The Bitcoin halving was completed and dusted last Friday. The effects may eventually show signs. The first to be affected is Ethereum. Needless to say, this is speculation amid rampant volatility in the cryptocurrency market. Ethereum is trading below $3,200. Some analysts suggest that now could be the best moment to invest in Ethereum as its price is about to hit $4,000. This is supported by technical indicators such as the hourly MACD, which suggests that a bullish trend is coming for ETH. The initial resistance zone was marked at $3,150. It changed to $3,280. A move beyond that would…
Author: Crypto Flexs
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Bitcoin experienced significant gains during the first quarter of 2024, soaring by an impressive 68.50%. The rally was largely fueled by the introduction of spot Bitcoin exchange-traded funds, which attracted substantial inflows. This surge in Bitcoin’s value had a ripple effect, leading to sharp increases in various altcoins. However, investors are now grappling with the question of whether this rally will continue or if a correction is imminent. Looking ahead, the next major event on the horizon is Bitcoin’s halving, which is projected to occur in approximately 18 days. Historical data indicates that Bitcoin typically reaches a new all-time high…
As MakerDAO sells some of its tokens, the price of MKR decouples from ETH. On-chain and technical analysis suggests a rebound to $3,545 once the selling pressure stops. Over the past two weeks, certain multi-signature wallets linked to MakerDAO have moved $14.4 million worth of MKR to other exchanges. According to Spot On Chain, some of the platforms where the token landed were Binance (BNB), Coinbase, and Kraken. A multi-signature wallet is shorthand for a multi-signature wallet that serves as a storage option for your organization. To unlock your assets in this type of wallet, you need to manage more…
About freedom of speechMike Germano, President of Bitcoin Magazine, dared to post this rant with the following meme: Source: https://x.com/mikegermano/status/1773003239312503243?s=20 To all the haters out there, yes. Free discussion can also flourish in Bitcoin Magazine. Thank you for the opportunity to submit your objection to Ordinals. No permission is given to the author’s contributions, directed by technical editor Shinobi!About technical achievementsI appreciate Bitcoin Magazine editor Pete Rizzo’s post detailing the entire history of Bitcoin, but he is just as morally wrong on Ordinals as he was on the Ethereum Merge. Source: https://x.com/pete_rizzo_/status/1570383464360251398?s=20 While the merge was a great technological feat…
Sui Overflow Hackathon funding pool increases to $1,000,000 as new backers join – Chainwire housenewsroomAs new backers join, the Sui Overflow Hackathon funding pool will increase to $1,000,000. We use cookies to make your experience on Chainwire’s website better. 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 or access is…
Posted 1 minute ago In ~ The total supply of stablecoins pegged to the U.S. dollar appears to be trending toward previous all-time highs as new token issuances intensify competition. By the end of last week, the total supply of USD-pegged stablecoins reached $165 billion, the highest level for the token in nearly two years, according to The Block Data Dashboard. The expansion in stablecoin supply has been boosted by the rise in the market capitalization of Ethena’s “synthetic dollar”, or USDe, stablecoin, which has hovered around $2.4 billion in recent days.When the overall stablecoin market hit $165 billion last…
that much cryptocurrency market The second-largest cryptocurrency token by market capitalization has recently suffered from increased volatility. Ethereum (ETH), is not exempt. This makes it more difficult to determine Ethereum’s future trajectory. However, certain indicators indicate which direction the ETH price could head when this volatility subsides. Ethereum investors are optimistic data Coinglass shows you the most Ethereum Investors and traders remain optimistic about cryptocurrency tokens despite recent fluctuating prices. Notably, most of these traders have continued to open long positions in Ethereum, meaning they are betting that it will experience significant upside in the long term. Bullish sentiments about…
Geoff Kendrick, head of digital assets research at Standard Chartered, remains bullish on Bitcoin and his company has set a year-end price target of $150,000. “The price of Bitcoin could still more than double this year,” Kendrick said, according to Business Insider. Kendrick pointed out at BNN Bloomberg that Bitcoin (BTC) has recently faced a downturn, down 11% from its March high of around $73,000. He noted that “the decline is primarily due to slowing inflows into Bitcoin ETFs and heightened tensions in the Middle East,” which temporarily darkened markets. Despite these challenges, Kendrick remains confident in the market’s ability…
Cryptocurrency markets operate continuously and trade 24 hours a day, every day. In a similar vein, reports have emerged that the New York Stock Exchange (NYSE) is exploring the possibility of moving to 24/7 operation. NYSE’s data team surveyed investors and found (…)
Grand Cayman, Cayman Islands, April 22, 2024, Chainwire Alibaba Cloud, AngelHack, and dWallet are among the latest sponsors of the global event. Sui, a layer 1 blockchain with industry-leading performance and infinite horizontal scaling, has received funding for Sui Overflow, the first global virtual hackathon focused on building exciting products on Sui. This has doubled in recent weeks as passionate supporters donate funds. Initially set at $500,000, after receiving significant support from external backers, Sui Overflow’s funding pool swelled to $1,000,000. A sizable reward pool encourages builders from around the world to build their projects on the Sui Network and…