Cryptocurrency News Today TheBitTimes.com

A crypto trading expert has shared a compelling Analysis of the interplay between Bitcoin (BTC) and gold, highlighting the role of the precious metal in determining the next crypto bull run. In an X post on July 31, crypto analyst CryptoCon suggested that Bitcoin bull markets have historically commenced as gold bear markets begin. Notably, Bitcoin’s bull run in 2013 started in the same period as the gold bear market of that year. A similar pattern emerged in 2017, with Bitcoin’s bull run coinciding with the gold bear market, and the trend continued in 2021, reinforcing the inverse relationship between Bitcoin’s ascendance and gold’s decline. Picks for you 2 cryptocurrencies to reach $5 billion market cap in August 7 mins ago ...

Bit-Chess is announcing the pre-sale of the world's first fully decentralized chess platform, combining the classic strategy game with the innovative cryptocurrency world. This platform will change how millions of people interact with chess online, providing a digital space where players can enjoy their favorite game, compete in global tournaments, and earn rewards through play-to-earn mechanisms. Bit-Chess is an entry point for both experienced players and newcomers to the crypto space. It provides tools and guides to help even inexperienced users become acquainted with cryptocurrencies by creating in-game wallets upon first login. This is the first chess game to use Web3 technology, and all participants can earn money while playing. During the presale, 500 out of 2,000 special NFTs will be available, with the remaining NFTs distributed via tournaments and auctions. Unless NFT holders agree otherwise, the team will manage 1,500 NFTs, preserving their rarity with a cap of 2,000...

The fresh pullback from the $70k level signals renewed bearish sentiment in the crypto market despite the euphoria of the recent Bitcoin conference. The price of BTC made its first attempt to reclaim the S70k price this quarter but encountered a major sell-off, particularly signifying the gradual return of the bears.  While they anticipate a clear direction for the giant cryptocurrency, investors are turning the altcoins market for viable investment opportunities. The top trending cryptocurrencies on the Polygon chain are among the top on investors’ watchlists, and this article details the market data for each project. Most Trending Cryptocurrencies on Polygon  Meanwhile, the presale offering of the WienerAI project native cryptocurrency, WAI token, ends tomorrow, 31st of July. The project’s presale program can pass as one of the most successful this quarter, with over $8 million raised so far. The project details and the token’s presale offering are inclu...

Crypto.com, a leading crypto trading platform, has announced a new partner ship with the Abu Dhabi Combat Club (ADCC) for the upcoming ADCC Submission Fighting World Championship 2024, as per the latest updates disclosed to Finbold on July 30. Mo Jassim, Head Organizer of ADCC, commented on the partnership, deeming it a perfect opportunity to engage sports fans and crypto enthusiasts alike: “Crypto.com wrote the playbook for successful sports marketing. As both cryptocurrency and ADCC become more mainstream by the day, we believe this a perfect partner ship to elevate both brands with highly engaged audiences.” Picks for you Nicolás Maduro’s net worth revealed: How rich is the controversial Venezuelan president? 24 mins ago Tesla's U...

Following what has been an impressive few weeks for Ripple, one analyst has recently discussed the possibility of XRP targeting $100 in 2025. Such a surge would require the crypto to increase more than 16,500% from its current position. Yet, there does seem to be a potential path in place. Over the last 30 days, XRP has rallied more than 26% in value, according to CoinMarketCap. Although it has experienced a bit of a setback today, the asset is still hovering around the $0.6 mark. Also Read: Ripple (XRP) to Surge? Expert Reveals 6 Bullish Factors XRP to $100? Analyst Says Its Closer Than You Think The last week of July is set to be critical for Ripple. Earlier this month, an analyst predicted the years-long legal battle with the US Securities and Exchange Commission (SEC) was set to reach a settlement this week. That is expected to catapult the token’s price that has been stagnant more often than not over the last several months. That could be set to pave the way for Ripple (XRP) ...

The Mog Coin price surged 13% in the last 24 hours to trade at $0.000001885 as of 03:47 a.m. EST on trading volume that plummeted 35% to $30 million. This comes despite PeckShieldAlert reporting a major altcoin phishing incident that resulted in substantial losses in $MOG and $BASED. #PeckShieldAlert #Phishing An address 0x9B2269…6c1D has fallen victim to a #phishing by #Fake_Phishing187019, resulting in a loss of 82B $Mog (worth ~$140K) on #Ethereum & ~1.7M $BASED (worth ~$10K) on #Base pic.twitter.com/lkjwDsQcCD — PeckShieldAlert (@PeckShieldAlert) July 28, 2024 The theft resulted in the theft of 82 billion $MOG tokens from the Ethereum network worth approximately $140,000. About 1.7 million $BASED tokens worth around $10,000 were stolen from the Base network. Mog Coin Price To Continue Its Surge Over Its Resistance Mog Coin Price Chart Analysis Source: GeckoTerminal.com The Mog Coin has been on a downtrend in the past week but found its support around $0.00...

Cantor Fitzgerald is looking to launch a Bitcoin financing business with an initial capital of $2 billion. The financing services giant’s CEO announced the plans at Bitcoin 2024. Cantor Fitzgerald will partner with top Bitcoin custody pltforms to offer leverage to investors that hold BTC. Cantor Fitzgerald, a New York-based global financial services company, will invest an initial $2 billion in a new Bitcoin financing business, the firm’s CEO Howard Lutnick announced at Bitcoin 2024. The company confirmed the plans via a press release. Cantor Fitzgerald eyes BTC financing business According to the Cantor Fitzgerald CEO and per details in the news release, the new business venture will offer leverage to investors holding Bitcoin. The firm will invest more into the financing platform after the initial $2 billion splash. “We are excited to help unlock Bitcoin’s full potential and continue bridging the gap between traditional finance...

Ethereum (ETH) recorded a significant loss in price this week following the trading debut of Ethereum spot ETFs. According to data from CoinMarketCap, ETH has declined by 6.60% in the last seven days, falling as low as $3,100. However, amidst this price crash, CryptoQuant analyst burakkesmeci has made an important observation with a potential impact on market movement. Related Reading Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance? 1 day ago Ethereum Open Interest Surges By $1.5 Billion In Three Weeks In a Quicktake post on CryptoQuant, burrakesmeci shared that the Open Interest (OI) on Ethereum has risen by a remarkable $1.5 billion in the past three weeks. For context, Open Interest refers to the total number of outstanding positions for a particular asset. Generally, an increase in Open Interest indicates a rise ...

Marathon Digital Holdings recently made waves by purchasing $100 million in Bitcoin, signaling a major shift back to holding all mined Bitcoin on its balance sheet. After selling its Bitcoin to cover operating costs during the bear market, Marathon is now embracing Bitcoin’s resurgence. With Bitcoin up 51% this year and currently valued at around $64,000, the company’s move reveals growing institutional confidence. This strategic pivot highlights Bitcoin’s recovery and could influence other leading tokens in the market. Consequently, Marathon’s decision reflects broader optimism and may signal positive changes in the crypto market. As Bitcoin continues to rise, Marathon’s bold approach may set a new trend for institutional investment.   Biggest Crypto Gainers Today – Top List Today, the crypto market witnessed impressive gains, with UMA, Aave, Azuro Protocol, and Pendle standing out. UMA surged 17.16% to $2.54, driven by its innovative, Optim...

Solana’s (SOL) current rally will likely culminate in another record high, with the decentralized finance (DeFi) project mirroring past trading patterns. Notably, in an X post on July 26, crypto trading expert Ali Martinez drew striking parallels between Solana’s current price movement and a historical pattern from July 2021, suggesting a substantial price increase to $1,000 could be imminent. Martinez’s analysis compares two key charts showcasing Solana’s price behavior between 2024 and 2021. Both charts display a consolidation phase followed by a breakout, implying a potential major price surge. Picks for you Robert F. Kennedy Jr.’s net worth revealed: How rich is the 2024 independent presidential candidate? 1 hour ago ...