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The Bitcoin price currently stands at $27,100, signaling a 60% drop from its 2021 peak of $69,000. As anticipation mounts for the next bullish phase, investors are grappling with questions about Bitcoin’s future price trajectory. Since its inception, Bitcoin has been a paragon of exponential growth, rewarding early adopters handsomely. This upward trend can be vividly seen when comparing the lows and highs of Bitcoin’s price across different bull markets. In 2011, Bitcoin peaked at $33, followed by a staggering $1,240 peak in 2013, translating to a remarkable 3,800% surge between these points. Subsequent peaks in 2017 and 2021 hit $20,000 and $69,000, showcasing increases of 1,600% and 350%, respectively. Similar patterns emerge when examining the lows of these market cycles. However, the growth rate between these cycles has diminished, possibly due to Bitcoin’s increased market capitalization, which demands more substantial investments to influence its price. This diminishing growt

According to a report by Polygon, they have harnessed the same robust infrastructure that powers YouTube and Gmail to fortify their network security. On September 29, Polygon Labs made a significant announcement – Google Cloud has officially joined the Polygon proof-of-stake network as a validator. Google Cloud is now part of an elite group of over 100 validator s, all engaged in verifying transactions within its layer-2 Ethereum network . Polygon Labs made the partnership official through a post on the X platform (formerly known as Twitter), stating: “The formidable infrastructure that underpins @YouTube and @gmail is now instrumental in enhancing the security and efficiency of the Ethereum-for-all Polygon protocol.” Validators within the Polygon network play a pivotal role in safeguarding its integrity. They achieve this by operating nodes, staking MATIC, and actively participating in proof-of-stake consensus mechanisms. The Google Cloud Singapore division confirmed via X that

The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare? The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it's evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of their 2% target rate. U.S. Treasuries have lost a staggering $1.5 trillion in value, primarily due to these rate hikes. This has led investors to question whether Bitcoin (BTC) and risk-on assets, including the stock market , will succumb to heightened interest rates and a monetary policy aimed at cooling economic growth. Theoretical losses of U.S. Treasury holders, USD. Source: @JoeConsorti As the U.S. Treasury keeps flooding the market with debt, there's a real risk that rates could climb even highe

U.S. Representative Don Beyer has introduced a new bill, the Off-Chain Digital Commodity Transaction Reporting Act. This bill aims to safeguard investors from manipulation, disputes, and fraud in the crypto market. According to the new proposal, every trading platform must report all transactions to a repository registered with the Commodity Futures Trading Commission (CFTC).  You might also like: US CFTC official calls for developing fraud database Rep. Beyer stated: “As consumers increasingly turn to large digital asset trading platforms to conduct their business, thousands of transactions each day are conducted off the publicly verifiable blockchain,”. “Unfortunately, internal record keeping among these private entities can vary wildly, and this can leave investors and consumers vulnerable to fraud and manipulation. This bill is a common-sense measure to restore some transparency and confidence to the digital asset market.” The main objective of this bill is to mo

The U.S. Securities and Exchange Commission has thrown a wrench into the plans of Invesco, Bitwise, and Valkyrie by imposing unexpected delays. A decision by the United States Securities and Exchange Commission, one that carries significant implications, has been postponed. The decision pertains to several proposals for spot Bitcoin exchange-traded funds (ETFs), including a notable name like BlackRock. This unexpected delay looms ominously, coinciding with the anticipation of a government shutdown. In an unforeseen turn of events, the SEC has chosen to prolong the evaluation of the spot Bitcoin ETF applications submitted by Invesco, Bitwise, and Valkyrie. This decision, as reported in separate filings dated September 28, adds an air of uncertainty to the crypto landscape. Notably, Bloomberg’s ETF analyst, James Seyffart, anticipates that similar postponements may afflict the applications put forth by Fidelity, VanEck, and WidsomTree, adding to the general sense of unpredictability.

Terra Classic (LUNC) sees renewed bullish vigor, eyeing $0.00007000 as resistance looms. High trading volume propels LUNC’s positive trend, with bulls setting a month high. KST indicator signals bullish solid momentum despite MACD hint of a potential trend shift. Bullish momentum for Terra Classic (LUNC) has resurfaced during the last 24 hours after finding support at the day’s low of $0.00006284. As a result, buyers drove the price of LUNC to a new 4-week high of $0.00006716 before meeting some resistance and prompting a modest correction. This price increase indicates buyers have regained interest, which bodes well for continuing the current positive trend. At press time, LUNC was trading at $0.00006483, a 0.37% increase over the previous day’s closing price. The increased trading volume reflects the significant purchasing pressure in the market, which lends more credence to the market’s positive momentum. If this trend continues and the $0.00006716 resista

If SHIB can maintain its support at $0.0000070, it could look to target levels above $0.00001. Similarly, if DOGE remains above $0.06, it could move towards the next resistance around $0.06344. Both PEPE and BONE are challenging key resistance levels after they recently rebounded from major support levels. Over the past 24 hours, most of the popular meme coins such as Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) saw their prices rise, but Bone ShibaSwap (BONE) experienced a price decline despite its success over the past week. However, all 4 tokens still have the potential to see their prices rise in the coming days if things go well. Shiba Inu (SHIB) Since mid-April of this year, Shiba Inu (SHIB) has been experiencing a volatile journey in the cryptocurrency market, with its price fluctuating between the lower end at $0.0000068 and the upper end at $0.0000076. At press time, the meme coin was worth about $0.00000725 after its price experienced a sl

Ethereum is showing promising signs of a potential bounce-back after staying rooted above the $1,565 support level. Following Bitcoin’s lead, Ethereum is moving cautiously, building momentum towards breaking crucial resistance points. Recent developments saw Ethereum ascend past the $1,580 and $1,590 marks. Significantly, the price surpassed the 23.6% Fib retracement level stemming from a drop between the highs of $1,669 and lows of $1,565. Moreover, Ethereum broke free from a significant bearish trend line, encountering resistance near $1,590 on the ETH/USD hourly chart. Currently, Ethereum is trading north of the $1,590 mark and remains buoyed by the 100-hourly Simple Moving Average. As we look upwards, immediate resistance lurks at the $1,600 bracket. A more substantial barrier awaits at $1,620, aligning with the recent slide’s 50% Fib retracement level from $1,669 to $1,565. If Ethereum pours through the $1,620 resistance, the CRYPTOCURRENCY might set its sights higher, moving

Shiba Inu recently defied its uptrend on the daily timeframe chart and has been consolidating around the $0.000007 threshold. In fact, it continues to trade below all its crucial EMAs. On the weekly timeframe, the weakness was even more prominent. As observed, SHIB is on a downtrend and continues to be engulfed within its descending channel. The current price action does not serve as an incentive for investors to step into the market. However, it should not be forgotten that being undervalued means it costs less to become a millionaire because SHIB could be acquired at a discount rate. So, in this article, we will analyze the prospects of becoming a SHIB millionaire. SHIB/USDT by TradingView Also Read: Fact or Fiction? Can Shiba Inu Make You A Millionaire By 2030 Can You Become a Shiba Inu Millionaire? With an investment of merely $7, investors can accumulate 1,000,000 SHIB tokens today and become a ‘millionaire’ whale. At this stage, it is important to note that the Shiba

The price of BONE surged after its renouncement was announced on X yesterday. At press time, BONE was trading hands at $0.9007 after its price climbed by 5+%. The altcoin may have the technical foundation needed to close a daily candle above the $0.9065 price point. On September 27, it was revealed on X (formerly Twitter) that Bone ShibaSwap (BONE) had been renounced. Following the announcement, the price of the governance token ended up surging as a result, reaching a high price of $0.9264 over the past 24 hours of trading. The deed is done, $BONE is now renounced via the TopDog contracthttps://t.co/ct3QFQMlhV We will continue to build decentralized, permissionless systems for the benefit of the community. — Kaal (@kaaldhairya) September 26, 2023 When a smart contract is renounced, it signifies that the original creator of the contract is relinquishing control over it. This action could provide investors with a sense of reassurance because it means the

More and more Ethereum blockchain operators have complied with sanctions from the OFAC, raising censorship concerns among decentralization proponents and network participants. Toni Wahrstätter, an Ethereum researcher, noted that five of the six largest block builders on Ethereum’s blockchain actively censor certain transactions in line with the Treasury Department’s Office of Foreign Assets Control (OFAC) directives.  Most of these censor ed transactions originate from decentralized mixer Tornado Cash, according to Wahrstätter, a protocol blacklisted by the Treasury Department due to its use by bad actors, including the North Korean hacker organization Lazarus. New dashboard online – https://t.co/1Pnbe14NLG May it shed light onto the extent of censorship and guide us towards implementing practical solutions for enshrining a strong form of censorship resistance. More info pic.twitter.com/zyau9L3W1h — Toni Wahrstätter (@nero_eth) September 26, 2023 Wahrstätter’s research further

WAGMI Games aims to achieve mass adoption by seamlessly integrating mobile gaming, deep lore, and immersive storytelling. The upcoming WAGMI Games’ Founder’s Packs are poised to make a mark in the evolving NFT ecosystem. The WAGMI Games’ Founder’s Packs come with the fusion of artistry from Gadget-Bot and the promise of unique gaming experiences. In a major development in the world of Web3 entertainment, WAGMI Games has announced the launch of their highly anticipated Founder’s Packs, set to take place on September 27, 2023, exclusively on one of the best NFT market place s, OpenSea, which recently announced the launch of OpenSea Pro. WAGMI Games’ Founder’s Packs are the result of a collaboration with Gadget-Bot, an art studio renowned for its contributions to iconic franchises such as Transformers 4, Jurassic World, Apex Legends, and Call of Duty. This partnership promises a unique fusion of artistry and gaming, underlining the creative muscle behind the F

The US SEC’s (Securities and Exchange Commission) decision on BlackRock’s Spot Bitcoin ETF (Exchange Traded Fund) is due in mid-October. In fact, the decision on a total of seven spot BTC ETFs is due around the same time. However, there is a possibility of a government shutdown in the US due to a fiscal crisis. Lawmakers have until Sept. 30 to pass crucial spending bills to divert a possible crisis. Also Read: Bitcoin: Increasing Value of US Dollar May ‘Worry’ BTC Investors We’re now only 4 days away from a possible government shutdown. If this occurs, the @SECGov could stay open in full capacity — continue to do rule makings and bring new enforcement cases — if it has leftover money from the fiscal year. If not, the agency would be limited in https://t.co/n3qX6NFQw7 — Eleanor Terrett (@EleanorTerrett) September 25, 2023 If the spending bills are not passed, the SEC will have to run with a limited budget. This could hamper the agency’s decision-making capabilities. Moreov

Santiment unveiled a new model that lets users track token activities in one dashboard. The “Asset Activity Matrix” model features a cold and hot tab, which indicates different levels of activities. Santiment clarified that the activity levels don’t indicate a buy zone – an indication that users should buy a token. In a move geared towards improving user experience on its platform, blockchain market intelligence platform Santiment recently announced the addition of a new feature that allows users to track the activities of several crypto assets in one dashboard. The new model called “Asset Activity Matrix” shows the on-chain and social activities of many crypto assets. Per the post on X – formerly Twitter – Santiment said the Asset Activity Matrix uses a hot and cold tab feature to represent different activity levels of a particular token. While the hot tab, shown in red, shows increased activity, the cold tab, shown in blue, indicates reduced activity. F

Amsterdam, Netherlands, September 25th, 2023, Chainwire   New crypto project ‘Meme Kombat’ has announced the presale of its native token is now live, in a September 21st tweet from its official X account @Meme_Kombat. $MK token is able to be purchased at memekombat.io priced at $1.667, using ETH, USDT or BNB. Presale investors can use a range of wallets including MetaMask, Trust Wallet, Coinbase Wallet, OKX wallet, Ledger Live, Rainbow Wallet and a number of other WalletConnect options. What Is Meme Kombat? According to the project’s whitepaper, Meme Kombat is a gaming platform that ‘brings together the exciting world of memes and the competitive thrill of battle arenas. By leveraging cutting-edge technology and the decentralized power of the Ethereum network, Meme Kombat aims to create a unique and engaging gaming experience.’ Within the Meme Kombat ecosystem and its in-game arena, players engage in battle with characters represented by popular internet m

A former attorney of the U.S. Securities and Exchange Commission (SEC) believes prosecution by the Department of Justice (DOJ) is necessary to deal with crypto grifters. John Reed Stark, who spent 15 years as an SEC enforcement attorney leading cyber-related investigations, says crypto criminals treat regulatory enforcement with levity. DOJ prosecution in crypto-related fraud cases was lacking compared to the numerous enforcement actions by the SEC, he wrote on X. The situation is “mind-boggling,” Stark added. SBF’s Mom and Dad: Criminal Beneficiaries, Profiteers, Conspirators and Enablers I served for almost 20 years as an attorney in the SEC Division of Enforcement (including 11 years as Chief of the SEC’s Office of Internet Enforcement) and led dozens of SEC prosecutions with… pic.twitter.com/pElbR2wUeX — John Reed Stark (@JohnReedStark) September 23, 2023 Stark’s statement on X The former SEC official also pointed out the attitude of some major stakeholders and companies in

Widely followed pseudonymous trader Altcoin Sherpa says one Dogecoin (DOGE) rival could make a bigger move to the upside. Altcoin Sherpa tells his 196,400 followers on the social media platform X that after breaking through a key resistance level, memecoin Pepe (PEPE) may not be done rallying. “PEPE: nice move today, I didn’t really see this one coming. The volume profile shows three significant resistance areas, with the first one getting broken now. I highly doubt this is a full reversal, but a bit more upside may be in store. Would be cautious with this one overall.” Source: Altcoin Sherpa/X Looking at his chart, the next resistance level appears to be between the price range of $0.00000078 to $0.000000820. Pepe is trading for $0.000000716 at time of writing, up 16.9% in the last 24 hours. Next, the trader weighs in on Bitcoin (BTC) and says the market remains unclear as key exponential moving averages (EMAs) converge just above the crypto king’s price, act