Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow.
The post Bitcoin Craving for Volatility While Ethereum Preparing for a Massive Move! Here’s What’s Next for BTC & ETH prices appeared first on Coinpedia Fintech News
The crypto markets are coping with the recent losses as the major tokens, Bitcoin & Ethereum, have been demonstrating some strength. With this, the market dynamics are slowly flipping into a bullish range, and traders now expect major price action in the coming days. However, the liquidity appears to be largely flowing to other altcoins, …
The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party.
Ethereum, the second-largest cryptocurrency by market capitalization, is currently at a critical juncture as its price enters a consolidation phase. This period of price stability, marked by a narrow trading range, has left traders and investors in a state of uncertainty. With Ethereum’s price hovering around key support and resistance levels, market participants are closely monitoring technical indicators and market signals to anticipate the next move. The current consolidation reflects a balance between bullish optimism and bearish caution, creating an environment of indecision that could lead to significant volatility once a breakout direction is established. This analysis delves into examining Ethereum’s current price state to determine its potential future price action. Market Overview: Ethereum Current Trends And Analysis Currently, on the 4-hour chart, the price of Ethereum is moving upward toward the upper level of the consolidation zone, but it is still trading below the 100-day Simple Moving Average (SMA). A careful examination of the 4-hour Composite Trend Oscillator reveals that ETH’s price may still move upward as both the signal line and the SMA of the indicator are trending above the zero line. From this formation, it can be suggested that Ethereum may likely move to test the upper base of the consolidation before dropping again. On the 1-day chart, ETH is actively bullish moving toward the upper base of the consolidation zone while still trading above the 100-day SMA. With the way ETH’s price is moving, it may move on to test the upper base of the consolidation. The 1-day Composite Trend Oscillator indicator reveals that although ETH is currently bullish, it may go bearish in the long run as both the signal line and the SMA are attempting to cross below the zero line. Potential Scenarios: What’s Next For ETH? A look at potential future scenarios for Ethereum’s movement post-consolidation suggests that if the price of ETH breaks above the upper base of the consolidation, it will begin to move upward toward the $4,099 resistance level. If the price breaches this level, it may move on to test its all-time high of $4,863. In contrast, should the crypto asset break below the lower base of the consolidation, it will begin to move downward toward the $2,865 support level. If this level is breached, it will continue to move downward to test the $2,147 and probably other lower levels. As of the time of writing, ETH was trading at around $3,607 and was down by 1.82% with a market capitalization of over $440 billion and a 24-hour trading volume of over $13 billion. Although its market capitalization is down by 1.77%, its trading volume has increased by 28.93% in the past day. Featured image from Adobe Stock, chart from Tradingview.com
The post Here’s Why Ripple-backed XRP Dominance Will Gain Against Bitcoin (BTC) Ahead appeared first on Coinpedia Fintech News
The overall market sentiment for Ripple Labs and XRP has significantly improved in the recent past. The Ripple fundamentals have improved based on the recent motion filed by the United States Securities and Exchange Commission (SEC) to compel the company to pay a fine of around $102 million for settlement purposes. Additionally, Ripple has initiated …
The post XRP Price Explosion Incoming? Analysts Predict 1700% in 10 Days If This Happens appeared first on Coinpedia Fintech News
Ripple (XRP), the sixth-largest cryptocurrency by market capitalization, is trying hard to reach the $1 mark again amidst legal hurdles in the unpredictable crypto market. Today, XRP saw a moderate increase of 1.91%, reaching $0.4985, amid a session characterized by tight trading conditions. Despite challenges, crypto expert Egrag Crypto predicts a potential rise for XRP, …
Argentina President Javier Milei has reiterated his support for Bitcoin as a tool to revitalize the national economy. In a June 19 statement on X, Milei announced that Argentina would allow the competition of various currencies, including digital assets like Bitcoin. He stated: “There will be free competition of currencies. If you want to use […]
The post Argentine leader Javier Milei promotes Bitcoin in currency reform plan appeared first on CryptoSlate.
In a bold statement underscoring Shiba Inu’s strategic entry into the evolving landscape of non-fungible tokens (NFTs), the project’s team member and marketing lead Lucie has proclaimed Shiboshis as the real dark horse of NFTs. This statement presents Shiboshis, Shiba Inu’s own NFT collection, as a unique competitor in the fiercely competitive and quickly growing […]
Konami Digital Entertainment has teamed up with Avalanche to debut Resella, an intuitive NFT platform simplifying NFT creation, issuance and trading.
The approval of the Bitcoin ETFs has offered investors a welcome sign of relief beyond the first publicly traded Bitcoin-based products.
But Tigran Gambaryan, who's still in custody in a Nigerian prison and was recently treated for malaria, can proceed with his lawsuit.
Kraken is planning to take legal action against security firm CertiK as the "white hat" operation by security firm turns into a legal blunder.
The post Argentinian President Javier Milei Backs Bitcoin: A Solution for Economic Woes? appeared first on Coinpedia Fintech News
Argentinian President Javier Milei has supported the crypto sector, particularly Bitcoin, proposing it as a key solution to the country’s economic troubles. With his recent post on X, Milei has ignited a discussion on the potential role of Bitcoin in Argentina’s future. Here is a closer look at how Bitcoin might shape Argentina’s economy. …
The post Crypto Regulations in India 2024 appeared first on Coinpedia Fintech News
In the case of virtual currencies, India has not enacted any special legislation. However, with its increasing popularity, crypto has aligned with various government statutes like the Companies Act, 2013, necessitating the reporting of virtual digital assets (VDAs). It has also touched the broadened scope of the Prevention of Money Laundering Act, 2002, by including …
The post Here’s Why Bitcoin Price Could Double in JUST 15 Days appeared first on Coinpedia Fintech News
This week, Bitcoin saw significant selling pressure due to concerns over demand and ETF outflows, dropping below the critical $65,000 support level for the second week in a row. It’s down over 12% from its peak, indicating a shift in market sentiment towards bearishness. Notably, major spot Bitcoin ETFs experienced net outflows totaling $145.9 million, …
Quick Take The Realized Price of Bitcoin represents the average on-chain acquisition cost for the entire coin supply. This metric provides insights into the average price at which coins were last moved on-chain, indicating the collective cost basis of all Bitcoin holders. Short-Term Holder (STH) Realized Price, reflecting coins moved within the last 155 days, […]
The post Bitcoin bulls drive short-term realized price to $64,097 appeared first on CryptoSlate.
The post Akash Network Regains Dominance! AKT Price To Surge 25% Soon? appeared first on Coinpedia Fintech News
Despite a negative trend in the crypto market, the dominance of Artificial Intelligence (AI) tokens continues to rise. Further, top AI crypto-tokens continue to record significant uptrends in their respective portfolios over the past 2 days, highlighting a rising bullpower in the crypto space. Moreover, the AKT price has added approximately 16% in valuation this …
DOGE funding rates are starting to flip negative, data shows, as traders move away from riskier assets amid low volatility in the broader crypto market.
The winds of change are blowing through the Ethereum (ETH) ecosystem. Despite tentative signs of recovery after recent dips, the price has struggled to stay afloat in the last 30 days. Additionally, a more intriguing trend has emerged: a mass exodus of ETH from cryptocurrency exchanges. This movement, marked by declining exchange supply and net outflows, has analysts buzzing with potential bullish implications. Related Reading: Bitcoin Takes Control In Market Meltdown, Dominance Climbs To 9-Week Peak Dwindling Stockpiles: Exchanges Feeling The Squeeze For years, cryptocurrency exchanges have served as the lifeblood of the digital asset market. They provide the platform for buying, selling, and trading cryptocurrencies, with a significant portion of any given coin’s total supply residing within their digital vaults. However, when it comes to ETH, a dramatic shift seems to be underway. According to a recent analysis of on-chain data, the balance of ETH on exchanges has plummeted to its lowest level in eight years, hovering around a mere 10.20%. This translates to a significant portion of ETH holders withdrawing their coins from exchanges, effectively taking them off the market for immediate sale. The reasons behind this exodus remain open to speculation. Some experts believe it could be a strategic move in anticipation of the upcoming Ethereum Merge, a major network upgrade that will transition the blockchain from proof-of-work to a more energy-efficient proof-of-stake model. This shift could potentially unlock staking opportunities for ETH holders, incentivizing them to hold onto their coins for longer periods. Outflows Dominate: A Sign Of Accumulation Or Caution? Further bolstering the “accumulation theory” is the dominance of net outflows on exchanges in recent days. This metric tracks the difference between ETH entering and leaving exchange wallets. A negative netflow, as seen currently, indicates that more ETH is flowing out than coming in. This suggests that investors are not only withdrawing their existing holdings but also refraining from depositing new ETH onto exchanges, potentially signaling a growing sense of long-term bullishness. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? However, some analysts caution against overly optimistic interpretations. The decline in exchange supply could also be attributed to a more cautious investor sentiment in the face of recent market volatility. With the broader cryptocurrency market still recovering from a slump, some holders might be opting to move their ETH to private wallets for safekeeping, waiting for a more opportune moment to re-enter the market. Featured image from iStock, chart from TradingView
EDF subsidiary Exaion helps industries with digital transformation by focusing on addressing the energy efficiency of data centers.
The post Nate Geraci Hints Ethereum ETF To Launch Anytime As SEC Nears Final Approval appeared first on Coinpedia Fintech News
Nate Geraci, president of ETF Store, has hinted that a wave of amendments for spot Ethereum ETF filings is expected over the next few days. According to Geraci’s recent tweet, the Securities and Exchange Commission (SEC) appears to have addressed all major concerns, potentially paving the way for an official launch before July 4th. SEC’s …
The post Crypto Market Surge: Bitcoin Rebounds Amid Whale Accumulation and Regulatory Updates appeared first on Coinpedia Fintech News
The total cryptocurrency market cap surged around 1 percent in the past 24 hours to reach about $2.54 on Thursday during the London session. The sharp uptick in on-chain activity, mostly involving whale traders, has helped Bitcoin (BTC) price rebound above $65k to trade around $65,834 at the time of this writing. Change in Crypto …
Miners are holding the least Bitcoin on their balance sheets since February 2010, but the fiat value of their reserves is hovering around an all-time high.
After suspending Worldcoin operations in August 2023, Kenyan authorities have finally dropped a probe against the firm, potentially paving the way for its comeback.
Binance, the world’s largest crypto exchange by trading volume, faces escalating regulatory challenges in multiple jurisdictions, including India, Canada, and the United States. India imposes $2.2 Million fine On June 19, India’s Financial Intelligence Unit (FIU) fined Binance 188.2 million Indian Rupees (approximately $2.2 million) for non-compliance with the country’s Anti-Money Laundering (AML) regulations. Per […]
The post Binance’s global operations under fire as fines and suspensions mount appeared first on CryptoSlate.
Australian mining magnate Andrew Forrest scored a legal victory against Meta Platforms this week after a US judge rejected the company’s attempt to dismiss his lawsuit. Forrest alleges Meta (which owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services) facilitated a massive crypto scam campaign that used his image and deepfakes […]
The VanEck Bitcoin ETF, the first spot bitcoin exchange-traded fund on the Australian Securities Exchange (ASX), debuted on Thursday.
The Fetch.ai token has surged 40% in the past month, while Render Network is up nearly 30%.
The ratio has declined 35% in one month, reaching the lowest since March 13.
The AI-linked token sector has risen 14% in the past 24 hours, data shows, outperforming other sectors.