NFT News by Thebittimes.Com

Bitcoin’s weekend trading has dropped to a record low of 16% this year, down from 28% in 2019, due to the rise of Bitcoin ETFs. Approved by the SEC in early 2024, these ETFs have driven Bitcoin to a record high of $73,798 in March. Unlike traditional crypto exchanges, Bitcoin ETFs follow the stock market schedule, eliminating weekend trading and reducing price volatility, aligning Bitcoin’s trading patterns more with traditional equities. The collapse of crypto-friendly banks like Silicon Valley Bank in March 2023 lowered weekend trading volumes. Without 24/7 payment networks, market makers are less inclined to provide weekend liquidity. This shift reflects Bitcoin’s maturation as an asset, with volatility dropping to 40% after its March peak, compared to over 106% during previous highs. Biggest Crypto Gainers Today – Top List As Bitcoin’s market structure evolves into a more stable and predictable investment, other cryptocurrencies are making remarkabl...

An anonymous Bitcoin donor has reportedly paid $520,000 for Julian Assange’s private jet following his release this week. The total cost was paid for through 8 BTC to help the WikiLeaks co-founder return home after a 14-year extradition fight with the US. Assange was officially released from a Belmarsh prison in the UK on June 24th. The Australian editor reached a plea deal with the United States and was able to travel by private plane to Saipan, a US territory in the Mariana Islands. JUST IN: Anonymous #Bitcoin donor pays for Julian Assange's $520,000 jet after his release. pic.twitter.com/hzhhX02UPc — Watcher.Guru (@WatcherGuru) June 26, 2024 Also Read: Bitcoin In Oversold Territory, Good Time To Buy: Says Analyst Anonymous Donor Gives $500,000 in BTC to Julian Assange After Release Source: Pixabay In what is a miraculous display, one anonymous Bitcoin donor paid more than $520,000 for Julian Assange to travel by private jet. The donation allowed the now-free Assange to av...

Bitcoin’s (BTC) momentum has faded with a crash to a key support level of $60,000, pressured by huge sell-offs. Looking for insights, Finbold consulted the newest and allegedly superior artificial intelligence (AI) model, Claude 3.5 Sonnet. Notably, Claude 3.5 Sonnet predicts Bitcoin will trade between $85,000 and $95,000 by the end of 2024. For this analysis, the advanced AI considered the overall data it was trained with, plus a bullish and bearish context. The Anthropic‘s flagship product, designed to beat OpenAI‘s ChatGPT-4o, lists seven key factors for this price target. In particular, the halving event, institutional adoption, macroeconomic factors, regulatory environment, technical Analysis , market sentiment, and supply dynamics. Picks for you Here's when XRP will reach $0.7, according to analyst ...

Justin Bons, Founder and CIO of Cyber Capital Europe’s oldest cryptocurrency fund, criticized the current dominant finance model in the cryptocurrency market based on Venture Capitalists’ (VCs) fundraising. According to Justin Bons, cryptocurrencies are currently dominated by “predatory VCs.” This situation, according to Bons, stems from regulatory pressures that have made Initial Coin Offerings (ICOs) effectively illegal, handing over the entire early-stage market to VCs. Previously, Finbold reported another analyst sharing a similar view about the topic. Miles Deutscher highlighted these new fundraising dynamics as one of the “fundamental flaws” preventing crypto currencies from reaching higher grounds. Picks for you Solana vs. Avalanche: Will AVAX's steady rally overtake SOL's FOMO surge? ...

It’s been a whirlwind 24 hours for Notcoin, which is up 15% and leading the crypto market’s recovery. Will this momentum continue for the Play-to-Earn (P2E) phenom? Notcoin Price Begins to Rally as Airdrop Window Closes Time has passed for potential Notcoin airdrop claimants to secure their tokens, and the market has reacted with an influx of buy-side demand. As a result, the NOT price has jumped 15% today. It is also up 5% this week and 212% this month. It is currently priced at $0.016. NOT holds a $1.6 billion market cap and $527 million 24-hour trading volume, up 45% today. Many would-be investors had held off until the airdrop claim period closed, hoping to snipe a lower price o...

This week, a chart circulated that appeared to show stablecoin volume on the Solana blockchain declining over 90% since a series of bad events at Jump Crypto, one of Solana’s biggest trading shops.  However, whether or not Jump decreased its Solana trading activity, the claim that stablecoin volume is down 90% falls apart quickly on semantics alone. Before addressing that issue, here’s a quick summary of recent events at Solana and Jump Crypto: The CFTC launched an investigation into Jump Crypto, one of Solana’s biggest traders. The leader of Jump Crypto, Kanav Kariya, suddenly left the company. Pump.fun, a Solana meme coin generator, has gone viral, platforming countless celebrity rug-pulls. Solana announced two new types of on-chain transactions, ‘Blinks’ and ‘Actions.’ Both are non-financial codes that allow people to transact on Solana’s blockchains directly from websites and social platforms by clicking simple buttons like ‘Share’ o...

Despite the Bitcoin Halving and approval of an Ether ETF, the Fear/Greed score in the crypto market has plummeted to 89, largely influenced by reduced transaction volumes. This decline in activity has corresponded with decreased trading volumes, prompting investors to reassess their portfolios amid the sombre market sentiment. Despite challenges, investors remain determined to identify cost-effective entry points into the market. A growing number of people are uncovering promising investment opportunities by concentrating on affordable tokens. This article presents a curated selection of cryptocurrencies deserving of investors’ attention. 5 Best Cheap Crypto to Buy Now Under 1 Dollar This review offers essential insights for investors seeking to assess the growth potential of various tokens. Several tokens, such as Tron, eCash, Oasis, and Brett (Based), are currently witnessing upward trends, presenting investors with opportunities to enter the market. Meanwhile, 99Bitcoins ...

Fuse Network, a leading blockchain platform, has announced the Fuse Summer 2024 Hackathon event, according to the latest updates shared with Finbold on June 26.  This virtual event is scheduled to run from July 1 to July 21, 2024, and will feature developers, innovators, and blockchain enthusiasts from around the world, each showcasing their creativity and technical prowess. The Summer 2024 Hackathon layout The Hackathon kicks off with an opening ceremony on July 1 at 1:00 PM UTC, featuring special guest Mark Smargon, CEO of Fuse. Picks for you Anonymous $500k in Bitcoin paid to secure Julian Assange's freedom 22 mins ago Bybit presents the “Grow Your Ethereum Portfolio Masterclass” livestream 2 h...