NFT News by Thebittimes.Com

On November 5, the Bitcoin  price exhibited a sharp bullish trend, following the bullish breakout of descending triangle pattern. So far, BTC is up more than 5% to $21,375, and the technical outlook is signaling more upside potential.  Similarly, Ethereum is following in the footsteps of Bitcoin, rising more than 6% in the last 24 hours to trade at $1,645 as a lower unemployment rate may signal a slower rate hike.  The global cryptocurrency market cap remains above $1 trillion, sending major cryptocurrencies into positive territory early on November 5. However, the total crypto market volume has remained positive in the last 24 hours, reaching $102 billion. The United States added 261,000 jobs in October, which was significantly better than predicted, given the continuing slowdown in the job-creation rate.  While this was happening, average hourly earnings were also trending upward, a sign of sustained inflationary pressu...

During the European session, the Bitcoin price prediction remains bullish following the Federal Reserve's interest rate decision.  After three consecutive "jumbo" rate hikes of 0. 75 percentage points each, the Federal Reserve finally announced another rate increase on Wednesday, this one a full 0. 75 percentage points higher in an effort to slow inflation. While a rise in interest rates can reduce inflation by discouraging consumers from taking on new debt, it will also increase the debt service payments of Americans who are already struggling to keep up with the rising cost of living, which includes food, clothing, and shelter. Consumer Price Index numbers show that year-over-year inflation has remained persistently high, falling from a June high of 9.1% to 8.2% as of September. That's far more than the 2% inflation target set by the government. Bitcoin Price Prediction – How High Can BTC Go as it Pumps Past $20,000? With a 24-hour trading v...

During the European session, Bitcoin remained bullish, having gained less than 0.5% in the last 24 hours to trade at $20,600. Although October is usually a positive month for Bitcoin, the slow start to the month and continuation into the last week of the month eventually triggered an upward trend. During the Asian session, the cryptocurrency market took a sharp upward swing, and this negative attitude swiftly evaporated. With Wednesday's trade coming to a conclusion, BTC's price had risen above $20,000 for the first time. However, what does rejection at $21,000 imply? Messina Group CEO Bets Porsche Bitcoin Will Return to $60K Jim Messina, CEO of consultancy firm The Messina Group, shared his optimistic outlook on cryptocurrencies and Bitcoin in particular on Wednesday (October 26).  On Fox Business, when Bitcoin was trading at around $20,000, the ex-White House deputy chief of staff discussed cryptocurrencies. Messina made the following comments about dist...

During the Asian session, the Bitcoin price is on a bullish streak, rising more than 4% to $20,260. In contrast, Ethereum is on a tear, rising more than 10% in the last 24 hours to trade at $1,485. Major cryptocurrencies were trading in the green early on October 26 as the global crypto market value gained nearly 5% in the previous day to $976 billion. The overall crypto market volume, on the other hand, increased over 69% in the last 24 hours to $89.24 billion.  DeFi's total volume is currently $3.66 billion, accounting for 4% of the overall crypto market 24-hour volume. The overall volume of all stablecoins is now $80.85 billion, accounting for 90% of the total 24-hour volume of the crypto market . Let's take a look at the top winners and losers so far today. Top Altcoin Gainers and Losers The top performers in the Asian session were Toncoin (TON), Lido DAO (DAO), and Ethereum Classic (ETC). Toncoin price is up more than 21% to $1.80, while DAO is up nea...

On October 24, the Bitcoin  price showed a bearish correction after getting rejected at the $19,700 resistance mark. In contrast, Ethereum is rising, gaining over 2% to $1,347 during the early Asian session. Major cryptocurrencies were trading bullish early on October 24, with a global crypto market cap of $931 billion on the previous day with a trading volume of $479 billion.  Let's take a look at the top winners and losers so far today. Top Altcoin Gainers and Losers The top performers in the Asian session were Klaytn (KLAY), Polygon (MATIC), and TerraClassicUSD (USTC). Klaytn (KLAY) is up more than 25% to $0.18, while MATIC is up more than 6% to $0.88. At the same time, USTC has surged more than 6% in the last 24 hours. Top Altcoin Gainers and Losers - Source: Coin360  In the last 24 hours, the price of The Chain (XCN) has dropped by more than 3% to $0.05. The price of Axie Infinity (AXS) has dropped more than 2% to around ...