An executive at Musk's social media company X has revealed the platforms payments "end goal" that could play havoc with the bitcoin price and wider crypto market...
JPMorgan Chase CEO Jamie Dimon has reiterated his critical stance on bitcoin, labeling it a fraud and dismissing its potential as a legitimate currency. Former FTX CEO Sam Bankman-Fried has agreed to a settlement that involves cooperating with legal actions against celebrities linked to FTX’s collapse. U.S. analysts are evaluating the impact of the proposed
As the bull run of 2024 advances, attention turns to the freshest tokens with potential for significant growth. This article dives into expert forecasts, highlighting several promising cryptocurrencies that could The post Top Analysts Predict Which New Tokens Could Skyrocket This Year appeared first on BitcoinWorld .
Google Cloud introduces a resource-rich Web3 portal. Portal includes tools for NFT creation and blockchain training. Continue Reading: Google Cloud Launches New Web3 Portal for Blockchain Developers
The crypto market is experiencing an exciting transformation as lesser-known coins begin to outshine the established giants. The year 2024 has unveiled a bull run, and investors are eager to The post Insider Tips: Altcoins Set to Surge Beyond Market Leaders in 2024 appeared first on BitcoinWorld .
The liquidation heatmap showed that the $0.483 and $0.527 were the next areas of interest.
The Bitcoin network has witnessed a surge in trading activity in the days after the halving, as shown by on-chain data. Although the just concluded halving brought a lot of attention to Bitcoin, the recent surge in trading activity can be attributed to something else. According to data from on-chain analytics platform IntoTheBlock, the number of daily BTC transactions has grown rapidly in the past few days to reach a new high of 927,000 thanks to a new token standard called Runes. Related Reading: Analysts Call It: XRP Primed For A 700% Surge – Details Bitcoin Daily Transactions Reach New All-Time High Bitcoin’s price has been skyrocketing since the beginning of the year with interest in the top cryptocurrency exploding. All that new interest means more people buying, selling, and trading BTC, which has led to a huge increase in the number of daily transactions. Despite the increase in activity, the number of daily transactions failed to break above the 724,000 record for the past four months, until recently this week. The main catalyst for this activity surge is the recent launch of the Runes token standard on the Bitcoin blockchain. The Runes Protocol is a new token standard on BTC that gives users a more efficient way of creating fungible tokens. The additional functionality provided by Runes opens up new possibilities for Bitcoin, allowing users to create non-fungible tokens more efficiently than the existing BRC-20 token system. Bitcoin is now trading at $63.711. Chart: TradingView The Runes token standard surged immediately among developers and users after launch, constituting over 68% of Bitcoin transactions recorded. According to Dune’s analytics dashboard, the number of Runes transactions surged to 753,000 on Tuesday, April 23. As a result, the total number of transactions on the day crossed over 927,000 to break the 724,000 record set in December 2023. Bitcoin hit a new all-time high in daily transactions! Following the launch of Runes, The number of Bitcoin transactions has increased rapidly, hitting 927,000 on Tuesday. This breaks the previous high of 724k set in December of 2023 pic.twitter.com/30JXbrLmdR — IntoTheBlock (@intotheblock) April 26, 2024 On the other hand, the hype surrounding the Runes token standard seems to have faded so quickly. The number of transactions on Runes has now fallen to 104,800 in the past 24 hours, constituting 26% of the total number of transactions. Bitcoin Price Prediction At the time of writing, Bitcoin is trading at $63,711 with a price resistance now around $64,500. Bitcoin’s price trajectory can be very tough to predict. Many Bitcoin analysts and traders are still looking forward to a bullish effect of the just concluded halving on the price of the cryptocurrency. A Bitcoin bull flag has just been formed which suggests the possibility of an uptrend very soon. Related Reading: The Machines Know: Bitcoin Primed For Epic Price Surge To $77,000 However, crypto expert Peter Brandt believes Bitcoin might have already reached its top in the current market cycle. His theory is based on the exponential decay thesis which shows that the percentage gain of Bitcoin price has reduced in succeeding market cycles. Featured image from Pexels, chart from TradingView
Solana meme coins have been on a roll this bull run, with BONK, WIF, and BOME being just some of the hot ones. The most recent addition, MANEKI, has caused quite a stir in the cryptocurrency world today, drawing considerable attention and trading activity. Solana’s newest memecoin, $MANEKI, has seen an incredible surge of 30,000%
With the bull run of 2024 in full swing, certain cryptocurrencies are capturing analysts’ attention. While some investors might be focused on established names, experts are pointing towards a few The post Forget Cardano, Crypto Analysts Recommend Keeping an Eye on These Cryptos in 2024 appeared first on BitcoinWorld .
Solana co-founder has made it clear