Month: August 2024

The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment has turned bearish, with increased selling pressure and critical valuation metrics suggesting potential for further decline. Cryptoquant Analysis: Bitcoin Plummets Amid Bearish […] Source: https://news.bitcoin.com/cryptoquant-insights-warn-bitcoins-mvrv-ratio-signals-bearish-turn/

Investors are going mad for meme coins again, and this time, Brett (BRETT) is benefiting. This Base chain meme coin has soared past the $0.10 level this week. Meanwhile, a newer contender, Base Dawgz (DAWGZ), is already building a strong position in its ICO – raising over $2.8 million from early backers. BRETT Bounces Back […] Source: https://news.bitcoin.com/brett-price-rises-above-0-1-as-base-dawgz-ico-nears-3m/

The pseudonymous bitcoin analyst known as Plan B, known for his work on the “stock-to-flow” (S2F) bitcoin price model, believes bitcoin’s market may have entered a bullish phase prematurely. While he suggests that the market has been “front-running,” Plan B remains confident that the top cryptocurrency will still hit $100,000 in 2024. Bitcoin’s Early Bull […] Source: https://news.bitcoin.com/plan-b-predicts-bitcoin-still-on-track-to-hit-100k-in-2024-despite-early-bull-market/

Automobili Lamborghini and Animoca Brands, known for non-fungible tokens (NFTs), Web3 gaming, and the metaverse, have announced a collaboration to enhance brand engagement in the automotive industry. This partnership aims to deliver unique experiences for Lamborghini’s fans and customers by integrating digital technologies. Creative design studio Gravitaslabs and Motorverse, a global ecosystem for digital vehicles […] Source: https://news.bitcoin.com/automobili-lamborghini-partners-with-nft-gaming-giant-animoca-brands/

The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows. Blackrock’s IBIT Leads Inflow Gains On Thursday, bitcoin and ether ETFs moved in opposite directions, with bitcoin funds posting gains and […] Source: https://news.bitcoin.com/us-bitcoin-etfs-soar-with-192m-boost-ethereum-etfs-record-modest-loss/

With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin Expansion Not long ago, the crypto market […] Source: https://news.bitcoin.com/stablecoin-economy-swells-by-1-53b-in-3-days-amid-market-rebound/