 million. In a recent report, market intelligence platform IntoTheBlock underscores the crucial role of liquidation blocks when evaluating risk in decentralized finance (DeFi) protocols. It highlighted that overlooking this metric could expose inves...

Anonymous Attacker Seizes Control of Tornado Cash; Steals $1M+

An anonymous attacker seized control of the Tornado Cash protocol, by exploiting a malicious proposal. Reportedly, he stole more than $1 million from the DAO’s funds. The attacker has proposed to revert everything, giving control back to the community. According to the latest reports, an anonymous hacker has seized control of the decentralized finance (DeFi) protocol, which helps customers conceal transactions, Tornado Cash, by exploiting a malicious governance proposal. Reportedly...

Arbitrum Emerges as DeFi Powerhouse, Gains Massive Adoption: Report

Arbitrum has gained significant traction in the DeFi sector. Integration with GMX_IO plays a crucial role in Arbitrum’s mass adoption. User adoption for Arbitrum more than doubles after the token Incentive conclusion. According to a recent finding by Messari, a well-known crypto data analytic firm, Arbitrum, the layer two scaling solution for the Ethereum (ETH) network, has managed to carve out a lucrative niche within the decentralized finance (DeFi) sector.  The report noted t...
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Altcoin

INJ Gains While the Majority of the Market Prints Losses

Injective (INJ) was one of the few cryptos trading in the green at press time. The altcoin was trading at $7.85 following a 0.28% gain in the past 24 hours. Technical indicators suggested that INJ would retest the next key resistance level in the next 48 hours. Injective (INJ) was one of the few cryptocurrencies that was able to print a gain over the past 24 hours. At press time, the altcoin’s price stood at $7.85 following a 0.28% increase according to CoinMarketCap. In additio...

Celsius Network’s Massive ETH Staking Causes Delays In Ethereum Queue

Celsius engaged in $800 million ETH staking initiative, causing delays in Ethereum validator queue. The company deposited $745 million worth of ETH into staking contracts, expanding waiting period. Celsius Network faced financial insolvency, leading to restructuring efforts and acquisition by Fahrenheit. Celsius Network, a crypto lending platform that is facing financial insolvency, recently engaged in an ETH staking initiative worth $800 million. This action has resulted in ...

Significant Alt Market Breakout Coming Soon, Predicts Trader

Crypto Tony recently forecasted a significant breakout for the altcoin market. The ETH/BTC ratio was able to break out of a wedge chart pattern over the past 48 hours. At press time, BTC’s market dominance was down 0.04% according to CoinMarketCap. The trader and analyst Crypto Tony predicted a significant altcoin market breakout in a tweet yesterday. In the post, he shared a snapshot of the daily chart for ETH/BTC, which showed that the ratio was on the verge of breaking out...

Crypto News

Crypto’s Regulatory Winter Gives Way To Bipartisan Spring

“In the midst of winter, I found there was, within me, an invincible summer.” Albert Camus’ words capture the resilience of the human spirit—but they just as well describe the last few weeks in crypto policy. From bitcoin ETF filings and Ripple’s court victory to legislative progress in both the House and the Senate, signs of life are emerging in the digital asset ecosystem. Indeed, there is mounting evidence that crypto winter, at least from a regulatory standpoint, has started to thaw. F...

What Crypto Investors Need To Know About Worldcoin

As AI continues to dominate media debates, and capture the attention of venture capitalists, the CEO of Open AI – the company that introduced the world to ChatGPT – has launched an ambitious new project; Worldcoin WLD . Following an unfortunate pattern that has begun to emerge, this cryptoasset is not available in the U.S. due to the regulatory environment, but is still making waves in the marketplace. With the price of the Worldcoin token jumping 20% on exchanges following its launch, the...

‘Any Action Necessary’—$15.5 Trillion ‘Simultaneous’ Crypto Earthquakes Are Heading For Bitcoin And ...

Bitcoin BTC , ethereum and other major cryptocurrencies have been revitalized by a shock legal decision in recent weeks. Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price has almost doubled since the beginning of the year, with Tesla billionaire and Twitter owner Elon Musk issuing a surprise, huge 2030 crypto prediction, and helping the combined bitcoin, ethereum, XRP XRP crypto market...
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NFT

MetaMask briefly pulled from App Store, British MPs argue for caution with NFT copyright infringemen...

Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam “SBF” Bankman-Fried. As the saga unfolds, check below for the latest updates.Oct. 18: "Lawyers should do better than this" — Judge KaplanDistrict Judge Lewis Kaplan had run out of patience during Sam Bankman-Fried’s trial on Oct. 18, calling out on lawyers representing both parties in the criminal court case. The judge’s comments came after a witness fleeing Texas for the trial testified for roughly 1...

This play-to-earn game offers NFTs linked to physical items like gold

The Web3 game Mars4, which allows players to explore the surface of Mars, has unveiled two new exclusive rovers inspired by Tesla's Cybertrucks.For decades, space enthusiasts have had a fascination with Mars. NASA's Perseverance rover is giving us regular insight on what life is like some 140 million miles away — with footage recently capturing a rare weather phenomenon known as a dust devil.There are so many unanswered questions. Has life ever existed on this planet? Were there once frien...

Gamers can now explore Mars in Tesla-inspired Cybertrucks — Here’s how

Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, the currently available crypto debit card solutions often require tedious transfers and incur high fees, making the process unfeasible for everyday users. Leading crypto exchange Bybit wants to change tha...

Trading

Bitcoin Breaks Above $64K, Trending Meme Coins Also Surge (Market Watch)

The cryptocurrency market’s total capitalization increased by over $50 billion in the past 24 hours and is currently at around $2.35 trillion. This comes on the back of increases in the price of Bitcoin and most altcoins. Some popular meme coins are also exploding, so let’s take a quick look. Bitcoin Tests $64,000, How High Can it Go? Bitcoin’s price soared above $64,000 today, and it is currently testing its next important level, at $65K. As you can see on the chart, the...

Bitcoin Price Breaks Through The $65,000 Level

The price of Bitcoin (BTC) has made another positive move, rising above the moving average lines. Bitcoin had already crashed and found support above the psychological price threshold of $60,000, now it is reaching above $65,000. Long-term forecast for the BTC price: bullish On October...

Bitcoin Calms Down at $63K as Aptos (APT) Explodes 20% Daily: Weekend Watch

The cryptocurrency market has calmed down in the past 24 hours. Its total capitalization is around $2.29 trillion, which is more or less where it was yesterday. Bitcoin, as well as the majority of large-cap altcoins, saw relatively low volatility and are consolidating. This is expected price action during weekends when volumes are traditionally lower. Bitcoin Price Calms Down at $63,000 As we reported yesterday, the market achieved a considerable recovery, with Bitcoin’s p...