A prominent crypto strategist and trader has revealed price targets for Bitcoin (BTC) and two altcoin projects. Analyst Jason Ficino tells his 329,000 YouTube subscribers in a new strategy session that Bitcoin could soon break a key price target resistance level, according to the Average True Range (ATR) indicator. The ATR indicator measures volatility by showing the trading range of an asset over a specific period of time. “You can see here that the average true range of the bars is disappearing. Look what happened in the previous cycles. The average true range is increasing, disappearing, disappearing, disappearing, and then…
Author: Crypto Flexs
Read More
XRP (XRP) fell more than 12% on July 5, hitting a three-month low of $0.381. The cryptocurrency’s decline followed other areas of the cryptocurrency market, due to signs of a massive selloff in the Bitcoin (BTC) market and the U.S. Securities and Exchange Commission’s (SEC) response to Ripple.Mt. Gox, German Government Causes Market PanicToday’s XRP price drop is largely due to reports that the German government is liquidating hundreds of millions of dollars worth of Bitcoin seized from criminals while also holding $2.4 billion worth of the cryptocurrency in reserve.German government Bitcoin wallet holdings as of July 5, 2024. Source:…
XRP (XRP) fell more than 12% on July 5, hitting a three-month low of $0.381. The cryptocurrency’s decline followed other areas of the cryptocurrency market, due to signs of a massive selloff in the Bitcoin (BTC) market and the U.S. Securities and Exchange Commission’s (SEC) response to Ripple.Mt. Gox, German Government Causes Market PanicToday’s XRP price drop is largely due to reports that the German government is liquidating hundreds of millions of dollars worth of Bitcoin seized from criminals while also holding $2.4 billion worth of the cryptocurrency in reserve.German government Bitcoin wallet holdings as of July 5, 2024. Source:…
Market • July 5, 2024 3:29 AM EDT Posted 1 minute earlier In ~ Mt Gox began repaying some creditors in bitcoin and bitcoin cash on Friday, its restructuring manager said.The repayments will be made through some of the cryptocurrency exchanges designated under the rehabilitation plan, the administrator said in a statement today.Repayment to eligible creditors will be “immediate” upon meeting certain conditions, including verification of the validity of the registered account, acceptance of the contract by the designated cryptocurrency exchange, and completion of discussions with the trustee.“We are asking eligible rehabilitated creditors to please be patient,” Mt Gox administrators…
According to the data, XRP whales did not participate in the overall market sell-off. Long-term holders also refrained from selling, suggesting that the token price could rebound. Despite the market being so depressed, Ripple (XRP) whales decided not to fan the flames. Instead, they decided to buy more tokens. According to Santiment, addresses holding more than 1 billion XRP tokens accounted for approximately 39.81% of XRP holders in mid-June. However, at the time of writing, that percentage had increased to 41.46%. Big business provides an escape route For the group of 1 million to 1 million, the balance increased from…
Leading cryptocurrency exchange Binance has announced support for the Galxe (GAL) token swap, revaluation, and rebranding to Gravity (G). According to the official announcement, this transition involves several important dates and actions for users holding GAL tokens. Key Dates and Tasks At 03:00 (UTC) on July 15th, 2024, Binance will delist all existing GAL spot trading pairs, including GAL/.BitcoinCancel all GAL/USDT, GAL/TRY, and pending GAL spot trading orders. After that, trading for the new G/USDT and G/TRY pairs will open at 08:00 (UTC) on July 19, 2024. Deposits and Withdrawals Deposits and withdrawals of GAL…
Cryptocurrency markets have seen more than $665 million liquidated in the past 24 hours, with Bitcoin under massive selling pressure while Mt. Gox continues to move to pay out.Bitcoin Bitcoin -7.60% At the time of publication, it had fallen 7.4% over the last 24 hours to $54,422. Bitcoin price page on the block. The price drop occurred after a cryptocurrency exchange was closed. Moved about $2.7 billion worth of Bitcoin. We are preparing to make payments to our creditors starting early this month.A total of 230,541 traders were liquidated over the last 24 hours, bringing the total liquidation volume across…
A meme coin themed after Kamala Harris gained nearly 250% on Thursday, as pressure mounted on President Joe Biden to drop out of the presidential race following his poor debate with Donald Trump.According to Dex Screener, Kamala Horris (KAMA), a deliberately misspelled Solana token marketed with a crappy cartoon of the US Vice President, has seen its market cap increase from $3.5 million at the time of the June 27 debate to nearly $11.9 million.The price is down from its market cap all-time high of $22.2 million recorded on July 3.Citing seven senior sources from the Biden campaign, the White…
Binance, a major cryptocurrency exchange, recently announced that it will delist several margin trading pairs starting at 06:00 (UTC) on July 8, 2024.Details of deleted pairsThe affected pairs are:Cross Margin: DGB/BTC, TLM/BTCIsolated Margin: DGB/BTC, TLM/BTC, VOXEL/BTCAccording to the announcement, Binance will stop segregated margin borrowing for these pairs on July 7, 2024 at 06:00 (UTC). The delisting process includes closing users’ positions, performing auto-fills, and canceling all pending orders for the specified pairs. Users are advised to close positions and transfer assets from their margin wallet to their spot wallet before margin trading is suspended…
Bitcoin Bitcoin -7.36% The price fell below $57,000 after the cryptocurrency exchange Mt Gox closed on Thursday night. Almost 47,229 BTC moved (USD 2.71 billion) was transferred to another wallet address.The largest cryptocurrency fell 3.45% over the last 24 hours to trade at $56,851. Bitcoin price page on the blockAt approximately 8 p.m. ET, the now-defunct cryptocurrency exchange Mt Gox moved $2.71 billion worth of bitcoin from cold storage to an address.Cryptocurrency traders are watching Mt Gox’s payment updates closely. Movements made by the US and German governmentsIt is one of the countries with the largest holdings of Bitcoin.In late…