Bitcoin News Today TheBitTimes.com

Shiba Inu (SHIB) was launched in August 2020. The project will celebrate its fifth anniversary later this year. SHIB gave incredible results right after its launch. The asset’s price skyrocketed within months of its debut. SHIB rallied by many million percent before hitting an all-time high of $0.00008616 in October 2021. The asset has struggled to regain the same momentum over the last few years. Also Read: Trump Opens Saudi Checkbook: 13 U.S. Stocks at Center of $600B Deal What Pushed Shiba Inu’s Price So High In 2021? Source: StormGain The 2021 bull run was one of the most significant market upswings for the crypto sector. Most assets hit new all-time highs in 2021. SHIB’s price also followed the market trend. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons The bull run was not the only factor fueling Shiba Inu’s (SHIB) rally. Vitalik Buterin’s massive SHIB burn played a significant role in the asset’s perfo...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A widely followed trader is issuing a warning on altcoins in the artificial intelligence (AI) crypto sector. The trader pseudonymously known as Bluntz tells his 312,000 followers on the social media platform X that the “big” AI-related crypto assets are signaling the possibility of the bullish run coming to an end over the short term. According to the analyst who regularly applies the Elliott Wave theory in his technical Analysis , lots of the AI-related altcoins have retraced from the peak of the final wave of a bullish trend that started months ago. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. “Going to be some rude awakenings for the AI hype in the coming month in my opinion.” According to Bluntz, aixbt by Virtuals (AIXBT), a crypto market-focused virtual AI agent, and Fartcoin (FARTCOIN), a memecoin that incorporates an AI framework for t...

The year 2024 gave Bitcoin a new price status, propelling it to thrive and reach new highs as the token progressed ahead to sit at $107K. However, market volatility and changing geopolitical narratives continue to batter Bitcoin, which has caused its price momentum to slow down significantly. In this wake, a new price revelation is haunting users, predicting Bitcoin’s drop to $20K. Also Read: Shiba Inu Price Prediction For The End Of 2024: Is SHIB Surging Soon? Will Bitcoin Drop To $20K? Source: Coingeek Bitcoin has slowed down significantly, showing signs of price lethargy. The token is currently sitting at $96K, down from its earlier price ATH of $108K. BTC has noted a downfall of 8% in the last week. The token’s plummeting pace is worrying investors, adding more to their woes. While some have maintained a bullish price stance on Bitcoin, a new pattern indicates that Bitcoin could drop as low as $20K. Per a recent post uploaded by the Kobeissi Letter, Bitcoin prices have long fo...

Ethereum may experience a drop in user activity alongside ETH price with crypto staking in the crosshairs of the SEC. Ethereum's native token, Ether (ETH), saw its worst daily performance of the year as the U.S. Securities and Exchange Commission (SEC) stopped Kraken, a cryptocurrency exchange, from offering crypto staking services. On Feb. 9, Kraken agreed to pay $30 million to settle the SEC's allegation that it broke securities rules by offering crypto staking services to U.S. retail investors. The news pushed down the prices of many proof-of-stake (PoS) blockchain project tokens, in particular. Ethereum, which switched to a staking-based protocol in September 2022, also suffered as a result. On Feb. 9, ETH's price plunged nearly 6.5% to around $1,525, the largest single-day decline since Dec. 16 of last year. ETH/USD daily price chart. Source: TradingView.com Will Ethereum staking survive the SEC crackdown? The SEC's crackdown on crypto Staking begins as Ethereum...