Bitcoin

Bitcoin’s Rise to $66,000 Is Taking the BlockDAG Network Higher Than Ever: Here’s How

Published

8 months ago

19 May, 2024

BlockDAG Network

London, United Kingdom, May 16, 2024 (GLOBE NEWSWIRE) — The cryptocurrency market continues to attract the attention of investors and other enthusiasts around the world. Over the past decade, cryptocurrencies have evolved from obscure digital assets to mainstream investment vehicles, challenging traditional financial systems and reshaping the way we think about money. As the market matures and expands, new opportunities emerge, driving adoption and innovation across the world.

The main characteristic of digital currencies is their independent nature from the central authority, with transactions only resulting from an agreement between users. Cryptocurrencies like Bitcoin and BlockDAG Network are an increasingly important stage for innovation in digital transaction systems. They have economic and social value, as well as being significant as payment technology.

Bitcoin: surge to $66,000

In recent cryptocurrency news, Bitcoin has once again made headlines with its rise to the $66,000 mark. The first cryptocurrency rose along with stocks on Wednesday following the release of the April consumer price index, showing a slowdown in inflation. BTC price rose more than 7% to $66,124.59, the highest since March 25, also surpassing its 50-day moving average for the first time since April 13. Analysts attribute this to the slightly lower-than-expected CPI number, increasing speculation of a rate cut, a significant influencer for the Bitcoin price. Although the CPI increased 0.3% compared to March (below the 0.4% estimate), it remains 3.4% higher than a year ago.

Bitcoin’s recent gains mark its strongest week since March 29, possibly breaking a six-week downtrend, holding between $60,000 and $70,000.

This increase in value underscores the growing confidence in Bitcoin as a store of value and hedge against inflation, with institutional investors and retail traders flocking to the digital asset in search of potential and substantial returns.

BlockDAG Network: Better than ever

Against the backdrop of Bitcoin’s remarkable performance, BlockDAG Network stands out as one of the most interesting and innovative projects to have joined the cryptocurrency scene. Leveraging cutting-edge technology and an innovative approach, BlockDAG Network recently introduced a series of platform updates aimed at improving user experience and overall platform functionality. These updates include improvements to scalability, security, and transaction processing, as well as the introduction of easy-to-use interfaces and enhanced features.

The story continues

Recent updates to the BlockDAG platform underscore the team’s commitment to technical excellence and user satisfaction.

With a truly democratic approach and focus on transparency, accessibility and efficiency, the BlockDAG Network is poised to redefine the way users interact with blockchain technology, opening up new possibilities for financial inclusion, empowerment and personal financial growth.

By providing users with the tools and resources needed to navigate the complexities of the cryptocurrency market, BlockDAG Network aims to democratize access to decentralized finance (DeFi) and empower individuals to take control of their financial future.

Implications and future trends in the cryptocurrency market

Looking ahead, the implications of Bitcoin’s rise and BlockDAG Network advancements go far beyond price movements and platform updates. They signal a broader shift towards a more decentralized and democratized financial system, where individuals have greater control over their assets and transactions.

In conclusion, the cryptocurrency market is experiencing unprecedented growth and transformation, driven by technical innovation, investor enthusiasm and a commitment to decentralization. With Bitcoin leading the way and platforms like BlockDAG Network pushing the boundaries of what is possible within the industry, the stage is set for a new era of financial freedom and opportunity. As we continue to explore the potential of blockchain technology and decentralized finance, the BlockDAG Network remains at the forefront of innovation, driving progress and shaping the future of decentralized finance.

As cryptocurrencies become increasingly integrated into mainstream finance, we can expect to see continued innovation, regulatory scrutiny and market volatility; And in the midst of uncertainty, one thing remains clear: the future of finance is digital, decentralized and inclusive.

Read about BlockDAG pre-sale:

Website: https://blockdag.network

Pre sale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

CONTACT: Brown Williams support (at) blockdag.network

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SatoshiTimes Staff

We are the editorial team of SatoshiTimes, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on SatoshiTimes, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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Cryptocurrency Charts by TradingView.

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