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CoinDesk reports that during a fireside chat at the Friday Bitcoin Investor Day conference in New York, Cathie Wood, the CEO of Ark Invest, described bitcoin as a 'financial superhighway.' She highlighted its significant utility in emerging markets, such as Nigeria, where the local currency's steep depreciation has driven adoption. Wood views bitcoin as both a risk-off and risk-on asset, emphasizing its role in global macroeconomic environments. Ark Invest, now an issuer of the spot bitcoin exchange-traded fund (ETF) ARKB, focuses on emerging markets. Wood highlighted the global concern sparked by the U.S. Federal Reserve's interest rate hike, underscoring the ETF's success among the ten issued in January. Wood also speculated on bitcoin's potential to surpass $3.5 million in price, citing increased institutional involvement, but refrained from providing a specific target, reiterating her previous $1.5 million prediction. #HotTrends #BNBChain #Bitcoin(BTC) #DOGEUSDT! #BOME
According to PANews, Bakkt, a cryptocurrency exchange, is preparing for a leadership reshuffle next week, with board member Andy Main set to assume the role of President and CEO. The current CEO, Gavin Michael, will step down to explore other opportunities but will remain as an advisor until 2025. This announcement coincides with Bakkt's efforts to bolster its position in the rapidly evolving digital asset market. The company has been making substantial progress in recent years, prioritizing the provision of a secure and regulated platform for trading, storing, and utilizing digital assets. The leadership transition is anticipated to support the company's ongoing growth and ensure its competitiveness within the industry. Andy Main, the incoming President and CEO, brings considerable expertise to the position, having previously served on Bakkt's board of directors. His extensive knowledge of the digital asset realm, coupled with his strong leadership abilities, will be instrumental in guiding the company through future challenges and opportunities. Meanwhile, Gavin Michael's continued involvement as an advisor will facilitate a seamless transition and provide ongoing support for Bakkt's strategic endeavors.
As reported by Cointelegraph, Solana network activity surged past Ethereum's levels over the weekend due to a rush for Solana-based memecoins, leading to challenges in network performance. On March 16, the total trading volume on Solana reached $3.52 billion, surpassing Ethereum's daily volume by more than $1.1 billion, according to DefiLlama data. However, the Solana network faced difficulties in handling the increased activity, with numerous users expressing concerns about failed or missing transactions. Based on Solana Validator data shared by a pseudonymous user named "Dagnum," the network's ping time ranged between 20 and 40 seconds at 8 pm UTC on March 16, causing around 50% of transactions to fail for approximately 20 minutes. The notable spike in Solana network activity was primarily driven by a surge in demand for new memecoins. On March 14, investors began flocking to a newly launched memecoin called Book of Meme (BOME), which skyrocketed from nearly zero to a market capitalization of $1.45 billion in just 56 hours. Another memecoin known as "$NAP" (NAP) also attracted significant attention, experiencing a rapid increase in market capitalization from around $20 million to over $330 million in less than 18 hours. #SolanaTrading #SOL🔥🔥🔥🔥 #BOME #TrendingTopic: #Bitcoin(BTC)
Unlock the potential to earn $30 daily with cryptocurrency! 💖🎊 Here are some avenues to explore: 1. Crypto Staking: - Accessibility: Moderate - Potential Earnings: Moderate - How: Stake your crypto on platforms like Coinbase or KuCoin to earn rewards by supporting the network. 2. Crypto Trading: - Accessibility: Advanced (requires education) - Potential Earnings: High - How: Trade cryptocurrencies on exchanges such as KuCoin or Coinbase. Buy low, sell high, and manage risks effectively. 3. Crypto Lending: - Accessibility: Low - Potential Earnings: Moderate - How: Lend your crypto on platforms like YouHodler or Bybit and earn interest from borrowers. 4. Play-to-Earn: - Accessibility: Low - Potential Earnings: Low - How: Engage in blockchain-based games like Axie Infinity or Decentraland to earn crypto rewards. Remember, the crypto market is volatile, so conduct thorough research and assess your risk tolerance. Diversify your strategies and find what suits you best! 🚀💰 Disclaimer: These strategies involve risk, and outcomes may vary. Only invest what you can afford to lose.
Bitcoin Update (Ongoing) 🔹Bitcoin has once again surged to $70,000, resulting in liquidations exceeding $800 million. 🔹The anticipated support level at $65,500 held firmly, aligning with our expectations. 🔹Typically, after breaking resistance, a minor retest follows suit, which was observed in this instance. 🔹Further updates forthcoming... Stay tuned for more details. #BTC #Bitcoin(BTC) #DOGE #Earn3DollarPerMin
Bitcoin surged to a fresh all-time peak of $74,000 ahead of its fourth halving, scheduled for next month. However, it subsequently dipped to $66,000. 💰 Concurrently, several altcoins like SOL, BNB, AVAX, and TON saw significant double-digit increases, reaching multi-year highs. 📊 Bitcoin's dominance over alternative cryptocurrencies declined to 49.5%, while its market capitalization fell to $1.344 trillion. Key developments of the week included the DenCun update for Ethereum, record inflows into Bitcoin ETFs, and the sale of Coinbase shares by ARK Invest. #DOGE #sol #BTC #SHIB #BNBToTheMoon!
118.4 Million DOGE Sent to Robinhood, Community Makes Wildest Guess
Whale Alert, a well-known cryptocurrency monitoring platform renowned for tracking significant crypto transactions, has disclosed that over a hundred million Dogecoin has been deposited into the popular investment platform Robinhood. The platform, formerly known as Twitter, has been a source of updates on large crypto movements. In the past two days alone, Whale Alert has observed approximately 200 million DOGE transferred to Robinhood. This influx includes two substantial transactions: one amounting to 118,402,438 DOGE valued at $19,752,398, and another of 86,000,000 DOGE worth $14,123,854. The total value of Dogecoin moved to Robinhood surpasses $33.8 million, suggesting an intention to sell these meme coins. Speculation has arisen among users regarding the origin of these transactions. Playfully, some users on X have suggested Elon Musk, a prominent figure known for his support of Dogecoin, as a potential initiator of these transfers. In another development, during his address at the Tesla Giga Event in Berlin, Elon Musk, the CEO of Tesla and owner of X, hinted at the possibility of Tesla accepting DOGE payments for its electric vehicles in the future. Musk emphasized his belief in Dogecoin as "the people’s currency," noting that many Tesla employees advocate for Dogecoin over Bitcoin due to its affordability. This statement led to a notable 17% surge in Dogecoin's price between Wednesday and Thursday. However, the price subsequently dropped by 15%, illustrating the volatility often associated with Musk's endorsement of DOGE.
US dollar drifts lower, market consolidates gains post-inflation data
The dollar experienced a slight decline on Wednesday, following a previous rise driven by higher-than-expected U.S. inflation data. Investors took a moment to consolidate gains ahead of upcoming economic data that could provide insights into the Federal Reserve's potential timing for interest rate cuts this year. During afternoon trading, the dollar index, which gauges the dollar against a basket of currencies, slipped 0.1% to 102.85. Despite recording its largest weekly decline since January recently, the greenback has still seen gains of 1.5% this year. Analysts suggest that the trajectory of the dollar index heavily relies on expectations of Federal Reserve easing. Concerns have emerged in recent weeks that Fed rate cuts might be delayed until 2025 or that inflation could accelerate, leading to potential rate hikes. This uncertainty has revived fears of a scenario where the U.S. economy avoids recession but experiences above-trend growth and inflation, termed as 'no landing' fears. With the U.S. economy consistently surpassing expectations, there's a prevailing bias towards dollar strength, although fluctuations may occur. Markets are concerned about the possibility of persistent inflation. The U.S. consumer price index (CPI) for February exceeded forecasts, indicating some resilience in inflation. Although the 0.4% rise in CPI matched expectations, the year-on-year increase of 3.2% slightly surpassed forecasts of 3.1%, with core figures also outperforming estimates. Despite expectations of no Fed rate cuts before summer, the likelihood of rate cuts in June has only slightly decreased, standing at around 67%. The Fed is anticipated to maintain steady rates at its upcoming meeting. Investors are eagerly awaiting Thursday's U.S. retail sales data, producer prices index (PPI) report, and jobless claims for further insights into the economy's trajectory. Meanwhile, traders are closely monitoring spring wage negotiations in Japan. #crypto #BTC #EarnWithCrypto #market_tips
Bitcoin takes a breather after reaching a new all-time high above $69,000, surpassing its record from 2021.
The OG token briefly surged to $69,200, surpassing its previous record, but soon faced a 6% decline as buyers dwindled. Here are the key points: Bitcoin soared to a new high of $69,200, breaking its 2021 record.The frenzy around spot Bitcoin ETFs contributed to the bullish sentiment.After dropping 80%, Bitcoin recovered to reach a new peak.Despite hitting the milestone, Bitcoin retreated to $63,300 by the end of the session, as buyers hesitated to support the high prices. The rapid ascent has been fueled by investors seeking returns, particularly with the introduction of Bitcoin investment vehicles earlier this year. Since the approval of 11 spot Bitcoin ETFs by US regulators, over $7.5 billion has flooded into these popular investment options. Looking back, Bitcoin's previous peak of $69,000 in November 2021 was followed by a significant 12-month downturn, wiping out 80% of its value and driving prices down to $15,000. Nonetheless, with the current surge, bulls are triumphant once more while skeptics warn of a bubble, showcasing the cyclical nature of market dynamics. #BTC.😉. #CryptoIsYours #TrendingTopic #TrendingTopic!
The prospect of Shiba Inu (SHIB) reaching $0.001 is generating significant interest as both SHIB and Dogecoin fuel a resurgence in meme coin enthusiasm.
During a weekend marked by dynamic shifts in the crypto market, meme coins have taken center stage, with Shiba Inu (SHIB) and Dogecoin (DOGE) stealing the spotlight. These two prominent meme coins experienced significant price surges, prompting enthusiasts and investors to speculate on whether this signals the start of a broader trend. In this piece, we delve into the recent rallies in SHIB and DOGE prices and examine what might lie ahead for these leading meme coins. SHIB and DOGE witnessed remarkable rallies, with Shiba Inu (SHIB) soaring by an impressive 124% over the week, pushing its price to new highs. Currently trading above $0.000021, SHIB's explosive surge has reignited discussions on the possibility of reaching the coveted $0.001 milestone and the factors driving its recent momentum. Meanwhile, Dogecoin (DOGE) experienced a notable 20% surge, bringing its price close to the $0.15 mark. DOGE's resurgence adds another layer to the ongoing narrative surrounding meme coins, especially given its historical association with internet culture and the recent surge in interest from both retail and institutional investors. The surge in SHIB and DOGE prices is part of a broader rally in altcoins, with significant gains observed across various cryptocurrencies. Speculation is mounting about the potential onset of an "altseason," allowing altcoins to make substantial moves, a trend that recent market movements seem to support. Bitcoin, on the other hand, has stabilized around the $62,000 level after a period of impressive performance. Despite a brief setback and subsequent recovery.Bitcoin's dominance in the market has slipped below 50%, indicating a changing landscape. The recent surge in digital assets hints at renewed interest, likely fueled by market sentiment, social media trends, and broader shifts in the crypto ecosystem. #TrendingTopic #crypto #BTC #Write2Eam
###BTC Ripple has rolled out a new version of XRPL, prompting stakeholders to upgrade before March 5. Key points: Ripple's CTO, David Schwartz, has notified XRPL validators and node operators about the blockchain's latest upgrade. Validators and node operators are required to update to the newest version by March 5, 2024. The new XRPL version includes bug fixes, performance enhancements, and crucial amendments. Ripple's XRPL portal, announcing the latest upgrade. The new version includes bug fixes, improvements, and introduces the fixNFTokenReserve and fixInnerObjTemplate amendments. Simultaneously, Ripple informed stakeholders that two new amendments are available for voting, following the XRP Ledger's procedures. These amendments will allow protocol changes after garnering over 80% support from trusted validators for weeks. Ripple mandates all XRPL server operators to adopt the 2.1.0 upgrade by March 5 to avoid network disconnection. However, the project noted that the timing for implementing the protocol changes would hinge on various factors. The Ripple network is introducing two new features, fixNFTokenReserve and fixInnerObjTemplate, to enhance the XRPL. These upgrades aim to improve functionality and address potential issues. Additionally, recent upgrades like XRPL 2.0.0, Web3Auth, XRPL 2.0.1, and Clio version 2.1.0 demonstrate ongoing improvements to the XRPL network in 2024. These advancements showcase Ripple's confidence in the network's future, despite facing non-technological challenges. Many users anticipate a positive outcome from ongoing legal battles, believing it will further strengthen the network for future endeavorsendeavors. #BTC #Write2Eam #RippleUpdate #Portal