Chain News Today TheBitTimes.com

Investor Brian Kelly warns Bitcoin (BTC) may soon suffer a significant market correction after soaring into the $60,000 range. In a new interview on CNBC’s Fast Money, the founder and CEO of digital asset investment firm BKCM says Bitcoin could decline to around $43,000, a 30% drop from its current value. “This is an asset that is still extremely volatile. If it pulled back 25% or 30% wouldn’t surprise me at all, but long run I still think we go to new highs.” Kelly believes that if Bitcoin corrects, people may funnel money they earned from the crypto king’s recent rally and pour it into other digital assets, which could ignite massive rallies for several altcoin projects. “I do think there could be a rotation trade coming though, because we had a lot of excitement about Solana, and it ran into a little bit of headway. If [Wednesday] was this short-term top at $64,000 for Bitcoin, what typically happens in a bull cycle is all that money that was made in Bitcoin

Amid a wild ride for the majority of assets in the cryptocurrency sector this week that has seen Bitcoin (BTC) soar above the critical price level at $62,000, dog-themed meme crypto assets Shiba Inu (SHIB) and Dogecoin (DOGE) are recording double-digit advances. Indeed, the overall optimism in the crypto industry, which has pushed its total market capitalization to $2.34 trillion, has not only assisted in the flagship decentralized finance (DeFi) asset’s rally but has also led the two meme coins to advance over 25%, alongside other positive developments. Total crypto market cap 12-month chart. Source: CoinMarketCap Shiba Inu price analysis As it happens, Shiba Inu, Dogecoin’s largest competitor, has raced a massive 23.52% in a single day, increasing its price from $0.000011147 to $0.00001377 during this time, according to the most recent chart information retrieved by Finbold on February 29. Picked for you This Chinese EV maker's stock surged over 60% in February

The US spot BTC ETFs saw $7.69 billion in trading volumes on Wednesday. BlackRock’s iShares Bitcoin Trust ETF (IBIT) claimed 43.5% of the daily total volume. Grayscale’s GBTC and Fidelity’s FBTC took the second and third spots, respectively. The newly approved ten spot Bitcoin exchange-traded funds (ETFs) in the United States have broken their previous records of trading volumes. The offerings saw a whopping $7.69 billion being traded on Wednesday, breaking their volume record by over one and a half times.  Bloomberg ETF analyst James Seyffart confirmed the development, noting that BlackRock’s iShares Bitcoin Trust (IBIT) claimed 43.5% of the total volume with $3.35 billion, effectively doubling its previous daily record.  The Grayscale Bitcoin Trust (GBTC), securing the second spot, recorded $1.86 billion in trading volume. In comparison, the Fidelity Wise Origin Bitcoin Fund (FBTC) took the third position with $1.44 billion, also doubling its volume rec

Uncertainty is the only certainty in the crypto market, and amidst this, four gainers have proved their worth: IOTA, Conflux, XRP, and Polkadot. With a current price of $0.293233, IOTA showcases a 4.66% surge in the past 24 hours and aims for complete decentralization with its impending 2.0 launch in 2024. Conflux, trading at $0.261392, boasts a 24-hour surge of +3.30% and high liquidity, with a volume-to-market cap ratio of 0.1567. XRP, priced at $0.579579, has seen a 54% increase over the past year and showcases high liquidity with a volume-to-market cap ratio of 0.1267. Polkadot, priced at $8.26, has seen a 26% increase over the past year and trades 30.33% above the 200-day SMA, reflecting positive market sentiment. Biggest Crypto Gainers Today – Top List Crypto markets operate around the clock, a relentless dance of bulls and bears. In the last 24 hours, trading volume hit $322.40B. The market sentiment is bullish, with the Fear & Greed Index at 82 (Extreme Greed). While 48%

Feb 28, 2024 at 10:07 // Price Author Coin Idol The price of Ethereum (ETH) has continued to rise after remaining above the psychological price barrier of $3,000 for some time. Long-term analysis of the Ethereum price: bullish In the first bullish March, the bulls retested the $3,000 high from February 20, 2024. It took the bulls another five days to break and surpass the $3,000 mark. The buyers have the advantage when it comes to driving Ethereum (ETH, Ether) back to its previous high. At the time of writing, Ether is now worth $3,254. The uptrend encounters initi

Enterprise blockchain solutions provider Ripple announced a new partnership this week with digital asset management leader Zoniqx, formerly Tassets. The strategic alliance integrates Ripple’s efficient XRP Ledger (XRPL) infrastructure with Zoniqx’s cutting-edge tokenization platforms. The collaboration aims to simplify issuing real-world asset tokens on the high-speed XRPL blockchain, which supports both native XRP and customizable tokens. By combining XRPL’s low-cost platform with Zoniqx’s tokenization solutions, the partners seek to make traditionally illiquid assets more efficient, accessible, and liquid in digital markets. Also read: MicroStrategy Bitcoin Investment Now at $4.65B Unrealized Profit. The integration effectively allows multi-asset tokenization directly on the XRP Ledger, leveraging its innate scaling capabilities and low fees to maximize efficiency advantages. Zoniqx also ensures regulatory compliance and interoperability using its proprietary Dynamic Comp

With the renewed popularity of GameFi projects, crypto currencies like Axie Infinity (AXS) and Illuvium (ILV) have witnessed significant gains in the past few days, and another digital asset from this branch could soon join the crowd and therefore provide a great opportunity for investing. Specifically, pseudonymous crypto market analyst Crypto Tony has observed that BRN Metaverse (BRN), a token and game project designed for the metaverse, GameFi, and Web3 areas, is getting ready to become “a hot run next,” as he said in an X post published on February 27. BRN price action analysis. Source: Crypto Tony Indeed, this crypto asset is showing some optimistic signs for its future price, including its 100-day and 200-day exponential moving averages (EMAs), as well as simple moving averages (SMAs) pointing at a ‘buy’ sentiment, alongside a positive 10-day momentum. Picked for you 3 crypto currencies under $0.10 to buy this week 1 hour ago ChatGPT 3.5 vs. ChatGPT-4 Bit

In a situation fairly uncommon for the crypto market, there has been little to no uncertainty as to the mid-term trajectory of Bitcoin (BTC).  Generally, the prevailing sentiment has been that the world’s foremost cryptocurrency will be slowly rallying over the course of several months and that BTC will – at least one point – enter a parabolic rise before the spring is out. So far, these predictions, largely driven by the halving event  – due in slightly less than two months – have proven correct, and Bitcoin has spent much of 2024 – and much of the final quarter of 2023 – rallying. Picked for you Bitcoin on parabolic trajectory, on track to hit $200k soon 13 mins ago We asked ChatGPT-4 what will be Bitcoin price after 2024 halving 20 hours ago Kusama reveals BEEFY upgrade to enable seamless blockchain verification on Ethereum and other EVM networks 20 hours ago Andrew Tate slams crypto enthusiasts as ‘biggest degenerate losers on the planet’ 22 hours ag

In a recent significant development, a US judge handed down a ruling that determined Ripple’s XRP should not be classified as a security. However, the lawsuit still keeps dragging on with no proper closure date. As a result of this pivotal decision, the price of XRP experienced a remarkable surge in the market. However, the surge was short-lived. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.5348, with a 1.5% drop in value over the past 24 hours. XRP is down 4.6% over the last 7 days and 1.2% up in the last 30 days. Here is our price prediction for Ripple XRP for the weekend. Also read: Cryptocurrency: 3 Coins That Could Surge in March Source: CoinGecko XRP price prediction for the weekend Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for the weekend. According to the analysts, XRP is forecast to reach a minimum of $0.628 and a maximum of $0.727. The average price of XRP is expected to be $0

During Day 15 of the Crypto Open Patent Alliance (COPA) v. Craig Wright trial in the UK High Court of Justice, new evidence again overshadowed the actual court proceedings. As the world focused on reading hundreds of never-before-seen emails written by the mysterious creator of Bitcoin, Craig Wright returned to the stand for yet another day of testimony. Although he had some interesting things to say, most of the world focused on the information contained in old emails between Satoshi Nakamoto and early Bitcoin developers Martti Malmi and Adam Back. For context, COPA is asking London’s supreme court to enjoin Wright from asserting authorship and copyright over Bitcoin’s whitepaper. Alliance members want to prevent the Australian entrepreneur from continuing his multi-year litigation campaign against Bitcoin educators and Core developers.  And as the high-stakes lawsuit has proceeded, new evidence from the earliest days of Bitcoin has reached public view for the first time. Martti

Meme coins have consistently exhibited impressive performance, with the latest addition, Smog, seeing a remarkable 1,400% surge within just a few hours of its launch. Smog has garnered significant attention within the meme coin community this month following its fair launch on Jupiter DEX on February 7th. The airdrop-oriented meme coin witnessed substantial growth, reaching above $0.09 last week. However, with Bitcoin entering a period of range-bound price action this week, the value of $SMOG started to decline. Currently, the meme coin has been trading in a downward trend since the weekend, presenting an attractive buying opportunity for investors. Smog’s Mega Airdrop – Pioneering the Future of Meme Coins on Multiple Chains Smog aims to revolutionize the meme coin arena with its ambitious and rewarding airdrop initiative, touted as the ‘greatest airdrop of all time.’ This initiative involves the distribution of a significant 490 million tokens through active engagement in the Zea

The MACD turned negative, suggesting bearish momentum for BTC. A close above the $52,051 resistance could trigger a 26% Bitcoin rally. The report stated that interest rate cuts, alongside other factors, could drive BTC to $63,000. According to a report released by Matrixport, Bitcoin’s (BTC) price could hit $63,000 by March 2024. It is important to note that the digital asset management firm did not conclude without some reasons. In the report, Matrixport stated that there were underlying factors that could drive BTC higher than it currently is. One of the catalysts stated includes the approval of the spot Bitcoin ETF. Others were the potential interest rate cuts by the FOMC, the upcoming Bitcoin halving, and the 2024 U.S. presidential elections. Bitcoin to Fall First Bitcoin’s price at press time was $51,043. Therefore, Matrixport’s prediction meant that the coin could add another 26% before halving. From a technical point of view, BTC’s price coul