Chain News Daily Official TheBitTimes.com

The Bitcoin market recent surge suggests a potential climb towards $95,000, hinting that it may have already found a solid bottom. On 21 April, the US Dollar Index (DXY) dropped below the 98 mark, reaching its lowest point in three years. This sharp decline helped propel gold to a new record high, while Bitcoin also gained momentum, breaking past the $88,000 threshold. Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom, has suggested that this might be the final opportunity to purchase Bitcoin for under $100,000. Hayes anticipates that the Federal Reserve could introduce US Treasury buybacks, which he believes would significantly boost Bitcoin’s upward movement. Daily cryptocurrency market performance. Source:  Coin360 The whales seem ready for the move higher, as they have been accumulating in March and April. According to Glassnode data, the number of wallets holding more than 1,000 Bitcoin increased from 2,037 in late February to...

A popular crypto analyst is outlining which altcoins he think will shine after Bitcoin’s (BTC) price rally. The trader Ali Martinez tells his 99,500 followers on the social media platform X that the key to betting on altcoins is to invest capital early in projects with strong fundamentals. “Forget the meme coin FOMO and the X chatter about overnight meme millionaires. That’s luck, not strategy. If you’re in this game for sustainable gains, focus on projects with real utility that are building something substantial. Here are a few worth watching: Worldcoin: A fresh project with ambitious goals in identity and global finance. Uniswap: The OG of decentralized exchanges with staying power. AAVE: A DeFi powerhouse, already showing strength. Chainlink: The backbone of decentralized oracles, with consistent adoption. Maker: A key player in stablecoins and DeFi. ONDO: Tapping into the rising narrative of tokenized real-world assets. Solana: Speed, scal...

The Bitcoin market price has fallen below its support level, signalling the potential onset of a downtrend towards $49,000. After months of sideways movement, bearish forces are making a play to take control. If sellers successfully break through the key $55,724 to $73,777 range, it could trigger a more significant decline. Former BitMEX CEO Arthur Hayes predicts that Bitcoin could dip below $50,000, while experienced trader Peter Brandt shares a comparable outlook, setting his target at $46,000. Crypto market data daily view. Source:  Coin360 However, not everybody shares the bearish market view. Some analysts anticipate the macro factors to surprise the bears. “Although September is historically a negative month for BTC, the combination of a Fed [United States Federal Reserve] rate cut and a relatively robust US economy could surprise the bears,” Tyr Capital chief investment officer Ed Hindi told Cointelegraph. Will Bitcoin start a new downtrend, p...

DeFi lending platform Venus Protocol, which operates in the BNB Chain ecosystem, is bracing against a significant position in Binance Coin (BNB) that’s on the brink of liquidation as the token’s price spirals — which could cause significant problems for Venus. The position was made by hackers after a major exploit of the BNB bridge last October. Attackers leveraged Venus Protocol to borrow $150 million in stablecoins with a position of 900,000 BNB ($210 million at time of publication). Since the position was made, crypto prices have fallen — bringing it very close to its liquidation point. If BNB’s price falls below $220 it will likely trigger liquidation. At press time, BNB has fallen 23% in the past week, from $300 to $233, in large part due to the Securities and Exchange Commission’s (SEC) lawsuit filed against Binance last Monday. Venus’s plan for major BNB position A proposal was passed in November in order to safeguard against this very moment. If the position ...