Toncoin's price sharply declined following the news that Pavel Durov had been arrested, and future traders saw it as an opportunity with open interest surging 32%.
Solana (SOL) is one of the strongest assets in the crypto market, currently navigating a consolidation phase following three weeks of aggressive volatility marked by significant ups and even more significant downs. Related Reading: Can Solana Reach $1,000 In 2025? Top Analyst Predicts Despite the recent turbulence, Solana’s resilience has kept it on the radar […]
The arrest of Telegram's CEO highlights the vulnerability of cryptocurrencies to regulatory actions, impacting investor confidence and market stability.
The post Toncoin drops 18%, Notcoin tumbles following arrest of Telegram CEO Pavel Durov appeared first on Crypto Briefing.
The price of cryptocurrency Toncoin (TON) has experienced a steep decline following reports of the arrest of Telegram CEO Pavel Durov. Toncoin has been one of the best-performing digital assets in 2024, however, the altcoin has faced a rather turbulent period in the last two months. Related Reading: Toncoin Rally Thwarted As TON Slips To $6, Can Bulls Prevent A Bearish Breakdown? Toncoin Reacts To Telegram CEO’s Detention According to French source TF1 TV on Saturday, Telegram founder and CEO Pavel Durov was arrested at the Le Bourget airport in France after alighting from his private jet. Durov, a 39-year-old Russian-born Emirati, has been reportedly detained due to a “lack of control” on Telegram which French authorities believe has fostered the growth of criminal activities on the messaging app. So far, this arrest has drawn much criticism from the tech community including many crypto users who have described such action as the French government attempting to force censorship on a free social media platform. Notably, Toncoin, the native token of The Open Network (TON) and a cryptocurrency integrated with the Telegram app recorded a 15.67% decline in market price following news of Durov’s arrest. Toncoin, which was to be initially launched by Telegram before an intervention by US regulators, plays various critical roles in the messaging app in compensating developers, buying ads, and even acquiring a premium subscription. Therefore, the bearish sentiment generated by the Telegram CEO’s detention pulled TON’s market price to as low as $5.52, a price level last seen in early August. Nevertheless, the altcoin appears to have found some stability as it gently moves upwards into the $5.70 zone. As earlier stated, TON has been one of the most profitable assets in 2024, thus this price dip may not attract much concern from long-term investors. According to data from CoinMarketCap, TON gained by over 240% in the first six months of 2024 achieving an all-time high of $8.24, alongside a placement in the top 10 cryptocurrencies based on market cap. While the altcoin has not shown similar growth levels in Q3 2024, the consistent growth in on-chain metrics e.g. active network users spell a rise in interest which could significantly affect price growth. TON Network Calls For Calm Amidst Durov Arrest Commenting on Pavel Durov’s sudden arrest, the management of The Open Network has assured all users the blockchain remains functional while affirming support for the embattled Telegram CEO. With an online protest already happening on the X social media platform, the TON management has also called for a calm and united approach to engaging authorities and resolving the matter at hand. At the time of writing, TON trades at $5.72 with an astounding 504.56% increase in daily trading volume. TON ranks as the 9th largest cryptocurrency with a market cap of $1.57 billion. Related Reading: Crypto Analyst Says Telegram-Based Notcoin Is Ready To Fly, Here’s How High Featured image from The Tech Report, chart from Tradingview
You don’t have to have had your eyes glued to the markets recently to have noticed that Bitcoin ETFs have been dominating the headlines again this week, in every sphere but that of focus on retail investors. Related Reading: Gold Tops $2500, Steals The Spotlight From Bitcoin – Details In a recent conversation on X, […]
With a bullish rebound in the cryptocurrency market, top tokens have successfully breached their important resistance levels. Further, the market leader, Bitcoin price has held its value above the $64K level, indicating increased bullish influence in the space. On the other hand, mid-cap and low-cap altcoins have gained massive attention from investors. This has resulted …
Pavel Durov, the billionaire founder and CEO of Telegram, was arrested on Saturday at Le Bourget Airport near Paris, according to local media reports. Durov, who was arriving from Tehran on his private jet, was detained by local authorities. The investigation against him focuses on the lack of moderators on Telegram, with law enforcement concerned …
Is the cryptocurrency market stuck in ‘the calm before the storm’? What will happen when Bitcoin reclaims $70k levels? Right now, there’s a lot of bearish sentiment, but remember, we’re consolidating near all-time highs. We’re on the verge of a breakout, and time is ticking. Analysts across the industry are predicting that altcoins will begin …
Durov's arrest stems from a warrant issued by France's OFIM, an office that works to prevent violence against minors, as part of a complaint into Telegram's lack of moderation and cooperation with law enforcement.
In the past few weeks, following a series of corrections, Bitcoin and the broader crypto market have experienced a significant surge from the lower prices of 2024. Related Reading: Bitcoin (BTC) Ready To Break Past $65,000, On-Chain Data Shows The momentum picked up notably on Friday after Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, announced a shift in policy, hinting at a potential interest rate cut in September. This announcement has fueled optimism among investors, leading to increased market activity. Additionally, valuable data from Glassnode reveals that long-term holders (LTH) are locking in consistent gains of $138 million in profit per day. But what does this mean for the market moving forward? Bitcoin Daily Capital Inflows Crucial For Price Stability Bitcoin long-term holders (LTH) have been consistently locking in gains over the past few months, even amid the market’s uncertainty and volatility. According to the Bitcoin Long-Term Holder Net Realized Profit/Loss chart from Glassnode, LTH are currently selling Bitcoin at a rate of approximately $138 million per day. This selling pressure serves as a crucial benchmark for the market, indicating the amount of new capital that must flow into Bitcoin daily to counterbalance the selling and stabilize the price. If daily inflows into Bitcoin fall short of this $138 million benchmark, the price could potentially face downward pressure due to LTH’s ongoing sales. This dynamic underscores the delicate balance between buyer demand and LTH’s profit-taking activities. As the market continues to navigate this phase, Bitcoin’s price action will be particularly interesting to watch in the coming weeks. Whether new investor inflows can match or exceed this selling pressure will be key to determining BTC’s next major move. BTC Breaks Past $64,900: What’s Next? Bitcoin is currently trading at $64,360, as of this writing, after enduring weeks of aggressive selling pressure, fear, and uncertainty that caused its price to dip to $49,577 just 20 days ago. Related Reading: Will Bitcoin Perform Better In September Compared To August? Here’s What The Data Says Now, BTC is flirting with the $65,000 mark following two successful daily candles closing above the crucial 200-day moving average—a key indicator that investors use to identify a bullish or bearish market structure. This development suggests that Bitcoin is regaining strength, but it must hold above this indicator and ideally test it as support to sustain the uptrend. If BTC can maintain this level, breaking past $65,000 should be a straightforward task, with the next target likely around $67,000. However, if the price fails to hold above the 200-day moving average near $63,000, Bitcoin may be at risk of retesting local demand levels around $60,000. Featured image created with Dall-E, chart from Tradingview.com
Bitcoin traders are eyeing $68,000 if it can stay above $64,000, a level it has struggled to hold above after 20 days below.
It’s been a day over a month since Spot Ethereum Exchange Traded Funds (ETFs) launched, marking a significant milestone for the investment asset. Over this short period, Spot Ethereum ETFs have experienced varying levels of demand, with significant inflows during peak times and reduced market interest at other moments. Related Reading: Gold Tops $2500, Steals […]
Shiba Inu (SHIB) has experienced a period of relative calm in recent days, characterized by low price volatility leading up to a 6% increase in the last 24 hours. The phase has been mostly characterized by low price volatility despite huge movements on-chain. Related Reading: Gold Tops $2500, Steals The Spotlight From Bitcoin – Details […]
Solana has recently demonstrated impressive upward momentum, with its price rising steadily and now setting its sights on the $164 mark. As the cryptocurrency approaches this key resistance level, the focus now shifts to whether this bullish trend will lead to a significant breakthrough or face resistance. This article aims to provide a comprehensive technical […]
Binance and former CEO CZ face lawsuit by investors over unrecoverable assets; RFK Jr. suspends, but doesn’t end, campaign: Hodler’s Digest.
As the market gains more bullish momentum, Optimism (OP) investors become more enthusiastic after this week’s price actions. According to CoinGecko, the token is up more than 24% since last week which is currently supported by the strong bullish sentiment present within the market. Related Reading: Bitcoin Floor: CEO Predicts $38,000 Will Be The Lowest BTC Goes However, Optimism might have more surprises as the platform announces a major partnership that may turn the tide for Optimism with Sony entering the Web 3 and crypto space with Soneium, a venture with Startale Labs. Sony Enters Web 3 With Soneium In a press release yesterday, Sony announced the creation of Soneium, their first venture into the Web 3 and crypto space. According to their press release, the Soneium blockchain will be used to “explore and develop a plan to make the network public and aim to create new services by leveraging the various businesses and IP within the Sony Group.” This becomes a great deal for the crypto community. The blockchain’s focus on Web 3 games and NFTs might revive the retail interest in both industries, possibly placing the highlight on NFTs in the long-term. The chain was built using the Optimism stack, making it part of the platform’s superchain. Soneium is also EVM-compatible, making the platform easy to use for developers. As the new blockchain matures, Optimism can expect new bullish momentum on its platform and OP. $1.5-$1.6 Trading Range Remains Unbreakable For Optimism Despite the bullishness OP has found on this level, the token continues to be rejected on the $1.6 ceiling. This places new pressure on the bulls to perform, even tho they’re supported by favorable market conditions and institutional support from centralized organizations like Sony. It will take some time for Optimism to resume its upward trajectory. Being in a narrow trading range, the bulls have little wiggle room to grab gains, moving the bullish breakthrough in the next few weeks or months. However, the positive developments might shorten this timeframe by a couple of days as long-term speculators enter the market. With Soneium entering a maturation phase, Optimism will be affected by the development of the former. But OP’s high market correlation with BTC might be a double edged sword for the token. Related Reading: Floki Has ‘More Room To Climb,’ Targets 96% Rally – Analyst As time progresses, BTC might face some resistance on its upward trajectory, possibly returning to sustainable levels in the short term. With this in mind, investors and traders should be well aware of the market’s current volatility. However, with the long term viability of the new Soneium, there’s a lot to be optimistic for OP. Featured image from Pexels, chart from TradingView
Cardano founder Charles Hoskinson has now joined the bandwagon advocating an alliance between Robert F. Kennedy Jr. and Donald Trump for the US presidential contest in 2024. Related Reading: Gold Tops $2500, Steals The Spotlight From Bitcoin – Details Declaring that deep, somewhat awkward truths were expressed about where American democracy finds itself now and […]
Reports are trickling in via social media and mainstream news outlets, but so far, there hasn’t been any official confirmation.
It's time for a review exploring whether the rules that federal agencies impose on crypto-related speech pass constitutional muster.
According to on-chain data, a dormant Bitcoin (BTC) wallet created over a decade ago has suddenly reawakened, transferring over $1 million worth of BTC to an unknown address. This unexpected yet substantial transaction comes as Bitcoin’s price surges past $64,000. Related Reading: Floki Has ‘More Room To Climb,’ Targets 96% Rally – Analyst Decade Old Bitcoin Wallet Springs Back To Life An old Bitcoin wallet established 10.7 years ago has executed a large-scale BTC transaction on August 19. Blockchain tracker and analytics system, Whale Alert, disclosed on X (formerly Twitter) that the address had contained 19 BTC, worth about $13,259 in 2013. The Bitcoin wallet which has been inactive for years, most likely due to strategic HODLing, now boasts impressive gains of about 8,844%, fueled by the cryptocurrency’s consistent yet dramatic price increase since 2013. Additionally, the sudden wallet activation comes as Bitcoin’s price surges past the $64,000 price mark after experiencing a significantly bearish phase. With Bitcoin’s current price, the 19 BTC moved by this decade-old wallet address is now worth over $1,185,944, marking a significant profit with a gain of $1,172,685. The transaction records also show that the anonymous sender transferred the Bitcoin to an unknown address, incurring a fee of 0.000047 BTC. Typically, when a Satoshi era Bitcoin wallet suddenly springs back to life, it often indicates a potential for increased market activity. Dormant wallets that move substantial amounts of Bitcoin tend to impact market liquidity and price movements. Meanwhile, smaller Bitcoin transactions could capture the interest of the crypto community, prompting speculations. Bitcoin Turns Bullish With $64,000 Price Surge Over the past few months, the price of Bitcoin has struggled to rebound to its March all time high of more than $73,000. The cryptocurrency witnessed sudden price crashes and constant fluctuations due to large scale market liquidations and shifts in investor sentiment. After a long period of consolidation, Bitcoin is finally showing signs of a bullish rebound. CoinMarketCap’s data shows that the cryptocurrency surged by 5.33% in the last 24 hours, and is now trading at $64,311. Over the past week, Bitcoin also recorded an 8.6% increase, underscoring the cryptocurrency’s renewed strength and potential for a major price recovery. Many analysts are viewing the cryptocurrency’s steady price increase as a bullish signal, potentially indicating a substantial price reversal from bearish trends. Popular crypto analyst, Ali Martinez noted in an X post that the Bitcoin bull-bear market indicator has oscillated between bearish and bullish since early August. However, with the cryptocurrency experiencing new price gains, the indicator has now switched back to a bullish stance. Related Reading: Stacks: New Developments Push STX Price 18% Higher – Details Additionally, a crypto market expert identified as ‘Milkybullcrypto,’ highlighted that Bitcoin is finally breaking out of the bullish reversal price pattern. He emphasized that the cryptocurrency’s monthly bull flag now has a price target of $100,719. Featured image from CNBC, chart from TradingView
Scientists built a DNA computer capable of playing chess.
As the United States election comes near, Bitcoin price prediction by experts gaining significant attention from the crypto community. On August 25, 2024, a crypto expert made a post on X (preciously Twitter) stating that if former President Donald Trump wins this election, Bitcoin will easily go to the $100,000 level. Bitcoin Price Could Reach …
The price of Bitcoin experienced an early weekend surge following Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium. According to the latest on-chain observation, the announcement of potential interest rate cuts has led to an increase in Bitcoin demand in the past day. BTC Demand Sees Growth In The US — Impact […]
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.
Over the last month, the price of Bitcoin has been subject to much turbulence, culminating in a total loss of 3.09% according to data from CoinMarketCap. Notably, despite intermittent waves of a price rally, The crypto market leader failed to reclaim the $65,000 price zone in all of August. However, amidst this bearish market, institutional […]
The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.
The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.
Shiba Inu (SHIB) has recently surged past a key bullish trendline, sparking fresh optimism among traders and investors. This breakout marks a significant shift in momentum that could pave the way for a potential rally toward the $0.00002045 level. As the market eyes this potential rally, all attention turns to whether SHIB can sustain its upward trajectory and reach this ambitious target, or will the bears step in to stall the run? This article provides an in-depth technical analysis of Shiba Inu’s recent breakout above the trendline, evaluating whether this could trigger a rally toward the $0.00002045 target. Additionally, it will explore potential price reactions once SHIB approaches this critical level. In the last 24 hours, Shiba Inu has gained over a 6% increase, reaching approximately $0.00001519. The crypto asset’s market capitalization has surpassed $8.9 billion, with trading volume exceeding $311 million. Over this period, the market cap has increased by 6.59%, while trading volume has surged by 85.23%. Trendline Breakout: A Bullish Signal For Shiba Inu? Following the breakout above the trendline, SHIB’s price has maintained its bullish momentum, consistently trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart. This sustained positive sentiment reflects strong upward momentum, signaling that the bulls are firmly in control and could push the price toward the next significant resistance level at $0.00002045. Also, the Relative Strength Index (RSI) indicator is currently at 73% showing that Shiba Inu is in an overbought territory. A sustained overbought condition signals strong buying pressure suggesting that bullish momentum remains robust in the market. On the daily chart, although SHIB is experiencing a short-term pullback, it is attempting to move toward the 100-day SMA following a successful breakout above the bearish trendline. The appearance of a bullish momentum candlestick on the previous day indicates a strong bullish sentiment, which could drive the cryptocurrency towards further gains. Finally, the 1-day RSI indicates that SHIB’s bullish momentum is strengthening, with the signal line moving toward the overbought region after recently crossing above 50%. The upward movement in the RSI suggests intensifying buying pressure and growing bullish sentiment for the asset. Potential Market Reactions: What Happens If SHIB Hits $0.00002045? Potential price reactions when Shiba Inu reaches $0.00002045 include a breakout above this level or a potential rebound. If Shiba Inu breaks above the $0.00002045 level, it could signal the beginning of a sustained bullish rally toward the $0.00002631 resistance level. A successful break above this level could propel the asset toward the next resistance at $0.00002960, with the potential for even higher gains. However, if the cryptocurrency encounters a rebound at the $0.00002045 resistance level, the price may retrace to its previous low of $0.00001272. When SHIB breaks below this support, it could indicate an additional downside momentum, potentially driving the asset toward the $0.00000847 mark and possibly lower levels. Featured image from Unsplash, chart from Tradingview.com
After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a significant bullish price action over the past week. Following this, the top tokens have successfully surpassed their important levels. On the other hand, altcoins have experienced a massive uptrend with many tokens recording a three-digit surge during this time. …