A serious power crisis is what Iran is currently going through, and an unprecedented heatwave only serves to further deteriorate the situation. In a bizarre bid to crack down on this issue, the government of Iran has just announced a $20 bounty for citizens to act as informants on illegal cryptocurrency mining operations within the […]
LI.FI's integration with ThorChain enhances cross-chain liquidity, simplifying Bitcoin transactions and broadening DeFi platform capabilities.
The post LI.FI integrates ThorChain for native Bitcoin swaps with EVM chains appeared first on Crypto Briefing.
Recently, crypto analysts have been attracted to Bitcoin Cash (BCH); Alan Santana provided an extremely intricate analysis concerning the coin’s future. He advises investors though to hold off on accumulating BCH until the market shows clearer signs of stability. Related Reading: HODLing Resurgence? 374,000 Bitcoin Transfer Ignites Crypto Recovery The cautious outlook for Santana was based on the notion that, from his belief, the correction in the market wasn’t over yet. He indicated that BCH still might be due for a little room down to the bottom, likely to precede the bull market expected in 2025. Strategic Accumulation And Market Timing The analyst focuses on a meticulous accumulation strategy. Santana advises investors to wait for signals of the bottoming of the market before buying BCH. He says such patience can pay off handsomely. He also encourages one to look at both linear and logarithmic graphs, for each offers a different perspective into price action. This gives a greater overview of where BCH might be headed when both of them are combined. ✴️ Bitcoin Cash Pre-2025 Bull-Market Accumulation Zone & Strategy Another amazing cryptocurrency project. You know our motto, we love all cryptocurrencies; the more the better. Good evening ladies and gentlemen… Are you ready to be entertained? Bitcoin Cash peaked before… pic.twitter.com/DMLJ077ufN — Alan Santana (@lamatrades1111) August 13, 2024 Of course, these potential returns would be for those willing to follow the advice. However, he also cautioned that such gains would most likely have to travel through further declines on the market. Timing and patience in riding out wildly swinging markets are thus what seem to be emphasized more than anything else with his strategy. BCH is independent of the broad market trend. In 2021, BCH led in May, a little ahead of other altcoins. In the year 2023, BCH started off in June to peak in April 2024. This time difference right here can give BCH an added strategic advantage for investors who understand that market behavior. World Of Charts, another analyst, recently offered an upbeat prediction for Bitcoin Cash’s (BCH) price trajectory. WOC believes that BCH is almost ready for a big bounce in the upcoming weeks. BCH was trying a number of resistance levels at the time of his research. These milestones functioned as obstacles that BCH had to clear in order to pursue new annual highs. According to the analyst, a significant price gain may occur if BCH is able to overcome these resistance levels. Related Reading: Bitcoin SV Makes A Surprise Move With 10% Uptick – Details Short-Term Outlook: Resistance And Growth While Santana’s view for the long term is very conservative, the short-term BCH forecasts are pretty optimistic. CoinCheckup data interprets this to mean a possible 4.80% increase BCH over the next three months. This growth could be driven by steady accumulation and mild bullish momentum. Though modest, this could position BCH to test the $230-$240 resistance zone. Further out, the six-month outlook for BCH is a projected 14% rise. Assuming BCH can break out of its current resistance levels, the target will be the $270-$280 zone. But more so important will be how the market reacts at those levels, and that shall be the determinant as to whether BCH will keep the momentum or there will be heavy pullbacks. Featured image from Pintu, chart from TradingView
“There’s a sense of inevitability” that NFTs are the start of a renaissance in digital art says 24 Hours of Art’s RD: NFT Collector.
Phantom wallet suffered a severe glitch today. Funds from users’ wallets disappeared for no apparent reason. It caused a huge panic in the crypto community and there were speculations of wallets being hacked. Let’s explore the case and try to understand what actually happened. Funds Vanished from Phantom wallet A large number of Phantom wallet …
In a blog post, RippleX, the developer arm of Ripple Labs, has declared a “new era” for the XRP Ledger (XRPL), with plans to integrate hundreds of millions of dollars worth of tokenized real-world assets (RWAs). As reported by Bitcoinist in June, the initiative aims to establish the XRPL as a premier choice for tokenizing […]
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the report said.
The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. What Could Make Bitcoin Drop To As Low As $48,000 Van de Poppe mentioned in an X (formerly Twitter) post that Bitcoin could break below $56,000 and drop to a price target of $48,000 if the Consumer Price Index (CPI) inflation data comes out badly. Meanwhile, he added that with Bitcoin currently above $56,000, the first resistance it needs to break is between $60,000 and $61,000. He claimed that a breakout would bring Bitcoin next to its current all-time high (ATH) at $73,000. Related Reading: Dogecoin On Track To Rally 100% To $0.2; Crypto Analyst The CPI inflation data released on August 14 saw a 0.2% monthly increase in July and rose at an annual rate of 2.9%, meeting expectations. As such, it was neither considered bullish nor bearish for the market, as Bitcoin remained steady following the news. However, the positive is that the data showed inflation is slowing and that a potential interest rate cut in September is still on the table. Despite the CPI data not coming out badly, Van de Poppe’s forecast of Bitcoin dropping to as low as $48,000 could still be on the cards, seeing as the flagship crypto’s price action has looked more bearish than bullish in recent times. Alex Kuptsikevich, senior market analyst at FxPro, recently mentioned that Bitcoin is more likely to fall by $5,000 rather than rise by the same amount. A $5,000 drop in Bitcoin would put it below the $56,000 resistance level Van de Poppe highlighted, putting $48,000 in sight. Crypto analyst Altcoin Sherpa also mentioned that Bitcoin will likely drop into the $40,000 range if it fails to break above its current price level. He added that a successful breakout will take Bitcoin to $70,000. A Strong Rally Is Coming For BTC Amid Bitcoin’s price, which is looking undecided about its next move, crypto analyst Mikybull Crypto has assured us that a “strong and massive rally” is looming for the flagship crypto. He made this statement while revealing that the global liquidity index has broken out of the 2-year resistance. He noted that Bitcoin’s correlation with the global liquidity index is quite strong. Related Reading: Analyst Says XRP Price Will Rally 10,400% To $60, Here’s When The analyst, who had earlier claimed that the Bitcoin bottom was in, also recently stated that the flagship crypto’s next target as it begins its wave five expansion would be $95,000 and then $142,000. At the time of writing, Bitcoin is trading at around $58,400, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Shiba Inu team is celebrating yet another milestone as they add a new payment method on the Shibarium network. This time around, the team is celebrating the addition of card payments for BONE transactions on the Ethereum Layer 2 network, making it one step easier for investors to be onboarded into the budding Shiba […]
During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
After Black Monday, the stock market fears recession and Wall Street predicts an AI bubble burst, with Nvidia and tech stocks under pressure. Will crypto AI projects survive?
BlackRock's ascendancy in crypto fund management signals a shift in market dynamics, potentially influencing future investment trends and competition.
The post BlackRock overtakes Grayscale as largest crypto fund manager appeared first on Crypto Briefing.
In his 1971 speech ending the gold standard, Richard Nixon promised to stabilize the dollar, but instead, nearly everything has gone up in price.
The global financial system will be better off if stablecoins are fully adopted and foreign exchange risk goes the way of the dinosaurs, says Christopher Perkins, president of CoinFund.
The Bitcoin price could increase by over two-fold based on a key bull signal historically correlated with price rallies.
The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.
The cryptocurrency industry is making a concerted push to win over the Democratic Party ahead of the 2024 presidential election, with a new organization hoping to counter former President Donald Trump’s growing influence among crypto supporters. Political Crypto Battle According to a Fortune report, a new grassroots organization called ‘Crypto for Harris’ is leading the […]
Vitalik Buterin urged the community to send the memecoin token funds they want to send him directly to charities.
Arthur Hayes, a well-known crypto investor and former CEO of BitMEX, has reportedly made a major purchase of the little-known altcoin Aethir (ATH), amounting to 11.4 million tokens, valued at approximately $779,000. This transaction was identified and reported by on-chain data analytics firm Lookonchain. According to the firm, the purchase was made on crypto exchange OKX. Shortly after Hayes’ acquisition, another purchase was reportedly made by a whale. A different anonymous investor acquired 28.87 million ATH, worth around $1.95 million, across multiple exchanges including Bybit, KuCoin, and OKX, as per data by Lookonchain. Related Reading: Ethereum Price To Hit New All-Time High If This Happens: Crypto Analyst This flurry of activity comes just three days after Hayes’ recent forecast in his latest essay, suggesting a potential upswing in the crypto market beginning in September 2024. Hayes stated, “In any case, I expect that crypto will exit its sideways-to-downward trajectory starting in September. As such, I will take advantage of this late northern hemispheric summer weakness to load up on crypto risk.” Hayes didn’t name any specific altcoins he’s buying, but seemingly Aethir (ATH) is one of them. Discussing the broader market, Hayes expressed his anticipation for a resurgence in altcoins, contingent upon major cryptocurrencies like Bitcoin and Ether breaking significant price barriers. He remarked, “Alt szn will return only after Bitcoin and Ether decidedly break through $70,000 and $4,000, respectively. […] The combination of a dollar liquidity-inspired Bitcoin and Ether rally into year-end will create a strong foundation for the return of a sexy shitcoin soiree.” Crypto Newcomer: What Is Aethir (ATH)? The Aethir (ATH) token is the native cryptocurrency of the Aethir network, integral to its decentralized GPU cloud infrastructure. ATH operates as a utility and governance token within the Aethir ecosystem, which is focused on providing decentralized cloud solutions for AI and gaming through its Distributed Proof of Infrastructure (DePIN) technology. Related Reading: Dogecoin On Track To Rally 100% To $0.2; Crypto Analyst ATH tokens have several key uses. ATH is used to pay for services like renting GPU resources for AI processing and cloud gaming. Token holders can vote on various proposals affecting the network’s future. Moreover, ATH rewards participants in the network, particularly those who operate Checker Nodes and contribute GPU power through devices like the Aethir Edge. The Aethir network emphasizes community participation and decentralization, aiming to distribute ATH tokens widely via mechanisms like airdrops and earning opportunities through the Aethir Cloud Drop campaign. This campaign allows community members to earn ATH by participating in activities that support network growth and engagement. The token has a circulating supply of approximately 4.056 billion units, with a market cap of around $276 million. Thus, ATH is only the 215th largest cryptocurrency by market cap. In the last 24 hours, trading volume is quite elevated with $91.15 million, although it’s down -63%, ATH volume is still ranked 56th (24h). At press time, ATH traded at $0.068059, down -4.6% in the last 24 hours. Featured image from YouTube, chart from TradingView.com
Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024.
The integration enhances Base's ecosystem, enabling advanced DeFi and smart contract applications, potentially accelerating blockchain innovation.
The post Chainlink Data Streams and VRF go live on Base appeared first on Crypto Briefing.
OKX Wallet now supports blockchain links (Blinks) across all EVM-compatible chains, enhancing multichain transactions without switching platforms.
Nudge seeks to unleash a new DeFi primitive called Re: allocation Value.
The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).
Immutable teams up with Fireblocks to secure asset management for Web3 games, NFTs and DeFi projects within its ecosystem.
The debut of the leveraged MicroStrategy ETF in the US could significantly amplify market volatility and investor exposure to Bitcoin.
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Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time.
Litecoin gained 2.1% while Internet Computer rose 1.9% in overnight trading.
WazirX’s ability to restore balances and secure assets on its platform will impact its future and the security of the broader industry.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.