Cardano’s ADA token has surged by 12% in the last 24 hours, becoming the frontrunner among major cryptocurrencies as Bitcoin experiences rangebound trading. This recent increase brings ADA’s value above $1, marking a three-week high. While Bitcoin, Ethereum, Solana, and Dogecoin saw smaller gains, the overall CoinDesk 20 index rose by 1.57%. Traders predict that ...
Bitfarms Ltd. has announced significant improvements in its production and operations for December 2024. The company achieved a 97% year-over-year increase in hashrate, reaching 12.8 EH/s, and enhanced efficiency by 40% to 21 watts per terahash. For the full year, Bitfarms earned 2,914 BTC and expanded its operational capacity by 35% to 324 MW. CEO ...
A new frog-themed memecoin, Kekius Maximus, saw a dramatic price jump after Elon Musk changed his username on X to “Kekius Maximus.” This name hints at the frog-headed Egyptian god Kek, known in online culture for evoking laughter. The change resulted in the altcoin skyrocketing over 32,000%, rising from $0.00123 to a high of $0.40 ...
Samson Mow, a strong advocate for Bitcoin and CEO of JAN3, has made bold predictions for 2025, including that Bitcoin could reach $1 million. He expects three more countries to adopt Bitcoin as part of their financial strategies and anticipates JAN3 will help ten additional nations in this process. Mow also forecasts a significant rise ...
In 2024, DL News showcased some of the most captivating stories in the fast-paced world of crypto. Highlights included the dramatic detention of Binance executives in Nigeria over Market manipulation allegations, speculations around the true identity of Bitcoin creator Satoshi Nakamoto, and the fascinating rise of prediction betting on Polymarket. The potential threat of quantum ...
MicroStrategy, a business intelligence firm, continues to aggressively buy Bitcoin, with its latest purchase of 2,138 BTC costing $209 million. This brings their total Bitcoin holdings to 446,400 BTC. The buy, announced on December 30, occurred between December 23 and December 29 at an average price of $97,837 per Bitcoin. Despite this substantial acquisition, MicroStrategy’s ...
A prominent crypto analyst is cautioning that the Market might not have completed its correction. Known as Kaleo, he shares with his 675,300 followers on X that Bitcoin and other cryptocurrencies could see lower prices before any significant rallies begin. He advises to enjoy the current calm before the expected volatile upward movement resumes. Other ...
As the year comes to a close, many crypto investors are hoping for a Santa Claus rally, similar to trends seen in stock markets. However, major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have recently experienced declines of 3.6%, 4.6%, and 5.7%, respectively. Factors such as low trading volumes and fears of rising interest rates have ...
Jeff Park, the head of alpha strategies at Bitwise Invest, recently suggested that if the U.S. creates a Bitcoin reserve, the price of Bitcoin could reach $1 million by 2025. He mentioned that this would be based on specific calculations, although he believes that only 10% of this reserve might become a reality next year. ...
On Christmas Day, Bitcoin surged past $99,000, driven by renewed Market optimism and a recovery from a recent low of $92,973. This increase, exceeding 5% in just 24 hours, coincided with gains in altcoins like Ethereum, XRP, and Solana, contributing to a global crypto Market cap rise of 3.5%, now at $3.44 trillion. However, the ...
