Bitcoin price has risen by more than 10% and has broken through the $64,000 resistance level. BTC is showing positive signs and may attempt to move above the $65,000 level. Bitcoin gained bullish momentum above the $63,500 resistance level. The price is trading above $63,500 and the 100-hour simple moving average. According to data provided by Kraken, a major bullish trend line is forming around support at $62,200 on the hourly chart of BTC/USD. The pair is likely to continue its upward movement if it breaks the resistance level of $65,000. Bitcoin price rises 10% Bitcoin price started a big…
Author: Crypto Flexs
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Polymarket, which is quickly emerging as the most popular blockchain-based betting marketplace, has hired renowned statistician and election commentator Nate Silver from Axios as an advisor. Reported On Tuesday. Prediction markets, once relegated to the realm of academic theory, are now a way to pool knowledge among a crowd of users. In theory, and increasingly in practice, these users are incentivized to shed their biases by investing money in voting. This is called “skin in the game.”Founded in 2020, Polymarket has become one of the most popular sites for betting on the US elections. The poll asks who will win…
ETH short-term holders profit. ETH breaks through resistance line for the first time in weeks. Ethereum (ETH) garnered attention as one of the most notable cryptocurrencies of the past week, with its market cap increasing by more than 14%. Additionally, the 7-day Market Value to Realized Value (MVRV) ratio indicates that buyers who entered the market during this period are holding their investments profitably. Ethereum Shows Attractive Trend According to data analysis from Santiment, investors who bought Ethereum during the recent crash are now seeing significant gains. According to the data, ETH and several other assets have seen significant increases…
Wang Long Chai 16 July 2024 16:20 The Bitcoin market is under significant selling pressure due to the German government and Mt. Gox distribution, which is affecting the price and investor sentiment. The Bitcoin (BTC) market has recently experienced a significant selloff, absorbing over 48,000 BTC procured by the German government. According to Glassnode Insights, this occurred as market participants prepared for a potential distribution from the now-defunct Mt. Gox exchange.Large Enterprises and Market DynamicsLarge institutions currently hold around 4.9 million BTC, or 25% of the circulating supply. Centralized exchanges and ETF custodians are…
Bitcoin (BTC) was looking to retest its range high at the Wall Street open on July 16 as the market ignored the Mt. Gox BTC move.BTC/USD 1-hour chart. Source: TradingViewBitcoin Hangs in ‘Classic Distrust Rally’According to data from Cointelegraph Markets Pro and TradingView, BTC price has recovered its strength and started a new journey towards $64,000.Although still down around 1% overall since the daily open, BTC/USD has shown resilience despite billions of dollars worth of coins being withdrawn from cold wallets linked to the shuttered exchange Mt. Gox.While some have dismissed the market’s initial knee-jerk reaction to the trade, some…
On Tuesday, a LiFi bridging protocol was exploited for over $8 million, with attackers targeting specific accounts. The platform urged users not to interact with LiFi-based applications. The prevalence of cyberattacks remains a major threat to the industry, and those involved must remain constantly vigilant to avoid becoming a victim. LiFi Protocol Hacked for Over $8 Million The LiFi protocol confirmed the attack in a post on X, urging users not to interact with LiFi-based applications. According to the report, the hackers targeted accounts with a manual “infinite authorization” setting. “Please do not interact with LiFi-based applications for the time…
Based on CoinGecko’s website traffic, the most popular stories in Q2 2024 were Mimecoin, Real Assets (RWA), and AI.CoinGecko released its latest cryptocurrency industry report on July 16, outlining key milestones and events in the cryptocurrency market for Q2 2024.According to CoinGecko data, MemeCoin, RWA, and AI were the top three narratives in Q2 2023, accounting for 36% of all CoinGecko web traffic categories during the quarter. As the report shows, the share is similar to Q1 2024.Memecoin to Dominate Cryptocurrency Talk in Q2 2024Memecoins, cryptocurrencies inspired by internet memes or trends, topped CoinGecko’s Crypto Narrative Chart, making up 14%…
Bridge • July 16, 2024 10:17 AM EDT Posted 1 minute earlier In ~ The cross-chain blockchain protocol LI.FI has been exploited, the team revealed on social media platform X. The team is investigating the potential hack, which appears to only affect users who have manually enabled certain features.“Do not interact with LI.FI-based applications at this time,” the LI.FI team wrote. “We are investigating a potential exploit. Unless you have set up infinite permissions, you are not at risk.””(W)e urge all users to immediately revoke use of our selected website,” LI.FI wrote, adding, “Four additional security breaches have been confirmed.”…
Felix Pinkston July 16, 2024 12:13 Binance is introducing a promotion for PEPE Easy Earning Flexible product, offering a bonus tiered APR of up to 8% during the promotion period. Binance has announced a new promotion for its Simple Earn platform, specifically targeting Pepe (PEPE) Flexible Products. According to Binance, users who subscribe to these products during the promotion period will be able to enjoy exclusive Bonus Tiered APR benefits of up to 8% in addition to Real-Time APR rewards. Promotion Details The promotion period is from 00:00 UTC on July 16, 2024 to…
Felix Pinkston July 16, 2024 12:13 Binance is introducing a promotion for PEPE Easy Earning Flexible product, offering a bonus tiered APR of up to 8% during the promotion period. Binance has announced a new promotion for its Simple Earn platform, specifically targeting Pepe (PEPE) Flexible Products. According to Binance, users who subscribe to these products during the promotion period will be able to enjoy exclusive Bonus Tiered APR benefits of up to 8% in addition to Real-Time APR rewards. Promotion Details The promotion period is from 00:00 UTC on July 16, 2024 to…