NFT News by Thebittimes.Com

As the highly anticipated Bitcoin halving event approaches, cryptocurrency investors and enthusiasts are eagerly seeking opportunities to maximize their potential gains. While Bitcoin remains the undisputed king of cryptocurrencies, there are other coins that have the potential to deliver significant returns during this crucial period. I In this article, we will explore three cryptocurrencies that you should consider adding to your portfolio before the Bitcoin halving: Bitcoin (BTC), Solana ( SOL ), and Shiba Inu (SHIB). Also read: How High Can Ethereum (ETH) Rise In April? Bitcoin (BTC) Bitcoin is a must-have for any investor during the halving period. As the pioneer of blockchain technology, Bitcoin has established itself as a store of value and a hedge against traditional financial systems. With a current price of $69,883.44 and a 2.14% drop in the last 24 hours, Bitcoin boasts an impressive market capitalization of $1,374,456,029,885, SOL idifying its position...

Bitcoin vs. Ethereum: read our exploration of the key differences, Features , performances, and prospects. Cryptocurrency has changed the financial landscape, with Bitcoin (BTC) and Ethereum (ETH) emerging as two leading players in the space. In this comprehensive comparison , we will delve into the key differences between Bitcoin and Ethereum, exploring their Features , recent performances, and prospects. Understanding the nuances of these cryptocurrencies is crucial for investors, developers, and enthusiasts alike, given their significant impact on the digital economy. Understanding Bitcoin and Ethereum In the world of crypto, BTC vs ETH has become a never-ending debate. The dynamic duo have common characteristics but also bear significant differences.  Users can store both in virtual wallets and identify them by unique alphanumeric addresses. While the two can be bought and sold on various online exchanges, neither of them is controlled or regulated by financial institutions ...

Bitcoin experienced its first-ever halving 11 years ago today, and since then, its price has soared from $12 to its current price of $37,000. Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving , it’s timely to revisit some of Bitcoin's historical milestones ahead of the next halving expected in April 2024. The first Bitcoin transaction occurred nearly 15 years ago on Jan. 3, 2009, a few months after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, published the Bitcoin white paper in October 2008. On Nov. 28, 2012, or three years and ten months after Bitcoin’s initial block was mined, the first-ever halving event took place. At the time, BTC traded at just around $12, according to data from StatMuse, or 308,200% below Bitcoin's current price, according to data from CoinGecko. Though Bitcoin halving — as well as the digital currency...

As Bitcoin’s dominance rises, it could hint at a bullish wave of BTC price amid 2024 halving and geopolitical issues. We asked experts to get insights. Bitcoin’s (BTC) dominance represents the proportion of the total cryptocurrency market capitalization that belongs to Bitcoin. It acts as an indicator that crypto traders can use to assess market conditions. Recently, this dominance metric rose above the 50% mark once more, turning heads in the crypto community, especially with the anticipated 2024 halving. BTC dominance chart | Source: CoinMarketCap To give you perspective, in January 2021, Bitcoin towered with an impressive 70% market dominance. However, by May, it faced a sharp decline, slipping to 40%. Numerous other cryptocurrencies achieved record highs as funds shifted from Bitcoin to altcoins.  From May 2021 to November 2022, Bitcoin’s dominance was between 38-40%. A notable shift in this narrative came after the FTX collapse, with Bitcoin once again asserting i...

A popular Bitcoin price model returns to center stage as BTC’s next halving approaches. Bitcoin is struggling to reclaim its psychologically important level of $30,000 as analysts predict that choppy accumulation may last for months. Bitcoin (BTC) soared to a new yearly high of over $31,800 on July 13, driven by optimism surrounding the potential approval of exchange-traded funds (ETFs) in the United States and Ripple’s landmark legal victory in its case against the U.S. Securities and Exchange Commission regarding the classification of XRP (XRP) as a security. However, five days after the pump, BTC closed below $30,000 as buyers struggled to push the price back above the crucial support level. Despite Bitcoin’s price showing weakness in the short term, historical on-chain movements and empirical data suggest that the worst days of the bear market are likely over. Long-term holders are unmoved, but short-term investors could sell Glassnode’s latest report shows that Bitcoin’s price ac...

Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is. The downfall of FTX and a number of other CeFi platforms in 2022 has reinforced a Bitcoin maximalist narrative, according to which most of the crypto ecosystem will eventually collapse due to its centralization.   Jeff Booth, Bitcoin proponent and author of "The Price of Tomorrow", believes centralized crypto platforms such as FTX and Celsius have ended up replicating the traditional financial system with all its inherent flaws. "All of crypto is trying to rebuild a financial system that we already have based on manipulation and centralization," said Booth, in an exclusive interview with Cointelegraph. Even Defi platforms, which seek to provide a peer-to-peer, trustless alternative to traditional financial services, are bound to fail, according to Booth, since they are being built on protocols tha...