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CATEGORY: market


Sep 10, 2024 02:00

Unisat-backed Bitcoin scaling solution Fractal Bitcoin launches mainnet

Fractal Bitcoin launches mainnet, leverages Bitcoin Core code for enhanced scaling. The network offers sub-30-second block confirmations and a 20x capacity increase. The network’s native token, FB, supports proof-of-work mining, with half pre-mined for allocations. Fractal Bitcoin, a groundbreaking Bitcoin scaling solution, has officially launched its mainnet, ushering in a new era for Bitcoin scalability. […]

The post Unisat-backed Bitcoin scaling solution Fractal Bitcoin launches mainnet appeared first on CoinJournal.

Sep 10, 2024 04:10

US States to Reimburse Investors in $1B GSB Crypto Scheme Settlement

U.S. officials have reached a settlement with GSB Group head Josip Heit over an alleged $1 billion illicit cryptocurrency scam. The five states took this action in an effort to recoup investment funds totaling millions of dollars. To safeguard financial market investors, authorities throughout the world, including those in the

Sep 10, 2024 02:00

FTM, AAVE, TAO see double-digit gains as Bitcoin retests $57k

Fantom (FTM), Bittensor (TAO) and Aave (AAVE) are among the biggest gainers in the past 24 hours. The altcoins are seeing the most upside action in the top 100 coins by market cap as of 4pm ET on September 9. Meanwhile, Bitcoin (BTC) has bounced above $57,000 after revisiting sub-$54k over the weekend. FTM, AAVE […]

The post FTM, AAVE, TAO see double-digit gains as Bitcoin retests $57k appeared first on CoinJournal.

Bitcoin To Break $100K By 2025? Experts Weigh In On Potential New ATH

Author: Christian Encila
United Kingdom
Sep 10, 2024 12:05

Bitcoin To Break $100K By 2025? Experts Weigh In On Potential New ATH

With its overall market valuation down about 30% from its March 2024 record of $2.89 trillion, the cryptocurrency market is reaching a turning point. Investors are worried as the market cap as of September 8, 2024, is $1.93 trillion. Nonetheless, a recent BTC price forecast indicates that Bitcoin is anticipated to rise by 83.70% in the next three months, indicating possible comeback. Related Reading: Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market Although Bitcoin has lost a quarter from its all-time high of $74,000, analysts like Alan Santana think a major comeback is just around the corner. The latest forecast of the BTC price by CoinCheckup, on the other hand, show that Bitcoin will surge 80% in the next three months and hence may also reflect its possible comeback. Now changing hands at $54,320, Bitcoin has shed 25% off its peak of $74,000, but it is due for a sharp rebound, Santana said. When Will Bitcoin Hit $100,000? New ATH & More (The Greatest Cryptocurrency Analysis On Earth!) #Bitcoin Bitcoin is going to hit $100,000 in 2025… I am going to breakdown how everything will develop in a few minutes. How are you feeling in this beautiful Saturday/Sunday? pic.twitter.com/xNaZSBOfKx Alan Santana (@lamatrades1111) September 8, 2024 Santana thinks that Bitcoin could reach $100,000 by the year 2025. The ongoing correction does not deter the analyst from being so optimistic in regards to the long-term outlook for the top crypto. At the same time, he warns that this downtrend is not over yet, and investors should expect some turbulence before seeing a more sustained uptrend. Market Sentiment And Short-Term Outlook Bitcoin is currently 44% below its estimated value for next month, the latest forecast shows. However, a short-term uptrend is seen in the next seven days. Over three months, Bitcoin is predicted to shoot up by 83%, showing signs of recovery from its poor performance lately. Santana believes that though the price movement for Bitcoin will not be fast, it would stabilize the market after surviving fluctuations and swings. Bitcoin will advance relatively slowly across the remainder of 2024, and this would give altcoins room to start to outperform BTC in the interim. That said, altcoins might also supply larger returns for investors looking beyond Bitcoin’s gradual recovery once the market enters its accumulation phase late in the year. Other Coins To Surpass Bitcoin? Although Bitcoin could still remain the top crypto, some altcoins like Ethereum might shine in the not too distant future. It does have an upside, though, if certain market conditions move in its favor. This could open a window of opportunity for other cryptocurrencies that may perform better than Bitcoin as investors begin to diversify their portfolios. Related Reading: Ether Liquidity Plummets 40% On Exchanges After ETF Debut Long-Term Predictions: A Slow Climb To $100K Long term forecasts for Bitcoin would show ongoing acceleration of growth. Forecasts call for a 91% rise in six months, so early in March or April of 2025 Bitcoin might get to $100,000. This, according to Santana, is not an overnight jump but rather an upward trend due to improving market conditions and institutional interest. A new all-time high by late 2025 most likely falls between $150,000 and $220,000 depending on factors including inflation and market mood. Though the long-term projections are favorable, Santana urges caution about near future activity since volatility is still high and this current market slump has not yet fully run its course. Featured image from Pexels, chart from TradingView

Bitcoin ETFs record combined $1.2B in outflows in 8 days

Author: Cointelegraph by Ezra Reguerra
United States
Sep 10, 2024 12:00

Bitcoin ETFs record combined $1.2B in outflows in 8 days

Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs.

Sep 10, 2024 01:05

Bitcoin Technical Analysis Report | 9th September 2024

On September 6, Bitcoin broke below its key support range of $55,724 to $73,777, triggering a sharp decline to an intraday low of $49,000, last seen on August 5. The cryptocurrency market experienced a major downturn, with BTC plunging to a one-month low of approximately $53,000, fueling bearish sentiment across the market. This drop led […]

The post Bitcoin Technical Analysis Report | 9th September 2024 appeared first on ZebPay.

Sep 10, 2024 02:00

Coinbase faces legal setback as judge allows shareholder lawsuit to proceed

Judge allows parts of Coinbase’s shareholder lawsuit to proceed on negligence claims. Plaintiffs allege Coinbase misled about regulatory risks; some claims dismissed. Coinbase remains confident and committed to defending against the remaining allegations. In a significant legal development, US District Judge Brian Martinotti has partially a motion filed by Coinbase to dismiss a class action lawsuit […]

The post Coinbase faces legal setback as judge allows shareholder lawsuit to proceed appeared first on CoinJournal.

Bitcoin price shows strength above its recent lows  Here is why

Author: Cointelegraph by Marcel Pechman
United States
Sep 10, 2024 12:00

Bitcoin price shows strength above its recent lows Here is why

A stock market recovery, investors' anticipation of upcoming US inflation data and risks to the US dollar dominance are fuelling Bitcoins recent price gains.

Sep 10, 2024 02:00

Cardano (ADA) on the spot amid mysterious transactions as ecosystem registers growth

ADA’s price has rebounded to $0.343 after a low of $0.3054 amid market volatility. Mysterious transactions involving large ADA amounts stir speculation and concern. The Cardano ecosystem grows with increased transactions, wallets, and Plutus scripts. Cardano (ADA) has been in the spotlight recently, facing a mix of market turbulence and intriguing developments. Notably, mysterious wallet […]

The post Cardano (ADA) on the spot amid mysterious transactions as ecosystem registers growth appeared first on CoinJournal.

Sep 10, 2024 04:10

VanEck Exec Refutes Claims on US Elections Impact on Bitcoin Price

Matthew Sigel, Head of Digital Assets Research at VanEck, refuted previous assertions made by Bernstein that the US election would directly affect Bitcoin. Investors are taking notice of this counterargument, which downplays the impact of the 2024 US presidential election on the BTC surge.  Sigel made an interesting observation on

Sep 10, 2024 04:10

Crypto Investment Products Face $726M Outflow Amid Bearish Outlook

The latest data from CoinShares shows that cryptocurrency investment products had another rough week, with $726 million leaving the market. Crypto investment products have seen the biggest outflow observed since March 2024, according to CoinShares’ head of research James Butterfill’s latest “Digital Asset Fund Flows Weekly Report” published on September

Sep 10, 2024 04:10

Investors Brace for Upcoming US CPI Data Amid Market Uncertainty

Following a disappointing August employment report that hinted at the US economy’s continued vulnerability to a recession, Bitcoin’s (BTC) value fell below $54,000 over the weekend. However, it has since recovered and is again trading around $56,000. Crypto equities have also seen a significant recovery, similar to the price of

Price analysis 9/9: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Author: Cointelegraph by Rakesh Upadhyay
United States
Sep 10, 2024 12:00

Price analysis 9/9: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Bitcoin bulls are trying to push the price back inside the range, indicating that the markets have rejected the breakdown.

Sep 10, 2024 02:00

Toncoin bounces back above $5, next target at $6.19

Toncoin rebounds above $5 after Pavel Durov’s release and public reassurance. Trading volume has surged by over 148%, boosting interest in both spot and futures markets. Resistance at $5.51; a breakout could push TON to its next target of $6.19. Toncoin (TON), the native cryptocurrency of the Toncoin blockchain, has experienced significant volatility in recent […]

The post Toncoin bounces back above $5, next target at $6.19 appeared first on CoinJournal.

Sep 10, 2024 01:25

Introducing The Bitcoin Report: A New Monthly Digest from Bitcoin Magazine Pro

Bitcoin Magazine Pro launches The Bitcoin Report, a monthly digest offering key insights into Bitcoin trends. From on-chain analysis to price forecasts, its a must-read for investors. The inaugural August edition is free to download.

Sep 10, 2024 01:20

Friend.techs FRIEND token tanks to record low as team abandons control of smart contracts

The collapse of Friend.tech's FRIEND token highlights the volatility and risks inherent in decentralized finance projects.

The post Friend.tech’s FRIEND token tanks to record low as team abandons control of smart contracts appeared first on Crypto Briefing.

Sep 10, 2024 03:35

Bitboy Boldly Predicts Bitcoin Cycle Top at $146,641 Despite Ongoing Turbulence

Experts continue to see substantial potential in Bitcoin, even as its price has experienced significant volatility in recent weeks, dropping…

The post Bitboy Boldly Predicts Bitcoin Cycle Top at $146,641 Despite Ongoing Turbulence first appeared on The Crypto Basic.

Sep 10, 2024 03:35

Bitcoin ETFs Slip to $46B, Sparking Debate on TradFi Adoption Hopes

Recent data indicates that Bitcoin Exchange-Traded Funds (ETFs) have experienced a notable drop in total assets, falling to $46 billion. …

The post Bitcoin ETFs Slip to $46B, Sparking Debate on TradFi Adoption Hopes first appeared on The Crypto Basic.

Bitcoin, XRP, and Shiba Inu Deposits Fall on Binance Amid Shift to Stablecoins

Author: Abdulkarim Abdulwahab
United States
Sep 10, 2024 03:35

Bitcoin, XRP, and Shiba Inu Deposits Fall on Binance Amid Shift to Stablecoins

Binance, the largest crypto exchange, has recently published details concerning assets it holds for users in line with its ongoing…

The post Bitcoin, XRP, and Shiba Inu Deposits Fall on Binance Amid Shift to Stablecoins first appeared on The Crypto Basic.

Sep 10, 2024 02:15

BTC Correlates with Equities as Altcoins Show Resilience, Reports Bitfinex


Bitfinex Alpha reveals Bitcoin's correlation with equities while altcoins display stronger performance amid market downturns. (Read More)

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