“Bitcoin is so back” says Messari, as Inscriptions account for 21% of total fees in 2023
Bitcoin is heading into one of the most important years in its history as two major events are expected to skyrocket the digital asset. Ahead of the same, crypto market intelligence data provider Messari has provided its take on what 2024 can bring for Bitcoin and by the looks of it, Inscriptions might lead the year.
Binance Coin price might face correction despite Binance releasing bullish 2023 overview
One would say that Binance might have had a rough year, given its founder Chengpang Zhao's exit and the company being pursued by enforcement action. Binance Coin price, amidst all this, remained largely correlated to the broader market cues, which is likely changing now.
Chainlink Price Prediction: LINK could double its market value if it overcomes this weekly barrier
Chainlink (LINK) price remains trapped within a weekly supply barrier for almost two full months, confronting a critical barrier that will play a pivotal role in the next directional bias for the cryptocurrency.
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Cardano Price Forecast: On-chain metrics and technical outlook signal bearish trend
Cardano is trading slightly down around $0.33 on Monday, struggling against resistance from its previously broken ascending trendline. Declining daily trading volume reinforces a bearish outlook.
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Bitcoin found support around its crucial level of $66,000, suggesting a potential recovery. However, Ethereum and Ripple show signs of weakness, and a close below their key support levels would continue their ongoing decline.
Solana Price Forecast: SOL corrects even as on-chain metric hits record high
Solana corrects to the $170 level early on Friday. The native token of the Solana blockchain is in a state of decline even as on-chain metrics suggest rising activity on the chain. Data from Blockworks shows that Solana has noted a spike in its activity, likely in response to meme coins.
Crypto Today: XRP, Bitcoin and Ethereum decline as Ripple files response to SEC appeal
XRP loses over 1.30% as Ripple's executive confirms the filing of an important document in the appeals process in the SEC lawsuit. Bitcoin corrects less than 1% and sustains above $67,500. Ethereum is down nearly 0.20%, holding above the key support level of $2,500.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
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