David Hirsch, the influential head of the Cryptocurrency and Network Division at the US Securities and Exchange Commission (SEC), has officially vacated his office. This move could signal significant shifts in the crypto regulatory landscape for cryptocurrencies in the US Hirsch’s departure comes at a pivotal moment for the industry, with major legal battles ongoing […]
Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision, a financial media platform, has indicated that Solana is on the brink of reversing its bearish trends. The financial expert has predicted a “magnificent autumn rally” for the cryptocurrency in this market cycle. Solana To Witness Major Autumn Rally Solana’s recent downward trend could potentially signal a great buying opportunity for investors who remain optimistic about the cryptocurrency’s future outlook. Being a popular supporter and long-term investor of Solana, Pal has expressed confidence in the cryptocurrency’s ability to witness a major price increase soon. Related Reading: Bitcoin Price Drops Below Critical Support Level Following Rejection At $70,000 In an X (formerly Twitter) post on June 18, Pal highlighted Solana’s present market dynamics, sharing a detailed price chart of the cryptocurrency, depicting its price movements from July 2023 to July 2024. The analyst described Solana’s price actions as a “banana” that was slowly “ripening,” emphasizing the cryptocurrency’s steady rise to peak value. He also underscored the cryptocurrency’s significant growth potential and performance amidst market downtrends, highlighting Solana’s ability to witness a “magnificent” rally in the upcoming autumn season. In this context, the autumn season signifies a cryptocurrency season characterized by a surge in market capitalization followed by initial signs of market weakness, as investors take profits and volatility increases. Typically, crypto autumn precedes the winter season which is the harshest period in the market where bears attack and cryptocurrency prices fall dramatically. Pal has suggested that investors who wish to add more SOL to their existing holdings can do so during this period to take advantage of potential buying opportunities. He portrayed Solana’s present price as a prime entry point for crypto investors to position themselves before an impending rally. However, a few crypto community members expressed skepticism about Pal’s predictions, including crypto analyst, Jerry Jordan who queried about the timeline for this projected “banana season.” Responding to Jordan’s comment, Pal acknowledged that while a banana season for Solana was inevitable, ongoing market volatility makes the timeline for its projected surge uncertain. He emphasized that Solana will need to break out of its current sideways consolidation before it can witness a significant price increase. Sharing Pal’s bullish sentiments for Solana, popular crypto analyst, Ali Martinez has disclosed a key support zone at $141 for the cryptocurrency. He revealed that Solana’s TD Sequential was showing a major buy signal on its daily chart, predicting a possible rebound if the cryptocurrency holds the aforementioned support level. SOL Price Fundamentals Remain Strong Amidst Downturn The price of Solana has been on a major downward trend lately, recording a significant 19.84% decline since the beginning of the month. Despite the market’s volatility, the price of Solana has continued to maintain a value above $135, underscoring its strong price fundamentals amidst wavering market conditions. Related Reading: Shiba Inu To The Moon: Analyst Predicts A Run Above $0.00015 If This Happens According to CoinMarketCap data, Solana is trading at $139.78, reflecting a 0.31% surge in the last 24 hours. The cryptocurrency is steadily pushing toward the $150 threshold despite witnessing an 8.44% decline over the past seven days. Featured image created with Dall.E, chart from Tradingview.com
The alternative DApp store wants to offer features for Web3 enthusiasts while focusing on due diligence when listing apps.
Gabriel Shifton pushed back against a report claiming that AssangeDAO carried out “suspicious” transactions, saying instead that the DAO fulfilled its promises.
ZachXBT outs Martin Shkreli as DJT token creator, raising issues with his parole terms and a potential $832,000 insider token dump.
The post ZachXBT exposes TrumpCoin creator as ‘Pharma Bro’ Martin Shkreli appeared first on Crypto Briefing.
Increased stablecoin usage could be a sign of growing crypto adoption for a maturing industry.
Montenegro’s Prime Minister Milojko Spajić was an early investor in the failed Terra Luna coin and may have lost millions to the ecosystem’s implosion in 2022, according to recent court documents filed by the US Securities and Exchange Commission (SEC). Before becoming prime minister, Spajić was a crypto entrepreneur. In April 2018, just before Terraform […]
The post Montenegro prime minister reportedly an early investor in defunct Terraform Labs appeared first on CryptoSlate.
The post Bernstein Predicts $200K Bitcoin by 2025 appeared first on Coinpedia Fintech News
According to Bernstein’s prediction, Bitcoin ETFs are close to approval at major wirehouses and private banks, with potential approval in Q3 or Q4. They also affirm their BTC price target of $200,000 by the end of 2025. Although skepticism prevails about the trade of ETFs being driven by retail investors, Bernstein mentions that institutional investors …
The post Spot Ether ETFs Set to Launch, Expected to Increase Volatility appeared first on Coinpedia Fintech News
Spot ether exchange-traded funds are expected to start trading in the US this year, leading investors to brace for increased volatility in the price of ether compared to bitcoin. Ether Volatility on the Rise Since April, the 30-day implied volatility index for ether (ETH DVOL) has increased compared to bitcoin (BTC DVOL). This spread, now …
Quick Take NVIDIA has become the most valuable company globally, boasting a market cap of $3.335 trillion. This milestone surpasses Microsoft’s $3.317 trillion and Apple’s $3.285 trillion, marking a significant shift in the tech landscape. NVIDIA’s stock has surged 182% year-to-date and an astonishing 342,000% since its inception, driven by consistently impressive quarterly earnings and […]
The post NVIDIA is just the 12th company ever to lead the S&P 500 appeared first on CryptoSlate.
Popular cryptocurrency analyst and trader, Crypto Daily Trade Signals, has issued a warning to the Dogecoin community about a potential downside risk for the popular meme-inspired crypto asset as it confronts a bearish technical pattern amid a wider negative sentiment in the digital asset market lately. Dogecoin Forms Bearish Descending Triangle Pattern Crypto Daily Trade […]
The publicly-traded bitcoin miner Marathon began incubating Anduro in February as a "platform built on the Bitcoin network that allows for the creation of multiple sidechains."
Base meme coins surge as SEC ends Ethereum probe, as small volumes prompt volatility behind the price jumps.
The post Base meme coins surge up to 116% as SEC drops Ethereum investigation appeared first on Crypto Briefing.
The post Germany Government Dumping Its Bitcoin Holding Worth Over $3 Billion! appeared first on Coinpedia Fintech News
A wallet marked “German Government” has reportedly moved 6,500 BTCs worth $423 Million as per leading data platform Arkham. Further, there are also reports that the BTCs after being moved from other wallets were sent to Kraken and Bitstamp exchanges. Notably, the German Government confiscated the asset from the pirated film website, “Movie2K” during the …
The post Market Sentiments Remain Strong But Bitcoin (BTC) Price Rally is Poised for a 5% Drop in the Next 48 Hours! appeared first on Coinpedia Fintech News
The Bitcoin price has been undergoing massive price variations since the beginning of the month. After experiencing a 6% rise in the first few days, the star token faced a massive 10% pullback The recent rejection from the interim highs at $71,500 has kept the token under bearish influence and despite a slight rise in …
The post Massive 100 Million DOGE Transfer to Robinhood Sparks Speculation Amid Price Recovery appeared first on Coinpedia Fintech News
A huge 100 million Dogecoin, valuing $12 million, was transferred to Robinhood by the address “DF8jR”, which also has a record of more than 1,300 DOGE transactions. This is a major undertaking, which was tracked by Whale Alert, and falls parallel to Dogecoin’s price rebound to $0.125, following its recent decline. Naturally, questions have been …
The post Ethereum vs. Bitcoin: Who Will Win the Dominance Race? appeared first on Coinpedia Fintech News
The Ethereum (ETH) network is attracting bullish sentiment, driven by clearer regulatory guidelines in the United States. Institutional investors are increasingly accumulating Ethereum, anticipating a significant price rally. Bitwise Asset Management recently disclosed in a revised S-1 registration that it has seeded its spot Ether ETF with $2.5 million. This move highlights the growing confidence …
The post IMF Highlights Potential of CBDCs for Financial Inclusion in Middle East appeared first on Coinpedia Fintech News
An IMF survey has recently revealed that 19 central banks in the Middle East and Central Asia have decided to consider central bank digital currencies (CBDCs) for uplifting financial inclusion and payment efficiency. Although CBCDs could significantly lower the costs of financial service and increase accessibility, the IMF opines that they are not really essential …
The post World’s First Hedera (HBAR) ETP Launched by Hashgraph Association and Valour! appeared first on Coinpedia Fintech News
The Hashgraph Association and Valour Inc. have introduced the world’s first Hedera (HBAR) Exchange Traded Product (ETP). Released on June 18 at the Frankfurt Stock Exchange, this ETP offers investors direct exposure to the HBAR cryptocurrency. Elaine Buehler of Valour mentioned that this product aims to simplify investing in enterprise blockchain technology. Additionally, Stefan Deiss …
The post Montenegrin PM’s Hidden Investment in Terraform Labs Revealed appeared first on Coinpedia Fintech News
An April court document recently revealed that Montenegrin Prime Minister Milojko Spajic invested $75,000 in Terraform Labs by purchasing 750,000 Terra (LUNA) tokens before its official registration in Singapore. This revelation is controversial as it contradicts Spajic’s previous claims of not personally investing in the failed crypto project. The documents clearly indicate Spajic as one …
The cryptocurrency market is currently experiencing significant turbulence, prompting a shift in investor behavior towards Bitcoin, which has traditionally been seen as the safest asset within the digital currency ecosystem. Related Reading: Altcoin Massacre? Prices Plummet 40-90%, Recovery Stalled — Analyst This shift has resulted in Bitcoin’s dominance climbing to a nine-week high of 57%. Amidst the market chaos, Bitcoin has emerged as a beacon of relative stability, while altcoins are bearing the brunt of the sell-off. Flight To Safety: Bitcoin’s Rising Dominance In times of market uncertainty, investors often gravitate towards what they perceive as safer assets. This behavior is evident in the recent crypto market dynamics, where Bitcoin has become the preferred choice for investors looking to weather the storm. The broader market sell-off, which saw a staggering $110 billion in market value vanish in just one week, has particularly impacted altcoins. Projects such as Akash Network, Floki, and Chiliz have experienced significant declines, each plummeting over 30%. The Appeal Of Bitcoin Bitcoin’s appeal lies in its established track record and perceived stability compared to newer, more volatile altcoins. This perception has driven many investors to seek refuge in Bitcoin, while altcoins are left exposed to harsh market conditions. This shift in preference underscores a broader belief that Bitcoin offers a safer haven during periods of market distress. Long-Term Perspective On Bitcoin’s Dominance Despite Bitcoin’s current dominance, some analysts advise caution. Jelle, a seasoned crypto trader, suggests that Bitcoin’s dominance might not be sustainable in the long run. #Bitcoin dominance continues to lose steam as price consolidates right below all-time highs. Almost as if #Altcoins will outperform as soon as BTC breaks out. Almost. pic.twitter.com/tjVOaUHskm — Jelle (@CryptoJelleNL) June 17, 2024 He argues that altcoins, with their innovative features and potential for significant growth, could reclaim their lost ground once Bitcoin surpasses its previous all-time high of $74,000. This perspective highlights the cyclical nature of the crypto market, where different assets can outperform at different times. Market Sentiment And Future Prospects The broader market’s current downturn has led to a bearish sentiment, with Bitcoin struggling to maintain its footing within a crucial support zone around $64,500. The prevailing sentiment is one of caution, as the market grapples with uncertainty. However, there are glimmers of hope on the horizon. Interestingly, while the crypto market has been experiencing a decline, tech stocks have been performing well, marking their seventh consecutive day of gains. This divergence suggests that the current downturn might be specific to the crypto market rather than indicative of a broader economic malaise. Volatility And Potential Reversals The notorious volatility of the crypto market means that swift reversals are always a possibility. Historically, digital assets have been prone to dramatic swings, and what goes down can just as quickly go back up. Related Reading: Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess This inherent volatility is both a risk and an opportunity for investors. The recent uptick in the Fear & Greed Index to 64 indicates that despite the sell-off, some investors remain optimistic, exhibiting a degree of irrational exuberance. Featured image from Photlurg, chart from TradingView
Despite Bitcoin’s block size hitting a yearly low, the Runes minting market continues to show strong activity and profitability.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The German government labeled wallet heled 50,000 BTC since February earlier this year and moved out 6,500 BTC on June 19.
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller.
In a shocking revelation that has stirred the crypto market, the Solana-based memecoin named DJT, initially marketed as a project backed by Donald Trump’s youngest son Barron, has been exposed as a fraudulent scheme. The orchestrator behind this scam is none other than Martin Shkreli, a controversial figure previously known for his provocative maneuvers in […]
Binance launches HODLer Airdrops for BNB holders, rewarding users subscribing to Simple Earn with tokens from upcoming projects.
The post Binance launches HODLer Airdrops for BNB holders appeared first on Crypto Briefing.
The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, data shows.
Over the past 30 days, CryptoSlate data shows that Notcoin (NOT), THORChain (RUNE), Ethereum Name Service (ENS), JasmyCoin (JASMY), and Monero (XMR) have massively outperformed the market. NOT has soared over 170%, while Monero has rebounded 20% over the same period. Notably, all projects are still down over 45% from their respective all-time highs, with […]
The post Top performing coins over 30 days – Notcoin, THORChain, Jasmy, ENS, Monero appeared first on CryptoSlate.
The excitement surrounding the impending debut of spot ether ETFs in the U.S. has investors anticipating higher ether price swings relative to bitcoin.