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Crypto trading volume more than doubled this week: PEPE, DOGE, APT, ORDI are top gainers

Bitcoin price rallied to its new yearly high, at $64,000 on Binance, pushed the overall crypto market capitalization...
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Six reasons why Polygonโ€™s MATIC price will make a comeback in 2024

MATIC price could be due for a major rally in the coming weeks for two main reasons: the circulating supply of Polygonโ€™s token is now at 100%, and it is an Ethereum Layer 2 solution, which plays into the ongoing positive narrative for all Ethereum-related...
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Bitcoin price stalls as Grayscale approaches SEC for options on spot BTC ETFs

Bitcoin (BTC) price has recorded an impressive rally this week, recording milestones that merited BTC for headlines across crypto news sites and...
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Gaming tokens surge, in spillover effect from Bitcoin price rally: GALA, SAND, ENJ, BEAM, APE

Prices of several gaming tokens increased sharply on Friday, a surge that can be broadly attributed to the overall recent growth in cryptocurrency markets but more specifically to the recent Bitcoin (BTC) price rally to a local top of...
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Bitcoin Elliott Wave technical analysis [Video]

Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (III) Wave Cancel invalid level: 31046.25 Bitcoin/...
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Ethereum Layer 2 transaction volume surges driven by system upgrades, increasing partnerships

Ethereum ecosystemโ€™s scaling solutions, Layer 2 chains, have observed a steady increase in their transaction volume since the beginning of the...
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Worldcoin price defends $7.00 despite Elon Muskโ€™s confirmation of legal action against OpenAI

Worldcoin (WLD) price holds up well above the $7.00 level on Friday, fuelled by the Nvidia-infused rally and largely shrugging off reports that Elon Musk will take legal action against OpenAI and its CEO, Sam Altman, who is one of the creators of...
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BNB Price Forecast: Outlook remains bullish despite Nigerian government case against Binance

Binance (BNB) price clings firmly to the bullish outlook seen across cryptocurrency markets on Friday, undeterred by ongoing developments as the Nigerian government grins at Binance...
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Bitcoin price takes a breather as total balance held by US ETFs soars past 760,000 BTC

Bitcoin (BTC) price continues to hold above $60,000 milestone, with the bulls seizing every weakness to buy the...
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GMX price could make a 50% climb as GMXโ€™s daily chart is governed by a bullish pattern

GMX (GMX) price has been trading within a range for months, forming a series of higher highs and then higher lows, culminating in an inverse head and shoulder...
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Celo price confirms breakout after CELO L2 migration details

Celo (CELO) price remains broadly bullish, with multiple technical indicators favoring the upside, it comes after the revelation of retails relating to the networkโ€™s migration to Layer 2 (L2) network on March...
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Bitcoin NFTs make comeback in weekly sales, flipping Ethereum

Bitcoin nonfungible tokens (NFT) sales have just surpassed Ethereum over the last seven days following a sudden spike of Bitcoin Ordinals-based NFT collections, led largely by the collection...
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Bitcoin NodeMonkes NFT collection sees massive spike in demand by whales

Bitcoin (BTC) has seen a resurgence in the non-fungible token narrative with NodeMonkes, a collection of pixelated NFTs on the BTC...
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Tetherโ€™s USDT stablecoin hits historic $100B market cap

Crypto stablecoin Tether (USDT $1.00) has crossed an all-time high market capitalization of $100 billion, posting a 9% year-to-date growth and furthering the gap between its next-largest rival, USD Coin (USDC...
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We will be back online today. Bot has had some upgrades to include Telegram Project scanning for Alpha projects
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Notable Event
Source

10-Year Slumber Over: 1,701 BTC Wallet Awakens
A dormant wallet containing 1,701 Bitcoin, valued at approximately $115 million, was reactivated after 10.1 years of inactivity. The wallet, last active in 2013, recently executed a transaction transferring 245 Bitcoin worth $16 million to an unknown wallet. The transaction took place on the Bitcoin blockchain, marking a significant event in the cryptocurrency world.
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Ripple CEO's Bullish Crypto Forecast: $5 Trillion Market by 2024
Source

Ripple CEO Brad Garlinghouse has boldly predicted that the total crypto market cap will surge to $5 trillion by the end of 2024, sparking excitement and speculation within the crypto community. This forecast would represent a doubling of the current market cap, which stands at approximately $2.5 trillion. The potential implications of such growth are significant, possibly impacting the financial landscape and cryptocurrency adoption worldwide. The Ripple community and beyond are now buzzing with anticipation and curiosity about the future of the crypto market.
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Bitcoin Halving

02 DAYS 14 HOURS

The bitcoin halving is imminent. This technical event, written in bitcoinโ€™s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half.

The aim is to reduce the pace at which new bitcoin enter the market. Since there will ever only be 21 million bitcoin, the halving serves to create more bitcoin scarcity.

In the past, halving has preceded massive rises in bitcoin prices to new all-time highs. But this time, things are different.

The bitcoin โ€œhalvingโ€ is almost upon us.

This technical event, written in bitcoinโ€™s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market.

Since there will ever only be 21 million bitcoins, the halving serves to create more scarcity.

In the past, halving has preceded massive rises in bitcoin prices to new all-time highs. But this time, things are different.

Bitcoin has already hit a new record high, before the halving has taken place. Thatโ€™s because the approval of spot bitcoin exchange-trade funds has excited the market and brought in lots of demand for the cryptocurrency.

It is highly probable that Bitcoin can see a drop of 30%+ after the halving, before rocketing to $100k+ by the end of the year.
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Notable Tweet
Source

My targets for next 12-15months:

$BTC: $100k-$250k
$ETH: $10k-$15k
$BNB: $900-$1,400
$SOL: $450-$650
$XRP: $3-$5
$DOGE: $1
$DOT: $100-$120
$LINK: $250-$500
$AVAX: $200-$300
$ICP: $120-$160
$INJ: $180-$250
$TIA: $100-$150
$MANTA: $30-$70
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Bitcoin Halving
Less than one hour to go

840,000
Event Block Height

839,994
Current Block Height

564.0
Block Time

USD 63607.99
Exchange Rate

BTC 1.25 t
Market Cap

Difficulty
86.389 t

What is a Bitcoin block halving event?
Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code.

Why was this done?
Conventional FIAT currencies are subject to inflation due to the ability of governments or banks to increase the money supply. Unlike these currencies, Bitcoin has a capped total supply of 21,000,000 BTC, meaning no additional coins can be created beyond this limit. This finite supply, alongside potential changes in demand as more people adopt Bitcoin, positions it similarly to gold - a resource with a limited supply that cannot be artificially increased.
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