According to one analyst, Bitcoin’s chart could see a very “interesting monthly candle” in late August, which could signal a potential trend reversal.But some experts warn that the month is not over yet and fundamentals are likely to have a bigger impact on market movements.In an August 26 post, analyst HODL15Capital observed that this was “probably the most interesting monthly candle in Bitcoin history.”The analyst noted a potential “Dragonfly Doji” Japanese candlestick formation on the monthly time frame chart. BTC Monthly Candle Formation. Source: HODL15 CapitalThe Dragonfly Doji is a candlestick pattern that indicates the possibility of price declines or…
Author: Crypto Flexs
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U.S. spot Bitcoin exchange-traded funds recorded positive inflows for the eighth straight day on Monday, with a total daily net inflow of $202.51 million. The 12 Bitcoin funds have attracted $756 million over the past eight trading days.According to SoSoValue data, the largest net inflow on Monday came from BlackRock’s IBIT fund, which took in $224.06 million, the largest daily inflow since July 22. Two other funds had smaller net inflows: Franklin Templeton’s EZBC recorded $5.52 million, while WisdomTree’s BTCW recorded $5 million.Bitwise’s BITB recorded the largest net outflow on Monday, with $16.61 million, followed by Fidelity’s FBTC with $8.33…
According to an August 26 post by EigenDA on the X Platform, EigenDA, the data availability protocol for EigenLayer, now supports re-staking of native tokens for the Layer 2 scaling network, in addition to Ether (ETH) and EigenLayer’s native EIGEN token. According to the post, “The team can now re-stake ERC-20 tokens to secure a custom quorum for rollups, providing stronger security for rollup users and token yields for token holders.” EigenDA is a “data availability layer” that operates on top of EigenLayer’s ETH re-staking platform, designed to reduce the costs of storing and accessing on-chain data for Ethereum’s Layer…
James Ding 27 Aug 2024 05:48 Binance has added Gravity (G) to its Simple Earn Locked Products, offering users an APR of up to 29.9% during the promotional period. Binance, one of the world’s leading cryptocurrency exchanges, has announced the addition of Gravity (G) to its Simple Earn Locked Products, promising users up to 29.9% APR rewards during the promotion period. This initiative is part of Binance’s ongoing efforts to diversify its products and provide users with profitable opportunities.Promotion Period and Subscription DetailsAccording to Binance, the Gravity (G) subscription promotion period on Simple Earn…
People • August 26, 2024 2:24 PM EDT Posted 1 minute earlier ~ in The reason Telegram CEO Pavel Durov was arrested by French authorities became clearer on Monday after authorities released a statement.Durov was arrested as part of a broader cybercrime investigation that included allegations that he provided “cryptographic” services and tools, according to a statement released by the Paris Court of Justice.”“Pavel DUROV, founder and CEO of the instant messaging platform and Telegram, was arrested on Saturday, August 24, 2024, at 8 p.m. at Le Bourget airport, outside Paris, and taken into police custody,” the statement read. “These…
The TON Association has come together to address the issues Telegram is currently facing. Telegram founder and CEO Pavel Durov is facing regulatory challenges. The platform took a strong defensive stance against its executives. As a platform that is closely integrated with the blockchain and cryptocurrency ecosystem, Telegram quickly gained the attention of the entire industry when CEO Pavel Durov was recently arrested in France. TON, a decentralized network that benefited significantly from its close relationship with the platform, was the most affected, as evidenced by the repercussions across the community and a 20% plunge in its native token. The…
Felix Pinkston 27 Aug 2024 03:32 Binance has integrated Yield Guild Games (YGG) into the Ronin Network and opened deposits and withdrawals for users. According to an announcement from Binance, one of the major cryptocurrency exchanges, Binance has successfully integrated Yield Guild Games (YGG) on the Ronin Network. This integration opens a platform for deposits and withdrawals of YGG tokens on the Ronin Network, providing users with more flexibility and options.Integrated DetailsAs of August 27, 2024, the integration process has been completed, allowing users to deposit and withdraw YGG tokens directly from the Ronin…
The Bitcoin (BTC) price has surpassed $62,000 for the first time since August 1, after Federal Reserve Chairman Jerome Powell gave a dovish speech on the possibility of a rate cut in September. Since its 6% rally on August 23, BTC has retested $65,000 twice but failed to show any bullish signs on the 1-hour and 4-hour charts. While the sideways consolidation following the bullish breakout is seen as positive, other signals suggest that Bitcoin could undergo another correction towards the $62,000-$60,000 range.Bitcoin exchange holdings flattenAs Bitcoin regained ground above the $61,700 resistance level for the first time in August,…
Market experts have been praising Solana (SOL) price action throughout this month. The fifth-largest cryptocurrency by market cap has performed strongly despite market volatility, and recently recovered the $160 support level. Analysts suggest that SOL could repeat history and soon begin a rally towards a new all-time high (ATH). Solana, out of integration scope In August, Solana’s strength was tested during the market rebound. Several analysts considered SOL to be one of the strongest assets this month, noting its performance over the past three weeks.advertisement The price of SOL fell by more than 30% during the first crash, dropping to…
Trend trading is the basis of the most important movements in the financial markets. If you have ever heard the term “trends are your friends”, then you have come to the right article.This involves exploiting the price direction of financial instruments over the long term and, for most serious strategies, trying to achieve significant capital compounding by adding more money to profitable positions or holding assets as part of a portfolio for an investment approach.This technique requires experience in detecting price zones that are likely to experience weakness or strength during the price path. Pullbacks, support, and resistance are concepts…