China News Daily TheBitTimes.com

The cryptocurrency market seems to have turned the tide over the last few weeks. Bitcoin (BTC) reclaiming the $61k level has pushed the market into another bull run. Shiba Inu (SHIB) has also entered the greens, all thanks to BTC’s price spike. SHIB is currently up 23.2% in the daily charts, 41.4% in the weekly charts, 36.3% in the 14-day charts, and 43.5% over the previous month. Moreover, SHIB is finally green in the yearly charts, up 6.8% since late February 2023. Source: CoinGecko Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Just $10 SHIB will likely continue its bullish trajectory. However, SHIB fans and investors await the token to hit a new all-time high or delete a few more zeros from its price. When will Shiba Inu (SHIB) reach $0.0005? Reaching $0.0005 from current levels would translate to a growth of 3659%. Although the figure may seem significant, it is not something the project has not achieved before. Also Read: Shiba Inu (SHIB) Predicted

The Shiba Inu price has skyrocketed 26% in the 24 hours to trade at $0.00001363 as of 4:30 a.m. EST on a 105% surge in trading volume to $2.257 billion. This surge comes as the meme coin market explodes amid bullish market sentiment driven by the pumping  Bitcoin price , which burst past $64,000 before paring gains. Meme coins including Bonk (BONK), Dogecoin (DOGE), Wen (WEN) and Myro (MYRO) all soared in the past 24 hours as the market capitalization of meme coins tracked by CoinMarketCap soared almost 25% to $33.75 billion.   Shiba Inu Price Breaks Out In A  Bull Rally SHIBUSDT Analysis By Tradingview The Shiba Inu price is in a gradual uptrend after hitting a double bottom at the $0.000006734 support zone, helping the bulls drive the price up within a rising channel pattern.  Despite the brief rejection at $0.00001197 resistance, the bulls seem resilient to continue the uptrend, using the support level at $0.000008875 to drive the price to the $0.00001473 Mark. The price b

Dogecoin rallied over 50% in the last seven days to climb into top 10 cryptos on CoinmarketCap. DOGE users are hoping for a sign that Elon Musk will participate in the developing bull run. Musk’s comments contributed to Dogecoin’s 28,000% gain in the previous bull run. Dogecoin, the famous dog-themed meme coin, has sugged significantly this week. The cryptocurrency rallied over 50% in the last seven days, replicating moves similar to its behavior in the previous bull run. Data from CoinmarketCap shows DOGE is back among the top 10 cryptos, trading for $0.128, with a market cap of $18.34 billion. DOGE’s rally is comparable to its behavior four years ago, when Elon Musk, the owner of X, openly supported the meme coin. Musk made several comments that triggered Dogecoin’s rally in the previous bull run, forming the tailwind for the crypto’s rise to prominence. Following DOGE’s latest surge, many crypto users are watching whether the X owner will play a role i

The current market outlook is flooded with extreme greed as transactions steadily increase. As investors steadily stack their portfolios for the impending Bitcoin halving, analysts anticipate these developments will drive up prices and market sentiment, potentially sparking a bull run.  On this note, interest in altcoins is slowly increasing. As such, this article compiles a selection of standout altcoins worthy of consideration for investment in the present market climate. 6 Best Altcoins to Invest in Right Now Bitcoin has printed gains for the second day , causing other tokens to surge. Altcoins like Arweave, Injective, and Dogecoin stand out as promising investment options. Green Bitcoin is also attracting market interest, surpassing the $ 1 million mark. Following strong performance, these tokens demonstrate significant potential for future market growth. 1. Arweave (AR) Arweave, a decentralized storage and scalability protocol, is making waves with its latest project, Arweave

BlackRock’s spot Bitcoin ETF (exchange-traded fund) recorded more than $1 billion in trading volume for the second consecutive day as BTC surged towards $60K. BlackRock’s iShares Bitcoin Trust (IBIT) registered a record $1.357 billion in daily trading volume on Feb. 27, slightly more than the $1.3 billion it recorded a day earlier, said Bloomberg Intelligence ETF analyst Eric Balchunas in a post on X. BlackRock IBIT Trading Doubled Data from Nasdaq shows almost 42 million IBIT shares exchanged hands yesterday, which is more than double the average amount of shares traded since IBIT was launched in January. The X user HODL15Capital noted in an X post that IBIT was one of the most active funds amongst all ETFs listed in the U.S. as well, recording the fifth highest volume. Fidelity’s bitcoin ETF (FBTC) also experienced “strong” volume. Balchunas said that the collective volume of the U.S.-listed spot bitcoin ETFs topped $2 billion on Feb. 27, falling just short of the previous d

Key takeaways BlackRock’s spot Bitcoin ETF achieved a trading volume of $1.3 billion for the second consecutive day. BTC touched $57k as Bitbot’s presale approaches $750k BlackRock’s IBIT trading volume soars higher Bitcoin has been performing excellently since the start of the week, thanks to BlackRock’s IBIT and other spot Bitcoin ETFs.  BlackRock’s IBIT record ed a trading volume of $1.3 billion for the second consecutive day. The ETF record ed a trading volume of $1.35 billion on Tuesday, surpassing the $1.3 billion reported on Monday.  The positive performance also means that BlackRock’s IBIT was the fifth most traded among all U.S.-listed ETFs during the morning hours. The record numbers from spot Bitcoin ETF s continue to show an increasing appetite for Bitcoin by institutional investors. The rising trading volume could also spill into the crypto market and this is where projects like Bitbot could offer excellent use cases to traders and

The crypto markets look to be entering their early bull run stage, where prices stabilize as the next major advance prepares to ignite. One asset perfectly encapsulating this consolidation after already surging 50% is PEPE. Pepe Coin, which now shows signs of its mega rally, could extend dramatically in the coming days. The previously bullish PEPE coin commenced trading amidst a blaze of volatility but soon entered a phase where skepticism mounted around sustaining its blistering growth. Prices thus drifted lower for months as bullish momentum waned. Also read: Ripple: How Much XRP You Need to Make $1M if Price Hits $11.26, $28.20, $56.55? PEPE outshines DOGE and SHIB However, all that has changed recently after PEPE finally managed to hurdle resistance levels that stifled previous rallies. In doing so with authority, the token has now gained over 50% while outshining fellow meme coins Dogecoin and Shiba Inu. Analysis now flags a textbook inverse head and shoulders break

The COTI price pumped more than 330% in the past month to trade at $0.2405 as of 2:25 a.m. EST as investors bet big on the altcoin’s prospects.  The COTI Price Falls Out Of A Bullish Channel And Tests Support  4-hour chart for COTI/USDT (Source: TradingView ) The COTI price printed a series of higher highs and higher lows on its 4-hour chart over the past couple of days, resulting in the formation of a positive price channel. However, the altcoin has broken below the lower boundary of this channel at the start of today’s trading session. As a result, the crypto is resting on the $0.23780 support level.  Should the COTI price drop below this key support, it may be at risk of testing the subsequent mark at $0.19410 in the following 24 hours. Continued sell pressure at this point could then pull it down to $0.14548, with an extremely bearish scenario potentially leading to COTI falling to as low as $0.10827 in the short term. This bearish thesis could be invalidated if the COTI pr

Ripple’s CEO, Brad Garlinghouse, has come up with new insights, leveraging XRP’s sophisticated nature. In a new video making the rounds on X, Garlinghouse can be seen discussing XRP’s potential use cases. He later shared how altcoin has the potential to solve a multi-trillion-dollar problem.  The statement also shows Garlinghouse praising XRP, adding how it can be an “efficient digital asset” concerning its potential use cases.  Also Read: XRP to Finally Soar Up to $1.40? Here’s What the Analysts Have to Say XRP has the potential to be an “efficient digital asset.” In a new video statement on X, Ripple ’s CEO has been noted discussing potential use cases of XRP. Speaking about Ripple ’s future success, he shared how the altcoin has the potential to solve a string of consumer concerns efficiently.  # Ripple CEO Brad Garlinghouse emphasizes that #XRP addresses a multi-trillion dollar challenge, fueling significant demand. Ripple 's presence in the global payments mar

The Bitcoin price dropped 1% in the last 24 hours to trade at $51,000 as of 4:30 a.m. EST on trading volume that plummeted by 8% to $15 billion. The coin’s price is also 3% down over the past week, but there’s better news from the Grayscale Bitcoin Trust (GBTC), where outflows reached their lowest point since the fund’s conversion to a spot Bitcoin ETF (exchange-traded fund) on Jan. 11. BitMEX Research data shows that withdrawals for GBTC totalled $44.2 million on Feb. 23. This is after the fund registered $5.64 billion in outflows in January, with $640 million being withdrawn from the ETF on Jan. 22 alone. The lower fees of competing Bitcoin ETFs — some of which charge only around 0.19% — have been enticing investors to rebalance their portfolios to other products. Experts believe that the slowing of the outflow pace suggests upcoming stabilization. Bitcoin Price Prediction Bitcoin’s price sunk again with the arrival of Monday, February 26, hitting a support at $51k for the thir

Ethereum price made a strong bullish breakout during the weekend as it remained comfortably above the resistance at $3,000. It has risen in the past three straight weeks and is hovering at its highest point since April 18th. The coin has jumped by more than 258% from the post-FTX crash low. Meanwhile,  Bitcoin Dogs has continued to gain popularity as it raised over $4.4 million. Ethereum price surges ETH has made a strong bullish breakout in the past few days even as Bitcoin has remained in a narrow range. The coin now sits above the important resistance point at $3,000 and analysts believe that it has more upside going forward.  It has jumped as investors anticipate more demand ahead of a potential spot ETF approval. Eight companies like VanEck, Blackrock, and Franklin Templeton have all applied for a spot ETF. As such, following the recent approval of a BTC ETF, analysts believe that the SEC will have no choice but to approve it. Therefore, the ongoing ET

It’s not a fantastic weekend for the crypto market, as every indicator is down. However, the Solana ecosystem has received a boost with the recent surge in the prices of some trending tokens. This article highlights four of these tokens and why they are worth considering. Also, the story of the funding received by Helius may renew investors’ interest in the Solana ecosystem. The developer platform dedicated to advancing application development on the Solana blockchain has secured a Series A funding round totaling $9.5 million. Top Trending Crypto Coins on Solana In addition, figures within the Solana ecosystem, including Balaji Srinivasan, Anatoly Yakovenko, Raj Gokal, and Kyle Samani, also contributed to the funding. Helius aims to streamline the application development process on Solana by harnessing the blockchain’s scalability and composability. With this funding, Helius seeks to accelerate the adoption of crypto-powered systems. It also helps address challenges faced by develop