Nyan Heroes developer 9 Lives Interactive revealed the early access timeline this week alongside word of a new funding round.
Analysts from private wealth management firm, Bernstein have reaffirmed their previous Bitcoin prediction, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025. Bitcoin $150,000 Price Forecast Grows Stronger Bernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients on Monday that they were now more convinced of Bitcoin’s exponential surge to new all-time highs at around $150,000 by mid-2025. The analyst’s statements were a reiteration of their earlier Bitcoin forecast in November 2023, when they predicted the price of Bitcoin to surge to $150,000. Related Reading: Crypto Expert Reveals Why XRP Is Primed For Growth In This Bull Market At the time, Bitcoin was trading around a price of $35,000, putting the analysts’ estimate at around five times the price of BTC. Now with BTC recently witnessing remarkable surges to new all time highs above $71,000, and potentially continuing its upward momentum, Bernstein analysts’ forecast seems more probable. Analysts from the private wealth investment firm have disclosed several factors that could trigger BTC’s bullish momentum. Highlighting the success and surging demand for Spot Bitcoin Exchange Traded Funds (ETF), the company boldly affirmed that large volume of inflows into Spot Bitcoin ETFs could significantly contribute towards increasing the value of BTC. “We estimated $10 billion inflows for 2024 and another $60 billion for 2025. In the last 40 trading days since the ETF launch on Jan 10, Bitcoin ETF inflows have crossed $9.5 billion already,” Bernstein analysts wrote. Sharing the sentiment of most crypto analysts in the market, Bernstein analysts believe that the price of BTC could experience a fresh “break out” after the halving event in April 2024. At the time of writing, the cryptocurrency is trading at $68,218, witnessing a slight price correction of about 6.96% in the past 24 hours, according to CoinMarketCap. Miners To Become Top Beneficiaries Of BTC Surge In their note, Bernstein analysts highlighted that investing in Bitcoin miners could be the best equity proxy to BTC. According to their analysis, BTC miners typically outperform during BTC bullish cycles and conversely underperform during bearish periods. Related Reading: Cardano Ready For Breakout As Network Adoption Hits Major Milestone As Bitcoin rapidly rises to all time highs above $71,000, Bernstein analysts expect that institutional interest in Bitcoin related equities could top over, with BTC miners becoming one of the largest beneficiaries. Despite various analysts predicting that the next Bitcoin halving could potentially become a death sentence to small mining companies and solo miners, Bernstein analysts have revealed that the rising price of BTC and elevated transaction fees could serve as a cushioning mechanism for miners during the halving period. BTC price at $67,700 | Source: BTCUSD on Tradingview.com Featured image from CryptoSlate, chart from Tradingview.com
This week’s Crypto Biz covers the buzz surrounding Bitcoin, the outlook for Ether ETFs, Ubisoft as an XPLA validator, Coinbase’s challenges and global banks taking on blockchain.
Federal prosecutors have requested a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried (SBF) following his conviction for conducting one of the most significant financial frauds in recent times through the misappropriation of over $8 billion of customer funds. The US Attorney’s Office for the Southern District of New York filed […]
The post US prosecutors want SBF to serve at least four decades in prison appeared first on CryptoSlate.
A Bitcoin buying spree by an unknown address has not only piqued the interest of the crypto community but also sparked speculation that a sovereign state nation other than El Salvador might be accumulating the coin. Whale Buying 100 BTC Daily In a post on X, one user speculates that the whale likely belongs to a “small […]
The creator of Bitcoin’s Ordinals protocol is debuting a new fungible token standard to rival BRC-20. Here’s everything we know about Runes.
Marathon Digital is closing in on the “Flux Capacitor” when it comes to sheer watts.
Mozaic Finance experiences a major security breach, leading to a $2 million loss.
The U.S. Department of Justice set out its sentencing recommendations Friday after FTX founder Sam Bankman-Fried was found guilty last year.
The total value locked in DeFi protocols has breached $110 billion — but it’s still short of the $189 billion all-time high recorded in November 2021.
Starbucks Odyssey is shutting down this month, and it's unclear whether the Polygon-based NFT rewards program will be revived.
As Bitcoin drops below $68,000, history suggests this correction is rather tame for bull markets, as plunges to this deep on-chain level have been the norm. Bitcoin Short-Term Holder Realized Price Is Currently Around $53,200 As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, BTC still has a decent margin over the realized price of the short-term holders. The “realized price” is an on-chain metric that keeps track of the average price at which the Bitcoin investors acquired their coins. The indicator calculates this value by going through the transaction history of each coin and assuming that the last transfer of it was the last time it was purchased (that is, the price at the time is its current cost basis). Related Reading: Why Is Bitcoin Price Down Today? 3 Key Reasons When the spot value of the cryptocurrency dips below the realized price, it means that the average investor is now in a state of loss. On the other hand, a break above implies the market as a whole has entered into net profits. In the context of the current discussion, the realized price for only a particular segment of the investors is of interest: the “short-term holders” (STHs). The STHs include all the investors who bought their coins within the past 155 days. Now, here is a chart that shows the trend in the Bitcoin realized price specifically for this cohort: Looks like the value of the metric has been trending up recently | Source: @JA_Maartun on X As displayed in the above graph, the Bitcoin STH realized price has shot up recently as the price of the asset has gone up. This makes sense, as this group includes the most recent buyers, who would continuously be buying at higher prices in an uptrend, thus raising their average cost basis. At present, this cohort’s realized price is about $53,200. During the past day, BTC has seen a sharp drop that has taken its price below the $68,000 mark, but clearly, the STHs would still be in high profits even after this drawdown. “In previous bull markets, the average cost basis of short-term holders was fully reset multiple times,” explains Maartunn. This trend is most prominent in the data for the 2017 bull run when the price retested this level several times. An interesting pattern that has been held is that these retests of the level during bull trends have generally resulted in the cryptocurrency finding support and turning itself back around. The explanation for this trend may lie in the fickle nature of the STHs. The cost basis is an important level for these investors, and when a retest of it happens, they panic and show some reaction. Related Reading: Brace For Impact: MicroStrategy Is Planning Another $500 Million Bitcoin Purchase During uptrends, these holders are more likely to buy more when a retest of their cost basis occurs since they may think that the same price levels that were profitable earlier will be so again in the near future. Naturally, it’s not a certainty that Bitcoin would also end up retesting this level in this bull market. Still, a correction might reach close to it if the historical precedent is anything to go by. BTC Price Following its 7% drop in the past day, Bitcoin is trading at around $67,700. The price of the coin has registered a sharp drop over the last 24 hours | Source: BTCUSD on TradingView Featured image from Maxim Hopman on Unsplash.com, CryptoQuant.com, chart from TradingView.com
The prices of both Shiba Inu and Dogecoin fell double-digits on Friday after Bitcoin dropped below $67,000. This decline has seen both meme coins lose their gains for the last few days, triggering losses for investors and traders alike. But what was the cause of the crash? Dogecoin, Shiba Inu Follow Bitcoin The price eras […]
Solana's market cap is surging and hit a new all-time high late Friday as SOL hits its highest price since December 2021.
Solana (SOL) broke new ground on March 15 after an 11% rally brought its market capitalization to a new all-time high of $82.5 billion at a price of $186.77 per token despite the overall downtrend, which saw the market contract by 4%. This achievement surpasses its prior peak market cap of approximately $77.9 billion — […]
The post Solana defies overall market trend to hit new all-time high market cap appeared first on CryptoSlate.
Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world's largest crypto exchanges.
BSV fell hard after the UK courts declared Wright not to be Satoshi Nakamoto, but the BSV faithful remain defiant.
The self-proclaimed Queen of the Metaverse sold nearly half a million emotes on Roblox off a viral TikTok campaign.
Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels.
Ether futures and options reflect pro traders' confidence in the bull run.
Cetera Financial Group, a leading financial advisor Wealth Hub, has officially announced its endorsement of four spot Bitcoin Exchange-Traded Funds (ETFs). This approval paves the way for its network of financial professionals to incorporate these cryptocurrency funds into their clients’ portfolios. The Institutional Bitcoin Wave Is Rolling In Cetera, which manages assets exceeding $191 billion, […]
Mining firms like CleanSpark and Bitdeer have nothing to fear in April—as long as Bitcoin’s price doesn’t crash.
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop.
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators?
After a monstrous rally, the BTC price is showing signs of cooling off, with altcoins quickly following suit.
The Crypto Open Patent Alliance is seeking several court injunctions from Wright.
The crypto analyst who correctly called Dogwifhat’s (WIF) parabolic run has identified another Solana-based meme coin that could see a significant move to the upside. The analyst further suggested that WIF and this crypto token have striking similarities. A ‘God Candle’ Incoming For Myro Meme Coin Crypto analyst Bluntz Capital mentioned in an X (formerly Twitter) post that it won’t be long before the Myro (MYRO) token sees a god candle. The analyst added that everyone would wish they had bought the meme coin when it finally breaks its current all-time high of $0.4 and “starts doing rapid multiples.” Related Reading: Brace For Impact: MicroStrategy Is Planning Another $500 Million Bitcoin Purchase In a previous X post, Bluntz had suggested that MYRO is the next Solana-based meme coin to take off following WIF’s run to the top. The analyst had correctly predicted that WIF would attain the heights it is currently at right from when it was still trading at around $0.29. Back then, he stated that the meme coin would go “turbo parabolic.” Bluntz suggested that MYRO could follow a similar trajectory to WIF’s rise as he highlighted that both meme coins have the same chart pattern. MYRO, making a similar run to WIFs, could see it become the latest meme coin to join the billion-dollar club in terms of market cap. MYRO’s market cap currently stands at $340 million. Meanwhile, Bluntz isn’t the only analyst that MYRO could see a parabolic price surge soon enough. Crypto analyst Crypto Shadow also hinted that the meme coin will likely go “parabolic” soon enough. He believes this move to the upside will see MYRO rank with top meme coins like Dogecoin (DOGE), Pepe (PEPE), and FLOKI. Solana-Based WIF’s Insane Run WIF, another Solana-based meme coin, is currently having an insane run, similar to the kind of run other top meme coins like DOGE and Shiba Inu (SHIB) enjoyed during their breakout year in 2021. As a result, WIF is currently enjoying a year-to-date (YTD) gain of over 1,700%, making it one of the most profitable crypto tokens since the beginning of 2024. Related Reading: Crypto Expert Reveals Why XRP Is Primed For Growth In This Bull Market WIF’s run has also seen it surpass BONK as the most valuable Solana meme coin, boasting a market cap of over $3 billion to BONK’s $2 billion. WIF now ranks as the fourth-largest by market cap, behind DOGE, SHIB, and PEPE. However, if it somehow sustains this bullish momentum, it could soon surpass PEPE. Bluntz previously mentioned that WIF will flip at least two meme coins in this market cycle (it already flipped BONK) and further suggested that it could rise to become the second most valuable meme coin, only behind DOGE. MYRO price at $0.32 | Source: MYROUSDT on Tradingview.com Featured image from CoinMarketCap, chart from Tradingview.com
NetMind AI claimed that the token crash was caused by an individual miner being hacked, not by a platformwide exploit.
Bitcoin enthusiasts have suggested the Qatar Investment Authority is considering adding Bitcoin to its portfolio, but the odds of a multibillion-dollar purchase are low.
The Dencun upgrade slashes fees on layer-2 solutions, paving the way for cheaper DeFi and NFTs while laying the groundwork for Ethereum’s future scalability.