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Bitcoin News
Livebitcoinnews
2w
273
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With $269M Presale Boom and Big Reveal Ahead, BlockDAG Is the Crypto Everyone’s Watching!
- BlockDAG has raised over $269 million in its presale, with a fixed coin price of $0.0020 until June 13.
- On June 13, 20 centralized exchanges set to list BDAG will be officially disclosed after achieving the $600 million presale target.
- BlockDAG focuses on concluding the presale strongly and building excitement around future listings, with a growing user base and progress in the testnet.
- The design of BlockDAG uses a Layer 1 framework with a hybrid Proof-of-Work and Directed Acyclic Graph structure for faster transactions and lower costs.
- BlockDAG's beta testnet has been operational since March, supporting ERC-20, ERC-721, and ERC-1155 standards, with tools ready for mainnet launch.
- Over one million users are actively mining BDAG via the X1 mobile app, and over 17,700 physical miners have been distributed for decentralized mining.
- BlockDAG aims to enter exchanges strategically after reaching the $600 million presale goal, increasing liquidity and user engagement.
- The project offers various incentives like daily contests, referral bonuses, and leaderboard prizes to maintain momentum and engagement.
- BlockDAG is preparing for a phased exchange listing approach to maximize liquidity and user base growth before public trading.
- With strong traction, thriving user base, and strategic pacing, BlockDAG is gearing up for major milestones and big moves in the crypto market.
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Coindoo
2w
303
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Bitcoin Price Poised for $112K Breakout as Double Bottom Pattern Confirms
- Analysts interpret the double bottom pattern in Bitcoin price as a sign of weakening bearish pressure and strengthening buying momentum.
- The double bottom pattern in Bitcoin's price chart consists of two inflection points at $106,800 and $106,600, with the neckline resistance at $109,000 being successfully breached.
- Bitcoin, currently trading around $109,400, is targeting $112,000 if it maintains the breakout level as support, indicating a potential structural shift in market sentiment.
- The pattern signifies a change in control and possibly a market direction shift, but the report emphasizes the need for disciplined decision-making and risk awareness in trading strategies.
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Newsbtc
2w
30
Dogecoin Breakout Incoming? $3 Target On The Horizon—Analyst
- Dogecoin has been holding steady above $0.22 since May 20 and experienced a slight increase, reaching $0.25 on May 23.
- TradingView analyst notices a tightening triangle pattern since Dogecoin's all-time high on May 3, indicating a potential sharp move when trend lines converge.
- Key resistance levels show a challenge around $0.4916, requiring a clear breakout to signal bullish control.
- On-chain metrics reflect increased activity, with rises in new addresses, active addresses, and zero balance addresses, suggesting growing interest in Dogecoin.
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Livebitcoinnews
2w
39
Image Credit: Livebitcoinnews
Cardano Gains Slowly, But Lightchain AI’s Ongoing Presale Sparks Fresh Demand Across Crypto Communities
- Cardano is gradually gaining with slow progress, appealing to long-term holders, but Lightchain AI's ongoing presale is attracting significant demand across crypto communities.
- Lightchain AI, with a fixed token price of $0.007 in its Bonus Round, has raised $20.8 million, drawing attention from traders looking for immediate uptrends and showcasing buyer momentum.
- Unlike Cardano, which focuses on steady development, Lightchain AI's high-energy execution and community buzz are propelling it forward in the market, with active discussions in crypto forums and social media.
- As Lightchain AI gains traction and garners interest, it is positioning itself as a potential favorite among early buyers due to its unique blend of blockchain and AI technology, attracting investors seeking innovation and growth potential.
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Livebitcoinnews
2w
151
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XRP Makes Headlines, Yet All Eyes Are on Lightchain AI’s Presale Buzz and Growing Speculative Attention
- XRP continues to make headlines with high-profile developments and legal clarity, but Lightchain AI's presale buzz and speculative attention are gaining momentum.
- Lightchain AI, a decentralized blockchain protocol for intelligent computation, is drawing increasing attention with its presale in the Bonus Round, $0.007 token price, and $20.8 million raised.
- Contrasting XRP's visibility, Lightchain AI is growing from the ground up with a focus on AI execution, decentralized governance, and privacy-preserving data use.
- Traders are closely watching Lightchain AI's presale momentum, intrigued by its decentralized AI narrative, strong architecture, and potential for real use case adoption.
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Livebitcoinnews
2w
403
Image Credit: Livebitcoinnews
XRP Cools Off, But Lightchain AI Heats Up as FOMO Buyers Chase the Next Triple-Digit Gainer
- XRP's momentum is slowing down, leading traders to seek the next asset with breakout potential, focusing on Lightchain AI, which is gaining traction among FOMO buyers without heavy promotions.
- New narratives and next-generation infrastructure projects are attracting speculator attention, shifting focus from old altcoins like XRP to innovative protocols like Lightchain AI.
- Lightchain AI's presale is gaining momentum as new wallets join daily, driven by deliberate developments like real-time AI task execution and decentralized control, creating urgency among buyers.
- Early buyers see Lightchain AI's potential in the broader blockchain evolution, with optimized execution for AI integration, positioning themselves for significant upside as the platform progresses.
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TronWeekly
2w
952
Image Credit: TronWeekly
YZi Labs Makes Bold Bitcoin Investment in Avalon’s Thriving Ecosystem
- YZi Labs has invested in Avalon Labs, a Bitcoin-powered capital markets platform.
- Avalon’s ecosystem includes USDa, now the second-largest CDP stablecoin on DeFiLlama.
- The investment supports Avalon’s regulatory expansion and institutional finance growth.
- Avalon aims to enhance Bitcoin's utility by providing various investment products, with recent focus on USDa stablecoin collateralized by Bitcoin.
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Livebitcoinnews
2w
43
Image Credit: Livebitcoinnews
Unbeatable Fees, Uncompromisable Security: Why Traders Are Choosing Toobit
- Toobit has gained popularity among traders for its low-fee structure and user-friendly interface in the competitive crypto platform market.
- With maker and taker fees as low as 0.01%, Toobit offers some of the lowest trading fees, attracting algorithmic traders and institutions.
- Toobit's platform is designed for inclusivity, catering to both beginners and advanced users with intuitive features and professional-grade tools.
- Compared to major exchanges like Binance and Coinbase, Toobit stands out for its fee transparency, ease of use, and responsive customer support.
- Toobit prioritizes security with multi-layered protocols, AI-powered threat detection, and compliance with international regulatory standards.
- The platform's proactive security measures and commitment to user protection make it a trusted exchange in the digital landscape.
- Toobit engages with its community through various channels, listens to user feedback, and continues to introduce innovative features like copy trading and DeFi integrations.
- Traders are increasingly drawn to Toobit for its cost-efficiency, usability, and security features, making it a compelling choice in the competitive crypto market.
- With a focus on futures trading and derivatives, Toobit offers users the tools and advantages needed to succeed in today's fast-paced crypto markets.
- Toobit's commitment to transparency, security, and community engagement solidifies its position as a leading platform for both novice and experienced traders.
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Coindoo
2w
355
Image Credit: Coindoo
Here is When Bitcoin Could Reach $1 Million, According to Bitwise
- Matt Hougan, Chief Investment Officer at Bitwise, predicts that Bitcoin could reach $1 million in the next five years, driven by its emerging status as digital gold and increasing investor confidence.
- Hougan highlights Bitcoin's growing recognition as a digital store of value, with potential to claim a share of the massive gold market.
- Hougan believes in Bitcoin's value potentially increasing tenfold as more institutional capital enters the market, expressing confidence in its continued growth.
- Additionally, Hougan sees stablecoin legislation as a key catalyst for unlocking value in other blockchain assets like Ethereum and Solana, paving the way for broader crypto market adoption.
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Newsbtc
2w
1.2k
Image Credit: Newsbtc
Bitcoin Eyeing $112,000 After Bullish Double Bottom Breakout, Analyst Says
- Bitcoin experienced a slight weekend dip to $106,600 but has since rebounded and is now trading near $110,000.
- Crypto analysts are optimistic about Bitcoin's rise, with a potential target of $112,000 following the formation of a bullish double bottom pattern.
- The double bottom pattern typically indicates a reversal of a downtrend and a shift in market sentiment from bearish to bullish.
- Despite some mixed behavior from Bitcoin whales, strong institutional interest and high trading volumes suggest a positive outlook for Bitcoin price momentum.
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Newsbtc
2w
82
Image Credit: Newsbtc
Massive Whale Activity Detected on Binance as Bitcoin Tests New Highs
- Bitcoin's momentum has led to a new all-time high of over $111,000, although it has slightly retraced to $108,499 currently.
- Increased on-chain signals suggest large players are re-entering the market despite the short-term price decline.
- Analysts are closely monitoring whale activity on exchanges like Binance, with a surge in whale movement indicating potential upcoming volatility.
- Positive shift in spot market behavior, particularly the dominance of market buy orders, suggests renewed buyer interest in Bitcoin, signaling a potentially bullish trend ahead.
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TronWeekly
2w
82
Image Credit: TronWeekly
Long Term Bitcoin Holders are Stocking Up, While Short-Term Traders are Being Forced Out
- Long-term Bitcoin holders have been increasing their investments as short-term traders were forced out due to recent liquidations.
- The value of Bitcoin held by long-term investors has exceeded $28 billion, indicating their confidence in the market despite fluctuations.
- Charts show aggressive liquidation of short positions and a rise in long-term accumulation, reflecting a shift in market behavior towards long-term investment.
- The clustering of buy and sell orders in the Bitcoin market structure indicates strong support and stability despite recent market volatility.
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Cryptopotato
2w
195
Image Credit: Cryptopotato
Digital Assets See $3.3B Weekly Inflows Despite XRP’s Historic Reversal
- XRP experienced a historic reversal with outflows of $37.2 million, the highest on record, despite digital assets seeing $3.3 billion in weekly inflows.
- Inflows in digital asset investment products brought the cumulative six-week inflow streak to $10.5 billion, with year-to-date inflows reaching a record-breaking $10.8 billion.
- Investors are diversifying towards digital assets due to US economic uncertainty, Moody's credit downgrade, and surging treasury yields.
- Bitcoin led digital asset inflows with $2.9 billion, while Ethereum, Solana, and Sui also saw significant inflows. XRP faced outflows along with multi-asset products.
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Coindoo
2w
264
Image Credit: Coindoo
Bitcoin Liquidations Flush Out Late Longs as Long-Term Holders Accumulate
- Bitcoin experienced significant liquidations as it fell below the $111,000 mark, resulting in over $185 million in long positions being liquidated across two waves.
- Short-term traders faced consequences of aggressive risk-taking, while long-term holders capitalized on the volatility, with LTH realized cap surpassing $28 billion, the highest since April.
- Amidst the chaos, long-term investors strategically accumulated Bitcoin, utilizing price dips as entry points and reinforcing their positions during selling phases.
- As smart money moves in with the flushing out of overleveraged positions, the confidence of long-term Bitcoin holders in its value proposition contrasts with the panic-driven actions of short-term traders, potentially setting the stage for Bitcoin's next significant price movement.
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15 Likes
Cryptonews
2w
99
MicroStrategy Splashes US$427 Million on 4,020 Bitcoin as Shares Slump Amid Legal and Insider-Sale Pressures
- MicroStrategy purchased 4,020 BTC for US$427.1M, raising its total holdings to 580,250 BTC, worth over US$63B and representing more than 3% of total supply.
- Despite the buy, MicroStrategy faces pressure from insider stock sales and legal challenges.
- Other firms like Metaplanet, Nakamoto, and Semler Scientific are following MicroStrategy’s lead in Bitcoin investments.
- MicroStrategy's stock, MSTR, has dropped over 7% following a class-action lawsuit filed accusing the company of misleading shareholders over risks tied to its Bitcoin strategy.
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