A new analysis suggests that Bitcoin‘s (CRYPTO: BTC) correction phase may have come to an end, with experts now predicting a potential surge towards the $70,000 mark. What Happened: According to a 10x Research report, trading signals have increased long positions to 70% net long for the first time, indicating a favorable buying opportunity for both Bitcoin and Ethereum (CRYPTO: ETH) with a 2-3 month horizon.
With the crypto market surpassing the $2.20 Trillion market cap, the Solana token has experienced a bullish reversal. Further, with its latest announcement of launching the second crypto phone the “Seeker” in 2025, its native token “SOL” has picked up momentum.
A bullish price prediction for Solana was recently shared by renowned trader Peter Brandt, who is well known for his accurate technical forecasts. Brandt stated that SOL was in close proximity to a crucial support area, and a breach of that support could result in a decline toward the $80 mark, but thanks to the strong support level, SOL bounced off.
As the cryptocurrency landscape continues to evolve with numerous layer-1 and layer-2 blockchains, the decentralized finance (DeFi) platform Drift is making significant advancements on the Solana (SOL) blockchain. Recently, Drift announced a successful $25 million Series B funding round led by crypto venture firm, Multicoin Capital.
After 15 years of being inactive, wallets from the "Satoshi Era" have just moved a whopping $16 million in Bitcoin!
An inactive Bitcoin wallet for 13.1 years awakens, turning $524 into $3.8 million. Discover this fascinating story.
"Crypto is trading at month's highs, and the market is set for a stronger rally," one analyst noted.
Apart from SolanaFm and Coinhall acquisitions, Jupiter is launching new products, including Jupiter Mobile, created with MoonPay, allowing fee-free crypto trading via Apple or Google Pay.
Discover the Solana Play Gen1: the first Web3 gaming console on the Solana blockchain
Between block height 862,079 and 862,087, a group of five vintage bitcoin wallets from 2009 came out of hibernation, spending a total of 250 BTC for the first time in over 15 years. With addresses from the Satoshi era being incredibly rare, these transactions, worth $15.
Despite Bitcoin's recent rally past $64,000 following the U.S. Fed rate cut, potential reversal signals have emerged.
Dormant Bitcoin wallets with more than 105 BTC reactivated after 13 years. What's behind this?
SG Forge, a subsidiary of Societe Generale, is launching its euro-backed stablecoin, EURCV, on Solana, following its initial release on Ethereum last year.
With Solana Breakpoint Day 1 about to open in Singapore on Friday, the $SOL price has been on a surge over the last four days. Up 16.4% over this period, will $SOL now go from strength to strength and recommence its bull run in earnest?
Societe Generale is expanding its EUR CoinVertible (EURCV) MiCA-compliant stablecoin to the Solana blockchain, according to a Sept. 20 statement.
Even the spot Ethereum ETFs saw some minor net inflows yesterday.
In a move that blends the world of traditional finance with cutting-edge blockchain technology, Franklin Templeton, a global asset manager with a cool $1.5 trillion in assets under management, has just revealed its plans to launch a mutual fund natively on the Solana (SOL) blockchain during the Solana Breakpoint 2024 event in Singapore on September 20.
Malone Lam and Jeandiel Serrano were arrested by the FBI Wednesday and charged with wire fraud and money laundering.
The U.S. dollar's strength against the Japanese yen is creating favorable risk-on market conditions for bitcoin, an analyst said.
It is expected that the Bitcoin market will embrace a strong bullish uptrend soon. Right now, the Bitcoin price stands at $63,455 – which is the highest the price has reached this month. Lately, the market has witnessed at least four consecutive green candlesticks, indicating that the market is aggressively moving towards a bullish phase.
Bitcoin is gaining traction as BlackRock's recent white paper hails the cryptocurrency as a unique hedge against monetary and geopolitical risks.
Earlier today, prominent blockchain tracker Whale Alert spread the word about several Satoshi-era Bitcoin wallets awakening after staying for more than 15 years in hibernation.
Bitcoin prices rise nearly 5%, BlackRock's iShares Bitcoin Trust (IBIT) struggled to attract new investments, netting a modest $6.76 million in inflows for September. This sluggish performance stands in stark contrast to the broader cryptocurrency market, where significant volatility has led to heightened investor caution.
Move 50 BTC mined a few weeks after Satoshi Nakamoto mined the first block of the Bitcoin blockchain.
The Federal Bureau of Investigation (FBI) has arrested two people suspected of stealing and laundering over $230 million in Bitcoin (CRYPTO: BTC). What Happened: Malone Lam and Jeandiel Serrano were taken into custody on Wednesday night, according to a press release by the U.S. Department of Justice.
Bitcoin is currently exhibiting bullish price action that has sparked optimism among crypto investors. The cryptocurrency recently broke above the psychological $60,000 price barrier after three weeks of acting as a dreaded resistance level.
The global crypto market registered another increase of 3.06%, pushing it to $2.21 trillion. Bitcoin (BTC) is up over 3%, while Ethereum (ETH) continues its stellar recovery, and is up almost 6% over the past 24 hours, having surged past $2,500.
Bitcoin (BTC) price has been forming a midterm reversal pattern after rallying to a daily high of around $64,082. The initial bullish outlook triggered by the Fed's rate cut, which signaled the onset of a shift to an economic growth period, has gradually waned off.
Firedancer, a blockchain validator client for Solana, is expected to enhance the network's efficiency and scalability.
Solana price has soared following major announcements at Token2049, but can SOL hit $200 by October?
With the cryptocurrency sector's growing presence in the mainstream, many crypto traders and investors are looking for a chance to earn some profit from its assets, including those that could provide them with a vast income, say $1 million, from investing a relatively low amount like $5,000.
The US spot Bitcoin ETFs registered a net cash inflow of over $158 million on Thursday, amid the changing economic outlook accelerated by the recent Fed's rate cut.
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market has had a great week so far, and Ethereum closed with a 9% price increase.
Ever since the Bitcoin price faced rejection from the ATH, each move appears to have been calculative, largely influenced by the previous price action. As a result, many were quite optimistic about the next price action in the times when the BTC price slashed below $50,000.
Bitcoin hits 25-day high, surging 10.3% amid bullish momentum. Fed rate cut and BlackRock's report drive market optimism.
Now trading close to $63,000 Bitcoin is getting close to a critical level that could indicate a lower high in the current declining trend. If Bitcoin fails to break through key resistance, the formation of this lower high is frequently interpreted as an early warning sign of a possible price reversal, indicating that a significant decline may be imminent.
Solana Mobile unveiled its next Web3 Phone, the successor to the Solana Saga, its first product. The phone, referred to previously as “Chapter 2,” is now called the Seeker, and has been confirmed to feature a 6.36” display, with 128GB of storage and 8GB of RAM, “a longer battery” and two cameras.
Bitcoin has been in a funk recently, but now could be a fantastic time to buy it at a 20% discount.
Five miner wallets that received block rewards weeks after Bitcoin's launch started moving their tokens.
Around 250 BTC from Bitcoin's early days were transferred after 15 years of inactivity, revealing the huge rewards reaped by early miners. The $16 million worth of "Satoshi era" coins highlights the conviction of pioneering hodlers.
At Solana Breakpoint 2024 in Singapore, the atmosphere was electric with excitement as the Solana community gathered to witness groundbreaking updates. SolanaFloor recently shared some exciting news on X: Franklin Templeton, a global asset manager overseeing $1.3 trillion in assets, plans to launch a mutual fund on the Solana blockchain.
Xandeum, a blockchain storage layer, is set to reveal its cutting-edge solution for scaling Solana's storage capacity at Breakpoint 2024 in Singapore. The highly anticipated announcement, scheduled for September 20, 2024, will also include details of Xandeum's new liquid staking platform and the official launch of the XAND token.
After the Federal Reserve cut interest rates by 50 basis points, the markets rallied strongly on the event. The S&P 500 posted a new all-time high, and Bitcoin (BTC) surged more than $4,000.
He believes that Bitcoin mining, a process that creates new Bitcoin, can help support renewable energy, like wind and solar power. It might sound a bit complicated, but let's break it down so it's easy to understand.
After experiencing a strong downturn in late August and early September, Bitcoin (BTC) has, in recent weeks, entered a rally that only grew in intensity shortly after the Federal Reserve lowered interest rates by 50 basis points on September 18 for the first time since 2020.
Data from crypto monitoring services reveals that five Satoshi-Era wallets, inactive since 2009, have transferred a total of 250 Bitcoin, valued at approximately $15.9 million. Each wallet had originally accumulated 50 BTC as block rewards, a common practice in the early days of Bitcoin when mining difficulty was significantly lower.
AVAX is the other massive gainer from the larger-cap alts.