Bitcoin News Today TheBitTimes.com

An analyst who became popular after accurately calling the 2022 crypto meltdown believes Bitcoin (BTC) and altcoins are gearing up for bullish continuation. Pseudonymous analyst Capo tells his 102,828 subscribers on the instant messaging platform Telegram that a small pullback is in sight for BTC. According to Capo, the minor retracement would set the stage for BTC to rally above $70,000. “Major resistance level also for Bitcoin. A pullback to the $64,000-$65,000 level would be healthy before bullish continuation.”  Source: Capo/Telegram At time of writing, Bitcoin is trading for $64,370, down over 2% in the past 24 hours. Looking at the altcoin market, Capo says he’s closely following the OTHERS chart, which tracks the market cap of all crypto excluding the top 10 digital assets and stablecoins. The trader sees OTHERS pulling back to $220 billion before taking out its immediate resistance at $240 billion. “After giving the first bulli...

One of the preferred cryptocurrencies in circulation for a long time has been Cardano (ADA) especially following its impressive performance in the bull market of 2021. Back then, the coin reached its peak level, having recorded an all-time high of $3.09 making it among the best-performed altcoins of that period. With its 2024 price hovering around $0.33, substantially away from its all-time high, representing close to a 90% loss in price, the question that most investors ask now after a steep decrease is whether Cardano would reach $3 once more. However, another fast-rising altcoin is rapidly winning crypto lovers’ centers and many believe that it will come for ADA’s spot. Will Cardano Hit $3 Once More? ADA owners have been waiting for a much-desired recovery, believing that Cardano will be best one day. The analysis predicts that ADA still can reach $3 again but the likelihood of this happening is not anytime soon and might be in a decade. Different areas affect the d...

Your guide: How to Add Shibarium to MetaMask? In the world of blockchain technology, which is always changing, Layer-2 solutions have completely changed how people use independent apps. One cool platform is Shibarium, a Layer-2 network that was made to improve the Shiba Inu environment by fixing the Ethereum network’s high gas fees and slow transaction speeds. So, if you’ve ever found yourself wondering, “How to Add Shibarium to MetaMask?” you’ve definitely come to the right place. Keep reading to find out more. Also read: BRICS To Create an Independent Payment System for Trade How to Get the Most Out of Shibarium: A Smooth Integration with MetaMask MetaMask has become a popular choice for blockchain fans because it is easy to use and has a lot of users. Luckily, connecting Shibarium to your MetaMask wallet is a simple process that lets you use this Layer-2 network to make transactions faster and cheaper in the Shiba Inu community. Using ChainList to Make T...

“Daily Active Addresses” is one of the most misused metrics in the crypto space, often creating confusion with “Daily Active Users.” Experts have urged people to stop using “DAA” when evaluating users’ activity for fundamental analyses, and recent data shows why. Often referred to as “daily active users,” the Daily Active Addresses (DAA) indicator measures the number of crypto wallet addresses that performed at least one activity (or transaction) in a day. At first glance, this could be a valuable metric for crypto fundamental analyses, considering users are essential for any ecosystem. However, “addresses” are not the same as “users” – especially true for bot-dominated chains like Solana (SOL) and now Base (ETH). Picks for you Congressman discloses $175 million i...

The co-founder of the original memecoin is calling out Gary Gensler after the U.S. Securities and Exchange Commission (SEC) chair said Bitcoin (BTC) is not a security. In a new interview with CNBC, SEC chair Gensler states clearly that BTC is not a security. “As it relates to Bitcoin, my predecessor and I have said that it’s not a security.” Bitcoin’s designation as a “non-security” places regulation of the flagship crypto outside the SEC’s jurisdiction. Responding to the news, Dogecoin (DOGE) creator Billy Markus took to the social media platform X to call out Gensler for not giving DOGE the same classification. “he should say dogecoin isn’t a security also as it is mostly bitcoin code and works exactly the same way” Gensler has yet to respond to the vocal DOGE co-founder. This is not the first time Markus has criticized Gensler’s performance as SEC chair. In December of last year, Markus responded to a Gensler claim ...

According to the data from Farside Investors, BlackRock purchased $184.4 million worth of Bitcoin (BTC), 2913 coins to be exact, on Wednesday, Sept. 25, 2024. The figure represents the highest amount of BTC purchased in a single day in September. The development also highlights the growing dominance of BTC-based exchange-traded funds (ETFs) in the US. Also Read: Cardano: What’s ADA’s Price If Its Market Cap Hits $500 Billion? Source: Farside Investors With Wednesday’s $184 million BTC purchase, BlackRock’s total holdings have risen to 359,279 BTC, worth around $23 billion. The world’s largest asset manager, with nearly $10 trillion worth of assets under management, has overtaken the likes of Microstrategy in the amount of BTC held. Microstrategy, a company heavily bullish on Bitcoin, holds around 252,220 BTC, worth around $16 billion. Will Bitcoin Rally After BlackRock’s Purchase? BlackRock’s massive BTC purchase highlights the growing client demand for exp...

In a recent viral video, HBO talk show host Bill Maher wholeheartedly broadcasted his belief that crypto mining consumes 8% of world electricity production. Unfortunately for Bill, that’s completely untrue. In fact, the real figure is less than 1%. Estimates range from 90 to a maximum of 240 terawatt-hours (TWh) per year, with most estimates for worldwide bitcoin mining in 2023 nearer to 121 TWh. Even the US Energy Administration estimates somewhere in the region of 120 TWh. Although significant, this figure isn’t even a single percentage point of global electricity consumption in 2023, which totaled over 27,000 TWh. Even using the highest, 240 TWh figure, crypto mining’s electricity consumption would still be below 1%. Maher broadcast the claim across national television and internet streaming services, including in posts to his 10.8 million followers on X (formerly twitter) and 938,000 on Instagram. Viewers dunk on the talk show host Comments rained in — many ...

Polkadot (DOT) recently made some headlines after opening up its marketing budget and dividing opinions in the cryptocurrency market. The Web3 project continues to bet on spending transparency, now revealing a nearly $400,000 budget for Token2049 in Singapore. While reporting the six-digit expenses for the crypto event, Eric Holst raised a question: “Is Token2049 in Singapore worth it?” In the comments, people exposed different answers and opinions to Holst’s question, with a mix of supportive and opposing biases. Picks for you Cardano founder slams Ethereum as a ‘dictatorship’ 1 hour ago Pro crypto trader announces ‘epic pump season,’ here’s when 3 hours ago ...

Crypto markets never sleep, and today is no different. A fresh wave of excitement sweeps in as top crypto gainers like Delysium, Arweave, Ronin, and Tellor take center stage. These digital assets are making news for their impressive price jumps, technological innovations, and growing market confidence. Whether you’re a seasoned investor scouting for the next big opportunity or simply curious about the latest crypto trends, this roundup highlights the projects pushing the boundaries of blockchain technology. Buckle up for a deep Analysis of what’s fueling these projects and why they’re poised for even more growth.   Biggest Crypto Gainers Today – Top List Delysium soars by 24.48%, reaching $0.172292. Arweave follows closely, rising 13.47% to $23.09, while Ronin advances 8.62% to $1.79. Rounding off the list, Tellor climbs 7.10% to $72.24. These gains are more than just market noise — they signal technological innovations, strong community support, a...

FET’s price jumped after U.S. Vice President Kamala Harris backed AI and cryptocurrencies. The token rose 6.2% in a day and 27% in a week, hitting $1.68. Also Read: Buy Netflix Stock Call Echoes, Secure Upto 16% Profits, Analyst Says Kamala Harris’s Endorsement Boosts FET Amid Cryptocurrency Market Volatility Harris spoke in favour of AI and digital assets on September 22 in New York. This was her first public comment on these topics. Her support caused a slight uptick in niche crypto markets. AI Tokens Rally Other AI-linked cryptocurrencies also gained value, including Bittensor (TAO), Render (RNDR), and The Graph (GRT). This rise shows hope for AI tech under friendly rules. Artificial Superintelligence Alliance Expansion FET‘s price increase comes as its alliance grows. A vote is underway to add CUDOS as a fourth member. CUDOS would offer lower-cost cloud computing for AI tasks. This could make FET tokens more useful; thus, more people could be interested in investin...