Altcoin News by Thebittimes.Com

On July 18, BTC’s price again fell below $30,000, although the recent price movement in the crab market is also supported by solid investor activity on-chain. The price of Bitcoin (BTC) fell below $30,000 on July 18, which retail investors may not have expected given the previous month’s outcomes, but does the drop signal a change in trend?  Data suggests that it does not in the long run. To begin with the positives, Bitcoin price is still attempting to convert the $30,000 level to support after roughly ten attempts since April of this year, but the price is consistently finding buyers in the $28,000 to $25,000 region, which buyers seem to be perceived as an expansion zone. This opinion is backed by on-chain data from Glassnode’s Bitcoin Accumulation Trend Score, which may or may not be viewed positively by investors given that the expansion behavior of investors at the $30,000 BTC price is similar to that seen in the $28,000 to $24,000 ra...

After warning investors of a dramatic market change in November 2021, billionaire Chamath Palihapitya claims the stock market has already reached a long-term bottom. In a recent outbreak of the All-In Podcast, the venture investor predicts that the stock market will explode to the upside. According to Palihapitiya, who predicted the 2022 crypto meltdown, the spike would likely be supported by investors who lost out on the market’s early phases this year. Palihapitiya claims that:  “I think the most important view that I’m trying to get to is where do I think the equity market is going to go? All roads, at least right now, look like the market is getting set to go materially higher. The reason isn’t whether terminal rates are 2% or 3.5%. I don’t think that matters that as much. What matters more are the trillions of dollars that are sitting on the sideline or in other defensive assets that need to then pivot around and get put back into growth assets on...

Gensler made the statement while speaking at the National Press Club Headliners Luncheon, where he was asked about the implications of the recent court ruling on the crypto industry.  advertisement Gary Gensler Joins National Press Club Headliners Luncheon" width="678" height="509" src="about:blank" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen data-rocket-lazyload="fitvidscompatible" data-lazy-src="https://www.youtube.com/embed/LigI8_E9JXM?feature=oembed"> Gary Gensler Joins National Press Club Headliners Luncheon" width="678" height="509" src="https://www.youtube.com/embed/LigI8_E9JXM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscree...

Elon Musk on BlackRock and US Govt In response to the connection between the White House and BlackRock, Elon Musk has offered his insights into the matter. advertisement There is a crazy amount of control that passive/index fund managers have over publicly traded companies. – Elon Musk, July 17, 2023 U.S. Presidential Candidate Vivek Ramaswamy further elaborates on this issue, explaining how the White House employs private actors such as BlackRock to implement policies that face obstacles in the legislative process. These policies are often labeled as ESG (Environmental, Social, and Governance) initiatives. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...

Glassnode’s latest on-chain metrics show the number of bitcoin wallets holding over 1 BTC has hit a new all-time high (ATH), indicating investor optimism in the crypto markets. The court decision that XRP is not a security has brought about positive reactions from market participants, as it challenges the Securities and Exchange Commission’s (SEC) stance on token classification.  Ripple CEO Brad Garlinghouse has praised the ruling, asserting that it will likely positively affect other digital tokens operating in the United States. This legal victory has triggered a surge in altcoin prices.  You might also like: Ripple CEO calls XRP ruling a win for crypto industry XRP has experienced a short-term price decline after a dramatic surge. It is currently valued at $0.7285. XRP’s price surged by 54.02% during the past week. With 53 billion XRP in circulation, the digital asset’s market cap is $38.2 billion. XRP price | Source: CoinGecko The RSI value on ...

Dogecoin ’s NVT ratio has been hovering around its all-time highs of late. Over the past few months, a series of spikes have been registered on this front. Interestingly, in most instances, the price has reacted in a similar way. So, in this article, we will be analyzing the trend and chalk out what can be expected from DOGE this time around. Source: IntoTheBlock Also Read: Shiba Inu Whale Outflows Rise 250%: Will SHIB React? The Dogecoin NVT-price trend Before proceeding further, it is essential to note that NVT Ratio compares the network value to the transactional value. A rising number usually means the value on-chain value being transferred is not able to outpace the value of the network. Dogecoin has registered 4 NVT spikes over the past year. The fifth was created at the beginning of this month. This is how DOGE’s price reacted in every situation: On May 23, 2022, when the NVT spiked, DOGE first depreciated by 44% and then rallied back by 58% ...

MATIC price surged due to favorable regulation, increased network use and anticipated Polygon 2.0 upgrade that could see a rebrand to POL. Polygon (MATIC) has experienced a significant price increase on July 13, driven by several key factors. These include a recent positive court ruling for XRP, increased activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0. MATIC/USD 12-hour price at Coinbase. Souce: TradingView Within just 12 hours, MATIC witnessed a remarkable 24% rally, propelling its price to $0.89 on July 13, reaching its highest level in five weeks. Although the initial excitement subsided, the token managed to sustain a daily gain of 15%, indicating growing demand from traders and investors. MATIC seizes opportunity from the SEC's loss On July 13, the United States District Court for the Southern District of New York ruled that XRP is not a security. This court decision could have far-reaching implication...