Arman Shirinyan Cryptocurrency market remains euphoric, and it is not clear how long it will carry on Read U.TODAY on Google News Solana has been a standout in the cryptocurrency space as a formidable competitor to Ethereum, especially in terms of transaction fees. As the market anticipates a reversal from recent pullbacks, many are eyeing SOL for its potential to rally.The price chart indicates that SOL has been maintaining a strong uptrend, supported by a series of higher lows and higher highs, a bullish indicator in market technicals. The moving averages have positioned themselves in a manner that suggests sustained…
Author: Web3 Daily Press Staff
Mar 4, 6:54 pmDecryptBitcoin’s Rise to $65,000 Is Driving Gains for Bitcoin Cash, Bitcoin Satoshi’s Vision, and BRC-20 TokensBitcoin has surged past $65,000 and is approaching its all-time high of $69,000. This upward momentum is also benefiting Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV), which have seen significant gains. Additionally, BRC-20 tokens like Ordi (ORDI), SATS (1000SATS), and Multibit (MUBI) are experiencing strong rallies, thanks to the capabilities of the BRC-20 protocol. This news is republished from another source. You can check the original article here
Binance (BNB): Integration With the Blast NetworkBinance (BNB) has been making headlines recently. Most notably, Binance announced that its Web3 Wallet has now integrated with the Blast Network. At the moment, anyone may use the wallet to access many dApps or transfer tokens to and from the network.This Binance news may trigger a rally for this crypto. This top 5 cryptocurrency has seen a value jump from $300 to $419 in the past 30 days alone. During that time, the Binance coin market cap surged from $44.92B to $62.70B.Sentiment for this crypto is also bullish, as Binance has experienced 20/30…
Liquid restaking protocols, like Swell, aim to boost yield on staked Ether by restaking user deposits across a basket of EigenLayer-based protocols.Assessing the risks and rewards of those protocols remains challenging because of the uncertainties regarding token rewards and fee generation.EigenLayer has quickly become the second-largest protocol on the Ethereum blockchain as investors have rushed in, hoping to earn a handsome annual yield after its full launch later this year.For another set of protocols that funnel money into EigenLayer — so-called liquid restaking protocols, which cumulatively held about $5.3 billion in crypto Tuesday — figuring out how to protect that…
By Joe Tidy & Liv McMahonCyber correspondent & Technology reporter5 March 2024Updated 3 hours agoImage source, Getty ImagesThe price of the world’s largest cryptocurrency, Bitcoin, briefly hit a new all-time high of more than $69,000.It surpassed the previous record set in November 2021 – though by 2022 Bitcoin’s value had sunk to $16,500.The new surge in price has been spurred by US finance giants pouring billions into buying bitcoins.The cryptocurrency rose to around $69,200 shortly after 15:00 GMT on Tuesday, before falling back. It was trading around $62,185 by 21:00 GMT.Bitcoin’s value has spiked by more than 50% over the…
In this edition of the Bloomberg Crypto newsletter, Katie Greifeld parses the difference between “solicited” and “unsolicited” when it comes to brokerages and Bitcoin ETFs.Wall Street’s begrudging embrace of Bitcoin is good enough for all-time highs, with the world’s largest cryptocurrency briefly crossing above $69,000 on Tuesday before a wave of profit-taking dragged it lower. This news is republished from another source. You can check the original article here
Litecoin Falls 11% In Rout Investing.com – Litecoin was trading at $80.238 by 14:53 (19:53 GMT) on the Investing.com Index on Tuesday, down 10.57% on the day. It was the largest one-day percentage loss since January 3. The move downwards pushed Litecoin’s market cap down to $6.141B, or 0.26% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $80.040 to $91.785 in the previous twenty-four hours. Over the past seven days, Litecoin has seen a rise in value, as it gained 11.32%. The volume of Litecoin traded in…
Source: Maria Shipakina / Shutterstock.com No longer just a wildly speculative meme coin, Shiba Inu (SHIB-USD) now commands serious respect among cryptocurrency speculators. As of this writing, the SHIB crypto is now ranked 10th among cryptos in terms of market capitalization. This news arrives after the benchmark digital asset Bitcoin (BTC-USD) recently set a new all-time high, thereby lifting all boats in the sector. According to The Wall Street Journal, Bitcoin “briefly crossed” the $69,000 mark today. This performance has beat its previous high of $68,990 set on Nov. 10, 2021. With the U.S. Securities and Exchange Commission (SEC) recently…
OpenAI’s ChatGPT, a Large Language Model (LLM) chatbot, has shared its forecast regarding VeChain price and Litecoin Trend prospective price movement following the impending Bitcoin halving event. The halving is a planned event in the Bitcoin protocol that would cut the quantity of new bitcoins created by block rewards by 50%. It is anticipated to happen in April 2024. Significant price increases for Bitcoin have traditionally been linked to this event, and some analysts think it might start a larger cryptocurrency market surge. The rise of BlockDAG (BDAG), a brand-new Proof-of-Work project that has investors giddy with anticipation due to…
The dollar-pegged stablecoin has added $10 billion in market value since December, fueled by bullishness about cryptocurrencies, especially bitcoin. Tether is the world’s most popular stablecoin. (Shutterstock) Posted March 5, 2024 at 4:17 pm EST. Tether (USDT), the world’s largest stablecoin, crossed the $100 billion market capitalization mark for the first time on Monday evening, according to CoinMarketCap data. USDT has added $10 billion to its valuation since early December, fueled by bullishness about cryptocurrencies, particularly bitcoin. Tether’s market cap continued to rise above and below the $100 billion market cap level multiple times on Tuesday, and was recently sitting…