Ika’s launch on the Sui blockchain introduces groundbreaking solutions like Programmable Bitcoin, decentralized custody, and AI guardrails.
The post Must Buy Meme Coins For 100% Surge This November? appeared first on Coinpedia Fintech News The cryptocurrency market is highly volatile as the market leader, Bitcoin (BTC) price has reclaimed the $72,000 level. However, the memecoin category has experienced a significant sell-off this week. Will the rising dominance of other crypto projects, will memecoin lose the race or will it make a meteoric comeback this November? Moreover, is this the …
The Crypto Fear & Greed Index has reached 77, signaling “Extreme Greed” in the market as Bitcoin trades…
Bitcoin (BTC) is still expanding in relation to the global M2 money supply. In 2025, M2 may continue to expand slowly in the US and the Euro Area.
Notcoin eyes a 60% breakout with bullish wedge setup—will whales and low BTC correlation spark a rally?
A Bitcoin wallet containing around 749 BTC, equivalent to roughly $53.2 million, has been reactivated after nearly 12 years of inactivity. This sudden move in funds was detected in the early hours of Tuesday, as blockchain tracking platforms such as Mempool and Whale Alert recorded a transfer of approximately 159.2 BTC, valued at $11.3 million, from this long-dormant wallet. Related Reading: Bitcoin Price Skyrockets Above $71,000: Key Reasons Explained The last known transaction from this address was back in November 2012, when Bitcoin’s price was around $10, making the wallet’s balance worth below $9,000. 💤 💤 💤 💤 💤 💤 A dormant address containing 749 #BTC (53,227,433 USD) has just been activated after 12.0 years (worth 7,974 USD in 2012)!https://t.co/5SzBYeKlk1 — Whale Alert (@whale_alert) October 29, 2024 Details Of The Moved Millions Data from on-chain monitoring platform Mempool, shows that the recent transaction was conducted at 7:28 a.m. UTC. Of the 159.2 BTC transferred, about 124.2 BTC, or $8.8 million, was sent back to the sender’s address, labeled as “change” by blockchain analytics firm Blockchair. The remaining 35 BTC, or $2.4 million, was transferred to an unknown address. Details surrounding the wallet’s owner and their intentions remain unidentified, leaving the crypto community speculating on the motive behind the transaction and the identity of the long-term Bitcoin holder. However, the timing of the awakening of this dormant wallet is quite noteworthy. It comes at a time when Bitcoin has been seeing consistent increases in price in recent weeks. Particularly, the asset has finally broken above the $70,000 resistance with a current trading price of $72,638 up by 5.3% in the past day. Notably, movements from long-inactive wallets have historically generated intrigue, with crypto enthusiasts theorizing that these could be the actions of early adopters, lost-and-found wallets, or entities choosing strategic timing to engage with the market. Although the reason behind this wallet move of its BTC isn’t certain, reactivating wallets like this one especially as Bitcoin continues to surge in price might indicate shifts in holders’ strategies, driven by favorable market conditions or other personal financial objectives. Bitcoin Onchain Performance Awakening of wallet aside, Bitcoin has been seeing quite an interesting and positive trend behind the scenes, especially regarding on-chain metrics. So far, analysts have highlighted several BTC metrics that are now flashing a positive momentum for the asset, suggesting further price increases. For instance, yesterday, a CryptoQuant analyst known as Darkfost disclosed that Bitcoin hash ribbons have flashed a buy signal. Darkfost noted: Historically, purchasing Bitcoin during a Hash Ribbons signal has aligned with strong long-term returns. Recently, we saw another signal following the major one this past summer. Another metric suggesting price increase for Bitcoin highlighted by a CryptoQuant analyst named BinhDang is the Stablecoin Supply Ratio Oscillator (SSRO). According to BinhDang in a recent post, this metric has bottomed to levels not seen in 2022. A move that preceded a rally. Notably, the Stablecoin Supply Ratio Oscillator provides insights into Bitcoin market demand by analyzing Bitcoin’s market cap against that of major stablecoins. Related Reading: Bitcoin Bull Run Not Over Yet? This Ratio Has Just Seen A Golden Cross The oscillator measures the extent to which stablecoins, commonly used for Bitcoin purchases, flow into Bitcoin and thus signal purchasing interest. A low value of the metric signals more stablecoins are being converted to Bitcoin, therefore suggesting increasing demand. Featured image created with DALL-E, Chart from TradingView
A gigantic net inflow of $827M to the Spot Bitcoin ETFs on Tuesday helped to push $BTC practically to its all-time high of $73,800. The price has since pulled back to settle around $72,000. Will the $BTC price now go on to top that all-important landmark, or is a retracement on the cards first?
The post Crypto Price Today (Oct 30th, 2024): Bitcoin Profit-Taking Curbs ATH Hopes? appeared first on Coinpedia Fintech News The crypto business has portrayed a constant rise of 3.83% over the previous day, bringing the global market cap to $2.44 Trillion. Successively, the intraday trading volumes have also shot up by 5.95% to $103.73 billion. The Fear & Greed Index with a score of 67 continues to signal “Greed” amongst traders, despite the BTC …
The Bitcoin (BTC) mining sector is experiencing renewed investor interest, driven by Bitcoin’s recent rally past $70,000 and a shift … Continue reading The post 2 Bitcoin mining stocks not to ignore amid growing AI demand appeared first on Finbold .
Ethereum growth subpar compared to Bitcoin's