Balaji Srinivasan, a former CTO of Coinbase, has placed a $ 2 million bet that Bitcoin would hit the $ 1 million price mark in 90 days. This bet was in response to financial expert James Medlock who proposed a $ 1 million bet that the US would not enter hyperinflation despite the recent collapse of banks in the country.
Top 5 Cryptos Seen To Explode In Price In The Final Days Of February
At the time of writing, the market for cryptos was shaken by major coins plummeting to weekly support ranges. However, although it seems that sentiment is still negative with major digital currency assets losing a good percentage in their values, some are glowing in green in almost all time frames, according to Coingecko.
These five cryptos are set for a possible breakout in the short term. With macroeconomic indicators showing an improving situation in some areas, these cryptos are expected to make a surprise rally in the final days of February.
These 5 Little-Known Cryptos Could Make The Headlines In The Coming Days
The recent release of several macroeconomic indicators provided some impetus and improvements that the crypto market warmly welcomed. This led to major cryptos like Bitcoin and Ethereum to rebound from their slumps that caused the majority of digital currencies – the lesser-known ones included – to follow them as well.
Here are five cryptos that are making impressive gains lately and are worth keeping an eye on in the coming days.
DYDX Explodes 200% In Last 30 Days – How Much Firepower Does This Token Have?
The dYdX ecosystem has been growing since it was founded back in 2017. The exchange has now become one of the leading decentralized exchanges for trading perpetuals, a trading product similar to futures contracts minus the expiration dates.
According to Coingecko, the governance token of the exchange, DYDX, has catapulted 175% in the bi-weekly with the biggest gains made in the monthly time frame at nearly 200%. This has been caused by positive on-chain developments and the complete shift in sentiment in cryptocurrencies.
Bullish For Bitcoin, Why The Trading Volume Kept Soaring Over The Last 7 Days
Bitcoin is showing no weakness, and the bullish trend seems poised for an extension over the coming days. According to a report from Arcane Research, the cryptocurrency continues to lead the crypto rally as institutions return to the nascent sector, injecting more strength into the price action.
As of this writing, Bitcoin trades at $ 22,900 with sideways movement in the last 24 hours. Over the previous week, the BTC price records an 8%. Other cryptocurrencies in the top 10 by market cap are recording profits, moving with the benchmark crypto.
Bitcoin Bullish Signal: Large Whales Accumulated 37,100 BTC In Last 10 Days
On-chain data shows large Bitcoin whales have finally started accumulating in the last 10 days as BTC has rallied strong.
Large Bitcoin Whales Have Added 37,100 BTC To Their Holdings In Recent Days
As per data from the on-chain analytics firm Santiment, multiple Bitcoin holder groups have displayed some strong accumulation recently. The relevant indicator here is the “BTC Supply Distribution,” which tells us which wallet groups on the network are holding what percentage of the total supply right now.
Bitcoin Nears $21,000 Level, Rallies 24% In Last Seven Days Post-FTX Mess
Bitcoin is showing some renewed energy. As of writing, the top cryptocurrency is trading at $ 20,883, leading the crypto market to rally as optimistic investors enter the market.
This may seem as a surprise, but with the Consumer Price Index (CPI) data showing an improving economic trend, a further upwards break is possible for BTC.
Analysts say that if BTC breaks through this crucial resistance, the start of the bull market is at hand. However, rejection from this resistance is imminent at time of writing. Can Bitcoin overcome this in the next few days?
Alameda Wallets Swap Altcoins For Bitcoin, Days After Bankman-Fried Bail
The FTX/Alameda saga continues to keep the crypto industry on its toes. Just before Christmas, Sam Bankman-Fried (SBF) was released on a $ 250 million bail under house arrest, which his parents secured with the equity in their home.
A few hours ago, former Alameda Research wallets came to life, as noted by several on-chain analysts. Oddly enough, the transfers of altcoins come just shortly after Bankman-Fried was allowed to make himself comfortable in his parents’ home, equipped with an Internet connection.
Crisis For Already Struggling Bitcoin Miners: Revenues Plunge 15% In 7 Days
Data shows the already struggling Bitcoin miners have received another blow this week as their revenues have plunged by 15%.
Bitcoin Daily Miner Revenues Sharply Declined Following Price Crash
As per data from the latest weekly Arcane Research report, the daily mining incomes have dropped to just $ 16.3 million now.
The “daily miner revenues” are calculated by multiplying the total amount of Bitcoin that miners get in block rewards and transaction fees each day, with the current price of the crypto.
Since the block rewards are mostly fixed, the revenues mainly depend on the price and the transaction fees.
Price Point: Bitcoin Stays Above $20K as US Stock Futures Drop After 2 Days of Big Gains
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 5, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Better Days Coming: UN Urges Federal Reserve Not To Hike Interest Rates
Crypto prices immediately came crashing down after Federal Reserve Chairman Jerome Powell announced they are increasing interest rates during an economic summit on September 21.
Now, in a not-so-delayed reaction, the United Nations is calling on the U.S. central bank and other large western regulators not to continue raising their interest rates, a UN agency says.
The Fed and other central banks worldwide raised their interest rates with the objective of containing the onslaught of inflation. The UN Conference on Trade and Development (UNCTAD) warns, however, that this could trigger a worldwide economic crisis.
Glassnode: Bitcoin Short-Term Holder Profits Have Been Shrinking For 431 Days Now
Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now.
Bitcoin Short-Term Holder Supply In Profit Has Been In Compression Phase Recently
According to the latest weekly report from Glassnode, the STH supply in profit usually goes through three phases each cycle.
The “supply in profit” is an indicator that measures the total amount of Bitcoin currently being held at some profit on the network.
Bitcoin Price Down 13% In The Last 7 Days – Will BTC Continue Falling?
Bitcoin price is again being challenged by all sorts of elements. It’s a “fresh chill,” says one analyst as the crypto winter shows no signs of let-up.
The cryptocurrency market as a whole is beginning to exhibit indications of weakness (and that’s not surprising, actually), with capital outflows eroding recent gains.
As a result, Bitcoin price, which has corrected while struggling to maintain a price over $ 20,000, has been subject to extreme selling pressure.
Bitcoin had significant sell-offs on Friday night and was just trading below $ 21,500, down roughly 10% in the last 24 hours. The largest cryptocurrency in terms of market capitalization has decreased by 14% during the past week.
Iran Legalizes Crypto Mining Within Days of a Chinese Plea for ‘Better Conditions’
Iran is legalizing crypto-mining, giving a boost to this activity which was already booming despite the unfavorable position of the authorities. According to the Iran Chamber of Commerce, Industries, Mines and Agriculture, the government decided to give the green light to this activity, promoting a series of legal reforms that put an end to a […]
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Tesla’s Unhappy Birthday: Here’s Why Its Days May Be Numbered
July 1 has the unfortunate distinction of being the 16th birthday of the world’s most controversial car maker, Tesla Motors. Given the insanity of Elon Musk, it’s a wonder Tesla made it this far. Or rather, perhaps it’s because of the insanity of Elon Musk that Tesla is still around. Tesla: How Not to Run […]
The post Tesla’s Unhappy Birthday: Here’s Why Its Days May Be Numbered appeared first on CCN Markets
Raging Bitcoin Price Propels Crypto Market to Spike $25 Billion in 2 Days
By CCN Markets: In the past two days, the valuation of the crypto market has increased from $ 300 billion to $ 325 billion, supplemented by the strong upside movement of bitcoin. As the bitcoin price quickly moved from $ 8,000 to $ 11,000, major crypto assets in the likes of Ethereum, XRP, Bitcoin Cash, EOS, and Binance Coin recorded fairly large gains against the U.S. dollar. Little resistance, investors see momentum of crypto sustaining The bitcoin price has increased by nearly 190 percent year-to-date after dipping to around $ 3,150 in December 2018. The momentum of the crypto market has primarily been driven by
$10,000 Bitcoin Price Imminent in ‘the Days of Bitcoin Bug’: Analyst
By CCN Markets: On CNBC’s Fast Money, Cornerstone Macro’s Carter Worth stated that based on technicals, the trend of bitcoin is seemingly positive and is aiming for 2018 levels. Year-to-date, the bitcoin price has risen by 146 percent against the U.S. dollar from around $ 4,000 to $ 9,150 following a strong start to the second quarter of 2019. Why technical indicators show bitcoin is on a positive trend According to Worth, the bottom established by bitcoin in December 2018 at $ 3,150 has acted as an important support level for the dominant crypto asset. If key support levels continue to hold up
Crypto Bull Market? Bitfinex Raises $1 Billion in Just 10 Days
iFinex, the owner of Hong Kong-based cryptocurrency exchange Bitfinex, has reportedly raised the full $ 1 billion goal for its new exchange token, LEO. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for > 100m each. A legion of […]
New Website Promises to Unveil Satoshi Nakamoto in 10 Days
The hunt for Satoshi Nakamoto, which has beguiled internet sleuths for years, has taken another bizarre turn. A new website, Got Satoshi, shows a countdown timer to when it will unveil Bitcoin’s pseudonymous creator. The reveal will occur in 10 days’ time, when many bitcoiners will be gathered in New York for the annual Consensus summit. Although sure to be little more than a PR stunt with a disappointing reveal, the site has generated significant interest, demonstrating the enduring appeal of the Satoshi myth.
Also read: Europol Claims New Scalps – Chaos as Darknet Markets are Downed
Coinbase Users Can Finally Access Their Bitcoin SV (BSV) — 76 Days After Binance
Last November, Bitcoin Cash underwent a fork that created two new viable chains: Bitcoin Cash ABC (BCH) and Bitcoin Cash SV, now simply known as Bitcoin SV (BSV). While many moved on with their lives following the fork, investors on Coinbase have been forced to wait over 2 months to even hear news of their […]