Bitcoin’s price experienced a 4% rise in the past 24 hours, reaching $63,259.0. This recovery comes after a period of losses, although overall sentiment towards the crypto market remains negative. The price movement of Bitcoin was partly influenced by weakness in the dollar, as the greenback lost 0.2% on Monday. However, despite this short-term recovery,
Crypto
Sonic, the first atomic SVM chain enabling sovereign game economies on Solana, has recently achieved a significant milestone with the launch of its incentivized testnet named “Odyssey.” This testnet has already attracted 100,000 connected wallets and facilitated over 17 million transactions in preparation for the upcoming mainnet launch. Backed by Cypher Capital, a prominent crypto
In the current market environment, the co-founder and chairman of MicroStrategy, Michael Saylor, has emphasized the significance of Bitcoin. Saylor’s statement that “Bitcoin expands your universe” comes at a time when the trading activity of Bitcoin on weekends has plummeted to a record low of just 16% this year. This shift in trading patterns indicates
Billionaire investor Peter Thiel recently shared his views on Bitcoin, suggesting that the cryptocurrency may have already reached a significant portion of its potential value. Thiel believes that there will not be any major price surges for Bitcoin in the near future, indicating that the days of substantial growth may be behind us. Thiel expressed
The recent price movements of Bitcoin have been quite volatile, with a mild rebound following a dip over the past two weeks. According to Santiment, a market analytics platform, Bitcoin’s rebound may be short-lived but there are signs pointing towards a potentially more significant bounce in the near future. This analysis highlights the wave of
Entrepreneur and influencer, David Portnoy, recently shared his intentions to invest more in Bitcoin at the right price point. He made it clear that he does not see the value in purchasing Bitcoin at the $60,000-61,000 range. However, if the price were to drop below $50,000, he plans to invest between $5-10 million in the
After a steep drop in value, Bitcoin seems to have found a support level at $58,000, which is historically significant. The 200-day moving average also indicates a possible rebound. The increase in trading volumes suggests that there is still interest from buyers at these lower prices. While Bitcoin is currently trading below the 100-day and
In a groundbreaking move, ApeChain, developed on behalf of the ApeCoin DAO, has integrated zkVerify, a zero-knowledge proof verification protocol created by Horizen Labs. This integration, set on ApeChain’s Jenkins Testnet, aims to elevate the efficiency and cost-effectiveness of zero-knowledge proof verification for Web3 games, particularly on the highly anticipated Arbitrum Orbit Chain. While zero-knowledge
AdEx, a leading digital advertising platform, has recently announced the launch of its updated platform in Sofia, Bulgaria. This repositioning aims to cater primarily to Web3 advertisers looking to engage with a wider Web2 audience. The platform has integrated cutting-edge technologies such as Artificial Intelligence (AI) and Zero-Knowledge (ZK) privacy protocols to enhance the overall
Core Scientific Inc, a crypto miner, has caught the attention of BTIG, which has increased its price target for the company to $15 from $10. This upgrade is based on the recent data center contracts secured by Core Scientific and the growth potential observed in the Bitcoin mining sector. The firm’s BTC mining basket, consisting