Bitcoin price began to rise steadily above the $62,500 resistance level. BTC is again struggling to clear the $64,500 and $65,000 resistance levels. Bitcoin is showing positive signs and faces a hurdle near $64,500. The price is trading above $62,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline with support at $62,800. The pair may have trouble breaking the resistance levels of $64,500 and $65,000. Bitcoin price faces resistance Bitcoin price found support near $56,500 and began a significant rise. There was a clear move above…
Author: Crypto Flexs
Read More
Whales have amassed $9 million worth of ERC-20 tokens. Pepe and LINK showed more positive price trends than UNI. Significant whale accumulation has been recently seen in Pepe (PEPE), Uniswap (UNI), and Chainlink (LINK). While UNI showed a clear price trend, PEPE and LINK showed similar price movements. Another thing these assets have in common is that they are all ERC-20 tokens. Sustained accumulation and price trends are considered bullish signals that could impact the Ethereum (ETH) network. Whales Accumulate Pepe, Chainlink, and Uniswap According to data from Look on chainWhales engaged in significant accumulation activity on May 4th, acquiring…
Bitcoin’s most popular testnet is in dire need of a reboot due to a “block storm” and projects that could charge users for testnet Bitcoin (TBTC), said the co-founder of Bitcoin storage company Casa. Jameson Lopp said:In a May 4 essay titled “The Sorrows of Bitcoin’s Testnet,” Lopp wrote that the Bitcoin Testnet (TBTC) has crashed in part due to ongoing “block storms” caused by the testnet’s unique consensus mechanism. It was argued that it should be reset to . The Bitcoin mainnet produces an average of 144 blocks per day, but the testnet, which has “slightly different consensus rules,”…
ETFswap (ETFS) is reshaping the way the cryptocurrency industry interacts with spot Bitcoin ETFs through asset tokenization, sparking massive demand for token presales. With the U.S. Security and Exchange Commission (SEC) approving the first spot Bitcoin ETF in January 2024, the industry will be able to attract new investments from new investors. However, the Spot Bitcoin ETF has access to deep pockets of the cryptocurrency industry rather than just members of the broader cryptocurrency community. Thankfully, ETF Swap (ETFS) By allowing anyone in the cryptocurrency industry to invest in Spot Bitcoin ETFs and other related products, we are reshaping the…
May 5: hour, founder of Volta Circuit, a multi-signature non-custodial platform for institutional investors to secure digital assets, has secured $4.1 million in seed funding from Fika Ventures and Haven Ventures, along with backing from Soma Capital, Dispersion Capital, and Uphonest Capital. According to a press release, “Volta Circuit embraces open signature standards, making the platform wallet-agnostic. This feature allows rules and permission controls to be integrated into any wallet, allowing users to create wallet solutions based on their preferences. It gives you the flexibility to customize it,” the press release said. Volta was co-founded by George Melika, who previously…
The cryptocurrency market has been hit hard by the recent storm, with many altcoins seeing significant price drops. However, XRP appears to be weathering the storm with a defiant attitude. Although the price has fallen, on-chain data shows interesting trends that offer potential hope for XRP investors. Increasing XRP Accumulation: Diamond Hands or Whale Whispers? Despite the price decline, a surprising trend has emerged. The number of investors holding between 10 and 1 million XRP tokens has actually increased by 0.20% over the past month, according to data from Santiment. This could mean that there is a growing population of…
index One trader’s prediction can make a big difference in the cryptocurrency market. The same goes for Solana (SOL), which suffered a massive decline in 2022, plummeting from an all-time high of $259 to a dismal low of $8. While many investors gave up on SOL, one astute trader saw opportunity in the chaos. The trader, who charged SOL at $16, remains steadfast in his belief that layer-1 blockchains still harbor enormous unrealized potential. Their conviction paid off in a big way in 2023 when Solana staged a remarkable recovery, surging 900% to $116. The trader’s perfectly timed investments generated…
April 30th What is railgun (RAIL)? Post time: 14:58h education by admin Railgun is a privacy-focused protocol built on the Ethereum blockchain, leveraging zero-knowledge (ZK) encryption to secure the blockchain of the user’s choice while enabling private transactions within smart contracts and decentralized finance (DeFi) applications. Makes transactions possible. Designed to work across multiple platforms, including Ethereum, BSC, Polygon, and Arbitrum, Railgun allows users to secure their tokens to private addresses, conduct anonymous transactions, and interact with DeFi services while maintaining complete privacy. Cryptocurrency Privacy Crackdown Also Includes Web3 The recent crackdown on privacy-focused cryptocurrency services, including the arrest of…
Over the past 30 days, Fetch.ai (FET) has been on a strong run, boosting its market cap to over $2 billion with no signs of stopping anytime soon. Meanwhile, an AI and cryptocurrency investment expert advised that ETFSwap (ETFS) will be the next cryptocurrency to have such a rally in a bull market. This market analysis predicts that ETFSwap (EFTS), with its unique utility, will make a name for itself and become a major investment opportunity for investors. EFTSwap (ETFS) is a no-brainer as a utility-backed token, as large investors known as whales advocate for massive capital diffusion towards new…
Yong Rong HK Asset Management emerged as the top holder of the BlackRock Bitcoin ETF, investing $38 million. Ovata has emerged as the largest buyer of the Bitcoin ETF market, investing $74 million in various funds. Amidst market dynamics, Bitcoin price has surpassed $61,000, indicating resilience and potential. Yong Rong HK Asset Management Ltd, a prominent Hong Kong-based investment firm, has emerged as a major investor in the BlackRock iShares Bitcoin ETF (IBIT). According to Bloomberg analyst Eric Balchunas, the company made a significant investment of $38 million in IBIT, securing its position as the largest holder of the Bitcoin…