Bitcoin
BlockJoy Introduces ‘BlockVisor 2.0,’ a Bespoke Solution for Blockchain Node Operators
Published
4 hours agoon
By
adminIn today’s issue: Privado ID, BlockJoy, Superstate, Phylax Systems, Mawari Network, Coinbase, Base, Soulbound, Termina, Nitro Labs, Deep Blue, Arbitrum, Ika, Sui, OKX Ventures, TOP, Folius Ventures, TON, Telegram, Nebra, Truflation, ALEX, XLink, NEAR, EtherMail, Unstoppable Domains.
Source link
You may like
US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year
Donald Trump celebrates Satoshi’s whitepaper anniversary
XRP Whale Dumps 31M Coins As Ripple Lawsuit Nears Major Decision
What are smart contracts? Types, benefits & use cases explained
US SEC Enforcement Costs Crypto Firms $400M Under Gensler
COIN a Buy despite Q3 revenue miss, analyst says
Bitcoin
Analyst Claims Ethereum ‘Isn’t Dying,’ Bitcoin Surge No Threat To Ether
Published
8 hours agoon
October 31, 2024By
adminThis week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. Today, the total market capitalization of the cryptocurrency market stands at $2.44 trillion, an increase of 1.61% from the previous day. Most of the digital assets are in the green zone meaning that their prices are rising and the outlook of the market is generally positive.
Related Reading
In this latest market frenzy, one storyline is attracting attention and some analysis: while Bitcoin is outperforming the rest and retesting $73,000, Ethereum is struggling to hit its target of $4,000. The diverging performances between the two top digital assets now serve as an interesting sub-plot to an exciting week ahead for the general cryptocurrency industry.
Ethereum And Bitcoin- A Contrasting Story Of Market Run
As the top two cryptocurrencies by market cap, it’s natural for analysts and observers to take a second look at Ethereum and Bitcoin. While both digital assets have notched some gains, with Bitcoin rising by 1.90% and ETH by 2.59%, they still paint contradicting storylines.
$ETH is moving according to plan but is underperforming BTC from the past few weeks.
With the momentum gained, it is looking ready to head past the $2800 resistance zone and start a parabolic move towards my target of $4000.
It’s time for ETH to outperform BTC. pic.twitter.com/4mK8DVMd2c
— Crypto General 🦄 (@DaCryptoGeneral) October 29, 2024
As the top crypto, Bitcoin has led the recent market rally, surpassing the psychological $70,000 level and hitting $72,459.92. Last Tuesday, BTC tested the $73k level again, and analysts expect it will record another all-time high soon.
In contrast, Ethereum’s run has been sluggish, falling short of expectations. While ETH joined other coins in a mini-rally this week, its current price of $2,687 is still far from the analysts’ target of $4,000.
ETH’s Recent Run- What Analysts Are Saying
The contrasting price runs and milestones for both top cryptos have attracted some attention. For most analysts, Bitcoin’s recent price performance validates its standing as the current top digital asset. Ethereum’s struggles to hit the elusive $4k have been criticized by some traders and analysts, with many stating that Solana is now “the next Ethereum.”
ETH is not dying.#ETH / #BTC is doing what it always does.
I think ETH/BTC bottoms this quarter and goes up in 2025.
Once ETH/BTC passes the 50D SMA, the bottom is in IMO.
Still a risk ETH/USD drops one more time in Nov/Dec but hedging makes sense pic.twitter.com/xAbg8Szi3N
— Benjamin Cowen (@intocryptoverse) October 30, 2024
However, a few analysts still defend Ethereum and expect the blockchain to rebound soon. Benjamin Cowen, the founder and CEO of ITC, took to Twitter/X to say that the Ethereum blockchain “is not dying.” In the same post, he shared that he expects ETH/BTC to bottom this quarter and will make a run next year.
Related Reading
ETFs Also Show A Similar Storyline
In addition to market prices, the spot ETFs market reflects Bitcoin’s overall strength and Ethereum’s recent struggles. According to recent data, Bitcoin ETFs attracted $870.1 million, compared to Ethereum’s spot ETFs’ $7.6 million.
While many are excited about Bitcoin’s next price move, some are paying attention to ETH. Ethereum is now on the analysts’ radar, and they are checking whether ETH can benefit from the same market factors pushing Bitcoin higher.
Featured image from Pexels, chart from TradingView
Source link
Some things in Bitcoin are just not up for debate.
The plural of bitcoin is also bitcoin— not bitcoins. (One bitcoin, two bitcoin, three bitcoin…) Bits is a better sub-denomination than sats. (100 sats is actually one bit, like a 100 cents is one dollar; being a wholecoiner makes you the Bitcoin-equivalent of a millionaire, as that would mean you have a million bits.) And October 31st is not Bitcoin’s birthday.
Bitcoin’s birthday is January 3rd. It says so right there in block 0: 2009-01-03 19:15:05 GMT +1. On that day Bitcoin’s blockchain launched, with 50 newly generated coins issued to Satoshi Nakamoto’s public key. (But from which Bitcoin’s creator cannot spend according to the protocol rules; since Satoshi was the only person who could have created the genesis block, that would have effectively constituted a 50 BTC pre-mine.)
Yes, Bitcoin was first proposed through Satoshi’s white paper on October 31, 2008. But you don’t celebrate your birthday on the day your mom told your dad she wanted to have a kid. Nor do you celebrate it on the day your parents conceived you, or on the day they announced you to the world via a gender reveal party.
You celebrate your birthday on the day you were born, and the same is true for Bitcoin. January 3rd.
Happy Bitcoin White Paper Day.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Source link
Bitcoin
BTC Prices Take Breather as Exchange-Traded Funds Record Another Day of Monster Inflows
Published
20 hours agoon
October 31, 2024By
adminA breather in the market from a wider pump earlier in the week came amid a second straight day of strong inflows for U.S. bitcoin exchange-traded funds (ETFs). The ETFs recorded over $893 million in inflows on Wednesday after taking in $879 million on Tuesday, the first back-to-back inflows of more than $850 million. Cumulative net inflows since their introduction in January now total $24 billion, according to data tracked by Farside Investors.
Source link
US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year
Donald Trump celebrates Satoshi’s whitepaper anniversary
XRP Whale Dumps 31M Coins As Ripple Lawsuit Nears Major Decision
What are smart contracts? Types, benefits & use cases explained
BlockJoy Introduces ‘BlockVisor 2.0,’ a Bespoke Solution for Blockchain Node Operators
US SEC Enforcement Costs Crypto Firms $400M Under Gensler
COIN a Buy despite Q3 revenue miss, analyst says
Analyst Claims Ethereum ‘Isn’t Dying,’ Bitcoin Surge No Threat To Ether
Immutable Receives Wells Notice From US SEC
The Whitepaper: The Simplest Ideas Are The Most Profound
Florida has $800m in crypto-related holdings: CFO
Joe Biden Thanks Nigerian President for Releasing Binance Executive Tigran Gambaryan From Prison
Donald Trump’s World Liberty Financial Lowers $300M Public Sale Target
The Latest Fake Satoshi is the Fake Bitcoin Creator We All Need
Meme coins shake up cryptocurrency investments as Gen Z seeks new financial paths
182267361726451435
Top Crypto News Headlines of The Week
Why Did Trump Change His Mind on Bitcoin?
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin Open-Source Development Takes The Stage In Nashville
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
Washington financial watchdog warns of scam involving fake crypto ‘professors’
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Trending
- 2 months ago
182267361726451435
- 24/7 Cryptocurrency News2 months ago
Top Crypto News Headlines of The Week
- Donald Trump3 months ago
Why Did Trump Change His Mind on Bitcoin?
- News2 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Bitcoin3 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Opinion4 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Bitcoin3 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
- Altcoins3 months ago
Ethereum Crash A Buying Opportunity? This Whale Thinks So