DeFi News Official Today TheBitTimes.com

Bitcoin (BTC) has been many things in its 16-year existence, with some claiming it to be little more than a gambling fad and yet others taking a completely opposite stance and positioning it as the biggest financial revolution in recent history. For the famed American finance writer and founder of HS Dent Investment Management, Harry Dent, it is the latter. Furthermore, the author went as far as to recommend everyone invest in the cryptocurrency as the great reshaper of global finance, albeit with a caveat, in a David Lin interview published on April 14. Specifically, Dent opined that BTC is far from a safe haven, meaning that in the burst phase he believes the ‘everything bubble’ is in in 2025, the digital asset should be avoided along with most other assets. Bitcoin should, however, be heavily invested in once the crash has taken hold. This is one of the biggest misconceptions: that Bitcoin Bitcoin and crypto are the safe haven. Absolutely not, they are the biggest ...

Ripple’s XRP has had a remarkable performance in November and early December 2024, earning investors’ attention and deployed capital. However, different indicators suggest that XRPL’s native token could soon experience a corrective crash, raising alerts in the trading community. On December 3, XRP achieved an all-time high (ATH) market cap of $165.74 billion at $2.90 per token despite trading at a discount from its all-time high price of $3.40. Notably, this rally placed XRP as the third most valuable cryptocurrency by market cap, surpassing Solana (SOL) and Tether’s USDT. XRP daily market cap chart (1D). Source: TradingView / Finbold / Vini Barbosa The ATH capitalization suggests a peak demand over XRP’s significant circulating supply inflation through Ripple’s ongoing unlocks and selling activities. Ripple, which is, by far, XRP’s largest holder, has recently prepared what could be its last dump in 2024. ...

The cryptocurrency market lost $430 billion in capitalization since April 12, amid an unprecedented Iranian offensive against Israel. Traders lost over $2 billion in liquidations, which mostly affected Bitcoin (BTC), by $500 million, in an immediate risk-off reaction. Notably, the crash started a day before the Iranian airstrike against Israel dominated headlines worldwide. On April 13, Finbold reported a $150 billion crash with nearly $1 billion liquidated from cryptocurrency traders in 24 hours . At that time, there were no public confirmations of the later-known escalation of the war in Iran. After that, the cryptocurrencies took another hit following the subsequent news on Saturday night, in a panic sell-off. On that note, TradingView ‘s Total Crypto Market Cap Index registered a drop of $429.11 billion in the 48 hours before the attack, for 17% losses. Picks for you 2 cryptocurrencies to reach $50 billion market cap in April 11 mins ago Solana unveils...