The crypto markets have turned bullish due to the speculations of them being at the foothills of the next bull run. Bitcoin has surpassed $64,000, raising bullish momentum within the market; hence, the price of memecoins like dogwifhat (WIF) has just begun to swell. Therefore, the price is poised to mark the interim targets beyond …
The global crypto market is experiencing a notable rise, with a surge in total market cap rising by about 4.8% over the last 24 hours to reach $2.26 trillion. Bitcoin, the leading cryptocurrency, has also seen a notable increase, with its price climbing to $64,961. This recent surge follows statements from FED chair Jerome Powell, …
Which is the best investment option Bitcoin or Gold? Every investor, especially the one who is living with a special love for cryptos, may have come across this question at least once in his/her investment career. Though not many crypto enthusiasts have a confusion regarding the same, the general public normally prefers Gold over Bitcoin, …
Ripple’s Chief Legal Officer, Stuart Alderoty, has voiced strong support for Kraken in its legal battle against the U.S. SEC. With a bold defense, Alderoty has spotlighted a key takeaway from the court’s recent decision: the notion of a “crypto asset security” is not recognized. This, according to Alderoty, is a significant blow to the …
With an optimistic surge in Bitcoin prices, bulls anticipate a breakout run above the $65000 mark. Amidst the growing confidence in the market, the DeFi tokens prepare for a bull run as the altcoin season inches closer. As the demand grows in the crypto market with increased chances of rate cuts, the crypto prices are …
Last week has been rather chaotic regarding crypto, with different incidents that directly impacted individual investors, large companies and various exchanges. From the recent phishing attack of 55 million dollars to the recent high-profile social media hijacker incident to the present attempt to recover lost funds, the frailties in the crypto realm are evident. Here …
The influential tech giants, Meta and Spotify have voiced their concerns over what they see as overly restrictive AI regulations in the European Union. On friday, Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek issued joint statements, criticizing the EU’s approach to AI regulation, specifically regarding open-source AI development. The central point in their …
Crypto analyst Javon Marks has just highlighted FLOKI as a digital asset that could register an impressive growth. In a post on X, Marks noted that if FLOKI confirms a so-called Hidden Bull Divergence, gains of over 96% can be expected. Related Reading: Bitcoin Floor: CEO Predicts $38,000 Will Be The Lowest BTC Goes This technical pattern implies an upsurge once the FLOKI breaks above $0.000276 resistance. If level breaks up, Marks thinks FLOKI may rise to $0.000546, and with “more room to climb.” That is an overall optimistic view, which aligns with a more comprehensive view given by crypto price prediction platform CoinCodex, projecting its value to increase by 227% by September 22, 2024. Recent Performance And Market Dynamics Despite the recent slump, FLOKI is doing a good job of catching investors’ attention. The token rose 15% in just a week, which could be quite a rally. On the back of this uptick are positive technical indicators, new strategic partnerships, and an anticipated airdrop announcement. Coming off of a recently confirmed Hidden Bull Divergence, sights for $FLOKI (Floki Inu), in response to this divergence is still on an over 96% climb back above the $0.0002761498 target which may only open up even more room for climbing! With a break above this target,… https://t.co/w3iDJDPeZU pic.twitter.com/SSr3iaLB5F — JAVON⚡️MARKS (@JavonTM1) August 22, 2024 These are very positive factors, all brewing a lot of interest around this token, making it one of the more talked-about meme coins of late. FLOKI also experienced turbulence. The crypto market collapse in early August drove the token down 65% from $0.00034 on June 5 to $0.000096. However, its 15% comeback from that level has spurred anticipation of a revival. Airdrop Backed By Binance Boosts Confidence One major development is that Binance will support FLOKI’s upcoming airdrop of the Simon’s Cat token, CAT. Starting August 29, 2024, Binance will snapshot balances for this airdrop eligibility, where approximately 315 billion CAT tokens are given to every wallet with at least 400,000 FLOKI tokens. This airdrop is seen to be strategic in keeping up rewards for the FLOKI community, which faced a bot-ruined presale attempt. This upcoming announcement has fairly been received well. It not only instills confidence in FLOKI but also helps in the process of building trust in the community. The call to avoid the presale and instead go for the free airdrop at least to some level signals adherence to fair play and transparency, which might improve the long-term prospects of FLOKI. Floki: Price Forecast And Investment Outlook Looking further ahead, the price forecast of FLOKI seems quite promising. As per CoinCodex, the price may rise by approximately 227% by September 22, 2024, implying that it can go as high as $0.000489. The current feeling from technical indicators is Neutral, with neither buyers nor sellers in the upper hand driven by this bullish outlook. The fear and greed index reading of 34, which falls under the fear category, suggested that market sentiment remains at bay, probably due to the prevailing volatility. Related Reading: Stacks: New Developments Push STX Price 18% Higher – Details Over the past month, on average, FLOKI has been green 30%, which does not bode well for buyer interest. There have been truly a lot of price swings, given the token’s 17% volatility rate. For investors, this is quite a potential buying opportunity; however, it is not risk-free. It is very important to keep an eye on market conditions and overall sentiment before investment decisions can be made. Featured image from Medium, chart from TradingView
Bitcoin’s price might take off when you least expect it. In a recent analysis by Altcoin Daily, Matthew Siegel from VanEck suggests that the current market conditions are ripe for a Bitcoin recovery. Despite its recent dip, VanEck is still a buyer, and Siegel believes that Bitcoin has the potential to make new all-time highs …
Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.
Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.
Chinese authorities revealed they extradited the suspect of a “mega economic crime” with the help of Thai law enforcement. The man is alleged to be the mastermind behind a $14 billion pyramid scheme involving cryptocurrencies, which makes his extradition the first related to economic crimes between the two countries. Related Reading: Chaos In Court: Ex-FTX […]
As the value and popularity of digital assets continue to rise, cybercriminals are incentivized to exploit any vulnerabilities they can find.
As the value and popularity of digital assets continue to rise, cybercriminals are incentivized to exploit any vulnerabilities they can find.
Sun Token (SUN), the cryptocurrency from the TRON network, has experienced an impressive surge of over 470% in just one week. The coin, which was trading at $0.009, has jumped to $0.03735, drawing considerable attention in the crypto community. This dramatic price increase is largely attributed to a recent tweet from TRON founder Justin Sun, …
The Bitcoin price performance has been uninspiring in the past week, mirroring the broader cryptocurrency market climate. However, the premier cryptocurrency seems to be ending the week on a high note following an unexpected Friday rally. The price of BTC appears to have received a breath of fresh air following Federal Reserve Chairman Jerome Powell’s Jackson Hole speech, finding its way above the $64,000 mark — again — with an almost 7% surge. The question now is — how far can the Bitcoin price climb? Here’s Why $66,250 Is A Crucial Level For BTC Prominent crypto analyst Ali Martinez took to the X platform to share an interesting prognosis for the Bitcoin price over the next few days. The relevant indicator here is the Glassnode “UTXO Realized Price Distribution” (URPD) metric, which monitors the amount of a particular cryptocurrency that was purchased at a given price level. Related Reading: Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals Typically, the likelihood for a price level to act as an on-chain support or resistance zone depends on the number of coins that have their cost basis at the specific level. For context, the cost basis of an investor refers to the original price (including the transaction fees) at which they acquired a coin or token. Price levels beneath the current spot value with substantial buying activity will likely act as support zones. On the other hand, levels above the current price could prove to be significant resistance areas. The chart below depicts the distribution of Bitcoin at different price levels surrounding the recent spot price of the coin. Based on data from the highlighted chart, $64,045 and $66,250 seem to be the next crucial resistance levels to watch. While it appears that the Bitcoin price has flipped the $64,045 resistance wall, the $66,250 zone remains to be breached. According to data from Glassnode, nearly 382,000 coins were moved within the $66,250 price area. The last time BTC climbed above the $66,250 level, it traveled as high as the $70,000 mark before it encountered some resistance. It would be interesting to see how far the price of the premier cryptocurrency would go this time, especially considering that there is no major resistance wall above the $66,250 area based on the URPD indicator. Bitcoin Price At A Glance As of this writing, the price of Bitcoin is around the $64,000 mark, reflecting an almost 7% increase in the past 24 hours. This single-day performance has also shown on the weekly timeframe, with the flagship cryptocurrency climbing by nearly 10% in the past week. Related Reading: Crypto Analyst Predicts 42,263% Breakout For XRP Price To $280, Here’s The Roadmap Featured image from iStock, chart from TradingView
The XRP price has struggled to maintain a healthy rise in the past few years, regardless of market price fluctuations. The Bitcoin price has recently become more volatile, causing a notable rise in its dominance. As a result, many altcoins have become more promising, carrying a huge possibility of reaching their respective resistances. However, after …
The altcoins are skyrocketing with a 6% surge in Bitcoin prices, leading to $132 million in short-side liquidations. As the buying pressure grows, the top cryptos could project massive breakout jumps in the coming week. With the underlying potential reflecting a 2x surge in the coming week, here are the top ones to buy next …
Bitcoin is beginning to show signs of a potential upward trend as several on-chain metrics are turning positive. These metrics, which often serve as indicators of future price movements, paint a picture of growing optimism in the market. One of the key indicators supporting this positive outlook is the exchange inflow/outflow data, which reveals a […]
Cardano founder Charles Hoskinson has taken to X to announce that the blockchain’s much-awaited Chang hard fork is getting postponed. He stated that Binance and some other centralized exchanges are the reason behind the delay as “they need more time to get their houses in order and so the rocket is going to wait on …
A crypto analyst says Ether could make a “major push” to $3,500 if it holds a $2,800 weekly close, and futures traders are betting on an upward move.
A crypto analyst says Ether could make a “major push” to $3,500 if it holds a $2,800 weekly close, and futures traders are betting on an upward move.
For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors.
For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors.
Bitcoin is the topmost cryptocurrency in terms of market cap. It has a market cap of over $1,268,023,547,204. Ethereum, though is the second highest in the list of the top cryptos, with a market cap of $332,144,936,958, is far behind Bitcoin in terms of market cap. As of today, Bitcoin has a massive market dominance …
As the Bitcoin price hits the $64,000 mark, the meme coins are back in action. With a surge in trading volume, the meme coins market cap stands at $42.38B, with the potential to reach the $50B mark next week. Massive growth potential in the meme segment projects a high possibility of a 2x rally in …
The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper set to be released between September and October 2024, will gather feedback on how best to regulate crypto assets. This move reflects the government’s commitment to …
On 23rd August, Blackrock’s “IBIT” recorded the highest inflow of $86.8 million, followed by Fidelity’s “FBTC” with $64 million. Notably, Grayscale’s “BTC” adds $50.8 million, Bitwise’s “BITB” adds $42.3 million, Ark’s “ARKB” adds $23.8 million, VanEck’s “HODL” adds $14.4 million, whereas Invesco and Valkyrie add $3.2 million and $2.3 million respectively. On the contrary, Grayscale’s …
Ethereum, the second-largest cryptocurrency by market cap, has been lagging behind other major cryptocurrencies, sitting well below its 20-week Simple Moving Average (SMA). With Bitcoin (BTC) and other altcoins already hitting their bull market support bands, crypto analyst Benjamin Cowen suggests that ETH might soon close the gap. With the Federal Reserve’s expected rate cuts …
Over the past day, the cryptocurrency market has added over $100 million in valuation. This has resulted in top tokens recording a massive uptrend in their respective portfolios. Moreover, with a jump of 5.47%, Bitcoin has successfully reclaimed the $64K level with a 24-hour high of $$64,957.53. Following the footsteps, the Ethereum price has recorded …