The Bitcoin network has witnessed a surge in trading activity in the days after the halving, as shown by on-chain data. Although the just concluded halving brought a lot of attention to Bitcoin, the recent surge in trading activity can be attributed to something else. According to data from on-chain analytics platform IntoTheBlock, the number of daily BTC transactions has grown rapidly in the past few days to reach a new high of 927,000 thanks to a new token standard called Runes. Related Reading: Analysts Call It: XRP Primed For A 700% Surge – Details Bitcoin Daily Transactions Reach New All-Time High Bitcoin’s price has been skyrocketing since the beginning of the year with interest in the top cryptocurrency exploding. All that new interest means more people buying, selling, and trading BTC, which has led to a huge increase in the number of daily transactions. Despite the increase in activity, the number of daily transactions failed to break above the 724,000 record for the past four months, until recently this week. The main catalyst for this activity surge is the recent launch of the Runes token standard on the Bitcoin blockchain. The Runes Protocol is a new token standard on BTC that gives users a more efficient way of creating fungible tokens. The additional functionality provided by Runes opens up new possibilities for Bitcoin, allowing users to create non-fungible tokens more efficiently than the existing BRC-20 token system. Bitcoin is now trading at $63.711. Chart: TradingView The Runes token standard surged immediately among developers and users after launch, constituting over 68% of Bitcoin transactions recorded. According to Dune’s analytics dashboard, the number of Runes transactions surged to 753,000 on Tuesday, April 23. As a result, the total number of transactions on the day crossed over 927,000 to break the 724,000 record set in December 2023. Bitcoin hit a new all-time high in daily transactions! Following the launch of Runes, The number of Bitcoin transactions has increased rapidly, hitting 927,000 on Tuesday. This breaks the previous high of 724k set in December of 2023 pic.twitter.com/30JXbrLmdR — IntoTheBlock (@intotheblock) April 26, 2024 On the other hand, the hype surrounding the Runes token standard seems to have faded so quickly. The number of transactions on Runes has now fallen to 104,800 in the past 24 hours, constituting 26% of the total number of transactions. Bitcoin Price Prediction At the time of writing, Bitcoin is trading at $63,711 with a price resistance now around $64,500. Bitcoin’s price trajectory can be very tough to predict. Many Bitcoin analysts and traders are still looking forward to a bullish effect of the just concluded halving on the price of the cryptocurrency. A Bitcoin bull flag has just been formed which suggests the possibility of an uptrend very soon. Related Reading: The Machines Know: Bitcoin Primed For Epic Price Surge To $77,000 However, crypto expert Peter Brandt believes Bitcoin might have already reached its top in the current market cycle. His theory is based on the exponential decay thesis which shows that the percentage gain of Bitcoin price has reduced in succeeding market cycles. Featured image from Pexels, chart from TradingView

With the bull run of 2024 in full swing, certain cryptocurrencies are capturing analysts’ attention. While some investors might be focused on established names, experts are pointing towards a few The post Forget Cardano, Crypto Analysts Recommend Keeping an Eye on These Cryptos in 2024 appeared first on BitcoinWorld .

Solana co-founder has made it clear

A widely followed crypto analyst says that gold may just have signaled the local top of Bitcoin’s (BTC) recent strength. In a new video update, crypto strategist Benjamin Cowen tells his 800,000 YouTube subscribers that if gold continues to do well, the top crypto asset by market cap may be in for a an extended The post Gold May Have Just Signaled End of Bitcoin (BTC) Rally, According to Analyst Benjamin Cowen – Here’s What He Means appeared first on The Daily Hodl .

Cryptocurrency analyst Michaël van de Poppe announced in his latest statement the altcoins that he claims can 3x in the future. Continue Reading: Veteran Analyst Shares 5 Altcoins He Claims Will Make 3x Against Bitcoin From Current Levels

XRP price surged by 2.5% to reclaim $0.5245 but retained a 16% loss in 30 days. Ripple filed motions contesting the SEC’s $2 billion penalty for alleged securities law violations. The SEC must submit its opposition brief by Monday, after which Ripple will reply within three days. On Sunday, XRP reclaimed the $0.5245 price level, The post XRP Army: Here’s What to Expect in SEC-Ripple Case This Week appeared first on Coin Edition .

Paradigm Capital has transferred 3,718 Ethereum (ETHs), an investment dealer who hasn’t made a similar transfer in the past three months, to Anchorage Digital. A deal of this nature in which $250 million worth of ETH was on April 28 Paradigm’s ETH Transfer Paradigm Capital’s moving 3,718 ETH from check to Anchorage Digital reveals its

Investors and financial analysts are bullish on AI as the week witnessed interesting movements in the tech stocks, mainly triggered by heavy pledges by big brand names in artificial intelligence. Microsoft, Google, and Meta seem powerful candidates, with Nvidia leading the pack, while Meta saw a momentary dip of 19% in its shares after the

The concept of the Blockchain Estate Registry proposes a system where most transactions can be automatically verified and registered without human intervention.

Next week, $452.75 million in tokens will unlock. Optimism's native token OP unlock is a notable event. Continue Reading: Key Insights on Upcoming Optimism Token Unlock Event

The post Top 5 Altcoins to Stack in May for 10x Profits appeared first on Coinpedia Fintech News Almost halfway down in 2024, the major bullish catalysts, like the launch of Bitcoin Spot ETFs and the Bitcoin Halving, have played out. With the latter failing to boost the crypto market, Bitcoin and the altcoins are at a pivotal stage. Despite the downside risk, certain altcoins pose a bullish setup with an upside potential …

Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action.

Meme Coin Prediction 2024-2034 Amid the bustling market of cryptocurrencies, Memecoin (MEME) emerges as a standout contender, with market data pointing towards a promising long run. With its price hovering around $0.028 and the backing of a significant social media entity like 9GAG, MEME has garnered a substantial market capitalization of roughly $346 million, alongside

Chainlink Price Predictions 2024-2033 No one can say if—and when—the crypto winter is ending. However, some successful strategies can be regarded as “green shoots” to create hope for the crypto industry. According to a CoinShares report, ETH witnessed three consecutive weeks of inflows after 11 straight weeks of sell-off. Fear not, and let’s explore Chainlink Price

Ethereum (ETH) gas fees dropped to $1.12 per transaction on April 27, a level previously visited on October 18. This … Continue reading The post Buy signal for Ethereum as gas fees drop to 6-month low appeared first on Finbold .

The post BlackCard and BcCoin Experience Remarkable 4000% Value Surge Within 30 Days appeared first on Coinpedia Fintech News The relentless hard work has finally paid off, leading to a highly successful debut in the market. BlackCard Credit Card is introducing the BcCoinToken. The AI technology enables you to effortlessly spend your cryptocurrency anywhere traditional debit cards are accepted. Say goodbye to limitations and embrace the freedom to use your digital assets for daily …

The founder of Io.net will host a livestream on April 28 to demonstrate live cluster creation and rest the fear, uncertainty and doubt.

The post Top 3 Cryptos Guaranteed To 10X Your Investment: Dogecoin (DOGE), Shiba Inu (SHIB), And ETFSwap (ETFS) appeared first on Coinpedia Fintech News Dogecoin (DOGE), ETFSwap (ETFS), and Shiba Inu (SHIB) are three distinct cryptocurrency investment avenues that investors are currently watching closely for potential bullish waves. With the crypto bull market fast approaching and market trends constantly changing, many investors are increasingly on the lookout for crypto assets that have the potential for exponential growth. ETFSwap (ETFS) …

This week marked the launch of Grayscale’s newest Bitcoin offering with the lowest-ever fee to win back investors after experiencing significant outflows totaling billions of dollars from its Grayscale Bitcoin Trust. Let’s find out more.

This fall, Dulwich London features a brand new Alleyn’s school’s adoption of a bold learning initiative: a comprehensive artificial intelligence course known as “AiQ.” AI is apparently going to be more complex compared to the human mind. With the price tag of £26,000 annually, an institution has created the course, which helps students from the

TLDR Milei Moneda ($MEDA) offers investors an exciting investment opportunity. Experts believe Ethena (ENA) could regain ground lost during the last slump. Analysts predict more gains for Toncoin (TON) in The post Experts Call Potential 100% Returns As Investors Book Promising Profit Margin On $MEDA Presale; Price Fluctuates On Ethena And TON appeared first on BitcoinWorld .

As the digital currency market evolves, blockchain technology serves as the foundation for major cryptocurrencies like Bitcoin, enabling decentralized transactions. However, the increasing demand for faster and more scalable solutions has highlighted the limitations of traditional blockchain technology. Directed Acyclic Graph (DAG) technology emerges as a compelling alternative, offering enhanced scalability and transaction speed that The post Exploring Blockchain Evolution: BlockDAG Leads With A Bold $30 Valuation Forecast By 2030, Surpassing TRON And Shiba Inu appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Lookonchain has revealed insights into what might be new transactions by Justin Sun, founder of the TRON blockchain. Whale transactions are very rampant in the crypto industry. It is common practice for on-chain analytics platforms and cryptocurrency investors to keep a careful eye on the buying and selling activity of whales, as their movement tends

Forbes analysts have expressed concerns around ADA, ETC, and XRP, suggesting that they are "zombie" tokens.

Is Bitcoin bull run over? This signal suggests that major price correction could be on cards

Christian Langalis is anticipated to receive roughly $875,000, equivalent to 13.6 BTC, after Scarce.City deducts its 15% fee.

Check out the analyst's prediction on XRP as Solana begins to fall and KangaMoon continuously rises#sponsored

Raffle Coin's presale forecasts a staggering 5,000% growth, attracting TRON and Chainlink enthusiasts eager for May's lucrative opportunities The post Raffle Coin’s Presale Predicts 5,000% Growth, Sparking Interest Among TRON and Chainlink Enthusiasts During May appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Chainlink & Terra investors target Fezoo Exchange presale for high-yield opportunities amid market shifts, setting the stage for transformative gains The post Chainlink & Terra Investors Zone in on Fezoo Exchange Presale, Eyeing High-Yield Opportunities Amidst Shifts appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Ethereum seeing outflow of whales from Binance

Bitcoin price struggles below $64,000 amid investor concerns. US GDP growth and inflation trends impact crypto predictions. Continue Reading: Insights on Cryptocurrency Trends and Economic Indicators

Litecoin (LTC) defied the overall sluggishness of Proof-of-Work (PoW) coins this week, climbing 4% to a two-week high of $86 on April 26. This surge has rattled short sellers and ignited a potential short squeeze, with analysts predicting a bullish run towards the $100 mark. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Litecoin Bulls Flex Their Muscle While other cryptocurrencies have struggled to gain momentum this week, Litecoin bulls have managed to push slightly ahead. This unexpected rally has added a significant $190 million to Litecoin’s market capitalization, showcasing a renewed investor interest in the digital silver. Market watchers attribute the surge to a confluence of factors. Firstly, a significant number of traders are betting big on Litecoin’s continued rise, evident in the overwhelming leverage applied in the derivatives market. Data from Coinglass reveals a bullish sentiment, with the value of long leveraged positions exceeding shorts by a notable margin. This optimistic outlook places immense pressure on short sellers, who stand to incur heavy losses if the price keeps climbing. Source: Coinglass Short Squeeze Looms As Price Eyes $100 The current price action suggests that a short squeeze might be brewing. Short sellers borrow LTC tokens, sell them at a higher price in anticipation of buying them back later at a lower price to pocket the difference. However, if the price goes up instead of down, they are forced to buy back LTC at a loss to cover their positions. This buying activity to mitigate losses further pushes the price up, creating a snowball effect. LTC is currently trading at $84.42. Chart: TradingView Analysts estimate that a mere 10% price increase, propelling LTC to $96, could trigger liquidations worth $16 million for short sellers. Conversely, bullish traders have amassed leveraged long positions exceeding $16 million around the current price point. This leverage disparity empowers the bulls to potentially drive the price towards the coveted $100 milestone in the coming days. Related Reading: The Machines Know: Bitcoin Primed For Epic Price Surge To $77,000 Volatility Ahead: A Word Of Caution While the short-term outlook for Litecoin appears optimistic, experts advise caution. The current rally seems primarily driven by speculation and leveraged trading, not necessarily by fundamental advancements within the Litecoin ecosystem. This dependence on market sentiment makes the price susceptible to swings. If the bullish momentum fizzles out, a price correction could trigger significant liquidations of overleveraged long positions, causing a reversal. The coming days will be crucial in determining whether the bulls can maintain control and propel LTC to $100, or if the bears regroup and trigger a reversal of fortunes. Featured image from Pexels, chart from TradingView

Paradigm Capital transferred 3,718 ETH to Anchorage Digital in the early hours of Sunday, April 28. The recent transaction marked Paeradigm’s first ETH transfer in the past three months. Ethereum claimed the largest share of Paradigm’s investment portfolio, with a balance of 83,518 ETH. Paradigm Capital, an employee-owned independent investment dealer, transferred 3,718 ETH to The post Paradigm Capital Moves 3,718 ETH to Anchorage Digital as ETH Rallies appeared first on Coin Edition .

Despite facing various challenges, Bitcoin maintained its position above $63,000 on April 26. Outflows from spot Bitcoin exchange-traded funds (ETFs), regulatory concerns, and scrutiny from U.S. senators did not deter its stability. Farside Investors reported that spot Bitcoin ETFs in the U.S. experienced a net outflow of $218 million on April 25, following a $120 million outflow the previous day. Franklin Templeton was the sole provider to register inflows on April 25, suggesting that the trend of withdrawals was not solely due to high fees at Grayscale GBTC. On April 25, U.S. Senators Elizabeth Warren and Bill Cassidy wrote to

The crypto market ended the week with various notable headlines, with Binance, Shiba Inu (SHIB), and Ripple (XRP) dominating trends over the last seven days. Binance founder faces a 36-month jail term New legal updates reveal former Binance CEO and founder Changpeng Zhao awaits sentencing for violating the United States’ money-laundering regulations. US prosecutors asked for a

Following Shiba Inu’s massive surge in late February and early March 2024, there has been speculation on the meme coin’s chances of reaching $0.01. The price surge instilled confidence among investors, leading to a resurgence of predictions for significant growth. The $0.01 target, once dismissed by some, has become a central point of conversation within The post Shiba Inu Top Official Sees SHIB Rising 40,238% appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

How software company's investment strategy has proved right

In their revolutionary study, researchers at the Massachusetts Institute of Technology (MIT) are actually training AI systems to mock and express hatred by using AI as a tool. The objective here is to create a sound plan for both detecting and curbing toxic content in media. This technology should be called CRT for short-term purposes.

Bitcoin price stands at $63,600 as of this writing. Major events in May could increase cryptocurrency volatility. Continue Reading: Key Price Predictions for Solana and Avalanche in May

As new Runes tokens dominated crypto, a proactive suit from Consensys against the SEC fostered a wartime mood among industry leaders.

The cryptocurrency market continues its wild ride in April 2024, with established players like Solana (SOL) and Cardano (ADA) holding strong positions. However, a new contender has emerged, grabbing the attention of bargain hunters: DTX. While DTX is still in Stage One of its presale, investors are already turning their attention to this project. DTX The post New Cryptocurrency Priced at $0.02 Joins Solana and Cardano as Top Picks for April 2024 appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Liquidity deposited to LSD protocols on the chain increased, but there is a drawback.

Ready To Fight (RTF) is the world’s first blockchain-based boxing ecosystem. It was co-founded by the world heavyweight boxing champion, Oleksandr Usyk, and his team director, Sergey Lapin, In an The post An Interview With Ready To Fight appeared first on BitcoinWorld .

ARB and WLD prices broke past critical points in the last 24 hours. ARB might rise to $1.27, or as high as $1.45 as bulls controlled the price action. The Fibonacci indicator suggested that WLD might hit a ceiling of $5.79. For the first time since April 24, the price of Arbitrum (ARB) rose past The post ARB, WLD Prices Surge In 24 Hours: Will Bullish Momentum Continue? appeared first on Coin Edition .

Franklin Templeton's Ethereum ETF is now listed on DTCC, hinting at possible SEC approval

SEC sends Wells Notices to crypto exchanges and Ethereum ecosystem. Legal battles could redefine the regulatory landscape for cryptocurrencies. Continue Reading: SEC Intensifies Legal Actions Against Crypto Exchanges and Ethereum

The announcement of the VFIN exchange has caused quite a hype in the crypto community, and many investors and trading experts are watching the project closely. One of the reasons for this hype is the fact that VFIN is a unique exchange that offers several features and functionalities rarely found at other exchanges under one …

In light of this, Shiba Inu community is asked to proceed with caution

UK law now lets police seize and destroy illegal crypto without prior arrests

Yuga Labs co-founder Greg Solano says the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) is trimming down its workforce. In a message to employees shared on the social media platform X, Solano says Yuga Labs will have to lay off some of its employees amid plans to make changes in the The post Yuga Labs Co-Founder Says Company ‘Lost Its Way,’ Announces Layoffs in Bid To Create New Cryptonative Team appeared first on The Daily Hodl .