Bitcoin News Thebittimes.Com

Charles Hoskinson has placed crypto YouTube channel Altcoin Daily top of a list of crypto news outlets ranked on how fairly they treat Cardano . Coincidentally, the YouTube channel that hosted this highly impartial investigation into media biases was… Altcoin Daily. During the video, Hoskinson stresses that the outlet’s favorable rating wasn’t given “just because we’re being interviewed.” Indeed, according to the Cardano and Ethereum co-founder, “[Altcoin Daily] have a huge audience, you’ve always been friendly, you’re nice guys, and you try to get things right and accurate.” Altcoin Daily has 1.48 million subscribers and creates videos with clickbait titles. Hoskinson then ranks CoinDesk a B, saying it’s been accurate and fair in reporting hard forks. Hoskinson considered buying the publisher last year, and claimed during the interview that he passed on the purchase as there would be “ a mismatch of what we perceived to be the value in their expectation...

Cardano (ADA) is one of the leading crypto coins ruling the space. The token is known for its stellar ecosystem, which is always experimenting with new ways to boost the decentralization narrative. However, the token’s slow price pace has been a serious topic of discussion within the crypto community, as ADA has yet to break into a bullish price streak. Despite the slow momentum and pace, several crypto analysts have floated positive reviews for ADA, claiming that the token has the mettle to ascend to new heights very soon. Also Read: Cardano’s Future: ADA Bound For A Major Breakout When This Happens! Cardano’s Journey to $3.10 Source: The Daily Hodl The current bull cycle has delivered several new ATHs to certain crypto coins, helping them establish robust price thresholds. However, in the middle of it all, ADA is yet to project its bullish stance, which will eventually help ADA investors gain considerable traction within the space. Despite its le...

Ripple’s CEO, Brad Garlinghouse, predicts that exchange-traded funds [ETFs] for crypto currencies like XRP, Solana [SOL], and Cardano [ADA] are on the horizon. Speaking at the Consensus 2024 conference, Garlinghouse expressed his certainty that these ETFs would soon be available, following the recent approval of spot Bitcoin [BTC] and Ethereum [ETH] ETFs. He stated, “It’s just a matter of time, and it’s inevitable there’s gonna be an XRP ETF, there’s gonna be a Solana [SOL] ETF, there’s gonna be a Cardano [ADA] ETF and that’s great.” Ripple, which has a strong connection to XRP, has been closely watching regulatory developments. The approval of key filings for ether ETFs by the U.S. Securities and Exchange Commission [SEC] indicates a changing regulatory landscape. However, these ETFs still need final approval before they can begin trading. Cathie Wood, CEO of ARK Invest, noted during the conference that crypto ’s rol...

Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed. Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions.  A note of caution to the eager dip buyers is that Glassnode data shows the number of whale wallets with more than $1,000 Bitcoin dropped to its lowest level in about a month. This indicates that some whales may have sold into the recent strength. Daily cryptocurrency market performance. Source: Coin360 DecenTrader co-founder Filbfilb said in an interview with Cointelegraph that a drawdown could come before the rally leading into Bitcoin halving in April 2024. Filbfilb believes Bitcoin could pick up pace after that and reach $46,000 to $48,000 by halving. Could Bitcoin and the select altcoins resume their uptrend, or will higher l...

Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation. Buyers are finding it difficult to maintain Bitcoin (BTC) price above $27,000. The selling increased after the September producer price index rose 0.5% for the month versus expectations for a 0.3% increase. This shows that the inflation pressures are unlikely to ease in a hurry for the United States economy. The uncertain near-term environment has shifted analysts’ focus to November and the upcoming halving event expected in April 2024. Crypto analyst Miles Deutscher cited a chart from CryptoCon and said that if history repeats itself, then Bitcoin may turn up by November 21 and start its journey higher to the next halving. Daily cryptocurrency market performance. Source: Coin360 Going further ahead to 2026, BitMEX founder Arthur Hayes is even more bullish. While speaking as a guest on Impact Theory with Tom...

Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment. Bitcoin (BTC) and altcoins have been volatile in the past two days as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of the biggest crypto exchanges, Binance and Coinbase. After the initial knee-jerk reaction to the news and the subsequent rebound, markets are likely to enter a range as traders reflect upon the uncertainty around the lawsuits. The initial response has been encouraging as the markets have not collapsed, indicating the growing maturity of the crypto space. Daily cryptocurrency market performance. Source: Coin360 Glassnode data shows a decline of 12,600 Bitcoin from exchange balances on June 5 and 6, indicating that traders kept their cool and did not panic as they had done during the FTX episode in November. What are the critical support levels to watch for on the ...

The cryptocurrency market is currently in carnage due to increased liquidations. The world’s largest cryptocurrency, Bitcoin [BTC], dipped by nearly 5% over the last couple of hours. This drop comes after weeks of recovery for the king coin. Along with Bitcoin, the rest of the market also nosedived. Prominent altcoins like Ethereum, Cardano , Solana , MATIC , XRP, Litecoin, and others were deeply impacted by this fall. Here’s how each one of these assets was faring amidst the ongoing crash. Ethereum [ETH] The second largest cryptocurrency was mirroring Bitcoin in terms of daily loss. At press time, Ethereum was trading for $1,569.79 with a 4.49% daily drop. Source – ETH/USDT Chart on TradingView ETH broke three prominent lines of support to reach its current level. As seen in the above chart, the cryptocurrency dipped below its immediate support line of $1622, followed by $1597 and $1565. Additionally, the Relative Strength Index [RSI] indicator revealed th...

Bitcoin started March on a positive note, but historically the month has recorded mediocre gains, which could be an early warning sign for crypto investors. Bitcoin (BTC) was marginally positive in February even though the S&P 500 index (SPX) fell by 2.61%. On the first day of March, Bitcoin has started on a positive note while the United States equities markets are struggling. This shows that Bitcoin is trying to decouple from the U.S. equities markets. A positive sign is that retail traders seem to have made the most of the crypto bear market. Instead of panicking and selling their holdings, traders have purchased at lower levels. Glassnode data shows that wallets holding at least one Bitcoin have consistently risen and are nearing the 1 million mark for the first time ever. Daily cryptocurrency market performance. Source: Coin360 Historically, March has been a mediocre month for Bitcoin. Coinglass data shows that Bitcoin closed the month of March with double digit gains only tw...