DeFI News by Thebittimes.Com

Shiba Inu chances to grow are looking stronger right now, and the numbers actually back it up. The memecoin just saw a major SHIB token burn that removed 54.8 million tokens last week—a 76% jump from the week before. At the time of writing, SHIB trades with technical patterns that point to a potential 25-35% Shiba Inu rally ahead. Analysts tracking the chart set the Shiba Inu price target between $0.00001250 and $0.00001400. Also Read: Shiba Inu Team Sends Message of Hope Amid Price Stagnation Shiba Inu Technicals Show Strong Chances To Grow After Token Burn Source: Getty Images Chart Patterns Signal Potential Breakout Two consecutive higher lows have been formed on the daily chart since October 10, and these were followed by a high that reached $0.00001069. The 7-day simple moving average has been reclaimed by the price, and multiple daily closes above this level have actually been sustained. Right now, the 20-day SMA is being tested, and the 7-day SMA looks ready to cross above it. T...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Bitcoin (BTC) and Ethereum (ETH), the two largest crypto projects by market cap, have hit new all-time highs this month. According to CoinGecko’s Bitcoin data, BTC climbed to a new peak of $124,128 on Aug. 14. ETH, on the other hand, hit a new high of $4,946.05 on Aug. 24. Despite the incredible bullish move, both BTC and ETH have fallen by more than 10% from their respective all-time highs. Let’s discuss if things will improve in September. Will Bitcoin and Ethereum Hit Another All-Time High In September? Source: Watcher.Guru September has historically been a bearish month for Bitcoin (BTC). Given that BTC is the market leader, and other assets follow its trajectory, September has been a bearish month for the general crypto market. If BTC continues to follow its historical pattern, we may see the asset face further correction. Ethereum’s (ETH) price will also suffer under such circumstances. However, there is a high chance of an interest rate cut in September. A rate ...

MicroStrategy, helmed by Michael Saylor is set to post $14 billion in unrealized gains in Bitcoin for Q2 of 2025. The surge in value comes after BTC’s rebound in price touching a high of $109,000 this week. It is unlikely that the firm will sell the holdings as Saylor plans to hold on for the long term. Currently, MicroStrategy holds 597,325 Bitcoin’s and the overall portfolio is worth a staggering $42.4 billion. The unrealized profits alone in Q2 of this year stand at $14 billion. The average purchase is rounded off at around $70,982, with a profit of nearly $38,000 per BTC. Also Read: This Bitcoin Investor Turned $7800 Into $1 Billion: Can You Too? MicroStrategy Makes Massive Gains With Bitcoin Source: CoinGape Michael Saylor‘s MicroStrategy shares have also soared 3,300% in the last five years since 2020 as Bitcoin spiked in value. MSTR was trading at the $12 level in 2020 and reached $395 in July 2025. It had also touched an all-time high of $408 in December but re...

Polkadot (DOT) reached a low of $3.43 on Wednesday and remains relatively bearish in the charts. It fell below the $10 mark in December and failed to reclaim the level for six months. It is only heading south in the indices with little to no price spurts testing the patience of investors. Its bullish stance has ended with bearish sentiments taking precedence. Also Read: The Britto Surge: What It Means For Global Ripple (XRP) Adoption DOT was once the darling cryptocurrency for day traders, as its price fluctuations provided ample opportunities to book profits. For example, its price used to fall to a low of $5 and still go to a high of $6, allowing a window of $1 to book gains. The daily price fluctuations that occurred between 2022 and 2023 made Polkadot the best cryptocurrency for day trading. Polkadot to $10 Price Prediction: Here’s When Source: Twitter Leading analytical and on-chain metrics firm Changelly has predicted that Polkadot’s glorious days would make a comeback...

Bitcoin (BTC) has surged past the $110,000 mark following a critical breakout above $108,900, positioning itself for a potential new all-time high of $130,000.  Analyst Michaël van de Poppe predicted on June 10 that the current phase is likely a short consolidation period, a common pattern before increased upward momentum.  The ideal buying range as BTC prepares for what could be another historic run, van de Poppe suggests, sits around $107,000 to $108,000. Bitcoin’s 14-day relative strength index (RSI) currently sits at 6771, which is bullish but not yet overheated.  Michaël van de Poppe’s BTC analysis. Source: X If the RSI retests 75 by the end of the month, another analyst PlanB suggests, the June closing price for BTC would be ~$130,000, agreeing with van de Poppe’s predictions.  Bitcoin price forecast The rally can apparently be chalked up to a number of reasons, most notably a sharp technical breakout. Namely, BTC reclaimed the ...

Following the leading crypto’s skyrocketing value throughout this year, a publicly traded Chinese company, SOS, is planning to buy $50 million worth of Bitcoin. Indeed, the company is set to “strengthen global crypto investment” strategies through the acquisition of the digital asset. Similar BTC purchasing plans have been transformative for companies like MicroStrategy (MSTR). The Michael Saylor-led firm has made its acquisition plan of the leading cryptocurrency a vital part of its operations. Moreover, it only added to that this week, when it purchased another $5.4 billion worth of the asset. JUST IN: Publicly traded Chinese company SOS plans to purchase up to $50 million worth of #Bitcoin. — Watcher.Guru (@WatcherGuru) November 27, 2024 Also Read: Can Bitcoin Reach $100k in November 2024? SOS Becomes Latest Company to Introduce Bitcoin Acquisition Plan There is no denying that 2024 has been the biggest year for crypto yet. Moreover, Bitcoin has seemingly been the rising tide t...

Source: Ant/Adobe South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims. MBN Money reported that the Incheon Metropolitan Police Agency explained that it had arrested three men in their 20s, including a 26-year-old man, on fraud-related charges. At least 10 other people are also being questioned in connection with the incident. Officers say that the gang created a group chat room on a social media platform. They allegedly called the group the “Investment Reading Room” and managed to lure a number of unsuspecting crypto-curious social media users to join. The police explained that the alleged masterminds sought to “ deceive&rdquo ; members of the chat by enlisting “fake investors” to join the group. These individuals “pretended to be professional investment advisors” or people who had made massive...