Bitcoin continues its tumultuous August with volatility set to increase as it starts the week by dropping below $60,000.Bitcoin (BTC) price action, which showed a dramatic recovery after crashing to a six-month low, is trying to regain its bullish momentum.Who will be in control going forward?The stage is already set for a fierce battle between bulls and bears, but there are plenty of factors that could drive volatility and provide some surprises.The most important of these comes from outside the crypto world in the form of US macroeconomic data.Amid the debate over how the Federal Reserve will handle global market…
Author: Crypto Flexs
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Ethereum price has started a downward correction in the $2,700 zone. ETH is currently consolidating and struggling to stay above the $2,500 support level. Ethereum started a downward correction below the $2,650 and $2,620 levels. The price is trading below $2,650 and the 100 hourly simple moving average. The bullish trend line connecting the support level at $2,620 has broken down on the hourly chart of ETH/USD based on data provided by Kraken. The pair could rally again if it stays above the $2,550 support zone. Ethereum Price Declines and Revisits $2,550 Ethereum price struggled to extend its uptrend above…
Kamala Harris’ odds of winning the upcoming presidential election have surpassed Donald Trump’s on decentralized prediction market platform Polymarket over the weekend.Harris’s multiplication The odds of winning the November election rose to 52% today at Polymarket, while Trump’s odds of winning have fallen from 70% in mid-July to 46%. Harris reversed Trump’s odds on Saturday.The US election results remain the biggest prediction market The platform’s trading volume has now exceeded $572 million.Harris’ team Started contacting As cryptocurrencies become part of the cryptocurrency industry, election debate Over the past few monthsAnd her pro-cryptocurrency rival, Trump, has echoed this. his support Bitcoin…
A widely known cryptocurrency analyst has updated his outlook for Bitcoin (BTC) and Ethereum (ETH), while also expressing a bullish outlook for large-cap altcoins. In a new thread, anonymous cryptocurrency trader Credible Crypto told his 408,700 followers on social media platform X that XRP, the token used to power Ripple Labs’ payments platform, is about to have an “inevitable massive surge” now that its legal troubles are behind it. According to Credible Crypto, XRP is now set for explosive growth after its legal battle with the U.S. Securities and Exchange Commission (SEC) ended with a $125 million fine. “The question…
Iris Coleman 12 Aug 2024 04:50 a16z crypto provides guidance on token best practices, financial models, and the innovation ecosystem, while highlighting recent blockchain developments in California. a16z crypto is a renowned venture capital fund that has been investing in crypto and web3 startups since 2013. According to a16z crypto, the firm has recently explored the intricacies of token utilization and emerging trends in the blockchain space in a series of articles. Token Best Practices Tokens are fundamental to the web3 ecosystem, but their optimal use is still evolving. a16z crypto addresses common questions…
Regulations • August 12, 2024 1:39 a.m. EDT Posted 1 minute earlier ~ in As Thailand’s securities regulator launches a sandbox for cryptocurrency companies, the country continues to explore the fine line between regulatory restrictions and cryptocurrency innovation.On Friday, the Securities and Exchange Commission of Thailand said: The sandbox is designed to “facilitate experimentation and innovative development that supports the efficient delivery of digital asset services in real-world settings.”The launch of the sandbox follows the SEC’s approval of the creation of a cryptocurrency sandbox in March, followed by a public hearing in May.Specifically, the SEC said the sandbox is intended…
TAO, the utility token for decentralized network Bittensor, is one of the biggest gainers in the market today. The altcoin, which was trading at $181.79 on August 5, has surged to $316.93 at the time of writing. This rally represents a 15.61% increase in 24 hours. However, there are a few other interesting things happening on the network, which we will discuss in this on-chain analysis. The Power Behind the Surge in Interest On August 7, BeInCrypto reported that leading crypto asset manager Grayscale had added Bittensor to its new investment trust. This development comes a few weeks after the…
Daily quantity Ethereum -3.72% The amount of cryptocurrency burned on the Ethereum network has fallen to its lowest level this year, and the base fee is hovering between 1 and 2 gwei at the time of writing.The decline in base gas fees is one of the lowest observed in recent years, which has consequently impacted ETH issuance.On Saturday, only 210 ETH was burned, a record low for the year, while gas fees remained minimal. On the other hand, on August 5, the daily burn surged to 5,000 ETH, as gas fees reached around 100 gwei.With such low gas fees, the…
Terra Luna Classic managed to turn its structure into a bullish one with a strong uptrend on Saturday. As the downtrend grows and long-term liquidations accumulate, a price decline appears imminent. The Terra Luna Classic (LUNC) price rose 23.3% from the opening price of the day to the closing price of the day on Saturday, August 10. This move was accompanied by a surge in volume, and the high of the range appears to be the next target. However, the short-term trend of Bitcoin (BTC) and the increasing level of long-term liquidations suggest that LUNC may soon experience losses and…
Ben Armstrong, popularly known as “Bitboy” in the cryptocurrency community, recently appeared on the latest episode of Tony Edwards’ YouTube show “Thinking Crypto” where he made some interesting predictions about the prices of Bitcoin and XRP. The former millionaire influencer offered both hope and caution to crypto enthusiasts as he outlined his views on upcoming market trends. “I’ve always believed that this bull market was going to happen on April Fool’s Day next year,” Armstrong told Edwards. “I think today is a good day to do something stupid.” Armstrong stressed that he believes the next major Bitcoin (BTC) rally will…