According to the latest analysis, Bitcoin can overcome the impending “death cross” if it flips $62,000 as support.In an August 9 X-only thread, popular trader Benjamin Cowen suggested a way for bulls to avoid a Bitcoin (BTC) price crash, based on history.$62,000 Becomes Key BTC Price Resistance HurdleThe recent BTC price action has brought BTC/USD to the threshold of another moving average crossover, classically known as a “death cross.”This includes the downward sloping 50-day simple moving average (SMA) crossing below its 200-day equivalent. The current 50-day and 200-day SMAs are 61,998 and 91,882, respectively, according to data from Cointelegraph Markets…
Author: Crypto Flexs
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Market • August 9, 2024 3:57 AM EDT Posted 1 minute earlier ~ in Pump.fun, a Solana-based Mimecoin launchpad, eliminates token distribution fees and rewards token creators with 0.5 SOL ($80) when the token crosses the bonding curve.The platform will now allow the first purchaser of Mimecoin to pay the token creation fee instead of the creator paying a fee of 0.02 SOL ($3). “This opens up a use case where someone can create coins without having to purchase any supply at all.” Pump.fun Wrote About X.Memecoin creators receive a 0.5 SOL reward, regardless of whether they hold the tokens…
Restore the Republic (RTR), a Donald Trump-themed cryptocurrency, has fallen a whopping 95% from its all-time high after it was revealed that it has no ties to the Trump family. The RTR price initially soared to $0.1490 after a now-deleted post by Students for Trump president Ryan Fournier suggested that this was the new official Trump token, but the token soon plummeted after Eric Trump vehemently denied this.RTR briefly hit an all-time high of $0.1490 before crashing. Source: Dex ScreenerAccording to data from Dex Screener, RTR is trading at $0.0091 at the time of publication.Before Trump’s denial, many in the…
Simplicity is like the friend who shows up to a party in jeans and a T-shirt while everyone else is in sequins and a bow tie. It’s the art of stripping away unnecessary decoration and fur to reveal only the bare essentials, like peeling away the ridiculous layers of an onion to find the core. Except, unlike the onion, it doesn’t cry. In a world cluttered beyond a teenager’s bedroom, simplicity cuts through the chaos like a hot knife through butter, bringing a sigh of relief to your overworked brain. If you are a gun of simplicity that hits directly…
Wang Long Chai Aug 9, 2024 07:15 BitMEX introduces new prediction markets on Trump, Harris, Powell, and Gensler, giving traders the opportunity to speculate on political and economic developments. Leading cryptocurrency exchange BitMEX has announced the launch of four new prediction markets focused on celebrities including Donald Trump, Kamala Harris, Jerome Powell, and Gary Gensler. According to the BitMEX blog, the markets will launch on August 9, 2024 at 04:00 UTC. Prediction Market Details A new prediction market allows traders to speculate on the future actions and influence of prominent individuals, including: Donald Trump:…
As a seasoned crypto reporter, Dalmas brings a unique perspective to the industry. His expertise in NFTs, blockchain, DeFi and blockchain news at NewsBTC, combined with his background in mechanical engineering and over 10 years of journalism experience, has allowed him to write over 10,000 news and feature articles over the past 8 years. His diverse range of topics, including technology, forex and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured in major news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authoritative sites. In particular, he…
TON has outperformed most of the cryptocurrency markets over the last 24 hours. The asset’s price performance followed the Binance listing announcement. TON is constantly working to attract and retain retail customers. From memecoins like DOGE and SHIB to NFT marketplaces like OpenSea, in every cryptocurrency market cycle, some projects drive a new wave of retail cryptocurrency adoption. During this cycle, the TON ecosystem emerged as one of the driving forces behind retail adoption, with the popularity of TON-based clicker apps accessible via the widely used instant messaging app Telegram.As interest in the TON ecosystem grows, so does support from…
Timothy Morano Aug 9, 2024 05:03 Pantera Capital explores the complexities of correctly pricing cryptocurrencies, highlighting the need for accurate and transparent valuations in volatile markets. Pantera Capital, a prominent investment firm in the cryptocurrency space, has released a detailed analysis of the complexities of pricing in the cryptocurrency market. According to Pantera Capital, the report, titled ‘Getting the Pricing Right in Crypto’, explores the challenges and methods involved in achieving accurate valuation.The importance of accurate pricingAccurate pricing in the cryptocurrency market is critical due to the inherent volatility and speculative nature of digital…
Policy • August 8, 2024 1:40 PM EDT Posted 1 minute earlier ~ in The repatriation of former Terraform Labs CEO Kwon Do-won to South Korea has been delayed again.According to local media, the court decided to wait until the Supreme Court rules on the request for legality protection.As previously reported by The Block, the delay is yet another move in the back-and-forth over extradition from Montenegro after Kwon was arrested in March 2023 in Montenegro on suspicion of document forgery while attempting to board a flight to Dubai. The High Court of Montenegro initially ruled in February of this…
The Miami International Stock Exchange (MIAX) just withdrew its application for options trading. Spot Bitcoin ETF. This comes after the first proposal came out in January this year after the U.S. Securities and Exchange Commission (SEC) approved a spot Bitcoin ETF. The withdrawal was announced in an SEC filing on August 1. MIAX withdraws proposal amid regulatory uncertainty MIAX’s decision The withdrawal comes after Better Markets raised concerns and commented on the risks of the product. Better Markets, a non-profit organization not affiliated with any political party, outlined the potential risks to investors and the financial sector. However, this does…