Whale accumulation highlighted a potential breakout as LINK battled key resistance levels. Declining foreign exchange reserves and increased trading have created bullish conditions. Chainlink (LINK) 30 newly created wallets gained attention after withdrawing 1.37 million LINK worth $34.1 million from Binance in just 5 days. This accumulation coincided with a 4.01% price increase, pushing LINK up to $24.93 at press time. According to Lookonchain by X (formerly Twitter): “Suspicious $LINK accumulation detected! In the last 5 days, 30 newly created wallets withdrew 1.37 million $LINK ($34.1 million) from #Binance.” This whale activity often fuels speculation about a potential breakout, leaving…
Author: Crypto Flexs
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BlackRock’s Bitcoin exchange-traded fund (ETF) experienced its largest single-day outflow ever, with the Bitcoin fund experiencing total outflows of more than $1.5 billion for four consecutive trading days.BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded outflows of $188.7 million on Dec. 24, surpassing the previous record of $72.7 million set on Dec. 20, per CoinGlass data.All 12 U.S.-based spot Bitcoin (BTC) ETFs recorded total outflows of $338.4 million on Christmas Eve. Since December 19, these funds have recorded a joint net outflow of $1.52 billion.Historical IBIT flow data shows rare outflow days for the fund. source: Coin GlassEthereum ETF inflows continueFidelity…
Cardano (ADA) is seeing increasing bearish momentum as the price approaches the important support level at $0.8119. This potential retest marks a pivotal moment for the cryptocurrency as market conditions turn unfavorable. The recent decline in prices coupled with negative signals from key technical indicators has heightened concerns about further downside risks. The Relative Strength Index (RSI) and other indicators suggest that selling pressure is increasing, so ADA’s ability to stay above this key level will be important. A breach below $0.8119 could result in more losses and potentially take ADA into uncharted bearish territory. However, defending these support levels…
A widely respected cryptocurrency analyst is identifying a downward price target for smart contract platform Cardano (ADA) if it undergoes another correction. In a new video update, cryptocurrency strategist Benjamin Cowen told his 849,000 YouTube subscribers that ADA could continue to fall if the Federal Reserve does not restart quantitative easing (QE). “It’s possible that (ADA) will go lower. Especially if you follow the last cycle… A 56% drop would actually put us below $0.60, the same level as last time… (Fed Chairman Jerome) Powell said, ‘There is no QE. There is always a chance of it going back down…
join us telegram A channel to stay up to date on breaking news coverage The cryptocurrency market continues to present explosive opportunities, and some projects are expected to make huge profits in the coming year. Here’s a look at five standout competitors, presented in order from emerging opportunities to established players. Wall Street Invitation (WEPE) $WEPE presales have already surpassed $35.6 million in just a few weeks, attracting both small and large investors. The price of each token is $0.0003655. To buy $WEPE, visit the Wall Street Pepe website, connect your wallet (e.g. Best Wallet) and pay with ETH, USDT…
If SHIB pumps 115% or 200%, you would need $465,000 or $334,000 to turn it into $1 million. If you use 5X or 10X leverage, this estimated capital could drop to $94,000 or $34,000. The craze of turning meme coins into millions of dollars isn’t going away anytime soon. It should maintain strong meme-coin narrative dominance through at least 2024. So how much should you flip? Shiba Inu (SHIB) In millions? Most analysts expect a market rebound in early 2025. After that, we expect a pause until the summer, followed by another rebound in the third and fourth quarters of…
Victoria, Seychelles, December 25, 2024, ChainwireBitget, a leading cryptocurrency exchange and Web3 company, has announced a special Christmas promotion in collaboration with DuitNow. Running from 6:00 PM on December 24, 2024 to 6:00 PM on January 7, 2025 (UTC+8), the campaign gives new users the opportunity to transfer assets without fees and compete for a shared prize pool. We provide. 50,000 BGB.Activity OverviewThis promotion is only available to new users who have never transacted through DuitNow before. During the Promotion Period, participants can purchase cryptocurrency assets in any amount using third-party DuitNow payment methods. Transaction fees will be zero until…
Decentralized finance (DeFi) will reach an inflection point in 2025 as Bitcoin staking, real-world asset (RWA) tokenization, and agent artificial intelligence (AI) drive adoption, multiple industry executives told Cointelegraph.In 2024, Bitcoin surpassed $100,000 per coin for the first time, with investors pouring more than $100 billion into physical BTC exchange-traded funds (ETFs). Dean Tribble, CEO of Layer 1 network Agoric Systems, told Cointelegraph: “Bitcoin (BTC)’s all-time high will spark renewed interest in cryptocurrencies from both institutions and regulators, and will reinvigorate the entire cryptocurrency sector in 2025. “It will infuse it,” he said. According to data from DefiLlama, the total…
This is the third in a series of stories examining the cryptocurrency industry’s entry into politics and campaigns in 2024. The first examined the election record of the Fairshake PAC strategy, and the second focused on the 2010 Supreme Court positions.The corporate leaders responsible for the rivers of money flooding American politics this year have already profited handsomely from last month’s election results. Personal wealth has increased by billions of dollars, far outweighing the massive spending on cryptocurrency-friendly investments. candidate.Coinbase Inc. (COIN) CEO Brian Armstrong and his company have invested approximately $74 million in Fairshake, the industry’s dominant political action…
Felix Pinkstone December 24, 2024 06:45 BitMEX is introducing new permanent swap listings for HYPEUSDT, FARTCOINUSDT, and HIVEUSDT, giving traders up to 50x leverage opportunities on these cryptocurrency pairs. Cryptocurrency trading platform BitMEX has expanded its services by introducing new perpetual swap contracts for HYPEUSDT, FARTCOINUSDT, and HIVEUSDT, according to BitMEX. As of December 24, 2024, traders can engage in long or short positions on these cryptocurrency pairs with leverage options of up to 50x. new trading opportunities The introduction of these contracts allows traders to speculate on the price movements of HYPE, FARTCOIN…