Bitcoin Cash (BCH) price is heading toward recovery with only one barrier standing in its way. This resistance can be nullified with the help of investors who can return to BCH. Bitcoin Cash Is Ideal for Accumulation Bitcoin Cash is trading above $500, but has failed to break $513 in the past few days. This may now change as the market value to market value (MVRV) ratios of altcoins are in the opportunity zone. MVRV ratio monitors investors’ profits and losses. Accumulation may occur as Bitcoin Cash’s 30-day MVRV is -17%, implying a loss. Historically, BCH has witnessed recoveries from…
Author: Crypto Flexs
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According to Ali Martinez, MATIC’s key indicators presented a buying opportunity. There is still a lot of bearish sentiment in the token market. Crypto analyst Ali Martinez said the Market Value to Realized Value (MVRV) ratio of Polygon’s native token MATIC has sent a buy signal. post to (formerly Twitter). According to the analyst, the token’s MVRV ratio evaluated against various moving averages returned negative values. sugar of santiment According to the data, at the time of writing, MATIC’s 30-day and 365-day moving average MVRV ratios were -10.11% and 11.99%, respectively. The MVRV ratio tracks the ratio between the current…
The Central Bank of Nigeria (CBN) has rejected a letter that reportedly instructed financial institutions to cut ties with four global cryptocurrency exchanges. The central bank said the letter did not originate from the central bank’s offices and advised individuals interested in “genuine updates” to refer to the central bank’s official website. Fake content central bank (…)
Bitcoin bulls are nearing a liquidity call, the adoption of which could overcome major resistance and enable BTC price discovery.
Are you running a party? Bitcoin’s “halving”, which takes place once every four years, was expected to have the following consequences: Cryptocurrency miners’ profits plummet, because the reward for new data blocks is reduced by 50%. Instead, Casey Rodarmor’s new work will be released simultaneously. Rune Protocol – When you issue a digital token on top of the oldest and largest blockchain – it becomes wildly popular, causing massive network congestion, sending transaction fees to record levels and giving Bitcoin miners a windfall like never before. I gave it to you. At half life watch party Hosted by Tone Vays,…
Cryptocurrency markets continue to struggle with volatility, and XRP is no exception. After a promising start to the year, the price of XRP has reflected a broader market downturn triggered by Bitcoin’s correction. But even amid the bearish sentiment, a different story is unfolding underwater. The story involves deep-pocketed investors, or “whales,” accumulating altcoins over a significant period of time. XRP whales accumulate millions despite price decline While the price of XRP has fallen significantly from its March highs, whale addresses have continued to quietly buy. The number of addresses holding between 10 and 100 million XRP has been steadily…
Dubai, United Arab Emirates, April 24, 2024, Chainwire Powered by Bandit Network and Brave Ads, “Yoki Origins” marks a significant milestone in Web3 adoption by introducing a gamified and rewarding experience for Astar zkEVM users. Bandit Network, a leading provider of white label quest solutions with the Points SDK, is proud to announce its collaboration with Astar Network to support the ongoing “Yoki Origins” journey. Launched on March 8, this innovative user onboarding journey coincides with the mainnet launch of Astar zkEVM, a layer 2 scaling solution for Ethereum. This collaboration represents an important milestone in the evolution of Web3…
According to credit rating agency S&P Global Ratings, passage of the latest stablecoin bill submitted to the Senate could give banks a boost in entering the stablecoin market.that much Lummis-Gillibrand Payment Stablecoin Law, introduction Last week, Sens. Cynthia Lummis, R-Wyo., and Kirsten Gillibrand, R-DY, will seek to clarify regulations that “should encourage banks to enter the stablecoin market,” the rating agency said. memo On Wednesday. However, Tether would not be accepted under the proposed law, which could reduce demand for stablecoins based outside the United States.“Approval of the stablecoin bill will accelerate institutional blockchain innovation, particularly for tokenization or digital…
Analysts cite classic trading patterns and the growth of the altcoin total market capitalization index as evidence of the upcoming altcoin season.
The new Bitcoin computational framework aims to power a variety of applications and functions using native BTC, including token bridges and aggregator oracles.