[ad_1] Bitcoin‘s scarcity is growing remarkably in the market as small and large-scale investors continue to accumulate a substantial portion of the available coins, which could bolster BTC’s value in light of recent upside price momentum, signaling a potential extension of the uptrend. A Significant Decline In Bitcoin Supply Ratio Kyle Doops, a technical analyst and host of the Crypto Banter show, has reported a notable shift in Bitcoin’s key on-chain supply metric, particularly the Long/Short-Term Holder Supply Ratio, triggering speculations about BTC’s next price trajectory within the community. The decline in the critical metric typically means that long-term holders…
Author: dfrancis36
[ad_1] A widely followed crypto analyst says that Bitcoin’s (BTC) still has upward momentum while updating his outlook on payments network Stellar (XLM). In a new thread on the social media platform X, pseudonymous crypto strategist Rekt Capital tells his 519,600 followers that it appears as if the top crypto asset by market cap’s technical uptrend will remain in place. “Bitcoin continues to hold its four-week technical uptrend line as support Bitcoin would likely need to lose this uptrend line if a deeper correction is to take place from these levels. So far, the technical uptrend remains intact.” Source: Rekt…
[ad_1] On December 12, 2024, the Dogecoin network was exploited when an “ethical” hacker uncovered a critical flaw. This exploit brought down a staggering 69% of the network’s active nodes, sparking serious questions about the security of decentralized systems and the risks that come with publicly accessible nodes.The Exploit and Its ExecutionAndreas Kohl, co-founder of the Bitcoin sidechain Sequentia, admitted to carrying out the attack using a vulnerability he called “DogeReaper”. He ran the exploit from nothing more than an old laptop while in El Salvador.I used a publicly disclosed (by @TobiasRuck) vulnerability to take down 69% of the Dogecoin…
[ad_1] Leading cryptocurrency asset Solana (SOL) is demonstrating notable renewed price momentum as it aims to challenge several key resistance points. These crucial levels have proven vital for its next major rally to higher levels, possibly to a new all-time high in the upcoming weeks. Price Breakout To Propel Solana’s Value Amid rising market optimism, Negentropic, a technical expert has underlined Solana as a crucial crypto asset to monitor, predicting that SOL might be gearing up for a huge upswing to higher price levels. The market expert points to renewed bullish momentum and key resistance levels, which could position SOL…
[ad_1] Ethereum (ETH) rival Avalanche (AVAX) has raised $250,000,000 from a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. According to a new announcement, Avalanche says that more than 40 companies participated in the sale, including SkyBridge, Hivemind and Morgan Creek Digital. A locked token sale means the tokens sold have certain vesting or lock-up periods. The proceeds will go toward supporting the blockchain’s upgrade called Avalanche9000. “The influx of capital follows the launch of the Avalanche9000 testnet, a key milestone that paves the way for the upcoming mainnet network upgrade on Monday, December 16th, which will…
[ad_1] Este artículo también está disponible en español. Bitcoin has remained range-bound between $99,000 and $102,000 since breaking above the psychological $100,000 level. While the breakout initially sparked excitement among investors, the current price action reflects market indecision, with no clear direction for the weeks ahead. Concerns about a potential correction linger as the broader market awaits stronger signals to confirm the next trend. Related Reading Top analyst Axel Adler recently shared insights on X, supported by data from CryptoQuant, highlighting two crucial support levels at $90,000 and $93,000. These levels represent key demand areas, underscoring that the market floor…
[ad_1] In his latest livestream , Charles Hoskinson, founder of Cardano (ADA) and CEO of Input Output Global (IOG), laid out a vision for the blockchain network’s governance, institutional structures, and strategic milestones leading into 2025. Over the course of a lengthy and candid address, Hoskinson wove together Cardano’s past governance efforts, current institutional frictions, and forthcoming priorities, repeatedly underscoring the imperative of decentralization, open participation, and active global engagement. Hoskinson opened by reflecting on the Constitutional Convention that recently concluded—a multi-year endeavor designed to forge a new governance framework for Cardano. “As many of you saw from the output…
[ad_1] Crypto giant Grayscale has launched two new trusts that offer investors exposure to liquid staking service Lido DAO (LDO) and scaling solution Optimism (OP). The new trusts add to the crypto firm’s more than 25 existing digital asset products. Rayhaneh Sharif-Askary, Grayscale’s head of product and research, praises the two altcoin projects for the benefits they bring to the Ethereum (ETH) ecosystem. “Lido is helping to democratize staking on Ethereum, and Optimism is critical in allowing Ethereum to scale to compete with newer, faster layer-1 blockchains. Grayscale Lido DAO Trust and Grayscale Optimism Trust provide investors with exposure to…
[ad_1] Este artículo también está disponible en español. Singapore-based crypto service provider Matrixport predicts that Bitcoin may reach as high as $160,000 by 2025. In a newly released report, titled Matrix on Target (Issue #2024-112), the firm outlines a scenario in which increased institutional adoption, macroeconomic evolution, and broadening global liquidity could push the leading cryptocurrency to unprecedented levels. Why Bitcoin Will Reach $160,000 In 2025 Matrixport’s research team notes that Bitcoin’s performance in 2024 exceeded multiple key price projections and validated their previous analytical frameworks. According to the report, this strength has been propelled by institutional investors who embraced…
[ad_1] Bitcoin investors received a jolt of optimism on Fox Business’ Mornings With Maria on December 13, 2024, when Digital Chamber founder and CEO Perianne Boring unveiled a staggering price prediction. Speaking with host Maria Bartiromo, Boring suggested that bitcoin could surge to $800,000 in 2025 under economic proposals set forth by President-elect Donald Trump.Personnel is policy: Perianne Boring pic.twitter.com/52IPUr2owR— Mornings with Maria (@MorningsMaria) December 13, 2024 Boring’s insights underscore how policy-driven macroeconomic factors could catalyze bitcoin’s ascent to historic highs. With its fixed supply, bitcoin’s unique scarcity positions it to thrive under conditions of increased adoption and favorable policy environments—a…