The cryptocurrency market is in the midst of a bull cycle. With all eyes on Bitcoin’s potential surge to new highs, anticipation is growing for the start of what has been an interesting phenomenon in the past: the altcoin season.However, this cycle may be out of the norm. An altcoin season, where demand and investment shifts significantly from Bitcoin to altcoins, may simply not happen. Several reasonable factors suggest why this may be the case.Too many altcoins create decentralized liquidity.The main reason why altcoins are underperforming compared to Bitcoin is because the altcoin market is completely saturated, with supply already…
Author: Crypto Flexs
Read More
Policy • July 27, 2024 2:45 PM EDT Posted 1 minute earlier In ~ Updated: July 27, 2024 3:20 PM EDT Former President and current Republican presidential candidate Donald Trump is set to speak at the upcoming Bitcoin 2024 conference in Nashville. The speech is expected to be closely watched by many in the industry as President Trump works to build support among crypto fans. A recent Gemini poll found that a majority of people said support for crypto would influence which candidate they support in November. Trump’s speech was scheduled to begin at 2 p.m. Central Time. Interested viewers…
Ethereum price extended losses and tested the $3,080 support zone. ETH is recovering and may test the $3,350 resistance zone. Ethereum started to recover after testing $3,080. The price is trading below $3,350 and the 100 hourly simple moving average. The downtrend line connected with the resistance level of $3,220 has broken down on the ETH/USD hourly chart based on data provided by Kraken. The pair can continue to rise if it remains above the $3,180 support zone. Ethereum Price Recovers Above $3,200 Ethereum price extended its downtrend below the $3,250 support zone. ETH fell below $3,150 and tested the…
Caroline Bishop 27 July 2024 13:40 The US presidential election could dramatically change cryptocurrency policy, with key figures like Kamala Harris and Donald Trump taking center stage. The political landscape in the United States has shifted dramatically over the past few weeks, potentially shedding light on the contours of a new era for cryptocurrency policy and regulation in the country. According to dYdX, President Joseph R. Biden, who led an administration that has been surprisingly hostile to cryptocurrencies, has decided not to seek the Democratic nomination for president. Instead, he has nominated Kamala Harris…
Raoul Pal, a macro expert and CEO of Real Vision, thinks Solana (SOL) will outperform Bitcoin (BTC) by a wide margin this cycle. In a new YouTube strategy session, Arms said Solana could be printing a classic bullish inverse head and shoulders pattern (I-HNS) for Bitcoin. “That’s a killer inverse head and shoulders, cup and handle, whatever. It suggests that there’s going to be a very big move coming out of this crossover, which means Solana is going to outperform a lot of things. That’s a typical feature of crypto summer, which is altcoin season.” Source: Raoul Pal/YouTube The inverse…
Howard Rutnick, CEO and Chairman of Cantor Fitzgerald, announced at Bitcoin 2024 that the global services firm plans to launch a Bitcoin finance business with an initial funding of $2 billion to provide leverage to investors holding the digital asset. “We are welcoming Bitcoin into the global financial markets funding family, and Cantor Fitzgerald will be your sponsor,” Lutnick announced. “We are building the best platform for Bitcoin funding, partnering with the best custodians, and committing to your Bitcoin ecosystem.” Rootnick said he owns Bitcoin and that Cantor Fitzgerald owns a “huge” amount of Bitcoin and that he and “all…
According to Coin ATM Radar data, the global cryptocurrency ATM market is expected to peak in 2022. The United States ranked first with over 32,000 installations, Canada second with over 3,000, and Australia third with over 1,120. Users see Bitcoin ATMs as one of the easiest ways to buy and sell Bitcoin (BTC). Bitcoin ATM installations are exploding, approaching all-time highs in 2022 and beyond, with significant growth seen over the past three months. Data shows significant growth in most countries since the beginning of the year, with the United States still the country with the most Bitcoin ATM installations.…
Timothy Morano 27 July 2024 15:21 The latest two-week report from SingularityNET (AGIX) shows significant progress for the decentralized AI platform, including developer tools, Daemon updates, UI improvements, and more. SingularityNET (AGIX), a decentralized AI platform, has released a biweekly development report detailing significant progress on its core components. Covering weeks 28 and 29, the report, according to SingularityNET, shows progress in bringing the platform closer to a modernized decentralized AI system.Developer PortalThe developer portal has undergone significant changes in the latest update. Key improvements include:A collection of configurations for the new version of…
Aptos has started a bullish rally over the past 24 hours, but volume has declined. As the rally continues, liquidations will increase, which may indicate that the trend is no longer sustainable. Aptos (APT) There has been a significant uptrend in the last 24 hours, and the uptrend has come while the rest of the market is fairly stable. Why did this happen? Why is APT so high on the chart? And is there a chance that the rally will continue in the short term? Check out Aptos’ bull rally The price action of APT has gained bullish momentum, with…
This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers.Every summer in the crypto world seems to have a unique theme. We’ve seen ICO summer, DeFi summer, NFT summer, and now, to the dismay of some, it’s Mimecoin summer. Gen Z is jumping on board with memecoins much like they are on TikTok. Out of all the coins, one inevitably goes viral, making the time and stress spent in front of the screen…