Bitcoin News Thebittimes.Com

Following a brutal bear market for most of 2022 and 2023, the crypto industry finally appears to be gaining its footing again in early 2024. Bitcoin and select altcoins have managed to climb back toward their former all-time price highs, signaling a potential change of fortunes after a prolonged crypto winter. With positive sentiment returning to the market and buyers regaining confidence, March could prove a momentous month if the following five cryptocurrencies manage to achieve new all-time highs. Also read: Cryptocurrency: Top 3 Cheap Coins To Buy For Massive Gains In March Ethereum Eyes $5,000+ As the second-largest cryptocurrency, Ethereum has neared its former peak of $4,891 twice since November 2021 but failed on both attempts. Currently still about 22% away from that high, ETH may finally be ready to set new records above $5,000 considering the anticipation of the ETH ETF and the awaited Ethereum upgrades. Shiba Inu Eyes $0.0001 Shiba Inu took the crypto...

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...

Polygon (MATIC) has come out on top as the biggest gainer among the top-ranked crypto projects. In the last 24 hours, the token has rallied by up to 14%, and by 30% in the last two days. The push is attributed to positive news and sentiment around the Ethereum scaling solution. Source: Coingecko Now, Polygon (MATIC) has been making headway in the web3 space. Since the end of June, the cryptocurrency has gained a total of 270%. But there are a host of reasons for its latest upward rally. What’s pushing Polygon (MATIC)? One of the biggest pieces of news related to MATIC was Meta’s announcement to allow Instagram users to mint and put up for sale, NFTs which will be powered by the MATIC network. The India-based blockchain is the first such partner for the social media giant. Meta stated, “Creators will soon be able to make their own digital collectibles on Instagram and sell them to fans, both on and off Instagram. They’ll have an end-to-end toolkit ...