JPM Coin debut marks start of blockchain’s value-driven adoption cycle
Despite its centralized design, JPM Coin’s real life utilization represents a step toward the mainstream adoption of blockchain technology. On the heels of PayPal announcing its decision to enter the crypto sector early next year, Bitcoin (BTC) has continued its strong performance and has been hovering around the $13,500 mark for nearly a week now. In this regard, the payment giant’s foray into the crypto market has been hailed as a game changer, especially when it comes to improving the mainstream perception of the digital asset industry as a whole.Not only that, JPMorgan Chase announced....
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Bitcoin price (BTC) is currently displaying a significant uptrend, showing no signs of slowing down. The cryptocurrency has already begun its fifth bull run, with impressive price targets anticipated in the coming year. A recent report from Matrixport highlights BTC’s history of four distinct bull market cycles, each driven by a unique narrative. However, the latest bull market, which started on June 22, 2023, stands out due to its primary driving force: institutional adoption. Per the report, this surge in institutional interest can be attributed to Bitcoin’s characteristics,....
According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....
The last month of winter started with an upward trend. That trend is over and it’s time for the market to decide on a new direction. Over February, Bitcoin’s price has grown by more than 16% and stopped at around $447 per bitcoin. The start of Spring marks the beginning of a new cycle on the BTC/USD graph. Bitcoin’s price has stopped at a point where one cycle is changed by another, more significant one. Change of Bitcoin price trend direction. As a rule of thumb, such points precede a change of direction and a return to previous levels. There is a good possibility of a decline towards the....
The new NFT marketplace NFT STARS marks its debut with successful celebrity drops, one after another. On 3rd of July, NFT STARS released the artwork “Singularity” by an anonymous artist who was inspired by Dutch advancements in the sphere of blockchain, quantum computing and AI. The NFT was sold for 229 ETH (~$509,067). NFT STARS […]
Following Bitcoin and other altcoins like Ethereum, Solana is edging higher, clawing its way back after sharp losses in June. Even though the buyers are yet to reclaim the $155 support level, the expansion over the last few days has seen the coin add 25% after plunging in early July. Is SOL Preparing For $1,000? These encouraging gains over the last few days have seen traders project major gains in the coming days and weeks. Taking to X, one analyst said the coin would easily be more than 6X from spot rates, rallying to as high as $1,000 in the next bull cycle. As things stand, it is....