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Price analysis 12/4: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Cointelegraph.com News - 4 December 2023, 6:31 pmAltcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4. Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec. Cryptocurrency exchange Bybit said in its 4th quarter report that institutional traders held 35% of their assets in Bitcoin, 15% in Ether and a large portion kept 45%…Read More
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Meta's AI boss says there’s an ‘AI war’ underway and Nvidia is ‘supplying the weapons’
Cointelegraph.com News - 4 December 2023, 5:45 pmThe outspoken executive also said that Meta isn’t pursuing quantum computing because it isn’t currently useful. Meta AI boss Yann LeCun sounded off on the industry-wide state of artificial intelligence and quantum computing during a recent event to celebrate the 10 year anniversary of the founding of Meta’s Fundamental Artificial Intelligence Research (FAIR) team. During LeCun’s…Read More
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Bitcoin price rally to $42K driven by spot volumes, not BTC futures liquidations
Cointelegraph.com News - 4 December 2023, 5:26 pmBitcoin futures data counters the assumption that BTC’s rally to $42,000 was primarily propelled by shorts liquidations. What is next for BTC? In the past seven days, Bitcoin (BTC) experienced a whopping 14.5% surge, hitting a 20-month high at $41,130 by Dec. BTC liquidation mapEnough shorts to run it up all the way to $45-46k…Read More
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ParaSpace to continue NFT lending as it rebrands to Parallel Finance
Cointelegraph.com News - 4 December 2023, 5:21 pmThe protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services. Despite rebranding to Parallel Finance for a greater focus on the decentralized finance (DeFi) ecosystem, the nonfungible token (NFT) lending protocol ParaSpace will continue to focus on its core product amid sector woes. In a conversation with Cointelegraph, Yubo Ruan,…Read More
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How to prepare for the next crypto bull market: 5 simple steps
Cointelegraph.com News - 4 December 2023, 5:00 pmThe latest Cointelegraph Report explains how to prepare for the next crypto bull run in five simple steps. The next bull market could kick off as soon as next year, propelled by catalysts such as the upcoming Bitcoin (BTC) halving and potential approval of a spot Bitcoin ETF in the United States. In our latest Cointelegrph…Read More