Features News Daily TheBitTimes.com

Bitcoin has surpassed the $66,000 mark, and market commentators has analyzed the factors that could help it reclaim the $70,000 level. Experts in the industry believe that the recent interest rate cuts by the Federal Reserve could significantly influence Bitcoin’s price trajectory, as lower rates typically encourage investments in riskier assets. At the same time, analysts have noted that the TD Sequential indicator on Solana’s daily chart is pointing to a promising buying opportunity. This indicates a possible price recovery may be on the horizon, with predictions suggesting a rebound could occur within the next one to four daily candlesticks based on SOL’s price behavior. Meanwhile, tokens within several networks have also witnessed rallies. This article curates the top trending crypto coins on DEXTools. Top Trending Crypto Coins on DEXTools Melo is currently priced at $0.00000666, with a market cap of $2.39 million. Citadel.one aims to be a holistic platform for...

A widely followed crypto analyst believes Bitcoin (BTC) may hit six figures before the year’s end as the top digital asset by market cap reclaims the $65,000 level. Crypto trader Michaël van de Poppe tells his 725,400 followers on the social media platform X that Bitcoin may increase more than 53% from its current value. He believes that the Fed rate cuts and increasing global liquidity are bullish catalysts for Bitcoin and other digital assets. “Gold continues to push higher, while silver has reached the highest price level in a decade. Global liquidity is significantly increasing and altcoins have barely started. Before the end of the year, we’re likely seeing Bitcoin trading between $90,000-$100,000.” The analyst says that Bitcoin’s recent breakout into the $65,000 range puts the flagship crypto on track to take out its all-time high of about $74,000. He adds that many altcoins are already starting to rally. “Bitcoin is abo...

Yesterday, two hacks on decentralized finance (DeFi) protocols netted a total of over $5 million, with a further $5 million siphoned off from compromised wallets on Wednesday. While the founders of two OG protocols, Aave and Maker (now Sky), bro’d down over Starcraft while basking in a “DeFi renaissance moment,” some of the sector’s less well-established projects were going down in history for the wrong reasons. Repeat DeFi hack or a new bug? First up was Onyx Protocol whose $3.8 million loss was first thought to be a repeat of the well-known bug that drained $2.1 million from the project toward the back end of last year. Hi @OnyxDAO, you may want to take a look pic.twitter.com/fcU6fHP4jr — PeckShield Inc. (@peckshield) September 26, 2024 Read more: Compound DAO asleep at the wheel as $25M governance ‘attack’ passes Onyx is a fork of Compound Finance, which contains an infamous vulnerability in which freshly-launched, empty lending markets are briefly left ope...

A top-50 altcoin by market cap is on the verge of rallying, according to a closely followed trader and analyst. The analyst pseudonymously known as Bluntz tells his 276,000 followers on the social media platform X that the Ethereum-based memecoin Pepe (PEPE) is forming an ascending triangle pattern on the eight-hour time frame. Source: Bluntz/X The pseudonymous analyst further says that PEPE has turned previous resistance levels to support on its journey upwards. “Looks like Pepe has been lagging a bit but with other memecoins perking up over the last 48 hours I think it probably won&#https://cdn.thebittimes.com/images/2024/09/27/e9322f9e4bad0b8194bf252723bff2b3.webp7;t for too much longer.” Based on the pseudonymous analyst’s eight-hour chart, it appears that he is suggesting that Pepe could go up by around 15% from the current level. Source: Bluntz/X Pepe is trading at $0.00000908 at time of writing, up by around 937% from the February low of $0....

The purchasing power of the US dollar is declining every year leading to inflation in the homeland. The CEO of Zang Enterprises, Lynette Zang emphasized that the purchasing power of the US dollar is eroding at an advanced speed. This comes when the BRICS alliance is looking to pin the US dollar down as the world’s reserve currency. Also Read: BRICS Currency: 40% Could Be Tied to Gold, 60% in Local Currencies Only 3% of the US dollar’s original purchasing power remains in 2024, as documented by the Federal Reserve this year. “This is what the official government data will tell us,” said Zang. This gives BRICS more mileage to take on the US dollar as its purchasing power is dwindling. BRICS: US Dollar Purchasing Power Might Fall to Zero, From the Current 3% Source: beincrypto.com Zang explained that the US dollar’s purchasing power could collapse to zero from the current 3% that it enjoys. She predicted that it could fall to zero next year in 2025. BRICS could exploit th...

The Worldcoin price rose 10% in the last 24 hours to trade at $2.07 as of 00:28 a.m. EST on trading volume that skyrocketed 79% to $761 million. This comes as its World ID gains wider adoption after launching in Guatemala, Malaysia, and Poland. The launches were made this week, a testament to the growing demand for human verification. Worldcoin Price On A Bullish Rally According to GeckoTerminal data , the Worldcoin price has been on a downtrend from the end of August to the beginning of September, from the $1.98 resistance level to the $1.3 support level. The support allowed the bulls to push the price back to the resistance zone, forming a rounding bottom pattern and a follow-through. WLD has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which suggests that the market is entering a stronger uptrend after what appears to be a longer period of downtrend. The Golden Cross (50 MA crossing above the 200 MA) has occurred around $1.55, which is a strong...

Cryptocurrencies are heating up as a bullish momentum grows in the cryptocurrency market, especially around what is known as “altcoins.” The total capitalization of all cryptocurrencies except Bitcoin (BTC) and Ethereum (ETH) broke out of a downtrend, signaling an altseason is starting. Finbold looked at TradingView ‘s TOTAL3 crypto index, summing up the market cap of all cryptocurrencies excluding the two leaders. With a $614.64 billion capitalization, the altcoins are starting a strong momentum, breaking out of a six-month downtrend. Notably, TOTAL3 made three subsequent lower highs since the 2024 highs in late March, creating significant resistance. The index tested this downtrend line from September 21 to 23, breaking out the resistance on September 24. Picks for you Warren Buffett just dumped $860 million of this stoc...

Rexas Finance (RXS) price surge signals a new revolution in the real estate industry is set to overtake Ripple (XRP) and Cardano (ADA). In addition, the sudden increase of the Rexas Finance (RXS) provides a transformative shift in the real estate investment industry. Moreover, providing new chances that could potentially outperform established crypAtos such as XRP and ADA.  Overview of XRP and ADA Ripple (XRP) and Cardano (ADA) provides extra-ordinary price surge in recent years. Moreover, the Cardano network enhances smart contract functionality and support for a huge range of dApps, with consensus achieved through a proof-of-stake system. In comparison, Ripple is used for the money transfers across borders, in addition, it uses a blockchain that relies on participating nodes to achieve consensus. Ripple cannot be mined, as its total supply is dictated by the blockchain operators, enabling only the necessary amount of coins to be made available at a time. This new altcoin Re...

The US presidential campaigns are inching towards their final stage, and their political undercurrents are shaping world economics. Former US president Donald Trump has already announced a trade war, adding that he may impose tariffs on countries moving away from the US dollar. If Trump is elected, his move could significantly bolster trade tensions with China, indirectly putting ASEAN under the central trade spotlight. Also Read: Ripple: ChatGPT Predicts XRP’s Price Outcome For October 2024 US-China Trade Tensions: What’s Happening? The US-China trade scenario is undergoing a transformative change. China is an active part of the BRICS alliance, which aims to derail the US dollar for good. At the same time, the coalition is also pioneering unique collaborations to carve its own independent identity while developing a currency system that directly challenges the prestige of the US dollar. However, political undercurrents are heating up the global trade scenario after US President D...

Although cryptocurrency prices have been falling for a while, the overall feeling in the market remains positive. Recently, Bitcoin (BTC) has risen above $60,000, and Ethereum (ETH) has risen above $2,500, providing some relief to investors. However, identifying the next cryptocurrencies to explode is challenging as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Memebet Token. This new Telegram-based betting platform allows users to bet using meme coins for the first time, generating excitement among crypto enthusiasts. The details of its presale and the perfo...