Cryptocurrency - news

Bitcoin is currently trading at $98,403, showcasing a dynamic interplay of market forces across short-term, medium-term, and long-term charts. Bitcoin Bitcoin‘s 1-hour chart reflects recent price fluctuations, with bitcoin peaking at $101,407 before succumbing to bearish pressure, reaching a low of $97,931. Lower highs suggest a short-term downtrend, while volume spikes align with sell-offs, reinforcing […]

The PEPE price recently reached a new all-time high (ATH) of $0.00002716, becoming the first major meme cryptocurrency to do so in the ongoing bull cycle. This rally to a new PEPE all-time high was driven by increased whale activity and accumulation. Whale Accumulation Fuels PEPE’s Bullish Momentum Data shared by crypto analyst Ali Martinez on social media platform X highlights that PEPE whales recently added $1.14 billion in PEPE to their holdings, pushing the total whale-controlled amount to $7.56 billion. This plays into a bullish run over the weekend, which saw PEPE’s market cap surpass $10 billion for the first time. At the time of writing, PEPE has a market cap of about $11.17 billion, meaning this holder cohort now controls about 67% of the total market cap. Related Reading: Technical Analysis Puts XRP Price Above $5 In Next 3 Days, Whales Buy $288 Worth Of XRP Interestingly, on-chain data shows the surge in whale accumulation didn’t just start yesterday. IntoTheBlock’s Balance [...]

MicroBT Unveils New-Gen WhatsMiner M6XS++ Series at Bitcoin MENA 2024

Move-based blockchains continue to attract developers due to the expressiveness and unique architecture of the Move programming language.

Dogecoin experienced a modest rally yesterday, breaking past its local highs and reaching $0.484. The move excited the DOGE community, as the meme coin seemed ready for further gains. However, the price has since retraced slightly, failing to confirm a breakout above this critical resistance. Top analyst and trader Cheds shared his insights on X, revealing that Dogecoin is pressing against its range highs. According to his technical analysis, a confirmed breakout above these levels could set the stage for a significant rally, potentially driving DOGE toward new all-time highs. Related Reading: Large Ethereum Transactions Grow As ETH Breaks Yearly Highs While the recent price action has sparked optimism, the market remains cautious, with bulls needing to sustain momentum for any meaningful upside. Cheds highlights the importance of breaking above these critical resistance levels, emphasizing that a successful move could pave the way for DOGE to reclaim its bullish narrative. With [...]

The crypto market broke numerous records last week, with Bitcoin surging past $100,000 for the first time and Ether revisiting $4,000.

Polish authorities have arrested Dmitry V., the former chief of the Russia-based crypto exchange WEX,.. The post Former WEX Chief Arrested in Poland Amid U.S. Extradition Request appeared first on 99Bitcoins.

Bitcoin faces a giant inefficiency on short timeframes as a week full of potential volatility starts with a wobble.

Crypto analyst Cantonese Cat (@cantonmeow) suggests a scenario in which Dogecoin could reach $1 or even $2 relatively quickly. Posting on X, the analyst stated: “DOGE closed 3 weeks in a row above 0.786 log fib, which makes higher prices possible; don’t be surprised if it hits $1 or $2 in a hurry.” Why Dogecoin Is Even More Bullish Than Last Cycle In a recent YouTube video, Cantonese Cat provided in-depth technical analysis, comparing Dogecoin’s current cycle to its previous historic run. The analyst highlighted that last cycle, the price faced rejection around the 0.786 Fibonacci level (log scale) before pulling back and consolidating at the 0.618 level for approximately four weeks. This time, however, Dogecoin appears to be sustaining price action above the 0.786 log Fibonacci level without a deeper correction. According to Cantonese Cat, “So far we’re above the 0.786. That’s insane. It looks like it just wants to keep going up higher forming a very nice bull flag.” Related Reading: [...]

More than 7% of Australian fintechs closed in 2024, with blockchain firms leading the decline, a KPMG report revealed.

The National Center for Public Policy Research, a Washington, D.C.-based think tank advocating for free-market.. The post Think Tank Urges Amazon to Consider Bitcoin Treasury Strategy at 2025 Shareholder Meeting appeared first on 99Bitcoins.

HIVE Digital Technologies, the publicly listed Bitcoin miner from Wall Street (NYSE: HIVE), reported lower crypto output in November while announcing significant expansion plans to triple its mining capacity by mid-2025.HIVE Digital Reports 103 Bitcoin Mined in NovemberThe Wall Street Bitcoin miner's November production represents a decline from 117 Bitcoin mined in October, though its total holdings grew 67% year-over-year to 2,713 BTC, valued at approximately $261 million at month-end.HIVE maintained an average hashrate of 5.3 EH/s in November, with daily production averaging 3.42 Bitcoin. The company's mining fleet operated at an efficiency rate of 22.3 joules per terahash, reaching a peak performance of 5.7 EH/s.“November has been a monumental month for HIVE, marking a significant step in our journey to capture 2% of the global Bitcoin network,” commented Frank Holmes, the Executive Chairman of HIVE. “This expansion underscores our team’s commitment to efficient, eco-conscious [...]

Crypto analyst Tony Severino has revealed that the Bitcoin price bull run could end as soon as January 2025. The analyst further projected that BTC will top below $150,000 as its bull run ends by next month.  Bitcoin Price Could Top By January 2025 Below $150,000 In an X post, Tony Severino reaffirmed his theory that the Bitcoin price could top as soon as January 20, 2025.  He shared an accompanying chart showing that BTC follows a textbook example of a “complete” market cycle. The chart showed that Bitcoin could top below $150,000 as it reaches the market top next month.  Related Reading: Technical Analysis Puts XRP Price Above $5 In Next 3 Days, Whales Buy $288 Worth Of XRP The chart shows that the Bitcoin price is on the last leg of this market cycle’s motive wave. Once this motive wave is done, possibly as soon as January 2025, the corrective wave of this market cycle will begin. This wave, which ushers in the bear market, could last until mid-2027 and cause BTC to retrace to as [...]