According to market intelligence firm CryptoQuant, the Bitcoin Miner Capitulation Indicator is approaching levels that were at the same level as the market bottom following the FTX crash in late 2022, suggesting that BTC may have bottomed.Miner capitulation is the process by which some miners reduce their operations or sell some of their mined bitcoins and reserves to shore up or “take profits or hedge their bitcoin exposure.”CryptoQuant analysts highlighted several signs of capitulation over the past month, with the Bitcoin price dropping 13% from $68,791 to $59,603.One such signal is the significant decline in the Bitcoin hashrate (the total…
Author: Crypto Flexs
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Solana’s Key Player Cashed Out $1.64 Million Worth of Dogwifhat to Bybit WIF, which fell to its lowest level in three months, lost more than 50% of its value in 30 days. Despite the popularity of derivatives, the decline in WIF flows suggests that volatility could increase. As the general cryptocurrency markets experienced double-digit losses on Friday, the meme coin sector was one of the sectors that suffered the biggest losses. One such coin that took a significant hit was Solana-based Dogwifhat (WIF), which erased gains from the recent rally, falling by up to 15% in the last 24 hours.…
This year has been a very important year for the cryptocurrency market, but we are only halfway through 2024. Bitcoin Bitcoin -2.29% ‘s price has significantly outpaced the S&P 500, surging more than 46% in the first half of the year, compared to a 15% gain for the S&P 500.The most important one is the U.S. Securities and Exchange Commission (SEC). Approved Spot Bitcoin Exchange Listed Fund – the first of its kind – has significantly increased institutional investment in cryptocurrencies. Meanwhile, Bitcoin has experienced its fourth halving, which occurs every 210,000 blocks mined, or roughly every four years.But as…
The TezDev 2024 conference, the premier event in the Tezos ecosystem, is scheduled to kick off on Thursday, July 11, 2024 at the Royal Library of Belgium (KBR) in Brussels. According to Tezos Spotlight, the highly anticipated event will run concurrently with the Ethereum Community Conference (EthCC) and promises a day filled with insightful talks, networking opportunities, and exciting demos.Event HighlightsTezDev 2024 is set to be one of the most important blockchain events of the year. With over 500 attendees expected, the event will feature 15+ speakers, 10 sessions, and 20 projects showcasing the latest…
Raoul Pal, a macroeconomic expert and CEO of Real Vision, predicts that the entire cryptocurrency market will soar to a whopping $100 trillion. In a new interview on the Blockworks Macro YouTube channel, the former Goldman Sachs executive says that if the digital asset industry continues its current growth rate, its total market cap will surge by about 44x in less than a decade. According to Arm, the explosive growth in the total market capitalization of crypto assets will be the greatest wealth creation opportunity in history. “Today, the market cap is $2.5 trillion. If we extrapolate the trend growth…
The price of Ether (ETH) plunged below $3,000 for the first time in 50 days on July 5. The drop was part of a broader cryptocurrency market correction, largely influenced by Bitcoin (BTC). Now, traders are concerned that the crypto bull market is over, and some are concerned that the price of Ether could continue to fall, despite the upcoming launch of a spot Ethereum exchange-traded fund (ETF) in the United States.Ether’s drop below $3,000 comes just as the cryptocurrency markets corrected.On July 5, the total market cap of all cryptocurrencies fell below $2 trillion, the first time since February…
The Block • July 5, 2024 3:31 PM EDT Posted 1 minute earlier In ~ 9,500 was deposited into 2 wallets. Bitcoin -2.94% Since June 27, there has been an influx of funds into Binance, meaning whales are liquidating around $550 million worth of cryptocurrencies.First spotted by blockchain analytics firm Lookonchain, the wallet could represent a whale cashing out $537 million worth of bitcoin. When transfers began last week, the stash was worth closer to $575 million. Lookonchain also analyzed the timing of transfers between the two wallets and found a correlation between transfers to addresses tagged by Arkham Intelligence…
Talk of altcoin season has died down after the total cryptocurrency market cap briefly fell below $2 trillion. The decline was the result of a wide-ranging price crash that saw many altcoins reach extremely lows that haven’t been seen in weeks, months, and even years. Despite the steep correction, several cryptocurrencies showed gains in the first week of July. The top five are: MultiversX (EGLD) Bulls Show Resilience MultiversX (EGLD), the native token of the new Internet Economy blockchain, has seen a 1.5% increase in the last 7 days. However, it has performed better in the last 24 hours, with…
The galaxy once flourished under the rule of the Empire, a vast civilization that spanned the entire universe, as shown on every chart. The architects of the Empire designed a system of checks and balances to prevent any single faction from gaining absolute power. However, the factions became factions that fought each other for greater control, each with their own agendas and ambitions. The royals, the guards, and the arbiters ultimately sowed the seeds of the Empire’s downfall. Royals The royals, heirs of an ancient bloodline, claimed a divine right to rule. They believed that…
Multicoin Capital, a cryptocurrency and blockchain investment firm, is donating up to $1 million to support Republican lawmakers who support cryptocurrencies. The company said it will match up to $1 million for every SOL donated over the next 10 days through The Sentinel Action Fund, a conservative, ultra-political action committee. The donation process is being powered by cryptocurrency exchange Gemini, according to the site. “We recognize and are committed to political engagement, and that starts with supporting candidates who believe America should remain free to innovate,” said Kyle Samani, Managing Partner at MultiCoin Capital. post On Friday X. “By donating,…