Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, climbed comfortably above the $68,000 mark early Tuesday. Its all-time high of $69,000 approaches slowly and given the current rally, it is largely expected that BTC will chart new heights soon. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board. Memecoin Shiba Inu (SHIB) emerged as the biggest gainer of the lot, with a 24-hour jump of over 97 percent. Fantom (FTM), on the other hand, became the biggest loser, with…
Author: Web3 Daily Press Staff
Read U.TODAY on Google News Bitcoin is showcasing a robust trend that indicates a potential trajectory toward the $70,000 mark. The current price action reflects strong bullish sentiment, and if the momentum is sustained, Bitcoin could very well be on its way to setting a new all-time high.A technical analysis of Bitcoin’s chart reveals that it has been consistently forming higher highs and higher lows — a classic indicator of a bullish trend. The moving averages are aligned in a way that supports continued growth, with the short-term averages above the longer-term ones, suggesting that the immediate trend is upward.Bitcoin/USD…
Godfrey Benjamin VeChain (VET) floats two new tokens as it drives sustainability agenda Read U.TODAY on Google News VeChain (VET) is looking to end the month of February in grand style, with its best monthly close since its inception. Per data from CoinMarketCap as of the time of writing, VET is up by 4.05% in 24 hours to $0.05051. Over the past month, VET has soared by more than 80%, the highest monthly close it has recorded since it made its mainnet market debut in 2018.Consolidating milestoneTo consolidate the milestone, VeChain has announced its next moves toward achieving its sustainability agenda,…
The prominent US news outlet, The Wall Street Journal (WSJ), reportedly faces a defamation lawsuit regarding a 2023 crypto article. This information emerged from a report by an investigative platform, OffshoreAlert. WSJ published an article about Tether and Bitfinex’s challenges in accessing the global banking system. The article suggested that the two companies use illegal documents, shady intermediaries, and shell entities to maintain accessibility. As a result, the founder of AML Global Ltd, Christopher Harborne, filed the lawsuit against WSJ’s parent firm, Dow Jones $ Company, on February 28 in Delaware Superior Court. But in response to the lawsuit, WSJ…
Arslan Butt Index & Commodity Analyst Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across…
Bitcoin NFTs surged, outselling Ethereum with an 80% weekly increase. NodeMonkes propelled the growth, while BTC saw green. In the past week, sales of Bitcoin [BTC] NFTs have exceeded those of Ethereum [ETH], thanks to a sudden surge in Bitcoin Ordinals-based NFT collections. The NodeMonkes collection has played a significant role in driving this increase. NFT season Bitcoin NFT sales experienced an impressive 80% week-over-week surge, reaching $168.5 million. Remarkably, three of the top five best-selling NFT collections during the week were based on Bitcoin Ordinals. In comparison, Ethereum’s NFT sales amounted to $162 million, according to AMBCrypto’s analysis of…
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The growth curve of DeFi protocols providing exposure to U.S. treasuries has stagnated. These products were anticipated to remain cold in the coming months. Tokenized U.S. treasuries were one of the biggest success stories in decentralized finance (DeFi) during last year’s bear market. By issuing them as on-chain assets, DeFi users gained access to one of the safest and most reliable investment vehicles in the traditional market. However, since the beginning of 2024, investors’ appetite for such projects has dipped considerably, with most getting drawn towards returns offered by riskier investments such as cryptocurrencies. Bitcoin’s gain is tokenized treasuries’ pain…
The current crypto market is ablaze with excitement with the likes of Chainlink (LINK) and Tron (TRON) contending for a spot among the top ten crypto coins by market capital, whilst challenging the dominance of DOGE. Chainlink token, in particular, has shown remarkable progress since the start of the year. Despite a minor dip to $13 in early January, the token has surged and now stands firmly above the $19 price mark. However, it currently faces challenges in maintaining support levels. In a different landscape, NEAR Protocol (NEAR) token is making strides towards higher levels, showcasing a bullish trend over…
Cardano Price Prediction: Can ADA Hit $1 in March? BeInCrypto This news is republished from another source. You can check the original article here