Cryptocurrency News Official TheBitTimes.com

Bitcoin (BTC) and Ether (ETH) broke higher today, trading above $26,650 and $1,620. Maker (MKR) hit a yearly high near $1,470 amid fresh buy pressure. Meanwhile, Shiba Memu has raised over $3.3 million in its presale as SHMU price jumps to $0.030025.  Cryptocurrency’s total market cap was up 1.3% on Wednesday morning, with the top coins Bitcoin ( BTC ) and Ether (ETH) breaking above $26,650 and $1,620 respectively. The uptick in crypto prices came as the industry looked past SEC’s latest delay of a spot Bitcoin ETF and Chase Bank’s ban on crypto payments for its UK customers. Digital asset prices were also ticking higher as US futures rose after Tuesday’s brutal sell-off that saw the Dow Jones Industrial Average book its biggest single-day loss since March. Here is the price prediction for Bitcoin ( BTC ) and Maker ( MKR ), and an overview of the new crypto project Shiba Memu (SHMU). What is Shiba Memu? Shiba Memu is the new k...

On the heels of an encouraging ruling in the Grayscale-SEC case, Bitcoin’s value rose to $28,143. At press time, the asset was up by roughly 6% on the daily timeframe. However, its forked version, Bitcoin Cash , registered a 16% rally. Likewise, Grayscale’s Bitcoin Cash Trust [BCHG] also outstripped the investment management company’s apex trust, GBTC, on the price front. Shares in the former investment vehicle rallied by 18.05%, while those in the latter only rose by 16.95%. Other trusts involving altcoins also had a green day but failed to perform better than GBTC. Ether and Stellar-associated trusts, ETHE and GXLM, rose up by 12.3% and 14% respectively. Source: The Block Also Read: Bitcoin Derivatives Volume Rises to $1.4 Million Grayscale BCH Share Price Rises to $1.57 Grayscale BCH shares last traded at $1.57. Meanwhile, BCH was priced at $218.14 at press time. This means BCH G is providing investors exposure to Bitcoin Cash for merely $0.00719 on ...

As the crypto industry experiences heightened adoption, various platforms are embracing the Lightning Network for Bitcoin [BTC]. Binance, after encountering congestion during peak trading volumes, opted to integrate this layer 2 solution. Following a similar trajectory, Coinbase appears to be moving in the same direction. Recently, prominent Bitcoin advocates, including Block co-founder Jack Dorsey and MicroStrategy executive chairman Michael Saylor, were observed encouraging Brian Armstrong, the CEO of Coinbase, to adopt the Lightning Network . Dorsey candidly accused Armstrong and Coinbase of neglecting both Bitcoin and the Lightning Network last week. However, Armstrong refuted these allegations and clarified Coinbase’s position regarding the implementation of this layer 2 payments protocol. Also Read: Binance Officially Integrates Bitcoin Lightning Network We’re looking into how to best add Lightning. It’s non-trivial, but I think worth doing. I...

- Advertisement - The asset has significantly outperformed gold this year. - Advertisement - Bloomberg Intelligence Senior Macro Strategist Mike McGlone has asserted that Bitcoin shows indications of a potential supercycle. For context, a supercycle is an extended period of strong growth characterized by sustained demand that exceeds the available supply. In a tweet yesterday, McGlone pointed out that this year, Bitcoin has outperformed gold, the top performer amongst traditional assets, by “almost 10×.” According to the analyst, the performance indicates a crypto supercycle, noting the low adoption phase and limited supply of the leading digital asset favor this outcome. Consequently, the analyst suggests we will likely see increased Bitcoin volatility compared to traditional commodities as the asset forges its path to new highs. Furthermore, McGlone notes that recent bank collapses would only fuel this rise highlighting the benefits of Bitcoin and fully backed doll...

Last week, crypto investment products witnessed their largest influx since July 2022. Inflows during the period summed up to $160 million and brought to light the growing investor confidence. However now, it seems like large institutional investors have started exercising vigilance as a precautionary measure.   According to CoinShares’ latest weekly report, crypto and other digital asset investment products saw positive flows summing up to “a lackluster” of $2.5 million. In fact, the trading volume in investment products has fallen by 33%, when compared to the prior week. Last week, $127.5 million flowed into Bitcoin. The environment was “fairly supportive,” according to CoinShares, for the largest asset noted inflows worth $8.8 million. Alongside, short-Bitcoin products noted negative flows, indicating that institutions continue to have Bitcoin’s back. Source: CoinShares Also Read: $135 Million Flows Into Bitcoin, Solana, XRP, MATIC: Highest Since July 2022 XRP lead...

March proved to be a tumultuous month for the cryptocurrency ecosystem. With volatility written all over the market, several assets benefitted from the asset’s highs and lows. Amidst this, the social volume and presence of these cryptocurrencies also followed suit. As the month comes Lunar Crush shared a chart that showed the social emergence of Bitcoin [BTC], Ethereum [ETH], and others while meme coins like Shiba Inu [SHIB] lagged. March 2023 is coming to an end. Here are the top 10 coins by one-month LunarCrush AltRank:$ btc #Bitcoin $eth #Ethereum$link #Chainlink $bnb #BinanceCoin $avax #Avalanche $doge # Dogecoin $matic #Polygon $sol #Solana $xrp #XRP https://t.co/uMtMd3PkwF… pic.twitter.com/oU6W8TL2mr — LunarCrush (@LunarCrush) March 30, 2023 As seen in the above chart, Bitcoin led the rest of the assets as the king coin surged to a high of $29,159 this month. Ethereum’s Shapella upgrade allowed the asset to land a second place on the list. Surprisingly, Chainlink [LINK] too...

El Salvador ’s president, Nayib Bukele , unveiled a proposal on June 5, 2021, that would make Bitcoin legal tender in the nation. As a result, El Salvador became the first nation to accept Bitcoin as a legal currency. It was widely recognized as the first time a country used a volatile currency as a legal tender. However, many slammed Bukele’s move, stating that it would lead to increased money laundering and illicit behavior. Also read: ChatGPT: AI Will “Break Capitalism,” Says CEO Sam Altman However, Bukele has a different opinion regarding this, as he recently spoke about various things, including the benefits of legalizing Bitcoin, in his recent interview on “Tucker Carlson Today”. One primary benefit that Bukele highlighted was the visible spike in tourism in the country. 🇸🇻 El Salvador President says tourism increased by 95% since making #Bitcoin legal tender. pic.twitter.com/JL0EUR0Z2m — Watcher.Gu...