DeFI News by Thebittimes.Com

Summary ⚈ AI models ChatGPT and xAI’s Grok predict Bitcoin could trade between $102,000 and $115,000 by May 31, 2025, driven by ETF inflows and the 2024 halving event ⚈ Bitcoin is showing bullish technical signals above key moving averages with potential to reach $106,000 but faces possible short-term pullbacks ⚈Both AI models view $100,000 as a key resistance level and caution about volatility overbought conditions and macroeconomic risks As Bitcoin (BTC) consolidates around the $95,000 mark, two artificial intelligence (AI) models suggest that the maiden digital currency could finish May trading at $100,000. As of press time, Bitcoin was valued at $95,972, dipping by about 1% in the last 24 hours. On the weekly chart, however, BTC is up almost 2%. Bitcoin seven-day price chart. Source: Finbold Although Bitcoin is still awaiting a decisive move, the asset’s technical indicators paint a cautiously bullish scenario in the coming days. There is a possible ...

A new decentralized finance (DeFi) trading altcoin is surging after gaining support from the top US-based crypto exchange platform by volume. In a new thread on the social media platform X, Coinbase says it’s adding the DeFi token Definitive Finance (EDGE) to its suite of digital asset products with an experimental label, causing the altcoin to skyrocket. Coinbase’s experimental label designates assets as having higher volatility and lower trading volume compared to other products offered by the firm. News of the addition sent EDGE flying, as the token went from an April 2nd low of $0.0274 to a peak of $0.1157 just a few hours later. The digital asset has since retraced and is trading for $0.086 at time of writing, a staggering gain of nearly 180% during the last 24 hours. According to its official website, Definitive aims to mimic the experience offered by centralized exchange platforms, such as Coinbase and Binance, despite being decentralized. ...

The Hawk Tuah (HAWK) meme coin continues to surprise in the crypto world, posting an impressive 47% price increase in October and currently trading at $0.00003711. Hawk Tuah (HAWK) 1-month chart. Source: CoinMarketCap While this rally may be enticing, potential investors should remember that HAWK, like its counterpart HAWKTUAH, is a meme coin—highly speculative, driven more by internet culture than by any underlying fundamentals. Despite its recent gains, HAWK’s market cap is a modest $35,730, and its 24-hour trading volume is up to $140.79, a 260.36% surge in daily activity. This spike in volume, while eye-catching, doesn’t signal stability. In fact, HAWK’s current market position is a shadow of its former glory days, when it hit a peak market cap of $1.92 million and traded at $0.0027.  Picks for you What will Nvidia stoc...

According to trading experts and analysts, Bitcoin (BTC) is not out of the woods yet despite the recent upside correction. Meanwhile, technical and fundamental analyses can provide insights as volatility hits and investors speculate on the cryptocurrency’s next move. One of these analysts is Credible Crypto , known for thoughtful and usually precise analyses of Bitcoin and cryptocurrencies. In a recent video, the trader explained he was waiting for a clearer signal before publishing an Analysis . Previously, Credible Crypto celebrated BTC reaching his “downside target” and being ready for a “full bull gear,” as Finbold reported. However, Bitcoin’s price chart has changed since his last Analysis , and BTC is not yet out of the woods. Picks for you Bitcoin price chart is still bearish, warns analyst ...

The Shiba Inu (SHIB) ecosystem stunned the globe with its upward trajectory since its inception. The meme coin changed the lives of many following its rally in 2021. This year, SHIB surged to its all-time high of $0.00008845. The asset currently remains 85% below this peak. At press time, SHIB was trading at $0.00001316, with a 1.30% drop over the last 24 hours. Amidst this volatility, Lucie, the marketing expert at SHIB, hinted at the possibility of the meme coin repeating its August 2021 rally, which was considered a turning point for the asset. Also Read: Can Shiba Inu (SHIB) Reach $0.01 Before 2050? Analyzing SHIB’s Past and Future Performance Source Looking Back At August 2021 The 2021 Rally The meme coin reportedly spiked significantly between January and May 2021. Following its peak in May, the asset dipped by over 35% over two months. However, the asset ended its consecutive monthly losses in August 2021 after surging by 9.77%. Shiba Inu had a massive increase in October 2...

Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024. Bitcoin’s hash rate reached a record 677 EH/s on July 27th, boosting network security. Bitcoin’s RSI at 44 suggests potentially oversold conditions; the price may test $58,000 Bitcoin has set a new record for network difficulty , reaching 90.67 trillion on August 2, 2024 according to data on CoinWarz. This milestone represents a significant rebound following three months of declining difficulty, signalling renewed confidence among miners in the cryptocurrency’s network. The increased difficulty implies that mining new Bitcoin blocks now requires more computational power, potentially driving up operational costs and influencing Bitcoin’s future supply and pricing dynamics. Bitcoin’s hashrate also hit an all-time high On July 27th, Bitcoin’s hashrate surged to a record 677 EH/s, reflecting a robust and secure network infrastruc...