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Tag Archives: Crypto Bits

Ethereum Price in Danger? Dormant Whale Sparks Sell-Off Concerns After Moving $90M Worth of ETH to Kraken

TL;DR Massive ETH Whale Movement: A dormant ETH whale moved $90 million worth of ETH to Kraken, signaling potential selling pressure on the market. Market Impact: The transfer could affect ETH’s market by at least 2%, with implications for Kraken’s trading depth and broader market dynamics. Crypto Market Trends: The event aligns with increased whale activity and a bullish trend in altcoins, indicating a possible shift in market behavior. Massive Crypto Whale Wakes Up,...

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BitTorrent (BTT) Explodes by 100% In Hours Following Broader Market Rally

TL;DR BitTorrent (BTT) exploded by a whopping 100% in the past few hours. This follows a broader market increase where numerous cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA), experienced significant gains, with Bitcoin reaching $44,000 for the first time in 19 months and others hitting yearly peaks. Catching Crypto’s Green Wave Numerous crypto assets are well in the green today (December 6), with Bitcoin (BTC), Ether...

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What You Need to Know About the $500K Binance Airdrop

TL;DR Cryptocurrency Giveaway: Binance is offering $500,000 in cryptocurrencies to users who use their Web3 wallet for swaps until December 31, 2023. Web3 Wallet Launch: Introduced at Binance’s Istanbul conference, the Web3 wallet features secure cryptocurrency swapping, transfers, and dApp access. Platform Updates: Binance is removing four cryptocurrencies (BTS, PERL, TORN, WTC) due to various reasons and introducing zero-fee trading for selected pairs starting December 8....

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Mega Bullish Bitcoin (BTC) Price Prediction Coming From Adam Back

TL;DR Adam Back, CEO of Blockstream, predicts Bitcoin (BTC) could flip physical gold’s market cap and potentially reach a price of $700,000, possibly during the next halving cycle in 2024. BTC’s current market cap stands at over $800 billion, far from gold’s $14 trillion, but it had previously surpassed $1.2 trillion at its peak in 2021. Other bullish forecasts for BTC come from notable figures like Robert Kiyosaki, Michael Saylor, and Cathie Wood, with predictions ranging...

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Three Reasons Why Shiba Inu (SHIB) Price Soared 10% Today

TL;DR Shiba Inu (SHIB) saw a 10% price increase, influenced by the overall positive trend in the crypto market, with Bitcoin reaching $42,000. SHIB’s rally could be partly due to the success of Shibarium, its layer-2 blockchain solution, which recorded a dramatic increase in daily transactions, peaking at 7.84 million on December 3. The rise in SHIB’s value could also be attributed to its aggressive burning program, with a 1,000% increase in burn rate in a week leading to...

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Bullish for Cardano (ADA)? Latest Development Report Shows Promising Network Data

The latest development report from IOG (Input Output Global) for Cardano reveals a thriving blockchain ecosystem and significant advancements in technology and community engagement. The report outlines key achievements across various facets of Cardano’s development, with the Site Reliability Engineering (SRE) team playing a pivotal role in improving Cardano’s network and keeping up to date with its latest maintenance. These improvements include updating the Cardano node to...

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Will December See a Bitcoin (BTC) Bull Run? Three Major Factors to Consider

TL;DR Bitcoin’s 2023 Surge: Bitcoin has risen over 130% this year, with upcoming factors including the December 13 FOMC meeting and the December 12 US inflation rate announcement potentially influencing further price movements. Interest Rate Impact: The Federal Reserve’s upcoming decision on interest rates, which might remain stable or decrease, is expected to affect Bitcoin’s value. Lower interest rates could encourage investment in BTC. Spot BTC ETF Prospects: The potential...

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We Asked ChatGPT if Ethereum (ETH) Price Will Reach ATH in 2024

TL;DR Ethereum’s Price and Prospects: Ethereum (ETH) currently trades around $2,100, with the potential for a new all-time high influenced by market trends and technological advancements, especially its shift to proof-of-stake (PoS). Regulatory and Economic Factors: Ethereum’s future price could be affected by regulatory changes, with positive developments boosting investments and stricter regulations posing risks. Economic conditions and investor sentiment also play a...

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Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco

TL;DR Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%. Binance’s market share briefly dropped to nearly 40% following these regulatory issues, but the exchange continues to dominate among 23 other marketplaces. Binance recently decided to delist four cryptocurrencies, including...

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This Hasn’t Happened to Bitcoin (BTC) in Six Years

TL;DR Bitcoin (BTC) has risen above $38,000 as BTC’s supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX’s collapse and Binance’s legal troubles. The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin’s significant rally of 130% since the year’s start. Analyst PlanB forecasts Bitcoin reaching $65,000 after the 2024 halving and soaring to $524,000 by 2027, anticipating a more...

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