NFT News by Thebittimes.Com

Avalanche (AVAX) has jumed 10% in the past 24 hours to break above $45.  As cryptocurrencies bounce, AVAX bulls could eye a breakout above $50. Meanwhile, the overalll bullish outlook has Pullix (PLX) attracting investors as its presale surpasses $1 million. Avalanche (AVAX) is looking to bounce above a key price level following Wednesday’s broader market surge . Meanwhile, investors hunting for the next breakout projects are increasingly finding Pullix (PLX) , a new crypto exchange and investment platform highly attractive. Pullix (PLX): the new hybrid exchange for DeFi Pullix ($PLX) is a new project that seeks to bring the benefits of a hybrid exchange to the online trading community.  An innovative “Trade-to-Earn” ecosystem stands out and could revolutionise the trading experience across crypto, particularly the decentralised finance (DeFi) market. The trading platform will incentivise users to provide liquidity, offering a r...

Binance abruptly halts AEUR trading. The euro-pegged stablecoin experienced an extraordinary 200% surge just one day after its listing. AEUR is supposedly backed by euro fiat assets. Binance has abruptly halted trading on the AEUR stablecoin , pegged to the euro, as its value soared over 200%. The unexpected surge on December 5 raised concerns, leading to a swift response from the exchange. This incident sheds light on the risks associated with stablecoin s, particularly those with lower market caps and liquidity. AEUR’s rollercoaster ride  The AEUR stablecoin, pegged to the euro at 1:1, witnessed an unprecedented surge of over 200% on Binance, just a day after its listing. Initially trading around $1.08, mirroring the prevailing EUR-USD rate, the token’s value skyrocketed to $3.25 at 17:45 UTC. Binance promptly suspended trading due to “abnormal volatility,” indicating concerns about the stability of the coin. #Binance ha...

Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000. Ether (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether's price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improved decentralized applications (DApps) metrics, increased protocol fees, and Ethereum's dominance in the non-fungible token (NFT) market. To assess whether Ether can sustain its $2,000 price point, one must consider the repercussions of Binance's recent regulatory challenges following its plea deal with the U.S. Department of Justice (DoJ). Investor fear drops as Ethereum network conditions improve Binance leads in Ether spot trading volume, accounting for 30% of ETH futures contracts' open interest. The closure of Binan...

CoinShares reports a $293 million surge in crypto investment s, hitting $1.14 billion. The rise is attributed to the potential listing of a spot-based Bitcoin ETF. Looking at the last two weeks, the European crypto asset manager suggests this is a real turnaround in sentiment, which may result from the recent spot-based ETF listing request. The CoinShares report, dated Nov. 13, highlights that digital asset investment product s saw inflows of $293 million, extending the consecutive run to seven weeks and surpassing the $1 billion milestone. The total amount now stands at $1.14 billion, marking the third-highest annual inflow on record.  You might also like: CoinShares reports total inflows in 2023 have now surpassed 2022 Moreover, this influx of funds, coupled with price appreciation, has led to a 9.6% increase in total assets under management (AuM) over the past week and a 99% surge since the beginning of the year. As a result, the total AuM has reached $44.3 billion, ...

The crypto market is a whirlwind of activity, such as the surge in the prices of Solana and Decentraland. Additionally, InQubeta has been making incredible strides in its presales, raising over $3.5 million to date. In this article, we will delve into the driving factors behind the uptrend of these top altcoins, Solana and Decentraland. In addition, we will explore the upward trajectory of InQubeta and why it is a top ICO (initial coin offering) project to look out for. InQubeta: astounding presale success InQubeta ($QUBE) represents a unique idea on the blockchain thanks to its blend with AI. By leveraging the power of blockchain technology, it seeks to disrupt the AI industry by reshaping its fundraising landscape. In addition, it also intends to democratize access to the lucrative AI market by lowering entry barriers. Therefore, it is unsurprising that over $3.5 million has been raised in its presale, highlighting a vote of confidence in its fundamentals and...

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...

The first quarter of 2023 saw Bitcoin outperform traditional assets after a 72% quarterly gain in market capitalization. The cryptocurrency ecosystem has enjoyed a buoyant start to the year as Bitcoin (BTC) and decentralized finance (DeFi) protocols surge in market capitalization through the first quarter of 2023. These are the key takeaways from the first quarterly Crypto Industry Report published by CoinGecko on April 18. BTC emerged as the best-performing asset of Q1 2023, with gains of 72.4%, outperforming the likes of the NASDAQ index and Gold which marked 15.7% and 8.4% gains, respectively. The report highlights that all major asset classes saw gains through the first quarter of the year, barring crude oil, which dropped by 6.1%. This decline was attributed to United States inflation data which cited a reduction in oil demand and ill effects of the U.S. banking crisis. Bitcoin has been the best performing asset through the first three months of 2023. Source: CoinGecko 2023 Q1 Cr...