Bitcoin price is consolidating above the $64,000 level. BTC could follow Ethereum and attempt a recovery if it clears the $65,650 resistance area. Bitcoin began a small recovery above the $65,000 level. The price is trading below $65,500 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), there is a short-term contraction triangle forming with resistance at $65,400. A break above the $65,400 and $65,650 resistance levels could signal a recovery. Bitcoin price faces resistance Bitcoin price extended losses and traded below the $65,000 level. BTC also tested the $64,000 zone.…
Author: Crypto Flexs
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A significant number of short Bitcoin positions are at risk of being wiped out if the price of Bitcoin reverts to $70,000, a level it has not reached in the past 12 days. According to data from CoinGlass, if Bitcoin rises again to this price range, a staggering $1.67 billion in short positions will face liquidation.Increased Liquidations and Market SentimentBitcoin, which has been trading below $70,000 since June 8, is currently trading at $66,251. According to Tradeview, if Bitcoin rises 7.46% from current levels, it will reach the $70,000 level. Over the past week, Bitcoin has fallen 3.23% (1), adding…
bitcoin BTC +1.34% Mined reserves have plummeted to lows not seen since 2021, according to CryptoQuant data.Miner holdings represent the amount of Bitcoin held by an affiliated miner’s wallet, and its value represents the holdings that the miner has not yet sold. According to the data, miners’ current holdings are about 1.87 million bitcoins, up from about 1.82 million since the start of the year. Miner reserves have fallen to their lowest level in years. Image: CryptoQuant. Once miners start selling, supply will increase and demand for digital assets will likely cause prices to fall. However, according to a CryptoQuant…
According to Binance, to enhance market liquidity and improve the overall trading experience, Binance will implement tick size adjustments for certain spot trading pairs until 05:00 on June 27, 2024 (UTC). Adjustment Details The tick size, which represents the minimum change in the unit price of a trading pair, is updated to promote better trading conditions. These adjustments are part of Binance’s ongoing efforts to optimize its trading platform for its users. Notably, this change does not affect spot trading and other related features. Additionally, the tick size via API is also updated. We recommend…
Martin Shkreli, also known as “Pharma Bro,” now claims that Donald Trump’s 18-year-old son Barron Trump launched the TrumpCoin (DJT) token with his father’s approval and holds the private key to the smart contract address.Shkreli, who has been in prison for more than six years for securities fraud, claimed that Barron Trump approached him in April about launching a Solana-based token. According to Birdseye data, the token is currently worth $146 million. Neither Barron Trump nor his representatives have made any public statements on the matter.On X Spaces, hosted by Mario Nawfal, Shkreli claimed that he only advised his “friend”…
In the past, there have been football-themed slots. But Booming has taken an interesting new approach by striking a deal with Ronaldinho to feature the Brazilian superstar in a series of slots games. These types of contracts with sports stars are often seen in the world of sports betting, but I don’t think we’ve ever seen anything like this in the general casino industry. In my eyes, the fact that it’s Ronaldinho seems to work in Booming’s favor. The Brazilian player might be my favorite soccer player. His world debut at the 2002 World Cup, when he beat Seaman to…
On-chain sleuth ZachXBT exposed Martin Shkreli, popularly known as “Pharma Bro,” as the creator of a new Solana-based meme coin called TrumpCoin (DJT). On June 19, Arkham Intelligence announced a $150,000 reward for exposing DJT distributors. Hours later, ZachXBT claims Shkreli is the creator of the meme coin after he sent a “panic” message to on-chain investigators. For those of you who are confused and need some additional context. Earlier today, Arkham announced a $150,000 reward for the identity of DJT’s creator.11:49 pm UTC I reply to Arkham that I have submitted a bounty.11:57 PM UTC Martin Shkreli Panic DM…
Amid significant regulatory changes, the U.S. Securities and Exchange Commission (SEC) Partially approved The long-awaited Ethereum ETF filing was filed three weeks ago by prominent asset managers, including BlackRock and Grayscale. SEC Chairman Gary Gensler has expressed his full approval for these Ethereum ETFs. That could come by the end of the summer, providing much-needed clarity to investors eagerly awaiting this decision. A Senate hearing revealed the possibility of approval of an Ethereum ETF. At a Senate Banking Committee hearing Thursday, Chairman Gensler said: respond to queries Senator Bill Hagerty has expressed his belief that a spot Ethereum ETF will…
Aayush Jindal is a financial market expert with over 15 years of exceptional expertise in Forex and Cryptocurrency trading. Known for his excellence in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors across the world, guiding them through the complex landscape of modern finance through keen insight and astute chart analysis. From an early age, Aayush showed a natural talent for deciphering complex systems and unraveling patterns. Driven by his insatiable curiosity to understand market dynamics, he embarked on a journey that would lead him to become a leading authority in the field of…
A wind of change is blowing in the Ethereum (ETH) ecosystem. Despite tentative signs of recovery following the recent plunge, prices have struggled to remain flat over the past 30 days. Additionally, an even more interesting trend has emerged: the massive exodus of ETH from cryptocurrency exchanges. This movement, characterized by reduced foreign exchange supply and net outflows, has potentially optimistic implications for analysts. Related Read: Bitcoin Controls Market Crash, Dominance Rises to 9-Week High Dwindling Inventories: Exchanges Under Pressure For years, cryptocurrency exchanges have been the lifeblood of the digital asset market. They provide a platform for buying, selling,…