Features Crypto News by Thebittimes.Com

The cryptocurrency market is trading rapidly, showing signs of a possible healing and recovery. With Bitcoin hitting the $70K mark again, the market has responded well to the change, with most of the coins trading in green. Here’s the latest forecast for two leading crypto coins, Dogecoin (Doge) and Bitcoin (BTC), for August 2024. Also Read: Shiba Inu: SHIB Could Spike 120% To Hit  $0.00003695, Here’s When? bitcoin -btc-and- Dogecoin -price-prediction-august-2024">Bitcoin (BTC ) And ( Dogecoin ) Price Prediction August 2024 Source: WatcherGuru bitcoin -price-prediction-for-august">Bitcoin Price Prediction for August With Bitcoin hitting a new price mark of $70K, the market has responded well to the milestone, helping other coins recover from the mutt. Bitcoin is currently trading for $65K, hinting at a possible price surge by August 2024. With Russia legalizing crypto payments alongside the US elections promoting the crypto sector, Bitcoin has lately reverted well to su...

In an unexpected turn of events, Justin Sun has denied that a photo he posted on X (formerly Twitter) on his birthday was AI generated – a conclusion many individuals jumped to after noticing that Sun’s hand appears to have seven fingers and the photo Features two different cakes with “Happy Birthday” spelled incorrectly. Well, many online commentators are eating their words today, much like Justin Sun was eating two ‘ RAPPY SLBTHDAY BOSS ’ cakes on his 34th birthday. Justin Sun’s birthday picture received a community note before he claimed that the picture “wasn’t generated by AI; it’s actually a scene of my birthday celebration in the office, taken by our team.” At 34, I deeply appreciate the value of time. As a founder, I understand my great responsibility. Achieving financial freedom for eight billion people requires focus and execution. Curiosity and an open mind will help us see the future sooner. Thank you all for your kind wishes. pic.twitter.com/TO1nm2wMO2 ...

A popular crypto analyst and trader thinks a trio of meme coins including Pepe (PEPE) are gearing up for big breakout rallies. Pseudonymous analyst Altcoin Sherpa tells his 219,100 followers on the social media platform X that Ethereum (ETH)-based altcoin PEPE and Solana (SOL)-based meme tokens dogwifhat (WIF) and Popcat (POPCAT) are threatening to take out their immediate resistance levels. “Big-cap memes loading for the next leg up. PEPE, WIF, POPCAT.” Source: Altcoin Sherpa/X Based on the trader’s chart, he seems to suggest that PEPE will break out after soaring above resistance at $0.0000128. At time of writing, PEPE is worth $0.0000177. Source: Altcoin Sherpa/X Looking at WIF, the trader appears to suggest that the altcoin is approaching its diagonal resistance hovering at $2.50. WIF is trading at $2.33 at time of writing. Source: Altcoin Sherpa/X As for POPCAT, Altcoin Sherpa seems to suggest that the level to take out is $0.9389. POP...

The latest game from Otherside, an NFT gaming firm backed with $450 million worth of funding from Bored Ape Yacht Club’s Yuga Labs, debuted last weekend with chaotic, buggy results. Project Dragon , a third-person shooter hosted in the Otherside ‘metaverse,’ launched on Saturday. In the game, players compete to hold and capture objectives across an 8-bit city map.  So far, it’s received a mixed reception. Some users, many with NFT profile pictures, have praised the game, while others have described it as ‘chaos,’ ‘buggy,’ ‘unresponsive,’ and having ‘terrible aim lag.’ One player said on X (formerly Twitter) that they quit the game after just 15 minutes of gameplay . “Still can’t believe that after millions of dollars and several years, this is the product they came up with,” they said.  Footage of Project Dragon streamed by RiftRadio, where he described capturing objectives as chaotic. Read more: Yuga Labs directs royalties to bankrupt FTX US Another complained, “We were supp...

The richest person in the world, the CEO of Tesla, Elon Musk , has once again stirred the entire world by sharing his opinion on the US economy. Musk has lately been quite active on social media and often posts highly opinionated posts on X. His latest comment on the US economy has divided social media, with users flocking over to see which narrative will ultimately gain Musk’s support. Also Read: Currency: Why Trump’s US Dollar Devaluation Plan Might Be A Bust? Elon Musk Sounds Alarm: The US Economy May Become The Next Venezuela Source: People Elon Musk is known for the eccentric and unique comments that the Tesla chief often makes on his social media platform. Recently, Musk took a jibe at US presidential candidate Kamala Harris. He retweeted a video of Harris, where she can be seen addressing a group of people. The video was shared with a tagline that stated “4 years of this,” which indirectly indicated his discontent with Harris being elected as president. Imagine 4 years of this...

The Mumu The Bull price surged 61% in the last 24 hours to trade at $0.0001148 as of 6:50 a.m. EST on an 88% pump in trading volume to $36 million. The MUMU price pump made the meme coin the top gainer among major cryptos by market capitalization, according to CoinGecko. Mumu The Bull Price Blasts Out Of Consolidation Range The MUMU price has blasted out of a consolidation range and has found solid support at $0.00001311. This support level has encouraged the bulls, driving the price up in a parabolic curve to the $0.0001198 resistance level. MUMUUSDT Analysis (Source: Tradingview) Even though there was a recent dip in bearish activity, bullish traders have pushed the price back up and are now driving Mumu the Bull’s price towards the $0.0001198 mark, showing strong bullish momentum.  The price is above the 50 simple moving averages (SMA), supporting the upward trend and reflecting a positive market sentiment for MUMU. The MACD line is also positioned above ...

Ethereum price started a decent upward move from the $3,080 support zone. ETH is recovering and might aim for a test of the $3,500 resistance zone. Ethereum is showing positive signs from the $3,150 pivot zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,280 support zone. Ethereum Price Eyes Steady Increase To $3,500 Ethereum price formed a base above the $3,080 support zone. A low is formed at $3,087 and the price started a decent increase above the $3,220 resistance zone, but lagged strength like Bitcoin. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD. The pair was able to clear the 50% Fib retracement level of the downward move from the $3,540 swing high to the $3,087 low. ...

The current price action of Decentraland (MANA) indicates that market optimism is on the rise as the digital currency regains its bullish momentum, with the price now targeting the key resistance level of $0.3713. This recent surge in MANA’s price occurred following a price rejection at $0.3099, marked by the formation of a hammer candlestick pattern.  MANA has shown renewed strength, attracting investors and traders who are eagerly waiting for an opportunity to capitalize on the potential upward movement, especially as it approaches the critical resistance level of $0.3713.  As MANA targets the $0.3713 price level, this article aims to explore the current bullish sentiment surrounding the token, including technical indicators and market trends . It will also evaluate potential resistance and support levels that the crypto asset may face, offering insights into the overall market outlook. ...

The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates for significant institutional investment in the newly approved market.  However, US states are also rushing to capitalize on the success of these ETFs by allocating a portion of their pension funds to reap profits and diversify their investments. Wisconsin, Jersey City, Michigan Allocate Millions To Bitcoin ETFs The first state to take the plunge was Wisconsin, which in May 2023 allocated approximately $98.6 million, or 2% of its pension fund, to BlackRock’s iShares Bitcoin Trust ETF. Now, two more states have joined Wisconsin in allocating state pension funds to Bitcoin ETFs. On Thursday, NewsBTC reported that the mayor of Jersey City, Steven Fulop, announced that it is updating its paperwork with the SEC to allow its pension fund to invest in Bitcoin ETFs.  ...

1. In Three Days, Nine Ethereum Spot ETFs Experience Combined Outflow of $179 Million link The Ethereum spot ETFs launched this Tuesday, with the nine ETFs collectively seeing an inflow of $107 million and a total trading volume exceeding $1.1 billion on their first day. BlackRock’s ETHA led with an inflow of $266.5 million, followed by Bitwise’s ETHW with $204 million, and Fidelity’s FETH with $71.3 million. In contrast, Grayscale’s ETHE experienced an outflow of $484 million. Despite the strong debut, Ethereum spot ETFs have continued to face outflows since Wednesday. On Wednesday alone, there was a net outflow of $133 million, and on Thursday, a net outflow of $152 million. As of the latest update, the total net asset value of Ethereum spot ETFs is $8.969 billion, with an ETF net asset ratio (market cap relative to Ethereum’s total market cap) of 2.36%, and a cumulative net outflow of $179 million. Major market maker Wintermute anticipates that Ethereum ETFs could attract up to $4 b...

The rally of Dogecoin (DOGE) persists as it maintains its recent upward trajectory, demonstrating strong market confidence without overpromising results. Meanwhile, Pepe coin's price gently rises, captivating attention with its playful market movements. Meme coin aficionados are closely monitoring the  MOONHOP presale, almost reaching $1 million, generating considerable excitement. With anticipated price increases at each presale phase, MOONHOP is shaping up to be the charming protagonist of this cryptocurrency narrative, forecasting thrilling developments for its followers. Dogecoin's Market Progress: A Consistent Advance Having secured a stable base above $0.1050, Dogecoin (DOGE) witnessed a significant rise. The ascent continued as it surpassed the $0.120 level and the 100-hourly simple moving average, reinforcing its positive stance in this rally. Dogecoin's momentum peaked at $0.1264 and is now consolidating its gains. It remains above the $0.1220 mark, sustai...

In a recent interview discussing the emergence of Ripple and Solana , 21Shares CEO Hany Rashwan discussed which crypto could be next in line for an ETF. Rashwan was featured on the Paul Barron network, where he talked about the potential of both assets, and their importance to crypto moving forward. Spot Ethereum ETFs debuted this week, after months of anticipation. With Bitcoin becoming the first crypto-based exchange-traded product in January, the two assets show a promising future for institutional investment in the space. Now, all eyes are on which could be next. Also Read: Spot Ethereum ETF Trading Volume Surpasses $1B, Still Undervalued? 21Shares CEO Talks ETF Potential for Ripple and Solana Thus far, 2024 has been a massive year for crypto. The mainstream adoption of the asset class has been undeniable, with Bitcoin and Ethereum setting a new standard. Now, the crypto market is looking at what assets could join them atop the entire industry. One prominent executive discussed th...