Crypto analytics platforms can vary widely depending on various factors, including price, investment focus and tracking abilities.
The European Central Bank recently joined forces with Crystal Intelligence, as its blockchain analytics partner for the upcoming MiCA implementation.
Worldcoin, which once made headlines for its futuristic vision, is now at the center of turmoil. This time, conflict is making news, not innovation. Sam Altman of OpenAI’s cryptocurrency project is at the heart of this tempest as it struggles to accomplish its ambitious goal of a worldwide digital identification system. Related Reading: Bright Horizons […]
PEPE, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark. This article provides an in-depth analysis of the current price action, focusing on the bullish trend line. It examines whether a potential break below this line could drive the price to the critical support level at $0.00000766 or if a potential reversal is on the horizon. As of the time of writing, PEPE’s price has dropped by 5.10%, trading at approximately $0.00001005 in the past 24 hours. PEPE boasts a market capitalization exceeding $4.2 billion and a trading volume surpassing $821 million. The asset’s market cap has decreased by 5.32%, while its trading volume has increased by 35.01% in the past 24 hours. Technical Analysis: Current Market Sentiment For PEPE On the 4-hour chart, PEPE has demonstrated significant bearish momentum, with the price dropping below the 100-day Simple Moving Average (SMA) and the $0.00001152 support mark, signaling a potential bearish move toward the bullish trend line. A successful breach below this trend line could signal the start of a bearish trend for the cryptocurrency, potentially driving the price down to the next key support level at $0.00000766. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) signal line has dropped below 50% and is approaching 30%, which is considered the oversold zone. This movement indicates increasing bearish momentum and suggests that selling pressure is intensifying. Technical analysis on the 1-day chart reveals that, following the rejection at $0.00001313, PEPE has been on a bearish trajectory toward the bullish trend line, marked by the formation of multiple bearish candlesticks. Furthermore, the crypto asset’s price is trading below the 100-day SMA, suggesting a bearish market sentiment. The signal line of the 1-day RSI indicator has recently dropped below 50% and is moving toward the oversold zone, suggesting that the digital asset may continue its bearish trajectory below the 100-day SMA toward the bullish trend line. Navigating Potential Breakdowns And Bounces At The Trend Line PEPE is currently on a bearish path while approaching its long-standing bullish trend line. A successful break below this trend line could indicate the beginning of a bearish trend, potentially driving the asset toward the $0.00000766 support level and beyond. However, if PEPE bounces back at the bullish trend line, it could retrace towards its previous high of $0.00001152. Should the crypto asset break above this level, it could signal a further upward movement, possibly targeting the $0.00001313 resistance range and other higher levels. Featured image from iStock, chart from Tradingview.com
The skepticism towards an NFT resurgence may signal a shift in investor focus and priorities within the crypto market.
The post Only 19% of crypto investors expect an NFT comeback this cycle: CoinGecko appeared first on Crypto Briefing.
Ripple CTO David Schwartz recently took a stand against scammers attempting to deceive users on social media. Amid the buzz created by the Coinbase-centered discussion on X, some scammers wishing to capitalize on the moment took the chance to make their suggestions in the fake comments. The scammers suggested contacting Coinbase email support to resolve …
Cathie Wood’s ARK has resumed active trading of crypto-related stocks like Coinbase, 3iQ Ether staking ETF, Robinhood and its own spot Bitcoin ETF.
US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining 494 BTC during the month and a 567% increase in its Bitcoin treasury compared to last year. During the bear market, CleanSpark’s Bitcoin reserve had declined over 40%, indicating a more bullish approach in 2024. […]
The post Bitcoin miner CleanSpark increased BTC treasury by 567% since 2023 appeared first on CryptoSlate.
The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.
Shiba Inu has experienced a staggering 625% surge in large holder inflows, signaling a wave of bullish sentiment among large players. Large Holders Inflow tracks the funds going into whale-owned addresses and may indicate significant buying activity. This might be because many of these addresses buy on centralized exchanges and transfer their purchases to cold …
The trading volume of derivatives on Cardano (ADA) has skyrocketed recently, recording a staggering 31% increase in the last 24 hours. The data reveals a turnover of $457.71 million in Cardano perpetual futures during the period under review. The trading volume on the spot markets for Cardano has also soared – 20% in 24 hours, …
Bitcoin faces traditionally challenging months while Japan sees stocks sell-off unmatched in nearly 40 years.
In this episode of Decentralized with Cointelegraph, we explore the origins, hype and future of the crypto space, with TIME magazine journalist Andrew Chow, ahead of his new book 'Cryptomania.’
Amid the ongoing crypto correction, led by Bitcoin (BTC), Coinbase Global Inc. (NASDAQ: COIN), the largest cryptocurrency exchange in the United States by registered users and daily average traded volume, has been forming a possible reversal pattern. Having risen to a local top around $272 last month, COIN shares have been trapped in a falling …
The FBI urges victims to report scam activities through official channels and provide any transaction information related to the scam.
It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.
Quick Take Data from Trading Economics shows that on today’s latest US jobs data revealed a surprising spike in the unemployment rate, which soared to 4.3%, exceeding the consensus expectation of 4.1%. Non-farm payrolls were particularly disappointing, with only 114,000 jobs added compared to the anticipated 175,000, marking a significant miss. The weak employment report […]
The post U.S. unemployment rate spike drives Treasury yields down and Bitcoin holds steady appeared first on CryptoSlate.
Worldcoin expands its digital ID verification technology to Austria, offering residents in Vienna access to the World ID system with multiple locations throughout the city.
Former Upbit CEO JP Thieriot publicly endorsed Kamala Harris for President late Thursday via a series of posts on X, causing significant backlash from prominent members of the crypto sector, including popular pro-XRP lawyer Bill Morgan. Thieriot, who stepped down as CEO but remains a Director at Upbit, previously led the company through the controversial […]
Recently, a massive transaction shook the digital currency ecosystem. A prominent whale transferred 400 billion PEPE tokens—worth about $4.22 million—to Binance. Related Reading: GRT Market Signals 12% Drop: Is A Turnaround Possible? Strategically timed among the general negative market mood, this move seems to be a deliberate one for partial profit booking. The whale’s behavior corresponds to the breach of a critical support level around $0.00001075, a key threshold that has lately increased the downward pressure on PEPE’s price. A whale deposited 400B $PEPE($4.22M) to #Binance to take profits in the past hour. The whale withdrew 795.92B $PEPE($2.55M at the time) from #Binance on Mar 1 and currently has 395.93B $PEPE($4.18M) left. His total profit on $PEPE is $5.85M, the ROI is 230%!… pic.twitter.com/o7T1ihjoq9 — Lookonchain (@lookonchain) August 1, 2024 Previously active on March 1st, the whale pulled out 795 billion PEPE tokens from Binance, worth $2.55 million. Even with this big withdrawal, the whale still has a decent 396 billion PEPE, which means it has an unrealized profit of $5.85 million, or a 230% return on investment. This amazing financial dance shows how smart the whale is and how dangerous it is to trade PEPE in a market that is always changing. Pepe Technical Study: Negative PEPE is trading at about $0.00001051 as of the most recent report, a 7.5% decline in price over the last 24 hours. Concurrently, trade volume has jumped by 14%, indicating a change in market involvement and investor participation. Technical study shows a pessimistic view of the cryptocurrency despite this higher activity. With forecasts showing a possible 20% collapse in the short future, the recent violation of the important support level of $0.00001075 is expected to propel further drops. The 200 Exponential Moving Average (EMA) suggests PEPE may find support around $0.0000852. Despite the gloomy market, this technical indicator suggests price stabilization. Technical indicators and market dynamics challenge PEPE’s prospects. Liquidation Levels And Possible Rebound The latest development also puts into perspective PEPE’s main liquidation thresholds, which lie on the lower end at $0.000010 and on the upper end at $0.0000118. Should the bearish mood persists, the meme coin may experience a downward motion below $0.000010, forcing the liquidation of around $2.04 million in long bets. Conversely, a shift in market sentiment could result in PEPE falling below $0.0000118, which would result in the liquidation of approximately $13.4 million in short positions. Beyond the current volatility, PEPE projections remain somewhat positive, though short-term forecasts show a significant comeback with an expected 249.99% gain over the following three months. Related Reading: Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So With expected rates of 183.50% over six months and 169.42% over one year, the longer horizon seems as bright. These scenarios could be good news for the popular meme coin as it maneuvers its way into the volatile crypto market, but all things considered PEPE could be headed in the right direction. In essence, the larger projection stays robust even if PEPE has major short-term difficulties and liquidation hazards. The direction of the token will be greatly shaped by the combination of whale movements, technical indicators, and market emotion. Featured image from , chart from TradingView
The Solana network outpaced Ethereum in monthly decentralized exchange (DEX) volume in July, according to DefiLlama data. Solana’s DEX transactions reached $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This represents Solana’s second-highest monthly volume, following March 2024’s peak of $60.7 billion. Solana’s volume spike is mainly due to activity on platforms like […]
The post Solana’s July DEX volume exceeds Ethereum amid wash trading concerns appeared first on CryptoSlate.
Bitcoin recently surged past the $65,000 mark, briefly reaching above $65,300 before a slight pullback brought it close to $64,280. This volatility came on the heels of the Federal Reserve’s decision to maintain interest rates, with future cuts potentially on the horizon. Saylor’s Bitcoin Strategy Proves Effective Reacting to the current sentiment, Michael Saylor, co-founder …
Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high.
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The stablecoin market's growth signifies increased liquidity and adoption in the crypto-economy, highlighting Tether's dominant role.
The post Stablecoin market surges past $160 billion, reaching a two-year peak appeared first on Crypto Briefing.
The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.
A couple got refunded $10 million rather than $100 and started spending. Years later, they face time in prison for their actions.
The Evolution of Crypto Regulation: Insights from Joey Garcia of Xapo Bank In a recent interview, Joey Garcia, Director and Head of Regulatory Affairs and Public Relations at Bitcoin-focused Xapo Bank, shared his journey and insights into the evolution of digital assets regulation. Joined by CryptoSlate Senior Analyst James Van Straten, Garcia provided a detailed […]
The post Bitcoin-focused Xapo Bank maintains 3,000% liquidity ratio to secure customer assets appeared first on CryptoSlate.
The integration will also offer Bybit users daily airdrop rewards for holding Ethena's USDe.