Features News Daily TheBitTimes.com

Politicians will promise a lot to get votes. Despite candidates for the US presidency spending most of their time talking about broad public interests like healthcare, employment, inflation, and national security, they’ll occasionally make a narrow pledge about a specific sector. Earlier this month, Trump appeared to completely change his mind about bitcoin. Despite branding it a scam five years ago, Trump now realizes that there might be, in his own estimation, “50 million crypto holders” who could cast a vote for him. Whether or not that number is true, he needs more votes on November 5. So Trump made crypto a priority this month. Donald Trump is now ‘good with’ Bitcoin, wants its future ‘made in the USA’ Read more: Trump considers Elon Musk for crypto post despite ‘never talking crypto’ Joe Biden watches Donald Trump pivot on crypto Rather than once again lamenting how crypto “can facilitate unlawful behavior, including drug trade and other illegal ...

Ripple (XRP) has recently hit its lowest RSI value in history, according to a tweet by analyst EGRAG Crypto. This development has triggered speculation about the potential implications for XRP’s future price action. XRP’s RSI Reaches All-Time Low on Monthly Timeframe #XRP ALERT! Lowest #RSI In the History of #XRP!!! Check out the chart below! It's based on the Monthly Time Frame, and the #RSI is at its lowest EVER in #XRP history! If this isn't a positive signal, I don't know what is! The #RSI curvature is turning upwards,… pic.twitter.com/HZr2PvUZ1G — EGRAG CRYPTO (@egragcrypto) May 29, 2024 EGRAG Crypto’s Analysis focuses on XRP’s monthly timeframe. It reveals that the cryptocurrency’s RSI has reached its lowest point ever recorded. The RSI is a popular technical indicator used to measure the momentum of an asset’s price action. A low RSI value, typically below 30, is often considered a sign of an oversold condition a...

Singapore’s DBS bank holds over 173.7k ETH worth $650 million. Blockchain analytics plaform Nansen identified a whale wallet with the ETH as belonging to the bank. DBS, Singapore’s largest bank that boasts nearly $740 billion in assets, holds Ethereum ( ETH ) worth $650 million . On Thursday, blockchain analytics firm Nansen revealed that a whale address with more than 173,700 ETH belongs to DBS. According to Nansen, the said wallet is $200 million in profit on the ETH holdings. At the time of writing, the wallet address held 173,753 Ether tokens. At current ETH prices of $3,738, that’s worth around $649.4 million . While this report highlights DBS’ crypto portfolio in terms of ETH holdings, it’s worth noting that the bank has traction in the crypto space. DBS runs a digital asset custody and exchange, catering to accredited investors and announced plans to launch a crypto retail desk. DBS recently released a report that s...

The Mastercard crypto pilot program uses aliases to simplify and secure transactions. The initiative involves partners like Bit2Me, Lirium, Mercado, and FoxBit. Concerns, however, persist about centralization and data security with Mastercard’s system. Mastercard, the global credit card company, has embarked on a groundbreaking journey into the world of crypto currencies with the launch of its crypto credentials P2P pilot program . This initiative aims to revolutionize the way individuals engage in crypto transactions, particularly in Latin America, where interest in blockchain technology and digital assets is on the rise. Mastercard collaborating with Bit2Me, Lirium, Mercado, and FoxBit The pilot program, which is currently underway, involves collaboration with several key partners in the crypto space, including Bit2Me, Lirium, Mercado, and FoxBit. Through this initiative, Mastercard seeks to streamline crypto transactions and eliminate user err...

BRICS member China is on a US treasuries and agency bonds dumping spree and offloaded billions worth of assets. The latest data from the US Treasury Department shows that China has trimmed its holdings from $816.3 billion in December to $767.4 billion in March this year. That’s a reduction of $48.9 billion during just the first quarter of 2024. Also Read: 10 U.S. Sectors To Be Affected if ASEAN Ditches the Dollar In addition, BRICS member China has sold another $25.1 billion during the Q2 of 2024. In total, China has offloaded $72 billion worth of US treasuries and agency bonds in the last seven months alone. Reports suggest that China is diversifying its assets and purchasing tonnes of gold to its central bank reserves. The World Gold Council reported that China and other BRICS countries have been the largest buyers of gold since late 2022. The gold accumulation began when BRICS kick-started the de-dollarization agenda to challenge the US dollar’s global s...

XRP price is moving lower below $0.5350 support zone. It is now testing key support at $0.5220 and remains at risk of more downsides. XRP is struggling to gain bullish momentum above the $0.5350 resistance zone. The price is now trading below $0.530 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $0.5265 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless the bears push the price below $0.5220. XRP Price Revisits Support In the past two sessions, XRP price saw a bearish move below the $0.5320 zone like Bitcoin and Ethereum. The price declined below the $0.5250 support zone before the bulls emerged. A low was formed at $0.5212 and the price is now consolidating losses. It made a recovery attempt above the 23.6% Fib retracement level of the downward move from the $0.5405 swing high to the $0.5212 low. However, the bears are active near the...

The Turbo price skyrocketed 543% in a week and surged 35% in the last 24 hours and to trade at $0.008609 as of 02:35 a.m. EST on trading volume that jumped 87% to $497 million. This comes as the project gears up for its listing on tier 1 exchanges, aiming to climb the ranks as one of the top meme coins of 2024. Turbo has recently secured a listing on Dex Trade, with TURBO/USDT supported for trading on the centralized exchange (CEX). 📣TURBO is Now Listed on @dextrade_ Spot Trading: Turbo ($TURBO) 📷Trading Pair: TURBO/USDT 📷https://t.co/BgvoraONGo…The following pair is supported: TURBO/USDT https://t.co/Jcnke95lHr… Dex-Trade is responsible for having the highest security and technology in digital… pic.twitter.com/HkXHk5g7Vl — Turbo 🐸 (@TurboToadToken) May 28, 2024 In the last 24 hours, TURBO has been on a tear, as it traded on a markup phase from the lower boundary of the rising channel to touch the upper boundary of ...

Caitlyn Jenner launched a crypto meme coin on Memorial Day, but it was hard to tell if it was legitimate or a hack. The Fox News contributor, ex-reality TV star, and former Olympian posted multiple endorsements to two social media accounts, Instagram and X, but her fan base quickly flagged the videos as possibly fake. First, fans questioned the irregular quality of her video endorsement, which she soon remedied with a more authentic-looking video. Second, they questioned the website linked in her endorsement, Pump.fun. The website is a gambling-oriented kickstarter for meme coins. It gamifies the initial coin offering (ICO) of a token on Solana using a bonding curve for initial distribution.  Up-only bonding curves ( and they are always up-only in crypto ) force buyers, in the absence of a real bid/ask market, to pay ever-higher prices for each subsequent purchase. BitClout was the first mainstream crypto project to popularize bonding curves, forcing fans to pay ever-higher prices ...

VeChain ( VET ) has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event, which has garnered attention from the Web3 community. Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. VeChain’s VET is trading at $0.03538 at press time, according to CoinMarketCap, with a 0.2% rise in value over the last 24 hours. VET is up by 1.8% in the last seven days. Considering various criteria, here is our price prediction for VeChain for June. Also read: Cryptocurrency: Three Coins That Could Do 2X In June VET Price Prediction for June Source – Facts.net Cryptocurrency experts at Changelly have given their price prediction for VeChain for June. For this timeframe, experts anticipate VET’s minimum price to be $0.0415. Additionally, the experts state that the maximum price expected is $0.0464. Experts anticipate th...

Toncoin price bounces as total value locked (TVL) on the TON Blockchain surpasses $300 million. DeFiLlama data showed TON Blockchain’s TVL at $315 million, up from $156 million on May 1. Telegram related news and Pantera Capital’s investment have been notable catalysts for Toncoin (TON). Toncoin (TON), the native cryptocurrency token of The Open Network (TON) Blockchain, currently trades around $6.40. After flipping negative amid profit-taking in recent days, the price of Toncoin looks poised for a major bounce. TON Blockchain TVL surpasses $300 million According to data from DeFiLlama, the total value locked (TVL) on the TON Blockchain has increased sharply this month. Indeed, the TON’s ecosystem has seen the TVL jump from $156 million on May 1 to currently stand at $315 million . The milestone comes as TON shows growing traction in the decentralized finance (DeFi) market. Top projects are across decentralized exchanges (DEXes), lendin...

May 26, 2024 at 15:08 // Price Author Coin Idol The price of Cardano (ADA) has fallen to its current range following a rejection at a high of $0.51. Long-term forecast for the Cardano price: ranging On April 23, the altcoin had a similar rejection at its high of $0.52. Over the past month, Cardano price has ranged between $0.42 and below the moving average lines. The 21-day SMA has dampened the uptrend. The ADA price is now trading in a limited range. On May 15, the cryptocurrency rebounded and surpassed the 21-day and 50-day SMA. The altcoin's upward ...

In the vast and still experimental cryptocurrency market, influencer s and enthusiasts often share insights into their favorite cryptocurrencies. Usually, they will hold these assets as personal investments—a normal behavior expected from someone enthusiastic about an asset. However, influencers can use their influence to lure exit liquidity for tokens they hold but do not plan to keep in the long term. This is what recent on-chain and social activities suggest could have happened to a known meme coin trader. Notably, Lookonchain spotted a possible divergence between words and on-chain activity from James Wynn (@JamesWynnReal) on X on May 25. Picks for you Bitcoin whales show ‘strong buying force’ signaling bullish bias 1 hour ago 3 crypt...

The Bitcoin price recovery above the $67,000 level has triggered a round of selling, but it is not from the usual camp of large investors selling. This time around, it is the small-time traders who are offloading their bags and putting selling pressure on the price. However, this is not an entirely bad thing given that, historically, such selling has been bullish for the Bitcoin price. Bitcoin Retail Are Dumping Their Bags In a report on X (formerly Twitter), the on-chain data tracker Santiment revealed an interesting trend among small-time Bitcoin investors. As the price of Bitcoin rallied past $67,000 over the weekend, these small wallets took this as the time to sell and secure profit. Related Reading Cardano Whales Return To The Table, Increase Massive Holdings By 10% 5 days ago These wallets are those holding below 0.1 BTC on their ...

Ethereum price started a consolidation phase above the $3,650 support. ETH seems to be preparing for the next move up toward $4,000 in the near term. Ethereum started a consolidation after it tested the $3,840 resistance zone. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $3,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,450 support. Ethereum Price Holds Support Ethereum price extended its increase above the $3,500 and $3,650 resistance levels. ETH outperformed Bitcoin and even climbed above the $3,800 level. A new weekly high was formed at $3,838 and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $3,065 swing low to the $3,838 high. Ethereum is now trading above $3,700 and the 100-hourly Simple Moving Ave...

The cryptocurrency market has taken another dip as of today. Bitcoin (BTC) has fallen 3.6% in the daily charts and hovers just above $67,000. Moreover, the global crypto market cap has fallen 2.9% in the last 24 hours, currently at $2.64 trillion. Shiba Inu (SHIB) has also taken a significant punch, falling 5.9% in the daily charts, 1.8% in the weekly charts, and 11.8% over the previous month. Nonetheless, the asset is up by 2.6% in the 14-day charts. Also Read: Cryptocurrency: Top 3 Meme Coins That Can Double Your Investment In 2024 Source: CoinGecko Also Read: Shiba Inu (SHIB) Forecasted to Hit $0.07: Here is When The latest correction could be due to the lack of developments around a spot Ethereum (ETH) ETF (Exchange Traded Fund). The rally before the market dip was likely due to the US SEC (Securities and Exchange Commission) asking interested exchanges to update their filings. Since no further developments took place, the market players may have pulled out. ...