DeFi News Today Official TheBitTimes.com

Cryptocurrency analyst and trader Jason Pizzino is offering his opinion on the likely trajectory of altcoins over the coming months. Pizzino tells his 332,000 YouTube subscribers that he is expecting an “altcoin bounce” in this year’s fourth quarter during or after the November 5th US presidential election. Pizzino says the percentage of Tether (USDT) stablecoin’s market cap relative to other cryptocurrencies may have topped out and is likely to fall even further, indicating that market participants are using their stablecoins to accumulate crypto assets. He shares an inverse chart of USDT Dominance (USDT.D) and appears to predict that it will lose more market share in the coming months. “ T his is the USDT dominance chart but it’s inverse. I f you’re interested in your technical Analysis which direction do you think this should be going in next? D o you think we’re going to see a breakout of these tops as it has potentially hit some support a...

Bitcoin has slumped on the charts over the past week, falling back down under $60,000 per coin at press time. The top coin is currently sitting at $58,524.69, down 4% in the last seven days. BTC has had an overall stellar year that saw it reach an all-time high. However, the asset has found it difficult to surge further over the summer for multiple reasons. On the flip side, bulls are looking at many possible catalysts for Bitcoin to rebound in the final months of 2024. A new indicator has flashed that could spell out a price climb, revealing that Bitcoin reserves on exchanges have hit new lows for the year. This paints a bullish picture that could result in buying activity rising. According to CryptoQuant’s observation, bitcoin’s decrease in reserves suggests reduced selling pressure. In turn, this could pave the way for a bullish market if demand continues to rise. With fewer bitcoins available on exchanges, liquidity diminishes. This makes immediate sales less feasible. Such a patt...

Largely followed crypto analyst Altcoin Sherpa is warning that more weakness is ahead for one large-cap memecoin. The pseudonymous trader tells his 221,500 followers on the social media platform X that Dogecoin (DOGE) could depreciate by over 10% from its current level, even after bleeding more than 20% this month. Sherpa says, “Pains me to say it but DOGE probably keeps bleeding until the $0.08s. I still think this is probably a decent one for this cycle for passive investors but eh.” Based on the trader’s chart, he appears to suggest that the key levels to watch on Dogecoin’s potential move down are $0.0998, $0.0855 and $0.0736. Source: Altcoin Sherpa/X Dogecoin is trading at $0.101 at time of writing. Altcoin Sherpa also offers his take on Solana (SOL). According to him, Solana could revisit the $190 level over the short term if SOL overcomes a resistance level at around $165. Says the analyst, “A break of $165 would mean price probably goes...

As he continues to alert about an upcoming economic crisis that he believes will sweep the United States and the world, renowned investor, entrepreneur, and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has just issued another ominous warning. Specifically, Kiyosaki discussed the current political climate in the U.S., arguing that one should watch what politicians do, “not what they say” as “actions speak louder than words,” and highlighting that “we are all in critical financial times,” in an X post on August 29. POLITICS is a DIRTY GAME. Q: How do you know when a politician is lying. A: When their lips are moving. That is why I say “ Watch what a person is saying…. Not what they are doing.” Trump put the border wall up …Biden and Kamala took Trumps wall down. Today… — Robert Kiyosaki (@theRealKiyosaki) August 29, 2024 End of fiat money? As it happens, Kiyosaki’s recent post aligns with his general doomsday vi...

In a shocking development, the US Securities and Exchange Commission (SEC) has issued a Wells Notice to the NFT platform OpenSea. Indeed, the notice assures that the agency intends to sue the marketplace while calling non-fungible tokens on the platform securities. In a post to X (formerly Twitter), OpenSea noted they were “shocked that the SEC would make a move that threatens creators and artists,” after confirming the notice was received Wednesday. This marks another enforcement action taken by the SEC against the digital asset sector. OpenSea has received a Wells notice from the SEC. We're shocked that the SEC would make a move that threatens creators and artists, and we're ready to stand up and fight for our industry. https://t.co/7FyFH3NLdm — OpenSea (@opensea) August 28, 2024 Also Read: SEC Lawsuit Against Kraken Crypto Exchange To Proceed to Trial OpenSea Gets Wells Notice as SEC Calls NFTs Securities The SEC has continued its stance against the crypto market. T...

Long-term Bitcoin holders have collectively spent more than $10 billion to purchase the leading crypto as BTC loses the $60K support and brings an end to the 8-day inflow streak recorded by spot Bitcoin ETFs (exchange-traded funds). “For the first time ever, the realized capitalization of long-term holders has exceeded $10 billion,” said CryptoQuant contributor Amr Taha in an Aug. 27 post . Bitcoin Drops Below $60K As Spot ETFs End Recent Inflow Streak Over the past 24 hours, the largest crypto by market cap dropped more than 5% to trade below the psychological $60K mark at $59,190.79 as of 2:37 a.m. EST. This drop in the BTC price comes after US spot Bitcoin ETFs ended their 8-day inflow streak yesterday. Data from SoSoValue shows that the funds recorded a net outflow of $127 million. The majority of the capital that was withdrawn came from the spot Bitcoin ETF belonging to Ark & 21Shares, which suffered $101.97 million outflows.  Investors also pulled fu...

Bitcoin (BTC) continues to consolidate in a nearly six-month price range that gets tighter and makes a breakout imminent. Zooming out, this range acts as the “handle” of a three-year “cup,” according to a cryptocurrency trader and technical analyst. MetaShackle – known for trading and providing technical analyses for cryptocurrencies –  published a new BTC idea on TradingView on August 27. As the analyst described, Bitcoin currently has “the biggest cup & handle in crypto history,” saying it will “shock the world.” “BTC is forming an absolutely massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in the history of crypto, and it’s sure to be an incredible run to levels that will shock the world.” – MetaShackle Picks for you B...

The Ondo price dropped 3% in the last 24 hours to trade at $0.6995 as of 00:44 a.m. EST on trading volume that dropped 19% to $83.5 million. This comes as the meme coin space dropped by about 1.8% to a $44.7 billion market capitalization, with top titans, DOGE, SHIB, and PEPE dropping 3%, 1.7%, and 5%, respectively, as per CoinGecko data. Ondo Price Bearish, Aims For A Rebound The Ondo price went on a correction from August 12, dropping from the $0.78 resistance and finding support at $0.66, according to data from GeckoTerminal . ONDO bears used the support zone to push the price on a markup phase back to the resistance zone, forming a bullish rounding bottom pattern. However, Ondo’s price invalidated the pattern’s bullish prospects as it went through a falling channel. The downtrend has pushed Ondo to trade below the 50-day and 200-day Simple Moving Averages (SMAs), suggesting that the asset is currently on a bearish trend. Moreover, the Relative Strength Index (RSI...

Social media personality and former kickboxer Andrew Tate is known for his involvement in the cryptocurrency sector and commitment to making further investments in select digital assets. In his latest move, Tate announced plans to invest $1 million in Daddy Tate (DADDY) coin once he reached 10 million followers on the X social media platform. Once im at 10,000,000 followers Im going to buy 1,000,000 USD of $Daddy coin. https://t.co/rSKzPMrrOo — Andrew Tate (@Cobratate) August 24, 2024 Tate’s growing follower base, currently around 9.9 million, has contributed to the short-term growth of the Solana (SOL)-based meme coin. Picks for you AI token called ‘Nvidia of crypto’ soars 40% in a week 12 mins ago Katie Porter’s net wo...

The Simon’s Cat price has surged 37% in the last 24 hours to trade at $0.00002661 as of 12:30 a.m. EST on a 12% drop in the trading volume to $122 million. This surge in price followed the token’s launch on the Bitmart crypto exchange on August 22. Additionally, it went live on several major exchanges, including KuCoin, Gate, MEXC, BingX, and Pancakeswap. Traders can also trade $CATUSDT-M Perpetual Contract on KuCoin Futures with up to 8x leverage. Simon’s Cat Price Breaks Above The Bullish Pennant The CAT/USD trading pair chart on a 1-hour timeframe shows a strong bullish trend, supported by several key technical indicators. The price recently broke above the 50-period Simple Moving Average (SMA), a signal often associated with the continuation of an uptrend. The Relative Strength Index (RSI) is currently at 75.11, indicating that the asset is overbought. While this reflects strong buying pressure, it also raises the possibility of a short-term pullback due to th...

Get ready for the most exhilarating crypto ride of the year with FoxletFun ! This exciting new token is here to enchant the crypto community with its unique charm and cutting-edge innovation. Created by a team of experienced industry leaders, FoxletFun is not just another meme coin; it’s a vibrant, foxy ecosystem where fun and financial rewards come together in perfect harmony. What is FoxletFun? FoxletFun is a memecoin and digital ecosystem inspired by the playful and whimsical world of foxes. Imagine a place where foxes frolic and joy is everywhere. With the $FLF token at its core, FoxletFun combines DeFi, gaming, and NFTs to offer an engaging and lucrative experience. The Vision Behind FoxletFun Led by seasoned crypto professionals, FoxletFun aims to bring a new level of excitement and joy to the digital currency world. Our mission is to build a lively community of fox enthusiasts who relish both the fun and the financial gains of our project. FoxletFun isn’t ju...

The rapid pace of innovation in artificial intelligence (AI) is reshaping industries and transforming everyday life. Recent developments in AI have expanded its capabilities far beyond basic automation, enabling machines to learn, reason, and make decisions in ways that increasingly mirror human cognition. One significant advancement is in natural language processing (NLP), where AI can now understand and generate human language with unprecedented accuracy. This has led to the creation of more intuitive virtual assistants, sophisticated translation tools, and enhanced customer service experiences. Another key area of innovation is in machine learning, particularly deep learning, which allows AI to analyze vast datasets and identify patterns that would be impossible for humans to discern. This technology is being applied in fields like healthcare for early disease detection, finance for fraud prevention, and autonomous vehicles for safer driving experiences. Moreover, AI is advancing to...

Tron (TRX) has been unexpectedly making headlines for its recent ascent. The asset rose by over 18% in the past 24 hours. TRX was trading at $0.1549 at press time, with a daily increase of 1.67%. Despite its previous upticks and the current one, the cryptocurrency is nearly 50% below its all-time high of $0.3004, which it achieved about seven years ago. Also Read: How Much Shiba Inu Is Required To Make $1 Billion? Market Cap and Position Source Alongside this price increase, asset market cap fluctuations have pushed TRX above the crypto ladder. Currently, the altcoin stands as the 11th largest cryptocurrency with a market cap of $13.43 billion and is on the verge of taking over Cardano (ADA). Factors Contributing to TRX’s Rise Numerous factors have been connected to this abrupt increase. Enhanced network activity is one among them. Data indicates that TRON network activity has significantly increased, especially concerning meme coin launches. This wasn’t all. Burns in the TRX netw...

Ripple’s XRP token has not hit the $1 mark since November 2021, during the historic cryptocurrency bull run. The asset is also down by more than 82% from its all-time high of $3.40, which it attained in January 2018, over six years ago. While other assets hit new highs in 2021, XRP failed to do so despite a rally. Also Read: Ripple: Can XRP Reclaim Its All-Time High of $3.40 in 2024? Why the Lackluster Performance? Source – CryptoNews One of the most significant hurdles to XRP’s price is likely Ripple’s lawsuit with the SEC. The financial watchdog accused the fintech company of selling unregistered securities in December 2020. Also Read: Ripple: What Will XRP’s Price Be If Bitcoin Hits $300,000? The asset recently received a favorable outcome in its suit with the SEC, deciding to settle with the regulator. The decision led to a brief rally for XRP, but prices have since consolidated. Will XRP hit $1 in 2024? Hitting $1 from current price levels will require a ral...