Author: News Room
The price of Bitcoin (BTC) has fallen after rising to the $74,000 mark. New analysis of the BTC price by Coinidol.com. Bitcoin price long-term forecast: bearish The cryptocurrency traded and reached a high of $73,794 before being beaten back. The rise ended when the price of the cryptocurrency fell below the 21-day SMA. Currently, the Bitcoin price is trading between the moving average lines. The value of Bitcoin is currently at $62,261 at the time of writing this article. According to the price indicator, Bitcoin is expected to fall even further. The BTC price has fallen below the 21-day SMA…
Top market analyst Ali Martinez has revealed the quantity of Bitcoin (BTC) to buy at each price level in his newly unveiled Dollar Cost Averaging (DCA) strategy. With the price of Bitcoin yet to find defined support amid the ongoing correction, some investors seek ways to leverage the price discount. However, some market experts advocate the dollar cost-averaging approach for those looking to augment their holdings. This system involves buying Bitcoin with a smaller yet fixed dollar regularly, at different price levels. With DCA, traders “apply value investing principles to regular investment.” The Martinez Strategy As outlined by the Ali…
Although Bitcoin has been in a downward trend lately, there is no decrease in interest in BTC. Because Bitcoin purchases have peaked in Argentina, one of the countries with very high inflation. According to Bloomberg, Bitcoin purchases in Argentina increased by 100% last week, as inflation reached 276%. Citizens of the country buy Bitcoin instead of exchanging it for dollars in order to maintain the value of the peso, the fia currency, which is melting in the face of high inflation. At this point, Bitcoin purchases in Argentina, one of the countries that have adopted Bitcoin at the highest level…
As Argentina’s inflation climbs, Bitcoin gains popularity over fiat currencies, driving increased crypto purchases and scam activity. In Argentina, where inflation has surged to staggering levels, Bitcoin is emerging as a preferred hedge against economic instability, Bloomberg reports, citing data compiled by a local crypto exchange Lemon Cash. Lemon Cash’s data reveals a significant uptick in Bitcoin transactions, nearing their highest weekly value in 20 months. The surge appears to coincide with President Javier Milei’s implementation of shock therapy policies aimed at revitalizing the economy, prompting Argentines to seek alternative means of financial security. You might also like: Argentine president…
Liquid restaking platform EtherFi’s ETHFI token has faced considerable struggles since its airdrop, partly due to one of its early investors selling their airdropped tokens.Blockchain analytical firm Nansen reported how Arrington XRP Capital, one of EtherFi’s investors, allegedly may have gamed EtherFi’s airdrop process for personal profit.Arrington ‘sybils’ EtherFiNansen’s findings reveal that Arrington XRP Capital staked 5,000 ETH across ten separate wallets, each containing 500 ETH. This move allowed the firm to claim the ETHFI airdrop from ten separate wallets, amassing 200,498 ETHFI tokens.Subsequently, all the airdropped tokens were transferred to the Binance crypto exchange, suggesting the firm might have divested…
The Bitcoin halving is roughly a month away. It’s set to take place on or around April 20, though the exact date won’t become clear until it’s closer. The quadrennial event takes place every 210,000 blocks, this time at block 840,000. Following the halving, the amount of bitcoin awarded to miners will be, well, halved: Mined bitcoin rewards will drop to 3.125 per block, down from 6.25. The last halving occurred in 2020 when the rewards dropped from 12.5 bitcoin per block to 6.25. What’s different this time? This will be the fourth halving in the history of Bitcoin, but…
TL;DR Bitcoin (BTC) dropped below $61,000, but some Solana-based meme coins like Book of Meme (BOME) are well in the green. Another meme coin, Slerf (SLERF), spiked in price before being involved in a suspicious activity that erased $10 million in investor funds. The correction in the cryptocurrency market has intensified in the past 24 hours, with Bitcoin (BTC) dropping below $61,000 for the first time in two weeks. However, some Solana-based meme coins continue defying the negative trends, witnessing substantial gains. One evident example is Book of Meme (BOME), whose valuation briefly spiked by 30% on a daily scale…
TL;DR The Ripple v. SEC case over XRP’s legal status nears its trial on April 23, following a joint letter regarding trial preparations. The lawsuit’s resolution could be crucial for XRP’s price, with previous legal victories for the company prompting notable surges. The lengthy legal battle between Ripple and the United States Securities and Exchange Commission (SEC) is nearing a grand trial (scheduled for April 23), which seems to be the final chapter of the dispute. Recall that the lawsuit was launched in December 2020 when the regulator accused the company of illegally raising more than $1.3 billion in an unregistered…
[PRESS RELEASE – London, United Kingdom, March 20th, 2024] Memeinator’s presale has entered its final stage with 4% of the total supply of tokens remaining before it becomes available for public trading. The team has observed the presale’s impact among meme coin enthusiasts, driven by its Terminator-inspired branding and ambition to lead in the meme coin market. They also expect the enthusiasm for MMTR tokens to further increase as it hits the open market, which will be further fuelled by the release of The Meme Warfare game being developed by Red Apple and due for a beta release in Q2.…
[PRESS RELEASE – London, United Kingdom, March 20th, 2024] Scorpion Casino ($SCORP), a leading GameFi platform, today announced it has surpassed $8 million raised in its ongoing presale. This significant milestone demonstrates the users’ confidence in Scorpion Casino’s innovative approach to online gaming. The presale funds will be used to further develop the Scorpion Casino platform, including the launch of its highly anticipated sportsbook scheduled for April 1st, 2024. Additionally, the funds will support the integration of new features and functionalities aimed at enhancing the user experience for all players. The Scorpion Casino presale remains open, offering investors the opportunity…