Chain News by Thebittimes.Com

Ripple has recently reached a record in XRP millionaire as it continues to ride what has been a 10% weekly surge. Indeed, crypto analytics firm Santiment has noted that addresses with a million XRP have reached a new all-time high. Moreover, it noted that the more than 2,013 addresses have been increasing over the last six weeks, rising 1.3%. That has coincided with positive performances for the asset over the last several days. Although it is currently down more than 3% and trading at $0.53, it is riding a seven-day green streak according to CoinMarketCap. Its continued increases seemingly began with the arrival of the Bitcoin Halving Event on April 19th. Also Read: Ripple: XRP Forecasted to Hit $1 Following Bitcoin Halving XRP Millionaires Reaches All-Time High Throughout the year, a lot of cryptocurrency investors had high hopes for Ripple (XRP). The asset has one of the most promising growth trajectories due to its relevance to cross-border payments and all Ripple Labs...

Dexalot, the decentralized cryptocurrency exchange (DEX), announced the launch of its Central Limit Order Book (CLOB) on Arbitrum, according to the information shared with Finbold on April 24.  The launch sets the stage for Dexalot’s expansion beyond the Avalanche ecosystem. Dexalot on Arbitrum Unlike typical Automated Market Maker (AMM) DEXes, Dexalot’s CLOB exchange operates on a dedicated application-specific blockchain introduced in February 2023.  Picks for you Blocktrade Arcade breaks the 1 million gameplays mark within three months 18 seconds ago AI predicts Silver price for May 1, 2024 17 mins ago Meta spends $8m lobbying as Congress passes TikTok ban 1 hour ago Hedera (HBAR) price prediction as confusion hits over BlackRock’s tokenized fund 1 hour ago By extending its trading infrastructure to Arbitrum, Dexalot aims to bring a range of powerful Features to Ethereum (ETH) Layer 2 (L2) users. With its unique design, CLOB off...

XRP price is recovering higher above the $0.500 resistance. The price is signaling a positive bias and might rally above the $0.580 and $0.600 levels. XRP is attempting a recovery wave above the $0.50 zone. The price is now trading above $0.5150 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.5220 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above the $0.580 resistance. XRP Price Aims Higher After a sharp decline, XRP price found support near the $0.3880 zone. It formed a base and started a fresh increase above the $0.450 resistance, like Bitcoin and Ethereum. The bulls were able to push the price above the $0.50 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. Besides, there was a break above a key bearish trend line w...

Amidst a challenging cryptocurrency market, Cardano (ADA) shows signs of a robust recovery, with artificial intelligence (AI) models forecasting an upward trend in the coming weeks. As the cryptocurrency market continues to navigate through a mix of bearish and bullish signals, Cardano has emerged as a notable performer. After a tumultuous start to the month, where prices fell to as low as $0.4051, ADA has demonstrated a significant recovery, surpassing several critical resistance levels. Earlier in April, ADA experienced a steep decline from the $0.60 range, cascading through support levels at $0.550 and $0.500. However, recent developments have painted a different picture as ADA not only recovered but also breached the pivotal $0.500 mark at the press time, indicating a potential reversal of the bearish trend. Picks for you Gold on a rollercoaster ride as ‘excellent opportunity’ emerges 47 mins ago Buy signal for two cryptocurrencies with negative funding rates ...

Shiba Inu has a string of releases up its sleeves which includes SHIB: The Metaverse, SHI stablecoin, ShibaNet, ShibaSwap 2.0, and Treat token. The Shibarium layer-2 network was the most anticipated development that was released last year in mid-August. The next in line could be the most-awaited Treat token that will brace the cryptocurrency market. Also Read: Shiba Inu: Monthly Investment of $10 Turns Into $15 Million The Shiba Inu team raised $12 million on Monday for a stake in its upcoming layer-3 blockchain. The stake will come in the form of the new Treat token. The VCs that provided the $12 million include Animoca Brands, Polygon Ventures, DWF Ventures, Spirit Dao, among others. The Treat blockchain will also feature ‘Fully Homomorphic Encryption (FHE), which increases the privacy of the network’s transactions.  Also Read: Shiba Inu: Here’s When SHIB Could Hit $0.001 “Thr...

Bitcoin price extended its increase and climbed above the $66,000 resistance zone. BTC is now showing positive signs and might find bids near $65,500. Bitcoin gained pace for a move above the $65,500 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls might remain active near the $65,500 support. Bitcoin Price Gains Strength Bitcoin price started a fresh increase above the $64,500 and $65,000 resistance levels. BTC bulls even pushed the price above the $66,000 resistance. It traded to a new weekly high at $67,200 and is currently consolidating gains. The price is slowly moving lower toward the 23.6% Fib retracement level of the upward move from the $64,281 swing low to the $67,200 low. Bitcoin price is still trading above $65,500 and t...

The Bitcoin market is currently experiencing a tense confrontation between buyers and sellers around the $69,000 threshold, with buyers maintaining a slight advantage. The BTC Market is persistently hovering near the $69,000 mark, signalling an intense struggle between bullish and bearish forces. While some analysts anticipate that the impending Bitcoin halving could serve as a significant catalyst, recent findings from CryptoQuant, a crypto analytics firm, suggest that the impact of the halving is diminishing over time. According to their research, the reduction in new Bitcoin issuance relative to selling pressure from long-term holders is becoming less pronounced. Adding to the near-term cautious sentiment is Arthur Hayes, co-founder of BitMEX, who predicts pronounced weakness in high-risk assets until May 1st. However, Hayes remains optimistic about the medium-term outlook, foreseeing a price surge driven by the Bitcoin halving. Crypto market data daily view. So...