A naukri.com initiative
Bitcoin News
Cryptonews
4w
342
Image Credit: Cryptonews
Swyftx Analysts Discuss Bitcoin’s Surge and Web3 Trends in Latest Podcast
- Bitcoin has experienced a surge in value, with other top cryptocurrencies following suit.
- The current bullish sentiment is in line with previous market cycles, suggesting potential growth.
- Meme coins are seeing a resurgence, indicating a return of retail investors' interest in crypto.
- The latest podcast also discusses the release of the highly anticipated blockchain-based game Off the Grid and the increasing adoption of crypto by financial institutions.
Read Full Article
20 Likes
TechBullion
4w
89
Image Credit: TechBullion
Bitcoin Price Plummets Below $59,000 Amid Overconfidence in the Market
- Bitcoin's value drops below $59,000 amid extreme optimism in the market,
- Bitcoin was driven by overwhelming bullish sentiment and fueled by traders opening heavy long positions over the days before it plunged.
- This phenomenon signifies the cryptocurrency volatile market and highlights the risks of trading in it.
- Broader macroeconomic factors also contributed to the market's downturn, highlighted by a speech given by Federal Reserve Chairman Jerome Powell.
- Investors are closely watching the Personal Consumption Expenditures (PCE) report data, which could affect the market's future.
- The Net Unrealized Profit/Loss (NUPL) indicator suggests some level of optimism among investors despite NUPL's dip.
- Other major cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), and many others saw significant declines too.
- Bitcoin's future trajectory will depend on several factors, including its ability to reclaim key support levels and the broader macroeconomic environment.
- The cryptocurrency market is still grappling with uncertainty, and cautious optimism is necessary to maintain market stability.
- Investors must be prepared for all scenarios and stay vigilant about both technical and fundamental aspects of their investments.
Read Full Article
5 Likes
Newsbtc
4w
235
Image Credit: Newsbtc
Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10
- The number of active long-term Dogecoin holders has reached a six-month low, with a net loss of approximately 106,600 wallets.
- Investors are expressing frustration with Dogecoin's poor market performance, leading to a shift in sentiment and interest.
- Dogecoin is currently trading at $0.12, experiencing slight upticks but failing to reach the coveted $1 mark.
- Despite the decline in holder base, a crypto analyst predicts that Dogecoin will reach $10 based on its historical patterns.
Read Full Article
14 Likes
TronWeekly
4w
173
Image Credit: TronWeekly
Bitcoin Nears Key Fibonacci Level: Bullish Breakout Potential Ahead
- Bitcoin is nearing a key Fibonacci level of $67,823.
- A daily close above this level indicates a bullish breakout for further gains.
- The price of Bitcoin is forming higher highs and lows, suggesting a potential shift from bearish to bullish market sentiment.
- BTC has shown positive trends, with increasing demand and trade volumes.
Read Full Article
10 Likes
Bitcoinist
4w
409
Image Credit: Bitcoinist
Is Tesla Selling? $760 Million Bitcoin Moved To Unknown Wallets
- Tesla has transferred its entire stash of 9,720 Bitcoin, valued at over $760 million, to new, unidentified wallets.
- The reason behind Tesla's BTC transfer is currently unknown, leading to speculation about whether they intend to sell, acquire more BTC, or reinstate Bitcoin payments for Tesla vehicles.
- Different analysts have different theories, with some suggesting that the transferred BTC likely moved to new wallets still under Tesla's control.
- However, there are also speculations that Tesla might be selling its BTC holdings in an over-the-counter deal.
Read Full Article
24 Likes
Bitcoinsensus
4w
89
Image Credit: Bitcoinsensus
Grayscale Eyes Multi-Crypto ETF
- Grayscale has filed with the SEC to convert its Digital Large Cap Fund into a new multi-crypto ETF.
- The fund comprises major cryptocurrencies like Bitcoin, Ethereum, XRP, Avalanche, and Solana.
- The move could have a significant impact on the altcoin market by providing greater exposure and legitimacy.
- Market reactions have been positive, with XRP and Bitcoin seeing gains following the news.
Read Full Article
5 Likes
TheNewsCrypto
4w
240
Image Credit: TheNewsCrypto
Quantity Funds Launches Innovative US-based Bitcoin and Gold ETF
- Quantity Funds and Return Stacked introduced the STKD Bitcoin and Gold ETF, offering investors access to two scarce assets.
- The ETF aims to provide protection against currency debasement and inflation.
- The fund invests in Bitcoin futures and ETPs, as well as Gold futures and ETPs.
- The debate between Bitcoin and Gold as valuable assets continues, with Peter Schiff advocating for Gold.
Read Full Article
14 Likes
Bitcoinsensus
4w
84
Image Credit: Bitcoinsensus
DRIFE Challenges UBER Pay Rates With Web3 Tech in Dubai
- DRIFE, a blockchain-based ride platform, has launched in Dubai with the aim of offering fair pay to drivers.
- The platform ensures drivers receive a larger share of the fare through its transparent and decentralized system.
- DRIFE's entry into Dubai marks a significant use case for Web3 technology in the region.
- The company plans to expand to other regions, including Europe, and adopt the UAE Stablecoin as a payment option.
Read Full Article
5 Likes
TechBullion
4w
387
Image Credit: TechBullion
What Is Bitcoin And How Does It Operate
- Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, and is powered by blockchain technology.
- Transactions happen directly between users, without intermediaries like banks or governments.
- Blockchain technology ensures all transactions are recorded on a public ledger that everyone can access but no one can alter.
- Bitcoin transactions are incredibly fast and efficient because they don't go through middlemen.
- Bitcoin mining is the process by which new bitcoins are created and transactions are added to the blockchain.
- Mining requires significant computational power and energy and is critical for securing the network.
- There are several ways to acquire Bitcoin, including through cryptocurrency exchanges, peer-to-peer platforms, or Bitcoin ATMs.
- Storing Bitcoin safely is crucial, and choosing the right type of wallet plays a significant role in ensuring your cryptocurrency’s security.
- The Ledger Bitcoin wallet is an excellent choice for maximum security because you are in full control of your private keys.
- Bitcoin can be used for transactions or as a store of value, much like gold, and is viewed by many as an investment due to its potential for high returns.
Read Full Article
23 Likes
Zycrypto
4w
182
Image Credit: Zycrypto
Tesla Shuffles Bitcoin Holdings as BTC Soars: Internal Moves or Market Exit?
- Tesla has transferred its entire Bitcoin stash worth $760 million to undisclosed wallets, sparking speculation about internal reorganization or market exit.
- Under Elon Musk's leadership, Tesla has been a prominent player in the cryptocurrency market, with a $1.5 billion Bitcoin investment in 2021.
- The timing of the transfers aligns with the rise in Bitcoin's value, leading to questions about Tesla's intent. Analysts believe selling is possible but with a modest impact.
- While some speculate a shift towards self-custody, others see the transfers as internal strategy rather than an exit from the crypto market.
Read Full Article
10 Likes
Bitcoinist
4w
436
Image Credit: Bitcoinist
Survey: Trump Leads Harris By 18%, But His Token Project Tells A Different Story
- Former President Donald Trump leads Kamala Harris by 18% according to betting markets.
- Trump's token project, World Liberty Financial, faced technical issues during its launch.
- The project aimed to raise $300 million but only attracted around 4,300 participants.
- Crypto and blockchain technology are becoming significant factors in the upcoming US elections.
Read Full Article
26 Likes
Bitcoinsensus
4w
258
Image Credit: Bitcoinsensus
Trump Stands Against De-Dollarization, Threatens 100% Tariffs
- Trump proposes 100% tariffs on foreign nations to combat de-dollarization and maintain the U.S. dollar’s dominance.
- Concerns about a weakening dollar arise due to American sanctions on Russia and high U.S. interest rates.
- Trump supports U.S.-pegged stablecoins to strengthen the dollar and prevent other countries, especially China, from gaining a competitive edge.
- Trump's strategy includes threats of tariffs and promoting cryptocurrencies to maintain the dollar's dominance and prevent de-dollarization.
Read Full Article
15 Likes
Pymnts
4w
338
Image Credit: Pymnts
This Week in Web3: Usability and Network Expansion Drive Stablecoin Momentum
- Crypto is circling back to try its hand at payments again.
- The surging utility of stablecoins and advances in digital asset usability make merchant acceptance easier.
- Efforts to simplify blockchain processes improve Web3 usability.
- Stablecoins secure a central role in crypto's future as a bridge between fiat and digital assets.
Read Full Article
20 Likes
Coin Telegraph
4w
93
NFT holders sue art gallery, Ubisoft to launch Web3 game: Nifty Newsletter
- A group of NFT holders sued an art gallery, claiming it failed to deliver its promised metaverse club.
- The NFT holders allege that no substantial efforts were made to build the Meta Eagle Club, despite the team's updates.
- The lawsuit states that the people involved in the project had no experience with blockchain development.
- In other news, a game that uses NFTs as in-game assets ranked at the top of the charts at the Epic Games store.
Read Full Article
5 Likes
Zycrypto
4w
374
Image Credit: Zycrypto
Bitcoin Whales Ramp Up Accumulation: What’s Next For BTC Price?
- Bitcoin whales are accumulating BTC, spurring a massive price jump amid positive sentiments.
- Institutional wallets have accumulated 67,000 BTC in a 30-day window, bringing their total holdings to 3.9 million BTC.
- Intense buying pressure was recorded on Coinbase and Bitfinex, while Binance and Bybit posted lower numbers.
- Bitcoin's price is up 7% this week, continuing an impressive 30-day movement and soaring above $66,000.
Read Full Article
22 Likes
For uninterrupted reading, download the app