Ethereum (ETH), which rebounded as high as $3,972 following the approval of the Ethereum Spot Exchange Traded Fund (ETF), underperformed Bitcoin and the broader cryptocurrency market last week, down 10%, and traders are betting on altcoins. The downward trend is questionable. It’s done.Considering this, the price of Bitcoin (BTC) fell 6% during the same period, while the overall cryptocurrency market capitalization fell 5.3%.A number of market and technical indicators show that ETH may witness a deeper correction before making another recovery attempt.ETH//USD daily chart. Source: TradingViewThe ETH/BTC ratio has been trending downward over the past week.Ethereum is down 10% over…
Author: Crypto Flexs
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Bitcoin has seen the asset price fall below $67,000 over the past day. The historical support levels the asset may visit next are: Bitcoin is now not far from short-term holder realized price. As analyst James Van Straten pointed out in a post on “Realized price” here refers to an on-chain metric that tracks the cost basis of the average investor in the BTC market. This indicator is based on the “realization limit” model of cryptocurrencies. Related Reading If the spot price of an asset is higher than the realized price, this means the investor is currently holding on to…
Gateway.fm Appoints New CSO/CCO/Co-Founder Pradeep Singh on Mission to Expand and Democratize Access to Web3 Infrastructure – Chainwire housenewsroomGateway.fm appoints new CSO/CCO/Co-founder Pradeep Singh with mission to democratize access to Web3 infrastructure We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage…
With less than 5 months left, we are entering a hot phase ahead of Devcon! that much Supporter Program, Impact Forumand Devcon Scholar It’s already out and Devcon tickets are getting closer to release. Today I’m sharing details on how to get Devcon tickets. Additionally, Devcon SEA’s programming track will be released! summary: we have two mainly Update for you today! Programming tracks are available live.Ticketing types and timelines are provided in real time. 🎤 Programming Timeline and Tracks Speaker applications open July 9th. You can now check out the different programming tracks. Devcon covers important topics and topics in…
Special Offer • June 11, 2024 2:59 PM EDT Posted 1 minute ago In ~ Episode 34 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and DACFP founder Ric Edelman.Listen below and subscribe to The Scoop on YouTube. apologize, spotify, Google Podcasts, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).Ric Edelman is the founder of the Digital Assets Council of Financial Professionals (DACFP).In this episode, Edelman discusses the importance of financial advisors in the cryptocurrency industry and highlights the need for advisors to understand and embrace…
FLOKI introduces a name service to create digital identities for holders. The tiered Web3 domain name system serves as a utility enhancement for FLOKI. FLOKI encountered a massive support cluster at $0.00024 during a market correction. FLOKI, a BNB chain-based meme coin, has continued to make remarkable progress, posting an average annual return of 1,031% since last year. It has made a name for itself with a wide range of trademarked products, including the Valhalla metaverse game and a dual staking system linked to Real World Assets (RWA). However, FLOKI’s Cinderella story was derailed by unstable market conditions triggered by…
Worldcoin’s token price continues to fall amid a lengthy suspension in Spain over privacy concerns. ApeCoin, on the other hand, showed volatility with a potential ROI of just 0.80%, making investors wary. However, BlockDAG stood out with the recent launch of Keynote 2, celebrating a 1120% price increase in batch 18 and surging presale value to $48.8 million. Keynote 2 highlights key technological advancements along with the miner’s mining capabilities and predicts daily revenue to grow to $5 million, making BlockDAG a promising investment. Worldcoin Token Price: Challenges and Uncertainties Worldcoin (WLD) recently faced serious problems in Spain, with operations…
Singapore Singapore City, June 11, 2024, Chainwire SubQuery Network, a Web3 infrastructure provider, announced the launch of two new RPCs for the Polkadot ecosystem. Available on Polkadot and Kusama, it is the first decentralized RPC available on a substrate-based network. SubQuery provides web3 infrastructure for nearly 200 networks. The SubQuery Network is a globally distributed network of distributed indexers and RPC providers. This allows dapps to access blockchain data quickly and reliably on demand without introducing a centralized point of control. Teams built on Polkadot and Kusama can now take advantage of SubQuery’s distributed remote procedure call (RPC) node after…
BitMEX, a leading cryptocurrency derivatives exchange, announced the introduction of IOUSDT, a new perpetual swap listing that will be available for trading starting June 12, 2024 at 04:00 UTC. According to the BitMEX blog, this new listing will give traders the opportunity to leverage their positions by up to 10x. IOUSDT Perpetual Swap Details The IOUSDT perpetual swap is designed to track the USDT price, providing traders with a new avenue for speculation and hedging. The contract will begin trading based on index components, and BitMEX has promised to notify all traders through site announcements…
Bitcoin is, by all accounts, still a nascent protocol. This period of adolescence can be said to be more formative than any other period in our short history. Because the stakes are already quite high for groundbreaking projects that have been tested and grown for less than 20 years. As we’ve watched new investors, developers, users, and marketers flock to Bitcoin over the past 18 months, the fundamental reasons why the so-called Bitcoin Renaissance is so important seem to have taken a backseat. During this time, I received numerous questions like “What do you think about this new L2?” or…