Category: Cryptocurrency News

submitted by /u/SpaceBrigadeVHS [link] [comments]

In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency market upswing, PYUSD has shown minimal activity […]

I heard twice that Zachxbt was investigating Meme Kombat token. And one guy said it was already analyzed and that the code is total crap. I would like to know if there is some confirmation of this? Is Zack analyzing this project now? ​ ​ submitted by /u/Whole_Sandwich6089 [link] [comments]

As Bitcoin (BTC) continues its unprecedented uptrend, surging to a new all-time high (ATH) of $72,300, software company MicroStrategy remains steadfast in its vision. It is reaping substantial rewards from its strategic investment in the largest cryptocurrency in the market.  MicroStrategy, led by renowned Bitcoin supporter and former CEO Michael Saylor, recently made a major acquisition, further solidifying its position in the digital asset market. MicroStrategy Bitcoin Investment Pays Off According to a filing with the US Securities and Exchange Commission (SEC), MicroStrategy acquired approximately 12,000 BTC between February 26, 2024, and March 10, 2024, for approximately $821.7 million in cash. The average purchase price per Bitcoin was $68,400.  Additionally, MicroStrategy recently completed an offering of convertible senior notes due 2030, raising $800 million in funds. With this latest acquisition, MicroStrategy’s Bitcoin holdings now stand at a staggering 205,000 BTC, acquired for $6.9 billion. Related Reading: Record $1 Billion In Shorts Risk Liquidation If Bitcoin Hits This Price MicroStrategy’s stock trades at $1,557, representing a remarkable 9% gain within 24 hours. The company’s shares have demonstrated a sustained and continuous upward trajectory since February 26, coinciding with Bitcoin’s $50,000 consolidation phase breakthrough.  Over two weeks, Bitcoin surged to its present trading price, establishing a notable correlation between the leading cryptocurrency and MicroStrategy. This correlation has further solidified the company’s strategy and contributed to its stock’s performance. MicroStrategy’s strategic investment in Bitcoin has yielded remarkable results. The company now boasts a profit of $7.7 billion on its Bitcoin holdings, which translates to a remarkable return of 112% so far as Bitcoin breaks new all-time highs. ETF Expert Astounded By Bitcoin ETF Success The rapid rise of Bitcoin Exchange-Traded Funds (ETFs) has surpassed even the most optimistic projections. Bloomberg ETF expert Eric Balchunas highlighted the growth of these funds in a recent post on social media site X (formerly Twitter). The expert noted that assets under management (AUM) surpassed $55 billion, and trading volume reached an impressive $110 billion.  Balchunas acknowledged that achieving such numbers in just two months was nothing short of “absurd,” far exceeding what would normally be considered successful even at the end of a full year. Related Reading: Crypto Analyst Unveils 7 Memecoins To Turn $1,000 Into $1 Million In addition, in a surprising turn of events for the ETF expert, Blackrock’s IBIT ETF and Fidelity’s FBTC have emerged as the leaders among all ETFs in terms of year-to-date (YTD) flows through the middle of March. This unexpected feat positions these Bitcoin ETF offerings as major players in the ETF market, attracting the attention and interest of investors seeking exposure to the digital asset. Currently, BTC continues its uptrend, aiming to solidify and consolidate above the $70,000 threshold, which would put the cryptocurrency in a good position to reach the $100,000 mark in the rest of the year.  Featured image from Shutterstock, chart from TradingView.com

KeychainX AG, a Swiss-based crypto recovery company, has been assisting people in accessing their lost crypto since 2017. The company also holds patents around the world for a keyless crypto wallet that utilizes biometrics, such as fingerprints or even DNA. Robert Rhodin is the CEO of KeychainX. He recently joined the Bitcoin.com News Podcast to […]

While bitcoin and ethereum have gathered 8.9% and 13.5% gains against the U.S. dollar this week, a large handful of crypto assets recorded double-digit rises. At present, the crypto economy is now valued at $2.72 trillion, up 3.62% over the past day. Crypto Economy Swells to $2.72 Trillion On Monday, over two dozen crypto assets […]

I got my bigger bags on my ledger and am prepping to take some profits. I have a Kraken, Binance and CB account and planning to cash out in EUR. What would be the cheapest way in your opinion. Already have that Kraken escrow thingy set up! submitted by /u/1010_warrior [link] [comments]

submitted by /u/Beyonderr [link] [comments]

A crypto analyst has forecasted Bitcoin’s price to surge to unprecedented highs ahead of the 2024 Bitcoin halving event scheduled for April. The cryptocurrency has already been experiencing significant gains, surpassing its previous all-time high to trade above $70,000.  Bitcoin’s Path To $200,000 In a recent X (formerly Twitter) post, crypto analyst, Gert van Lagen provided a compelling narrative supporting Bitcoin’s bullish trajectory leading up to the halving event in April 2024.  Related Reading: Crypto Expert Says Dogecoin, Shiba Inu, PEPE, Others Are About To Explode Sharing a price chart illustrating Bitcoin’s recent bullish movements, Lagen revealed that the cryptocurrency doubled in value within 10, 18 and 84 days following its surge to new all-time highs. As a result of this massive rallying trend, the analyst confidently expressed his belief that a move to $200,000 before the halving cycle in April is becoming more plausible.  Traditionally, the Bitcoin halving marks an event where the rewards for mining new blocks are cut by half, leading to a subsequent reduction in the cryptocurrency’s supply and contributing to a sustainable increase in its value. The highly regarded four-year event is usually accompanied by a significant bull run for Bitcoin and other cryptocurrencies within the market.  Contrary to historical patterns indicating that the Bitcoin bull run typically aligns with the halving event, the cryptocurrency has been experiencing unprecedented gains in anticipation of the halving, leading analysts to consider the possibility of an even larger price jump during the event.  The cryptocurrency’s achievement of a new all-time high before the halving stands as an extraordinary occurrence, underscoring the immense demand and growing popularity of Bitcoin in the crypto space.  Including Lagen, other analysts have predicted bullish outcomes for Bitcoin ahead of the halving event. According to crypto analyst, “The Bitcoin Therapist,” on X, Bitcoin is expected to rise to $100,000 by April. Additionally, a steady rise to new all-time highs at $75,000 is expected to occur before the halving, as stated by another crypto analyst.  Bitcoin Smashes Through $70,000 Barrier Following its previous surge to $70,000 on Friday, March 8, 2024, Bitcoin encountered a minor setback, retracting to a level just above $69,000. However, in the last 24 hours, the cryptocurrency has recorded an unprecedented surge, amassing approximately 2.68% and currently trading above the $71,000 price mark, according to CoinMarketCap. Related Reading: Shiba Inu BONE Token Garners Over 20,000 Picks On Binance Futures NEXT Program This price increase marks a historic milestone for the cryptocurrency as it reaches an all-time high above $71,000 for the first time. As of this moment, Bitcoin is trading around $71,312, experiencing significant price fluctuations that have contributed to its recent gains. The cryptocurrency’s 24-hour trading volume is also up by 82.80%, underscoring the increasing demand and interest in the pioneering digital currency. BTC price at $71,581 | Source: BTCUSD on Tradingview.com Featured image from Yahoo Finance, chart from Tradingview.com