NFT News by Thebittimes.Com

The market saw a major change in dynamics as Nvidia [NVDA] took over Microsoft [MSFT] as the most valuable firm. The chipmaker recorded a 3.6% surge in its stocks which pushed its market cap to $3.34 trillion. Microsoft’s market value was at $3.32 trillion. The latest rise comes from the increasing demand for its chips that are heavily being used in the AI sector. But this significant spike was believed to be bearish for Bitcoin [BTC]. # Nvidia is now the world's most valuable company, with a market cap of $3.34 trillion, exceeding the GDP of all but 5 countries. Soon only the U.S. & China will have GDPs greater than $NVDA's market cap. Each NVDA GPU contains from .1 to .3 grams of #gold. They contain zero Sats. — Peter Schiff (@PeterSchiff) June 18, 2024 Peter Schiff, a prominent critic of the crypto currency market pointed out how the graphics processing unit [GPU] that was produced by Nvidia had some gold in it. But it did not contain sats. The comp...

Becoming a millionaire is undoubtedly a dream that several investors aim to achieve. While some follow an array of strategies, a few put all their eggs into one basket. Nevertheless, renowned financial author Robert Kiyosaki revealed an investment tool that is the most accessible way to achieve millionaire status. The author highlighted the simplicity and potential of investing in Bitcoin [BTC] when compared to the traditional path. The “Rich Dad Poor Dad” author has time and again shared predictions about Bitcoin with his X followers. More recently, he forecast that Bitcoin could rise to a high of $350,000 by August 2024. Even though his predictions are far-fetched, it instills a sense of optimism in the market. On June 11 he tweeted, BITCOIN is the easiest way to become a millionaire. Making millions as an entrepreneur is hard. I know. You have to be really smart, dedicated, and lucky to become a millionaire starting your own business. I save Bitcoin because Bitco...

Sui price rose more than 11% as Bitcoin and Ethereum declined below key levels. SUI gains after ByteDance subsidiary BytePlus chose to enter Web3 via the Sui blockchain. Sui (SUI) traded higher today despite a broader crypto market downturn that saw Bitcoin dip below $61k and Ethereum fall below $3,000. While Sui price remains below the recent peak above $2.17, its surge to $1.27 in the past 24 hours represents gains of more than 11% and better than most altcoins in the top 100 by market cap. Why is SUI price up as altcoins dip? On April 17, the Sui team announced that BytePlus, a subsidiary of the technology firm ByteDance, had joined the crypto network as it makes its Web3 debut. 🚨BREAKING: BytePlus, the enterprise technology arm of ByteDance (the company behind @TikTok_US), is coming to Sui! pic.twitter.com/GtutYyFI5X — Sui (@SuiNetwork) April 17, 2024 BytePlus is expected to collaborate with Mysten Labs to bring its gaming and social ...

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...

Leading cryptocurrencies are portraying their trading valuations in red after the latest FOMC minute meetings reveal. The minutes suggest a hike in interest rates, putting pressure on investors to sell back their crypto holdings. Bitcoin has been treading carefully, holding its position at $51,000; however, BTC has noted a dip of 0.77% at press time.  Ethereum and Ripple are also holding their ground steady but have documented a price fallback of 2.33% and 2.38% in the last 24 hours, respectively.  Also Read: VanEck Spot Bitcoin ETF Trading Volume Surges 14x Today Could Bitcoin fall below $50,000? The renewed interest in the cryptocurrency market, fueled by the ongoing ETF hype, has been driving the overall momentum of the crypto market.  However, the potential fear of a sell-off triggered by the FOMC minutes has cautioned investors to some extent.  Judging by the technical indicators, Bitcoin’s relative strength index has already noted a sell...

The new BRICS member Ethiopia is signing Bitcoin mining deals with its alliance partner China. The Ethiopian State Electricity Company launched affordable hydropower to attract foreign investments into the country. Ethiopia’s pursuit for foreign exchange currencies netted China’s interest making the two BRICS countries sign a Bitcoin miners deal. China found Ethiopia’s hydropower electricity affordable and lucrative, attracting the perfect opportunity for Bitcoin miners. Also Read: BRICS : US Dollar Ranks 10 Out of 180 Global Currencies BRICS member Ethiopia is the first African country to take precedence over concerns raised by climate change activists. The deal has positioned Ethiopia to be among the leading destinations for Bitcoin mining and BRICS is making the most of the situation. BRICS Starts Bitcoin Mining: China’s BTC Miners Find Haven in Ethiopia Source: chinaobservers.eu A Bloomberg report sheds light that 19 Bitcoin miners from China ...

The fourth Bitcoin Halving is expected to come soon, with less than 10,000 blocks remaining. As the 2024 halving itches closer, asset management firm, and BTC ETF provider, Grayscale says that this one will be different than previous. Their study shows that this halving may propel the asset to levels not seen before. Grayscale’s Michael Zhao highlights how the Bitcoin Halving will impact the market in a report published on Feb. 9, 2024. In the report, Zhao suggests that blockchain innovations and positive market structure updates will sustain and even boost Bitcoin’s value. Source: bitrates.com For context, Bitcoin halvings occur after every 210,000 are mined, which usually happens every four years. Despite miners losing 50% of their reward income, they are optimistic that the halving will still reap overall profits and rewards due to the increase in BTC price and use in the U.S. “Beyond the obvious supply impact, the notable excitement and anticipation around Bi...

El Salvador, in collaboration with Tether, has launched a distinctive citizenship-by-investment initiative targeting affluent investors interested in Bitcoin and Tether. The “Adopting El Salvador Freedom Visa Program” proposes granting up to 1,000 citizenships to individuals willing to invest a substantial $1 million in either Bitcoin (BTC) or Tether (USDT) within the country. However, the program’s ambition comes with a considerable price tag compared to similar initiatives in neighboring Caribbean nations. Details of the Program Announced by El Salvador’s government in partnership with Tether on Dec. 7, the program aims to attract investors to bolster the country’s economy. Participants are required to make a $999 nonrefundable deposit, serving as the initial step toward the total $1 million investment. If all available spots are filled, the program has the potential to generate a substantial $1 billion for El Salvador. Tether Powers El Salvador's V...

Bitcoin price hit $30,369 on Saturday, its highest level since July. While bulls could push higher in coming weeks, the immediate outlook suggests a bearish flip. Crypto analyst Ali points to the TD Sequential indicator as hinting at a sell signal. Bitcoin price rose to its highest level since July when it broke above $30k to reach highs of $30,369 on Saturday. BTC is indeed looking for its fourth-biggest weekly gains year-to-date. However, although the benchmark crypto trading around $29,950 at the time of writing, an analyst says further retreat is possible given the potential for a key bearish signal .On the upside, market observers see a flip and weekly candle close above $31k as what bulls need to take control of the prevailing volatility. BTC price shows sell signal According to crypto analyst Ali, the potential for a head-and-shoulders pattern for BTC on the daily chart has received greater attention across the market. And in a chart shared on X on...

Bitcoin, the pioneering crypto asset, has captivated the financial world since its inception. While its foundational principle is decentralization, it is widely acknowledged that a few entities and individuals wield considerable influence over this digital treasure. In this article, we will explore the intriguing realm of Bitcoin’s most substantial stakeholders and the narratives woven around their extensive holdings. However, this list is based on categories. Satoshi Nakamoto [Individual] Satoshi Nakamoto, an enigmatic persona within the crypto realm, commands profound reverence. As the pseudonymous creator behind Bitcoin, Nakamoto mined the inaugural Bitcoin block, the “genesis block,” in 2009. It is estimated that Nakamoto controls a remarkable 1.1 million BTC, securing their status as the most substantial known holder of this digital asset. Although the precise extent of Satoshi’s holdings remains a mystery, studies indicate that these funds were acquire...

As reported on Friday, movement to $35,000 and $38,000 would have been confirmed if BTC broke and upheld support above $32,000. advertisement With the pullback to $30,000 apparent, a shift in the technical outlook of the largest cryptocurrency boasting $586 billion and $7.5 billion in trading volume, is required to validate the uptrend to $35,000 and $38,000, respectively. Bitcoin Price Must Reclaim $30,200 Last week’s failure to reinforce a bullish grip on Bitcoin price saw a gradual retracement with coin-sweeping liquidity at $30,000. However, according to leading analysts like Michaël van de Poppe, most liquidity is situated in the lower support area around $28,000. The renowned trader and analysts told over 660k followers on Twitter that Bitcoin must “reclaim $30,200 and we’ll be good for continuation to the upside. Recommended Articles ...

Bitcoin has gained popularity over the years. The increased adoption has also made BTC a payment form that is utilized by several users. Even though there are numerous platforms that provide the service of buying, selling, and sending BTC, Cash App has really gained popularity. Even though the app is known as the “ Cash App ,” it provides users with the ability to send and receive Bitcoin. Let us look at how easy sending and receiving Bitcoin from the Cash App is. Before that, let us know what the app does. Also read: How to Stake XRP? What is Cash App? Source: Bitcoin Magazine The Cash App , which was formerly known as Square Cash, is a mobile payment service that was released in 2013. It was developed by Square, Inc., with its services available in the US and the UK. Using a smartphone app, users can send and receive money between and among friends, family, and companies. Peer-to-peer money transfers, the opportunity to buy and sell Bitcoin, a card to make purchase...

The cryptocurrency community has been eagerly waiting for the bull market. While several believed that we are already in a bullish market, a few others continue to remain skeptical awaiting Bitcoin’s bottom. Now, investors have managed to pocket an increased number of Bitcoins. Further estimating the possibility of a potential bottom, Glassnode’s latest report employed the supply dynamics of holders. Firstly, Glassnode labeled supply that is aged three months or less as Hot Money. Supply that is aged three months or more is called HODLer Money. The report further highlighted how wealth rotation from Hot Money to HODLer Money and vice versa occurs during different cycles of a market. For instance, wealth usually moves from Hot to HODLer Money during bear markets. During bull markets, the situation is the opposite. This is mainly a result of HODLers choosing to sell their assets at steep rates. Currently, wealth is being transferred from HODLer to Hot Money. This is further increasin...