Features TheBitTimes.com

K33 Research’s report shows the crypto market exhibits a bullish trend as Bitcoin maintains a steady trading range and altcoin s, like Solana, experience significant gains amid new technological developments and market speculation. In recent weeks, the crypto market has shown signs of bullish behavior, with particular attention on the movements of Bitcoin and a variety of altcoins, as detailed in a recent K33 Research report. Stability marks Bitcoin’s current state, as its value oscillates between $34,000 and $36,000. This steadiness, however, has come with a slight reduction in its market dominance, which has dipped from 53.1% to 51.5%. BTC dominance has declined from 53.1% to 51.5%, caused by non-ETH altcoin s pushing higher. Simultaneously, Bitcoin derivatives markets are growing more optimistic. Read more, including the monthly outlook, in this week's Ahead of the Curve https://t.co/miuF6Vzose pic.twitter.com/ekwsNCWb8j — K33 Research (@K33Research) Nove...

Is Solana a Good Investment in the Crypto Market? ‍With the increasing popularity of cryptocurrencies, investors are constantly seeking opportunities to maximize their returns. Solana (SOL) has emerged as one of the most promising projects in the crypto market, known for its scalability, speed, and low transaction fees. In this article, we will conduct a comprehensive analysis to determine whether Solana is a good investment option for both short-term and long-term investors. Also read: Bitcoin: South Korean Lender Delio Plans To Sue Authorities Understanding Solana and its Potential Solana is a blockchain platform that aims to provide a fast and efficient infrastructure for decentralized applications (dApps) and digital assets. It differentiates itself through its unique consensus mechanism, Proof of History (PoH), which enables the network to process thousands of transactions per second. With its high throughput and low fees, Solana has gained significant attention ...

Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital. The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “ limited commercial upside ." In a series of X (Twitter) posts on Aug. 27, Clockwork founder Nick Garfield Garfield said he and the team will stop active development of the protocol and on Oct. 31 will turn off its nodes on devnet and mainnet. Garfield cited “simple opportunity cost” as the reason for the team stepping back from Clockwork, admitting there were limited commercial benefits to continuing its development and the team had a growing interest in exploring other opportunities. Clockwork is a protocol that allows users to schedule transactions on the Solana network and create smart contracts automated to run applications when triggered by an event. Garfield said Clockwork’s code will remain ...

Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce? When the markets are trending, traders should be active if they want to earn money. On the other hand, in a ranging market, it is better to wait on the sidelines with patience, or else traders may lose money due to choppy random moves in either direction. Bitcoin’s (BTC) sideways price action since the sharp fall on Aug. 17 shows that the bulls and the bears are unsure about the next directional move. Therefore, it is better to wait for the breakout to happen before waging large bets. Daily cryptocurrency market performance. Source: Coin360 In the short term, institutional traders also seem to be taking a cautious approach. A CoinShares report showed an outflow of $55 million from digital asset investment products for the week of Sept. 13. What are the important support and resistance levels that need to be crossed for a trending move to start in Bitcoin and altcoins? Let’s study the charts ...

Amidst a shifting regulatory landscape, digital banking service Revolut has announced its decision to discontinue support for Cardano’s ADA, Polygon’s MATIC, and Solana’s SOL tokens on its US platform. Revolut, the digital banking service, has announced the removal of Cardano’s ADA, Polygon’s MATIC, and Solana’s SOL tokens from its U.S. platform due to regulatory changes around crypto currency in the United States. The move comes following the decision of Revolut’s U.S. crypto services provider, Bakkt, to delist these tokens as well. Revolut communicated to customers that it would no longer be able to facilitate buy and sell orders for these tokens in response to this regulatory shift. The changes took effect immediately and will conclude with the complete cessation of custodial support for these tokens by Sept. 18. Revolut is forced to delist ADA (and a few others) because of the SEC. They must see that #Cardano is growing and are prob...

Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players. The United States equities markets rallied sharply on June 2 even though the nonfarm payrolls in May rose 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings which was slightly below estimates and an uptick in the unemployment rate. The rally in the equities markets failed to act as a tailwind to the cryptocurrency markets, which remain stuck in a range. Galaxy Digital CEO Mike Novogratz said in an interview with CNBC that the lack of enthusiasm in the crypto markets was due to absence of institutional buying. Daily cryptocurrency market performance. Source: Coin360 Bitcoin’s (BTC) historical performance in June does not give a clear advantage either to the bulls or the bears. According to CoinGlass data, between 2013 and 2022, ...

The hype associated with Artificial Intelligence [AI] is far from cooling down. Companies from different sectors have been trying and testing this technology. In fact, several prominent names have also started integrating AI into their core business models. Solana Labs is one such company. Solana Labs officially integrated AI into its network via a ChatGPT  plug-in. The add-on/extension has been developed by Solana Labs itself. The plug-in will be geared toward end users at first. It will initially focus on NFTs. This means it can be used to buy and list NFTs, transfer tokens, check out transactions, interpret data and find NFT collections by floor price. As analyzed in an article yesterday, Solana is currently clasping onto the third spot on the NFT sales front. Over the past week, it managed to foster $7.7 million in sales. On the monthly, the number currently stands around $55.5 million. Thus, it can be contended that users are quite reliant on Solana and are heavily using t...

If Bitcoin price breaks above $30,000, several altcoins such as SOL, ATOM, ICP and HBAR are well-positioned for a rally of their own. Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to end the month with gains of more than 4%. Could the rally continue in May or is it time for a pullback? The recovery could face headwinds if the United States banking woes escalate further. JPMorgan Asset Management chief investment officer Bob Michele said in an interview with Bloomberg that the turmoil at First Republic Bank is unlikely to be limited to the bank only, and could cause a domino effect. Crypto market data daily view. Source: Coin360 If that happens, then the U.S. equity Markets may witness a correction. However, it is difficult to predict how Bitcoin will react to such a crisis because, in the past few days, BTC price rose while legacy banking troubles deepened. But in case of a major upheaval in the ...

Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited. Bitcoin (BTC) is leading the cryptocurrency Markets lower and the matter is being exacerbated by Silvergate Banks' ongoing issues. This week the cryptocurrency-focused bank said that it needed additional time to file its annual 10-K report and warned that it may not be able to operate for another 12 months. Reacting to this news, several cryptocurrency companies announced that they were reducing or canceling their partnerships with Silvergate Bank.  The uncertainty regarding the future of the bank and its overall impact on the cryptocurrency sector may have caused a knee-jerk reaction. However, if the contagion does not spread, the downside may be limited. Daily cryptocurrency market performance. Source: Coin360 Another positive for the cryptocurrency markets is that the United States equities markets are attemptin...