Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
BTC
100X Predicted Koala Coin (KLC) Lights Up the Market: Ethereum (ETH) & Bitcoin (BTC) Traders Add a Touch of Whimsy to Their Portfolios
Exciting newcomer Koala Coin (KLC) emerges at a time when crypto giants Bitcoin (BTC) and Ethereum (ETH) are carving their marks through significant market shifts and tech innovations. This novel contender is set to captivate the crypto community with its presale phase. Currently positioned at stage one and valued at $0.014, Koala Coin (KLC) transcends the traditional investment paradigm by offering an expedition into a realm where the zest of memes collides with financial ingenuity. Koala Coin (KLC): The New…
1 year ago
This Bitcoin Metric Signals Caution Despite Attempts to Reclaim $67K: BTC Price Analysis
Bitcoin’s price has recently found support around the significant $60K price level, initiating a period of sideways consolidation correction. However, buyers are aiming to reclaim the $73K threshold in the mid-term, propelling the price towards a new all-time high. Technical Analysis By Shayan The Daily Chart A detailed analysis of the daily chart indicates that Bitcoin’s price has entered a mid-term corrective phase following a notable surge towards the all-time high of $73K. This consolidation has extended towards the crucial…
1 year ago
Crypto Summer and ‘Banana Zone’ Altseason After BTC Halving: Raoul Pal
CEO and co-founder of Real Vision Group and Global Macro Investor Raoul Pal said macro and crypto summer has already started in a post on X on March 25. The prediction is part of his ‘Everything Code’ thesis that explains market movements due to macroeconomic influences. It is all driven by liquidity, which bottomed at the end of 2022, he said before adding that “macro summer and fall are all about liquidity rising,” and liquidity should rise “all the way…
1 year ago
These Are Last Week’s Top Performers as Bitcoin (BTC) Eyes $67K (Market Watch)
Bitcoin recovered most of the recent price falls in the past 12 hours or so, and the asset has gained more than five grand since the Friday low. Several altcoins have outperformed it, with SOL nearing $190, while NEAR and ICP have soared by double digits. BTC’s Recovery Last week didn’t go all that well for the primary cryptocurrency. It all started with a price drop on Monday that pushed the asset south hard. The landscape worsened on Tuesday with…
1 year ago
Bitcoin Vault (BTCV) Proudly Announces Mining Decentralization with Bitcoin (BTC) Merge Mining Opportunity
Bitcoin Vault (BTCV) has recently completed a successful fork and can now be merge mined alongside Bitcoin (BTC) in a decentralized manner. Bitcoin Vault (BTCV) was launched in 2019 as an alpha chain. It was development heavily between December 2019 and November 2020, which saw the release of the key feature enabling reversible transactions on the blockchain. Bitcoin Vault is the world’s first cryptocurrency that allows users to cancel transactions after they are posted to the blockchain. This revolutionary approach…
1 year ago
What You Need to Know About Bitcoin Ordinals
Bitcoin Ordinals are digital assets inscribed on a satoshi, the smallest denomination of a Bitcoin (BTC). This strategy allows users to create Non-Fungible Tokens (NFTs) on the Bitcoin blockchain. NFTs are unique digital assets representing art, collectibles, and more. Ordinals have become popular due to their ability to provide an extra layer of security and decentralization for Bitcoin transactions. This has caused a surge in Bitcoin network development, making it easier for users to store assets securely. The Ordinals protocol…
2 years ago
Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High
With Bitcoin surging to reach a new 2023 high, MX has been the top performer in exchange tokens, with a 7-day growth of 32%. Bitcoin's price rising over $25,000 has sparked a frenzy of activity in the cryptocurrency market. With investors flocking to take advantage of the price gains, the trading volume for top exchanges has significantly increased. As one of the leading exchanges, MEXC announced that its futures business made a significant breakthrough, with an average daily trading volume…
2 years ago
Tesla’s BTC Positions Remained Unchanged in Q4 of 2022
According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…
2 years ago
Ethereum Recorded 4x More Transactions in 2022 But BTC Remains Popular
2022 saw crypto second-in-command the Ethereum network surpass Bitcoin in terms of transactions. Indeed, Ethereum reeled in four times the amount of transactions BTC processed in the past 12 months. Interestingly, despite this, BTC was able to retain its status as the best-known cryptocurrency, netting more searches than Ethereum did. BTC Attracts the Most Online Interest in 2022 An analyst shared data on Reddit from financial services corporation Nasdaq alongside investment research platform Ycharts pertaining to both crypto assets. Per…
2 years ago