Crypto News

Bitcoin (BTC), the largest cryptocurrency by market capitalization, is fighting a big milestone trying to sustain a $2 trillion market cap and a $100,000 price.Once bitcoin has conclusively overcome these milestones, there may be clear skies ahead. Bitcoin has rallied over $30,000, since Donald Trump won the U.S. election in November, which coincided with many coins leaving exchanges, but primarily BTC leaving in large chunks.Glassnode data shows that transactions worth more than $10 million of bitcoin have been leaving exchanges at a rapid rate which signals aggressive buying from an institutional level. Many of these transactions appear to be coming from the exchange Coinbase, which is why we have noticed a Coinbase premium in recent weeks.As of yesterday, almost 12,500...

Solana developers recently approved the first block increase in the blockchain’s history, signaling a commitment to maintaining network operability and scalability in preparation for the chain’s future demand. Solana Devs Pass Symbolic Block Limit Increase, Aim for Further Expansion Solana, one of the top blockchain projects in the cryptocurrency industry, has recently passed the firstSource link

Bitcoin (BTC) traders could be in for another thrilling ride. A key technical indicator that presaged November's price surge is positioned precisely as it was then, signaling a potential volatility explosion ahead.That indicator is the Bollinger bandwidth, a tool used to gauge impending changes in market jumpiness. For bitcoin, the bandwidth has narrowed to less than 10%, a level not seen since Nov. 4, the day before the U.S. elections. The largest cryptocurrency subsequently surged to $100,000 from $70,000 in four weeks.Bollinger bands mark levels two standard deviations above and below the 20-day moving average of an asset's price. The bandwidth refers to the spread between upper and lower bands, with rising figures representing volatility boom and vice versa.Volatility is...

The Pudgy Penguins NFT collection is keeping Web3 hopes afloat in a sea of dead NFT projects and a generally muted collectibles market.The non-fungible token set became the world’s second most-valued NFTs on Wednesday, with the minimum — or floor — price for any of the 8,888 comic penguins topping $100,000 and flipping the collections' value above its comic monkey forerunner, the Bored Apes Yacht Club.That means buying a single NFT now costs more than a bitcoin, which currently trades at just over $100,000.The floor price has jumped 76% in the past seven days to over 26 ether (ETH), or just above $105,000. Bored Apes and CryptoPunks — the most valued NFTs — both fell 12% in the same period.Demand...

The Web3 SocialFi platform’s new Governance Staking and Engine Superlock programs combine community voting power with rewards.Source link