Altcoin News Official TheBitTimes.com

In a rare milestone, all Bitcoin (BTC) holders have reached profitability or at least broken even, as the asset maintains a price above $100,000. Specifically, Bitcoin’s ‘Holder Profit Share’ metric indicates that 97% of all holders are currently in profit, while 2% are at breakeven, leaving no investors in the red, according to latest data from crypto on-chain analytics platform IntoTheBlock , retrieved by Finbold on May 14. Bitcoin holders’ profit share data. Source: IntoTheBlock Adding further context, the ‘Holder Time Share’ data reveals that about 75% of Bitcoin holders have maintained their positions for over a year, 21% for 1 to 12 months, and just 4% for less than a month.  Bitcoin holders time share. Source: IntoTheBlock This long-term commitment has likely played a key role in the notable profit share, as early investors capture the most substantial price appreciation over time. Indeed, the almost 100% profi...

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI). The analyst pseudonymously known as Bluntz tells his 278,500 followers on the social media platform X that the feline-inspired memecoin, Simon’s Cat (CAT), “looks finally ready for the next leg higher.” According to the analyst who regularly applies the Elliott Wave theory in his technical Analysis , CAT has completed a three-wave correction to the downside in the four-hour time frame and has enjoyed a “few days of accumulation.” The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on the pseudonymous analyst’s chart, it appears that he’s suggesting that CAT could rise above the all-time high price of around $0.0000462. “One of the most successful memecoi...

The global non-fungible token market, once seen as a revolutionary investment, is now seeing significant downturns, leaving many crypto and non-fungible token holders making massive losses. Despite the recent speculations and volatility stirred by the United States Securities and Exchange Commission along with other factors, the CryptoPunks have broken all limitations and barriers to become the top-selling NFT collection. A few hours ago, another punk sold for over $1.2 million. Punk 9368 bought for 550 ETH ($1,265,786.46 USD) by 0x9045de from 0x0232d1. https://t.co/dHeRzV7vTY #cryptopunks #ethereum pic.twitter.com/MJfdn81GbC — CryptoPunks Bot (@cryptopunksbot) September 9, 2024 Last month, the United States Securities and Exchange Commission (SEC) issued a well notice to OpenSea, one of the largest NFT marketplaces in the NFT market, claiming that many of the NFT collections on its platform are securities. This regulatory concern has stirred some fear, uncertainty and doubt ...