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Cryptocurrency Market News – Page 59 – BitcoTasks BLOG
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Forget Q1 Slump: Solana Explodes Over 300% Amid DEX Boom

Cryptocurrency Market News

In the first quarter of 2024, Solana became the clear leader thanks to a notable increase in the amount of Decentralized Exchange (DEX) and Decentralized Finance (DeFi). In addition to its remarkable rise in DEX and DeFi sectors, Solana’s dominance was further solidified by its scalability, low transaction fees, and robust infrastructure. The massive increase…

Forget Q1 Slump: Solana Explodes Over 300% Amid DEX Boom Read More »

Breakout Of The Year? Crypto Analyst Predicts Where NEAR Is Headed Next

Cryptocurrency Market News

The price of Near Protocol’s native token, NEAR, has been on an upward momentum recently, with a crypto analyst projecting further price increases and suggesting that the coin could see a surge to more than $10 soon. Near Protocol Price Poised For $10 Surge Popular crypto trader and analyst, identified as Bluntz on X (formerly…

Breakout Of The Year? Crypto Analyst Predicts Where NEAR Is Headed Next Read More »

Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow

Bitcoin

The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further bolstered by three consecutive sessions of net inflows into these investment vehicles. Bitcoin ETF Inflows Signal Long-Term Investor Appetite A…

Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow Read More »

Is Not Holding ADA A ‘Red Flag’? Cardano’s Founder Thinks So, Community Pokes At Solana

Cryptocurrency Market News

Cardano (ADA)’s founder is a man of many words and many GIFs. Charles Hoskinson’s comments, whether you agree or disagree with them, tend to spark discussions in the crypto community. Hoskinson’s latest X reply spree covered issues from dating advice to his confidence in the ecosystem to Solana’s recent struggles. As a result, several conversations…

Is Not Holding ADA A ‘Red Flag’? Cardano’s Founder Thinks So, Community Pokes At Solana Read More »

Solana Primed For Takeoff? Expert Analysis Points To Buying Opportunity

Cryptocurrency Market News

Solana (SOL), a prominent player in blockchain technology, finds itself at a crossroads. While crypto analyst Altcoin Sherpa remains bullish on its long-term potential, recent price drops and a surge in failed transactions raise concerns. Is Solana Poised For A Major Rally? Sherpa, known for simplifying complex investment strategies, suggests a buying range of $168-208…

Solana Primed For Takeoff? Expert Analysis Points To Buying Opportunity Read More »

Dogecoin Deflates: What’s Behind The 20% Price Drop Amidst Memecoin Mania?

Cryptocurrency Market News

Dogecoin (DOGE), the Shiba Inu-themed memecoin, finds itself in a curious situation. While the number of holders and overall interest in DOGE surges, its price has experienced a significant drop in the past week. This inconsistency reflects the broader volatility of the memecoin market, currently experiencing an influx of novice traders. IntoTheBlock, a blockchain analytics…

Dogecoin Deflates: What’s Behind The 20% Price Drop Amidst Memecoin Mania? Read More »

Trouble Ahead? Binance Coin Futures Market Under Pressure With Negative Funding Rates

Cryptocurrency Market News

The outlook for Binance Coin (BNB) has turned cloudy, with both futures market data and technical indicators flashing bearish signals. Based on our analysis of Coinglass data, negative funding rates and declining open interest in BNB futures contracts paint a picture of growing pessimism among traders. A negative funding rate suggests that more traders are…

Trouble Ahead? Binance Coin Futures Market Under Pressure With Negative Funding Rates Read More »

US Govt Moves $90 Million in Bitcoin, ETH From Estonian Scammers

Breaking News Ticker

In the early US hours, Arkham Intelligence reported that the United States government had transferred over $90 million worth of Bitcoin and Ethereum, previously seized from two Estonian nationals involved in a vast cryptocurrency fraud and money laundering scheme. This move captured the attention of the cryptocurrency community, just days after the transfer of approximately…

US Govt Moves $90 Million in Bitcoin, ETH From Estonian Scammers Read More »

XRP Battle Cry: Must Rally 70% To Reconquer $1 Peak After Market Turmoil

Cryptocurrency Market News

The price of XRP, the native token used on RippleNet for cross-border payments, has remained stubbornly below the coveted $1 mark for months. This, despite a broader cryptocurrency bull run that began roughly six months ago. While some analysts predict a swift surge to bridge the gap, others remain cautious due to ongoing legal battles…

XRP Battle Cry: Must Rally 70% To Reconquer $1 Peak After Market Turmoil Read More »

Fake NFT Project Hack? CTO Vanishes After Allegedly Stealing 94 SOL

Cryptocurrency Market News

A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew. Nuddies NFT, A Hack Or Rug Pull? On-chain sleuth ZachXBT revealed the…

Fake NFT Project Hack? CTO Vanishes After Allegedly Stealing 94 SOL Read More »

Wormhole $617M Airdrop Ignites Valuation Surge To $3B, But W Price Stumbles 23%

Cryptocurrency Market News

Wormhole, a cross-chain communication protocol enabling the transfer of assets between blockchains, recently launched an airdrop campaign for its newly issued governance token, W. Early users were rewarded with 617 million W tokens, and the protocol also released a roadmap outlining its plans. Wormhole Protocol Unveils Roadmap According to the protocol’s roadmap, W aims to…

Wormhole $617M Airdrop Ignites Valuation Surge To $3B, But W Price Stumbles 23% Read More »

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