Analysis Crypto by Thebittimes.Com

Popular cryptocurrencies are on edge as investors wait for their upcoming token unlocks that will lead to more dilution. Arbitrum’s ARB token was trading at $1 on Sunday, down by over 58% from its highest point in 2023, and is near its lowest swing since December 1st last year.  Top token unlocks ahead AEVO, a newly launched token , has also tumbled to about $1.20, its lowest level on record. It has crashed by more than 68% from its highest level this year.  Render Token (RNDR), on the other hand, has defied gravity as other cryptocurrencies slip. It jumped to a high of $11.5, its highest swing since March 27th. It has soared by over 75% from its lowest level in April, helped by the rising demand for artificial intelligence (AI) assets. It is also nearing its highest level this year. These cryptocurrencies will be in the spotlight this week as investors focus on their upcoming token unlocks. A token unlock is a situation where more coins are released to the m

Cryptocurrency short-sellers have benefited in the last two months amid a short-term downtrend for the crypto market since March. Conversely, Finbold has spotted two cryptocurrencies signaling potential short squeezes and price surges for next week. In this context, bullish diverges appeared in the price charts and among notable technical indicators, signaling a trend reversal. This fuels the usual short-squeeze alerts: negative funding rates, short-position volume increases, and leverage liquidations accumulation at higher levels. Moreover, a rising optimism in India with reopened doors for offshore crypto exchanges validates the market potential for the following weeks from a regulatory and fundamental perspective. Picks for you Opportunity? China’s demand for gold surged 68% YoY in 2024 Q1 2 hours ago Investing veteran warns three market crashes coming as 'euphoria' is fading 2 hours ago Bullish divergence: Crypto market with potential reversal ahea

As May 2024 progresses, the cryptocurrency market is experiencing the ripple effects of the Bitcoin (BTC) halving event that took place in April—a key event often seen as a bullish catalyst for Bitcoin and the broader cryptocurrency landscape. This positive sentiment is proving advantageous for several cryptocurrencies nearing significant market cap milestones, particularly the $1 billion mark. Despite the prevailing market trends, certain assets are showing strong potential for growth, supported by robust underlying fundamentals. Building on this trend, Finbold has identified two cryptocurrencies poised to attract a substantial capital inflow in May 2024, potentially propelling them toward the $1 billion market cap milestone. Notably, these assets are already approaching this significant threshold. Picks for you Ethereum Dencun upgrade turns ETH inflationary again 2 hours ago Can SOL flip ETH? Solana surpasses Ethereum in DEX volume 2 hours ago ‘Nvidia of cry

The non-fungible token market has been experiencing another bear market season for the past few weeks after the recent Ordinal market hype that brought hope to investors faded. Even though many non-fungible token collections are down in sales volume and floor price values, they are alive, well, and kicking. Below, we have listed ten top-selling NFTs by volume, according to CoinGecko rankings. 1. Pudgy Penguins NFT Collection Pudgy Penguins, a non-fungible collection from the toy brand Pudgy Penguins featuring a fixed set of 8,888 NFTs, is this week’s most-selling NFT collection. In the past 24 hours, the Pudgy Penguins NFT collection has amassed a trading sales volume of 849 ETH. The Pudgy Penguins NFT has a market capitalization of $304 million and a floor price of $34,213. 2. Mutant Ape Yacht Club NFT Collection Mutant Ape Yacht Club, a non-fungible token collection from the digital asset firm Yuga Labs featuring a limited supply of 20,000 NFT collections, is this week’s second m

In 2021, former President Donald Trump made no secret of his disdain for cryptocurrencies, describing them as ‘potentially a disaster waiting to happen’ and professed his appreciation for the good old American dollar. By 2024, the stance of the presidential candidate Donald Trump has seemingly undergone a radical change. Not only did the controversial billionaire release several rounds of self-inspired non-fungible tokens (NFTs) but has seemingly – much like his Republican party – embraced the crypto market. Indeed, on May 8, he openly discussed Bitcoin (BTC) and other cryptocurrencies – including the Jeo Boden (BODEN) meme coins – explaining he now accepts donations in digital assets and noting that his victory would benefit the crypto community far more than a defeat. Picks for you US billionaires pay lower taxes than working class amid growing inequality 31 mins ago EU Securities Authority weighs adding crypto to €12 trillion investmnent market 1 hour ago P

The currency wars are now intensifying as the US dollar surges against global markets, and their “moolahs” are now becoming a regular phenomenon. The US dollar has lately emerged as one of the strongest currencies, despite the massive negative outpour that the USD has been receiving as of late.  The American currency has lately been enjoying global attention, noting upticks in its valuation, fueled partly by the Federal Reserve’s stance on maintaining rates on a neutral threshold.  Also Read: The US Dollar Is As Strong As It Was In The 2000s The US Dollar Surges Against World Currencies Source: Pixabay In a recent update, the US dollar surge has gone global, competing with other world currencies and narratives. The new data metrics uploaded by analyst Michael A. Arouret depict a new story of USD outshining its contemporaries.  The new chart updated by Arouret echoes the unparalleled triumph of the USD . The chart projects the USD as one of the most widely used cu