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Cryptocurrency Prices Relative to Their All-Time Highs

Post author By cryptocrunchapp
Post date 2Y

The cryptocurrency market has seen significant fluctuations since reaching all-time highs (ATH), with various leading coins currently trading below their peak prices.

Bitcoin (BTC), the largest cryptocurrency by market cap, is now trading at $71K, down -3.7% from its ATH of $73,737.94. Ethereum (ETH), the second-largest, has seen a more considerable drop, trading at $3,808.13, which is -21.9% below its ATH of $4,878.26.

Binance Coin (BNB) shows minimal decline, currently priced at $699, just -1.6% off its ATH of $710.86. However, XRP has faced a substantial decrease, trading at $0.5269, -84.5% lower than its ATH of $3.40.

Dogecoin (DOGE), popularized by high-profile endorsements, trades at $0.1628, a -77.8% decline from its ATH of $0.731578. Other notable cryptocurrencies like Cardano (ADA) and Polkadot (DOT) have also experienced significant declines, with ADA trading -85.1% and DOT -86.9% from their respective ATHs.

Toncoin (TON) is currently priced at $7.23, down -6.9% from its ATH of $7.76, showing relatively less volatility compared to other major cryptocurrencies.

These figures reflect both the volatility of the market and the shifting dynamics within the digital asset space, crucial for investors to consider as they assess the potential for recovery and future growth in their cryptocurrency investments.

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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Former OpenAI researcher foresees AGI reality in 2027

Post author By cointelegraph
Post date 2Y

Former OpenAI researcher Leopold Aschenbrenner is confident that an AI lab will be able to train a GPT-4-level model in a minute in 2027, versus three months in 2023.

Read more on Cointelegraph

CBDC privacy concerns and ‘lack of purpose’ stall progress: 4 out of 167 live

Post author By cointelegraph
Post date 2Y

Government interest in CBDCS was a knee-jerk reaction to the popularity of crypto and the rise of private stablecoins.

Read more on Cointelegraph

Switzerland takes a ‘tech neutral’ approach to AI regulations

Post author By cointelegraph
Post date 2Y

As the world races to regulate high-level AI systems, Switzerland is taking a more “tech natural” approach focusing on sector-based use cases, while still having a major voice on the global stage.

Read more on Cointelegraph

Reactions: The Bitcoin Zero-Knowledge Arms Race Begins

Post author By BitcoinMagazine
Post date 2Y

In case you missed it, Starkware, a company historically active in the Ethereum ecosystem, announced yesterday plans to start committing significant resources towards new Bitcoin scaling opportunities that have emerged over the past months. Pioneers of zero-knowledge systems, the group has revealed plans to leverage OP_CAT in order to bring their STARK technology to Bitcoin. The soft fork proposal could allow zero-knowledge proofs to be verified natively, opening up an entirely new design space for developers.

The announcement is looked at by many as a significant technical milestone for the Bitcoin protocol. Here are my unsolicited 2 cents on the matter.

A long time coming

As Starkware CEO…

Empire Newsletter: Trade monitoring could cost Binance billions

Post author By Blockworks
Post date 2Y

I’ll be watching you…

Binance will have not one, but two firms looking over its shoulder for the next few years — part of a settlement with the Department of Justice and the Treasury Department.

Binance confirmed to Blockworks that the monitors are Sullivan & Cromwell (yes, that one) and Forensic Risk Alliance (FRA).

“The monitorship is an important step in our compliance journey, and we are committed to collaborating with FinCEN’s selected monitor, Sharon Cohen Levin from Sullivan and Cromwell; and DOJ’s selected monitor, Frances McLeod at Forensic Risk Alliance as we continue working toward becoming the most trusted and secure asset exchange in the world,” a Binance…

LATEST: Bitcoin Short-Term Holders Gain Over 1 Million BTC in Half-Year

Post author By cryptocrunchnews
Post date 2Y

Glassnode data reveals a significant rise in Bitcoin held by short-term holders, surging from 2.2 million BTC in January to 3.4 million BTC by mid-April, before a slight dip to 3.3 million. This pattern is typical of early stages in bull markets, where short-term holders often enhance price volatility. For instance, in November 2023, they captured $1.8 billion in profits over 48 hours, underscoring their impact on market dynamics.

This influx of short-term investments, alongside the steady commitment of long-term holders, suggests a balanced and robust market. The upcoming reclassification of U.S. spot Bitcoin ETF wallets from short-term to long-term holdings further reflects a maturing investment landscape.

These trends are crucial for understanding Bitcoin’s future trajectory, indicating a strong engagement from new investors while supported by the foundational stability of long-term stakeholders. Such dynamics are vital for predicting market movements and suggest a continuing bullish phase for Bitcoin.

Glassnode