Traders following the bottom of the Bitcoin bear market in 2018 believe that the most recent correction has positioned BTC to hit new all-time highs. Top analyst Bluntz told his 255,000 followers on social media platform Traders use the Elliott Wave theory, which states that bullish assets often witness new gains after a three-part ABC correction. Blunts says: “We got cleaned up. I think that’s the lowest. BTC.” source: Blunts/X Looking at the trader’s chart, he appears to be hinting that BTC will rise to a new high of $82,228. As of this writing, BTC is worth $63,535. Traders are…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage The cryptocurrency market is in the most vulnerable state investors have seen in recent times. Traders with open positions in major cryptocurrencies and several altcoins have lost millions of dollars due to liquidations in the last 48 hours. Therefore, uncertainty is widespread in the cryptocurrency market. However, the market is witnessing the resilience of some assets as their prices move against the overall market outlook. In this article, DEXTools analyzes the most popular cryptocurrency coins to provide insight into current market trends. DEXTools’ most popular cryptocurrency…
Cryptocurrency prices plummeted on Sunday, April 14, as the conflict between Iran and Israel intensified. Last week, the Securities and Exchange Commission sent Uniswap a notice of Wells’ intention to sue the exchange amid heightened regulatory efforts. Meanwhile, FTX founder Sam Bankman-Fried is seeking to appeal his sentence. the calm before the storm Cryptocurrency markets had a favorable start to the week on April 8, with global cryptocurrency market capitalization surging 3.6% to a three-month high of $2.62 trillion, while Bitcoin (BTC) closed at $72,000 after a 3% surge. The dollar price threshold has been regained. BTC reached an all-time…
Posted 1 minute ago In ~ While cryptocurrency prices have recovered modestly following yesterday’s sharp sell-off, liquidation volume in the Ethereum lending market has already reached its highest monthly value in years. Even though April is not even half over. According to The Block’s data dashboard, lending protocol Aave accounts for the majority of liquidations, with about $80 million in liquidations and Compound’s liquidations accounting for about $50 million. The last month with higher liquidations was June 2022, the month after the collapse of the $40 billion Terra ecosystem. According to Colin Wu, the crash in CRV prices also put…
Ethereum’s current reliance on Proof-of-Work (PoW) mining is not ideal, and while we work hard toward a Proof-of-Stake (PoS) solution, we need to use PoW as elegantly as possible (at least until the final transition occurs). ). !). Meanwhile, mining decentralization and diversity are essential for the overall network health. (caption id=”attachment_2623″ align=”alignnone” width=”622″) Mining pool diversity from March 28th https://etherchain.org/statistics/miners(/title) Although there is some cases The available open source Ethereum pool mining software has been underutilized and there appears to be a wide efficiency gap between proprietary and available open source pool software. We propose to change that. As…
Despite a busy and successful week, Polkadot (DOT) posted another loss. Polkadot (DOT) has had its busiest week yet, reaching a record 600,000 active addresses and potentially securing a sponsorship deal for the upcoming Paris Olympic Games. Despite record numbers of active addresses and sponsorship potential, the network is down 3% in the last 24 hours. Cryptocurrency Market Rebound: Polkadot Price Analysis After witnessing significant gains and hitting new all-time highs across the board, most cryptocurrency markets are abuzz with anticipation of the next Bitcoin halving. Cryptocurrency markets took a huge hit this week, with numerous altcoins seeing double-digit declines…
Lido’s market dominance fell to its lowest point last year. This protocol has been shown to significantly increase withdrawals. The market share of Lido Finance (LDO), a liquid staking protocol, in the Ethereum staking market fell to its lowest level in a year. According to the Dune Analytics dashboard, the percentage of ETH deposited into the beacon chain via the Lido middleware was 29.1% at press time. The last time it was below 30% was in February 2023. Source: Sand Analysis On a year-to-date (YTD) basis, Lido’s market share has decreased by 8%. This decline is due to a surge…
The world of cryptocurrency is a difficult journey. Opinions about Bitcoin’s future are spread all over the world, with some experts being optimistic and others being bearish. Bitcoin is currently hovering around $64,000, and no one can agree on where it will head next. Cryptocurrency: A Story of Bullish Optimism Adam Back, CEO of Blockstream, is firmly in the camp of bullish optimism. In his view, Bitcoin’s current price is “very cheap,” suggesting its true value may not yet be fully appreciated by the broader market. The bull was right. #Bitcoin It’s very cheap here (and much cheaper last August).…
Tether CEO Paolo Ardoino confirmed that a $500 million Bitcoin mining project across Latin America is nearly complete. The post Tether’s $500 Million Bitcoin Mining Project Nears Final Stage Ahead of Halving appeared first on Crypto Briefing.
The days of world-famous athletes promoting cryptocurrency exchanges have yet to return following the collapse of FTX (and a class action lawsuit against some of its promoters), but several stories from this weekend suggest that the world of athletics and cryptocurrency may be. do. Get closer again. Last Saturday, Tyler and Cameron Winklevoss, co-founders of the Gemini exchange, announced that they had invested $4.5 million worth of Bitcoin in Real Bedford FC, a soccer club owned by Peter McCormack, host of the popular podcast What Bitcoin Did. The Winklevoss twins will take on co-ownership roles alongside McCormack, who purchased the…