Bitcoin’s recovery has not been as impactful as expected, as it has failed to break above $60,000 even after the bullish momentum returned. Given this, expectations of a bearish reversal have become common as analysts believe the pioneering cryptocurrency lacks the momentum to sustain its current momentum. One analyst who believes the price will fall is Finn Oakes, who predicts a return to the $53,000 area. Bitcoin Forms Double Top Pattern In an analysis shared on the TradingView website, crypto analyst Finn Oakes explains that the Bitcoin price has now formed a double top. This occurred after the Bitcoin price…
Author: Crypto Flexs
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According to the BNB Chain Blog, the BNB Incubation Alliance (BIA) event held in Brussels on July 8-9, 2024 concluded with the announcement of the winners. The event aimed to support and accelerate the growth of promising early-stage blockchain projects.Winner AnnouncementThe projects were evaluated by a distinguished panel of judges including Carlos from Bitkraft, Idan Sugarman from Zero Knowledge Ventures, Marwan from BNB Chain, Matt Law from Outlier Ventures, Max from Binance Labs, Melody He from Spartan Group, Yaroslav Writtle from Faculty Group, and Yemu from Penrose Ventures. The judging criteria included the sustainability of…
Despite Bitcoin price volatility and five-month lows, several key indicators still suggest that bulls are likely to prevail, suggesting that an uptrend could be in store for BTC’s price trajectory.BTC rebound prospects rise as bullish divergenceBitcoin (BTC) had a tumultuous start to early July, plunging more than 10.50% and hovering around $57,000 as of July 7. BTC reached a low of $53,550, driven by fears of a market crash as Mt. Gox continued to refund over 140,000 BTC to customers and the German government liquidated BTC.The recent Bitcoin price decline has been accompanied by a growing divergence between the falling…
INX and Backed Launch bNVDA, Tokenized NVIDIA Stock on the Ethereum Network Investors can trade bNVDA 24/7 with blockchain security and self-custody options. Future plans include expanding tokenized assets to ETFs, bonds, and commodities. INX, a regulated marketplace for digital securities, announced today that it has partnered with Backed, a leader in real-world asset tokenization, to list tokenized securities on the INX platform for eligible users outside the United States. This innovation promises to increase accessibility, liquidity and security for global investors, particularly those outside the United States. bNVDA is a tokenized security backed 1:1 by NVIDIA Corp (NVDA) shares…
The Chicago Board Options Exchange filed an application for the Solana ETF on June 10, 2024. Renowned Bloomberg ETF expert offers mixed views on Solana ETF approval Analyst argues that Joe Biden’s re-election would be “dead on arrival” for the SOL ETF. Famed Bloomberg Financial analyst Eric Balchunas has shaken up the cryptocurrency market by saying the upcoming U.S. presidential election could determine the outcome of Solana’s exchange-traded fund (ETF) application. Solana ETF will likely have a final closing date in mid-March 2025. But the most important date between now and then is November. If Biden wins, it will most…
The FTX-Alameda Bankruptcy Court has filed a suit against Jump Trading subsidiary Tai Mo Shan over a $264 million claim surrounding a loan transaction with Alameda Research. FTX’s attorneys argued that the claim was invalid because the loan never originated.Tai Mo Shan is seeking approximately $264 million in damages from Alameda Research for failing to deliver 800 million Serum (SRM) tokens under a loan agreement dating back to August 2020. SRM is the native cryptocurrency of FTX-backed decentralized exchange Serum. Collapsed with FTX Exchange in 2022.According to Court documentsJump Trading said it calculated the loss based on an options model…
Donald Trump is set to speak at the Bitcoin 2024 conference in Nashville, Tennessee. Bitcoin CoinPerine made the announcement Thursday morning. Trump-related meme coins surged after the news broke. The organizers of the Bitcoin 2024 conference are: announce Former US President Donald Trump is expected to be one of the speakers. Bitcoin 2024 is scheduled to take place in Nashville, Tennessee from July 25 to July 27. This is one of the largest Bitcoin conferences in the world, and Trump will be joining the list of top Bitcoiners at a time when cryptocurrencies are becoming an increasingly important topic for…
Leading cryptocurrency exchange Binance has announced the addition of new trading pairs and trading bot services to its platform. According to Binance’s recent announcement, trading pairs 1000SATS/USDC and IO/USDC will be available for trading starting from July 12, 2024 at 08:00 UTC. New trading pairs The introduction of 1000SATS/USDC and IO/USDC trading pairs aims to expand the list of available trading options on Binance Spot, providing users with more options to enhance their trading experience. These new pairs are available to users who meet certain eligibility criteria, depending on their country or region of residence.…
A popular cryptocurrency trader believes one of Ethereum’s (ETH) competitors will perform well in the coming months. The pseudonymous analyst Altcoin Sherpa told his 217,800 followers on social media platform X that he is “pretty neutral” on Solana (SOL) in the short term, but is becoming more bullish on the asset as 2024 draws to a close. “I still believe $120-170 is a good area to accumulate SOL overall and it looks like it could still do quite well in the second half of the year, but I don’t expect this area to move until the overall market environment improves.”…
Bitcoin’s post-halving crash appears to have divided the cryptocurrency community, with investors currently seen as the most bullish group. Cryptocurrency investors, developers, speculators, and traders appear to have mixed views on the current state of the market, with “no strong consensus sentiment” at the moment, according to cryptocurrency price aggregator CoinGecko. In a survey of 2,558 participants conducted from mid-June to July 8, CoinGecko assessed market sentiment. The largest group of respondents (26.1%) described themselves as “somewhat bullish,” while the smallest group (11.8%) described themselves as “bullish.” Overall, about 50% of participants were bullish, despite Bitcoin’s recent price drop below…