Author: NBTC
Bitcoin (BTC) has slumped back to $95,000 after coming within a few hundred dollars of passing the symbolic $100,000 price level. But the largest cryptocurrency is only catching its breath before surging to newer heights, according to investment management firm ARK Invest. “We’re more or less anticipating $104,000 to $124,000 price targets by end of year,” David Puell, one of the firm’s research associates, told CoinDesk in an interview. “With the caveat that it’s not a recommendation, but so far, price action has kept up to that projection quite nicely.” Puell’s calculus is based on bitcoin’s seasonality — a term…
In a recent interview with Indian media outlet Money Control, billionaire Tim Draper said that Bitcoin, the leading cryptocurrency, is still “cheap” despite recently approaching the $100,000 level. Draper, who is known for betting early on such groundbreaking companies as Skype, has predicted that Bitcoin could potentially become the world’s dominant currency. This will significantly reduce the demand for fiat currencies, according to the prominent investor. Even though Bitcoin’s market cap is now approaching $2 trillion, Draper has noted that the largest cryptocurrency is still relatively small compared to the global economy. In fact, Draper believes that the price of…
Per a tweet issued by the Shibburn data tracker earlier today, the Shiba Inu community has been able to propel the burn rate up to a significant level over the past 24 hours. Meanwhile, all the eyes of the SHIB community have been on the price, as it has been striving to break above the $0.000033 resistance once again this week. Burn rate jumps 2,542% The aforesaid platform revealed that over the past day, the SHIB burn rate has experienced a jump by more than 2,500%, with a total of 68,170,710 SHIB meme coins removed from the circulating supply. That…
Cryptocurrency analytics firm CryptoCon has made a bold prediction for Bitcoin, declaring November 28 as the start of a new bull market. According to CryptoCon, this date holds historical significance as the anniversary of Bitcoin’s first halving and serves as a crucial marker for Bitcoin’s market cycles. The company introduced its “November 28 Cycles Theory,” now renamed the “Half-Cycles Theory,” in January 2023. The theory suggests that Bitcoin’s price movements and market cycles are centered around this date, predicting bottoms, tops, and key transition phases with remarkable accuracy. CryptoCon’s theory has been consistent with Bitcoin’s price performance so far. He…
Dog-themed cryptocurrency Dogecoin (DOGE) has turned 11 years old. Dogecoin was created on December 6, 2013, by software engineers Billy Markus and Jackson Palmer. What started as a joke eleven years ago has since grown into a significant player in the crypto space, capturing the hearts of many with its fun and friendly approach. To mark its 11th anniversary, the crypto community led by the official Dogecoin X handle has taken to social media to share celebrations for the original meme coin. pic.twitter.com/eVoOv7bNK0 — Dogecoin (@dogecoin) December 6, 2024 A highlight of this year was the passing of Kabosu, the…
Bitcoin price is on the verge of a historic breakout, fueled by a convergence of factors that signal strong bullish momentum. Here are three key reasons why the BTC price could reach $100,000 this week. 1. Institutional Demand to Fuel Bitcoin Price Surge Institutional inflows into Bitcoin ETFs have surged, signaling strong interest from major financial players. On November 27, Bitcoin ETF inflows totaled $103 million, with Fidelity contributing $40.2 million and Bitwise $48 million. These consistent inflows demonstrate growing confidence in Bitcoin as an institutional-grade asset. Meanwhile, BlackRock, the world’s largest asset manager, saw zero flows. Nonetheless, owing to…
aelf blockchain has partnered with Alchemy Pay to offer users zero fees for on-ramping $ELF tokens. This exciting news was shared on aelf’s X account. The idea of the partnership is to allow users to purchase $ELF with fiat currency without the intervention of any other fees. aelf🤝@AlchemyPayWe’re teaming up with Alchemy Pay to bring you ZERO fees to on-ramp $ELF!For this limited time, grab $ELF using #fiat with ultimate convenience at no cost.🚀✨🗓️Dec 5 – Dec 31, 2024👉Load your $ELF here: https://t.co/PWjhaakvyC pic.twitter.com/hcUve9dqEP — aelf (@aelfblockchain) December 5, 2024 aelf Launches Christmas2024 Promotion with No Ramp Fees for $ELF…
After retesting the levels below $95k, Bitcoin has now hit reverse and is trading close to the $97k level at the time of writing. Despite erasing the gains made in the past seven days, BTC bulls are now eyeing the $100k crucial level. Weekly Chart Bullish Outlook The weekly Bitcoin chart shows that we are still in the early stages of a major bull market, with a signal confirmed about two months ago. Historically, such signals can last for months, potentially into 2025. However, even in a long-term bull market, Bitcoin may experience short-term corrections or sideways movements. Resistance Levels…
Anyone who has interacted with the Remilia community will know they’ve created one of the most confusing and self-referential corners of the internet. The upcoming CULT token launch is no different. Since the token was first announced there has been a pre-sale and tons of deep fried memes—but not much else. A Telegram channel is currently packed with 5,000 people spamming a slot machine emoji over and over. If you ask when the token is coming, you simply hear the answer, “don’t worry about it.” So, what is going on? don’t worry about it <33 $cult pic.twitter.com/5nDYYJi3VF — 𝖑𝖔𝖑𝖆 𝖑𝖔𝖙𝖚𝖘…
Bitcoin price is recovering higher above the $95,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,000 level. Bitcoin started a fresh increase above the $95,000 zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle with resistance at $95,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $97,000 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price remained stable above the $93,500 zone. BTC formed a…