Veröffentlicht am

Bitcoin hits $64,000 before sharply retreating as Coinbase crashes

  • Bitcoin price hit highs of $64,100 on Coinbase, surging double-digits.
  • BTC however fell sharply as Coinbase users reported issues with account balances.
  • Coinbase CEO Brian Armstrong noted the exchange had recorded a spike in traffic.

Bitcoin price crossed the $64,000 mark on Wednesday February 28, to hit its highest level since October 2021. The top cryptocurrency’s value rose more than 12% in the 24 hours to hit highs of $64,100 on Coinbase.

However, prices fell sharply to touch lows of $58k as $100 million in BTC liquidations hit the market in one hour. Over the past 24 hours, total liquidations across the crypto market reached over $630 million – with Coinglass data showing short sellers rekt for over $355 million and longs for $280 million.

The $6,000 dip happened as users reported problems with their Coinbase accounts – balances showed $0. Coinbase support did acknowledge the problem, noting that its team was investigating the matter.

Coinbase founder and CEO Brian Armstrong acknowledged the surge in traffic the exchange was seeing.

What next for Bitcoin?

BTC, which has jumped nearly 50% in the past 30 days, spiked to the multi-year high to come within 5% of its all-time high of $69,000. At today’s peak, Bitcoin had doubled from levels seen in October 2023 when it broke above the $30,000 level.

The momentum that carried bulls high this week has coincided with a massive influx of money into spot Bitcoin ETFs. The SEC’s approval of spot ETFs in January helped push BTC above $50k and the record volumes seen this week have added to the impetus.

Only this week, BlackRock’s IBIT recorded a staggering $1.3 billion in volume.  Today, the spot ETFs were up to $2.6 billion with just half the day of trading data in. Bloomberg ETF analyst Eric Balchunas shared this on X.

The market anticipates Bitcoin price may pull back ahead of the halving. Currently, Bitcoin is hovering around the $60k level.

The post Bitcoin hits $64,000 before sharply retreating as Coinbase crashes appeared first on CoinJournal.

Veröffentlicht am

16 days to go: Bitcoin Dogs quickly raises $5M as BTC correlation fuels frenzy

  • Bitcoin Dogs presale has surpassed $5 million in 2 weeks since it opened.
  • As the first BRC-20 token, $0DOG rides Bitcoin’s bullish trends.
  • Bitcoin Dogs presale concludes on March 15.

With 16 days to go before Bitcoin Dogs ($0DOG) closes its much-hyped presale, investors are growing excited. They quickly bought over $5 million of tokens in the presale, which opened on February 14. As this rapid sale shows, Bitcoin Dogs has set the stage for a bullish momentum. But its correlation with Bitcoin, being the first BRC-20 token, has been highlighted as the key price driver. Let’s discover more about this token, which is labelled a potential 100x investment.

Bitcoin Dogs: Expanding the Bitcoin ecosystem into NFTs and gaming

For a long time, Bitcoin has remained a standalone blockchain, rarely giving in to new trends. This is changing with Bitcoin Dogs, its first-ever ICO and BRC-20 token, quickly gaining traction. Bitcoin Dogs taps into the revolutionary power of Bitcoin, which has become an early attraction for investors.

One of Bitcoin Dogs’ key attractions is the NFT collection, which aligns with trends in collectibles. This will be 10,000 unique and collectible tokens, creating Dog Owners within the Bitcoin Dog ecosystem. Owners can curate the NFTs and display and trade them on a decentralised market. This is an opportunity for Dog owners to get involved in the exciting NFT market and earn. As NFTs gather pace in the 2024 bullish market, Bitcoin Dogs owners benefit from demand for their collectibles.

It’s also never a dull day for Bitcoin Dog owners. $0DOG holders can escape the hassle of everyday life by engaging in exciting gameplay. There is also the Bitcoin Dogs Club Metaverse, which gives fun and exciting experiences. Users can participate in dog training sessions, social interactions, and contests within this immersive ecosystem. 

Will Bitcoin Dogs become bullish in 2024?

Bitcoin Dogs’ perfect timing with the bullish market of 2024 has been cited as the key price driver. As previously noted, this cryptocurrency is minted from the legacy Bitcoin blockchain. Therefore, the presale is riding Bitcoin price trends as the cryptocurrency rose past $58,000. 

Besides, the high speculation on BTC after spot ETF approvals and the upcoming halving boosts Bitcoin Dogs. According to the latest data, the uptake of Bitcoin ETFs is rapidly growing. This adds to the optimism around the Bitcoin price. Coupled with halving in April, which reduces the supply of Bitcoin, the price is expected to increase further. Bitcoin Dogs will, thus, benefit from the fundamentals of its parent, Bitcoin.

As Bitcoin Dogs leverages these key trends, the price is expected to skyrocket in 2024. This is already being underlined by the FOMO around the presale. As such, Bitcoin Dogs has been predicted to rise as much as 100x when the token debuts. 

Bitcoin Dogs presale: Robust and quick presale in just 30 days

Bitcoin Dogs’ presale and listing is super quick. The presale occurs in just 30 days. The presale ends on March 15, generating a lot of frenzy for dog lovers seeking exposure to a Bitcoin ICO. 

During the presale, 90% of the 900,000,000 tokens in supply will be offered to early birds. Tokens not sold within the presale will be burned, preserving value for the dogs that would have found a home. 

After the presale, investors can claim the tokens, paving the way for $0DOG CEX listings in Q1 2024. This will be followed by an NFT debut, the formation of the game beta, and partnerships in Q2. Game launches and social contests will begin in Q3, while more partnerships and the metaverse will follow. The clear roadmap has created enthusiasm for Bitcoin Dogs as a project committed to its goals. Consequently, investors have accumulated the token, expecting it to surge in 2024.

To purchase the Bitcoin Dogs token while on presale, investors can visit the project’s official website page. 

The post 16 days to go: Bitcoin Dogs quickly raises $5M as BTC correlation fuels frenzy appeared first on CoinJournal.

Veröffentlicht am

AltSignals ride AI trends as focus shifts to accelerated product launches in 2024

  • AltSignals is expected to launch numerous products in 2024.
  • The project is expected to benefit from the positive optimism in the AI sector.
  • $ASI value will be unlocked as the ActualizeAI platform operationalises. 

Artificial intelligence is growing rapidly, and it is not a coincidence that exposed sectors are benefiting. AI tokens saw increased gains, led by the Worldcoin token (WLD), which claimed a new record. Elsewhere, stocks of companies linked to AI, such as Nvidia, are claiming a new record. This has built optimism that the newly launched project AltSignals ($ASI) will grow immensely in 2024. That comes amid a string of project launches expected to enhance the token’s trajectory in the year.

AltSignals: A project leveraging AI for quality trading signals

One of the main key selling propositions of AltSignals has been its AI use in the trading world. After a successful signal generation service helped by algorithms, AltSignals is ready for its next phase. Use artificial intelligence to produce more quality signals and supercharge investors’ earnings.

The platform, created in 2017 by a group of UK traders, is home to over 52,000 traders on Telegram. AltSignals’ signal quality is above 64%, making traders rate the platform with a 4.9/5 star score on TrustPilot. The signals cover various financial instruments, including forex, cryptocurrencies, CFDs, and stocks.

An increased demand for AltSignals prompted its team to consider integrating AI in its signal generation. The aim is to tap into AI’s machine learning capabilities, natural language processing, and sentiment analysis. This way, the AltSignals team will produce more quality signals with higher profitability. 

The launch of ActualizeAI, an AI-powered platform, complements AltSignals iteration. The new signal generation service is powered by AI, where members own a cryptocurrency, $ASI. This has been an attraction as investors look at $ASI as a potential gainer due to its exposure to AI sectors. Consequently, the AltSignals team has been driving toward actualising slated product launches in 2024.

AltSignals 2024 big lineup: $ASI listing, NFT marketplace, and partnerships

2024 is the big year for AltSignals to actualise its AI-enabled trading dream, with key launches lined up. After the token’s highly successful presale, $ASI was listed on Uniswap and opened its staking program. The listing opened $ASI for public purchases as the token prepares for further listing. 

However, the key highlight for the token so far is it’s staking product. The staking carries a 25% ROI for a staking period of 30 days. Investors quickly staked the tokens, with nearly 100% of subscriptions for the 30,000,000 tokens on offer. 

Next on the list of items sparking interest in AltSignals is the ActualizeAI Pass NFT Marketplace. The NFT marketplace is expected in Q1, 2024. This is an opportunity for investors to gain exposure to shared revenue on new product launches. The quarter will be capped with the launch of a new website that will accelerate product development. 

As the year rolls over, AltSignals will seek growth through partnerships. These include institutions that licence ActualizeAI and affiliate deals in Q2. The team will also develop its system for real-time notifications, enabled by a sentiment analysis engine. New AI product releases will follow in Q3, while AltSignals will intensify its global marketing. 

Analysts are hopeful that as AltSignals actualises it’s AI signal service in 2024, demand for $ASI will grow. Coupled with trends in AI and the bullish crypto market, the value of $ASI will be unlocked. 

Is $ASI a good investment?

The speculative value of $ASI is high, with analysts earmarking the token for up to 50x gain. The prediction is based on the fact that the token is backed by an already successful platform. As more investors join AltSignals and ActualizeAI, the demand and price for the token will rise.

Investing in AltSignals is also an opportunity to earn from trading. Investors benefit from the high-quality signals the AltSignals team generates to supercharge their earnings. This also includes participating in other products, such as the ActualizeAI NFT marketplace. The diverse opportunities make AltSignals attractive to investors looking to grow their incomes.

The post AltSignals ride AI trends as focus shifts to accelerated product launches in 2024 appeared first on CoinJournal.

Veröffentlicht am

Bitcoin breaks $59k as explosive presale puts Pullix on investors’ radar

  • Bitcoin price has spiked past $59k to see bulls target $60k.
  • Pullix is seeing huge demand as it unveils a PLX bonus round.
  • The price of Pullix could explode when the token lists for trading on Uniswap and BitMart in coming days.

The last 24 hours have seen the global cryptocurrency market cap rise a further 3.4% to hit $2.31 trillion, with Bitcoin (BTC) breaking above $59,000 amid signals of a parabolic run.

As the crypto market experiences fresh upside momentum, investors eyeing the potential windfall of returns from rallying altcoins have turned their attention to Pullix (PLX). The hybrid exchange platform has announced a bonus presale round after astronomical demand followed the initial close of PLX token sale.

BTC storms past $58k: What next as the crypto market cap hits $2.3 trillion?

A 5% spike in the price of Bitcoin pushed the benchmark cryptocurrency’s price to highs of $59,500 on Wednesday morning. The result was the bellwether’s market cap hitting $1.16 trillion, and the global crypto market cap rising to over $2.31 trillion.

With BTC price eyeing another leg above $59,000 – likely targeting the $60,000 level as support – analysts are suggesting the next major hurdle will be the all-time high reached in 2021.  The frenzy that has engulfed the spot Bitcoin ETF market and the coming halving are seen as key bullish catalysts.

While potential pullback scenarios are likely to crop up amid profit taking, the wash out of weak hands might fuel the next vertical move. Retail not being fully at the helm of the current momentum suggests the run to a new ATH in 2024 will be massive.

According to crypto analyst Michael van de Poppe, Bitcoin’s run since the lows after the FTX implosion has been remarkable. But there’s more coming – an epic bull run.

Pullix announces bonus sale round

On February 27, Pullix announced it was unlocking 10 million more PLX for a bonus buy round. The platform is now offering investors a chance to grab PLX before the token lists for trading on Uniswap on March 4, 2024.

Additionally, the exchange will reveal the PLX Launch Price to the community on the same day, with BitMart listing set for March 7. Ahead of these key dates, the chance to position with what could be a breakout project in the crypto trading landscape remains open.

Investors will find it attractive that in this bonus round, the price of PLX is still the heavily discounted $0.14 per token. 

Details on the Pullix presale page show investors have already grabbed over 2.4 million of the 10 million PLX bonus sale. 

With the highly anticipated market debut coming on March 4, how is the price outlook for this token that could rally hard amid outperformances for DeFi and meme coins?

Pullix price outlook ahead of PLX launch

With Pullix primed to introduce its hybrid exchange model, the best of decentralized (DEX) and centralized exchange (CEX) is coming to the crypto trading space.

A solution to the DeFi problem of liquidity and a compelling platform that brings crypto, stocks and commodities to the market stand out for Pullix. 

On top of this is a non-custodial approach that means users retain full control of their assets, and a revenue-sharing model that guarantees a share of exchange revenue for traders. Other opportunities for income streams include staking and yield farming.

Combined, these aspects make the current $0.14 per PLX a massive bargain. While the listing price is yet undetermined, its likely Pullix price will explode when it launches on Uniswap and BitMart in about a week.

A bullish outlook for the broader market, particularly with Bitcoin eyeing a major run suggests PLX could be the next 100x token.

More details on how to buy are on the presale page.

The post Bitcoin breaks $59k as explosive presale puts Pullix on investors’ radar appeared first on CoinJournal.

Veröffentlicht am

Validation Cloud raises $5.8M to power enterprise adoption of Web3

  • Validation Cloud announced it secured $5.8 million in a funding round led by Cadenza Ventures.
  • The Switzerland-based company will use the funding to accelerate adoption of its infrastructure to help with enterprise adoption of Web3.

Validation Cloud, a Switzerland-based Web3 data streaming and infrastructure firm, has secured $5.8 million in a funding round led by Cadenza Ventures.

This is Validation Cloud’s first external financing round and funds raised will go towards promoting global enterprise adoption of Web3.

According to details in a press release, the oversubscribed round also attracted the participation of prominent global venture firms, including Blockchain Founders Fund, Blockwall, Bloccelerate, Side Door Ventures, GS Futures, Metamatic and AP Capital.

Validation Cloud to help Web3 enterprise adoption

Zug-based Validation Cloud is one of the leading providers of high performance, scalable products in staking, node and data to clients across the globe.

The company’s team include pioneers in proof-of-stake, validation cloud who have built for global industry giants such as Uber, Deloitte, Morgan Stanley and Citadel. Other major companies include Binance, Workday, Crypto.com and R3.

Describing itself as a talent-first company, Validation Cloud has employees across the world. Its operations include providing infrastructure support to companies and platforms in their early stages of development.

Alex Nwaka, the co-founder of Validation Cloud, noted in a statement that scalable and compliant infrastructure is needed to help “onboard the influx of enterprises embracing Web3.” 

The partnership with global investors accelerates the adoption of Validation Cloud’s suite of products by networks, builders, and asset managers, he added.

Kumar Dandapani, managing partner at Cadenza, commented:

“At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space.”

“Cadenza is proud to lead this round and support Validation Cloud’s mission to bridge the gap between traditional enterprises and the expansive power of Web3,” Dandapani added.

Validation Cloud has partnered with established blockchain networks such as Chainlink, Stellar and Hedera, as well the emerging Aptos, Eigenlayer, and Berachain.

The post Validation Cloud raises $5.8M to power enterprise adoption of Web3 appeared first on CoinJournal.