[ad_1] Bitcoin (BTC), the largest cryptocurrency by market capitalization, is one of the best-performing digital assets so far in 2024. Despite its recent struggles in the last two quarters, the premier cryptocurrency is up by more than 137% in the past year. Bitcoin Dominance Vs. Ethereum Up 6% In 2024 According to a recent report by IntoTheBlock, Bitcoin has put a wider gap between itself and other digital assets in the market. The blockchain analytics platform reported a 6% increase in BTC’s dominance over Ethereum (ETH) and stablecoins so far in 2024. Data from IntoTheBlock shows that Ethereum, the largest…
Author: dfrancis36
[ad_1] Chainlink (LINK) creator Sergey Nazarov says that traditional finance (TradFi) will flood the real-world assets (RWA) crypto sector with trillions of dollars. In a new speech at the TOKEN2049 conference in Singapore, Nazarov says that TradFi will ultimately be the largest customer of decentralized finance (DeFi). Nazarov says that he expects RWAs to overtake all other crypto assets by market cap by creating an environment that allows TradFi money to arrive in the blockchain industry. “It’s actually about net new value coming in from the traditional market, and coming in not in the hundreds of billions but in the…
[ad_1] Este artículo también está disponible en español. Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserve’s announcement of a 50 bps interest rate cut. This has pushed AVAX to a critical resistance level, which will likely shape its price action in the coming weeks. Currently trading near $28, the token is testing a key supply zone that has analysts and investors paying close attention to its next move. Related Reading Many market participants are optimistic, projecting that a break above this resistance could pave the way for an aggressive rise in AVAX’s price. This…
[ad_1] Donald Trump has formally unveiled a new line of commemorative coins, which has added to his extensive merchandise collection. Made of 99.9% pure silver, these coins are minted in the United States and are priced at $100 each. Trump’s social media platform, Truth Social, posted the announcement on September 21, 2024. The exclusive coins that he has designed feature his profile on one side and the White House on the other, as he emphasized. Trump’s most recent endeavor is an extension of his ongoing strategy to leverage his brand in the run-up to the 2024 presidential election. New Merchandise…
[ad_1] Este artículo también está disponible en español. Tether (USDT), the world’s largest stablecoin and the third largest crypto in market cap, has asserted its dominance in the cryptocurrency market and is now close to achieving a significant milestone. Recent data shows a massive influx of money into the crypto industry in the past week, with over $1 billion going into stablecoins. Related Reading Naturally, most of this inflow has gone into Tether (USDT), pushing its market cap closer to an unprecedented $120 billion. Tether (USDT) Leads The Stablecoin Market Stablecoins are one of the innovative applications of blockchain technology.…
[ad_1] In the last week, multiple miner wallets dormant from the Satoshi era transferred out a significant amount of Bitcoin (BTC). Generally, when miners sell their Bitcoin, especially in a significant proportion, it can induce selling pressure leading to a price drop. However, despite recent miner selling activity, BTC rallied by over 7% hitting a top price of $64,043 on Friday. Bitcoin Miner Sales Remain Price Neutral As 100-Day EMA Hits Yearly Low On Friday, five wallet addresses last active in the Satoshi era i.e. the earliest days following the creation of Bitcoin, moved a combined 250 BTC, valued at…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Dogecoin finds itself at a crucial price level following a broader market surge driven by the Federal Reserve’s announcement of a 50 bps interest rate cut. The meme coin is teetering on the edge of breaking a key resistance level, which could trigger a significant rally to new highs. Currently trading near $0.11, Dogecoin has caught the attention of analysts and investors who are closely monitoring the next move. Technical indicators, including the Relative Strength Index (RSI), are beginning to signal a bullish outlook, suggesting that momentum may be building. Many analysts believe that if DOGE can successfully break…
[ad_1] Digital asset veteran Chris Burniske thinks the crypto market looks ready for a new bull run after witnessing months of correction. The former crypto analyst at ARK Invest says on the social media platform X that digital assets have sufficiently cooled off after rallying from late 2023 to early 2024. He shares a chart posted by Real Vision analyst Jamie Coutts to suggest that technical conditions are ripe for fresh surges. “Crypto’s now emerging from a textbook ‘early bull’ reset. While the path remains volatile, don’t get shook, and it’s not too late if you’re sidelined.” Source: Jamie Coutts/X…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…