On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and HODL Waves paint a bullish picture for Bitcoin investors.
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It was speculated that Gensler’s vote secured the launch of spot Bitcoin ETFs in January — and the same five commissioners are set to vote on Ether ETFs this week.
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The ex-employee alleged of exploiting pump.fun for $1.9 million claims he was arrested and charged in Britain and is now on bail.
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Leading cryptocurrencies dipped Sunday evening as profit-hungry traders locked in gains from last week’s relief rally.
CryptocurrencyGains +/-Price (Recorded 8:30 p.m. EDT)Bitcoin BTC/USD-1.05%$66,231.95Ethereum ETH/USD-1.79%$3,066.75Dogecoin DOGE/USD-2.97%$0.1488
What Happened: Bitcoin, the largest digital asset on the planet, was hovering over the $66,000 mark, after soaring past $67,000 earlier in the day. The correction pushed the rest of the market to give up its previous week’s gains as well.
Bitcoin’s Open Interest fell 1.13% in the last 24 hours to $32.73 billion at the time of publication. The biggest decline was seen on Bitget, while CME—the world’s largest Bitcoin futures…
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Concerns were raised after a Bloomberg article reported Kraken was “actively reviewing” which tokens it could continue to list under the European Union’s upcoming MiCA framework.
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Mathematician Massimiliano Sala says current encryption methods won’t protect blockchain systems from quantum computers.
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Bitcoin is hogging all the limelight, but SOL, AR, GRT and FTM are also trying to move higher.
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BIGCAP COINS:
- Pepe: Market Cap of $3.8 Billion.
- Bitcoin: Market Cap of $1.3 Trillion.
- Solana: Market Cap of $75.4 Billion.
MIDCAP COINS:
- Notcoin: Market Cap of $573 Million.
- Hooked Protocol: Market Cap of $118 Million.
- Ondo: Market Cap of $1.2 Billion.
RISING COINS:
- Simpson: Market Cap of $2.1 Million.
- Patton: Market Cap of $3.7 Million.
- MAGA: Market Cap of $24.67 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Bitcoin has been on a notable upward trajectory recently. Bitcoin analyst Willy Woo believes that bitcoin has significant potential for further upside price growth, highlighting key indicators that suggest a bullish trend.
One of the primary tools Woo uses to predict bitcoin’s future is the Volume-Weighted Average Price (VWAP) Oscillator. Woo’s insights, along with various market data, point to a promising future for the digital asset.
This technical indicator provides a nuanced view of price movements by considering the volume of transactions at each price level. Essentially, it gives more importance to prices with higher trading volumes, offering a balanced perspective…
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The perception of Bitcoin varies widely compared to the reality of its role within the broader cryptocurrency landscape. Many people believe Bitcoin encompasses a large array of digital currencies, including tokens like Ethereum, Dogecoin, and Shiba Inu, due to its prominence and pioneering status in the market. This perception often paints Bitcoin as a stand-in for all kinds of crypto assets, from utility tokens to meme coins and stablecoins.
In reality, Bitcoin is a distinct entity with specific technological and economic attributes that differentiate it from other cryptocurrencies. It operates on a proof-of-work mechanism and primarily serves as digital gold, aiming to provide a decentralized and secure form of money.
Understanding this distinction is crucial for anyone engaging with the crypto world, whether they are investors, enthusiasts, or casual observers. Recognizing Bitcoin’s unique position can help clarify investment decisions and foster a deeper understanding of what different cryptocurrencies aim to achieve in this diverse and evolving industry.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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