Bitcoin news

Bitcoin has broken past a key technical level that's signaling it could surge another 22% to near record highs.

Bitcoin jumped by 3.2% on Monday, to $53,393, representing its highest level since November 2021. The crypto token is up 26% year to date and up 126% over the past year.

While short-term technical indicators suggest there could be a period of consolidation in the days ahead, the uptrend should ultimately continue to its near-term and "final" resistance levels of $56,400 and $64,900.
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Trump: Bitcoin Has Taken on 'a Life of Its Own,' Will Probably Need Some Regulation
The former U.S. president had previously said he was "not a fan" of cryptocurrencies and called central bank digital currencies dangerous, vowing not to allow them if elected

Former U.S. president and Republican front-runner Donald Trump said bitcoin (BTC) has "taken a life of its own" and will probably need some regulation.
Trump was speaking to Fox News during a town hall event in South Carolina on Tuesday ahead of the state's Republican primary. Nikki Haley, the former South Carolina governor, remains the only other contender and has vowed to remain in the race even if she loses the Saturday primary.

Bitcoin has "taken a life of its own," Trump responded to Fox News anchor Laura Inghram's question about whether the next logical step for the U.S. is to embrace bitcoin. "You probably have to do some regulation. But many people are embracing it. More and more I'm seeing people wanting to pay bitcoin. ... I can live with it one way or the other."
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BTC-Spot ETF-Market Sees Net Inflows Slide in the Week

On Friday, BTC declined by 1.09%. Following a 1.11% loss from Thursday, BTC ended the session at $50,763.

Investors reacted to BTC-spot ETF market flow data for the Thursday and Friday sessions. The BTC-spot ETF market recovered from net outflows on Wednesday (February 2). On Thursday, the BTC-spot ETF market saw net inflows of $251.4 million.

Significantly, Fidelity Wise Origin Bitcoin Fund (FBTC) ranked number one by net inflows, overtaking iShares Bitcoin Trust (IBIT). FBTC last outmuscled IBIT on February 7. Nonetheless, IBIT and FBTC continue to corner the US BTC-spot ETF market, accounting for 81% of total net inflows.
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SOLANA NEWS

Despite a strong pullback this week, Solana continues declining as its price edges toward $100. Currently, SOL is down 3.51% today, trading at $102.

However, other project’s are seeing success, with the Bitcoin Minetrix presale raising over $11.3 million.

Solana’s pullback has seen significant sell pressure this week, with its price down 8.37%, wiping over $4 billion from its market cap.

Meanwhile, altcoins like Ethereum and BNB have shown strength, illustrating a rotating interest from Solana to other cryptos.

The Solana price chart shows a rejection from the top of its current trading range, followed by a break below the mid-range. The current daily candle is rejecting the level, forming a retest that will flip the support to resistance.

Another bearish signal is that Solana’s trading volume has steadily fallen since November, displaying traders’ fading interest in the asset.

This indicates a slowing momentum, signifying a move toward the $80 range low could be on the horizon.
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 BNB price momentum has been bullish recently, with Feb. 22 marking another milestone. The cryptocurrency soared to $387, its highest value since November 2022, showcasing a remarkable 9% increase in the last 24 hours.

BNB's price rise in the last 24 hours coincides with Bitcoin's 2.5% drop versus the U.S. dollar.This divergence is particularly pronounced in the BNB/BTC trading pair, which has seen an increase of over 11%, highlighting a significant shift in market dynamics between these top-ranking cryptocurrencies. Simply put, traders are potentially rotating out of the Bitcoin market to seek safety in BNB. That is further visible in BNB’s market dominance, which has jumped from 2.74% to 2.99% in the last 24 hours.
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Ripple price eyes $0.5000
Ripple (XRP) price has recorded a series of lower highs and lower lows over the past four days after a rejection from the upper boundary of the descending parallel channel. After crossing below the signal line, the RSI is below 50, showing the market is leaning to the downside. The red histogram bars of the AO accentuate this and add credence to the bearish thesis. In a dire case, Ripple price could roll over to the $0.4734 support floor

On the other hand, enhanced buyer momentum could send Ripple price above resistance stemming from the upper boundary of the channel, with a decisive candlestick close above it setting the pace for an extension to $0.6000. Such a move would constitute a 12% climb above current levels.
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Ethereum price repels $3,000
After a rejection from the $3,000 psychological level, Ethereum price is trading within the ascending parallel channel. However, it risks an extended fall following the execution of a selling signal on the RSI. With the weekend setting in, low trading volumes and the resultant volatility could see ETH retest the $2,874 support. In a dire case, the slump could send the Proof-of-Stake (PoS) token to the $2,770 support confluence between the horizontal line and the midline of the channel

However, with the bulls still maintaining a presence in the BTC market, seen with the large volumes of green histogram bars of the AO, Ethereum price could overcome the $3,000 milestone, or in a highly bullish case, clear the range high of $3,036 to tag the $3,200 milestone.
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#Bitcoin (BTC) price is leading markets into weekend mode where trading volumes are low and, therefore, the price becomes susceptible to volatility. With altcoins awaiting the BTC cue, Ethereum (ETH) and Ripple (XRP) prices appear to have taken a hint.

Bitcoin may have just chosen a directional bias

Bitcoin (BTC) price has recorded a steady series of lower highs and lower lows over the past four days, suggesting a clear directional bias. However, this is subject for confirmation considering that the $50,638 support level continues to hold. A break and close below it would confirm the continuation of the downtrend, likely sending BTC to $50,000.

The Relative Strength Index (RSI) has already executed a selling signal by crossing below the signal line (yellow band). This is reinforced by the histogram bars of the Awesome Oscillator (AO), which are steadily edging toward the midline.

In addition, based on the Mean Reversion Channel (MRC) indicator principle that holds that price tends to return to its average over time, the market is leaning to the downside.

On the flip side, if buyer momentum increases, Bitcoin price could push north, escaping the market range above $52,829. In a highly bullish case, BTC could shatter the range high at $52,985 before confronting the $53,000 psychological level. A decisive candlestick close above this level would clear the path for an extended move north.
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What is the advantage of a Bitcoin ETF?

Advantages of Crypto ETFs

Diversification: Crypto is a unique asset class, so adding crypto to a portfolio offers diversification. Crypto ETFs also make gaining exposure to several cryptocurrencies easier than a single type of crypto, enabling you to diversify within the crypto world.

Bitcoin exchange-traded funds (ETFs) have emerged as a game-changer in the world of cryptocurrency investment. These ETFs function similarly to traditional stock ETFs, allowing investors to gain exposure to Bitcoin without directly owning the cryptocurrency.

One of the primary advantages of Bitcoin ETFs is accessibility. Unlike purchasing Bitcoin directly through a cryptocurrency exchange, which can be complex and daunting for some investors, ETFs provide a familiar investment vehicle. They can be bought and sold through traditional brokerage accounts, making Bitcoin investment more mainstream and appealing to a broader range of investors.

Furthermore, Bitcoin ETFs offer diversification benefits. Instead of putting all their eggs in one basket by investing solely in Bitcoin, investors can spread their risk across a portfolio of assets within the ETF. This can help mitigate some of the volatility associated with cryptocurrencies and provide a more stable investment experience.

Regulatory approval has been a significant milestone for Bitcoin ETFs. As more regulatory bodies around the world recognize and approve these investment products, it lends credibility to the cryptocurrency market and encourages more institutional investors to participate.

Overall, Bitcoin ETFs represent a significant step towards the wider adoption of cryptocurrencies in traditional finance. With their accessibility, diversification benefits, and regulatory approval, they are poised to play a crucial role in shaping the future of digital asset investment.
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Cryptocurrency Price Today: Bitcoin Rises Above $52,000 As Halving Event Approaches

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, climbed above the $52,000 mark early Thursday as the much-awaited BTC Halving event approaches closer, set to take place on April 18. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board. The Stack (STX) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 28 percent. PYTH, which was the biggest gainer yesterday, became the biggest loser, with a 24-hour dip of over 2 percent

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Introducing Pixels (Pixel) on Binance Launchpool!

Binance has announced the 46th project on Binance Launchpool – Pixels (PIXEL), a social web3 game built on the Ronin Network. 

Users will be able to stake their BNB and FDUSD into separate pools to farm PIXEL tokens over ten days, with farming starting from February 09. 

PIXEL Launchpool Details:

Token Name: Pixels (PIXEL)

Max Token Supply: 5,000,000,000 PIXEL 

Launchpool Token Rewards: 350,000,000 PIXEL (7% of max token supply)

Initial Circulating Supply: 771,041,667 PIXEL (15.42% of max token supply)

Smart Contract Details: Ethereum, Ronin

Staking Terms: KYC required 

Hourly Hard Cap per User: 

116,666.66 PIXEL in BNB pool

29,166.66 PIXEL in FDUSD pool

#Write2Earn Feb 14 - The total value invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange-traded funds continued to support cryptocurrency prices.

Bitcoin's price reached as high as $52,079 on Wednesday, its latest 25-month high. It was last up 4.29% at $51,690, taking the token's market cap to $1.013 trillion according to price platform Coingecko

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Binance Succes Story - How Did Binance Become the World's First Crypto Exchange?

One of the most popular cryptocurrency exchanges, which, by the way, is the 376th most visited website in the world, has reached all this success in just six months.

Binance was launched through an ICO in July 2017, which reportedly raised about $15 million and the vast majority of its early users were from China. That's why China's ban of cryptocurrency exchanges, which happened in September, heavily influenced the exchange forcing it to lose many users. 

Despite this setback and a fierce competition with other crypto exchanges that had been operating for a longer time Binance has managed to become the world's largest crypto exchange. At the moment of publishing this article, Binance trading volume is $4.4 billion. Binance CEO Zhao Changpeng recently said that the exchange registered "a couple million" new users a week.

On January 10, Binance briefly reopened user registrations after a short-term disabling of this feature due to the surge of popularity and for the purpose of upgrading its infrastructure. As a result, more than 240 thousand of new users registered at the exchange in 1 hour.

How did Binance manage to achieve all this?

Binance has an aggressive referral program, which pays a 20 percent commission. One user managed to get more than 76 BTC using this program. 

The exchange has its own cryptocurrency called Binance (BNB). Holders of these tokens receive 50% discount on transaction fees. In addition, since the price of BNB is mostly driven not by major cryptocurrencies rates, but by the popularity of the exchange itself, Binance token might be an excellent choice for a long-term investment.

And last but not least. Binance earns a lot of users demand because it comprehensively supports altcoins created via hardforks of Bitcoin blockchain. In fact, Binance supports 99% of Bitcoin and Ethereum forks. 

#Write2Earn Bitcoin halving is when the reward for Bitcoin mining is cut in half. Halving takes place every four years. The halving policy was written into Bitcoin's mining algorithm to counteract inflation by maintaining scarcity.
The Bitcoin halving is considered a good economic model as it creates disinflationary pressure on the digital currency, helping it to increase in value over time (provided demand for Bitcoin continues to grow).If bitcoin experiences that same rate of appreciation in its average annual returns, it will reach $98,700 in January 2025 and hit $100,000 in February of that same year. Some experts believe bitcoin could increase in value even more quickly.

#Write2Earn do you love solana?
One of the most exciting features of Solana is its speed and scalability. It is one of the few protocols that boast over 1000 TPS because of its genuine web-scale blockchain features.

Facts About Solana (SOL)

01The Fastest Blockchain in the World.

02Proof-of-History (PoH) Consensus.

03Low Transaction Fees.

04Smart Contracts Compatible.

05Support for Decentralized Finance (DeFi) Applications.

06Eco-Friendly Proof-of-Stake (PoS) Consensus.

07Strong Community Support.