Category: Cryptocurrency News

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A renowned crypto trader and analyst has recently shared bold predictions regarding the future of the cryptocurrency market. In a comprehensive analysis, Crypto Busy has pointed towards a potential boom in alternative cryptocurrencies (altcoins), suggesting the possibility of significant gains in the near future. Related Reading: XRP Price Drops After Massive Whale Dump, Casting Doubt On $1 Target In April According to him, altcoins could experience remarkable growth, with the potential for values to multiply by up to 1,000 times. Altcoins: Historical Trends & Market Dynamics Crypto Busy’s analysis draws upon historical observations of the cryptocurrency market, particularly during previous bullish phases. Notably, fluctuations in Bitcoin’s dominance have often corresponded with increases in the value of altcoins. This pattern suggests that as Bitcoin’s value surges, altcoins could witness substantial appreciation, providing astute investors with ample opportunities for diversification and profit. The next wave of crypto gems will rise, and another set of 100x to 1000x tokens will born once the #Bitcoin price pumps while the #BTC dominance remains low. During the last bull run, $BTC dominance ranged from 38% to 48%, so altcoins went crazy! Hope you bagged a lot of… pic.twitter.com/N0QWEWGBsr — CryptoBusy (@CryptoBusy) April 7, 2024 The market dynamics highlighted by Crypto Busy underscore the evolving nature of the cryptocurrency ecosystem. While Bitcoin remains the dominant force, its fluctuations can create openings for altcoins to emerge as significant players in driving market growth. This interplay between Bitcoin and altcoins presents investors with a dynamic landscape to navigate, where strategic decisions can yield substantial returns. Navigating Market Volatility And Seizing Opportunities In light of the market’s inherent volatility, the analyst emphasizes the importance of strategic investment approaches. By identifying undervalued altcoins during market downturns, investors may position themselves to capitalize on future rallies. Related Reading: Sleeping Giant Awakens! Ethereum Whale With Over 12,000 ETH Creates Noise This strategy aligns with timeless investment principles, reinforcing the notion that buying assets when they are undervalued can lead to significant returns when market conditions improve. Chart: TradingView Adapting To The Evolving Crypto Landscape Beyond individual profit potential, Crypto Busy’s analysis sheds light on the evolving dynamics of the cryptocurrency ecosystem. As Bitcoin solidifies its position as the dominant digital asset, its impact on the broader market, including altcoins, becomes increasingly significant. Total crypto market cap currently at $2.59 trillion. Chart: TradingView Crypto Busy’s analysis offers valuable insights into the potential for an altcoin boom in the cryptocurrency market. While the prospect of 1,000 times gains may seem ambitious, historical trends and market dynamics support the notion that altcoins could play a significant role in driving future market growth. Featured image from Pixabay, chart from TradingView

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According to the CEO of Keychainx, new wallet features and security upgrades, such as 25-word passphrases, Shamir secrets, and two-factor authentication (2FA) for Electrum wallets, can decrease the likelihood of recovery if access is lost. The CEO stated that advanced artificial intelligence (AI) models, algorithms, and new GPU technologies have significantly improved the chances of […]

With the fourth Bitcoin halving just 12 days away, the community is buzzing with anticipation, speculating on the potential for Bitcoin to breach the significant $100,000 threshold. Joe Consorti of Theya Research has offered a comprehensive analysis, diving into the intricacies of Bitcoin’s current market position and the factors that might catapult its value to new heights. This event, a cornerstone in Bitcoin’s design to halve the rewards for mining new blocks every four years, historically triggers a bullish momentum, and the present scenario appears to be aligning with past precedents. The Significance Of Bitcoin’s Consolidation Phase Consorti’s analysis titled, “Bitcoin’s 4th Halving Is [12] Days Away, and $100,000 Isn’t Much Further Behind It”, begins with a deep dive into Bitcoin’s ongoing consolidation phase, which he argues is a critical period that precedes a potential bull run. “Bitcoin continues its consolidation. In keeping with its previous phases of consolidation at $30k and $40k, BTC spends several weeks at key psychological price levels exchanging hands between buyers and sellers before advancing higher,” Consorti stated on X. Related Reading: FOMO Gives Way To Fear: Bitcoin-Ethereum Ratio Signals Shift In Crypto Sentiment He emphasizes that this is the sixth week of Bitcoin’s consolidation above $60,000, marking the least volatile period at this price level and following a new all-time high. This, according to Consorti, signals a strong market confidence that could be the foundation for the next surge. The analysis further explores the broader market dynamics, particularly the correlation breaks within the current cycle that have made the stock market an unreliable indicator of US economic sentiment. “The market at large has experienced massive correlation breaks this cycle […] This has a great deal to do with businesses extending their debt maturity during 2021 when rates were still low, and the US Treasury’s massive crisis-level fiscal deficit,” Consorti explains. He argues that these factors have contributed to the decoupling of traditional economic indicators from the stock market’s performance, inadvertently benefiting asset prices, including Bitcoin. The Role Of ETFs And The Spot Market A significant portion of Consorti’s analysis is dedicated to the behavior of Bitcoin ETFs and their interaction with the spot market. Despite a slowdown in net inflows to Bitcoin ETFs, the volume remains robust, indicating a healthy market. “This was one of the lowest weeks yet for BTC ETF inflows, although when you net in the outflows they are still healthy compared to previous weeks,” Consorti notes, suggesting that ETF shares are actively exchanging hands, mirroring the consolidation seen in the spot market. Related Reading: $115-Million Bitcoin Whale Wakes Up From 10-Year Slumber – What’s Next? This interplay between ETFs and the spot market, according to Consorti, provides a stable foundation for Bitcoin’s price, further solidifying the case for an impending bull run. “The funding rate is extremely muted, and we’re still at the same price [around $70,000]. In this period of consolidation, the spot market has really taken control of Bitcoin price action. This will mean more stable footing for the ensuing bull run, raising my confidence further that this consolidation is preceding a move higher rather than lower,” Consorti concluded. Expert Consensus On The Bullish Outlook Consorti’s optimistic forecast is echoed by other industry experts, who have also shared their bullish predictions. CRG, another renowned analyst, emphasized the significance of Bitcoin’s recent performance, stating, “Great weekly close. Fresh all-time highs this week,” indicating a positive momentum that could be sustained in the post-halving period. Great weekly close Fresh all time highs this week Source: my plums pic.twitter.com/wyxwomdDjZ — CRG (@MacroCRG) April 8, 2024 TechDev, a crypto analyst, highlighted a rare pattern in Bitcoin’s trading history: “It doesn’t happen often. Bitcoin closed 2 consecutive months over the upper Bollinger band. Each time it has then doubled within 3 months before the next red candle.” This historical pattern, if repeated, could potentially drive Bitcoin’s price way beyond $100,000. It doesn't happen often.#Bitcoin closed 2 consecutive months over the upper Bollinger band. Each time it has then doubled within 3 months before the next red candle. pic.twitter.com/veOOOmT8Id — TechDev (@TechDev_52) April 7, 2024 Daan Crypto Trades provided a technical perspective, focusing on Bitcoin’s resistance levels and potential targets: “Thoses previous ‘resistances’ didn’t end up putting much of a fight. It’s just the previous all-time high that’s making the price stall for the time being. Targets above are ideas for price discovery if we can leave this area behind us.” Daan’s targets are the 1.272 Fib at $83,562, the 1.414 Fib at $91,164 and the 1.618 Fib at $102,085.” #Bitcoin High Timeframe Level Cheat Sheet ✍️ Thoses previous “resistances” didn't end up putting much of a fight. It's just the previous all time high that's making price stall for the time being. Targets above are ideas for price discovery if we can leave this area behind us. https://t.co/AeP9vzOk7M pic.twitter.com/BWvcg8EjLE — Daan Crypto Trades (@DaanCrypto) April 7, 2024 At press time, BTC traded at $69,739. Featured image created with DALL·E, chart from TradingView.com

It is now doubtful that the Ripple Labs cryptocurrency, XRP, would be able to hit the much-anticipated $1 price objective this month as its pricing has taken a negative swing today. The market’s general unease over the impending Bitcoin halving and a significant transfer of XRP tokens by a whale also correspond with this fall. Related Reading: Fear Grips XRP Market As Liquidations Top $6 Million – Details Whale Offloads Millions Of Tokens Data from from blockchain tracker Whale Alert shows that an unknown wallet transferred nearly 25 million XRP tokens worth $14.75 million, to the cryptocurrency exchange Bitstamp. This transaction sparked speculation within the crypto community, with many attributing the subsequent price dip to the whale’s sell-off. The timing of this transfer is particularly noteworthy as it follows a pattern observed in the past. When Ripple Labs strategically acquired stakes in cryptocurrency exchanges, similar whale movements to these exchanges were witnessed. This led some to believe that Ripple might be attempting to manage the altcoin’s market supply, potentially causing price fluctuations through controlled exchange inflows. 🚨 24,880,000 #XRP (14,752,878 USD) transferred from unknown wallet to #Bitstamphttps://t.co/wdX27lI223 — Whale Alert (@whale_alert) April 7, 2024 Bearish Sentiment Grips XRP Market Further contributing to the price decline were signs of dwindling investor interest in XRP. On-chain data revealed a decrease in activity related to its derivatives, suggesting a potential drop in investor confidence. XRP market cap now at $32 billion. Chart: TradingView. Additionally, data from Coinglass showed a decrease in open interest for XRP futures contracts, alongside liquidations exceeding over $280,000 within a single day. These indicators collectively paint a picture of a bearish market sentiment surrounding the digital asset. Source: Coinglass Bitcoin Halving Throws Uncertainty Into The Mix The upcoming Bitcoin halving, an event that significantly reduces the number of new Bitcoins entering circulation, has injected uncertainty into the broader cryptocurrency market. While historically such events have led to price increases for Bitcoin, the short-term impact on altcoins like XRP remains unclear. Some analysts believe the crypto could benefit from a post-halving Bitcoin surge, while others anticipate a more complex interplay between the two currencies. Can XRP Still Reach $1 In April? The recent price drop undoubtedly makes the $1 target for XRP in April seem less attainable. However, dismissing the possibility entirely might be premature. The cryptocurrency market is known for its volatility, and unforeseen events could trigger a rapid price increase for the coin. Related Reading: XRP Battle Cry: Must Rally 70% To Reconquer $1 Peak After Market Turmoil Moreover, some analysts retain their optimistic outlook, believing that the bullish sentiment surrounding the token, coupled with the potential tailwinds from the Bitcoin halving, could still propel XRP towards the coveted $1 mark. Featured image from Pexels, chart from TradingView

I bought some bigtime on uniswap and noticed there is no hash under transaction history, however there is a hash under token transfers tab and under "from" it says "MevBot…address…" Is this the reason why there is no hash in transaction history tab? Should I be consurned in any way? Thanks. submitted by …
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Throughout this week, while bitcoin and ethereum have been consolidating, vibrant discussions about the elusive ‘Altcoin Season’ have intensified across forums and social media platforms like X. Some anticipate that a rally among altcoins is on the horizon, even though the Altcoin Season Index still suggests it is “not Altcoin Season.” Altcoin Season Index Inches […]

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguayan lawmakers introduce a bill to ban cryptocurrency mining, Brazil to change crypto taxation framework, and a poll finds that Latam believes CBDCs might help combat corruption in the region. Paraguayan Lawmakers Introduce […]