The Jeo Boden memecoin was hardest hit, falling over 53% from its 24-hour high during presidential debate night.
The post Avalanche (AVAX) & Polkadot (DOT) Initiate a Recovery, Hoping to Rise by 40% in July 2024 appeared first on Coinpedia Fintech News
The crypto markets are showing some signs of closing the crucial month on a positive note, as most of the tokens have been painted green. With the increased demand for primitive tokens, liquidity appears to be returning to larger tokens. Hence, Avalanche (AVAX) & Polkadot (DOT) prices have surged heavily by over 8% since the …
Dogecoin (DOGE), like the other meme coins, has been facing severe bearish pressure and has not been able to attract a meaningful rally for a while now. Due to its recent price declines, determining the next price trajectory of the crypto asset has been a major discussion within the cryptocurrency landscape. Delving into the subject, […]
The crypto market maker’s forecast for Solana was based on a “blue sky” scenario, while its “bear” scenario only predicted a 1.4x increase in Solana’s price.
The post Odds Of Trump Winning The Election Surges To 67% On Polymarket appeared first on Coinpedia Fintech News
The odds of former President Trump winning the November 2024 Presidential election surged on Polymarket to as high as 67%. According to Polymarket, there’s a less than 70% chance that Biden will be the Democrat nominee, with a growing market sentiment on the platform that President Biden will either not be the Democratic nominee or …
Logan Paul claims YouTuber Stephen Findeisen, also known as Coffeezilla, “maliciously and repeatedly” made false statements about his NFT project CryptoZoo.
Solana started strong increase above the $135 resistance. SOL price is up over 10% on the ETF hopes and it might rise further toward $162. SOL price started a steady increase and cleared the $142 resistance against the US Dollar. The price is now trading above $142 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $142 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could correct lower and find bids near the $140-$142 zone. Solana Price Starts Fresh Rally On ETF Fillings Solana price formed a base above the $125 level and started a fresh increase. SOL broke many hurdles near the $135 and $140 levels to move into a positive zone. It gained over 10%, cleared the $145 resistance, and outperformed Bitcoin and Ethereum. A high was formed at $150.93 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the upward move from the $135 swing low to the $151 high. Solana is now trading well above the $142 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $142 on the hourly chart of the SOL/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $135 swing low to the $151 high. If there is another increase, the price might face resistance near the $150 level. The next major resistance is near the $152 level. A successful close above the $152 resistance could set the pace for another steady increase. The next key resistance is near $162. Any more gains might send the price toward the $175 level. Are Dips Supported in SOL? If SOL fails to rise above the $152 resistance, it could start another decline. Initial support on the downside is near the $145 level. The first major support is near the $142 level and the trend line, below which the price could test $140. If there is a close below the $140 support, the price could decline toward the $128 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $145, and $142. Major Resistance Levels – $152 and $162.
The post Interest Rate Cut Likely In The Fourth Quarter, Says Atlanta Federal Reserve President appeared first on Coinpedia Fintech News
Atlanta Federal Reserve President, Raphael Bostic, stated on Thursday that an interest rate cut in the fourth quarter was likely, with inflation moving in the right direction, as reported by Reuters. He further included that penciled in four quarter-percentage-point rate cuts for 2025, the Fed is on a long-term arc. Fed can achieve a 2% …
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Stripe and Coinbase have partnered up to increase on-chain adoption and provide faster, cheaper financial infrastructure. Stripe intends to add support for Base across its crypto product suite to offer users faster and cheaper money transfers. Coinbase is adding Stripe’s fiat-to-crypto onramp into Coinbase Wallet to allow users to buy crypto instantly with credit cards …
The post $572M Crypto Losses From Hacks And Rug Pulls In Q2 appeared first on Coinpedia Fintech News
Immunefi, an on-chain crowd-sourced security platform, in its Crypto losses of Q2 2024 revealed a loss of $572 million to hacks and rug pulls. This marks a 112% increase compared to the same period in 2023. The total losses now stand at over $920 million year-to-date, with May 2024 witnessing the highest monthly losses at …
The sharp decline in Biden-themed Solana memecoins during the first presidential debate highlights the volatile intersection of politics and cryptocurrency markets, underscoring the potential for significant financial impacts based on political events and perceptions.
The post Biden-themed Solana memecoins fell sharply amid Biden-Trump first presidential debate appeared first on Crypto Briefing.
In a recent filing with the US Securities and Exchange Commission (SEC), the BlackRock Global Allocation Fund disclosed its ownership of 43,000 shares of the asset manager’s Bitcoin ETF, iShares Bitcoin Trust, as of April 30. This announcement follows two previous filings by BlackRock on May 28, which disclosed the fund’s exposure to Bitcoin in its Strategic Global Bond Fund and Strategic Income Opportunities Portfolio. BlackRock Bitcoin ETF Investment Plan The investment giant’s move towards Bitcoin integration became evident in March when it submitted a filing to the SEC, expressing its intention to include Bitcoin ETFs in its Global Allocation Fund. BlackRock’s objective is to invest in Bitcoin ETFs that directly hold BTC, aiming to mirror the performance of the digital currency market. The company’s filing specified that the Global Allocation Fund may acquire shares in exchange-traded products (ETPs) that seek to reflect the price of Bitcoin by directly holding the cryptocurrency. However, it clarified that investments in Bitcoin ETPs will be limited to those listed and traded on recognized national securities exchanges. Related Reading: Dogecoin Profitability Rises To 75% As Shiba Inu Plunges To 52% This initiative aligns with BlackRock’s broader investment strategy for its Global Allocation Fund, a mutual fund designed to diversify investors through a wide range of assets, including equities, bonds, and potentially Bitcoin ETPs. With $17.8 billion in assets under management (AUM) and a year-to-date return of 4.61% as of March 2024, the fund aims to capitalize on global investment opportunities while effectively managing risk and pursuing long-term capital growth and income. This marks the third internal BlackRock fund to invest in Bitcoin through the iShares Bitcoin Trust (IBIT) ETF. The Strategic Global Bond Fund, Strategic Income Opportunities Portfolio, and now the Global Allocation Fund have all recognized the potential of Bitcoin as an investment asset. Bitcoin Price Analysis In the past 24 hours, Bitcoin has shown resilience by reclaiming the $61,780 level after experiencing a dip to as low as $58,000 on Monday. This recovery suggests that the leading cryptocurrency is withstanding the selling pressure it has encountered over the past week, indicating a potential continuation of its halted uptrend. According to technical analyst Ali Martinez, Bitcoin is forming an Adam & Eve bottoming pattern, which could lead to a projected 6% increase towards $66,000 if BTC maintains a candlestick close above the $62,200 level. Furthermore, historical data indicates that July has historically been favorable for Bitcoin’s price growth, particularly in years of Halving. Analyzing the image above, 7 out of the previous 11 July months resulted in positive gains. The green months, in particular, generated an impressive upside of 16.52%, while the red months experienced a downside of 6.99%. Examining the performance of Bitcoin in the third quarter (Q3), the data presents a more balanced picture. Out of the previous 11 Q3 periods, 5 were positive. Green Q3s, on average, produced a significant upside of 33.52%, while red Q3s generated an average downside of 16.023%. Related Reading: Chainlink (LINK) To Hit New Highs? Analysts Predict $25 Target Whether historical price performance will repeat itself, leading to price gains for BTC, remains to be answered. If history were to repeat in this scenario, it could potentially result in Bitcoin retesting its all-time high, which reached $73,700 in March, potentially even surpassing it. Featured image from DALL-E, chart from TradingView.com
On-chain data shows the Bitcoin mining hashrate has declined to the lowest since early March. 7-Day Average Bitcoin Mining Hashrate Has Continued To Go Down Recently The “mining hashrate” refers to an indicator that keeps track of the total computing power the miners have currently connected to the Bitcoin blockchain. This metric’s value could be […]
The post Robert Kiyosaki’s Choice Of Real Assets Over Its ETFs appeared first on Coinpedia Fintech News
Robert Kiyosaki in a critical tweet, posted a set of questions and answers as to why he would not buy Bitcoin ETFs. He claimed that he would not buy Bitcoin ETFs for the same reason as he does not buy Gold or Silver ETFs. In an answer to the question ‘What is wrong with ETFs’, …
The post Investors Consider Bitcoin A Hedge Against Geopolitical Uncertainty: BlackRock appeared first on Coinpedia Fintech News
Head of Thematic and Active ETFs at BlackRock Jay Jacobs said that Bitcoin, with only one-tenth of the size of the gold market, has high volatility and behaves differently than bonds and stocks. Many investors look at it as a potential hedge against geopolitical and monetary risks. Blakcrock’s promotion of Bitcoin and its IBIT ETF …
The post Bitcoin Price Reacts to Biden-Trump Debate; Altcoins Drift Into Green Zone appeared first on Coinpedia Fintech News
President Joe Biden and former President Donald Trump had a heated face off at their first 2024 presidential debate today. From deep discussions on abortion policies to tackling inflation and addressing global conflicts in Ukraine and Gaza, the debate took a sharp turn when both sides hurled nasty accusations. However, what disappointed keen crypto enthusiasts …
Joe Biden and Donald Trump didn’t discuss crypto in their first head-to-head debate even as the industry raised a multibillion-dollar war chest to influence the elections.
XRP price is attempting to recover above the $0.4700 resistance zone. The price could decline again if it fails to clear the $0.4825 resistance zone. XRP price is still struggling to gain pace for a move above the $0.4800 resistance zone. The price is now trading above $0.4720 and the 100-hourly Simple Moving Average. There was a break above a crucial bearish trend line with resistance at $0.4710 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above the $0.4825 resistance. XRP Price Attempts Recovery XRP price attempted a recovery wave above the $0.470 level like Bitcoin and Ethereum. The bulls were able to push the price above $0.4720 to push the price in a short-term bullish zone. There was a break above a crucial bearish trend line with resistance at $0.4710 on the hourly chart of the XRP/USD pair. However, the pair is now facing resistance near the $0.4770 level. A high was formed at $0.4769 and the price is now consolidating losses. The price is testing the 23.6% Fib retracement level of the upward move from the $0.4660 swing low to the $0.4769 high. It is now trading above $0.4720 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4770 level. The first major resistance is near the $0.4785 level. The main hurdle is now near $0.4825. A clear move above the $0.4825 resistance might send the price toward the $0.4880 resistance. The next major resistance is near the $0.500 level. A close above the $0.500 resistance zone could send the price higher toward $0.5120. Any more gains might send the price toward the $0.5250 resistance. Another Decline? If XRP fails to clear the $0.4770 resistance zone, it could start another decline. Initial support on the downside is near the $0.4740 level and the 100-hourly Simple Moving Average. The next major support is at $0.470. If there is a downside break and a close below the $0.4700 level, the price might continue to decline. In the stated case, the price could even trade below the $0.4620 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.4700 and $0.4620. Major Resistance Levels – $0.4770 and $0.4825.
Biden's chances at becoming the Democratic nominee also slid to 70%, while Gavin Newsom's odds jumped to 15%.
The post List Of Strong Gaming Altcoins That Require Immediate Attention appeared first on Coinpedia Fintech News
Kyledoops of Crypto Banter joined gaming-expert Hustle and expressed bullish sentiments towards the gaming sector. However, they said that the sector might see major gains towards the end of the current market cycle. He said that meme coins have currently captured more attention but also opened up about the strong foundation and user base in …
Ethereum (ETH)’s struggles to regain the last cycle’s heights have brewed a bearish sentiment among some sectors of the crypto community. Its performance during Q2 has seemingly continued to fuel the sentiment. However, with rumors of an ETH ETF (Exchange-Traded Fund) approval being around the corner, analysts believe the ‘King of Altcoins’ is about to hit the “ETH season.” Related Reading: Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React? Will Ethereum Spot ETF Come Next Week? On Wednesday, Reuters revealed sources close to some investment firms believe that Ethereum ETFs will be approved next week. The rumors follow the Securities and Exchange Commission (SEC) Chair, Gary Gensler, comments regarding the investment products’ approval. Earlier this week, Gensler spoke at the Bloomberg Invest Summit, revealing that the approval process is “working smoothly.” The launch of the highly anticipated products is expected to come this summer and could be as early as July. According to Reuters, industry executives and lawyers involved with the applicants believe the Ethereum ETF could be approved within the next two weeks. Per the report, the ETH approval could come as soon as July 4. A month ago, ETH’s price soared by over 30% in anticipation of an SEC’s approval, going from the $3,000 mark to the $3,900 price range. Since then, the second-largest cryptocurrency has retraced to the $3,200 support zone. Nonetheless, the ‘King of Altcoins’ saw a positive impact from the recent ETF rumors. Ethereum rose by 2.5% following the news, recovering the $3,400 support zone it lost at the beginning of the week. Is ‘ETH Season’ Around The Corner? Crypto analyst Jelle believes that ETH might be ready for take-off despite the expectations of “an underwhelming ETF launch.” To the analyst, ETH “looks ready for a massive push higher” as it tests key levels the week before the alleged approval. Per his chart, the cryptocurrency is testing the support of a downtrend within the accumulation range. Jelle considers that if ETH pushes into $4,000 again, it might not “stop anytime soon.” To him, the “nearly three years in the making breakout” into the expansion zone will kickstart the “ETH season.” Similarly, Daan Crypto Trades pointed out that Ethereum is still consolidating against a “massive 2-year-long downtrend line.” Per the trader, the May pump highs are the place to break. A “higher high above 0.0575” would “flip the market structure to bullish.” Moreover, Crypto Yoddha highlighted the falling wedge pattern in the ETHBTC chart. The trader suggested that a breakout will come “anytime now.” This analysis was also shared by trader Miky Bull, who considers Ethereum “fully ripe for a rally from the retest of fib .618 level.” Related Reading: Ethereum Price Roadblocks: What’s Hindering A Fresh Increase? Despite being down by over 10% from the May pump, ETH has seen a 3.6% increase in the last 24 hours. As of this writing, the ‘King of Altcoins’ is exchanging hands at $3,450. Featured Image from Unsplash.com, Chart from TradingView.com
The price of Bitcoin jumped as much as 1.1% after the presidential debate kicked off on Thursday evening, with Donald Trump extending his lead over Joe Biden in betting markets.
Cryptocurrency adoption has witnessed a significant surge globally, with the United Arab Emirates (UAE) and Vietnam emerging as frontrunners in embracing digital assets. Recent data from Triple-A has particularly shown that roughly 30.4% or 3 million people of the UAE’s population now own cryptocurrency, positioning the nation as a leader in the global fintech arena. […]
Ethereum price is attempting a fresh increase above the $3,420 resistance zone. ETH is now struggling to clear the $3,480 and $3,520 resistance levels. Ethereum slowly moved higher above the $3,420 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,480 and $3,520 resistance levels to continue higher. Ethereum Price Recovers Slightly Ethereum price started a decent recovery wave above the $3,350 level. ETH even cleared the $3,400 level and outperformed Bitcoin. There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD. The pair even cleared the $3,450 resistance zone. A high was formed at $3,482 and the price is now consolidating gains. There was a move below the $3,450 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,328 swing low to the $3,482 high. The bulls are now trying to protect more downsides below the $3,420 level. Ethereum is trading above $3,400 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $3,480 level. The first major resistance is near the $3,500 level. The next major hurdle is near the $3,520 level. A close above the $3,520 level might send Ether toward the $3,550 resistance. The next key resistance is near $3,620. An upside break above the $3,620 resistance might send the price higher. Any more gains could send Ether toward the $3,740 resistance zone. Another Drop In ETH? If Ethereum fails to clear the $3,480 resistance, it could start another decline. Initial support on the downside is near $3,420. The first major support sits near the $3,400 zone and the 50% Fib retracement level of the upward move from the $3,328 swing low to the $3,482 high. A clear move below the $3,400 support might push the price toward $3,320. Any more losses might send the price toward the $3,240 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,400 Major Resistance Level – $3,480
The Shiba Inu price has now entered a buy zone after a crash that sent it below the $0.000017 support. At this point, it presents a unique opportunity for investors looking to get into the cryptocurrency at a low price, especially as the market looks toward another recovery. Analyst Identifies Buy Zone For SHIB According […]
Despite a recent uplift in Bitcoin market price, which saw the crypto momentarily breach the $62,000 mark, the widespread consensus among crypto analysts suggests that this increase is temporary and that the bearish pressure is far from over. Particularly, prominent crypto analyst Willy Woo voiced earlier that the minor surge was primarily a “technical” response to oversold conditions and did not indicate underlying market strengths. Related Reading: Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years — Here’s How Bitcoin Bears Are Still In Control Diving into Woo’s analysis shared on Elon Musk’s X platform, Woo remarked that although Bitcoin recently rebounded from a significant dip below $60,000, fundamental market indicators remain weak, signifying that the recent price action is not a reliable indicator of sustained recovery. According to Woo, the bounce back is driven by technical factors such as the TD9 reversal and a hidden bullish divergence rather than genuine market recovery. “The markets would correct for overselling,” Woo explained, highlighting that current trading activities do not reflect a shift in the basic supply and demand dynamics essential for a genuine bullish market turnaround. He further emphasized that spot buying needs to be substantially increased for a true bullish sentiment to take hold, which remains lackluster. Nice to see some of the speculation getting purged the last few days. Still a bit heavy, still too much speculation. Bears still in control, but #Bitcoin got so oversold in the liquidations that it’s really hard to go lower without an uptick. pic.twitter.com/EJeqmaLe0Z — Willy Woo (@woonomic) June 26, 2024 Woo further points out that speculative pressures are still rampant, with an excess of synthetic coins in circulation yet to be replaced by genuine market purchases. This imbalance underscores a market dominated by speculation rather than investment, with long-term sustainability in question. The analyst suggests the market might experience a few more weeks of stagnation or minimal gains, reminding of the anticipated bounce from hash rate. Woo noted: And we are still waiting on hash rate to bounce which is a leading sign that miners have stopped selling to fund hardware upgrades. So be prepared for very boring price action for many more weeks. It’s not moon boy time. It’s time for speculators to liquidate themselves, or until they get bored and close positions. Then we can move on. Best path here is to stack spot and let degens die. BTC’s Volatile Journey And Potential 40% Drop The leading cryptocurrency by market cap has endured a tumultuous few months, marked by a significant downturn. After reaching a new high above $73,000 in March, Bitcoin has since retreated by nearly 20%, recently rebounding to just over $61,000 after briefly dipping to a 24-hour low of $60,606. This volatility aligns with analyst comments suggesting that bearish trends may continue to dominate. An analyst recently noted on X that Bitcoin holders might face further declines. Related Reading: Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst The analyst pointed to the selling patterns of long-term holders (LTHs) during previous cycles, predicting a potential 40% drop from all-time highs. Meanwhile, on-chain data indicates that Bitcoin is hovering near a threshold that typically marks the transition into the ‘euphoria’ phase of market cycles. Featured image created with DALL-E, Chart from TradingView
The post Cryptocurrency And Bitcoin Take Back Seat in Donald Trump, Joe Biden’s Heated Presidential Debate appeared first on Coinpedia Fintech News
President Joe Biden and Former President Donald Trump are turning to the White House race, building anticipation for the first 2024 presidential debate, which started with a fresh set of accusations. There’s buzz on social media platform X about the crypto industry pushing for cryptocurrency discussions during tonight’s debate. Following President Biden’s veto, his campaign …
President Joe Biden and former President Donald Trump faced off in a debate on Thursday evening.
The number of Bitcoin wholecoiners tends to rise and fall with the crypto market’s ebbs and flows, but it has stayed above 1 million for over a year now.
Bitcoin price is consolidating above the $60,550 support zone. BTC could avoid more downsides if it manages to recover above the $62,400 resistance. Bitcoin is still struggling to recover above the $62,200 and $62,400 levels. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $61,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline unless there is a close above the $62,400 resistance zone. Bitcoin Price Faces Hurdles Bitcoin price struggled to rise above the $62,400 resistance zone. BTC again declined below $62,000, but the bulls were able to protect the $60,550 support. The recent high was formed at $62,297 and the price is now consolidating. Recently, there was a break above a major bearish trend line with resistance at $61,250 on the hourly chart of the BTC/USD pair. It is trading above the 50% Fib retracement level of the upward move from the $60,580 swing low to the $62,297 high. Bitcoin price is now trading above $61,500 and the 100 hourly Simple moving average. If there is another increase, the price could face resistance near the $62,250 level. The first key resistance is near the $62,400 level. The next key resistance could be $62,500. A clear move above the $62,500 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $63,500 resistance. Any more gains might send BTC toward the $64,400 resistance in the near term. Another Decline In BTC? If Bitcoin fails to climb above the $62,400 resistance zone, it could start another decline. Immediate support on the downside is near the $61,450 level and the 100 hourly Simple moving average. The first major support is $61,150 and the 61.8% Fib retracement level of the upward move from the $60,580 swing low to the $62,297 high. The next support is now forming near $60,550. Any more losses might send the price toward the $58,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $61,150, followed by $60,550. Major Resistance Levels – $62,250, and $62,400.