A widely known cryptocurrency analyst has issued a warning about Bitcoin (BTC), saying investors should not rule out the possibility of the cryptocurrency king falling below $50,000. Anonymous cryptocurrency trader Kaleo tells his 642,200 followers on social media platform X that Bitcoin could drop to the high $40,000s to low $50,000s before hitting new all-time highs by the end of the year. “I don’t think we can rule out a crash to the upper $40,000s, but I think it’s more likely that we see a crash to the lower $50,000s and then a bottom. Either way, – We will reach…
Author: Crypto Flexs
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The Block • August 5, 2024 2:20 PM EDT Posted 1 minute earlier In ~ Updated: August 5, 2024, 2:26 PM EDT Cryptocurrency markets saw a massive downturn on Monday, with the industry’s market cap experiencing its biggest drop since January 2022. Top 2 cryptocurrencies by market cap Also, the price has plummeted over the last 24 hours. Bitcoin Bitcoin -7.54% It fell below 50 thousand dollars. And ether was trading below $2,200. U.S. spot Bitcoin exchange-traded funds (ETFs) saw $237 million in outflows on Friday, the second-highest outflow since May 1 and the fourth-highest daily net outflow overall. More…
Jessie A Ellis 05 Aug 2024 16:39 Circle has announced that USDC support will be discontinued on the Flow blockchain starting September 3, 2024 due to a network upgrade. Circle has announced that it will be discontinuing support for USDC on the Flow (Cadence) blockchain starting September 3, 2024 due to an upcoming network upgrade. USDC minting on Flow will continue until noon ET on August 27, 2024, according to Circle. Impact on USDC Holders Circle has urged Circle Mint customers, retail USDC holders, and non-Circle customers holding USDC on Flow to migrate their…
Before Toncoin (TON) recently bounced to $6.75, the cryptocurrency had experienced a 12% drop over the past six days. TON initially fell below the critical level and has not been able to rise any higher since. According to this analysis, it may be difficult for the token to break this resistance, so the price may remain below $7 for the next few days. Toncoin Metric Reveals Potential Selloff According to IntoTheBlock, the number of profitable holders has not reached its previous high due to the decline in TON last month. Also, the In/Out of Money Around Price (IOMAP) shows where…
Georgetown, Grand Cayman, August 5, 2024, Chainwire Zircuit, a fully EVM compatible ZK rollup with AI-assisted sequencer level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, the first program that provides the opportunity to win ZRC and big prizes proportional to the gas consumed on the Zircuit network. In order to reward users who participated in the highly successful staking program by staking over $2 billion, Zircuit has also launched the Season 1 Airdrop Claim. Users who staked assets in the Season 1 Points Campaign can…
Bitcoin (BTC) tried to control losses after the opening of Wall Street on August 5 as cryptocurrency markets rebounded from a brutal selloff.BTC/USD 1-hour chart. Source: TradingViewBTC price saw a welcome rebound as it neared $55,000.According to data from Cointelegraph Markets Pro and TradingView, the price of BTC bounced above $4,000 after the start of the U.S. trading session.Bitcoin has unnerved traders after falling below $50,000 for the first time since February, with many predicting further price declines as the TradFi market recovers.Ultimately, risky assets have seen relatively modest declines, with the S&P 500 down 3% and the Nasdaq Composite…
Tier 1 • August 5, 2024 10:18 AM EDT Posted 1 minute earlier In ~ Updated: August 5, 2024, 10:56 AM EDT Bitcoin dominance is a term used to describe the total market share that Bitcoin maintains compared to other cryptocurrencies, which has hit an all-time high amid a downturn in digital assets and global stock markets. Bitcoin’s total market capitalization currently accounts for about 60% of the entire cryptocurrency industry’s capitalization. Data pages of a block. That’s up from Bitcoin’s dominance of about 51% on Friday.Bitcoin was trading around $51,000 at the time of publication, after briefly falling below…
The January low that triggered the rally to $4,000 was tested again in the early hours of July 5. It’s still too early to say whether Ethereum has bottomed, but investors can wait until next week for more clarity. Ethereum (ETH) has crashed to its lowest level since January in the past few hours, falling below 2.9k and then falling 27.5% over the next 12 hours. At the time of writing, ETH has bounced from a low of $2,100 to $2,366, up 12.17%. Smart investors who bought close to $20 million when prices were $2,900 to $3,100 were wrong this…
Iris Coleman 05 Aug 2024 13:56 Revolving Games partners with Animoca Brands to build a scalable Web3 gaming ecosystem leveraging decentralized infrastructure and the RCADE token. Revolving Games (RG), a pioneering publisher of decentralized games and digital ownership, has announced a strategic partnership with Animoca Brands. According to Animoca Brands, the partnership aims to create a scalable, gamer-controlled economy leveraging Web3 technologies. Innovative Web3 gaming ecosystem Through this collaboration, Revolving Games will build a decentralized infrastructure that includes the RCADE Chain, Node Network, and $RCADE tokens. The framework aims to support a diverse gaming…
Cryptocurrency stocks are down sharply in premarket trading ahead of the U.S. market open, after a weekend of slumps and worries about a U.S. recession and heightened geopolitical tensions weighed on prices until Monday morning.Last week’s price decline in the cryptocurrency markets intensified over the weekend and then plunged on Monday morning. Bitcoin at one point plunged below $50,000, while Ether lost all of its gains for the year as the price fell below $2,200. According to TradingView, shares of cryptocurrency exchange Coinbase are currently trading at $167 in premarket trading, down 18.5% from Friday’s close, potentially erasing all gains…