Author: NBTC
Bitcoin is currently trading above $58,000 after a quick rebound from the worrying $56,000 level. The broader crypto market is showing mixed signals, leaving everyone wondering what’s next for the leading cryptocurrency. For Bitcoin to gain solid momentum, it first needs to reclaim the $60,000 mark and continue its march toward $62,000. While reaching new all-time highs seems like a distant goal at the moment, there’s still hope that the final quarter of the year could bring renewed optimism. As market sentiment picks up, the long-awaited rally to $100,000 may once again become a possibility. Bitcoin’s Technical Picture According to…
According to its Q3 Commentary report, ARK Investment Management believes technological innovation, particularly in artificial intelligence and blockchain technology, could be pivotal in revitalizing the global economy. As inflation transitions to deflation in several sectors, ARK believes that its five innovation platforms, robotics, energy storage, AI, blockchain, and multi-OMIC (biological analysis) sequencing, may significantly impact macroeconomic metrics over the next five to ten years. The firm’s CEO and CIO, Catherine Wood, noted that the convergence of these technologies is expected to drive substantial growth. Wood stated, “Interest rates are likely to surprise on the low side of expectations, broadening the…
Bitcoin’s steady rise allows altcoins like VET to follow its bullish path ahead. VeChain’s improved ecosystem could lead to a much larger pump than expected. Analyst walks new VET holders through the many intricacies of the VeChain ecosystem. Altcoins continue their steady rally alongside Bitcoin’s bullish sideways movements. With Bitcoin having claimed the $65,000 mark, analysts expect higher highs to unfold as we head into Q4 of 2024. This could also usher in altseason which will take many altcoins to new ATHs. In particular, many altcoins are all reacting bullishly. Altcoin price charts are already printing bullish signals from the…
Tesla CEO and billionaire Elon Musk has cemented his role as a significant force in the 2024 US presidential election by contributing $75 million to a pro-Donald Trump super PAC. Federal Election Commission filings released on Tuesday revealed Musk’s donations of $15 million in July, $30 million in August, and another $30 million in September, making him the exclusive donor for America PAC during this period. America PAC has already spent about $72 million of Musk’s contributions on voter engagement, focusing on individuals who have expressed support for Trump but may not consistently vote. The group’s ambitious strategy includes making…
The Open Network (TON) Blockchain is set to enhance its scalability and adoption through a new integration with Axelar’s Mobius Development Stack (MDS). This integration brings seamless access to over 68 blockchains, allowing projects to scale and connect effortlessly within the multi-chain ecosystem. Moreover, the Axelar MDS will provide the TON community with a powerful open interoperability platform, fostering broader Web3 adoption. TON will integrate with @axelar’s Mobius Development Stack (MDS), bringing their open interoperability platform to our ecosystem! 🌐MDS will allow projects to connect seamlessly to 68+ blockchains, enhancing scalability and adoption.This integration has the potential to link… pic.twitter.com/uz9sXMSI0E…
Analysts have raised Bitcoin’s price target to $112,000 following a spike in exchange-traded fund (ETF) inflows. This increased activity suggests bullish sentiment among institutional investors, potentially driving the cryptocurrency to new highs. Bitcoin ETF Inflows to Trigger Price Boost SpotOnChain analysts reported significant inflows into Bitcoin ETFs. Bitcoin’s net flow turned positive, with $39 million in inflows, reversing previous weak volumes. In contrast, Ethereum ETFs saw net outflows for the second consecutive day, with Grayscale’s ETHE experiencing a $20 million outflow, while other US Ethereum ETFs had zero net flow. Bitcoin and Ethereum ETF Inflows. Source: SpotOnChain The positive inflows…
Polymarket bettors have challenged the resolution of a market titled “Will Trump launch a coin before the election?” calling the outcome a colossal blunder. Whether former U.S. President Donald Trump would launch a cryptocurrency before Nov. 4 stirred up controversy on Polymarket’s prediction platform. The contract, with over $50 million in trading volume, appeared set to reach a “Yes” resolution. “Will Trump launch a coin before the election?” prediction contract | Source: Polymarket Holders of “Yes” shares formed the largest group in this market. A single user in this category owned over 8.3 million shares, suggesting that person spent thousands…
South Korean investors, who are quite influential in the cryptocurrency market, have moved away from Bitcoin and towards altcoins. The reason for South Korean investors moving away from Bitcoin was cited as the negative Bitcoin Korea premium index of CryptoQuant. CryptoQuant’s Bitcoin Korea premium index, which measures the price difference between Korean and overseas exchanges, turned negative and fell to -0.55, reflecting the deepest decline since October 2023, data showed. This means that the Bitcoin price on Korean exchanges is trading at its biggest discount since October 2023, meaning lower. The fact that the BTC price was traded at a…
While various politicians have voiced support for crypto, a Coinbase executive is urging the industry to take note of how candidates elaborate on the topic. While the upcoming presidential election’s outcome is likely to be consequential for the crypto community, it has already been “an extraordinarily successful election year” for the segment, Coinbase Chief Policy Officer Faryar Shirzad said. “Whatever happens on Election Day will be just additive to the success we’ve already had by putting ourselves on the main political stage,” the executive noted during an interview with Blockworks last week at Permissionless. Read more: Politics and memecoins drive…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For years, blockchain interoperability has been a buzzword and a top priority within the crypto and web3 industry. Despite numerous platforms, protocols, and projects dedicated to solving the lack of inter-blockchain communication, broad interoperability within the widening ecosystem remains out of reach. You might also like: DeFi needs more interoperability, not apps or infra | Opinion Despite the up-and-down crypto price swings we’ve seen lately, the foundation of the digital assets sector, which includes blockchain, is much…