DeFi News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Sui (SUI) is on a remarkable upward trajectory, exhibiting strong bullish momentum. On December 12, it surged to a new all-time high of $4.91, fueled by a 30% gain over 24 hours, making it one of the top-performing digital assets in the market. Despite a 4.5% pullback in the last 24 hours, SUI’s bullish trend remains intact, drawing comparisons to some of the most explosive rallies in cryptocurrency history, including Solana’s (SOL) meteoric rise in 2021. Notably, an Analysis by TradingShot , a prominent technical Analysis firm, highlights a striking resemblance between Sui’s current price action and Solana’s breakout pattern in 2020-2021.  Picks for you How much you’d have if you invested $1,000 in Bitcoin when Bill Gates said he’d short BTC 1 hour ago ...

A crypto strategist known as a “Master Trader” on the digital asset exchange Bybit believes three altcoins are gearing up for more rallies. Pseudonymous analyst Bluntz tells his 299,900 followers on the social media platform X that Dogecoin (DOGE) looks poised to witness fresh bursts to the upside after respecting support at around $0.36. “You didn’t get bored of DOGE and leave to go chase the newest shiny thing did you? Things are about to get fun again, in my opinion.” Source: Bluntz/X At time of writing, DOGE is trading for $0.432, a 3.45% increase in the past 24 hours. Turning to fellow memecoin Pepe (PEPE), Bluntz believes that the altcoin is back to bullish mode after breaching its diagonal resistance. “PEPE downtrend memeline officially broken.” Source: Bluntz/X At time of writing, PEPE is worth $0.0000209, a 2.7% surge in the past day. As for the native asset of the Solana (SOL)-based decentralized exchange...

Bitcoin is currently basking in bearish realms. The token has fallen dramatically over the past week and is currently trading at $61K. BTC rallied spectacularly and breached $66K earlier, but it is down significantly at press time due to volatile geopolitical changes. However, analytical portals are describing this change as lucrative. Let’s explore why the change in Bitcoin’s pace is being dubbed positive. Also Read: Dogecoin New Addresses Surge 72%: What it Means for DOGE in October This BTC Marker Indicates A Bullish Market Is Near. Source – Bitcoin.com According to Santiment, BTC’s fall is a positive sign for the market now that Bitcoin has retraced its step back to $60K. The portal shared how markets often move opposite the current crowd sentiment, indicating that a Bitcoin bull market might be on the cards soon. To elaborate further, the portal shared how Bitcoin’s recent price decline has tempered the crowd sentiment, which was earlier overly ecstatic abou...

A new meme coin, called First Neiro On Ethereum (NEIRO), has rallied by 17,348.55% since its launch this year. The asset is also called the little sister of Dogecoin (DOGE). Source: CoinMarketCap Also Read: Central Banks to Slash Rates: Bitcoin to Explode to $100K? While the larger market struggled over the last few days, NEIRO is green. The asset is up by 112.5% in the daily charts, 1852.6% in the weekly charts, 912.2% in the 14-day charts, and nearly 945% over the previous week. The project’s market cap has risen by 119.52% to $339.12 million, and volume has increased by 72.87% to $754.85 million. Why Is DOGE’s Sister Rallying? Dogecoin’s sister cryptocurrency’s price began to rally after Binance announced its listing on the platform on Sept. 16, 2024. The price spike marks one of the most significant rallies in recent months. Binance Will List @neiroethcto $NEIRO, @TurboToadToken $TURBO and @BabyDogeCoin $BABYDOGE with Seed Tag Applied. Read more https://t.co...

A widely followed crypto analyst believes that one Ethereum (ETH) competitor could first correct by double digits and then go on a massive rally to print new all-time highs (ATH). Pseudonymous crypto trader Kaleo tells his 645,400 followers on the social media platform X that Solana (SOL) could decline by more than 36% of its current value. “SOL/Solana: $80s, new all time highs.” Source: Kaleo/X Looking at his chart, the trader suggests SOL could dip to around $80 and then soar past $263. Solana is trading for $125 at time of writing, down more than 5% in the last 24 hours. Next up, the analyst warns that Bitcoin (BTC) could dip to around $42,500, a decline of more than 21% of the current value. He also suggests Bitcoin may have a massive breakout after the US presidential election on November 5th and soar beyond $88,000 in early 2025. “Alright bros, still believe we range through the election and rip after, but starting to look like my IHS (...

Polygon (formerly known as MATIC, now as POL) has had a significant price drop over the last few months. The asset was among the top-ranked crypto projects by market cap but has since fallen to the 40th rank. POL (formerly MATIC) is down by 2.9% in the daily charts, 13.8% in the weekly charts, 28.9% in the 14-day charts, and nearly 8% over the previous month. Also Read: 2 BRICS Countries Advancing Towards Launching New Currency Source: CoinGecko Why Is The Asset Slumping? Source: Business Today While Polygon follows the general market downtrend, other factors have also affected its price. Also Read: What Did Tron’s Justin Sun Say About Shiba Inu’s Burn Mechanism? Polygon’s migration from MATIC to POL has presented significant headwinds. User activity has tanked, and large wallets have begun offloading their holdings. The drop in activity, coupled with the bearish market sentiment, has gravely affected the asset’s worth. Polygon Predicted To Hit $0.94 According to prominent c...

Bitcoin (BTC) is currently aiming to reclaim the $40,000 level as it seeks a new all-time high, primarily fueled by speculation surrounding the potential approval of a spot exchange-traded fund (ETF) by United States regulators. The news regarding the ETF, combined with the upcoming halving event, is widely seen as a major catalyst that could propel Bitcoin to another record high. Nevertheless, some analysts posit that Bitcoin may receive a boost from an additional catalyst. Particularly, in a TradingView post on December 1, renowned crypto analyst TradingShot suggested that Bitcoin might be on the verge of a significant global money supply rally, challenging traditional halving theory. Notably, the halving theory dictates that Bitcoin experiences important price rallies following each event.  Bitcoin price analysis chart. Source: TradingView The potential Bitcoin rally , as per the analyst, is closely tied to two key indicators of the global money supply : Chinese bond yield...