BTC miners are struggling to adapt to a post-halving environment.
On August 24, 2024, Dogecoin (DOGE), the world’s biggest meme coin gained massive attention from investors and traders following its consolidation breakout. In the last 18 days, DOGE had been moving in a tight range between $0.094 and $0.108 level. Bullish Breakout in Dogecoin However, due to the potential interest rate cut announcement by Jerome …
Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkey’s CEO forecasted a resurgence in the DeFi market driven by lower interest rates.
Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkey’s CEO forecasted a resurgence in the DeFi market driven by lower interest rates.
Solana (SOL) is trading at $145.02, and investors are buzzing with speculation about its potential gains in 2025. Since hitting its low at $8 in June 2023, SOL has surged over 1,400% to its March high of around $209 this year, demonstrating incredible growth and resilience in a volatile market. Related Reading: Spot Solana ETFs […]
The Sept. 28 earnings report is being called the most important event of the year for the stock market.
The Sept. 28 earnings report is being called the most important event of the year for the stock market.
The independent candidate is suspending his campaign for president and removing his name from the ballot in ten "battleground" states.
Bitcoin’s rise above $63,000 has attracted buying in several altcoins, signaling that the sentiment is turning bullish.
Bitcoin’s rise above $63,000 has attracted buying in several altcoins, signaling that the sentiment is turning bullish.
Robert Kennedy Jr. has suspended his independent pursuit of the U.S. presidency and encouraged his supporters to instead back former President Donald Trump in battleground states, putting the weight of the Kennedy name behind the GOP candidate.
The rejection of lower prices after the climactic drop in early August assuaged trades. Despite the welcomed recovery, Bitcoin bulls are yet to build on the momentum and break above the local resistance levels. Even so, traders are optimistic, expecting buyers to take charge and resume the uptrend set in motion in Q1 2024. In their forecasts, more analysts think any breakout above $72,000 and July highs could spark a wave of demand that may see Bitcoin record fresh all-time highs above $73,800. Bitcoin Breaking To All-Time Highs Will Take Time Taking to X, one trader, pointing to Bitcoin’s historical price cycles, is convinced that there are two more phases to go before the coin breaks an all-time high and registers fresh all-time highs. In the past, all cycles tops–from the RSI Bollinger Band % Phases indicator, the analyst continued, tend to print out on the fifth move. So far, only three of these five cycles have been completed. Related Reading: Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14% Judging from the current state of price action, another analyst, commenting on this preview believes Bitcoin bulls may not have the momentum to break above $73,800 and sustain this level on the first attempt. Instead, in the next two months or so, between September and October, the all-time high will be conquered. However, these gains will be extended with the coin printing new all-time highs in early January 2025. This forecast will align with the Bitcoin historical 4-year cycle. Will Bitcoin Find Favor In Q4 2024? As traders chip in, making predictions, another analyst, pointing to price data, notes that it has been 162 days since Bitcoin broke November 2021 highs and printed fresh all-time highs. The previous cycle only required 209 and 188 days to print fresh all-time highs. Now that history favors Bitcoin in every last cycle of the year, the analyst expects prices to expand rapidly in the last three months. Related Reading: Cardano Price Poised To Hit $2.88, Following Solana’s Fractal: Crypto Analyst As of August 23, bulls are back in the equation, according to the Bitcoin bull-bear market cycle indicator. After fluctuating since early August, the signal is back to blue, pointing to interest, a net positive. Overall, Bitcoin remains within a narrow range. Bulls must decisively push prices higher, reversing all losses of early August. However, any drop below $50,000 would trigger a sell-off to new H2 2024 lows. Feature image from DALLE, chart from TradingView
Trump Jr.'s DeFi project could challenge traditional banking, potentially reshaping financial power dynamics and reducing intermediary control.
The post Trump Jr. wants to ‘make finance great again’ with new DeFi project appeared first on Crypto Briefing.
Synthetix faces fierce competition on the DeFi-oriented layer 2.
Synthetix faces fierce competition on the DeFi-oriented layer 2.
The crypto exchange did not provide a timeline on when crypto withdrawals might resume, citing legal issues.
The crypto exchange did not provide a timeline on when crypto withdrawals might resume, citing legal issues.
Recent data shows that the Tron network has overtaken Solana as the leading platform for meme coin trading. This feat follows Tron’s meme coin launchpad, Sunpump, which has overshadowed Solana’s Pump.fun. Related Reading: Tron Emerges As Top Trending Crypto Asset After New Meme Coin Deployer Launch – Santiment Sunpump Surpasses Pump.fun In Daily Revenue Onchain […]
New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low.
New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low.
In 2021, PleasrDAO acquired “Once Upon A Time in Shaolin,” a one-of-a-kind musical album by Wu-Tang Clan, for $4.75 million.
In 2021, PleasrDAO acquired “Once Upon A Time in Shaolin,” a one-of-a-kind musical album by Wu-Tang Clan, for $4.75 million.
Quantum rigs might pose a bigger threat to blockchains than quantum decryption.
Quantum rigs might pose a bigger threat to blockchains than quantum decryption.
WazirX users will be able to withdraw up to 66% of their Indian rupees starting Monday, about a month after funds were frozen due to a security breach.
The Indian cryptocurrency exchange WazirX has stated that it will start gradually returning INR withdrawals from August 26 after a hack on the exchange resulted in over $230 million being stolen from it on July 18. The complete phased recovery plan will permit user withdrawals of up to 66% of their INR balances, even as …
Dogecoin (DOGE), the original meme coin that took the cryptocurrency world by storm, has shown bullish signs recently, reigniting interest among its loyal holders. However, in an intriguing shift, many DOGE investors are now looking to diversify their portfolios by getting in early on another promising memecoin: Mpeppe (MPEPE). With the potential for significant profits, […]
The world of cryptocurrency is dynamic and ever-changing, with new players constantly emerging to challenge the established giants. One such rising star is Mpeppe (MPEPE), a memecoin that has quickly garnered a strong following and is now on a trajectory to surpass Dogecoin (DOGE) in the coming months. With its unique blend of meme culture, […]
Dogecoin (DOGE), the meme coin that started as a joke but quickly turned into a crypto powerhouse, has long been a favorite among cryptocurrency enthusiasts. However, even the most devoted Dogecoin (DOGE) whales are starting to shift their focus toward a new rival in the meme coin market: Mpeppe (MPEPE). Priced at just $0.001777, Mpeppe […]
On-chain data has provided insights into how Cardano (ADA) investors will likely react to the crypto token’s recent price surge. Cardano has been one of the leading gainers in the crypto market in the last seven days, with a price gain of over 14% during this period. Related Reading: Cardano Chang Upgrade Launch: ADA Sees 52% Explosion In Major Metric Cardano Could Face Significant Selling Pressure Cardano could face significant selling pressure from investors who recently entered the money following the crypto token’s price surge. Data from the on-chain analytics platform Santiment shows that over an additional 12% of Cardano’s supply is now in profits, which could pave the way for the holders of these tokens to secure their profits, especially considering Cardano’s unstable price action so far in this market cycle. Despite its recent price gains, Cardano has been one of the most underperforming coins since the start of the year and boasts a year-to-date (YTD) loss of over 35%. As such, Cardano holders are likely to be more compelled to secure their profits rather than hold on to the belief that this recent price surge is a bullish reversal rather than a relief bounce. The recent transaction pattern among these Cardano holders also suggests that they are losing confidence in the crypto token and are likely to secure their profits as soon as possible. Data from the market intelligence platform IntoTheBlock shows that the average holding time of coins transacted in the last thirty days has been 5 months, indicating that Cardano holders are paper-handing their tokens. Meanwhile, further data from IntoTheBlock shows how many addresses could offload their tokens if these Cardano holders begin to secure profits. 481,370 ADA addresses bought the crypto token between the price range of $0.3 and $0.35. This set of investors could be the first to begin securing profits, considering that they could easily fall out of the money if Cardano’s recent price surge is simply a relief bounce. A Guide For ADA Investors Crypto analyst Trend Rider recently provided a guide for Cardano holders, which he stated they could use as a “master plan to stay calm and tune out the noise.” This guide came in the form of a chart that showed key levels holders should watch out for and use in making a well-thought-out investment decision. The analyst stated that the range between $0.22 and $0.31 is a liquidation zone, which presents a strong buying area for those who want to add to their positions. He further stated that the main barrier zone for Cardano is between $0.42 and $0.55, noting that this area is ideal for taking profits. He added that Cardano could enjoy a quick rally to $0.75 if it breaks above this main barrier zone. The analyst claimed $0.75 is the “final boss resistance, a prime spot to take profits.”Those with greater conviction in Cardano might want to hold the crypto token for much longer if it hits $0.75. Trend Rider stated that a break above $0.75 means the crypto token is entering bull market territory. At the time of writing, ADA has been trading at around $0.379, which is up almost 4% in the last 24 hours, according to data from CoinMarketCap. Related Reading: Cardano Price Poised To Hit $2.88, Following Solana’s Fractal: Crypto Analyst Cover image from Dall-E, chart from Tradingview