Altcoin News by Thebittimes.Com

Bitcoin’s (BTC) bullish ‘Uptober’ reputation was shattered this year after the cryptocurrency ended October with a nearly 4% loss, marking its worst October performance since 2014. Now, according to cryptocurrency analyst and TradingView contributor TradingShot, the weak monthly close may signal the start of a deeper correction, potentially sending Bitcoin toward the $87,000 region in the weeks ahead. Bitcoin price analysis chart. Source: Finbold The analyst pointed to a fractal pattern mirroring Bitcoin’s price action between December 2024 and February 2025. During that period, BTC rejected a descending trendline, lost its higher-lows support structure, and ultimately fell roughly 32% from its all-time high.  The recent move, marked by a rejection at the 1-day 50-day moving average (MA), resistance on a descending highs trendline, and stalling at the 0.5 Fibonacci retracement, closely resembles that earlier setup. Notably, since mid-August, Bitcoin has made ...

The Shiba Inu [SHIB] market saw a notable spike with the start of the weekend. The meme coin surged by nearly 5% over the past 24 hours. At press time, SHIB was trading at $0.00001721. It should be noted that the asset was trading at a low of $0.00001645, earlier today. This sudden spike in the meme coin’s price restored hope among its investors. Many think the asset has a good chance of reaching the one-cent milestone. Some even speculated the possibility of SHIB reaching the 2-cent mark. Source When Can Shiba Inu Surge to 2 Cents? To achieve this milestone, Shiba Inu is required to touch several other levels. The first stop is the asset’s all-time high of $0.00008845, which hit about three years ago on Oct. 28, 2021. SHIB is currently 80.52% below this peak. According to data from Telegaon, this feat can be attained in the year 2026. The next stop is at 1 cent. Investors have been eagerly waiting for Shiba Inu to rally to 1 cent. But this road appears to be challenging. De...

The cryptocurrency market saw a slight recovery following its recent bloodbath. Several assets were getting back on track and were pocketing gains. Large-cap assets like Shiba Inu [SHIB] and Dogecoin [DOGE] were leading this recovery. At press time, SHIB was trading at $0.00001875 following a 3.30% rise in the past 24 hours. DOGE was priced at $0.1255 with a 1.92% increase. Bitcoin [BTC], however, barely pocketed profits as it continued trading at $65,295. Santiment, a popular on-chain analytics firm revealed that most assets in the market were currently undervalued. This means that these crypto currencies were trading at a lower price than their inherent value. Using the MVRV indicator, Santiment said that Shiba Inu and Dogecoin were the most bullish assets. Bitcoin is also bullish, but the meme coins were considered more profitable than BTC. Also Read: Rags to Riches: Shiba Inu Made $1,000 Turn into $10 Million Source The firm also noted that assets with a lower 30-d...

The Shiba Inu [SHIB] community has several predictions about the meme coin. Some suggest 1 cent is closer than it appears. But a few others are envisioning a $1 trillion market cap for the asset. At press time, SHIB was trading at $0.00001903 following a 9.13% daily drop. The market cap of the altcoin reflected a similar trend and was at $11.3 billion. The founder of Trading Strategy Guides, Casey Stubbs, recently brought back hope into the market with his latest prediction. Stubbs noted that the SHIB market could hit $1 trillion. This certainly seems far-fetched. But the analyst suggested that Shibarium, Shiba Inu’s Layer-2 could drive the value of the network. I am envisioning a day where there are thousands of shib and bone pairs trading on shib arium with billions of dollars worth of transactions daily and trillion dollar market cap. https://t.co/puSwMgBWoP — Casey Stubbs (@caseystubbs) June 16, 2024 He noted that the volume would surge when thousands...

The market has not been kind to Shiba Inu [SHIB] recently. Despite previous gains, SHIB prices have dipped significantly. At press time SHIB is down 7.57% from its May 16 high of $0.00002588. The asset is not trading at $0.00002388 after a 6.75% daily drop. This decrease keeps it well below its yearly peak of $0.000045. Source Shiba Inu had an extraordinary performance in 2021, leading several to anticipate ongoing growth. However, the broader cryptocurrency market’s downturn in 2022 and early 2023 severely impacted SHIB. It further caused its value to drop by nearly 90%. This decline mirrored the broader market sentiment that lost more than half its value during the bear market. Also Read: PEPE vs. Shiba Inu: The Battle for Meme Coin Supremacy Revisiting the 1 Cent Dream Despite these hurdles, investors still dream of SHIB reaching the $0.01 mark. This ‘1 Cent Dream’ holds the promise of substantial returns, potentially making many current holders m...

Nervos Network (CKB) is the only crypto currency with an overbought daily Relative Strength Index (RSI) in the market. Investors wonder if this is a sell signal or significant evidence of strength for CKB, considering overall conditions. Notably, Nervos Network’s native token is overbought in CoinGlass ‘s three higher time frames, according to data retrieved on April 10. CKB has a 74.98 4-hour RSI, 78.5 on the daily, and 78.8 for the weekly chart.  Interestingly, it is the only cryptocurrency with an overbought Relative Strength Indicator in the 24-hour heatmap. Meanwhile, other cryptocurrencies display a neutral average of 46.82 index points. Picks for you Here's how to turn $1k to $1 million during this crypto cycle 2 hours ago This Solana trader made from $530k to $6 million amid uncertainties 2 hours ago US recession is 'delayed but still coming' warns Chief Strategist 2 hours ago What’s happening with Brazilian Real v...

The cryptocurrency market is awaiting the Bitcoin halving event that could lead coins to a surge in price. The Bitcoin halving event is scheduled to take place on April 20, 2024, and the development will cut BTC’s supply in half. The move will make BTC scarcely available in the market which could make it sustainably scale up in the indices. Also Read: Shiba Inu: SHIB Forecasted To Repeat Its 2021 Bull Run Pattern Now that the Bitcoin halving event is getting closer, 3 coins could benefit from the development and surge in price. In this article, we will highlight the top 3 coins that could double in price in April 2024 and spike 100% in the charts. Cryptocurrency Market: 3 Coins Could Rise 100% in April 2024 Shiba Inu (SHIB) Source: Unsplash Shiba Inu (SHIB) is currently trading at the $0.00002 level after falling from a high of $0.00004 last month. Pseudonymous cryptocurrency analyst ‘Rekt Capital‘ predicted on Twitter that SHIB could rally this month like did in...

Donald Trump has gradually shifted his stance on the crypto currency market. The presidential candidate has moved from believing that “Bitcoin (BTC) is a scam” to a more friendly position regarding paying with Bitcoin and other crypto currencies. In a recent interview on March 11 on CNBC , Donald Trump revealed that he “sometimes let people pay in Bitcoin.” The shocking revelation came after the former U.S. president said he has had “some fun” and “made some money” with cryptocurrencies. However, when asked if he had bought Bitcoin, Trump laughed and denied any purchases of the leading cryptocurrency. Picks for you New AI crypto opportunity at $0.01 for investors who missed AGIX and FET soar 21 mins ago How much Elon Musk would have if he bought Bitcoin instead of Twitter 44 mins ago London Stock Exchange welcomes Bitcoin and Ethereum exchange-traded notes 2 hours ago Hospitality rebound: The hotel REIT capitalizing on travel's return 3 hours ago ...

The cryptocurrency market is rallying hard this week after Bitcoin climbed above the $62,000 mark. Leading coins like VeChain’s VET, Cardano’s ADA, Ripple’s XRP, Dogecoin’s DOGE, and Shiba Inu’s SHIB reached new monthly highs. This is the right time to make decent profits and enjoy good returns while the sun is still shining. Investors are reaping all the profits after close to two years and the cryptocurrency market is brimming with fresh enthusiasm. In this article, we will highlight the top 3 coins that are trading under 20 Cents ($0.20) that can generate good returns. Also Read: Shiba Inu Can Reach 10 Cents ($0.10) If This Plays Out Cryptocurrency: Top 3 Coins That Can Deliver Good Returns Below 20 Cents ($0.20) Dogecoin (DOGE) Source: Twitter Leading meme crypto currency Dogecoin (DOGE) is the star of the week and the top-performing digital asset this month. It spiked nearly 50% in the last two weeks generating stellar profits for inves...

Amid the ever-changing landscape of the cryptocurrency market, followers of Ripple (XRP) are eagerly anticipating potential price movements in March 2024. Currently, XRP is amidst a downward trend, with its value hovering around $0.53. Speculation abounds regarding whether it will stabilize at $0.50 or initiate a recovery phase. Analyst Ali Martinez recently added fuel to the discussion, proposing that XRP could witness an ascent to $0.63 or even $0.65. Martinez, in a post on X, highlighted the Tom DeMark (TD) Sequential indicator as the basis for his optimistic forecast. However, Martinez tempered his outlook, stressing that XRP must surpass the $0.57 mark for his prediction to hold merit, signifying a critical validation point. The TD Sequential indicator has issued a buy signal on the $XRP weekly chart, indicating potential bullish momentum. If #XRP manages a sustained weekly close above $0.57, it could be the catalyst for a push toward $0.63 or even higher, reaching $0.65. p...

Cybersecurity experts at Cybertrace have issued an alert concerning a sophisticated deep fake video featuring Australian mining tycoon and entrepreneur Andrew “Twiggy” Forrest endorsing a fraudulent crypto trading platform on social media. The deceptive video, discovered on Facebook, entices viewers to join a sham platform named “Quantum AI,” promising substantial daily earnings for “ordinary people.” Cybertrace identifies Quantum AI as a term frequently linked with scams and financial deceit. Dan Halpin, CEO of Cybertrace, expressed concerns to The Australian, suggesting that the deep fake’s convincing nature, attributed to its length and sales-oriented repetition, could easily mislead individuals. The counterfeit video manipulates Forrest’s appearance and mannerisms from a Rhodes Trust “fireside chat” in October, showcasing him promoting a fraudulent crypto trading software. Cybertrace Investigators have identified a #...

DZ Bank, Germany’s second-largest financial institution, plans to launch a cryptocurrency trading pilot. Souad Benkredda, a board member at DZ Bank, stated that the Frankfurt-based bank aims to offer a variety of cryptocurrencies. The initiative is designed for customers who prefer to invest independently without seeking financial advice. “According to a study by the Genoverband, every second bank wants to offer this solution for their customers.” Souad Benkredda in an interview with Bloomberg You might also like: Jupiter airdrop farmer earns $1.1m using thousands of wallets However, Benkredda noted that the decision to adopt such a service ultimately rests with each individual institution. Genoverband is a key auditing and consulting body for over 2,500 cooperative organizations. With assets under management amounting to $627 billion, DZ Bank has already taken steps into cryptocurrency. In November, the bank launched a cryptocurrency custody platform with Ripple....

The European Securities and Markets Authority (ESMA) has recently called for public feedback to help shape the criteria for classifying cryptocurrency assets as financial instruments. The latest move follows the European Parliament’s passage of the Markets in Crypto Assets (MiCA) regulations in August last year, marking a significant step in the regulation of the crypto market in Europe. #ESMA publishes 2⃣ Consultations Papers on guidelines under Markets in Crypto Assets Regulation #MiCA: on reverse solicitation on the classification of crypto-assets as financial instruments ️ Send your comments by 29 April 2024https://t.co/PEosx4t3UO pic.twitter.com/v31nWMUEcu — ESMA – EU Securities Markets Regulator (@ESMAComms) January 29, 2024 The ESMA’s request for input is part of an ongoing discussion about how to effectively regulate the burgeoning crypto industry in Europe. The authority highlighted the challenge of applying a standardized test to determine wh...

In a notable achievement for the Shiba Inu community, the development team has formally declared the initiation of the eagerly awaited automated SHIB token-burning mechanism. This revolutionary feature, in the 11th edition of the Shiba Inu Magazine, will enhance the network’s economic model. It will strategically diminish the SHIB token supply, potentially boosting the overall value of SHIB. Anticipated Testnet Deployment The path towards automation will mostly commence this month. The Shiba Inu team discloses intentions to roll out the automated SHIB token burn system on Puppynet for thorough testing. This pivotal initial phase seeks to refine the mechanism, ensure operational efficiency, and reinforce reliability before transitioning to the Mainnet. During the testing phase on Puppynet, users can anticipate witnessing various enhancements as the SHIB team fine-tunes the automated burn process. These improvements are carefully crafted to optimize performance and transparency...