Altcoin News Official Today TheBitTimes.com

The cryptocurrency market has witnessed a precipitous contraction, with $350 billion exiting the market in the last 48 hours.  Data retrieved by Finbold from CoinMarketCap on January 9 reveals that the total market capitalization has plummeted from $3.58 trillion to $3.23 trillion, marking a stark reminder of the asset class’s inherent volatility. At the epicenter of this decline is Bitcoin (BTC), whose market capitalization eroded from $2.03 trillion to $1.83 trillion within the same period.  Picks for you Analyst sets Dogecoin price roadmap to 2025 and 2028, citing historical patterns  25 mins ago Did the U.S. government just trigger a Bitcoin crash? 1 hour ago ...

The Sui Network (SUI) will unlock nearly $300 million worth of its native token on January 1, 2025. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings. Finbold has been monitoring and reporting Sui cliff unlocks according to data from Tokenomist . For example, December 1 saw Sui’s largest unlock in U.S. dollar value to date due to SUI’s ongoing price increase, unlocking $224 million worth of 64.19 million tokens. The phenomenon is set to repeat on 2025’s first day if SUI continues trading close to its current level. Indeed, the usual 64.19 million SUI unlock currently holds a nominal value of $274.11 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.19% after the token unlock. Picks for you This historical pattern p...

In 2024, Bitcoin (BTC) recorded triple-digit gains and even breached the long-awaited milestone price of $100,000 in early December. Despite BTC’s significant rise throughout the year, Finbold research found that the semiconductor giant Nvidia (NASDAQ: NVDA) delivered even higher returns than Bitcoin. An investment in Bitcoin made at the start of 2024 would have yielded a return of 139.72% by Thursday, December 12. In comparison, Nvidia stock would have appreciated 188.47% over the same period, making NVDA’s gains 1.35 times higher than BTC’s and offering a 35.7% greater return on investment (ROI). Nvidia stock’s valuation grew 87% more than Bitcoin’s in 2024 The discrepancy between the two star investments is even more obvious once their respective market capitalizations are considered.  Bitcoin’s valuation stood at approximately $830 billion at the beginning of the year, and it rose to almost exactly $2 trillion by press time. In tot...

As Bitcoin hits a new all-time high (ATH), the altcoin market is gaining significant momentum. Global interest in altcoins is surging, with search trends reflecting this growing attention. According to Google Trends, searches for “altcoins” reached the highest possible popularity score of 100 in the first few days of December. Looking at historical patterns, search interest in altcoins spiked notably in November, peaking at a score of 93 before dropping to 56 mid-month. This fluctuation followed the announcement of Donald Trump’s presidential victory on 5 November, coinciding with Bitcoin’s all-time high. With altcoins printing price rallies, investors are searching for the best altcoins to invest in today . 6 Best Altcoins To Invest In Today Render Token (RNDR) has recently shown strong price movement, indicating positive market sentiment. Theta Network (THETA) is trading at $3.03, marking a modest increase of 0.08% over the past 24 hours. Lido DAO (LDO) has ...

The XRP price surged 18% in the last 24 hours to trade at $1.799 as of 09:35 p.m. EST on trading volume that skyrocketed 146% to $18 billion. XRP Price Aims For A Continued Surge The XRP price has been on a continued surge since the beginning of November, as the bulls capitalized on the $0.50 support to push it up through a parabolic surge, breaching the $1.1 support zone. According to data from GeckoTerminal , the XRP price bulls have eventually breached the $1.4 consolidation zone, overcoming the $1.65 psychological resistance level. XRP price has still maintained its surge above both the 50-day and 200-day Simple Moving Averages (SMAs), which further supports the upward trajectory. Meanwhile, the Relative Strength Index (RSI) is currently at 77, in the overbought zone, which suggests the asset may be overextended in the short term. This doesn’t necessarily mean an immediate reversal but signals caution for potential pullbacks or consolidation after the recent sharp rally....

Dating back to 2017, Bitcoin Cash (BCH) is a hard fork of the leading cryptocurrency Bitcoin (BTC), which was developed to solve some of BTC’s scalability issues.  With a much larger block size limit of 32MB, compared to Bitcoin’s 2MB limit, BCH can provide both cheaper and faster transactions. However, the project has run into several difficulties — most notably, an internal disagreement led to another fork which resulted in the creation of Bitcoin Satoshi Vision (BSV) in 2018. Despite the obvious advantages that BCH provides in terms of utility, it hasn’t managed to secure a market capitalization comparable to its more established cousin.  Picks for you Here’s why Gold’s next move could propel prices to new highs 25 mins ago Sup...

Just over two months after BlackRock, a major asset manager heavily invested in cryptocurrencies, suggested that Bitcoin (BTC) and Ethereum (ETH) were the only two digital assets worth buying, here’s how they have fared in terms of price since its team’s public recommendation. Indeed, at the Bitcoin 2024 conference on July 26, BlackRock’s Head of Digital Assets Robert Mitchnick revealed that his company saw “very little interest” in digital assets among its clients other than the two largest cryptocurrencies by market capitalization, as Finbold reported at the time. #1 Bitcoin (BTC) As it happens, since the endorsement by BlackRock, Bitcoin has declined 5.66% (down from $65,771.81) and is at the moment changing hands at the price of $62,050, with the recent increase in dormant whale transactions signaling positive sentiment for the asset’s future price performance. Picks for you ...

After the United States Securities and Exchange Commission (SEC) reignited the legal fight against blockchain company Ripple over its sales of XRP (XRP) with an appeal to a key ruling, many are wondering about the token’s future and artificial intelligence (AI) algorithms are not optimistic. Indeed, the SEC’s legal team has filed a Notice of Appeal of District Judge Analisa Torres’s final ruling from August 7, 2024, which orders Ripple to pay a $125 million penalty for selling XRP to institutional buyers instead of the $2 billion demanded by the SEC, as Finbold reported on October 3. AI’s XRP prediction In this context, Finbold consulted the advanced AI algorithm over at the cryptocurrency monitoring and forecasting platform PricePredictions for the price of XRP on October 31, 2024, and it has set it at $0.488745, predicting further declines by the end of the month. Picks for you ...