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In a recent report, JPMorgan predicted that Bitcoin will fall to $42,000 after the upcoming halving event. Indeed, analyst Nikolaos Panigirtzoglou forecasted the drop following halving “euphoria” that is set to take place in the second half of April. The report pointed to a reduction in minder rewards and a higher cost of production as the greatest influences on the falling value. Conversely, Bitcoin has surged through this week, surpassing $62,000 yesterday. That notes that the highest level BTC has reached since November 2021. Also Read: JPMorgan : 78% of Institutional Traders Not Interested in Crypto. JPMorgan Expects Bitcoin Drop After Halving Through the first two months of 2024, the digital asset sector has seen Bitcoin surge. The asset has climbed steadily closer to its all-time high of $69,000, encouraging investors. Subsequently, the industry is now anxiously awaiting how the upcoming Bitcoin halving could impact the price of BTC. Although many are hopeful that t

The non-fungible token market has witnessed tremendous growth this last week of February in terms of trading sales volume, market capitalization and floor prices. Based on the most recent international standings and weekly figures, the global sales of NFTs have surged by 23% from the past week. NFT Sales Pump 23% This Week Data compiled by cryptoslam.io, an on-chain market data aggregator, shows that the NFT market has seen significant growth this week. In the past seven days, the global NFT market has raised a trading sales volume of $355 million, representing a 23% spike from the past week. During this period, the number of crypto investors buying non-fungible tokens has increased by 43% to nearly one million. The number of crypto investors selling their NFTs has surged 23% to 617,000. These trading activities have increased the number of transactions by 2.53% to over 2 million. Ethereum, a blockchain-based computing network that enables crypto developers to build and deploy dec

Bitcoin’s surge past the $59,000 mark has sparked excitement across the crypto currency market, leading to significant gains for various tokens. Shiba Inu (SHIB) stands out, witnessing a notable 7% increase following Bitcoin’s bullish momentum. Bitcoin’s climb to a two-year high, edging closer to its all-time peak of $69,000 in November 2021, is driven by a surge in optimism and institutional interest. Traders eagerly jump into Bitcoin, fearing they might miss out on a potential bull rally. Shiba Inu’s Rally While the entire market is swaying by Bitcoin’s ascent, Shiba Inu appears to be reaping significant rewards from the ongoing surge. Data from CoinMarketCap shows SHIB trading at $0.00001113 after a robust 7.74% daily increase. Source Also Read: Shiba Inu (SHIB) Poised To Reach $0.00001; Here’s When Surge in On-Chain Whale Activity A significant development has occurred with the Shiba Inu token (SHIB) experiencing an unprecedented surge in on-chain whale activity, parti

On the first day of every month, Ripple unlock s 1 billion XRP tokens from an escrow system using the XRP Ledger. On March 1 (Friday), the company will unlock $600 million worth of tokens in three transactions of 200 million, 300 million, and 500 million XRP. Interestingly, March 2024’s unlock accounts for 1.83% of the current 54.59 billion circulating supply. Moreover, accrues for 2.48% of the remaining 40.3 billion XRP tokens locked in escrows under Ripple’s control. Three escrows will reach finality in the last minutes of February 29, held by two known crypto wallet addresses Ripple owns. In particular, ‘Ripple (22)’ will unlock 500 million XRP, previously locked in January 2020. Picked for you Bybit integrates TradingView facilitating trades with new charting capabilities 7 mins ago TRON network skyrockets to 100 million addresses, dwarfing Cardano and Avalanche 58 mins ago The anatomy of a parabolic plummet: why this stock crashed hard 2 hours ago

Bitcoin (BTC), the leading cryptocurrency , propelled above the $59,000 threshold, sparking a significant uptrend in cryptocurrency prices and related equities. This surge represents a notable achievement as BTC reaches its highest valuation since November 2021, signaling a revival of investor confidence in the crypto sector. Bitcoin sustained its upward momentum, registering a 5% increase over the previous 24 hours and attaining a remarkable $1.2 trillion market capitalization. The surge in BTC’s value occurs amid a backdrop of growing optimism and heightened trading activity within the crypto market. Source Fear and Greed Dynamics A pivotal indicator influencing market sentiment is the fear and greed index, which serves as a barometer of investor psychology. On Wednesday, the index surged to 82, indicating extreme greed and reaching its highest level in over a year. Such heightened greed levels often precede market corrections, potentially signaling increased volatility ahead

Bitcoin moved to regain new yearly highs at $56,775 in the last 24 hours.  An analyst argued the market is set for the biggest altcoin season in history.  The analyst foresees an altcoin valuation likely hitting $3.2 trillion this season. While the overall crypto market recently reclaimed a valuation exceeding $2.14 trillion, Mags, a technical analyst in the crypto community, believes the altcoin market alone could be worth $3.2 trillion. This view emerged as Bitcoin moved significantly to regain a new yearly high in the last 24 hours.  #Altcoin Its going to be the Biggest Altcoin season in human history.. pic.twitter.com/LfjYIEJWgb — Mags (@thescalpingpro) February 27, 2024 In particular, CoinMarketCap data shows Bitcoin has grown by over 10.4% from a low of $50,960 to as high as $56,775 within the past day. Among the top ten most prominent cryptos, the prime beneficiaries of the Bitcoin-led rally include Solana (SOL), which has reached $112 from $

According to Steven Nerayoff, speculations in Changpeng Zhao’s case could damage trust in the crypto industry. Zhao played a significant role in exposing and bringing down Sam Bankman-Fried and FTX. Nerayoff noted that many suggest SBF’s operation was part of a larger scheme involving influential figures. Steven Nerayoff, a renowned crypto attorney, speculated that Changpeng Zhao was going through extended scrutiny by the Department of Justice, and may face imprisonment for playing a major role in exposing Sam Bankman Fried and the FTX exchange.   The attorney thinks that facing such a consequence could be rooted in the fact that “SBF’s operation was part of a larger scheme to funnel money to politicians and other influential figures”. Moreover, the attorney stated, “If true, this could further damage trust in the cryptocurrency industry”. There is a lot of speculation that CZ, the CEO of Binance, played a key role in exposing and bringing down SBF and F

The Grayscale Bitcoin Trust (GBTC) on Feb. 23 recorded its lowest outflows since it converted to a spot Bitcoin ETF (exchange-traded fund) on Jan. 11. BitMEX Research data shows that withdrawals for GBTC totalled just $44.2 million on Friday. It hemorrhaged $5.64 billion in outflows in January, with $640 million being withdrawn from the ETF on Jan. 22 alone. February has been a better month, with only $1.8 billion leaving the fund so far. Overall, investors have pulled a collective $7.4 billion from the fund since its conversion.  Bitcoin ETF Flow – 24 Feb 2024 All data now in, except perhaps for the Galaxy/Invesco product Friday was a strong day, with +$232.3m of net inflow. Also, the outflow for GBTC was just $44m, lowest level since 11th Jan pic.twitter.com/1Q0OtjEJLt — BitMEX Research (@BitMEXResearch) February 24, 2024 Grayscale’s Bitcoin ETF Is Still Underperforming Competitors Although the reducing outflows is good news for GBTC, the ETF is still underperforming its

AiB introduces GovGen for AtomOne fork, revolutionizing blockchain governance. The All in Bits ((AiB) firm is led by Cosmos co-founder Jae Kwon. The Meme Moguls presale has raised over $2.657 million so far. Cosmos developer All in Bits (AiB) is making waves in the blockchain world with the introduction of GovGen, a new governance-focused network set to precede the controversial AtomOne fork of the Cosmos Hub. Meanwhile, the Meme Moguls presale is gaining momentum, with the rising MGLS token price through the presale stages and expectations high as the presale nears its end. All in Bits’ GovGen blockchain for AtomOne fork GovGen is set to revolutionize blockchain governance by offering a decentralized decision-making process. Spearheaded by All in Bits, the firm led by Cosmos co-founder Jae Kwon, GovGen will play a crucial role in shaping the design and launch of the upcoming AtomOne fork. Scheduled to go live on Tuesday at 9 am ET, GovGen aims to pro

Bitcoin Dogs (0DOG) is crypto’s pioneering ICO on Bitcoin blockchain. Analysts say Bitcoin is entering a new era with Layer-2 and BRC-20 tokens. 0DOG presale is selling out fast amid massive investor interest, raising more than $4.3 million in just ten days. Crypto currency markets have experienced a significant sentiment boost in the last two months and investors keen to ride the upcoming momentum might fancy the extremely bullish aura surrounding Bitcoin ( BTC ). The flagship cryptocurrency, currently showing a resilient outlook above $50k, however has another ecosystem quickly growing around it – the Bitcoin Layer-2 and BRC-20 token standard. One particular project is the focus of crypto investors – Bitcoin Dogs . Bitcoin Dogs (0DOG): Pioneer ICO on Bitcoin takes market by storm The Bitcoin Dogs (0DOG) project is on the cusp of entering a new phase with its $0DOG token market launch. Ahead of this highly-anticipated development, the attention of the cr

The $SPONGE token’s resurgence is fueled by anticipation for its V2 launch, with the staking campaign exceeding $10.7 million. The surge in meme coin popularity in 2023 witnessed projects such as Sponge yielding substantial profits, rewarding early investors with significant returns. Anticipated improvements in the upcoming V2 iteration of the token promise even greater potential for gains, boasting enhanced rewards and utility Features . $SPONGE’s Transition to Polygon and V2 Advancements $SPONGE, a meme coin phenomenon, surged by 100X in 2023, reaching an astounding $100 million market capitalization. Following its successful launch on Uniswap, Sponge promptly obtained listings on prominent centralized exchanges including MEXC, Bitget, Gate.io, and others. If you missed Sponge’s rapid ascent, there’s still an opportunity to capitalize on Sponge V2 before its highly anticipated debut on leading exchanges. Currently, Sponge boasts over $10.18 million staked and bridged, following

The JasmyCoin price has plummeted 18% in the last 24 hours to trade for $0.015039 as of 6:15 a.m. EST time. Trading volume has also dwindled by almost 50%, with the drops signaling that investors are shifting their interest away from JASMY. Nevertheless, some analysts remain bullish on the altcoin. LONG: #JASMYUSDT.P $JASMY by @Xanrox JASMY is breaking its 520-day symmetrical range, potentially yielding a 545% profit soon, prompted by an anticipated Elliott Wave impulse. Join: https://t.co/ndbxlFU3a1#signals #trading #tradingopportunity pic.twitter.com/JTRV1o5MJf — Cryptoninja.eth (@DrCryptoNinja) February 23, 2024 JasmyCoin Price Prognosis The JasmyCoin price is confronting resistance due to the 50% Fibonacci retracement level at $0.015734. It comes after a rejection from the $0.020000 psychological level, likely associated with JASMY being massively overbought, seen with the Relative Strength Index (RSI) position above 70. With this, a pullback may be due. The pullback poss

Two narratives are recently unfolding in the crypto sphere. On one front, a recent report by Chainalysis unveils a promising decline in crypto laundering activities, marking a significant step forward in ensuring the integrity of digital transactions. Simultaneously, another story is gaining momentum—the meteoric rise of one of the best ICOs, Galaxy Fox, and the growing popularity of its presale.  Let’s take a more detailed look at these two stories. Crypto laundering drops as per Chainalysis Chainalysis reveals that in 2023, the total value of laundered funds through cryptocurrencies amounted to $22.2 billion, a notable decrease from the $31.5 billion recorded in 2022.  What’s intriguing is that this decline outpaced the reduction in overall transaction volumes, indicating a multifaceted approach to tackling illicit financial activities within the crypto sphere. Factors behind the decline Several factors contributed to this decline. First is the overall de

A non-fungible token (NFT) platform is launching a classic Nintendo emulator on Bitcoin (BTC) using BTC ordinals. In a new announcement, NFT platform Pizza Ninjas says it has successfully launched an N64 emulator on the crypto king using ordinals, which inscribe data on satoshis, the smallest unit of BTC. Emulators allow gamers to play video game consoles on other devices without needing to own or operate the console itself. According to Pizza Ninjas, utilizing Google’s Brotli Compression method has allowed them to inscribe bigger and bigger items. “Inscribing a larger system like N64 and its games is more realistically feasible than before. Brotli Compression allows for file size reductions around 80%. Take for example, the iconic Goldeneye 64. It’s 12.4 MB uncompressed, but with Brotli we can get it down to 3.15 MB! This is enough to fit it inside 1 Bitcoin block (4 MB) or split across 8 transactions under 400 kb. And with network fees now the lowest we’ve

a16z has invested $100 million in Ethereum restaking protocol EigenLayer. The startup founded by former University of Washington associate professor Sreeram Kannan raised $50 million in March. EigenLayer has a TVL of $7.84 billion, up from $2.15 billion on February 5, 2024. Venture firm Andreessen Horowitz (a16z) has invested $100 million in EigenLayer, a startup founded by former University of Washington associate professor Sreeram Kannan. According to a Bloomberg report on Thursday, a16z was the only investor in the funding round. a16z backs EigenLayer with $100 million EigenLayer is the largest restaking protocol on Ethereum. It allows validators and stakers to earn by restaking liquid staking derivatives such as the Lido staked Ether (stETH) and RocketPool staked ETH (rETH).  The $100 million investment adds to the $50 million that the EigenLayer team raised in March last year.  Accelerating Ethereum Tog ETH er: @eigenlayer ♾ @a16z Crypto We ar

In the dynamic realm of cryptocurrency , few occurrences captivate attention quite like extraordinary price surges. Shiba Inu (SHIB) and Dogecoin (DOGE) have been prominent players in such surges, witnessing remarkable percentage gains in recent times. Now, investors are left wondering: Could this phenomenon recur in 2024? Shiba Inu’s Journey As of the latest update, SHIB has experienced a slight decline of 0.97% in the past 24 hours. Currently, its value is resting at $0.0000097. Despite attempts by bullish traders to breach the $0.00001 threshold and potentially eliminate a zero from SHIB’s price, the coin faced resistance over the weekend, halting its upward trajectory. Source Throughout the preceding year, Shiba Inu has encountered volatility, evidenced by a significant 28% decrease. Nonetheless, with the year still in its infancy, there remains ample opportunity for potential growth. Unlike its explosive performance in 2021, SHIB didn’t capture widespread mainstream attentio