The price of Bitcoin (BTC) has rebounded more than 12.50%, surpassing $64,000 on May 4, just three days after hitting a two-month low of around $56,550.BTC/USD daily price chart. Source: TradingViewThis resurgence has been largely fueled by the US Federal Reserve’s promise to keep interest rates unchanged throughout 2024. Additionally, positive US employment data showing unemployment claims falling to their lowest level since mid-February further supported Bitcoin’s continued price recovery.Is Bitcoin likely to continue its upward trend, or are we expecting another downtrend?Potential to retest $60,000 supportIn terms of price chart technicals, it is likely that Bitcoin will undergo some…
Author: Crypto Flexs
Read More
Zurich, Switzerland, May 3, 2024, Chainwire Galaxis is preparing to launch its token on Bybit this month, with the first phase launching through an IDO. To further enhance this launch, Galaxis has announced a significant $1,000,000 Community Creator and Community Member Grant Program. This initiative encourages both community creators and members to actively participate in the Galaxis ecosystem. Known for its partnerships with Mike Tyson, Steve Aoki, and the NBA, Galaxis fosters the Web3 creator movement by providing a platform for creators to profit from their work. A distinctive feature of the platform is custom membership cards. This card is…
On Wednesday, ETH, its native coin, was minted. Ethereum The blockchain experienced significant rejection at the $2,871 resistance level. Following this rejection, the price of Ethereum has shown significant gains of over 9% and is showing signs of rising further. At the time of writing, the price is still showing strong signs of rising towards the 100-day simple moving average (SMA) and trendline on both the 4-hour and 1-day time frames. The price of ETH is currently trading around $3,116 and is up about 0.47% over the last 24 hours. Take a closer look at the Ethereum charts with the…
Railgun researchers say U.S. regulators and prosecutors have not launched a campaign against cryptocurrency privacy protocols and are generally positive and genuinely interested in understanding developments in the broader cryptocurrency market. Railgun researcher and advocate Alan Scott Jr recently reported that U.S. senators and intelligence agencies are not opposed to privacy-focused encryption protocols. These comments come after US agencies recently implemented a tough crackdown on several privacy platforms and cryptocurrency mixers. Speaking at ETH Global in Sydney on Thursday May 2, Scott said he had recently spoken to senators and the FBI in Washington DC. But he didn’t find any…
While the cryptocurrency market is experiencing a cooling off, one meme coin is refusing to let in the cold. PEPE, the internet’s famous frog-adorned token, has defied a recent bearish trend with a surge in price and trading activity. This resilience has fueled speculation about a potential “bullish breakout” in the coming days, with some analysts predicting astronomical gains. PEPE withstands the storm. While Bitcoin and Ethereum have taken a breather in recent weeks, PEPE has shown surprising strength. PEPE, unlike its more established competitors, has not succumbed to the broader market cooling. In fact, meme coins are up slightly…
Bitcoin (BTC) rose to $64,500 on May 4 as after-hours trading led to fresh BTC price gains.BTC/USD 1-hour chart. Source: TradingViewBitcoin volatility rises as the weekend beginsBitstamp saw a new local high of $64,522 in May, according to data from Cointelegraph Markets Pro and TradingView.Strength in U.S. employment data accelerated the daily close, encouraging signs of recovery in the cryptocurrency market, including the first inflows into Grayscale Bitcoin Trust (GBTC) in nearly three months.BTC/USD is up 5% month-over-month as of this writing, according to data from monitoring resource CoinGlass, compared to a 15% loss already in April.BTC/USD monthly returns (screenshot).…
A closely followed cryptocurrency strategist is updating his outlook for hot altcoins amid a cryptocurrency market correction. Pseudonymous analyst Altcoin Sherpa says The 215,800 followers of social media platform “ONDO: Still one of the best performing coins and remains at the top. He is still the leader of RWA today. I think this looks strong. But it’s not a very active trade. “For now, it’s better to just buy and hold.” Source: Altcoin Sherpa/X ONDO is trading at $0.839 at the time of this writing, up more than 920% from its low of $0.082 on January 18th of this year.…
May 4th Scheduled Maintenance: Platform Downtime on May 5, 2024 Post time: 09:20h announcement by admin The Bitfinex trading platform will go offline for a limited time on May 5, 2024, while scheduled maintenance upgrades take place to improve the stability and scalability of Bitfinex infrastructure. Maintenance upgrades begin at approximately 9:30 AM (UTC) and last 2 to 3 hours. All trading on Bitfinex will be suspended during the maintenance period. Traders cannot log into their accounts, view or access their wallets and funds, and cannot execute trades.Exact maintenance start times are approximate and subject to change. We recommend that…
Binance, the world’s leading cryptocurrency exchange, has launched its OM Locked Staking product offering APRs of up to 19.9%. This announcement was made on the Binance website on September 17, 2021. The launch of OM Locked Staking is part of Binance’s ongoing efforts to provide users with more ways to earn money from their cryptocurrency holdings. The new product allows Binance users to stake OM tokens, the native token of MANTRA DAO. Decentralized Finance (DeFi) platform. According to the announcement, the staking period for OM locked staking is 15 days and the minimum staking amount…
Investors are looking for the next big thing, NuggetRush, which is listed on Uniswap. BlockDAG X1 is redefining the cryptocurrency market with the imminent launch of its mobile mining app and incredible pre-sale success of $22.6 million. As we prepare to launch the app on June 1, we have expanded investment opportunities by accepting various cryptocurrencies. Meanwhile, P2P platform NuggetRush also made waves with its listing, although it is struggling to keep up with BlockDAG’s momentum. BlockDAG has an edge with its pre-sale and advanced payment options. BlockDAG’s market presence is stronger than ever following its Shibuya keynote, where it…