From TechDev’s observation, the anticipated top of the upcoming cycle will happen before the Bitcoin halving event. An event that is expected to occur between April and May 2024. If that becomes the case, it will represent a slight departure from how the price cycle played out over the years. In the past, despite increased volatility ahead of the halving event, the price cycle terminated after the halving proper, not before it.

According to one of the responders, most investors could expect Bitcoin to exhaust its upward momentum at $96,000, but the price will continue climbing until $160,000. Then, only a part of the community holding through would benefit from the price rally.

Several other respondents expressed their excitement over TechDev’s Bitcoin analysis. Some added their opinions to support the analyst’s observation, anticipating the Bitcoin price to rally soon.

In a world where security is a top priority, Saylor urged people to seek the most secure network or resource on Earth. He stated that this resource is not gold or anything that can be created now, but rather Bitcoin.

According to MicroStrategy’s founder, Bitcoin is the ultimate conservative thing, emphasizing its safety and security. Saylor expressed his concerns about the current global realm, where trusting data and networks is increasingly difficult. When discussing Bitcoin’s safety, he highlighted its resistance to being spoofed, hacked, or tricked, with no possible way to cut through it. Furthermore, Saylor emphasized that Satoshi, the creator of Bitcoin, designed the safest database and the most secure network.

MicroStrategy founder Michael Saylor addresses Bitcoin’s superiority at the Bitcoin Conference 2023 held in Miami. Saylor sat down with investor Bill Miller to talk about various things, including the growing interest in Bitcoin and Lightning apps.

With its halving event 80 days away, Litecoin (LTC) has recently seen a notable increase in network activity as investors and traders attempt to position themselves for the potential rally that will follow the event.

In a tweet earlier today, the crypto trader and analyst Ali shared that the LTC network saw its largest spike in active addresses over the past few days.

Santiment also highlighted several positive shifts in on-chain metrics for LTC in their latest insights report.

Solana has faced a few challenges blamed for its abysmal performance. Some of the blockchain’s drawbacks result from the outages and challenges validators face. However, developers are working toward resolving the issues that have recently plagued the blockchain. They have taken a step by sharing an update for mainnet beta validators, requesting them to upgrade to the newly released Mainnet-v1.14.17 version.

At the current price, SOL is hovering around crucial support, which has held on for the past three weeks. Breaking through this support could see SOL’s price drop lower to $18.76. If that price breaks below that level, we could see SOL drop even lower toward $16.01, a support level it established on March 10, 2023.

The collaboration will provide companies the ability to accept and pay bills with USDT (USDT), as well as pay a percentage of employee salaries with the stablecoin. The Central Market supplies over 12 million people per month and is home to over 500 wholesale companies, according to the city of Buenos Aires. It also employs over 2,000 people.

Argentinians can now purchase dairy produce with the USDT stablecoin at the Central Market of Buenos Aires — one of the largest movers of fruits and vegetables in Latin America. The move was enabled by a partnership between the stablecoin issuer Tether and on-/off-ramp platform KriptonMarket.

In addition to weakening against the Dollar, SUI’s price also dropped against the market leaders Bitcoin (BTC) and Ethereum (ETH). As a result, it was down 1.35% against BTC and 1.65% against ETH. Furthermore, the crypto was trading very close to its daily low of $1.11.
#BTC

At press time, the altcoin’s price stood at $1.12 following a 1.35% drop in the past 24 hours.

Sui (SUI) was one of the many cryptos in the red today according to the crypto market tracking website, CoinMarketCap.
#cryptotrading

There were two draft bills under consideration by the subcommittee. The Republican bill was published in April ahead of a hearing on stablecoins in the Financial Services Committee. Ranking member Maxine Waters (NYSE:WAT) later introduced a competing draft based on a bill that was introduced but not passed in the last session of Congress.

State versus federal regulation was a key issue in the hearing on stablecoins in the United States House of Representatives on May 18. The House Committee on Financial Services’ new Subcommittee on Digital Assets, Financial Technology and Inclusion heard testimony from five experts as it considered two proposed bills to regulate stablecoins.

Ethereum currently has ten times more transaction volume than the second blockchain (Tron), with nearly 70% of the market.
#Ethereum

Crypto CrimeTrends and Statistics
Hacks on Ethereum (or dApps built on Ethereum) are rampant because of its smart contract capabilities and wide-scale dApp usage. Last year, the Ethereum-based Ronin network was hacked for $625 million.
#Ethereum

A wallet with the address “0x73AF” transferred 20 trillion SHIB tokens.