Accéder au contenu principal

Bitcoin (BTC) Bull Run, Shiba Inu (SHIB) Price Explosion, and More: Bits Recap March 4

TL;DR

  • Bitcoin (BTC) nears $65,000, potentially starting a massive bull run influenced by the upcoming halving event that reduces mining rewards.
  • Shiba Inu (SHIB) quickly recovered with spectacular gains, becoming one of the top performers with a 180% weekly increase.
  • Ripple (XRP) is lagging with an 18% weekly increase, but analysts predict a significant surge, expecting it to catch up with bullish market trends.

BTC’s Impressive Performance

The last several days have been highly successful for Bitcoin (BTC), with its price nearing the $65,000 mark for the first time since November 2021. To put things into perspective, the rally in February represented the longest monthly green candle in the asset’s history, whereas the valuation is quite close to the all-time high registered at the end of 2021.

Despite the rapid increase, some experts and important technical indicators suggest this might be just the beginning of a massive bull run that could last in the following months. 

One upcoming element worth noting is the Bitcoin halving. The event, scheduled for April next month, will reduce the rate at which new BTC are mined. Currently, miners receive 6.25 BTC for successfully validating a new block on the blockchain, while the reward will be trimmed to 3.125 BTC.

Historically, the halving has been followed by an overall market boom. Those willing to learn more about the event, please check our dedicated video below:

Investors’ shift from exchanges to self-custody methods could also play a role. According to CryptoQuant, BTC exchange netflow has been predominantly negative in the last few weeks, with a huge red candle charted at the beginning of March. 

Holding assets in self-custody wallets reduces the immediate selling pressure.

SHIB Takes Center Stage

The popular meme coin – Shiba Inu – was lagging at the end of February when the crypto market, particularly Bitcoin, started booming. Nonetheless, it quickly caught up with the trend, recording spectacular gains in the past few days.

SHIB is currently among the best performers in the meme coin realm and the entire digital asset sector, with its value skyrocketing by 35% on a 24-hour scale and 180% weekly.

Those curious to find out some of the possible reasons behind Shiba Inu’s exponential rise and check the estimation of ChatGPT’s rival Perplexity about a further rally could read our article here. 

XRP Predictions

One cryptocurrency that appears to be lagging behind the biggest gainers is Ripple’s XRP. Its price is up “just” 18% on a weekly scale, currently trading at around $0.64 (per CoinGecko’s data).

However, multiple analysts remain optimistic that the asset will catch up with the bullish trends, expecting substantial increases.

The crypto enthusiast with thousands of followers – Dark Defender – maintained that XRP closed February above a critical resistance level, which signals a possible “monthly breakout.” The analyst predicted a price surge to almost $2 by July this year.

EGRAG CRYPTO agreed with the forecast, advising investors to “stay steady” since XRP seems poised for a “more aggressive and strong upward move” in the following months.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).


Source link

The post Bitcoin (BTC) Bull Run, Shiba Inu (SHIB) Price Explosion, and More: Bits Recap March 4 appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

$3 Million Stolen In ‘Kraken’ Crypto Con

The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. The victim, who remains unnamed, was based in Westport and followed advice to transfer funds out of a retirement account, intending to reinvest the money in an account supposedly linked to Kraken. However, their decision led to more than $3 million swiftly disappearing into crypto wallets they could not access. Recovery Of Stolen Crypto Funds Fortunately, the victim sought help from law enforcement, and local detectives, collaborating with the state’s Organized Crime Task Force, launched an investigation. This diligent effort enabled them to trace the transactions and freeze accounts involved in the scam. While they managed to r...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite