Ethereum News Official TheBitTimes.com

Analysts are advising investors to consider “buying the dip” in the altcoin market, as a technical pattern on the weekly chart indicates a potential bullish reversal. This pattern appears after a lengthy accumulation phase, suggesting that prices may soon rise. Consequently, this might be one of the final chances to acquire altcoins at lower prices before a market upswing occurs. Additionally, increased trading volumes for cryptocurrencies like WIF, PEPE, SOL, and FTM reflect growing investor interest during these price dips. However, profit-taking and caution have led to temporary decreases in market capitalization as investors evaluate their risks. This Analysis focuses on some of the best cryptocurrencies to invest in right now . Best Cryptocurrencies to Invest in Right Now Aave has recently linked its algorithmic stablecoin with Chainlink’s Cross-Chain Interoperability Protocol (CCIP), aimed to simplify the cross-chain transfer of the GHO stablecoin. Meanwhile...

With the US elections nearing, Standard Chartered Bank says that a Republican Congress could push Bitcoin to a $125,000 price. Indeed, that would catapult the leading cryptocurrency way beyond its all-time high figure that it set earlier this year. Moreover, the prediction notes that BTC’s future increase is no longer tied directly to Donald Trump. Throughout his bid for reelection, Trump has firmly embraced cryptocurrencies. That has led many to predict big things for the asset class should the former president return once again to the Oval Office. Now, there is the expectation that Republicans winning Congress could be just as impactful to crypto and its position in the country. Pennsylvania House of Representatives (Source: Keystone Newsroom) Also Read: Microsoft Shareholders to Vote on Bitcoin Investment Despite Board’s Warning Republican Congress Can Push Bitcoin to New Heights, Standard Chartered Says Throughout the 2024 election season, Bitcoin has become a key point of pol...

The Bitcoin price climbed 1% in the last 24 hours to trade at $68,037 as of 00:13 a.m. EST on trading volume that plunged 12% to $30 billion. This comes after Microsoft announced that its shareholders will vote on December 9 regarding a shareholder proposal to invest in Bitcoin, as detailed in a filing to the SEC on Oct. 24. The company’s board, however, recommends a vote against this proposal. Microsoft currently accepts Bitcoin for online purchases but has not invested in the cryptocurrency. Bitcoin Price Aims For A Continued Bullish Rally The Bitcoin price has been moving within a rising channel pattern, defined by the parallel orange trendlines, indicating a series of higher lows and higher highs, as the bulls took charge of the price around the $53,800 support zone, according to data from GeckoTerminal . The support levels around $56,320 (horizontal dotted line) and $61,500 hold well, providing a foundation for the current uptrend. BTC now trades above both the 50-day ...

The Popcat price has soared 18% in the last 24 hours to trade at $1.56 as of 3:15 a.m. EST on a 58% surge in trading volume to $228 million. Popcat Price Faces A Minor Correction But Signals More Bullish Momentum The chart for the POPCAT/USDT trading pair in the 1-hour timeframe shows a developing bullish trend. Currently, the price is at $1.5440, having recently reached a high of $1.5787 before retracing slightly. The 50-period moving average (MA), at $1.4478, has crossed above the 200-period MA, which is at $1.3387. This moving average cross signals potential further upside, as it often indicates a shift from bearish to bullish momentum. POPCATUSDT Analysis Source: Tradingview The RSI (Relative Strength Index) stands at 68.49, which is approaching the overbought territory. This indicates that while buyers are still driving the market, a potential correction could be on the horizon if the RSI crosses into overbought conditions. There’s also a secondary RSI re...

Austrian crypto scammers blew thousands on clubbing, hookers, shark tank Five people have been jailed in Austria for their part in a $16 million pyramid scheme that duped 40,000 victims into investing in real estate and cryptocurrency and allowed the perpetrators to spend tens of thousands of euros on luxury cars, private jets, prostitutes, and a shark tank. As reported by the Daily Mail, 11 suspects from Austria, Croatia, and Italy went on trial over the course of 60 days at the Klagenfurt Regional Court in what has been called Austria’s biggest-ever fraud trial. The defendants, who included the 24-year-old stepson of an unnamed celebrity, were accused of guaranteeing investors massive profits if they pumped their money into property and traded in various cryptocurrencies, including the EXW token. However, they pocketed the funds instead, allegedly spending vast amounts on high-end vehicles, club nights in Dubai, property, and a shark tank. The celebrity’s stepson also reporte...

According to cryptocurrency Analysis firm IntoTheBlock, 80% of Dogecoin (DOGE) holders are in profit, 17% sit on losses, and 3% are even. The platform also notes that 67% of DOGE holders have held for over a year, while 31% have held between one and 12 months. Source: IntoTheBlock Also Read: Apecoin (APE) To Surge By 238%: Here’s When? Analyzing Dogecoin’s Recent Performance and Future Potential Source: CoinGecko Rise in Number of Holders in Profit The rise in the number of holders in profit comes amid DOGE’s recent price spike. The asset is currently the best-performing cryptocurrency among the top 10 projects by market cap and the third-best-performing among the top 100. The meme coin’s price is up 15.4% in the weekly charts, 27.1% in the 14-day charts, 29.6% over the previous month, and 121.7% since October 2023. Despite the rally, the asset has faced a 3.2% correction in the last 24 hours. Why Did Dogecoin’s Price Rally? Source – Token Metrics DOGE...

WBTC supply contracts this month following Justin Sun custody drama Wrapped Bitcoin (WBTC), a popular ERC-20 wrapped version of bitcoin that also has versions on other chains, has seen its supply contract slightly since Justin Sun’s involvement was announced. A Dune analytics dashboard created by 21.co that tracks the supply of WBTC on Ethereum suggests that the supply of WBTC on Ethereum has contracted by 3.7% over the last month. The largest burns in the last month seem to have come from Coinlist, FalconX, and Abra. Dune analytics dashboard, courtesy of 21.co. Justin Sun’s role WBTC has attracted significantly greater attention since it announced that it would be transitioning the custody of bitcoin for the token from BitGo to a joint venture between BitGo, BiT Global, and Sun. BiT Global directors include Yiying Jiang, an executive who has previously worked with Sun on ventures related to BitTorrent, Poloniex, Huobi, TRON, and TrueUSD . This decision initially ...

Litecoin (LTC) changed its presence in the cryptocurrency market by making a comeback last week. The asset witnessed immense volatility over the past couple of days, with major upticks followed by similar downfalls. This sudden buzz in the LTC market was linked to Canary Capital’s application for a Litecoin ETF. Also Read: Ripple: Will XRP Hit $1 If Donald Trump Wins The US Elections? Analyzing Litecoin’s Market Volatility and ETF Impact Source Expressing excitement about the same, LTC’s founder Charlie Lee said, “I am pleased to see Canary Capital applying for a Litecoin ETF. We have indeed observed significant institutional demand for Litecoin. This is evident from the daily growth of the Grayscale Litecoin Trust, whose price is more than double its net asset value. Given that Litecoin is a commodity very similar to Bitcoin, I hope to see the Litecoin ETF approved soon.” Amidst this, Litecoin was trading at $71.37, a drop of 3.12% over the past 24 hours. ...

Since its founding two years ago, NoOnes, a peer-to-peer (P2P) platform, has achieved a lot in a short space of time. As a visionary entrepreneur, Ray Youssef, NoOnes CEO, is helping lead the way in the evolving world of crypto. Using Bitcoin as a tool, Youssef and his team believe it’ll bring empowerment to the Global South. In this exclusive interview, Rebecca Campbell, crypto content editor at CoinJournal, spoke with Ray Youssef, co-founder and CEO at NoOnes, to discuss NoOnes vision and how it and Bitcoin are empowering the Global South. Youssef dives into the challenges they face, a financial apartheid in Africa, political pressures from the West, the limitless opportunities for the Global South, and how the relationship between crypto and people is evolving. Rebecca Campbell (RC) : Can you tell me about NoOnes and where the name came from? Ray Youssef (RY) : NoOnes is a super app for the Global South. We started as a peer-to-peer crypto marketplace,...