NFT News Today Official TheBitTimes.com

Bitcoin is consolidating at the top of its range and this is inspiring traders' confidence in a variety of altcoins. United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.” Arthur Hayes, former CEO of crypto exchange BitMEX, warned in a recent X thread that the government will have to print money to save the bond market as a faster bear steepener — a condition where long-term interest rates rise more quickly than short-term rates — will cause firms to collapse. Some investors believe that this could trigger a cryptocurrency bull market. Daily cryptocurrency market performance. Source: Coin360 It also looks like the institutional investors have started to warm up ...

The weakness in the U.S. Dollar Index bodes well for Bitcoin and altcoins in the near term. Bitcoin has been struggling to rise and sustain above the $31,000 level for the past few days, but Standard Chartered has painted a bullish picture for this year and the next. In a report, the bank said that Bitcoin (BTC) could reach $50,000 this year and stretch the rally to $120,000 by the end of next year. Large investors seem to be taking a bullish stance and are making the most of the stagnant Bitcoin prices. Behavioral analytics platform Santiment shows that sharks and whales, entities holding between 10 and 10,000 Bitcoin, have increased their hoarding by 71,000 Bitcoin since mid-June. Daily cryptocurrency market performance. Source: Coin360 While the long term looks bullish, macroeconomic indicators hold the key in the short term. The United States equities market is likely to be influenced by second-quarter earnings and the inflation data due to be released on July 12. That is likely ...

Throughout the years, there have been numerous success stories related to the cryptocurrency industry. Many individuals have been able to witness significant growth in their investment portfolios by pouring small amounts of money into meme coins like Shiba Inu [SHIB]. However, with the recent decline in the market, the question arises whether it is still possible for people to become cryptocurrency millionaires. According to a new report from CoinGecko, an investor would need an average of $66,298.25 to become a millionaire by investing in meme coins. The report arrived at this conclusion by analyzing the price returns of ten different meme coins. It is important to note that investment requirements for individual meme coins are likely to vary. Additionally, the amount needed to become a millionaire may differ for each asset. For instance, to reach $1 million by investing in Shiba Inu, an investor should make an investment of $11.87. However, it is important to remember that the r...

Bitcoin and select altcoins are witnessing a pullback, indicating that traders may be booking profits and reducing risk. Pullbacks are a part and parcel of uptrends. They not only help shake out the weaker hands but also offer an opportunity for traders to add to their position or make fresh entries. Currently, Bitcoin (BTC) is witnessing a correction as bulls and the bears battle for control, but is this a buying opportunity or the start of a trend reversal? The Crypto Fear & Greed Index has risen to 69, indicating that traders have started to get greedy again. When this happens, it is time to become cautious in the near term because when new traders begin chasing prices higher, experienced traders sell into strength and buy on dips. Daily cryptocurrency market performance. Source: Coin360 ARK Invest CEO Cathie Wood said in a recent interview that Bitcoin and Ether (ETH) are being considered as safe haven assets like gold. Meanwhile, Bridgewater Associates founder Ray Dalio does ...

Shiba Inu has increased in value by more than 22% over the past week. In the same time frame, its competitor, Dogecoin , has only managed to rise by 5%. As a result, SHIB investors seem to be in a much more comfortable position at the moment. With Shiba Inu outperforming Dogecoin , SHIB/DOGE is merely a few steps away from creating a record. From November 2022’s lows, this pair’s price is on the verge of registering a solid 100% inline. Apart from showing strength against Dogecoin , even the SHIB/USDT pair recently flashed a bullish signal by breaking above the upper trend line of its descending channel. Using the same as support last week, SHIB went on to climb above $0.000015. Furthermore, with the RSI hovering around 60, the market seemed to be amassing bullish momentum to drive up the asset’s price further. SHIB/DOGE, SHIB/USDT by TradingView Also Read: Is Shiba Inu the ‘Most Bullish’ Crypto Right Now? Is this the time to accumulate Shiba Inu? Accordi...

The proof-of-work mechanism has always received criticism for its energy-centric nature. For this very reason, proof-of-stake has received much attention from many. Ethereum also recently shifted to PoS, which was one of the most monumental upgrades for the world’s second-largest cryptocurrency. According to rumors, the Dogecoin Foundation and Vitalik Buterin, the co-founder of Ethereum, are working together to develop a proof-of-stake pro pos al. The collaboration followed the trail map schedule published by the Dogecoin Foundation in December. The trail map indicated that the switch to proof-of-stake was most likely to occur in 2022. However, the foundation has yet to officially announce the transition, and 2022 is ending in two days. However, dismissing all the rumors, DOGE core developer comes to Dogecoin ’s rescue. Dogecoin core developer dismisses PoS transition rumors Dogecoin core developer, Michi Lumin, recently tweeted about Dogecoin and its t...

Thanks to Elon Musk , Dogecoin (DOGE) has been receiving media attention. However, it was not always for the best reasons. DOGE’s value started to decline as Musk announced his intention to step down as CEO of Twitter recently. The asset’s price experienced a significant decline. During this time, it was also discovered that the biggest DOGE holder was moving DOGE. However, Elon Musk ’s latest tweet has had a significant impact on DOGE. Musk recently tweeted a Merry Christmas message accompanied by images of three dogs. The first image depicts a DOGE sitting on top of another dog wearing Santa Claus attire. Even though the tweet didn’t have an effect on the price of DOGE, there has been a rise in trading volume. Merry Christmas & Good Cheer to All! pic.twitter.com/SupTpz4bLY — Elon Musk (@elonmusk) December 25, 2022 Dogecoin trading volume spikes by 115% CoinMarketCap data reveal that there has been a 115% spike in ...