JohnCrypto
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Top cryptocurrencies to watch this week: MOVR, SOL, OP
The cryptocurrency industry added $100 billion to the global market capitalization this week, with notable contributions from top performers Moonriver (MOVR), Solana (SOL) and Optimism (OP).Moonriver spikes 170% in a dayMoonriver traded at the mercy of the bears at the early stages of the week, but decoupled and made its fortunes as the week progressed.The token started the week at a value of $6.6141, and continued to consolidate between $6.1253 and $6.8328.MOVR price – Dec. 24 | Source: CoinGec
Solana Nears $100 as Meme Coin Frenzy Continues to Drive Rally
Value locked on Solana applications grew in tandem, rising to $1.3 billion worth of tokens from the $400 million mark in November to reach levels previously seen in July 2022.Solana’s SOL neared $100 early Friday as ongoing hype for the blockchain’s speedy transactions, cheap fees and a lottery of meme coin issuances extended into its third week.Metrics show Solana has possibly been the strongest draw among on-chain traders, with trading volumes and network fees crossing those of Ethereum – whic
DeFi’s Total Value Locked Surpasses Many Countries’ GDP as Uniswap Leads the Way
The total value locked (TVL) in DeFi is increasing day by day. When examining DeFis with more than $52 billion invested, it is seen that the GDP of many countries around the world has been surpassed.As we approach the year 2024, three decentralized exchange protocols stand out among their competitors. According to data from DefiLlama dated December 21, Uniswap (UNI), PancakeSwap (CAKE), and Orca (ORCA) are noteworthy.Uniswap (UNI) At the Top of the ListUniswap is perhaps leading the decentralize
BlackRock’s Bitcoin ETF: The Ticker Revealed in SEC Filing
BlackRock, a global financial leader, has made a significant move into the cryptocurrency market with an amended proposal for a spot bitcoin exchange-traded fund (ETF), named IBIT, according to a recent S-1 filing with the Securities and Exchange Commission.The filing provides detailed insights into the creation and redemption process, a crucial aspect of BlackRock’s ongoing discussions with the SEC. The proposal leans towards a “cash redemption model,” but retains the flexibility for an “in-kin
10KM Down, 32KM to Go in Crypto Bull Run, Says Venture Capitalist
Amidst the ongoing speculation surrounding the surging prices of major cryptocurrencies and altcoins, Ran Nuener, a prominent venture capitalist, urges his large online audience to adopt a more measured approach. He suggests to view the situation as a marathon rather than a sprint.“The winners are those that win at the end. Those that run too fast at the start will get REKT!” Neuner stated.Investors Should Approach Crypto Bull Run with CautionIn a recent X (formerly Twitter) post, Neuner advised
Bitcoin (BTC) Transaction Fees Soar Above $37: What’s Going On?
Transaction fees on the Bitcoin network have risen above $37. According to data from Mempool, the current minimum transaction fee exceeds 600 sat/vB, or approximately $37. This increase in transaction fees resulted in more than 347,000 transactions being disapproved.Chart containing the last 6 months of data on BTC network transaction fees.Moreover, mempool usage not only exceeded 300 MB, it reached a staggering 1.41 GB. Ordinals tokens, which were the cause of the congestion, paid 235.8 BTC in
BONK Price Notes Monthly Surge Of 750% Outshining DOGE & SHIB
The BONK crypto has gained notable traction with a 750% monthly surge, surpassing other top meme coins like DOGE & SHIB.$BONK , a cryptocurrency functioning atop the Solana ecosystem, garnered noteworthy attention within the broader crypto market on Saturday following a substantial drop in its price trajectory. The token that was initially fashioned as a meme coin surged phenomenally over the past few days, amassing bullish sentiments among market traders and investors globally. However, the cur
BRC-20 Tokens: A Week of Remarkable Gains
In a week marked by notable gains, BRC-20 tokens, particularly RATS, SATS, and ORDI, emerged as the best performing tokens, providing significant returns to their holders. Binance, a leading cryptocurrency exchange, played a significant role in these increases by introducing the 1000RATS Perpetual Contract and facilitating spot trading for $1000SATS .BRC-20 Tokens on the RiseThe BRC-20 token standard, designed specifically for the Bitcoin Blockchain, has gained popularity in the Bitcoin ecosyste
Bitcoin, Ether Drop Spurs $500M in Liquidations
Monday’s trading session saw crypto futures traders lose over $500 million in liquidations positions as steep volatility impacted highly leveraged longs and shorts, with some majors dropping as much as 12%.
Bitcoin $BTC whipsawed from $43,000 to as low as $40,300, data shows, leading drops across major tokens such as Chainlink $LINK , Cardano’s $ADA and Solana’s (SOL), which dropped over 8% before slightly recovering.
Generally riskier bets shiba inu (SHIB) and dogecoin (DOGE), two dog-themed meme tokens, fared slightly better with a 5% drop. Meanwhile, BNB Chain’s BNB, Avalanche’s AVAX, and Celestia’s TIA showed strength with gains of as much as 20% – unaffected by weakness in bitcoin.
Nearly $475 million in longs, or bets on higher prices, and $73 million in shorts, or bets against, booked losses amid a general unwinding of leveraged bets as high funding rates set the stage for a shaky market environment.
Data shows that most liquidations took place on OKX at $190 million, followed by Binance at $148 million and Huobi at nearly $60 million.
The largest single liquidation order happened on Bitmex, a chainlink (LINK) futures position that was worth over $33 million.
#BTC #ETH #crypto
Monday’s trading session saw crypto futures traders lose over $500 million in liquidations positions as steep volatility impacted highly leveraged longs and shorts, with some majors dropping as much as 12%.
Bitcoin $BTC whipsawed from $43,000 to as low as $40,300, data shows, leading drops across major tokens such as Chainlink $LINK , Cardano’s $ADA and Solana’s (SOL), which dropped over 8% before slightly recovering.
Generally riskier bets shiba inu (SHIB) and dogecoin (DOGE), two dog-themed meme tokens, fared slightly better with a 5% drop. Meanwhile, BNB Chain’s BNB, Avalanche’s AVAX, and Celestia’s TIA showed strength with gains of as much as 20% – unaffected by weakness in bitcoin.
Nearly $475 million in longs, or bets on higher prices, and $73 million in shorts, or bets against, booked losses amid a general unwinding of leveraged bets as high funding rates set the stage for a shaky market environment.
Data shows that most liquidations took place on OKX at $190 million, followed by Binance at $148 million and Huobi at nearly $60 million.
The largest single liquidation order happened on Bitmex, a chainlink (LINK) futures position that was worth over $33 million.
#BTC #ETH #crypto
This Bitcoin Ordinals Inscription Was Sold for the Highest Price Ever
The Bitcoin community has just witnessed the largest Ordinals inscription sale of all time amid the resurgence of digital artifacts on the largest blockchain network.
According to a tweet by Solana-based non-fungible token (NFT) marketplace Magic Eden, Ordinals inscription #8 from the Honey Badgers has been sold for 10.4 bitcoins $BTC worth approximately $450,000.
#BTC #NFT #Ordinals
The Bitcoin community has just witnessed the largest Ordinals inscription sale of all time amid the resurgence of digital artifacts on the largest blockchain network.
According to a tweet by Solana-based non-fungible token (NFT) marketplace Magic Eden, Ordinals inscription #8 from the Honey Badgers has been sold for 10.4 bitcoins $BTC worth approximately $450,000.
#BTC #NFT #Ordinals
Crypto asset funds see biggest weekly inflows since last July
Digital-asset investment products such as Bitcoin futures exchange-traded funds have seen the largest single week of inflows since July of last year.
The funds raked in about $326 million with expectations rising that the US Securities and Exchange Commission is poised to approve a spot-based Bitcoin ETF, according to a report by crypto asset manager CoinShares on Monday. The optimism is also helping to boost demand for so-called altcoins, with Solana $SOL -related products seeing $24 million in inflows. Ether $ETH , the second largest cryptocurrency after Bitcoin $BTC , saw $6 million in outflows.
Forecasts for the approval of a spot Bitcoin ETF have been increasing since the SEC declined to appeal an August court ruling that threw out its rejection of a plan by Grayscale to convert its Bitcoin trust to an ETF. Bitcoin is trading at levels that have not been seen since the crypto market meltdown last May.
However, investors are showing restraint despite the prospect of a spot Bitcoin ETF approval. “While positive for Bitcoin, this weekly inflow only ranks the 21st largest on record, suggesting continued restraint among investors,” the report said.
The largest inflows were from Canada, Germany and Switzerland. The US accounted for 12% of the inflows. Overall, the total amount of assets under management are $37.8 billion, the highest since May 2022, the report said.
#BTC🔥🔥 #etf #BTC
Digital-asset investment products such as Bitcoin futures exchange-traded funds have seen the largest single week of inflows since July of last year.
The funds raked in about $326 million with expectations rising that the US Securities and Exchange Commission is poised to approve a spot-based Bitcoin ETF, according to a report by crypto asset manager CoinShares on Monday. The optimism is also helping to boost demand for so-called altcoins, with Solana $SOL -related products seeing $24 million in inflows. Ether $ETH , the second largest cryptocurrency after Bitcoin $BTC , saw $6 million in outflows.
Forecasts for the approval of a spot Bitcoin ETF have been increasing since the SEC declined to appeal an August court ruling that threw out its rejection of a plan by Grayscale to convert its Bitcoin trust to an ETF. Bitcoin is trading at levels that have not been seen since the crypto market meltdown last May.
However, investors are showing restraint despite the prospect of a spot Bitcoin ETF approval. “While positive for Bitcoin, this weekly inflow only ranks the 21st largest on record, suggesting continued restraint among investors,” the report said.
The largest inflows were from Canada, Germany and Switzerland. The US accounted for 12% of the inflows. Overall, the total amount of assets under management are $37.8 billion, the highest since May 2022, the report said.
#BTC🔥🔥 #etf #BTC
Bitcoin Mining Stocks Soar 10% as BTC Hovers Near 17-Month High at $35K
Bitcoin mining stocks soared on Thursday as bitcoin $BTC itself traded around its 17-month high.
U.S.-listed mining companies such as Marathon Digital (MARA), Riot Platforms (RIOT) and CleanSpark (CLSK) rallied 10%-12% during the day amid a wider surge in equities. The Dow Jones Industrial Average notched its best day since June.
#BTC🔥🔥 #MiningCompanies #BTC
Bitcoin mining stocks soared on Thursday as bitcoin $BTC itself traded around its 17-month high.
U.S.-listed mining companies such as Marathon Digital (MARA), Riot Platforms (RIOT) and CleanSpark (CLSK) rallied 10%-12% during the day amid a wider surge in equities. The Dow Jones Industrial Average notched its best day since June.
#BTC🔥🔥 #MiningCompanies #BTC
Bitcoin's 'Triangular Consolidation' Is Bullish: Technical Analysis
Bitcoin $BTC appears to be consolidating into a triangular pattern, offering a positive outlook for the weeks ahead.
The leading cryptocurrency by market value has carved out higher lows and lower highs between $33,000 and $35,0000 in the past seven days, forming a triangle on the bitcoin price chart.
Analysts and traders study price patterns to gauge momentum strength and forecast changes in market trends. Triangles tend to be continuation patterns, representing a pause that refreshes the preceding trend, which is bullish in BTC's case. The leading cryptocurrency rallied from $26,500 to $35,000 before starting its triangular behavior.
"Bitcoin is forming a triangle on the daily chart. It is generally believed that such consolidation formations end with an upward breakout," Alex Kuptsikevich, a senior market analyst at FxPro, said in an email.
According to Kuptsikevich, a move above $35,000 would confirm a bullish triangle breakout, signaling a continuation of the rally from $26,500.
#BTC #BTC🔥🔥
Bitcoin $BTC appears to be consolidating into a triangular pattern, offering a positive outlook for the weeks ahead.
The leading cryptocurrency by market value has carved out higher lows and lower highs between $33,000 and $35,0000 in the past seven days, forming a triangle on the bitcoin price chart.
Analysts and traders study price patterns to gauge momentum strength and forecast changes in market trends. Triangles tend to be continuation patterns, representing a pause that refreshes the preceding trend, which is bullish in BTC's case. The leading cryptocurrency rallied from $26,500 to $35,000 before starting its triangular behavior.
"Bitcoin is forming a triangle on the daily chart. It is generally believed that such consolidation formations end with an upward breakout," Alex Kuptsikevich, a senior market analyst at FxPro, said in an email.
According to Kuptsikevich, a move above $35,000 would confirm a bullish triangle breakout, signaling a continuation of the rally from $26,500.
#BTC #BTC🔥🔥
15 Facts About the Bitcoin White Paper On Its 15th Birthday
1. The Bitcoin white paper was published on October 31, 2008, under the pseudonym Satoshi Nakamoto.
2. The paper is titled "Bitcoin: A Peer-to-Peer Electronic Cash System" and is just nine pages long.
3. The paper describes Bitcoin as a "completely decentralized electronic cash system without the need for a trusted third party."
4. Bitcoin uses a distributed ledger called a blockchain to record all transactions.
5. The blockchain is secured by cryptography and is very difficult to tamper with.
6. Bitcoin is a scarce asset, with only 21 million bitcoins that will ever be mined.
7. Bitcoin can be used to send and receive payments to anyone in the world, without the need for a bank or other financial institution.
8. Bitcoin transactions are irreversible, which means that once a transaction is confirmed, it cannot be cancelled.
9. Bitcoin is a permissionless network, meaning that anyone can participate without having to ask permission from anyone else.
10. Bitcoin is a global network, with users from all over the world.
11. The Bitcoin white paper has been cited over 100,000 times in academic papers and other publications.
12. The Bitcoin white paper is considered to be one of the most important documents in the history of computer science and finance.
13. Bitcoin has been praised for its potential to revolutionize the financial system and make it more inclusive and accessible to everyone.
14. Bitcoin has also been criticized for its high volatility, energy consumption, and use in criminal activities.
15. Despite the criticisms, Bitcoin has continued to grow in popularity and value over the past 15 years.
Bonus Fact: The Bitcoin white paper has been translated into over 20 languages.
Happy 15th Birthday, Bitcoin White Paper!
#BTC #bitcoin #bitcoinwhitepaperday
1. The Bitcoin white paper was published on October 31, 2008, under the pseudonym Satoshi Nakamoto.
2. The paper is titled "Bitcoin: A Peer-to-Peer Electronic Cash System" and is just nine pages long.
3. The paper describes Bitcoin as a "completely decentralized electronic cash system without the need for a trusted third party."
4. Bitcoin uses a distributed ledger called a blockchain to record all transactions.
5. The blockchain is secured by cryptography and is very difficult to tamper with.
6. Bitcoin is a scarce asset, with only 21 million bitcoins that will ever be mined.
7. Bitcoin can be used to send and receive payments to anyone in the world, without the need for a bank or other financial institution.
8. Bitcoin transactions are irreversible, which means that once a transaction is confirmed, it cannot be cancelled.
9. Bitcoin is a permissionless network, meaning that anyone can participate without having to ask permission from anyone else.
10. Bitcoin is a global network, with users from all over the world.
11. The Bitcoin white paper has been cited over 100,000 times in academic papers and other publications.
12. The Bitcoin white paper is considered to be one of the most important documents in the history of computer science and finance.
13. Bitcoin has been praised for its potential to revolutionize the financial system and make it more inclusive and accessible to everyone.
14. Bitcoin has also been criticized for its high volatility, energy consumption, and use in criminal activities.
15. Despite the criticisms, Bitcoin has continued to grow in popularity and value over the past 15 years.
Bonus Fact: The Bitcoin white paper has been translated into over 20 languages.
Happy 15th Birthday, Bitcoin White Paper!
#BTC #bitcoin #bitcoinwhitepaperday
Brazil's USDT adoption soars in 2023, makes up 80% of all crypto transactions.
Tether's USDT stablecoin is gaining popularity in Brazil, with over 80% of all crypto transactions in the country now involving USDT.
As of mid-October, $USDT transactions in Brazil this year amounted to $271 billion Brazilian reais (~$55 billion), almost double the volume of Bitcoin $BTC transactions in the country, which were $151 billion reais (~$30 billion).
#USDT #stablecoin #BTC
Tether's USDT stablecoin is gaining popularity in Brazil, with over 80% of all crypto transactions in the country now involving USDT.
As of mid-October, $USDT transactions in Brazil this year amounted to $271 billion Brazilian reais (~$55 billion), almost double the volume of Bitcoin $BTC transactions in the country, which were $151 billion reais (~$30 billion).
#USDT #stablecoin #BTC
List of those looking for Bitcoin ETF
- BlackRock: $9 trillion
- Fidelity: $4.24 trillion
- JPMorgan: $3.3 trillion
- Morgan Stanley: $3.1 trillion
- Goldman Sachs: $2.67 trillion
- BNY Mellon: $1.91 trillion
- Invesco: $1.48 trillion
- Bank of America: $1.46 trillion
If this people are buying Bitcoin $BTC and preparing for BULL RUN, why are you still hesitant of getting into it?
Trillions of dollars will flow into the market for the upcoming years.
#BTC #bitcoin #etf
- BlackRock: $9 trillion
- Fidelity: $4.24 trillion
- JPMorgan: $3.3 trillion
- Morgan Stanley: $3.1 trillion
- Goldman Sachs: $2.67 trillion
- BNY Mellon: $1.91 trillion
- Invesco: $1.48 trillion
- Bank of America: $1.46 trillion
If this people are buying Bitcoin $BTC and preparing for BULL RUN, why are you still hesitant of getting into it?
Trillions of dollars will flow into the market for the upcoming years.
#BTC #bitcoin #etf
VanEck predicts a 10,600% Solana price rally by 2030
Layer-1 blockchain and Ethereum competitor Solana has seen its native SOL token surge above $33 this week, as asset management company VanEck anticipates further price gains and shares its price forecast.
In a report, VanEck outlined diverse valuation scenarios for Solana’s $SOL price to range from a conservative $9.81 to an ambitious $3,211.28 by 2030 (in comparison, Ethereum’s target price is $11,800).
This would mark a 10,600% price surge for Solana in the coming years. The report also delves into a potential scenario where Solana becomes the first blockchain to accommodate applications with over 100 million users.
Furthermore, the report illustrates Solana’s potential to narrow the distance between itself and Ethereum in the future. VanEck has been engaged in the cryptocurrency arena for a while, having submitted Bitcoin exchange-traded fund applications to the United States Securities and Exchange Commission in recent years.
#solana #SOL #L1
Layer-1 blockchain and Ethereum competitor Solana has seen its native SOL token surge above $33 this week, as asset management company VanEck anticipates further price gains and shares its price forecast.
In a report, VanEck outlined diverse valuation scenarios for Solana’s $SOL price to range from a conservative $9.81 to an ambitious $3,211.28 by 2030 (in comparison, Ethereum’s target price is $11,800).
This would mark a 10,600% price surge for Solana in the coming years. The report also delves into a potential scenario where Solana becomes the first blockchain to accommodate applications with over 100 million users.
Furthermore, the report illustrates Solana’s potential to narrow the distance between itself and Ethereum in the future. VanEck has been engaged in the cryptocurrency arena for a while, having submitted Bitcoin exchange-traded fund applications to the United States Securities and Exchange Commission in recent years.
#solana #SOL #L1
‘Buy Bitcoin’ search queries on Google surge 826% in the UK
Google searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week.
According to research from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in the U.K. over the course of the seven days.
“The remarkable surge in 'buy Bitcoin' searches in the UK, combined with the cryptocurrency's resurgence, underscores the growing interest and potential impact of traditional financial institutions' involvement in the world of digital assets,” said a spokesperson from Cryptogambling.tv.
While users in the U.K. led the pack, there was also a noticeable increase in searches relating to purchasing Bitcoin from web users across the globe.
According to data from Google Trends, searches from users in the United States for “should I buy Bitcoin now?” increased by more than 250% while more niche searches including “can I buy Bitcoin on Fidelity?” increased by over 3,100% in the last week.
Zooming out further, the search term “Is it a good time to buy Bitcoin?” saw a 110% gain worldwide over the last week. In comparison “BlackRock Bitcoin ETF” grew 250%, demonstrating broader enthusiasm for information relating to BlackRock’s spot Bitcoin exchange-traded fund (ETF), which is currently pending approval.
The sudden uptick in interest comes amid a drastic increase in the price of Bitcoin over the past fortnight, with Bitcoin briefly surpassing a value of $35,000 on Oct. 24, the first time since May 2022.
The excitement appears closely linked to the approval of a spot Bitcoin ETF, which many pundits believe will unleash a fresh wave of buying from institutions.
Senior ETF analysts Eric Balchunas and James Seyffart have pinned the probability of an approval at 90% by Jan. 10 next year
#bitcoin #BTC #etf $BTC
Google searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week.
According to research from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in the U.K. over the course of the seven days.
“The remarkable surge in 'buy Bitcoin' searches in the UK, combined with the cryptocurrency's resurgence, underscores the growing interest and potential impact of traditional financial institutions' involvement in the world of digital assets,” said a spokesperson from Cryptogambling.tv.
While users in the U.K. led the pack, there was also a noticeable increase in searches relating to purchasing Bitcoin from web users across the globe.
According to data from Google Trends, searches from users in the United States for “should I buy Bitcoin now?” increased by more than 250% while more niche searches including “can I buy Bitcoin on Fidelity?” increased by over 3,100% in the last week.
Zooming out further, the search term “Is it a good time to buy Bitcoin?” saw a 110% gain worldwide over the last week. In comparison “BlackRock Bitcoin ETF” grew 250%, demonstrating broader enthusiasm for information relating to BlackRock’s spot Bitcoin exchange-traded fund (ETF), which is currently pending approval.
The sudden uptick in interest comes amid a drastic increase in the price of Bitcoin over the past fortnight, with Bitcoin briefly surpassing a value of $35,000 on Oct. 24, the first time since May 2022.
The excitement appears closely linked to the approval of a spot Bitcoin ETF, which many pundits believe will unleash a fresh wave of buying from institutions.
Senior ETF analysts Eric Balchunas and James Seyffart have pinned the probability of an approval at 90% by Jan. 10 next year
#bitcoin #BTC #etf $BTC