
Bonk Price Prediction: 38% Volume Spike, Harmonic Reversal Fuel Hopes of Short-Term 70% Rally
BONK shows early reversal signs after breaking above a six-week falling wedge pattern, trading near $0.00001506 with renewed volume and EMA reclaims.
BONK shows early reversal signs after breaking above a six-week falling wedge pattern, trading near $0.00001506 with renewed volume and EMA reclaims.
Arbitrum rallied 9% on Wednesday following Robinhood’s announcement of US stock trading on the Layer-2 network. The move expands Arbitrum’s use case beyond DeFi while Trump’s ceasefire news further boosted crypto market sentiment.
Cardano price jumped 6.07% on July 2, recovering from the critical $0.50 support level that has historically triggered reversals, though broader bearish trends persist.
Standard Chartered analysts have predicted that the Bitcoin price will reach $135,000 by September 30 and $200,000 by December 31.
The European Central Bank plans on launching a blockchain settlement pilot that will allow DLT transactions to be settled with the central bank money.
China’s central bank has asked officials to explore the use of stablecoins for cross-border payments, potentially signaling a shift in policy despite the country’s ongoing crypto ban.
US M2 money supply hits a record $21.94T, raising hopes for a crypto rally. Bitcoin shows strength despite low institutional interest and a cautious market.
A U.S. judge has dismissed Tether’s attempt to stop Celsius Network from proceeding with its $4 billion Bitcoin lawsuit.
Bitcoin’s growing institutional embrace has pushed altcoins into a holding pattern, but signs are mounting that a pivot is near.
Despite market volatility, spot Ethereum ETFs continue to attract capital, with BlackRock’s iShares Ethereum Trust (ETHA) leading the charge.
Humanity Protocol (H) returns to the spotlight with a sharp 90% price gain in 24 hours, driven by high trading volume and whale involvement.
Pudgy Penguins (PENGU) defies crypto market volatility with a 47% weekly surge, driven by whale accumulation and an upcoming game launch.
Ripple Labs has locked up 400 million XRP in escrow, as identified by Whale Alert, as the schedule comes with a minor adjustment overall.
Leading cryptocurrencies like Bitcoin, XRP, and Solana are waiting for a major catalyst to push them upward, but they might not see one for now.
US spot Bitcoin ETFs saw their first significant outflows on July 1, totaling $342 million, ending a 15-day inflow streak.
For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.