Bitcoin price has seen a move above $58,000 and $60,000. BTC is up more than 10% and is signaling further gains in the short term. Bitcoin showed significant upside above the $56,500 and $58,250 levels. The price is trading above $60,000 and the 100 hourly simple moving average. The hourly chart of the BTC/USD pair (data provided by Kraken) shows a bullish trend line forming with support at $60,000. The pair is likely to see further upside above the $62,500 resistance zone. Bitcoin price could extend upward trend Bitcoin price started a decent uptrend above the $55,500 resistance level. BTC…
Author: Crypto Flexs
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WIF surged 21% on the weekly chart. Dogwifhat’s outstanding contracts increased by 51.5% over the past week. The cryptocurrency markets have experienced extreme volatility over the past two weeks. Most cryptocurrencies are recovering after the market crash a week ago. In this recovery, memecoins have taken the lead, with WIF leading the pack. Dogwifhat (WIF), a Solana-based memecoin, has outperformed other memecoins and posted significant gains. Dogwifhat leads the Mimecoin market WIF has shown significant upside, outpacing most meme coins on the weekly chart. First of all, SHIB has recorded 3.17% over the past 7 days, while DOGE has recorded…
Gary Tiu, executive director and head of regulatory affairs at Hong Kong-based crypto spot exchange OSL, said in a panel discussion at the Foresight 2024 conference on Sunday that crypto spot exchange-listed funds (ETFs) in Hong Kong face systemic hurdles due to a lack of incentives for ETFs in the market overall.“So in Hong Kong, especially for funds and structured products, there is usually a very rich layer of intermediaries between the issuer and the end investor: brokers, banks, private banks, retail banks,” Tiu said. “These intermediaries are making a lot of money by distributing financial products.”Thiew said this has…
Rebecca Moen 09 Aug 2024 14:11 The Hong Kong Monetary Authority (HKMA) has warned the public about a fraudulent mobile app linked to a Singapore bank. The Hong Kong Monetary Authority (HKMA) has issued a public warning about a fraudulent mobile application linked to Bank of Singapore Limited. According to the HKMA, the fake app has been reported to the regulator and an immediate warning has been issued to protect consumers. Details of the scam app The HKMA highlighted that fraudulent apps could potentially imitate legitimate banking applications to trick users into sharing sensitive…
Bitcoin (BTC) is close to completing a death cross, where the 50-day simple moving average (SMA) falls below the 200-day SMA. While death crosses are considered bearish, analyst Timothy Peterson wrote on X that Bitcoin has posted a median return of 18% in the two months following eight death crosses since 2015.Bitcoin whales also seem to be sensing the bullish outlook. Whales holding 10-1,000 bitcoins were aggressively buying on August 5 and August 6. However, the same cannot be said for spot Bitcoin ETF buyers who sold during those two days, according to Farside Investors data, which shows a net…
Bitcoin (BTC) is signaling that a third “local bottom” is coming in 2024 as key BTC price indicators show signs of growth.A recent study released on August 8 by on-chain analytics platform CryptoQuant shows a bullish move towards the Trading Golden Cross (NVT-GC) tool in network value.BTC Price “Cooling Off Too Much”Bitcoin was warned of another collapse this week on BTC/USD as the moving averages created a so-called “death cross.”But the long-term picture remains uncertain as other market indicators point to a continued rebound.One of them is NVT-GC, described by CryptoQuant as a volatility gauge similar to Bollinger Bands. NVT…
TL;DR (concentrated takeaways)A crypto wallet passphrase is an optional feature that can be used in addition to your seed phrase to restrict access to your crypto wallet. The BIP-39 standard defines both the passphrase and the seed phrase.Passphrases offer extra security in the event that your seed phrase is exposed, or if someone else gains access to your hardware wallet. Passphrases also allow you to create multiple crypto wallets from a single seed phrase – in this way, you could even create a dummy wallet that would provide “plausible deniability” of your true holdings. If you lose your passphrase, you…
Earlier this week, crypto markets rallied after a sharp selloff, with Bitcoin down more than 15% and Ether experiencing its steepest drop since the FTX crash. This selloff, fueled by broader economic concerns and geopolitical factors, has increased market uncertainty. Curious to see if these events have prompted a significant shift in crypto fund strategy, I reached out to leading crypto investors who manage liquidity and hedge funds to find out what they are up to going forward.Interestingly, despite the recent market turmoil, several cryptocurrency funds continue to focus on fundamentals and are taking a strong bullish stance on Solana…
Two of Donald Trump’s sons have started supporting cryptocurrencies. Trump’s sons are distancing themselves from the new symbolic topic. But will their own project start soon? Over the past few weeks, Donald Trump has been at the forefront of industry conversations as he embraces the moniker “Crypto President.” While his campaign promised to reform U.S. regulatory standards in exchange for industry support, two of his sons have joined in, showing their own crypto passions and hinting at major projects. Their involvement created a buzz, and as Trump-themed tokens proliferated, the family issued a disclaimer. Trump’s Son Denies RTR Tokens Restore…
Darius Baru 10 Aug 2024 01:03 According to investors.cleanspark.com, CleanSpark Inc. (Nasdaq: CLSK) has rescheduled its Q3 2024 financial results webcast to August 9, 2024 at 4:30 p.m. ET/1:30 p.m. PT. CleanSpark Inc. (Nasdaq: CLSK), the popular Bitcoin mining company, has announced a new date and time for its Q3 fiscal year 2024 financial results webcast. According to investors.cleanspark.com, the webcast, which was originally scheduled for a different date, will now take place today, August 9, 2024, at 4:30 p.m. ET / 1:30 p.m. PT. Webcast and Conference Call Details Interested parties may view…