There is an assumption that the latest Bitcoin Halving has not influenced the price of Bitcoin in comparison with the previous Halving. Is there any rationale behind such an assumption? To verify that, let’s go through a comparative analysis published by Halving Tracker in X. Post-Halving Bitcoin Price Momentum: A Comparative Analysis Bitcoin halving, which …
Bitcoin began this week with plenty of ups and downs, currently hovering around $59,000 with a slight 1% increase. Historically, September has been a challenging month for Bitcoin, often showing mostly negative returns. Prominent crypto analyst Titan of Crypto suggests that Bitcoin could either be on the verge of a major rally or facing a …
Raoul Pal, the CEO and co-founder of Real Vision, in his recent YouTube video, interviewed Ran Neuner, a renowned crypto personality, uncovering his life story around his bankruptcy, and discussing how the LUNA crash played a major role in his downfall and comeback. The Onchain Capital CEO has been a part of the crypto industry …
Telegram’s CEO, Pavel Durov, is facing legal troubles in France. French authorities have granted Durov bail under strict conditions, including a payment of €5 million, reporting to police twice a week, and remaining within French borders. The Paris prosecutor has stated that there are sufficient grounds to formally investigate Durov on various charges, including complicity …
The Supreme Court in Brazil has upheld a ban on Elon Musk’s social media platform X, formerly known as Twitter, in a shockwave being sent throughout the tech world. Related Reading: Blockchain Titans Unite: $100K Fundraiser For Kamala Harris In The Works Five justices have rendered their judgment unanimously in relation to Musk refusing to […]
When it comes to meme coins, PEPE has undoubtedly been one of the best performers in the last year. The meme coin reached an all-time high after an all-time high in 2024, eventually crossing the $5 billion market cap. The rapid rise in price was followed by a surge in the open interest of the meme coin at the time. However, with time, the open interest has seen a notable decline, both in price and in open interest, but this could be good news for the PEPE meme coin. PEPE Open Interest Down 72% In the middle of 2024, the PEPE price rose quickly as the crypto market rebounded. This rise to new all-time high levels also meant that interest in the meme coin was rising rapidly and the result was the PEPE open interest actually touching a new all-time high of its own. Related Reading: Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says According to data from the Coinglass website, in May 2024, the PEPE price rose to its current peak of $0.000017, while the open interest reached a new high of $794.77 million. However, bulls lost momentum at this level as the shooters took over the crypto market. Over the next few months, the PEPE price declined, as did the open interest. By August, the PEPE open interest dropped to levels not seen since April 2024, meaning new 4-month lows. The open interest went from almost $800 million to as low as $215 million. Since then, there has been some recovery in the open interest, but it has remained shaky. The drop to August lows meant that the open interest had fallen as much as 72% from its peak. However, around this time, the PEPE price has fallen only around 55% from its peak, going from $0.000017 to as low as $0.000007. Is This Good News? The drop in open interest in the PEPE meme coin does signal a decline in bullish sentiment among investors. It means that investors are more willing to bet on the price of the meme coin going down rather than going up, which could mean mounting selling pressure on the coin. Related Reading: Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements However, times like these can often turn out to be bullish for a cryptocurrency’s price. This is because when investors are the most bearish, the odds of a reversal are higher, taking the shorter by surprise. Given how much the open interest has fallen, it would come as no surprise if there was a short squeeze, flushing bears out of the market. If this happens, then the PEPE price could see a quick recovery from here. Naturally, as the open interest begins to rise, so would the price, given their positive correlation so far. Featured image created with Dall.E, chart from Tradingview.com
Nexo's FCA compliance and UK client onboarding resumption highlight the increasing regulatory scrutiny and adaptation in the crypto industry.
The post Nexo resumes onboarding of UK clients with full FCA compliance appeared first on Crypto Briefing.
Elon Musk’s xAI launched Colossus, now the most powerful AI training system, setting a new benchmark in the AI race with a 100k H100 training cluster that will soon double in size.
Bitcoin’s early comeback may last just one week as the ninth month of the year also portends problems for gold.
The divergent monetary policy paths of the BOJ and the Fed mean potential for yen strength and pain for risk assets, including cryptocurrencies.
As the third quarter comes to an end, Solana (SOL) is under intense scrutiny. The recent market downturn has hit major cryptocurrencies like Bitcoin and Ethereum, and Solana hasn’t been spared, with its price dropping to $130. This decline is further intensified by the actions of a major whale or institution that has been consistently …
Gambaryan’s next hearing is set for Sept. 4, where the judge will consider the executive’s latest motion for bail.
The Artificial Superintelligence Alliance (FET) has seen a remarkable performance in the last two weeks. Amid the latest market shakeouts, the AI crypto token saw a significant increase, surging over 60% a week ago. In the last 24 hours, the token has recorded a 4% price surge, retesting a crucial resistance level that could propel the price near its all-time high (ATH). Related Reading: Toncoin (TON) Price Action Signals 30% Crash After Losing A Key Level FET Sees 30% Monthly Surge FET showed a formidable price action throughout August despite the market retraces, seeing a 30% surge in the last 30 days. The ASI alliance token saw a 49% increase in the past two weeks and recovered above pre-Black Monday levels during this timeframe. Additionally, it saw a massive surge in trading volume, price, and whale activity a week ago when the FET’s on-chain developments fueled the bullish momentum by over 60%. The drive pushed the cryptocurrency’s price to a high of $1.46 on Tuesday, a level not seen since mid-July. Nonetheless, the market jitters halted FET’s rally, sending the price to a biweekly low of $1.06. The token retested the $1.20 resistance level over the weekend, unsuccessfully reclaiming it but holding above the $1.10 price range. This performance has been highlighted by several market watchers, who noted that the token has held effectively above the $1.17 support level. This level was retested and maintained since late February when the token’s leg up drove the price to its March ATH of $3.45 but was lost as July closed. Analysts Suggest Key Levels To Watch Some market watchers noted that FET recently broke out of crucial horizontal levels. The token has been in a multi-month falling wedge pattern and registered multiple touchpoints within the upper and lower trendlines. According to Crypto Yapper, some key horizontal levels have come into play in the past month. The token bounced from the “huge” $0.8 support area a few weeks ago. This level was deemed an “interesting accumulation zone” by the analyst. Since then, FET has seen a significant jump, breaking out of the falling wedge pattern. Following the breakout, it has attempted to turn the next horizontal resistance level into a support zone. Per the analyst, if the $1.17 level holds strong, the cryptocurrency could move to the next big resistance in the $1.7 area. “Then we can continue the bullish uptrend, and eventually, the top side of the formation will be confluent with the breakout target, which will be around $3.4,” he further explained. Conversely, other analysts have cautioned that the token remains in a bearish market structure. According to Altcoin Sherpa, FET is attempting to form a higher low, which will need to be followed by a higher high to continue the uptrend. Related Reading: Bitcoin At Risk Of Continued Selling Pressure Amid Market Volatility, Here’s Why To Sherpa, if the token achieves this, it will have “bottomed in the short term.” Additionally, he set the $1.5 price zone as a “super key level” for further bullish price action. FET hovered between the $1.1-$1.21 price range in the last 24 hours, holding above the key support level throughout Monday morning. As of this writing, the token is trading at $1.2, a 4% daily surge. Featured Image from Unsplash.com, Chart from TradingView.com
Highly publicized dog-themed meme coin based on the Telegram-backed Toncoin (TON) network, Dogs (DOGS), has played a crucial role in onboarding more users to the web3 space. In less than a week after its official trading launch on several centralized exchanges, the Dogs meme project has achieved major milestones including nearly 1 million on-chain holders. …
Ripple has announced major forthcoming developments in the programmability of the XRP Ledger, targeting early 2025 as a pivotal moment for the platform. According to a blog post by the Ripple Team on September 2, these enhancements will significantly elevate the utility of the ledger through the integration of smart contracts and expanded developer tools, […]
Innovative Zero-KYC mechanisms could enhance P2P crypto security, but widespread adoption hinges on overcoming technical and user acceptance challenges.
The post Reddit user proposes Zero-KYC mechanism to counter P2P crypto scams appeared first on Crypto Briefing.
SEC Commissioner Mark T. Uyeda recently emphasized the need for tailored S-1 registration forms specifically designed for digital asset securities. Speaking at Korea Blockchain Week 2024 in Seoul, Uyeda argued that the U.S. SEC should adopt a more flexible approach to regulating digital assets, similar to how it handles other specialized financial products. Read more …
Buterin said that the biggest criticism of X’s Community Notes is that they do not appear fast enough.
A Reddit user’s draft proposal aims to prevent MitM scams in P2P cryptocurrency markets by securing transactions without KYC.
The broader cryptocurrency market has endured significant corrections over the past six months, primarily driven by the two largest digital currencies: Bitcoin (BTC) and Ethereum (ETH). Dogecoin (DOGE), the leading meme coin, has not escaped this trend, experiencing a marked decline in value. Dogecoin Price Faces 55% Decline Since March High Since reaching a yearly high of $0.22 in March, DOGE has suffered a substantial drop of 55.9%, currently trading at approximately $0.0976. This decline is even more pronounced over longer time frames; according to CoinGecko data, Dogecoin is now 86% lower than its all-time high of $0.73 recorded in May 2021. Related Reading: Toncoin (TON) Price Action Signals 30% Crash After Losing A Key Level In the short term, Dogecoin has been underperforming compared to the overall crypto market, which has seen a 6.90% drop over the past week. During the same period, DOGE’s price fell by 8.8%, further illustrating its struggles. However, there are emerging bullish signs that could pave the way for a recovery. Crypto analyst Ali Martinez recently pointed out a bullish divergence forming on Dogecoin’s 4-hour Relative Strength Index (RSI). In addition, the analyst noted that the Tom Demark Sequential 9 (TD) indicator is flashing a buy signal, suggesting that a price rebound may be on the horizon. Can DOGE Break Through $0.10? As outlined by the analyst, these indicators suggest that the Dogecoin price could potentially surge above its current trading levels, with the $0.10 mark being a critical milestone not seen since August 24. Achieving this level would signify a successful recovery of the token’s 50-day exponential moving average (EMA), which coincides with the $0.10 price point. However, if bullish momentum fails to materialize, there is a risk of a failed attempt to reclaim this key resistance. Related Reading: Why Is Bitcoin Price Down Today? Key Reasons Explained Should DOGE successfully surpass the $0.10 threshold, bulls will then need to focus on the next significant hurdle at $0.107. This level is crucial for any further attempts to climb higher and tackle the next EMA. If Dogecoin can navigate this resistance, it may be poised to retest the 200-day moving average at $0.11. A successful breakthrough at this level could signal a continuation of the recovery, potentially pushing DOGE toward the next resistance level of $0.13 on its DOGE/USDT daily chart. Conversely, for the past almost four weeks, the Dogecoin price has found a significant support floor at $0.094, which prevented the token from crashing towards $0.080 again last week, as it did during the broader market crash on August 5. What is certain is that despite these signals, bullish momentum is much needed for the coin to push higher resistance and consolidate above its previous support levels to continue on its path to retest the yearly highs. Featured image from DALL-E, chart from TradingView.com
Story Highlights The live price of the Sandbox token is . SAND price could hit its potential high of $0.61 in 2024. Sandbox price with a potential surge could go as high as $3.58 by 2030. The crypto sphere turned over a leaf of its directory in the bygone year. The new leaf from the …
The WazirX hacker has carried out 26 transactions, each transferring 100 ETH to Tornado Cash, according to Arkham Intelligence.
With Binance attempting to ignite a recovery run in Toncoin, the TON price remains stuck at $5. Due to the lack of interest for users to buy TON to earn higher returns in the Simple Earn Locked products, the bulls are on hold. Will the failed attempt from Binance drop the Toncoin price under $5? …
With a 10% drop in the last week, Bitcoin stays under the $60,000 to test, putting additional pressure over the $57K mark. Starting a new month, the bullish resurgence in Bitcoin reclaims the $58K mark and aims to surpass the $60K mark. To find out if the sudden surge of recovery in Bitcoin will hit a …
In a normal market cycle, there is a specific pattern in which the Bitcoin dominance behave: the dominance of Bitcoin increases when markets remains the influence of sellers (when markets show bearish nature); the BTC dominance continues the same behaviour when sellers start to challenge buyers in markets (when markets display the early sign of …
On Monday, the Bitcoin price fell as low as $57,100, continuing its decline from a one-month high of $65,000 on August 25th. However, the US Federal Reserve’s (Fed) upcoming decision to cut interest rates could spell further trouble for the largest cryptocurrency on the market. September And Bitcoin Price Forecast According to a recent report […]
When compared with July, Tron Network has jumped 46.54% Month-on-Month (MoM), from $41.92 Million to $61.43 Million. Notably, BSC has recorded a decent jump of 6.63% from $10.56 Million to $11.26 Million. However, the Ethereum Network has recorded a significant drop of 33.44%, from $94.06 Million to $62.61 Million. Followed by this, Bitcoin has dropped …
Qatar's new crypto regulations could spur regional competition, influencing neighboring countries to adopt similar frameworks and attract investments.
The post Qatar Financial Centre unveils new ‘blueprint’ for crypto regulation appeared first on Crypto Briefing.
Telegram tap-to-earn games have “finally” brought the mass adoption to crypto the industry has waited for, says Blum founder and CEO Gleb Kostarev.
Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected that by 2050, the Bitcoin price could solidify its position as a key international medium of exchange, potentially becoming one of the world’s reserve currencies. This assertion is rooted in the anticipated decline in trust in current reserve assets, prompting a shift toward more stable alternatives like Bitcoin. One of the primary barriers to Bitcoin’s widespread adoption has been its scalability issues. However, VanEck anticipates that these challenges will be addressed through the development of Layer-2 (L2) solutions, which enhance Bitcoin’s functionality and efficiency. By combining Bitcoin’s immutable property rights with the advanced features of L2 solutions, VanEck envisions a global financial system better equipped to meet the needs of the developing world. Related Reading: Bitcoin Ends August Down 8%: What To Expect From Historically Bearish September With this in mind, the firm believes that by 2050, Bitcoin could be used to settle 10% of international trade and 5% of domestic transactions, leading to central banks potentially holding 2.5% of their assets in BTC. Based on projections of global economic growth, BTC demand and turnover, VanEck estimates a potential price of $2.9 million per Bitcoin, which translates to a total market capitalization of approximately $61 trillion. This forecast incorporates assumptions about the global trade landscape, with trade growth expected to lag behind overall Gross Domestic Product (GDP) growth—projected at 2% versus 3%. Moreover, VanEck anticipates a market share decline for traditional currencies, such as the US dollar and the Euro, due to deteriorating economic fundamentals, which would allow Bitcoin and other emerging currencies to gain traction. Store Of Value Potential From a medium-of-exchange perspective, VanEck suggests that Bitcoin could capture 10% of cross-border payments and 5% of domestic trade. The firm also highlights that as Bitcoin becomes increasingly recognized as a store of value, approximately 85% of the circulating supply may be effectively removed from the market, further driving its value. The analysis reflects a broader trend of the Bitcoin price correlation with traditional risk assets, suggesting that its movements will remain closely linked to macroeconomic conditions. Related Reading: SUI Crashes 23% As September Unleashes Market Panic—Is A Comeback Possible? As the global economy evolves, VanEck predicts that Bitcoin will become an essential component of the International Monetary System, gaining market share from existing reserve currencies. At the time of writing, the Bitcoin price stands at $59,140, up 3% in the last few hours after rebounding from a drop towards $57,000 on Monday. Featured image from DALL-E, chart from TradingView.com