Altcoin News Official TheBitTimes.com

Bitcoin (BTC) has once again captured the spotlight this week, exhibiting significant fluctuations in its price amidst a complex backdrop of global economic shifts and cryptocurrency-specific developments.  As of April 2, 2024, Bitcoin‘s price hovers at $65,816 down by approximately 7.97% over the past week. This recent downturn has pushed the market capitalization of Bitcoin to $1.293 trillion. Bitcoin 7-day price chart. Source:  Finbold Key BTC levels to Watch Bitcoin’s current trading dynamics present a crucial juncture, with the cryptocurrency testing key support and resistance levels.  Picks for you Crypto expert eyes buy zone for ‘Nvidia of crypto' AI token 57 seconds ago Is Arthur Hayes’ Ethena about to have a Terra-like crash? 32 mins ago ‘Big Short’ investor warns FED will make massive bubble if it cuts interest rates 1 hour ago Binance’s Portfolio Margin now available to non-VIP users holding minimum 100,000 USDT in cross ...

The new algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than common coins like Bitcoin. Singapore's government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange. Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence. Announcing the news on May 1, Array said that the raise is its second funding round, which is believed to bring the firm’s valuation to more than $100 million. The new Temasek-backed algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than traditional cryptocurrencies like Bitcoin (BTC). The system is expected to have a variety of use cases, including payments, remittances as well as investments. Array’s smart contract platform, ArrayFi, is designed to enable decentralized applications ...