The post Ethereum Approaches Make-or-Break Level: Here’s What Next For ETH Price appeared first on Coinpedia Fintech News
Ethereum (ETH) is currently trading at $3,297, marking a 4.29% decline in the past 24 hours and a 2.15% drop over the last seven days. Despite these short-term decreases, Ethereum still holds a strong market cap of $396.33 billion and has a substantial trading volume of $13.63 billion. Meanwhile, looking at the ongoing price trajectory …
The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher.
The post Federal Reserve Chair’s Crucial Message for Crypto Markets appeared first on Coinpedia Fintech News
Federal Reserve Chair Jerome Powell said that the Federal Reserve has achieved ‘quite a bit of progress’ in its ongoing struggle with inflation while stressing the need for further evidence of sustained progress before considering any reduction in interest rates. The comments come at a time when markets keep a close eye on the Fed …
The post Bitcoin July Outlook: PlanB Finds No Abnormalities; 90% Holders In Profit appeared first on Coinpedia Fintech News
PlanB, the creator of the widely used Stock-2-Flow (S2F) model has determined the market outlook for July, based on seven important charts. It is worth mentioning that PlanB is the same person who predicted Bitcoin might hit $100,000 this year. First chart: The Stock-to-Flow Model PlanB said that Bitcoin closed June slightly above $62,000. The …
BTC has already dropped 14% in four weeks.
The post Bitcoin Plunges Below $60,000 for the Second Time in 15 Days: Here’s What It Implies! appeared first on Coinpedia Fintech News
The market sentiments are turning bearish as fresh selling pressure is mounting over the crypto space. The Bitcoin price has formed a fresh daily low below $60,000 for the second time in the past fortnight, which suggests the bears are slowly increasing their hold over the rally. The long-term trade has turned bearish and hence …
Market instability and economic concerns are driving uncertainty in crypto investments, highlighting the vulnerability of risk assets to macroeconomic factors.
The post Bitcoin sinks under $60,000 as $157 million in long positions are liquidated appeared first on Crypto Briefing.
The post 2024 Crypto Market Insights: ETF Approvals, Regulatory Frameworks, and Market Dynamics appeared first on Coinpedia Fintech News
The first half of 2024 was a challenging time for the crypto market. There was an increase in both regulatory scrutiny and institutional adoption. Despite these challenges, the market has shown an upward momentum, with the total crypto market capitalization increasing over the past six months. The crypto industry is gaining institutional adoption, so it’s …
Quick Take Glassnode data reveals that Bitcoin futures open interest on CME is currently around 135,000 BTC, reflecting a significant decline of approximately 40,000 BTC from its all-time high in March, which coincided with Bitcoin’s price peak. Notably, June 28 witnessed the largest single-day drop in open interest on the CME, with a decrease of […]
The post Bitcoin basis trade unwind reflected in shifting futures market and lack of inflows appeared first on CryptoSlate.
The post Indian Crypto Exchange CoinDCX Acquires BitOasis appeared first on Coinpedia Fintech News
A prominent Indian Crypto Exchange CoinDCX has acquired BitOasis marking its first expansion into the Middle East and North Africa. The co-founder of CoinDCX explained that BitOasis will continue to operate independently under its existing licenses, supervised by the relevant regulatory authorities. This news follows BitOasis winning a license to operate as a broker-deal in …
The post Altcoins to Watch: Potential Wealth-Builders for July 2024 appeared first on Coinpedia Fintech News
According to analyst Miles Deutscher, July is crucial for positioning in the market, with opportunities extending into August and September. Despite sideways market movements, significant opportunities exist, which can be seized, according to him. He plans to concentrate on altcoins with short to medium-term catalysts, strong narratives, and attractive price levels. Here’s the list: Coin 1: …
With its swap volume surging to a new all-time high, Uniswap, the leading decentralized exchange (DEX) in the cryptocurrency industry, has achieved a noteworthy milestone, showcasing its position as a formidable DEX. This accomplishment emphasizes how important the exchange is to the continuing growth of Decentralized Finance (DeFi), as more users look to DEXs for […]
The crypto exchange is deploying proactive strategies to safeguard its users’ funds against the growing threat posed by hackers.
As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of "distributed validator technology," or DVT.
Bitcoin and America mean different things to different people. Both may have been captured by corporate interests. And both are all about freedom.
CoinDCX’s acquisition of BitOasis opens new opportunities in the Middle East and ensures regulated and secure trading.
Holograph's internal investigation, aided by Halborn, revealed a former contractor's role in the $14 million token heist.
Web3 Foundation and Parity Technologies, key players in the Polkadot ecosystem, have disclosed their financial independence from the network’s on-chain treasury. The CEOs of the two companies revealed their “significant financial runway” after recent reports raised concerns about the blockchain’s financial health. Parity Technologies is the blockchain infrastructure behind Polkadot, and the Web3 Foundation supports […]
The post Web3 Foundation, Parity Technologies dismiss Polkadot treasury depletion fears appeared first on CryptoSlate.
Artificial Superintelligence Alliance (FET) is experiencing a prolonged bearish trend, pushing its price closer to the critical $0.966 support level. This sustained downward pressure has raised concerns among investors, as the cryptocurrency continues to extend its bearish momentum. The $0.966 resistance mark now serves as a significant point of interest, determining whether FET can reverse its current trajectory or continue its descent. Market participants are closely monitoring these developments, analyzing technical indicators and market sentiment to gauge the potential for a rebound or further decline. This article aims to analyze the extended bearish trend affecting the digital asset and its impact on the cryptocurrency’s price as it approaches the $0.966 resistance level. FET’s price was trading at around $1.30 and was down by 3.10% with a market capitalization of over $3 billion and a trading volume of over $99 million as of the time of writing. There has been a 24-hour decrease of 3.28% and 29.79% in FET’s market capitalization and trading volume respectively. FET Price Under Bearish Pressure Currently, FET on the 4-hour chart is actively bearish trading below the 100-day Simple Moving Average (SMA) and the bearish trend line, dropping toward the crucial $0.966 resistance mark. The 4-hour Composite Trend Oscillator also confirms more bearishness for FET as both the signal line and the SMA of the indicator continue to trend inside the oversold zone. On the 1-day chart, it can be observed that FET is very bearish trading below the 100-day SMA and the trend line. Following a rejection at $1.862, the price of FET has been on an extended bearish move heading toward the $0.966 support level. Lastly, the 1-day composite trend oscillator signals that FET may extend its bearish trend toward the $0.966 support level as the signal line and the SMA are still trending in the oversold zone. Will FET’s Price Breakthrough Or Face A Rejection Conclusively, it can be noted that as the price of FET continues to move toward the $0.966 resistance mark, it may break through its bearishness or face rejection and begin to rise. Therefore, exploring the possible outcomes of the coin, it was discovered that if FET’s price reaches the $0.966 support level and breaks below, it may continue to decline to test the $0.459 level and potentially move on to challenge other lower levels if it breaches the $0.459 level. However, if the crypto asset faces rejection at the $0.966 support level, it will begin to ascend toward the $1.862 resistance level. When this level is breached, it may continue to climb to test the $2.564 resistance level and may move on to test other higher levels if it breaches the $2.564 level. Featured image from Medium, chart from Tradingview.com
The plaintiff in the class action lawsuit “plausibly alleged that DraftKings’ NFTs satisfy three prongs of the Howey test," wrote the judge.
The exaggerated fears of a Mt. Gox Bitcoin sell-off highlight the market's sensitivity to perceived threats, despite minimal actual impact.
The post Mt. Gox Bitcoin sell-off fears are exaggerated: CoinShares study appeared first on Crypto Briefing.
The post Top Memecoins Tokens To Stack In This Crypto Market Correction! appeared first on Coinpedia Fintech News
The cryptocurrency market has displayed a negative price action for the second consecutive day, indicating a rising bearish sentiment in the crypto space. Moreover, top tokens have leveled all their gains from the recent pump, highlighting a mixed sentiment. Following this, memecoins have displayed a similar trend by recording a significant correction in their respective …
Bitcoin has been in a downtrend since the beginning of June, struggling to gain upward momentum despite positive ETF inflows.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The MEW character will be featured on TON, the network where Pixelverse’s Telegram mini-games operate, in a first for a Solana meme coin.
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.
Quick Take According to crypto prediction platform Polymarket, users are betting on a 55% chance that President Biden will withdraw from the presidential race. This significant increase in odds is notable considering that before the first presidential debate on June 27, the market priced in just a 19% chance of Biden dropping out. The day […]
The post Odds of Biden dropping out of presidential race surge as high 63% on Polymarket appeared first on CryptoSlate.
The act of goodwill has gone viral on social media, restoring Nigerians’ trust in the crypto community.
The winds of volatility swept through the crypto market in June, sending the price of Bitcoin tumbling by $10,000. News of a massive Mt. Gox repayment, miner sell-offs, and government-related liquidations all contributed to the price dip. Related Reading: Bitcoin ATMs On The Rise: Crypto Goes Mainstream With Over 38,000 Machines Worldwide Yet, amidst the […]
The secured overnight financing rate surged Monday, indicating liquidity stress in the U.S. banking system.