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Bitcoin’s (BTC) potential for market decline appears limited as outflows from GBTC decrease, and traders turn their attention to the upcoming BTC halving in April. The month of January has witnessed Bitcoin’s price exhibiting volatility. Initially, it surged close to $49,000 in anticipation of the introduction of spot Bitcoin exchange-traded funds (ETFs). However, it subsequently experienced a downturn as the Grayscale Bitcoin Trust (GBTC) encountered significant liquidations. Nevertheless, a promising development is the recent reduction in GBTC’s outflows. According to real-time market data provided by intelligence firm Arkham, there have been outflows of $340 million from Grayscale’s fund. This represents a slight increase compared to the $270 million outflow on January 30th but is significantly lower than the peak outflow of $641 million recorded on January 22nd. Daily cryptocurrency market performance. Source:  Coin360 Traders will gradually shift their focu

Today’s trading session took a slight dip from yesterday’s impressive outing. Market movements reflect a cautious sentiment, with only 10% of cryptocurrencies showing positive traction. Liechtenstein Cryptoassets is the top gainer , with an 18.98% increase. Conversely, Ondo Finance hit a setback, marking a 14.58% loss within the same timeframe. Biggest Crypto Gainers Today – Top List Moreover, Dogwifhat demonstrated an exceptional gain of 5,537.03% over the past year. Similarly, Liechtenstein Cryptoassets maintains its momentum as the best-performing coin of 2022, with a solid increase of 167.66% since its inception. On the broader scene, Binance reviews its majority stake in the South Korean crypto exchange GOPAX. 1. Ronin (RON) Recent developments regarding Ronin have sparked significant interest among investors and enthusiasts. A Binance hot wallet has accumulated RON tokens since January 26th, amassing 137.8k RON. Consequently, speculation about a potential RON listing on Bina

Victoria, Seychelles, January 31st, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced the listing of Jupiter (JUP) in the Innovation, DeFi and Solana Ecosystem Zone. Jupiter is the leading DeFi dApp on Solana, serving as Solana’s primary liquidity infrastructure and facilitating over 80% of the total retail liquidity movement. It seamlessly integrates with the majority of protocols within the Solana network. As one of the industry’s most advanced swap aggregation engines, Jupiter excels in delivering essential liquidity infrastructure for the Solana ecosystem. In addition to its vital role, Jupiter actively expands its DeFi product offerings, providing users with a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading. Gracy Chen, the Managing Director of Bitget, stated, “Bitget seeks a good way to support the development of different blockchains and ecosystems. The list

Stablecoin-issuer Circle says it’s bringing USDC to the Celo (CELO) blockchain, according to a new press release from The Celo Foundation. The Celo protocol is an Ethereum Virtual Machine (EVM) compatible blockchain that bills itself as “mobile first,” and is in the process of migrating into becoming a layer-2 solution. Its native token, CELO, can be used for governance, staked for rewards, and used to pay reduced transaction fees. According to a new announcement published by The Celo Foundation, USDC will launch natively on Celo. USDC is the second-largest US-dollar pegged stablecoin by market cap, behind only USDT, issued by Tether. USDC is currently the seventh-largest crypto asset by market cap overall. Says Isha Varshney, Head of Strategy and Innovation at the Celo Foundation, “As a leader in driving real-world adoption of crypto, the Celo ecosystem is excited to bring more RWAs on-chain through our partnership with Circle and the launch of USDC on Celo.

German authorities have confiscated approximately 50,000 Bitcoins, valued at around $2.1 billion. The action is part of an extensive investigation targeting an online file-sharing service deemed illegal by the authorities. It represents the most substantial quantity of Bitcoin ever secured by German law enforcement. The operation was collaborative, involving the Saxony state prosecutors, Germany’s Federal Criminal Police Office, and the U.S. Federal Bureau of Investigation. You might also like: Global NFT market sees a 22% dip in sales, yet Trump NFTs continue to soar The investigation has focused on two individuals believed to have amassed this vast amount of Bitcoin (BTC) through profits generated by a German-based file-sharing website, which ceased operations in 2013. According to the prosecutors, one of the suspects transferred these digital assets into a wallet controlled by the federal police of Germany. Bitcoin has been experiencing a consecutive monthly rise, ma

The Bitcoin price is up 3% in the last 24 hours to trade for $43,380 as of 1:05 a.m. EST time, with trading volume surging 45%. This is part of an ongoing recovery rally after the Bitcoin price suffered the aftermath of Grayscale Bitcoin Trust (GBTC) redemptions. As investors cashed in their GBTC shares by selling BTC, the Bitcoin price fell nearly 12% after a local top of $48,969 on January 11. Meanwhile, a former executive of American investment bank Goldman Sachs, Raoul Pal, has updated his crypto market cycle forecast, saying the Bitcoin price could repeat a “bubble” price pattern like what was witnessed during the 2011-2013 cycle. In his opinion, this could send the king of cryptocurrency to levels as high as $500,000. Raoul Pal Anticipates $500,000 Possibility For Bitcoin Price Appearing in an interview with Pomp Investments founder Anthony Pompliano, Pal said there is a “60% probability this is a relatively normal cycle,” where BTC hit $150,000. Still, he gives it a “20% cha

Analysts at blockchain forensic firm PeckShield say the crypto industry witnessed over 600 hack incident s over the past year. In an X post on Jan. 29, PeckShield released an infographic highlighting the extensive scale of hacker attacks targeting the crypto sector in 2023. According to their data, crypto investors faced losses amounting to $2.6 billion due to illicit activities, with a recovery of nearly $675 million. #PeckShieldAlert 2023 saw 600+ major hacks in the crypto space, resulting in ~$2.61B in losses, with $674.9M recovered. $1.51B lost to hacks (excluding #Multichain unauthorized withdrawals) & $1.1B to scams. This marks a 27.78% decrease from 2022. #DeFi protocols remained prime… pic.twitter.com/G7PIU3WyrX — PeckShieldAlert (@PeckShieldAlert) January 29, 2024 PeckShield’s findings reveal that investors suffered losses of over $1.5 billion from hacks and an additional $1.1 billion from scam schemes, reflecting a 27.78% decrease compared to 2022. Despite this de

Everyday our team reviews new cryptocurrency releases which recently launched on crypto exchanges, and upcoming token presales. Today, CMC has listed several promising tokens. Among these new listings, Re stake Finance, Morse, and Pudel have emerged as the most promising new tokens on CMC, showing remarkable growth recently. We analyze their Features , tokenomics, and other relevant details that make them suitable for investment.  New Cryptocurrency Releases, Listings, and Presales Today  Spong V2 is attracting attention as it enters the final stages of its presale. Let’s analyze three newly introduced cryptocurrencies. We should also emphasize that predicting the continuation of upward trends in the crypto market often comes with surprises.  1. Restake Finance (RSTK) Restake Finance is a platform designed to provide an accessible user interface through which users can restake their staking liquid tokens. The aim is to assist users in gaining maximum on-chain incentives using $rs

The native altcoin for an under-the-radar public block chain project surged more than 20% on Friday, outpacing the vast majority of the crypto market. Conflux (CFX) is a hybrid proof-of-work and proof-of-stake chain that bills itself as the “only regulatory compliant, public, and permissionless block chain in China.” The web3 project, which says it is suitable for both decentralized finance (DeFi) and gaming, aims to bridge the gap between Western and Asian markets in alignment with its mission to be a “catalyst for the borderless economy.” CFX is trading at nearly $0.227 at time of writing, up from $0.185 on Thursday. The 88th-ranked crypto asset by market cap is also up nearly 33% from its seven-day low of $0.17. CFX’s gains on Friday materialized as Conflux announced a strategic partnership with the Asia-based venture studio BlockBooster. Explains the project, “With a focus on nurturing web3 infrastructure, social, and gaming projects, this partnership a

According to James Seyffart, the newly launched spot Bitcoin ETFs are growing significantly in volume and liquidity. Seyffart showed that BlackRock and other ETFs are gradually catching up with Grayscale. BlackRock recorded a daily volume of $480.8 million on January 26. According to James Seyffart, a Research Analyst with Bloomberg, the newly launched spot Bitcoin ETFs are growing significantly in volume and liquidity. In a recent post on X (formerly Twitter), Seyffart showed that BlackRock’s IBIT and other ETFs are gradually catching up with Grayscale’s GBTC. Obviously don't have flows and full Volume numbers arent in yet for the #Bitcoin ETFs, but today was a big day for BlackRock's $IBIT. Typically $GBTC is the far and away liquidity leader. Still the leader today but these other ETFs are catching up — particularly $IBIT. pic.twitter.com/BIWE54PlxK — James Seyffart (@JSeyff) January 26, 2024 As shown in a screenshot shared by Seyffart, Black

The upward crossover of the 50 EMA over the 200 EMA suggests a DOGE uptrend later. While SHIB might breakout, it might not reach its All-Time High again. With Solana’s backing, BONK might repeat last year’s performance after the halving. Meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Solana-themed Bonk (BONK) all started the year slowly. On a Year-To-Date (YTD) basis, Dogecoin’s price had decreased by 14.35%. SHIB has lost 16.28% of its value since the year started. BONK, which had an impressive performance in 2023, dropped by 23.19%. These performances have caused concern in the market, with participants asking if the cryptocurrencies would recover soon. For now, it is uncertain if they would in the short term. But traders can look forward to the Bitcoin (BTC) halving as a catalyst that could drive the prices up. Historically, the Bitcoin halving has proven to be an event that pushes prices across the market up. This data was what led Coin Editi

Flipsides say the ongoing demand for economical alternative s to Ethereum, will drive more layer-2 projects to prioritize reducing end-user costs this year. Ethereum is set to confront heightened competition in the blockchain space in 2024, driven by the persistent demand for cost-effective alternative s and the proliferation of Ethereum Virtual Machine (EVM)-compatible layer-2 networks, Flipside, a blockchain data platform, said in a recent research report. Is the bull is really here? How can we tell? Data. Sentiment isn't the only thing that's changed lately. According to the data, user behavior is shifting — and with it, crypto markets. We cover it all in The Onchain Crypto User Report pic.twitter.com/IsclNOZhJk — Flipside (@flipsidecrypto) January 25, 2024 As per analysts, a substantial portion of EVM users are now actively exploring alternative options to Ethereum due to the allure of lower fees and faster transactions offered by emerging layer-2 solutions. The si

Bitcoin (BTC) trades at $39,800 on January 25, 14 days after reaching a local top at $48,900 following the much-awaited Bitcoin spot ETF approval. Meanwhile, investors look forward to the block subsidy halving, which is expected in April 2024. Notably, the overall sentiment in the cryptocurrency market is neutral, according to the Fear & Greed Index by CoinMarketCap . Fear & Greed Index: 50 – Neutral. Source: CoinMarketCap Given the uncertain moment for crypto investors, Finbold turned to ChatGPT-4 artificial intelligence (AI) for insights on the leading project. For that, we asked a GPT-4 Turbo API for a bullish and bearish bold prediction for Bitcoin in 2024. Curiously, the platform used for this request was NanoGPT , which works in a pay-per-prompt model with payments in crypto. ChatGPT-4 bold predictions for Bitcoin in 2024 Cryptocurrency Mt. Gox hacker is one of the richest people in the world Cryptocurrency Cryptocurrencies set to