Ethereum price extended its downward correction below the $3,800 support level. ETH is currently approaching the $3,720 support and may target a new increase. Ethereum extended its downtrend after failing to stay above the $3,880 area. The price is trading below $3,880 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming at resistance $3,800. A break above the support level of $3,720 could lead to the pair continuing to fall. Ethereum price falls further Ethereum price, like Bitcoin, began a downward correction below the $3,880 support zone. ETH…
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In the dynamic world of cryptocurrencies, Memecoin has recently emerged as a major player dominating the open interest charts with notable traction. Typically characterized by a humorous or thematic basis, Memecoins are no longer just social tokens. They have now become significant financial assets that influence market dynamics.Open interest chart. Source: CoinglassUnderstanding open interest in the cryptocurrency marketOpen interest (OI) represents the total number of outstanding derivative contracts, such as futures, that have not yet settled. For each futures contract, the contract is marked as ‘open’ until the corresponding buyer and seller are matched and the contract is settled. OI…
Binance Academy has launched a new initiative to educate users about non-fungible tokens (NFTs). According to an official announcement on the Binance website, the Academy will introduce an ‘NFT Deep Dive’ course where verified users can share $5,000 in NFT trading fee rebate vouchers. Activity details The new activity is set to run from 09:00 UTC on May 30, 2024 until 09:00 UTC on June 6, 2024. The first 1,000 eligible users who complete the course and associated quizzes during this period will each receive a $5 NFT transaction fee rebate voucher. How to Participate…
join us telegram A channel to stay up to date on breaking news coverage Meme Ai price is up 29% in the last 24 hours, trading at $0.008919 as of 1:35 AM ET. With this surge, MEMEAI price is facing resistance due to the downward trend line of the Fibonacci indicator. This surge follows the announcement that the MEMEAI chain is scheduled to launch in June. This launch will bring an EVM-compatible layer 2 (L2) solution to the market and is expected to enhance the Meme Ai ecosystem through scalability, security, and smart contract capabilities. Meet MEMEAI CHAIN: scheduled to…
Share this article For Vanguard, cryptocurrency assets such as Bitcoin and Ethereum are “closer to speculation than investments,” and chasing speculative assets will never be the fund’s investment philosophy. no doubt Vanguard speaks constantly. I am opposed to Bitcoin Exchange Traded Funds (ETFs). Ethereum ETF is no exception.Earlier this month, Vanguard reportedly named former BlackRock ETF head Salim Ramji as its next CEO. The switch, scheduled for July, has sparked speculation that the fund will revise its stance on cryptocurrency-related investment products.However, Ramji made it clear that the fund will not subscribe to Bitcoin. ETF and Brokerage platform refuses to…
How Ethereum Could Shard the Web Considering the state of the 25-year-old web and all the problems inherited from legacy 1970s system designs, we should pause and take inventory of the components that are fundamentally broken and could provide a significant return on our development investment. Intersecting these concerns with security, privacy, and censorship resistance, A full-scale attack on the Internet infrastructure is already underway.. As netizens, we have a shared responsibility to explore, utilize, and implement new technologies that benefit creators, not oppressors. Encryption technology initially allowed messages to be protected from prying eyes, but it is increasingly being…
Funding • May 30, 2024 1:42 AM EDT Posted 1 minute ago In ~ The U.S. spot Bitcoin exchange-traded fund (ETF) recorded net inflows totaling $28.32 million per day on Wednesday. The funds recorded inflows for the 12th consecutive day, the longest streak since the last week of February.The inflows were led by BlackRock’s IBIT, which saw inflows worth $24.5 million, according to IBIT. data From SoSoValue. Grayscale’s GBTC recorded net outflows of $31 million. This further widened the gap between IBIT and GBTC. The former surpassed its spot as the largest Bitcoin ETF by net assets under management on…
AVAX is consolidating with prices between MA50 and MA200. Lacking strong momentum, it remains in the neutral zone, with support likely to drop lower as bearish pressure strengthens. Once again, Avalanche (AVAX) is in the doldrums due to price action. AVAX was little moved as the broader market faced a slight correction and Bitcoin and Ethereum lost some of their gains. There was a balanced order between the bulls and bears, with neither side having complete control. However, in the current trading activity, bears may slowly gain the upper hand. Analysis of current trading activity for AVAX/USDt chartWe observe that…
Bitcoin price continued its downward trend below the $68,000 level. BTC is now slowly falling towards the $66,250 support area in the near-term. Bitcoin extended its downward correction below $68,000. The price is trading below $68,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $67,900. Unless the price closes above the $68,500 level, the pair could continue to fall. Bitcoin price falls further Bitcoin price extended its downward correction below the $69,000 level. BTC declines could push the price below the $68,000 support.…
Analysts expect the value of Dogwifhat (WIF), a meme coin with an adorable dog mascot, to soar to a whopping $6.7. Related Reading advertising Dogwifhat: Recent Performance Sparks Bullish Momentum WIF has defied the odds in recent weeks, leaving its competitors in a difficult position. In the last seven days alone, the price has surged nearly 20%, with an even more impressive 30% growth in the last month. This upward trajectory has sparked optimism within the cryptocurrency community, with many investors wagging their tails in hopes of further gains. Overcoming key barriers Renowned cryptocurrency analyst Alex Clay is not shy…