Altcoin News by Thebittimes.Com

Veteran trader Peter Brandt says the dogecoin bear market that began in May last year has ended. His comment came after the price of dogecoin soared following Tesla CEO Elon Musk’s acquisition of the social media platform Twitter. Peter Brandt on Dogecoin Outlook Veteran trader Peter Brandt shared his analysis of dogecoin (DOGE) Sunday. Brandt has been a futures and FX career trader since 1975. He is a chartist and the author of the Factor Report. He trades a variety of markets, including Dow futures, bonds, corn, crude oil, European wheat, Osaka Dow, U.S. dollar, and sugar. Tweeting a chart of DOGE, Brandt wrote: “This is called a bear channel, the upside violation of which has ended the bear market that began at the May 2021 high.” However, Brandt followed up with another tweet, warning traders not to fall for the common mistake of assuming that the end of a bear market automatically means a bull market has begun. He cautioned: A common mistake made by novi...

Shiba Inu has dropped by 0.6% over the past 24 hours. At the time of writing, the meme coin was trading at $0.00001004. SHIB has dropped by 12% over the past two weeks, according to data from CoinGecko. Shiba Inu price analysis SHIB has been on a sharp bearish streak, as seen in the meme coin' s notable decline of 64% on a year-to-date (YTD) basis. SHIB has lost 88% of its value since reaching an all-time high in October 2021. During the past 24 hours, SHIB has reported slight volatility, with the price trading between $0.00000979 and $0.00001017. The lack of significant price movements stems from the performance of the broader cryptocurrency market. The global cryptocurrency market cap currently stands at $957 billion. Over the past 24 hours, SHIB has reported trading volumes of over $184 million, showing that the buying and selling momentum is not as high as it usually is when strong price movements are recorded. Nevertheless, SHIB's lack of performance mi...

Prominent crypto exchange, Binance has been zooming through the bear market with an array of its initiatives. Now, once again, the exchange decided to extend support to the Bitcoin [BTC] mining industry. In a recent blog post, Binance Pool revealed that it formulated a $500 million lending project for Bitcoin miners. This included both private and public miners. Through this initiative, the exchange intends to provide loans to these miners. However, the miners will be required to present security to attain the loan, which will last between 18 and 24 months, in the form of tangible or digital assets. In addition to this, these loans will entail interest rates ranging from 5 to 10 percent. This wasn’t the only thing that was part of Binance Pool’s latest initiative. The blog post noted that the exchange intends to roll out cloud mining products. Elaborating on the same Binance wrote, “As the cloud mining hash power will be directly purchased from bitcoin mi...

Join Our Telegram channel to stay up to date on breaking news coverage As the all-time highs from the previous two-year bull market fade and a new bear market appears to be settling in, only talented individuals with strong convictions will be able to find the motivation to devote themselves full-time to Web3, blockchain, and crypto. Many curious professionals with an interest in disruptive technology have flirted with the idea of working for startups in the space during the good years of a rising crypto market. Because there are a limited number of people with the experience required to navigate this fast-paced industry and willing to embark on a new project, the demand for talent usually outpaces the supply. Bull markets attract talent and educate newcomers about what can be accomplished with this disruptive technology. Bear markets put even the most steadfast minds to the test, rewarding those who are patient enough to wait. As the industry expands over time, more talent wi...