The crypto market is again all shades of green, with Bitcoin and altcoins enjoying significant rallies. Crypto analyst Capo of Crypto has provided further optimism, suggesting that these tokens will still make more massive moves to the upside. “The Best Is Yet To Come” For Bitcoin Capo of Crypto opined in an X (formerly Twitter) post that the “best is yet to come” for Bitcoin and altcoins. He noted that Bitcoin is pumping, having reclaimed the $60,000 range as support. The crypto analyst added that altcoins also seem to have found their local bottom, meaning they are well-primed for massive rallies to the upside. Related Reading: Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? With Bitcoin also back above $65,000, it seems that it is just a matter of when and not if before the flagship crypto reclaims the $70,000 range. Capo had previously mentioned that reclaiming the $65,000 level would be the next bullish confirmation for the flagship crypto. The analyst added that the market should expect high prices once that happens. As to how Bitcoin could rise, Capo stated that the main target would be the liquidity zone between $74,000 and $76,000. Bitcoin rising to these price levels would mark a new all-time high (ATH) for the flagship crypto. Crypto analyst Rekt Capital shared a similar sentiment with Capo, suggesting that Bitcoin’s successful retest of the $65,000 resistance level would send it back above $70,000. Bitcoin rising back above $70,000 is believed to be where the real fun begins, as crypto analysts like Michael van de Poppe had previously mentioned that the bull run will continue once the flagship crypto is back above this price level. Crypto analyst Crypto Kaleo had also recently advised market participants not to get shaken out. He stated that the market is still heading “way higher” and that a little more patience is needed before the “fun really starts.” “Huge” Altcoin Season Is Brewing Crypto analyst Mkybull Crypto stated in an X post that a huge altcoin season is brewing. He claimed that this cycle might be similar to the explosive altcoin season rally in 2017, as altcoins’ current price action shares a similar price action to that period. Mikyull Crypto added that the fakeout made many believe the altcoin season for this cycle had been written off but suggested that isn’t the case, as something similar happened in the 2016 post-halving cycle. Related Reading: CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date Interstingly, Capo stated that he is most bullish on altcoins. He alluded to the Spot Ethereum ETFs, which are expected to begin trading this week. Crypto analysts predict that these funds could spark a massive rally for Ethereum and altcoins, by extension, which could help usher in the altcoin season as they outperform Bitcoin. Featured image created with Dall.E, chart from Tradingview.com
The post Nvidia Stock Surges After Musk Spotlights Latest AI Milestone appeared first on Coinpedia Fintech News
Elon Musk celebrated the initiation of training for xAI’s Memphis Supercluster in an X post. Elon Musk lauded Nvidia for the support extended toward this milestone. Following this, the Nvidia stock rose by 2.26% to $120.58 in the pre-market session. The Memphis Supercluster, a massive computing facility equipped with 100,000 of Nvidia’s H100 GPUs, is …
The post Bitcoin’s ‘Moon’ Phase Has Triggered Perfect Storm For Altcoins; Watch Out For Solana-based Coins appeared first on Coinpedia Fintech News
The crypto market is poised for what could be the perfect storm. According to analyst Kyle Doops of Crypto Banter, we have just witnessed a bullish “Moon” phase for Bitcoin. This recent development suggests that any pullbacks in the near future could be prime opportunities for entry points, as bulls aim to push Bitcoin above …
The post Real Bedford FC Acquires $4.5 Million in Bitcoin appeared first on Coinpedia Fintech News
Peter McCormack, the club’s founder and a prominent crypto podcaster, revealed that Real Bedford FC (RBFC) acquired 66.9 Bitcoins worth $4.5 million. RBFC now holds 82.7 Bitcoins, valued at $5.37 million, purchased at an average price of $64,925 per Bitcoin. Further, McCormack stated that 15.8 Bitcoin is allocated for football-related expenses, while the remaining balance …
Bitcoin whales have been consistently accumulating BTC since the beginning of the year amidst a bullish future outlook for the crypto industry. These elevated whale holdings showed investor confidence, which also translated into a bullish rally for Bitcoin over the past six months. Related Reading: Solana Price Could Skyrocket 900% As Analyst Identifies Bullish Chart […]
Crypto analyst Crypto Kaleo has explained why he believes Bitcoin will continue outperforming Ethereum in the short term. He made this assertion based on his belief that the Spot Ethereum ETFs will not instantly have the impact that many expect it to have on ETH’s price. Bitcoin Will Continue To Outperform Ethereum For Now Crypto […]
The post Bitcoin Now In French Pension Plans! appeared first on Coinpedia Fintech News
VanEck has partnered with Inter Invest to introduce Bitcoin to French pension savings plans through an innovative Exchange Traded Note (ETN). This groundbreaking collaboration marks the first time French pension investors can gain exposure to digital assets in a regulated and secure manner. The product, the $407 million VanEck Bitcoin ETN (VBTC), provides a new …
The post Solana Skyrockets 20% Over A Week, Potential Bull Run Upcoming? appeared first on Coinpedia Fintech News
Solana has witnessed a significant increase, rising over 20% over the last week. Since mid-April, it has traded within a broad range, finding support at $115 and facing resistance at $188. Crypto analyst Ali Martinez highlights that Solana is forming a W pattern, suggesting a potential bull run. The pattern indicates the price bottomed out …
The post WazirX Launches Bounty Program To Recover Stolen Assets Amounting $234M appeared first on Coinpedia Fintech News
WazirX has announced the launch of a bounty program to freeze and recover stolen assets. The exchange is reaching out to over 500 exchanges to block the identified addresses associated with the stolen funds. The team is also in discussions with several expert groups that specialize in tracking cryptocurrency transactions. It is currently analyzing data …
This Friday, the first South Korean crypto regulatory framework has gone into effect after the one-year preparation period. The new law requires firms in the country to comply with stricter requirements to protect investors and their assets. Related Reading: $235 Million Crypto Theft from WazirX Was ‘Perpetrated’ By North Korean Hackers, Report Reveals South Korea’s […]
The Bitcoin price has quickly recovered from its recent dip to a six-month low of $53,500 on July 5th, reclaiming the $66,000 level and setting its sights on retesting its all-time high of $73,700 reached in March. This resurgence comes as major airlines, medical facilities, corporations, and police forces worldwide grapple with a massive information technology (IT) disruption affecting Microsoft’s cloud computing services. Bitcoin Price Unaffected By Global IT Outage Cybersecurity firm CrowdStrike shed light on the cause of the outages, attributing them to a “routine software update” that went wrong. To reassure the public, CrowdStrike emphasized that the incident was not a security breach or cyberattack. The company then quickly issued a new software update that automatically repaired some affected computers. However, some systems required manual reboots and patching, resulting in significant delays. Related Reading: ETH Derivates Volume Have Flatlined Despite Spot Ethereum ETFs Approval, What’s Going On? Microsoft, on its part, announced the recovery of its 365 apps and services late Friday morning, though some individual customers may still experience residual impact. Interestingly, amid the chaos caused by the IT outage, cryptocurrency prices remained unaffected, capturing the attention of US Senator Cynthia Lummis. Known for her pro-crypto and Bitcoin stance, Senator Lummis took to social media platform X (formerly Twitter) to highlight the resilience of the Bitcoin price amid widespread cyber outages, stating: “Do you know what form of currency hasn’t been affected by widespread cyber outages? Bitcoin. Vires in Numeris.” Meanwhile, speculation surrounding Bitcoin’s potential as a strategic reserve asset for the United States has been intensifying. Anticipation has been further fueled by the upcoming appearance of former US President Donald Trump in Nashville on July 27, who some predict will announce the largest cryptocurrency on the market as a key to the US economy, potentially providing a massive boost to the Bitcoin price. Sell Signal Emerges As the Bitcoin price continues its recovery, crypto analyst Ali Martinez has detected a significant development on the Bitcoin daily chart as the TD Sequential indicator has generated a sell signal. However, the analyst noted that the signal can be invalidated if Bitcoin manages to close above the crucial threshold of $67,500. The cryptocurrency’s current price stands at $66,666, reflecting a 5% increase within the past 24 hours and an impressive surge of over 16% in the past week alone. Sustaining a close above the level identified by Martinez becomes paramount to avoid a potential correction on its path towards the highly anticipated $70,000 milestone. Related Reading: Bitcoin Bollinger Bands Squeezing: Is BTC Ready For $140,000? While Bitcoin’s upward trajectory is strong, it may encounter resistance at various price levels before reaching its target noted by bearish thresholds at $67,600, $68,380, and $69,700, which could pose challenges to Bitcoin’s price rise. Conversely, Bitcoin can find support from its 200-day exponential moving average (EMA), currently positioned at $62,600, which represents a long-term trend indicator, often regarded as a robust support level. Featured image from DALL-E, chart from TradingView.com
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
The post Binance’s Bold Move: Investing Customer Funds in US Treasury Bills! appeared first on Coinpedia Fintech News
On July 19, a United States court granted Binance the approval to invest customer funds in US Treasury Bills. According to the order from the United States District Court for the District of Columbia, Binance can invest “certain” customer funds through a third-party investment manager. Binance must ensure that it does not invest these funds …
As Bitcoin mining firms turn toward the expanding field of artificial intelligence (AI), the terrain of data centers is changing underfoot. These companies are now reallocating their large resources to accommodate AI workloads, therefore ushering a new age in data infrastructure, confronted with declining returns and growing operational issues. Related Reading: Crypto Mining In Russia: […]
The post Ethereum to Cross $5,000 Next Week: Here’s How! appeared first on Coinpedia Fintech News
Ethereum enthusiasts have been waiting for a long time for Ether to break its previous all-time high and reach new heights. Various market and non-market conditions have been stopping ETH from doing it. Finally, the circumstances look positive, and it feels like this time ETH will go to $5,000 or even higher. Let’s explore why …
Rho Markets has already paused its platform in response to the security breach.
Tyler and Cameron Winklevoss, the founders of crypto exchange Gemini, have publicly declared significant financial support for John Deaton, a lawyer known for his involvement in the XRP community. On the evening of 18 July, Tyler Winklevoss announced via X that he had donated $500,000 in Bitcoin (equivalent to 8 BTC) to Deaton’s senatorial campaign […]
WazirX, one of India’s largest cryptocurrency exchanges, suffered a security breach on Thursday that resulted in the loss of $230 million, nearly half of its reserves. The exchange referred to the incident as a “force majeure event.” However, the repercussions extend beyond WazirX alone, casting a shadow of uncertainty over Shiba Inu (SHIB) holders. Panic Sell-Off Fears Rise Blockchain analytics firm Elliptic analyzed the breach, revealing that approximately $235 million worth of various crypto assets were lost, including Shiba Inu ($96.7 million), Ethereum ($52.6 million), Polygon (MATIC) ($11 million), Pepe ($7.6 million), Tether’s USDT ($5.7 million), and Floki Inu (FLOKI) ($4.7 million). Related Reading: WazirX Exchange Releases Post-Mortem Report: Was North Korea Behind The $235M Exploit? As news of the breach spread, Julio Moreno, head of research at CryptoQuant, reported a surge in people rushing to exchanges to sell their assets. Notably, over 5 trillion SHIB tokens flooded exchanges within a few hours, intensifying concerns about a potential major sell-off wave. The impact on Shiba Inu’s price was evident, with the token experiencing a sharp decline of nearly 10% following the exploit to its current trading price of $0.000017. It was also disclosed that The hacker responsible for the WazirX breach sold off $102.1 million worth of SHIB tokens, according to on-chain data firm Arkham, contributing to the downtrend. However, reports indicate that market makers such as Wintermute intervened by purchasing SHIB from decentralized exchanges (DEX) and selling it on centralized exchanges, mitigating a further price drop for the token. Shiba Inu Price Analysis In the future, the extent of the sell-off and its impact is a concern, as investors’ decisions to sell their holdings as panic mounts could further exacerbate the current downtrend. Examining the SHIB/USD daily chart reveals three significant support lines expected to impede further downward movement. The first and relatively less significant support is anticipated to be around the $0.000014 zone. This level previously marked the end of a correction in early July, followed by a recovery towards $0.000020. Should selling pressure breach this level, attention turns to the crucial 6-month support at $0.000012. SHIB bulls must hold this level to prevent a deeper decline if significant buying pressure fails to materialize. Lastly, the $0.0000092 mark represents the ultimate threshold for bullish investors in the Shiba Inu coin. A breach of this level would potentially trigger a revisit to the token’s all-time low levels. Related Reading: MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent Conversely, if SHIB experiences a recovery, the 200-day exponential moving average (EMA), depicted as the yellow line on the SHIB/USD chart, could act as a resistance point. This resistance will come into play if bullish sentiment controls SHIB’s price action. Featured image from DALL-E, chart from TradingView.com
The post Bitcoin Experiences A Pullback To $64K, As Crypto Market Records A Negative Price Action! appeared first on Coinpedia Fintech News
With a drop of approximately $20 Billion within the past 24 hours, the cryptocurrency market is presently valued at $2.35 Trillion, a drop of 0.61%. Moreover, the market leader, BTC price has recorded a 24-hour low of $63,237.75 with a trading volume of $26.519 Billion. On the other hand, the Ethereum price has displayed a …
As the July 23 deadline for launching the spot Ethereum ETF (exchange-traded fund) market approaches, asset management firms have disclosed their management fees, signaling the imminent approval of applications by the US Securities and Exchange Commission (SEC). BlackRock’s Fee Cut Strategy According to BlackRock’s amended S-1 registration statement filed on Wednesday, the asset management giant […]
Crypto analyst Rekt Capital has provided insights into the Bitcoin future trajectory. Based on his analysis, the flagship crypto might not yet be ready for its next leg up, which could see it climb back above $70,000. Bitcoin Not Yet Ready To Establish $65,000 As New Support Rekt Capital claimed in an X (formerly Twitter) post that Bitcoin is not quite ready just yet for a successful retest of the $65,000 level as new support. For the crypto to establish $65,000 as the new support level, the analyst stated that it would need a similar restest like the one which happened sometime in May earlier this year. According to Rekt Capital, this will confirm a break back into the $65,000 to $71,500 region. Related Reading: PEPE Explosion Imminent: Analyst Predicts Price Will Rocket To $0.00004128 ATH Bitcoin establishing $65,000 is crucial as that will also confirm that the downtrend is over as the flagship crypto still risks dropping to the $60,000 range while still below $65,000. Meanwhile, as Rekt Capital noted, Bitcoin holding above the $65,000 support would mean that it is ready to revisit its previous top above $70,000. Bitcoin rising above $70,000 and reaching as high as $71,500 will inspire confidence among investors that the bull run is well underway again. Crypto expert Michael van de Poppe had before now highlighted the $70,000 range as the level for Bitcoin to beat in order to surpass its current all-time high (ATH) of $73,750. Crypto analyst Altcoin Sherpa also recently highlighted three scenarios that could play out for Bitcoin from its current price level. He claimed that the flagship crypto could dump to $63,000 and “return the pump,” dump to $60,000, and return the pump or dump to $60,000 while enjoying some relief bounces and then “die” after it dumps to $60,000. However, the analyst is most hopeful that Bitcoin just break above this level without any pullback and rise to $70,000. What To Expect From BTC Heading Into The Latter Parts Of The Cycle Crypto analyst Dann Crypto shared his expectations for Bitcoin heading into the latter parts of this bull run. He claimed that Bitcoin will enjoy a run-up heading into the US Presidential elections due to the easy narrative of a potential crypto President and Vice President. He expects this rally to also happen thanks to a potential first-rate cut and just the “overall excitement” after Bitcoin had ranged for about four months. Related Reading: Crypto Analyst Predicts 450% Move For Shiba Inu To Reach New All-Time High Daan Crypto also alluded to the Spot Ethereum ETFs, describing them as a “bit of a wildcard” since they could “accelerate the rally,” but it all depends on how much demand these ETFs enjoy. Once this Bitcoin rally is done, Daan Crypto expects that the market will experience another local top with this likely to happen during the new year. The crypto analyst predicts that the final rally in this bull run will come in the latter half of 2025, as part of the 4-year cycle. Daan Crypto noted that this 4-year cycle has always worked and that there is no reason why it shouldn’t work this time around. He warned market participants to not get fixated on a particular target as the market top for Bitcoin and instead, advised them to be fluid. Featured image created with Dall.E, chart from Tradingview.com
The post Trump’s Secret Plan: Bitcoin as a Strategic Reserve? Here’s What You Should Know! appeared first on Coinpedia Fintech News
The US election time is bringing surprises daily for Crypto folks. The Bitcoin 2024 Conference in Nashville is just around the corner and rumors are swirling like never before. The former US President Donald Trump might just drop a bombshell that could change everything. The question here is , could he announce Bitcoin as a …
The post Hamster Kombat supports Trump ! Will he SUPPORT back? appeared first on Coinpedia Fintech News
One major reason for the growing love for crypto in the US is presidential candidate Donald Trump. Even the Telegram tap-to-earn game, Hamster Kombat, hasn’t escaped this Donald phenomenon. The game has launched a new high-performance special card themed around a brutal failed assassination attempt on Donald Trump. The card is named FIGHT-FIGHT-FIGHT, featuring an …
Formally, Bloomberg Businessweek has apologized to Binance and Changpeng Zhao, co-founder, for a 2022 story that falsely characterized Zhao as the head of a “Ponzi scheme.” Related Reading: Bitcoin Bites The Dust? Peter Schiff Celebrates Gold ATH, Trashes Crypto Modern Media CL, Bloomberg’s publisher, issued a public apology in their 250th edition, indicating a great […]
The post Mt. Gox Creditors Alarmed By Unauthorised Login Attempts On Accounts appeared first on Coinpedia Fintech News
Mt. Gox creditors are on high alert after a series of unauthorized login attempts on their accounts sparked fears of a potential brute-force attack, which has led to the website going offline for maintenance. In the past 24 hours, the Mt. Gox creditor subreddit has been flooded with reports of unusual login activities. On the …
The post WazirX Hack : $235 Million Stolen in Major Cyberattack appeared first on Coinpedia Fintech News
Cyvers Alerts took to X and stated that the firm has detected “multiple suspicious transactions” involving WazirX’s Safe Multisig wallet on Ethereum. According to the post, a total of $234.9M of funds have been moved to a new address and each transaction’s caller is funded by TornadoCash. The suspicious address has already swapped Pepe (PEPE), …
Former US President Donald Trump has revealed that JPMorgan CEO Jamie Dimon, a well-known skeptic of Bitcoin and cryptocurrencies, has apparently “changed his tune,” with the potential to win the role of Treasury Secretary in the scenario where the former president once again wins the seat in the Oval Office. Trump’s comments come as Treasury […]
In a thought-provoking session at the Fortune 2024 BrainstormTech conference, Ripple CEO Brad Garlinghouse addressed the division between Republicans and Democrats in the United States when it comes to crypto policy. Expressing his discontent, Garlinghouse emphasized the need for a unified approach towards innovation, highlighting the importance of crypto technology which supports efficiency and reduces […]
The Worldcoin project, spearheaded by Sam Altman of OpenAI, is entering a critical phase with the scheduled unlocking of Worldcoin tokens for early contributors starting July 24. The project earlier today announced a significant extension in the unlock period for 80% of the tokens held by team members, lengthening the duration “from 3 years to […]
Bitcoin ETF issuer VanEck has teamed up with asset manager Inter Invest to launch the first-ever offering of Bitcoin exposure within French retirement savings plans. The initiative is facilitated by VanEck’s VBTC Bitcoin ETF, which was also recently launched on Australia’s leading exchange. With a total value of $407 million, the VBTC ETF aims to […]