Analysis Crypto by Thebittimes.Com

A surge in market inflows to spot Bitcoin exchange-traded funds (ETFs) has prompted analysts to project a potential rise in Bitcoin’s value to $200,000 by the end of 2025. This upward momentum could also create favourable conditions for several altcoins to gain traction. On 23 April, Bitcoin’s price approached the $95,000 resistance mark, supported by strong capital inflows into spot BTC ETFs and encouraging economic indicators in the United States. Data from Farside Investors showed that these ETFs attracted net inflows of $381.3 million on 21 April and a further $912.7 million on 22 April. Market analysts at Standard Chartered and Intellectia AI suggested that growing institutional interest in Bitcoin ETFs, coupled with BTC’s appeal as a hedge against broader economic uncertainty, may be key drivers behind the asset’s long-term potential to reach the $200,000 milestone. Crypto market data daily view. Source:  Coin360 Not everyone is convinced about the cur...

The market outlook remains bearish after Bitcoin slipped below the $60,000 mark. Despite this downward trend in BTC’s price and its impact on cryptocurrencies like Ethereum (ETH), certain altcoins have decoupled from Bitcoin’s influence. While BTC’s price dropped as low as $58,752.78 in the past 24 hours, several altcoins, such as Arbitrum, Arweave, and BNB, have shown resilience, posting gains and upward momentum. As a result, investors are now shifting their attention to the altcoin market, seeking potential opportunities to invest in promising cryptocurrencies. Top Crypto to Invest in Right Now Recently, Arweave introduced a new protocol called ArFleet, which focuses on temporary data storage. Meanwhile, PlayDoge has gained considerable attention in the crypto community, raising over $6 million as it approaches the end of its presale. Additionally, the TON blockchain team has introduced a new initiative called TON Nest, which aims to support early-stage projects ...

Buyers are finding it challenging to maintain Bitcoin’s sharp recovery from 8 August, suggesting that sellers are still active at higher market levels. Bitcoin is nearing a potential death cross, where the 50-day simple moving average (SMA) drops below the 200-day SMA. Although this pattern is typically seen as bearish, analyst Timothy Peterson pointed out on X that Bitcoin has shown a median gain of 18% within two months following the eight death crosses since 2015. Bitcoin whales appear to be anticipating a bullish trend. Those holding between 10 and 1,000 Bitcoin made significant purchases on 5 and 6 August. However, this optimism wasn’t shared by spot Bitcoin exchange-traded fund (ETF) investors, who sold during those two days, leading to a net outflow, according to data from Farside Investors. Crypto market data daily view. Source:   Coin360 The panic selling and the subsequent recovery in Bitcoin in the past few days suggest that the bulls ...

BNB Bridge Attacker Health Falls Below 1 The Venus community, having previously encountered such situations, had successfully navigated a similar challenge by passing a governance proposal to whitelist the liquidation of the BNB Bridge exploiter’s position. The current scenario resonates with history, as the health of the exploiter’s address (0x48…9bec) dips below 1 once again, triggering the risk of liquidation. This address bears 784,616.10 BNB in collateral and holds a substantial debt position of 124 million USDT+USDC. advertisement The BNB Bridge hack in October 2022, which established itself as one of the most major exploits in crypto and DeFi history and netted over $593 million in BNB , set the stage for this dire situation. The hacker used 900,000 BNB worth $200 million on Venus as collateral to borrow stablecoins worth $150 million in the aftermath in an attempt to launder illicit proceeds. Despite this incident, the Venus protocol...