Bitcoin (BTC) is expected to experience its next “explosive rally” as miners emerge from their recent capitulation period.According to the latest data from the Hash Ribbon indicator, the BTC price has entered long-term “buy” territory for the first time since mid-May.Bitcoin Miner “Surrender” Is Over, According to Hash Ribbon DataThe Bitcoin hash ribbon tracks two moving averages of the hash rate, which is the combined processing power miners are estimated to be dedicating to the network.When the 30-day moving average falls below the 60-day equivalent, it suggests that miners are struggling. However, when the opposite happens, it generates a historically…
Author: Crypto Flexs
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Ether traded in a narrow 6% range between $3,370 and $3,560 last week. It is worth noting that the last time Ether closed above $3,600 was on June 17, which means that it may have missed a major opportunity, the spot listing of the US-listed Ether Exchange-traded Fund (ETF) on July 23, which has been anticipated for over three years.Given that Bitcoin (BTC) is trading just 10% below its all-time high, you can’t blame the cryptocurrency for its lack of momentum. More importantly, US-listed spot Bitcoin ETFs have seen net inflows of $961 million over the past two trading days.…
Exchange • July 24, 2024 2:08 AM EDT Posted 1 minute earlier In ~ Updated: July 24, 2024 3:26 AM EDT A cryptocurrency wallet associated with the shuttered exchange Mt. Gox transferred 32,371 bitcoins ($2.13 billion) to an unknown address earlier today. The massive transfer comes after creditors using cryptocurrency exchange Kraken received payments to their exchange accounts yesterday.Mt. Gox also sent about $2.8 billion worth of bitcoin to a new address yesterday. Large transfers from Mt. Gox wallets often occur before large amounts of bitcoin are transferred to centralized exchanges to pay creditors.Mt. Gox also started sending. Bitcoin Bitcoin…
Lawrence Jengar 24 July 2024 06:50 Gala Games’ Treasure Tapper now features a ‘Daily Code’ challenge using Morse code, where players can solve clues every day to win 1M coins. Gala Games has announced the introduction of an innovative feature called ‘Daily Code’ to its popular game Treasure Tapper. According to Gala News, the new addition allows players to unlock daily rewards by taking part in Morse code challenges. What is a ‘Daily Code’? The ‘Daily Code’ feature will have players tapping Morse code to enter a special code that is revealed each day.…
Jessie A Ellis 24 Jul 2024 06:21 From July 1st to 7th, BNB Chain will introduce new projects in various fields such as DeFi, AI, and Web3 games. According to the BNB Chain Blog, BNB Chain has announced a new lineup of projects in the first week of July 2024. The new additions cover a wide range of fields, including DeFi, AI, decentralized social networks (DeSoc), and Web3 games. New project overview From July 1st to 7th, several promising projects joined the BNB chain ecosystem. project category explanation APRO Oracle infrastructure APRO Oracle enhances…
Polymarket is being hailed as the latest killer app in cryptocurrency. Prediction markets have key features that differentiate them from other markets. Some industry leaders argue that this application still has room to grow. Despite the rapid growth of the cryptocurrency industry in recent years, the reach of applications rarely drives adoption and growth beyond native cryptocurrency users. To date, this elite group of applications has included stablecoins, Axie Infinity, and OpenSea.But Polymarket, the Polygon-based prediction market that is currently gaining popularity during the US election cycle, looks set to join this elite class in 2024.In this article, we will…
On July 23, Bitcoin bulls fought to defend $66,000 as the U.S. spot Ethereum exchange-traded fund (ETF) surprised analysts.BTC/USD 1-hour chart. Source: TradingViewEther ETF performance is impressiveBitcoin (BTC) price strength is rebounding after initial weakness on Wall Street, according to data from Cointelegraph Markets Pro and TradingView.The launch of spot ETH ETF trading appeared to take market participants by surprise, with volumes exceeding $100 million in just 15 minutes, sending ETH/USD up 2.3%, recovering from its initial plunge.“So far the spot ETF launch has been as expected – profit taking sell-offs on both puff and spot. The move has retraced…
Discover the best cryptocurrencies to buy – Only 5% of the world’s population owns cryptocurrencies. We are very earlyAnd this is good for the top altcoins. When I first got interested in cryptocurrencies, I was all in on Bitcoin, but later switched to Ethereum and eventually split the two assets 50/50. This time, neither of us have much money. Here’s what I’m investing in: We hate spam as much as you do. You can unsubscribe with one click.
The market cap of major cryptocurrency mining stocks has risen significantly over the past two weeks, with most companies experiencing double-digit percentage growth.Marathon Digital (ticker MARA) led the way, jumping from $5.51 billion in market cap on July 8 to $7.56 billion over the weekend, a 37% increase in just five days. It dipped slightly the following week to $6.99 billion, but the company still managed to rally 27% over the 11 days ending July 19. Riot Platforms (RIOT) followed a similar pattern, rising from $2.78 billion to $3.67 billion, and ending last week at $3.16 billion after a 32%…
According to cryptocurrency analytics firm Santiment, one of the Solana (SOL)-based meme tokens could be undergoing a correction after hitting new highs over the weekend. Santiment notes that Popcat (POPCAT) has caught the attention of major traders as it has surged more than 110% from around $0.469 on July 11 to an all-time high of $0.987 on Saturday. The analytics firm explains: “Historically, this level of sudden interest following a price surge is likely to be followed by a correction, which would likely be a better entry point.” Source: Santiment/X The correction may have already begun. POPCAT is trading at…