Author: Crypto News Live
Analyst Max Keiser forecasted Bitcoin’s rise to $220,000 due to a supply-demand shock. Current data indicated rising short-term bearish pressure. Amid fluctuating market conditions, Bitcoin [BTC] traded at $61,512 at press time, marking a 1.4% decrease in the past 24 hours but maintaining a 6.8% increase over the week. This period has not been without its challenges, as data from Coinglass revealed that the past day alone saw 61,419 traders liquidated, culminating in $133.87 million in total liquidations. This volatility underlines the fragile state of the market, yet it doesn’t dampen the spirits of some industry stalwarts. Source: Coinglass One…
In recent weeks, Ethereum has displayed subtle signs of recovery amidst a generally bearish crypto market, with the altcoin mimicking Bitcoin’s modest uptrend. Despite Ethereum’s price increasing slightly by 0.2% over the last 24 hours, a parallel trend that might significantly affect Ethereum’s economic model has been unfolding beneath the surface. Decline In Network Activity Reduces ETH Burn April witnessed Ethereum’s ETH burn rate hitting an annual low, primarily due to a significant decrease in network transaction fees. These fees have typically fluctuated just below 10 gwei this year, but recent weeks have seen them dip to some of the…
A cohort of BTC whales have continued to fill their bags. This has happened despite the coin’s recent price action. Bitcoin [BTC] whales have intensified accumulation despite the coin’s recent decline below $62,000. According to on-chain data provider Santiment, BTC whales holding between 1000 and 10,000 coins accumulated 15,121 BTC valued at $930 million between the 7th and the 8th of May. This pushed the cohort’s total BTC holding to its highest level in 14 days. 🐳 As #Bitcoin ranges tightly between $61K and $64K, large whales have made some accumulation moves over the past 24 hours. Wallets with 1K-10K…
Telecommunications company Vodafone is taking steps to leverage SIM card technology in order to meet the expected surge in demand for crypto transactions on mobile phones. In an interview with Yahoo Finance Future Focus, David Palmer, Vodafone’s blockchain lead, revealed that the company is pushing to advance the use of blockchain technology on mobile devices for managing crypto transactions. “Within each mobile phone is a SIM card and we have focused on linking the mobile phone SIM card to digital wallets, identity and blockchains, using the cryptography we have in those SIM cards for that blockchain integration,” Palmer said. Vodafone…
Former US President Donald Trump has announced that his presidential campaign will now accept cryptocurrency donations. Trump made the announcement during a special event for holders of his “Mugshot Edition” non-fungible tokens (NFTs) at his Mar-a-Lago residence in Florida. Trump’s move highlights his ongoing engagement with cutting-edge technology and digital assets. In a broader context, this also marks a significant shift in political fundraising strategies and aligns with growing digital trends. From NFTs to Crypto: Trump’s Digital Campaign Trail The revelation came through a short video released by Frank DeGods, co-founder of the DeGods and y00ts projects. In the video,…
Community is bearish on Solana and Ethereum, but experts are still very bullish on SOL. Crypto markets are still correcting, with most altcoins currently in the red. The crypto market is still reeling from a strong case of the corrections, and altcoins are having it worse than all. At press time, almost all the altcoins on the top 25 are in the red, having seen a slight decrease on daily charts. Is there a bearish storm on the horizon? Or are we still on for an altseason? Solana and Ethereum inspire bearish sentiments Two top altcoins have stood out among…
Web3-focused game Nyan Heroes announced the start of its Season 2 with its highly anticipated Ranked Mode, which will reward users with the token NYAN based on their performances. The ranked season will last until May 26. Season 2 introduces a host of new missions, rewards, and gameplay experiences, including the opportunity to earn seasonal CATNIP through daily and weekly missions. The game’s ranking system, based on Matchmaking Rating (MMR), is designed to match players with similar skill levels, ensuring fair and competitive play. As players win matches, they gain MMR, which can lead to higher ranks on the leaderboard,…
Rekt Capital a popular cryptocurrency expert has set aside the potential timeline that Bitcoin, the largest crypto asset is expected to peak in the ongoing bull cycle, citing historical price trends. Rekt Capital’s analysis examines the current price action of Bitcoin and how it aligns with previous bull cycle peaks following the Bitcoin Halving event. Bitcoin Peak On The Horizon Today, May 9, BTC’s price witnessed a drop below the $61,000 price level, demonstrating a potential move on the downside. However, Rekt Capital is unshaken by this move as he believes the more Bitcoin consolidates between current price levels and…
Paolo Ardoino, the Chief Executive Officer of Tether and co-founder of peer-to-peer platform Holepunch, recently hinted at plans to potentially develop a “Pear Phone” in the future. In an X post, Ardoino floated the idea of building an Android-compatible phone based on the Android Open Source Project (AOSP). The device would come pre-installed with Holepunch’s suite of peer-to-peer applications, including the Keet encrypted messaging app, other apps built on the Pear Runtime P2P protocol, and the Bitkit Bitcoin wallet developed by Synonym. “Eventually we should build the Pear phone. Android compatible (AOSP), with Keet, Pears apps, and Bitkit wallet preinstalled.…
Having recently reflected on the development of the crypto markets since the 2021 bull run, I’ve also been pondering trends in the broader Web3 sector and the scale of change we’ve seen in just three short years. As 2021’s biggest headline-grabbers, NFTs are a case in point. Even as crypto prices soared in early March, NFT NFT markets were dogged by liquidations, with prices slumping as much as 30% for some once-popular collections. While the format still offers plenty of opportunities for utility, market hype simply hasn’t carried through to 2024. Instead, crypto’s wildest speculators have turned their attention to…
