Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000

Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoins chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a video posted on his YouTube channel that Bitcoin is at risk of dropping lower [...]

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$WEN Token Surges on GalaChain, Reaches $1M Market Cap

$WEN token sees rapid growth on GalaChain, hitting a $1M market cap within weeks of launch, according to Gala News. (Read More)

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Ether price may dip after ETF 'novelty' wears off due to surging supply

Into The Cryptoverse founder Benjamin Cowen says if supply keeps increasing it will "revert" to similar levels before the Ethereum Merge in September 2022.

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Polymarket gambler face charges after Taiwan election bet

A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections.

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Crypto Expert Weighs In On ETH/BTC Pairs Recent Decline

Amid turbulence surrounding the crypto market, popular founder and Chief Executive Officer (CEO) of Into The Cryptoverse Benjamin Cowen has taken the spotlight to shed his insights on the recent downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. Cowen’s views examine the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Benjamin Cowen, the ETH/BTC pair is currently on the downside, and the last 2 times that the pair declined, ETHUSD witnessed a steep decline of around 70%. Given that the crypto community has been eagerly anticipating an Altcoin season for the past 2.5 years, Cowen thinks it is crucial to warn the community that there is still a possibility of a downward movement. ETH/BTC Pair Rejected By The Bull Market Band Cowen has also confirmed that ETH/BTC is presently being rejected by the bull market support band, which he previously predicted days back due to a price pump. “I would expect it (ETH/BTC) to be rejected by the bull market support band, at least when looking at weekly closes ($0.053-$0.054),” he stated. He further noted that the pump appears to be mirroring the last cycle of rate cuts right before summer capitulation. Related Reading: Cracking the Crypto Code: ETH/BTC Signals The Next Altcoin Explosion Heres How Following the launch of Bitcoin Spot Exchange-Traded Funds (ETFs), Cowen mentioned that ETH/BTC saw a sharp rally. The analyst affirms that the rally was probably similar to the trend of the previous bull cycle, ushering in new lows. Furthermore, Cowen stated that there has been an unquestionable macro downtrend since November 2021, particularly following the merger of the ETH/BTC pair. However, it is also evident that the market did not decrease abruptly. As a result, investors held ETH instead of BTC all the way down from 0.085 to 0.048 because of the multiple lower highs, giving the impression that it was holding up quite well.  Prior to the Bitcoin Halving, Cowen predicted that the bull market support band would reject ETH/BTC, at least when considering weekly closes ($0.053-$0.054), should there be a rebound after the Halving, similar to that witnessed with BTC spot ETF launch. Regardless of what occurs, the expert is confident that ETH/BTC will reach between $0.03 and $0.04 by this summer. Heightened Divergence Between Ethereum And Bitcoin Being the two leading cryptocurrency assets, there is great interest surrounding Ethereum and Bitcoin. However, on-chain analytics firm Glassnode has highlighted a shift in performance between both digital assets. Related Reading: Ethereum Trouncing Bitcoin, ETH/BTC Ratio Bouncing Higher: Will This Trend Continue? According to the firm, the performance of Ethereum and Bitcoin has been increasingly diverging so far in the 20232024 cycle. This is due to poorer performance in ETH price, which is explained by a generally weaker trend in capital rotation. In addition, this is evident when particularly compared to preceding cycles and all-time highs. Featured image from iStock, chart from Tradingview.com

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Bitcoin Local Bottom In? Analyst Offers Insights

In an ever-evolving world of cryptocurrency markets, deciding the bottom of Bitcoin price correction is an endeavor that attracts interest from both investors and analysts. Joining the fray is cryptocurrency analyst and trader MilkyBull offering insights on the subject, claiming that Bitcoin’s local bottom has developed due to a certain development. Following its weekend recovery out of bear market territory, the price of Bitcoin slightly decreased on Monday. However, MilkyBull is confident that the recent retracement might be the last before BTC turns to move on the upside. Bitcoin Local Bottom Is In According to the expert, given that the next liquidity grab interest is above $64,557, the local bottom for Bitcoin is in. As a result, before moving on to the current all-time high of $73,000, BTC will first clear the $67,000 price level and consolidate. Thus, Bitcoin may eliminate the CME gap below either prior to or subsequent to eliminating the liquidity above $64,975. Related Reading: Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form The CME gap is a price difference that occurs between the Friday closing price and Sunday opening prices of the Chicago Mercantile Exchange (CME) Bitcoin futures market. Therefore, the expert considers this development a good area for long trade, signaling a buying opportunity for BTC bullish investors. MilkyBull further drew attention to a previous analysis that suggests Bitcoin could be poised for a rally due to historical patterns. The analyst noted that the 2017 price action shows that when BTC breached a new all-time high, there was a healthy retracement that was driven by liquidity before it surged to a cycle peak.  Given that BTC might be mirroring this pattern, MilkyBull’s analysis might suggest that BTC has undergone its last shakeout, and a move on the upside could be imminent. He also confirmed that the present consolidation range was paralleled by the preceding consolidation, which began to materialize from December 2023 to February 2024.  This pattern, identified as a manipulative strategy of the market makers (MMs) by the expert, is meant to remove degenerate Short-Term Holders (STHs), which are particularly vulnerable to price corrections below their cost base. BTC Correction On The Horizon While MilkyBull anticipates a rally, market expert Benjamin Cowen expects the leading cryptocurrency asset to drop in the upcoming days. Last week, Cowen claimed BTC’s Return On Investment (ROI) 12 days after the Bitcoin Halving event was the worst performance that the asset has experienced. According to Cowen, this is reasonable as it is the first time BTC is reaching a new all-time high before the Halving. Related Reading: Crypto Expert Arthur Hayes Says Bitcoin Has Found Its Local Bottom But Can It Hold This Level? Almost a week later, there is still no improvement, as the analyst noted that BTC ROI is still performing worse than in previous cycles. Comparing this action with that of 2016, Cowen expects BTC to undergo a decline in the coming week. During the time of writing, BTC was trading at $63,970, demonstrating an increase of over 3% in the past week. While its market cap is down by 1.17%, its daily trading volume has garnered positive sentiment, rising by 40%. Featured image from iStock, chart from Tradingview.com

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Leading Colombian bank launches crypto exchange and peso stablecoin

The Colombian bank behind the crypto exchange claimed the platform was created after nearly a decade of study and research.

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Hospitality worker jailed for $2.5B Bitcoin laundering scheme

The authoritys suspicion was based on Wens change in lifestyle. In 2017, she reportedly moved to a six-bedroom mansion in North London.

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Tether Acquires $459 Million Worth of Bitcoin from Twenty One Capital in Major Crypto Deal

Tether, the popular stablecoin issuer, has moved a significant amount of Bitcoin worth $459 million to the wallet of digital asset management firm Twenty-One Capital. This transfer indicates a growing trend of institutional interest in cryptocurrencies. The movement of such a substantial sum of Bitcoin by Tether to Twenty-One Capital’s wallet suggests a strategic investment [...]

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Is Bitcoin Headed For A Crash? Analysts Cite Possible Downtrend

Investors in the cryptocurrency space are eagerly awaiting the halving of Bitcoin in order to fuel future market growth. However, top cryptocurrency expert and trader Benjamin Cowen cautions that if the price of BTC follows a previous pattern, there may be a correction. Bitcoin Halving Could Impact Price Negatively Cowen has highlighted a trend that could potentially lead to a significant decline in the crypto asset’s price when the Bitcoin halving event commences, which suggests that BTC could be poised for a decline in the coming days. Related Reading: Bitcoin Final Dance: Analyst Eyes Final Peak Ahead Of Halving According to Cowen, should Bitcoin continue to follow the same trajectory as it entered the spot ETF during the halving, BTC may witness a trend toward the downside. The crypto expert advocates that these patterns typically do not repeat precisely. However, he believes putting the idea out there is crucial in case it happens again in a similar manner. In response, a pseudonymous user commented on Cowen’s post and reminded the expert that he forgot the arrow backup. Responding to the user, Cowen stated that he believes the outcome of the next phase will depend on whether or not ALT/BTC pairs have collapsed by then. Furthermore, he affirms there could be a move on the upside if they have not broken down. Meanwhile, in the event that they have broken down, the pattern can transit to something new. It is worth noting that the Bitcoin halving event is forecasted to take place within the next 11 days. Given Bitcoin’s halving previous significant impact on price, BTC could be positioned for a notable price surge in the coming days. However, if Cowen’s recent prediction manifests, it could paint a different picture for the crypto asset during the halving event. The expert’s prediction has sent quite a frenzy in the crypto community, with analysts like Peter Brandt supporting his insights. Peter Brandt acknowledged Cowen’s projections noting that previous Bitcoin bull markets have exhibited a similar fundamental trend. What To Expect During The Halving Event As the halving event approaches, the cryptocurrency data analytics platform Kaiko has laid out a perspective to watch out for. Kaiko’s perspective delves into the impact the halving has had on BTC’s price in the short term over the years. Related Reading: Crypto Expert Reveals What To Expect For Bitcoin, Dogecoin, And XRP In 12-16 Months According to the platform, in the past, the short-term price effect of Bitcoin halvings has been inconsistent. Nonetheless, historical data reveals that the coin tends to rise 9-12 months after halving, making it a generally bullish development. At the time of writing, Bitcoin’s price was up by 8% in the past 7 days, valued at $70,770. Its overall market cap is down by over 2%, however, while its trading volume is up by over 8% in the past day. Featured image from iStock, chart from Tradingview.com

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Bitcoin Advocate Jack Mallers Promises Strike Investors: Twenty One Will Not Cause Distractions

Jack Mallers, the CEO of the payments app Strike, has reiterated his commitment to Bitcoin as a financial asset with potential long-term growth. Mallers emphasized that Bitcoin is not just a speculative investment, but a secure store of value as well. He believes that it is crucial for individuals to understand the true purpose and [...]

The post Bitcoin Advocate Jack Mallers Promises Strike Investors: Twenty One Will Not Cause Distractions appeared first on Crypto Breaking News.

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Blast Airdrop and Ecosystem Guide How to Participate

More information about Blast and the projects that have potential rewards or airdrops soon on the Blast Network.

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Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price Perfect Storm

A recent report from Jan Nieuwenhuijs, an expert in the Chinese gold market, has found that the actual gold reserves held by the People’s Bank of China might comprise over 5,300 tonnes, dwarfing official numbers. Nieuwenhuijs explains China might be a driving force behind increasing gold prices, as the country moves to hoarding gold to [...]

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Top 3 Solana Meme Coins To Buy Amid The Bitcoin Crash That Could 10x

As the Bitcoin price crash has ravaged the crypto market and left altcoins suffering, it has presented a unique buying opportunity for meme coins that may never come after this time. So here are the top 3 meme coins that could 10x your portfolio from here. Solana-Based Myro Leads Meme Coins With Potential Solana-based meme coins have been all the rave over the past year and with good reason as well. These meme coins have done so well in such a short time, coming up to compete with established Ethereum-based meme coins which have been around for years. Related Reading: Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy With the likes of WIF and BONK already crossing the $1 billion market cap market, the hunt is on for other Solana-based meme coins that could achieve this same feat, and that is where the Myro token comes in. Myro currently has a $200 million market cap, which makes it a prime candidate for crossing $1 billion. However, its most bullish developments have been its exchange listings. Myro scored a Binance perpetual listing last month, which pushed its market cap above $400 million for the first time. It has since retraced, but this retracement is similar to what was seen with WIF, which fell back down to $180 million at a point. If Myro follows the WIF playbook, then its next leg up could see it rise more than 5x above the $1 billion mark. Popcat: Another Solana Meme Coin On The Rise Popcat is another Solana meme coin that has made waves in the space over the past few months. After a long stretch of consolidation, the price had eventually broken out in February to reach a new all-time high price of $0.37 in mid-March. The price has since retraced a little over 50% since then and is now back to $0.17 with a market cap of $167 million. As with the majority of other meme coins, the total supply of the token is in circulation, which means there are no more unlocks coming up. At the current market cap, reaching the $1 billion mark would be an over 500% increase for the meme coin. And with the bull market coming up, the price of Popcat could rally higher, bringing a more than 10x return for investors. Wen (WEN) Meme Coin Wen (WEN) is another Solana-based meme coin that has hit the crypto space in the last few months. Starting out as an airdrop for users of the Solana-based Jupiter decentralized exchange, it has quickly grown among meme coin investors as one of the more stable investments. Related Reading: Bitcoin Halving Retrace Spooks Investors: What Is It And Why Does It Matter? Just like the other meme coins on this list, the WEN token shows a lot of promise because it is still under a $200 million market cap. This puts it at an at least 5x move to $1 billion, with a possible 10x when it reaches the $2 billion market cap mark. SOL price shoots to $176 | Source: SOLUSD on Tradingview.com Featured image from Blockgeeks, chart from Tradingview.com

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Solana Tokens Among Top Gainers: JUP and WEN Soar Over 12%, WIF Hits New ATH

The Solana ecosystem has experienced notable growth, and SOLs price has turned many experts bullish on it. Similarly, the Solana-based tokens are showing impressive performances during this bull run, with many being among the top gainers in different timeframes. Related Reading: Solana Smashes Major Resistance Levels, New All-Time High Imminent? Solana Chain Driven By Memecoins? According to CoinGecko data, Solana is currently the 5th largest blockchain by Total Value Locked (TVL), registering over 12.8% growth in the past day. During this timeframe, Solana has outperformed its competitors, including Ethereum, which has registered a 2.2% decrease since yesterday. In the 7-day and 30-day timeframes, Solana has seen a TVL growth of 35.3% and 89.8%, respectively. As displayed in the chart below, it surpassed the performance of the four chains above it. Top 5 blockchains by TVL. Source: CoinGecko.com Franklin Templeton Digital Assets shared its perspective on the value of memecoins and their native networks. The financial giant considers that theres a strong relationship between memecoins and the performance of their native chains. In the last year, crypto markets have seen multiple meme coins parabolically surge, most notably, Solana based BONK during Q4 2023. Solana daily active user addresses were up 75% quarter over quarter from Q3 to Q4 2023. The asset management firm deems that the connection between the two is further alluded to because the Solana network captured a large percent of the activity of all the active addresses during the same time that BONK saw a price surge during Q4 2023. According to CoinMarketCap data, the market capitalization of the Solana-based tokens increased by 5.5% from yesterday to over $222.36 billion. The performance of the memecoins seems to have put a notch on the networks belt. Performance Un-like Cats and Dogs Tokens in the Solana chain have registered massive performances recently, and the newest tokens around the block (dogwifhat, Wen, Jupiter) continue to shake the crypto market ground. Notably, dog- and cat-themed tokens continue to be hot topics in the community. According to CoinGecko Data, the Solana-based Myro, Bonk, and Popcat are trending tokens in their sub-categories. Las Vegas Puts Its Hat On Since the launch of dogwifhat (WIF), the token has gone from being a “cute dog with a crochet hat on to gathering a robust community seemingly able to back it up.” $WIF SPHERE UNLOCKED dog $wif hat, in all $SOL colors, coming to your local LAS VEGAS SPHERE HAT STAYS ON@dogwifcoin pic.twitter.com/NR1kln4X4u — Curb (@CryptoCurb) March 13, 2024 The over $650,000 raised for the wif on sphere fundraiser campaign could serve as evidence of the communitys support. As a result of the campaign, the Las Vegas Sphere will display WIFs icon for a week on the worlds largest LED screen. Since the news, the token skyrocketed to a new all-time high (ATH) of $3.36 this morning, representing a 42.3% increase in the last 24 hours. At writing time, WIF changes hands at $3.1, just 4.3% lower than its ATH. Space Suit On, Wen Goes To Jupiter Jupiter (JUP) recently announced its partnership with the cat-themed token WEN. The latest Jupiter Work Group (JWG) will collaborate with the WEN Work Group. According to the announcement, it will be focused on contributing awesome vibes and content to amplify crucial Jupiter message. Jup Wen Wen has a spacesuit for a reason, this cute cat is headed to Jupiter https://t.co/7k7h2AIdvk — Wen (@wenwencoin) March 13, 2024 The community seemingly took the partnership positively. After the news, both tokens surged. WENs price rose above $0.00040 in the early hours of the day, and its currently trading at $0.00038, a 12.5% increase in the last 24 hours. JUP propelled to a new ATH of $0.988, almost hitting $1. At writing time, the token is trading at $0.948, representing a 12.8% price surge in the 1-day timeframe. Similarly, its daily trading volume increased over 58%, with $418.04 million being traded in the past day. Related Reading: Solana Demand Soars As Institutions Buy Up SOL At A Massive 870% Premium The Crypto Total Market Cap is at $2.66 trillion. Source: TOTAL on TradingView.com Featured image from Unsplash.com, Chart from TradingView.com

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TD Cowen Publishes Bullish Report on Bitcoin And MicroStrategy

TD Cowen's bullish report explains MicroStrategy's strategic shift to Bitcoin, foreseeing its rise as a superior store of value.

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Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency

Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price model shows that each troy ounce of the metal might [...]

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Access Protocol, SingularityNET Lead Top 5 Crypto Gainers and Losers of the Week

We will be looking at the top 5 gainers and losers of the week, providing a brief description of each crypto & their performance.

The post Access Protocol, SingularityNET Lead Top 5 Crypto Gainers and Losers of the Week appeared first on BitPinas.

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Arizona Senator Wendy Rogers Pushes Bill To Make Bitcoin Legal Tender

  If passed into law it will give Bitcoin the same status as the U.S. dollar in the State of Arizona What – State Senator [...]

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Yuga Labs, the creator of Bored Ape, has acquired 10KTF and WENEW.

The creators of Bored Ape Yacht Club (BAYC), Yuga Labs, have acquired 10KTF, the NFT game established by digital artist Michael Winkelmann, also recognized as Beeple.

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