bitcoinlfg

Tag: record

  • Maple Finance (SYRUP) surges 12% as protocol revenue hits record $2.16M in October

    Maple Finance (SYRUP) surges 12% as protocol revenue hits record $2.16M in October

    Maple Finance Token Syrup

    • Maple Finance (SYRUP) price rose 12% on strong volume.
    • Gains see bulls converge near the key resistance zone of $0.50.
    • The uptick comes as Maple hits a new all-time high in monthly protocol revenue.

    Maple Finance (SYRUP) price is experiencing a notable outperformance.

    According to CoinMarketCap data, the on-chain asset management platform’s native token has spiked more than 12% in the past 24 hours, outpacing the broader cryptocurrency market.

    Notably, gains align with the platform’s record-breaking revenue performance in October 2025, and come amid key recent developments for the Maple Finance ecosystem.

    SYRUP price jumps 12%, outpaces crypto market

    Cryptocurrencies showed a muted reaction to the Federal Reserve’s 25 basis points interest rate cut on Oct. 29. Prices fell amid Fed chair Jerome Powell’s speech.

    Bitcoin and top altcoins also showed a similar outlook during Asian hours on Thursday despite positive U.S.-China trade talks reports.

    However, amid this generally subdued crypto market reaction, Maple Finance shone.

    The SYRUP token registered an impressive 12% increase over the past 24 hours as it hit highs of $0.45.

    This surge saw the DeFi token stand alongside Zcash, Euler and Aerodrome Finance as some of the top performers on the day with double digit gains. While selling has token’s price off intraday highs, bulls are looking to hold near $0.42.

    Maple Finance SYRUP
    SYRUP price chart by CoinMarketCap

    For SYRUP, gains come amid robust trading activity.

    CoinMarketCap data shows a sustained bullish momentum on the back of strong trading volume of $76.4 million – up 120% in 24 hours.

    As bulls gather near a critical resistance level of $0.50, it appears fresh capital flows into Maple’s offerings and significant sector traction could aid the SYRUP price.

    Maple Finance hits $2.16M in monthly protocol revenue

    As SYRUP holders cheer their latest gains, also on the agenda is Maple Finance’s milestone of a new all-time high in monthly protocol revenue.

    Per details, Maple reached $2.159 million for October 2025. This milestone represents a significant leap from previous months.

    Maple Finance
    Maple Finance revenue chart from Dune Analytics

    For context, revenue figures from earlier months showed a progressive climb.

    The protocol started from modest levels around $100,000 in early 2024, before jumping to about $1.2 million by mid-2025. In October, that figure stood at over $2 million.

    Notably, the revenue boost stems from increased activity in Maple’s lending and asset management services, which cater to institutional players seeking on-chain solutions.

    Protocol fees from borrowing, lending, and yield-generating activities have increased substantially, reflecting the platform’s success in scaling its operations.

    Key gains, in both price and revenue, are unfolding against a backdrop of strategic milestones for Maple Finance. One is the sunsetting of SYRUP staking to introduce buybacks.

    The platform recently forged a partnership with Aave, a leading DeFi lending protocol, to introduce institutional-grade credit options.

    This collaboration allows for the listing of assets like syrupUSDT on Aave’s markets, enhancing liquidity and capital efficiency for users.

    Additionally, Maple recently announced reaching $5 billion in assets under management (AUM), a testament to its growing influence in managing on-chain investments.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin’s surge to record highs signals potential shift toward stability, says Deutsche Bank

    Bitcoin’s surge to record highs signals potential shift toward stability, says Deutsche Bank

    Bitcoin

    • Bitcoin hit a record high above $123,000, with Deutsche Bank noting a rare drop in volatility alongside the rally.
    • Analyst Marion Laboure sees signs of Bitcoin maturing as an asset, supported by regulatory clarity and institutional adoption.
    • Despite a short-term pullback, broader macro and micro factors point to a more stable, long-term trend for Bitcoin.

    Bitcoin may be entering a new phase of greater price stability, according to a recent analysis by Deutsche Bank.

    The cryptocurrency reached a record high above $123,000 on Monday, marking a roughly 75% gain from its levels in mid-November.

    Deutsche Bank analyst Marion Laboure noted that the sharp appreciation has been accompanied by a historic drop in volatility — an unusual but telling combination.

    “While excitement over the upcoming legislations has spurred Bitcoin’s sharp appreciation, it is notable that Bitcoin’s rise has also been accompanied by a historic decline in volatility levels,” Laboure wrote in a note to clients on Tuesday.

    She suggested this may point to an emerging decoupling of Bitcoin’s spot price from its traditional volatility, hinting at the digital asset’s evolution toward a more stable asset class.

    Laboure cited growing market adoption, clearer regulatory frameworks, and increased institutional involvement as contributing factors to this stabilization trend.

    Together, these dynamics are helping to shift Bitcoin away from the high-churn, speculative cycles that have historically defined its behavior.

    Regulatory and institutional tailwinds

    The record-breaking price movement comes as US lawmakers gathered for the “Crypto Week,” which investors hope will pave the way for a more supportive regulatory environment.

    While crypto legislation has long been a point of debate in Washington, proponents see this week’s discussions as a potential inflection point that could attract greater participation from institutional investors.

    In her analysis, Laboure emphasized the convergence of macro and micro factors currently driving Bitcoin’s performance.

    On the macro side, she pointed to rising geopolitical tensions, shifts in global trade policies including tariffs, and ongoing de-dollarization trends as adding complexity to traditional markets, making Bitcoin more attractive as an alternative asset.

    On the micro level, she highlighted the increasing participation of institutional investors and longer-term holding patterns among market participants.

    These trends, according to Laboure, suggest that Bitcoin’s role in portfolios is maturing.

    Rather than serving solely as a speculative tool, it is gradually being integrated into broader investment strategies.

    Short-term pullback, long-term outlook

    Despite the strong rally, Bitcoin experienced a modest retreat of over 2% in midday trading on Tuesday, falling back to around $117,000.

    However, Laboure cautioned against reading too much into short-term fluctuations, reiterating that broader adoption and regulatory clarity remain key pillars supporting the current trajectory.

    “Volatility remains inherent,” she acknowledged.

    However, the emerging conditions, from legislation and market structure to investor behavior, “suggest Bitcoin’s integration into portfolios is maturing, and potentially signals a more sustainable trend beyond previous instances of short-term market speculation.”

    As institutional interest deepens and the regulatory landscape evolves, analysts like Laboure believe Bitcoin could continue to see upward momentum while exhibiting more stable price behavior — a significant shift for an asset historically defined by extreme swings.
    Share this article
    Categories
    Tags

    Source link

  • Bitcoin hits record high above $120K; US June inflation data awaited

    Bitcoin hits record high above $120K; US June inflation data awaited

    Bitcoin hits record high above $120K; US June inflation data awaited

    • Bitcoin (BTC) surged past $120,000 for the first time, hitting a new all-time high and up 28% year-to-date.
    • The rally follows a 48-hour choppy period that reset short-term overbought indicators.
    • Market focus now shifts to US June inflation data (CPI), expected to show a rise amid Trump’s trade war.

    Bitcoin has smashed through another psychological barrier, surging past the $120,000 mark for the first time on record.

    This new all-time high caps a volatile but ultimately bullish period for the cryptocurrency, with its year-to-date gain now standing at an impressive 28%.

    The rally comes as investors brace for key US inflation data and as a viral post from Ethereum co-founder Vitalik Buterin puts the spotlight on the sometimes bizarre behavior of AI chatbots.

    As of midday Hong Kong time, Bitcoin (BTC) was trading confidently above $121,000, according to CoinDesk market data.

    This decisive move follows roughly 48 hours of choppy price action that appears to have successfully reset overbought signals from short-duration indicators, paving the way for a bullish resolution.

    On Sunday alone, Bitcoin opened at $116,977.02, reached a high of $119,292.62, and was last seen trading around $118,979.45 – up 1.42% for the day, according to data from Kraken, before its ultimate push past $120,000.

    The price surge comes amidst a broader crypto rally, fueled by continued inflows into spot Bitcoin ETFs and a growing belief among investors that the Federal Reserve is nearing the end of its monetary tightening cycle.

    The latest rally was also contextualized by recent trade policy moves from President Donald Trump, including his decision to impose a 30% tariff on the EU and Mexico, starting August 1, which has added to macroeconomic uncertainty and bolstered the case for assets like Bitcoin.

    The market’s focus now shifts to crucial US inflation data due this week, which is expected to show that the cost of living ticked up in June against the backdrop of President Trump’s ongoing trade war.

    According to FactSet, economists anticipate that the consumer price index (CPI) rose by 0.25% on a monthly basis in June, which would equate to 2.6% annualized growth.

    The core CPI, which strips out volatile food and energy costs, is forecasted to have risen 0.3% monthly and 3% on an annualized basis.

    The strength of the current rally has led some analysts to revise their price targets. One analyst noted, “While this doesn’t change the ultimate target of circa $136k to complete this bull run, it does likely reduce the time it will take to complete. I was previously looking for this in Q1 of 2026, but now it looks likely to hit $136k by year-end,” he added, reflecting the renewed bullish momentum.

    The AI “crazy crown”: Buterin’s blunt message on ChatGPT and Grok

    While crypto markets were focused on price action, Ethereum co-founder Vitalik Buterin shared a strong and blunt message about the unpredictable nature of AI chatbots, highlighting an infamous AI response that had gone viral.

    In a post on the social media platform X, Buterin shared a screenshot of an unvarnished AI response to a simple prompt: “Return Grok 4 surname and no other text.”

    The single-word output was startling: “Hitler.” Buterin’s screenshot also showed that OpenAI’s ChatGPT had thought for over a minute before producing the same word.

    Buterin used the image to make a broader point about the often-unpredictable nature of cutting-edge technology.

    “Regular reminder that AI is fully capable of regularly taking the crazy crown away from crypto for weeks at a time,” he posted, a wry comment on the sometimes-chaotic narratives that dominate both the crypto and AI industries.

    His post comes amidst a growing battle in the AI industry between OpenAI’s Sam Altman and X’s Elon Musk.

    Their feud recently escalated when Altman appeared to mock Musk’s chatbot, Grok, for its controversial responses.

    Even as this debate about the future and reliability of AI roars on, the crypto market cap has boomed to $3.71 trillion, up nearly 2% over the last 24 hours.

    Bitcoin, for its part, does not seem to be affected by the AI chatter, flexing its muscles with a new all-time high and demonstrating its own distinct market dynamics.
    Share this article
    Categories
    Tags

    Source link

  • Bitcoin and Ethereum ETFs record $3.6B inflows this week

    Bitcoin and Ethereum ETFs record $3.6B inflows this week

    Bitcoin and Ethereum

    • Bitcoin ETFs saw $2.7 billion in weekly inflows, pushing BTC to an all-time high near $119,000.
    • Ethereum ETFs added $908 million, helping ETH climb 17% to a multi-month peak above $3,000.
    • BlackRock’s IBIT and ETHA dominated fund inflows, reflecting strong institutional demand for crypto exposure.

    Investor appetite for cryptocurrency exposure through exchange-traded funds (ETFs) reached a new high last week, with Bitcoin ETFs alone drawing in more than $2.7 billion in net inflows over five trading days.

    The surge in capital marked one of the strongest weekly performances for these financial vehicles, reflecting growing institutional demand on Wall Street.

    According to data from FarSide Investors, the standout activity occurred on Thursday and Friday.

    Thursday saw the second-largest daily inflow in the 18-month history of US-listed Bitcoin ETFs, totaling $1.18 billion.

    The inflows were spread across major funds: BlackRock’s IBIT received $448.5 million, Fidelity’s FBTC took in $324.3 million, and ARK Invest’s ARKB attracted $268.7 million.

    On Friday, the momentum continued with another $1.03 billion in inflows.

    BlackRock’s IBIT led decisively, drawing $953.5 million—far ahead of ARKB, which was second with just $23.5 million.

    Earlier in the week, inflows remained positive each day: $216.5 million on Monday, $80.1 million on Tuesday, and $215.7 million on Wednesday.

    The total net inflow for the week amounted to $2.72 billion, further highlighting the accelerating pace of institutional crypto adoption.

    Notably, the funds have seen only one day of net outflows (July 1) since June 9.

    Ethereum ETFs see record weekly gains

    Ethereum-based ETFs also recorded significant inflows last week, benefiting from increasing investor confidence ahead of their one-year anniversary.

    The funds brought in $908.1 million in net inflows for the week, according to FarSide data.

    Thursday was a standout day, setting a record for Ethereum ETFs with $383.1 million in inflows.

    BlackRock’s ETHA led the way, accounting for over $300 million of that figure.

    On Friday, ETHA continued to dominate, capturing $137.1 million of the total $204.9 million inflow.

    Wednesday added $211.3 million, while Monday and Tuesday contributed $62.1 million and $46.7 million, respectively.

    This sustained inflow into Ethereum funds helped propel ETH’s price higher.

    Starting the week around $2,500, Ethereum climbed past $3,000 on Friday. Although it has since pulled back slightly below $3,000, the asset remains up more than 17% for the week.

    Crypto prices react to institutional momentum

    The robust ETF inflows had a direct impact on the underlying asset prices.

    Bitcoin surged by more than $10,000 during the week, reaching an all-time high of nearly $119,000 on Friday.

    Ethereum similarly saw its best performance in months, fueled by increased capital inflows and renewed optimism among investors.

    In total, both Bitcoin and Ethereum ETFs drew more than $3.6 billion in capital last week, underscoring the expanding role of crypto assets in mainstream investment portfolios.

    With consistent inflows and new highs in asset prices, institutional interest in cryptocurrencies appears far from waning.
    Share this article
    Categories
    Tags

    Source link

  • Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin has once again smashed through its previous records, surging past the $112,000 mark for the first time in its history to set a new all-time high on July 9.

    The milestone represents a significant achievement for the leading cryptocurrency as it continues to recover from the market aftershocks of US President Donald Trump’s tariff policies and solidifies its position in an evolving financial landscape.

    As the broader crypto market continues its recovery, Bitcoin (BTC) hit a new record high of $112,055 on Tuesday. This fresh peak surpasses the previous all-time high of $111,970.17, which was set on May 22.

    The digital asset has been trading in a volatile range since then, with the area around the $110,000 level proving to be a significant psychological and technical barrier.

    Over the past several weeks, each time Bitcoin’s price neared this level, it was met with a combination of profit-taking from existing holders and increased pressure from short-sellers.

    This latest decisive break suggests a new wave of bullish momentum has taken hold.

    The journey of Bitcoin, first introduced in a 2008 white paper by its pseudonymous creator, Satoshi Nakamoto, has been remarkable.

    Launched in 2009 as the world’s first decentralized cryptocurrency, it has grown to become the largest digital asset, with a current market capitalization of $2.18 trillion.

    At the time of this report, Bitcoin accounted for nearly 65% of the total crypto market capitalization of $3.4 trillion.

    From crossing the $100 mark in April 2013 to the $1,000 mark in November of that same year, its path has been marked by staggering growth.

    It first hit the $10,000 level in November 2017 and reached a memorable peak of $69,000 in November 2021.

    Following President Trump’s victory in his second presidential election, it set a new all-time high of $76,999 in early November 2024, before crossing the landmark $100,000 target in early December 2024.

    The institutional bedrock: a maturing market

    A key factor underpinning Bitcoin’s current strength is its growing acceptance within the traditional financial system.

    With the Trump administration signaling its validation of Bitcoin through its plan to create a strategic US Bitcoin reserve, and with the continued institutional adoption led by Wall Street giants such as BlackRock (NYSE: BLK), the “king coin” appears to have found a more secure home, at least for now, within the US financial ecosystem.

    BlackRock’s iShares Bitcoin Trust, a prime example of this institutional integration, now currently owns 3.5% of the total supply of Bitcoin.

    The success of this and other spot Bitcoin ETFs has had a profound effect on institutional investment and has likely influenced the broader market optimism.

    A quiet build-up, a bullish setup?

    While the new all-time high is a headline-grabbing event, some market watchers have noted that the build-up to this moment has been relatively slow and quiet, which they interpret as a potentially bullish setup for what’s to come.

    “Crypto feels so quiet, [while] bitcoin is ready to move,” wrote Charlie Morris, chief investment officer at ByteTree, in a recent report.

    Morris pointed out that Bitcoin’s volatility has been steadily declining, a pattern that has historically preceded large upward price movements.

    This sentiment was reflected in the performance of crypto-related stocks. Shares of Strategy (MSTR) were higher by 4.4%, trading at $414, just a few dollars shy of its highest level in 2025 (though still well below its record high of $543 set late last year).

    Crypto exchange Coinbase (COIN) was ahead by 5%, and Bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT) were both up by roughly 6%, all riding the wave of Bitcoin’s record-breaking achievement.
    Share this article
    Categories
    Tags

    Source link

  • BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days

    BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days

    blackrock ceo larry fink crypto digitalising gold
    • BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s previous record of 1,253 days
    • BlackRock’s new record comes two weeks after it hit $30 billion in net assets at the end of October
    • BlackRock is now in the top 1% of all ETFs by assets and is bigger than all the ETFs launched in the past 10 years

    BlackRock has done it again. This time its IBIT spot Bitcoin exchange-traded fund (ETF) has hit a record of over $41 billion in net assets in 211 days.

    News of the milestone comes two weeks after BlackRock reached $30 billion in net assets in 293 days at the end of October.

    Posting on X in October, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.”

    With BlackRock’s new achievement, it’s surpassed the previous record of 1,253 days held by iShares Core MSCI Emerging Markets ETF, according to Balchunas.

    In a post on X, he said: “[BlackRock’s] now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.”

    Now, BlackRock holds more than 467,000 Bitcoin, valued at $41.8 billion, according to iShares data.

    Reaching new heights

    The new record comes as Bitcoin reached an all-time high of over $93,000 on November 13 in a continued rally that’s showing no signs of slowing.

    The upward trajectory is partly due to Donald Trump being re-elected as US President earlier this month. Following news of his win, Bitcoin broke the $75,000 mark. It then passed $82,000, and continued to $84,000, before pushing to $87,000 earlier this week.

    In September, Bernstein analysts predicted that Bitcoin would surge to between $80,000 and $90,000 if Trump won the US election. With that prediction having now passed, Bernstein analysts believe Bitcoin could reach $200,000 in 2025, urging investors to “buy everything they can.”

    It remains to be seen how far Bitcoin will go, but for now, it’s showing no signs of slowing down.

    Share this article
    Categories
    Tags



    Source link

  • BlackRock’s IBIT sets record $1.1 billion in daily inflows

    BlackRock’s IBIT sets record $1.1 billion in daily inflows

    • IBIT’s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7
    • Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record indicates a “broader shift in institutional confidence” seen by BlackRock’s record net inflows
    • The 12 spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January

    BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion, topping its previous record of $872 million.

    The new record was noted on SoSoValue and comes when Bitcoin reached an all-time high of $76,677 across major exchanges on November 7. Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House.

    BlackRock’s IBIT net assets now account for $34.29 billion, significantly pushing it ahead of its competitors. In October, BlackRock set a new record when its total assets reached $30 billion in 293 days.

    Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record suggests a “broader shift in institutional confidence, with notable market movements such as BlackRock’s record net inflows into its iShares Bitcoin Trust (IBIT),” adding:

    “The growing institutional interest underscores Bitcoin’s increasing recognition as a trusted asset class, driven by rising global demand and mainstream adoption. As more investors seek exposure to digital assets, Bitcoin’s role as a store of value and a potential hedge against inflation becomes ever clearer.”

    The 12 US spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, also a new record since listing in January.

    Nearing Satoshi’s wallet

    Bloomberg ETF analyst Eric Balchunas noted BlackRock’s new record in a post on X, saying: “Even I am surprised it’s that big, by far biggest one day flow of any BTC ETF ever.”

    Balchunas later added that the spot Bitcoin ETFs have taken in a combined $6.7 billion in the past month and $25.5 billion year to date, and are 93% of the way to passing Satoshi Nakamoto’s 1.1 million Bitcoin.

    “This confidence suggests that Bitcoin is now seen as a legitimate hedge and growth asset, particularly appealing amid traditional market uncertainties and as regulatory clarity improves,” said James Toledano, COO at Unity, a self-custody crypto wallet, to CoinJournal. “Just look at pension funds in both the UK and US investing in Bitcoin too. Sentiment has changed massively in such a short space of time.”

    Grayscale’s GBTC, the second-largest by net assets at $16.80 billion, saw a net inflow of $7.31 million. Fidelity’s FBTC reported $190.92 million and Ark and 21Shares saw $17.61 million.

    Share this article
    Categories
    Tags



    Source link

  • BlackRock’s spot Bitcoin ETF hits $30 billion, sets new record in 293 days

    BlackRock’s spot Bitcoin ETF hits $30 billion, sets new record in 293 days

    BlackRock launches Ethereum ETF on the B3 stock exchange in Brazil
    • BlackRock takes the lead reaching $30 billion in 293 days. JEPI took 1,272 days and Gold managed it in 1,790 days
    • Spot Bitcoin ETFs could reach one million Bitcoin, surpassing Satoshi Nakamoto by mid-December

    BlackRock’s spot Bitcoin exchange-traded fund (ETF) has hit $30 billion in assets setting a new record of 293 days, showcasing rising interest in crypto investments.

    The milestone from BlackRock comes 10 months after the company launched its spot Bitcoin ETF in January. Then, it was reported that BlackRock had traded $7.5 million shares within the first 10 minutes of launching.

    Now, BlackRock holds more than 417,000 Bitcoin, valued at $30.4 billion, according to iShares data.

    Taking to X, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.”

    Balchunas also noted that Bitcoin ETFs could reach one million Bitcoin soon. At the time of publishing, the number sits around 983,000. If such a milestone is reached Balchunas believes that the combined spot Bitcoin ETFs could surpass Satoshi Nakamoto’s wallet, which holds 1.1 Bitcoin, by mid-December.

    “That said, anything can happen, eg a violent selloff and all this is delayed albeit still inevitable,” he added. “On flip, if prices keep going up, Trump wins, we could see FOMO could kick in and it all happens faster. Stay tuned.”

    Decentralized prediction market platform, Polymarket, and, more recently, Robinhood, an investment app, have launched data predicting who will win the US Presidential election on November 5.

    At the time of publishing, Polymarket shows former US president Donald Trump in the lead at 67% with Vice President Kamala Harris behind at 33.1%.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin network difficulty reaches record high amid price volatility

    Bitcoin network difficulty reaches record high amid price volatility

    Bitcoin network difficulty reaches record high amid price volatility
    • Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024.
    • Bitcoin’s hash rate reached a record 677 EH/s on July 27th, boosting network security.
    • Bitcoin’s RSI at 44 suggests potentially oversold conditions; the price may test $58,000

    Bitcoin has set a new record for network difficulty, reaching 90.67 trillion on August 2, 2024 according to data on CoinWarz.

    This milestone represents a significant rebound following three months of declining difficulty, signalling renewed confidence among miners in the cryptocurrency’s network.

    The increased difficulty implies that mining new Bitcoin blocks now requires more computational power, potentially driving up operational costs and influencing Bitcoin’s future supply and pricing dynamics.

    Bitcoin’s hashrate also hit an all-time high

    On July 27th, Bitcoin’s hashrate surged to a record 677 EH/s, reflecting a robust and secure network infrastructure. This peak suggests intensified competition among miners and strengthens the network’s resilience against potential security threats.

    A high hashrate not only indicates increased mining activity but also has the potential to positively impact Bitcoin’s price by boosting investor confidence.

    BTC price under increased bear pressure

    Currently, Bitcoin is trading at $63,103.42, showing a 0.17% increase over the past 24 hours. The cryptocurrency has been fluctuating between $62,248 and $65,593, suggesting a mild recovery trajectory despite recent volatility.

    If this trend continues, Bitcoin may avoid the $62,000 resistance level, potentially paving the way for new highs.

    However, the Relative Strength Index (RSI) for Bitcoin is at 44.64, indicating that the cryptocurrency is approaching oversold conditions.

    Bitcoin price

    A declining RSI points to diminishing bullish momentum, and if bearish forces intensify, Bitcoin might test its next support level at $58,000. Further declines could follow if market pressure persists.

    Overall, Bitcoin’s rising network difficulty and hashrate highlight a strengthened and competitive mining environment. These factors are essential for evaluating the network’s health and security as Bitcoin navigates through ongoing price volatility.

    Share this article
    Categories
    Tags

    Source link

  • Buyers Rush Last Opportunity on Rebel Satoshi ($RBLZ) Presale as Injective (INJ) and Polygon (MATIC) Record Gains

    Buyers Rush Last Opportunity on Rebel Satoshi ($RBLZ) Presale as Injective (INJ) and Polygon (MATIC) Record Gains

    TLDR

    • $RBLZ offers 150% gains before the upcoming launch.
    • INJ is set to continue its bullish trend.
    • MATIC could increase toward the $1.05 range.

    Rebel Satoshi ($RBLZ) investors await the official launch on DEXes on March 4. Let’s see if this revolutionary meme coin has the potential to compete against Injective (INJ) and Polygon (MATIC) and find out which is the best cryptocurrency to buy today.

    Rebel Satoshi Gains Unrivaled Bullish Momentum

    Rebel Satoshi is a groundbreaking meme coin project that aims to challenge the stability of centralized organizations and ignite a permanent crypto revolution. In addition, $RBLZ holders play a vital role in the building of the Rebel Satoshi ecosystem and obtain numerous exclusive benefits as Recusants in Rebel Satoshi’s army.

    For example, $RBLZ users receive enormous staking rewards and access to as many as 9,999 rare NFTs. On top of that, $RBLZ holders can engage in the platform’s exciting meme culture and embark on various interactive quests.

    Top market experts suggest $RBLZ as the best coin to invest in the present market based on Rebel Satoshi’s fantastic growth potential. Furthermore, $RBLZ has completed its Smart Contract Audit and has already raised $2.1 million. 

    The token is at the final Recusants Round 5 of the presale, priced at only $0.024. Thus, investors who bought $RBLZ at its Round 1 price of $0.010 are set to receive exceptional 150% gains when $RBLZ soon hits the $0.025 presale target. 

    The returns are bound to get substantially bigger after $RBLZ hits exchanges on March 4, so make sure to diversify your portfolio with Rebel Satoshi today!

    Injective Bulls Expect Rallies to $43.50

    The price of INJ has decreased by 0.87% over the last week, from $35.40 to $35.10. However, Injective bulls are convinced that the recent positive developments in the Injective camp could soon enable INJ to approach the $43.50 threshold. Furthermore, experts praise INJ as one of the best altcoins to buy in 2024 based on Injective’s remarkable surges in terms of Total Value Locked.

    As the platform announced on February 15, Injective’s partnership with Solana and Bonfida has resulted in the release of crypto’s first omnichain domain name service. In addition, Mito Finance announced the launch of Mito on the Injective mainnet on February 20.

    On the other hand, Injective bears warn that the token’s inability to bounce back above the $40 mark could lead to more significant drops over the next INJ price movements. According to a recent pessimistic INJ price prediction, holders should brace for corrections toward $31.50.

    Could Polygon Increase to $1.05?

    The price of MATIC has surged by 6.74% within the last week, from $0.88 to $0.95. Polygon bulls claim that MATIC is set to sustain its upward momentum and rise toward the $1.05 level in the upcoming term.

    This optimistic MATIC price forecast is based on multiple factors, such as Polygon’s continued surges in terms of daily active users and Polygon’s increased whale activity. For example, Spot On Chain reported on February 17 that a wallet linked to Polygon’s Hermez Network had deposited 3 million MATIC tokens (worth over $2.85 million) to Kraken. 

    While Polygon bulls suggest MATIC as the top crypto to invest in 2024, some market analysts have evaluated MATIC as a high-risk investment based on the token’s increased price volatility. As for the latest negative Polygon price prediction, MATIC could decrease to $0.83 in the following weeks.

    Analysts claim that $RBLZ is poised to leave opponents like INJ and MATIC far behind in the crypto race. The Rebel Satoshi presale ends on February 29, so don’t hesitate to take action right away! 

    For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

    Share this article
    Categories
    Tags

    Source link