Bitcoin Bitcoin +2.61% Recently, Coinbase’s market depth has become more imbalanced between bids and asks, with more bids being placed. According to Coinbase analysts David Duong and David Han, this surge in Bitcoin sell orders is particularly concentrated within 5% to 10% of the exchange’s mid-price, limiting further price increases. “Data suggests there may be some profit-taking at current levels, which could limit price gains as market participants become more willing to sell in line with price gains,” Coinbase analysts wrote in a report Friday.Bitcoin Selling Pressure Still ExistingDuong and Han pointed to Arkham Intelligence data showing specific factors driving…
Author: Crypto Flexs
Read More
Solana’s price has increased by 500% and is trading at over $150 at the time of writing. Technical analysis results have confirmed a bullish pennant, suggesting that prices are likely to continue to rise. Solana (SOL), recognized as one of the largest cryptocurrencies by market cap, has shown remarkable performance since the beginning of the year. With a gain of over 500% this year, SOL has soared to over $150. In the last 24 hours alone, SOL has gained 1.4% and was trading at $161.03 at press time. This steady upward trajectory has not only established Solana as an exceptionally…
Jack Anderson July 19, 2024 03:23 Cronos (CRO) is offering a $30,000 zkCRO giveaway to early adopters who deposit CRO or LCRO tokens into the Cronos zkEVM bridge before the mainnet launch. Cronos (CRO) has unveiled an exciting new giveaway campaign aimed at rewarding early supporters of the zkEVM bridge. The campaign, dubbed “Pioneer’s Passage to Treasures,” offers a total of $30,000 in zkCRO prizes to be distributed among 10 lucky winners. According to Cronos, each winner will receive $3,000 in zkCRO.Campaign DetailsThis giveaway is designed to celebrate the milestone of 30 million CRO…
MAGA (TRUMP), the leading Donald Trump-themed crypto by market cap, has wiped out all of its gains since the attempted assassination of the former US President on July 13. Despite the setback, there is still significant technical upside potential, especially since Trump is scheduled to hold a fundraiser at a Bitcoin conference in Nashville on July 27.MAGA Price, ‘Trump Pump’ in the Spotlight in JulyOn July 19, MAGA fell 7.20% to $6.21, which was almost the same price as the rally a week ago before Trump’s shooting. A decline to pre-rally levels could suggest that the market’s reaction to the…
MAGA (TRUMP), the leading Donald Trump-themed crypto by market cap, has wiped out all of its gains since the attempted assassination of the former US President on July 13. Despite the setback, there is still significant technical upside potential, especially since Trump is scheduled to hold a fundraiser at a Bitcoin conference in Nashville on July 27.MAGA Price, ‘Trump Pump’ in the Spotlight in JulyOn July 19, MAGA fell 7.20% to $6.21, which was almost the same price as the rally a week ago before Trump’s shooting. A decline to pre-rally levels could suggest that the market’s reaction to the…
QCP Capital analysts noted that derivatives traders were taking significant long positions on Bitcoin options with a strike price of $67,000 ahead of the July 26 end-of-month expiration.“Dealers are looking very long term at the $67,000 level seen on Friday, July 26, and the derivatives market is betting big on a Bitcoin rally ahead of the U.S. election,” QCP Capital analysts said.The analysts added that there is significant institutional interest in the December 2024 $100,000 call in the bitcoin options market. “This is a sign that confidence in a year-end rally is growing stronger as the odds of a Trump…
Felix Pinkston July 19, 2024 03:54 Binance introduces a new promotion offering token vouchers worth up to 30,000 USDT for trading Ethereum ecosystem tokens and futures. Binance has announced a new promotional event called ‘Ethereum Carnival’. The event aims to reward users with a total of 30,000 USDT in token vouchers. According to Binance, the promotion will run from July 19, 2024 to August 1, 2024. Promotion Details During the promotion period, participants can participate in futures trading of ETHUSDT, ETHUSDC, and several other designated perpetual contracts. The event is divided into three main…
ZetaChain introduces Gateway and Localnet for a better DevX. Gateways enable seamless multi-step operations across blockchains. Localnet provides fast smart contract deployment with immediate feedback. Blockchain interoperability is one of the core problems of current technology. If various blockchain networks cannot integrate and work together, blockchain applications are limited to native chains. This greatly reduces the potential for innovation in the space. One project that is realizing the potential of cross-chain applications is ZetaChain, a network that brings together various chains. The latest upgrade aims to significantly improve interoperability between various blockchains and make “Universal Apps” a reality. Building apps…
Bitcoin (BTC) is set to rally “significantly” as intense volatility approaches, according to new analysis.Julien Vittel, head of macroeconomic research at financial advisory publisher Global Macro Investor, predicted in a post on X on July 19 that the BTC price could rise to as high as $190,000.“Compressed” Bollinger Bands Spark Talk of 6-Digit BTC PriceBitcoin has the potential to soar to six-figure all-time highs if it shows signs of volatility like it has in the past.According to Bittel, the current “crazy” state of the Bollinger Bands volatility indicator is expected to lead to a surge in BTC/USD.“Bollinger Bands are incredibly…
July 17, 2024 The EEA today published version 1 of its DeFi Risk Assessment Guidelines a pioneering document that outlines risks and mitigation strategies for DeFi protocols. The guidelines also cover the documentation and data that projects must have to help investors assess and manage these risks and mitigations. This standard was created and will be maintained by the EEA’s DRAMA working group, which brings together leading representatives from the blockchain and financial industries to strengthen the DeFi ecosystem against a variety of risks. Banco Santander, Bitwave, C4, Certik, Coinchange, Consensys, Cryptio, Cube.AI, DeFi Safety, DTCC, Entersoft, EY, Hacken, Noves,…