Altcoin News by Thebittimes.Com

On July 31, the Federal Open Market Committee (FOMC) will meet to decide on the Federal Reserve interest rate target. Expecting macroeconomic impacts, Finbold turned to artificial intelligence (AI) models for insights on Bitcoin (BTC) price and the cryptocurrency market. In each new meeting , the FOMC approaches the day it will finally start cutting the interest rate, as previously promised. Analysts expect this upcoming event will be positive for risk assets like cryptocurrencies and stocks, including Bitcoin. As of this writing, Bitcoin trades at $67,500, and the total crypto market cap is at $2.36 trillion. Picks for you XRP or Stellar (XLM)? We asked ChatGPT-4o which crypto is a better buy for 2024 32 mins ago 2 cryptocurrencies to re...

XRP is among the notable gainers in the crypto market after the token’s sustainability was questioned following a plunge below the $0.5 support zone. Based on its recent trajectory, crypto analyst Dark Defender has suggested that the token’s technical indicators point to extreme bullishness, signaling a potential breakout. In an X post on July 14, the Analysis began with a confirmation of a highly bullish reversal for XRP, marked by the weekly approval of the Fisher Indicator. This signal often indicates a significant shift in market sentiment, suggesting a potential rally in the coming weeks. Picks for you Andrew Tate’s top 3 investments for the end of 2024 2 hours ago How rich is New Mexico's junior senator: Ben Ray Luj...

With the recent price crash , Bitcoin (BTC) long-term investors have been on an accumulation rampage, registering a record inflow average. According to two sources, the so-called “Accumulation Addresses” have acquired over 12,700 BTC and 20,000 BTC. First, Ali Martinez reported the labeled “accumulation addresses” receiving 12,700 BTC in the last 24 hours, worth $840 million. In the meantime, long-position traders have lost nearly $400 million as over $136 billion left the cryptocurrency market. BTC: Inflows to Accumulation Addresses. Source: CryptoQuant / Ali Martinez Later on, Luke Mikic shared the same metric, showing an all-time high of 20,000 BTC inflow to “accumulation addresses.” In this second chart, we can see the historical data from 2014, evidencing the record inflow to long-term holders. Picks for you ...

ORDI,  Fantom (FTM), and  Aave were among the worst performers in the crypto industry during the weekend as the crypto sell-off intensified. The ORDI token crashed by over 15% in the past 24 hours and has retreated by over 50% from its highest point this year. Fantom, on the other hand, crashed by over 8% in the past 24 hours and has retreated by more than 45% from the year-to-date high. Similarly, the AAVE token plunged to a low of $72.76, which is much lower than the year-to-date high of $153.90. The other most popular laggards were coins like KuCoin Token (KCS), XRP, and Ethereum Classic.  Not all cryptocurrencies were in the red. Bittensor (TAO) token rose by over 20% in the past 24 hours while Celestia (TIA), Dogwifhat (WIF), and Wormhole (W) soared by more than 10%.  BitBot   too continued its token sale, raising over $2 million. Why cryptocurrencies plunged There are three main reasons why cryptocurrencies crashed during the we...

Bitcoin’s (BTC) recent price action hints at a renewed strength in fighting for higher grounds and whale activity corroborates that. In particular, Bitcoin whales have accumulated over 100,000 BTC in the past week. This activity draws a spike on the chart, as shown by the expert trader and on-chain analyst Ali Martinez. Martinez reported the increase in Bitcoins held by addresses between 1,000 and 10,000 BTC, worth over $7 billion . Interestingly, the spike resembles what the market previously saw in early February, before the bull run to above $70,000. Picks for you How much 20-year-olds should invest monthly to reach 1 million by age 50 3 mins ago DOGE price prediction as Dogecoin chart makes waves on social media 52 mins ago How much is the father of TRON worth? – Justin Sun's net worth revealed 1 hour ago AI predicts Terra Classic price for end of 2024 1 hour ago At that time, these whale addresses started accumulating larger a...

As things in the cryptocurrency market are starting to look brighter following an expected correction after a period of exceptional bullishness, Terra Classic (LUNC) is keeping up with the wider sentiment, and finance expert s have shared their views regarding LUNC price prediction for the end of 2024. Indeed, Terra Classic has recently turned the page on the losses accrued across the previous week, increasing its price by nearly 2% in the last 24 hours as it struggles to revert the negative trend since the beginning of this year that saw it decline by 4% since January 1. Terra Classic price prediction In the context of these movements and taking other factors into consideration, multiple finance analysts have offered Terra Classic price prediction 2024 figures that do not see much change for the currently 113th-largest crypto asset by market capitalization. Picks for you AI predicts Silver price for end of 2024 26 mins ago Blockchain giant Patex announces collab...

Solana (SOL) and Avalanche (AVAX) were top performers in 2021 and 2023, offering a more scalable solution to Ethereum (ETH). Both ecosystems grew from a few million to billions of dollars in capitalization, rewarding crypto investors who embraced the opportunity . Now, as technology evolves, new investment opportunities surge in the cryptocurrency landscape through yet low-capitalized improved technologies. In particular, Radix (XRD) appears as a promising contender among layer-1 cryptocurrencies looking at decentralized finance (DeFi) and Web3 solutions. Radix is part of a group of chains using sharding to scale their capacity while preserving decentralization and security. Picked for you Donald Trump says Bitcoin has ‘taken a life of its own’, calls for regulations 2 hours ago Sell alert? 'Smart' Ethereum Whale dumps $21 million in ETH 3 hours ago Robert Kiyosaki explains why he ‘would be happy’ if Bitcoin crashes 4 hours ago 3 cryptocurrenci...

Pyth Network has unveiled real-time Bitcoin (BTC) exchange-traded funds (ETF) price feeds in a move set to revolutionize decentralized finance (DeFi). The implementation grants DeFi developers and users access to credible price data for 13 Bitcoin ETFs, marking a significant milestone in bridging the gap between traditional finance and the crypto sphere. Bitcoin ETFs tracked on the platform include ARKB, BITB, BITS, BRRR, BTCO, BTCW, BTF, DEFI, EZBC, FBTC, GBTC, HODL, and IBIT.  Picked for you Can Ethereum hit $10,000 in 2024? 30 mins ago Sell signal for 2 overbought cryptocurrencies this week 16 hours ago Short squeeze alert for this week: Two cryptocurrencies with potential to skyrocket 17 hours ago 3 meme coins to outperform SHIB in 2024 18 hours ago Bitcoin ETF approval The approval of Bitcoin ETFs in the US in January has been a pivotal moment for crypto, paving the way for mainstream investors to engage with the world’s leading c...

As the airdrop period for the Solana-based WEN token ended, a quarter of its supply was burned due to unclaimed tokens. The WEN token, a homage to the cryptocurrency community’s frequent inquiries about new token mintings, was part of a novel experiment involving fractionalized NFTs. Claiming for $WEN has officially finished. For the duration of Wen's upbringing, we have been emitting $WEN to the community via the claim . Now, there are no more emissions and over 1/4 of the total supply will be burned forever. We are excited to immortalize wen culture and… pic.twitter.com/BUEG5QrZoH — $WEN (@wenwencoin) January 29, 2024 In simpler terms, a poem by @weremeow was transformed into an NFT and then divided into one trillion parts, each part representing a WEN token. This approach led the creators to describe WEN as the first community coin based on fractional NFTs. A Love Letter To Wen Bros ️ pic.twitter.com/amTNSLcQ3f — meow (@weremeow) December 23, 2023 ...

Crypto exchange OKX has started an investigation into the abrupt 50% decline in the value of its native token OKB. Cryptocurrency exchange OKX has launched an investigation following a rapid 50% decline in the value of its native token, OKB. The unexpected plunge saw OKB’s value drop to $25.1, prompting OKX CEO Star Xu to address the matter. While the CEO did not delve into specific details, Xu said the OKX team is actively investigating the recent volatility in OKB prices, promising to provide a report on the matter at a later time. Our team is investigating the recent okb price volatility. We will report to the community later. pic.twitter.com/UI9uPgQfA5 — Star (@star_okx) January 23, 2024 You might also like: OKX to delist privacy tokens in January 2024 While it’s unclear what was the reason behind the quick price drop, CryptoQuant CEO Ki Young Ju noted in an X post that “no notable outflows” from OKX’s major asset reserves have...

Last year was fairly dynamic for Avalanche (AVAX) as It was marked by a string of major partnerships including the ones with the gaming company BLRD and a key provider of cloud computing infrastructure – Amazon’s (NASDAQ: AMZN) AWS. In the final months of 2023, AVAX was also making interesting moves on the crypto market – both in terms of price and volume, which briefly surged in early October after Stars Arena was launched and before it suffered from a major hack. On the price side, the cryptocurrency was one of the major winners of the fourth quarter rally and is up more than 187% compared to January 2023.  Still, it underwent a major decline, much like other major players on the market, following a Matrixport report stating that the SEC will, in fact, not approve a spot Bitcoin exchange-traded fund (ETF) before the second quarter of 2024. Stocks Is Nvidia stock a buy? NVDA announces new chips for Chinese market Cryptocurrency ...

Amid a fresh surge of positivity within the cryptocurrency market, where most digital assets are experiencing upward trends, Litecoin (LTC) has been going through a period of consolidation that has negated any significant price fluctuations. However, a crucial juncture was reached recently in the cryptocurrency’s evolution after successfully mining the 74,000,000th Litecoin. This indicates that only 10 million LTC remain to be mined from its total supply limit of 84 million, as announced by the Litecoin Foundation on December 19. During the rekindled interest in this digital asset, LTC price increased from $66, reaching a high of $79 before dropping to $69 at the time of writing. LTC 30-day price chart. Source: Finbold Considering the ongoing price fluctuations and the growing scarcity of this crypto, Finbold sought insights into the potential standing of the digital asset at the onset of 2024 by consulting the artificial intelligence (AI) bot ChatGPT. ChatGPT weights LTC...

The crypto currency market cap grew to $1.5 trillion in November as blockchain protocols and digital assets experienced a massive influx of capital. During November, crypto price s saw a significant uptick amid market-wide bullish sentiment among participants, with tokens in the top 30 by market cap leading gains within 30 days.  Avalanche (AVAX), a layer-1 blockchain, led price gains with a massive 88% increase on the back of institutional interest, according to 21Shares. JPMorgan and Apollo Global tapped an Avalanche subnet for an on-chain portfolio management tool included in Project Guardian, a proof-of-concept initiative spearheaded by the Monetary Authority of Singapore. Once hailed as a so-called “Ethereum killer”, Solana’s network saw renewed on-chain activity which filtered into the SOL ecosystem. The token rallied some 63% and trading on Solana-native decentralized exchanges (DEX) hit an all-time high of $7.3 billion. Users likely flocked to Solana for its cheap transac...

Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline.  An analyst says the 4-hour chart shows a potential buy signal for ADA. A rebound for Cardano could also be helped by a flip in on-chain metrics. As cryptocurrencies pulled back on Monday, Cardano ( ADA ) saw its price drop below $0.38 again, pushing the altcoin to a support level seen as price s rose last week. But is ADA poised for a rebound? A crypto analyst shared the forecast below on X. Analyst points to ADA buy signal While the overall declines across the market might see sellers attempt at extending their grip, a crypto analyst says a potential buy signal for ADA is formed on the 4-hour chart. What technical indicators support the analyst’s take? Here’s the prediction. “ Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ ADA while the $0.396 level acts as a stiff resistance ,” Ali noted in a post on X. ...