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Bitcoin News
TheNewsCrypto
3w
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Image Credit: TheNewsCrypto
Bitcoin (BTC) Needs to Break This Level to Confirm a Rally to $80,000 and Kickstart Altcoin Season
- Bitcoin must pass the crucial $80,000 barrier to confirm the start of a new bull run and potentially signal the start of an altcoin season.
- Bitcoin's dominance has grown showing great investor trust, but this has resulted in altcoins consolidating or underperforming.
- Rexas Finance (RXS) is one cryptocurrency well positioned to profit from the upcoming altcoin season, which could see other cryptocurrencies surpass Bitcoin gains.
- Rexas Finance is likely to benefit from the growing buzz surrounding its real-world asset tokenizing (RWA) technology, enabling people to tokenize and exchange nearly any physical or digital asset on a worldwide basis.
- Tokenizing real-world assets creates multi-trillion-dollar marketplaces like the $12tn gold market and $379tn real estate sector, and by eliminating conventional entry barriers, fractional ownership makes it easy for anyone to participate in these assets.
- Rexas Finance offers a no-code Token Builder tool to easily generate and release tokens symbolizing actual assets, Rexas Launchpad for linking worldwide investors with creative projects, and Rexas Estate for letting users exchange tokenized property shares.
- As traders and investors move their money out of Bitcoin, Rexas Finance is positioned to thrive with its creative real-world asset tokenizing.
- In its presale Stage 4 at $0.060, RXS offers a good starting place for anybody wishing to profit from the next cryptocurrency surge.
- Analysts have projected up to 5000% returns for RXS as tokenized real-world assets gain popularity and attract institutional and individual investors.
- Rexas Finance is anticipated to dominate the industry with its creative approach to tokenization and asset management, and early RXS investors are positioned to gain from the next wave of capital movement into altcoins when Bitcoin rallies.
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Tokenhell
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313
Chris Larsen’s $10M Kamala Harris Donation Addressed by Ripple’s Garlinghouse
- Ripple CEO Brad Garlinghouse defends the $10 million donation made by Chris Larsen to Kamala Harris's presidential campaign.
- Garlinghouse emphasizes the need for bipartisan support in crypto regulations and calls for a neutral approach.
- Mixed reactions within the crypto community regarding Larsen's donation, with some supporting it and others criticizing the focus on industry interests.
- Ripple continues its regulatory battles with the SEC and maintains its commitment to blockchain and crypto innovation regardless of election outcomes.
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Medium
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167
Image Credit: Medium
Preserving the Core: Snowden’s Call to Uphold Bitcoin’s Principles Against Institutional Pressure
- Snowden emphasizes the importance of staying true to Bitcoin's core principles
- Authorities may increase their efforts to control decentralized tech and encryption
- The crypto community must remain vigilant to safeguard users' freedom and privacy
- Snowden believes we must uphold the main values of decentralized technologies to protect our rights
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Medium
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282
Image Credit: Medium
EDGE AI IN BLOCKCHAIN TECHNOLOGY: TRANSFORMING DECENTRALIZATION AND INTELLIGENCE
- Edge AI refers to the deployment of artificial intelligence algorithms on devices located at the edge of a network, closer to the data source or endpoint.
- Blockchain is a decentralized, distributed ledger technology that securely records transactions across a network of computers.
- The convergence of Edge AI and blockchain technology offers exciting possibilities for industries that require realtime decisionmaking, security, and decentralized control.
- Enhanced Data Privacy and Security: Edge AI processes data locally on devices, minimizing the need to transfer sensitive information to centralized cloud servers.
- Reduced Latency and Faster Decision Making: Edge AI significantly reduces latency by processing data on local devices, enabling instant analysis and action.
- Decentralized Control and Autonomy: Both Edge AI and blockchain technology promote decentralization.
- Efficient Resource Management: Edge AI and blockchain technology can optimize resource management in industries such as agriculture, manufacturing, and logistics.
- Smart Cities: In smart cities, numerous IoT devices, such as traffic lights, security cameras, and environmental sensors, work together to create a more efficient urban environment.
- Healthcare and Remote Patient Monitoring: Edge AI enables realtime health monitoring through wearable devices and IoT sensors, which can analyze patient data locally.
- The convergence of Edge AI and blockchain technology represents a powerful shift toward decentralized, intelligent, and secure systems.
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Cryptonews
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423
Image Credit: Cryptonews
Bitcoin Open Interest Hits Record $40 Billion; Bullish Outlook Bolstered by Macro Factors, Says Report
- Bitcoin recently fell 2.4% but continues trending towards US$70k.
- Open interest in Bitcoin futures has reached a new all-time high of US$40.38 billion, signalling strong bullish sentiment.
- Despite potential short-term volatility, long-term market conditions and macroeconomic factors support sustained Bitcoin growth.
- Analysts note a pattern in Bitcoin open interest, suggesting a disconnect between market speculation and stable demand.
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Newsbtc
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344
Image Credit: Newsbtc
Ethereum Accumulation Rises As 70% Holders Are In Profit: What It Means For ETH Price?
- The total Ethereum (ETH) amount in accumulation wallets has surged to over 19 million.
- The increase in ETH held by accumulation addresses suggests anticipation of a market rally.
- Factors contributing to ETH accumulation include regulatory clarity and approval of Ethereum-based ETFs.
- 70% of ETH holders are in profit, potentially driving ETH prices higher.
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Bitcoinist
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105
Bitcoin Accumulation Hits 2.9 Million BTC: Has the Preparation For A Massive Rally Begun?
- Bitcoin accumulation addresses have surpassed 2.9 million BTC, doubling their reserves in 10 months.
- These addresses belong to long-term investors who show confidence in Bitcoin's future.
- The accumulation behavior is growing rapidly, suggesting strong belief in Bitcoin's long-term value.
- By the end of 2024, these addresses could hold over 3 million BTC, impacting price stability and growth.
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6 Likes
Pymnts
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1.2k
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Stripe to Acquire Bridge, Build Stablecoin Infrastructure
- Stripe plans to acquire stablecoin payments platform Bridge.
- Stripe CEO Patrick Collison aims to build the world's best stablecoin infrastructure.
- Bridge, which has grown tenfold this year, helps developers build stablecoin-enabled financial products.
- The acquisition will allow Bridge and Stripe to solve bigger problems and support more consumers and businesses worldwide.
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Bitcoinsensus
3w
52
Image Credit: Bitcoinsensus
How Bitcoin Could Decide The Fate of the 2024 U.S. Election
- Cryptocurrency has become a significant factor in the 2024 U.S. election, with 16% of voters identifying as part of the Crypto Voting Bloc.
- Both Democrats and Republicans see their parties as more crypto-friendly, highlighting the bipartisan nature of crypto support.
- Crypto donations have surged, making up nearly half of all corporate donations, and could potentially swing the election outcome.
- The growing presence of cryptocurrencies and its influence on the campaign could make cryptocurrency a decisive factor that could swing the election.
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Bitcoinist
3w
92
Image Credit: Bitcoinist
Critical Bitcoin Indicator Flips Bullish – On-Chain Data Confirms BTC Uptrend
- Bitcoin has surged above $69,000, approaching the previous all-time high of $73,000.
- Glassnode data shows a bullish shift in BTC trend, with the MVRV ratio flipping positive.
- The upcoming US presidential election and positive market sentiment could drive further price appreciation.
- BTC faces critical resistance levels, with the $70,000 milestone holding significant buying pressure.
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Crypto-News-Flash
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432
Image Credit: Crypto-News-Flash
Ethereum Market Cap Plummets $1 Trillion Behind Bitcoin—3 Factors Driving ETH’s 2024 Decline
- Ethereum's market cap has fallen $1 trillion behind Bitcoin.
- Factors driving the decline include declining whale transactions, ETH sales, and slow adoption of ETFs.
- Concerns about centralization following Ethereum's move to Proof-of-Stake are contributing to market struggles.
- Ethereum Foundation has sold off approximately 336,000 ETH over the past four years.
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26 Likes
Bravenewcoin
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26
Image Credit: Bravenewcoin
Why Buying Bitcoin Below $70,000 Could Be a Big Brain Move: 3 Key Insights
- Bitcoin is still trading below $70,000, prompting speculation on whether it's a good time to buy.
- The Federal Reserve's decision to lower interest rates and the popularity of spot Bitcoin ETFs may increase Bitcoin's appeal to investors.
- Favorable regulatory environment and limited supply contribute to Bitcoin's long-term potential and high-yield investment opportunity.
- The support for Bitcoin from 2024 presidential election candidates adds to its favorability as an investment option.
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1 Like
Bitcoinsensus
3w
61
Image Credit: Bitcoinsensus
Elon Musk Helps Propel Dogecoin to 3-Month High During Trump Rally
- Dogecoin’s price reached a 3-month high of $0.1495 following Elon Musk’s endorsement at a Trump rally.
- Musk humorously proposed the creation of a “Department of Government Efficiency” (D.O.G.E.), aligning with his support for Dogecoin.
- Dogecoin’s recent surge stands out amid losses in other major cryptocurrencies like Bitcoin and Ethereum.
- Dogecoin is currently trading at $0.143, up by 1.70%, with its highest price in over 3 months.
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Zycrypto
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260
Image Credit: Zycrypto
Bitcoin May Be Stuck Below $70,000 Milestone, But Hash Rate Just Hit A New All-Time High
- Bitcoin's price has fallen below $70,000 but the hash rate has reached a new all-time high.
- The hash rate of Bitcoin has reached 769.8 exahashes per second (EH/s), the highest ever recorded.
- Hash rate refers to the computational power used to mine and process transactions on the Bitcoin network.
- A high hash rate increases network security and indicates more mining activity.
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Coinpedia
3w
8
Image Credit: Coinpedia
Bitcoin 9% Away From its ATH-Here’s Why The Upcoming Bull Market Peak is Way Ahead of $100K
- Bitcoin price is inching closer towards its all-time high (ATH) of $73,750 and is expected to mark a higher high above $74,500 in the near future.
- The bitcoin open interest (OI) has exceeded $40 billion for the first time since December 2022, indicating sustained inflow of capital into the futures market.
- Institutional interest in bitcoin continues to be a major driver for its price with over 5.398% of the total circulating supply of BTC held by ETFs, worth over $75 billion.
- The US elections could also likely have an impact on BTC price as former President Donald Trump has expressed a more friendly crypto approach, promising to set up a Bitcoin reserve to boost mining.
- Bitcoin's historical price trend suggests that the peak of the upcoming bull market could be way ahead of $100K, with the next potential top at around $210K.
- The weekly MACD has triggered a bullish crossover but the RSI has triggered a bearish divergence, indicating that the price could drop below $65,000 before rising again to form new highs above $200K.
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