July 21, 2024

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Bitcoin celebrates record and will Cardano and Bitcoin Cash merge?

Bitcoin celebrates record and will Cardano and Bitcoin Cash merge?

Good morning crypto insiders, in this article we provide a summary of the most important events relevant to the world of cryptocurrencies that occurred last night.

This means you can quickly follow the latest developments. More detailed articles on these topics will appear on Crypto Insiders throughout the day.

Crypto Breakfast: Bitcoin Rising After FOMC Bottom, ETFs, and More

Bitcoin recovers, AI crypto surges

Bitcoin (BTC) managed to close the week in the green for the first time since March. The price recovery is accompanied by a recovery in market sentiment.

However, right now, it looks like the $64,500 level is offering plenty of resistance for further recovery. Meanwhile, coins for AI projects are rising like rockets. Read more about this in this morning’s price update.

Bitcoin ETFs Break the Trend

Bitcoin actually started to rally over the weekend, accompanied by a rebound in inflows into new US Bitcoin ETFs.

The stock market has seen a net outflow for seven straight trading days, but last Friday we saw a break in the trend and finally another… net flow. A whopping $378.3 million flowed into Bitcoin ETFs on May 3.

Cryptocurrency market expert says $1 million Bitcoin price still possible

Cryptocurrency market expert says $1 million Bitcoin price still possible

Bitcoin reaches 1 billion transactions

Bitcoin reached another milestone this weekend. On May 5, the network processed its billionth transaction.

This historic transaction was recorded on block 842,241. This comes after the launch of the Bitcoin network 15 years ago and four months ago on January 3, 2009.

Is Bitcoin in danger? Investors are turning to defensive investments

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Is Bitcoin in danger?  Investors are turning to defensive investments

Will stablecoins overtake Visa in terms of volume?

According to research agency Sacra, stablecoins may be able to support Visa in terms of volume this year Transgression.

Stablecoins are very popular in cryptocurrency trading and act as a bridge to the traditional financial world. They are also becoming increasingly popular in cross-border payments due to their low costs and fast processing times.

However, Visa doesn’t believe it. In fact, the massive payment processor says that 90% of all stablecoin transactions don’t come from real people, but Especially from robots.

Bitcoin whales strike en masse within 24 hours, sentiment changes

Bitcoin whales strike en masse within 24 hours, sentiment changes

Cardano wants to integrate with Bitcoin Cash

Charles Hoskinson, founder of Cardano (ADA), asked an eye-opening question on Twitter last weekend.

In a hypothetical poll, he suggests merging Bitcoin Cash (BCH) with Cardano.

According to the founder, this would make Bitcoin Cash the fastest and most useful Proof of Work (PoW) network.

14,000 people have already voted, 68% of whom said yes.


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