Increase

BNB price is attempting a fresh increase from the $545 zone. The price could gain bullish momentum if it clears the $585 and $590 resistance levels. BNB price started a fresh increase after it found support near the $545 zone. The price is now trading above $560 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $585 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair…

The resurgence of Bitcoin and the broader crypto market has minted a new class of billionaires. Over the past year, the total value of all outstanding cryptocurrencies skyrocketed by 170%, adding approximately $1.6 trillion to the market, which was largely fueled by the legalization of spot Bitcoin exchange-traded funds (ETFs) in the United States. This phenomenal growth pushed Bitcoin to a record high of $73,000 in March, creating new billionaires. 17 Crypto, Bitcoin Billionaires A new list of the world’s…

Ethereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. His statement comes amid concerns that Layer 3 networks are taking away from Ethereum’s value and security. L3 Doesn’t Magically Increase Throughput According to Buterin’s X post, there are alternative, potentially “lighter” approaches to achieve similar cost savings as those offered by Layer…

TL;DR Shiba Inu (SHIB) experienced a massive increase in token burns in March, with billions of SHIB removed from circulation. The development of Shibarium, SHIB’s layer-2 solution, has advanced significantly, potentially supporting further ecosystem growth and value appreciation. The second-largest meme coin – Shiba Inu (SHIB) – experienced a significant resurgence of its burning mechanism in March. Data shows that the burn rate for the past month resulted in over 15.5 billion assets destroyed. The biggest spike occurred on March 8 when…

Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above…

Bitcoin's rise after past halving events has ignited excitement among investors, hinting at a possible surge in value. Historically, these moments have often led to substantial gains. With attention on Bitcoin's potential, the spotlight also shifts to other emerging altcoins, which according to analysts, might experience significant growth. These alternative cryptocurrencies show promise, potentially multiplying their worth and offering fresh opportunities in the evolving digital currency landscape. BlastUP Presale Hits $2.5 Million: Anticipating the Next Big Thing in Crypto BlastUP,…

The crypto market continues to surprise, as on the day that news came out on the SEC investigation of ethereum, both $BTC, and $ETH completely ignored this bearish dynamic, and made big gains of 9.5% and 11% respectively. Bearish news - $BTC rockets up With huge outflows still taking place from the Grayscale Spot Bitcoin ETF (GBTC), and Blackrock (IBIT) and the other 8 ETFs languishing for the third straight day of weak inflows, bitcoin decided on a very solid…

In February 2020, Bitcoin mining difficulty lowered by 0.38%, and it may be partly a result of government quarantine against the coronavirus in China; hence the mining delays. Despite the decrease, the hash rate during the period posted strong performance and even hit an all-time high of 136 EH/s. Miners expect the total network difficulty rate to bounce back by over 10% on March 10, as hardware delivery slowdown caused by the coronavirus outbreak abates. Since mid-February, the Chinese government…