Ethereum price began another decline, trading below $3,000. To avoid a major decline, ETH needs to stay above the $2,800 and $2,850 support levels. Ethereum began another decline and tested the $2,900 area. The price is trading below $3,120 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bearish trend line connected to the resistance at $3,120. A break below the $2,850 support could continue the decline for the currency pair. Ethereum price plummets again Ethereum price struggled to gain speed above the $3,250 level and began another Bitcoin-like decline. ETH was…
Author: Crypto Flexs
Read More
Former Binance CEO Changpeng Zhao was sentenced to four months in prison in Seattle on Tuesday after pleading guilty to violating anti-money laundering laws.At his sentencing hearing Tuesday, Zhao apologized and said he wanted to take responsibility for his “mistakes.” He also said Binance has implemented know-your-customer and anti-money laundering programs and is cooperating with the government, as reported by The Verge.The prosecution is investigating 36 months Zhao was jailed and said he and his exchange targeted American users and intentionally violated U.S. law. “Zhao’s willful violation of U.S. law was neither accidental nor accidental,” prosecutors said in a previous…
Polkadot (DOT) is showing bearish signs below the $8 resistance level against the US dollar. If the price fails to stay above $6.00, the decline could be prolonged. DOT is pacing below the $8.80 and $8.00 levels against the US dollar. The price is trading below the $7.20 area and the 100 simple moving average (4-hours). On the 4-hours chart of the DOT/USD pair, there is a major bearish trend line forming at resistance $6.50 (data source from Kraken). The pair may continue to decline towards the $5.00 support zone. Polkadot price decline resumes After a steady rise, DOT price…
Cryptocurrency analytics firm Santiment believes that Ethereum (ETH) and altcoins associated with top smart contract platforms will alienate many traders. Santiment said he is keeping a close eye on Ethereum’s average transaction fees, which have plummeted to their lowest level since October 18, 2023. According to the analytics firm, falling gas prices are a sure sign that Ethereum is bottoming. “Ethereum’s average fee level was just $1.12 per network transaction, the lowest average daily cost since October 18. Traders historically move between sentimental cycles where they feel a cryptocurrency is ‘reaching the moon’ and sentimental cycles where they feel ‘it’s…
Polkadot (DOT) is showing bearish signs below the $8 resistance level against the US dollar. If the price fails to stay above $6.00, the decline could be prolonged. DOT is pacing below the $8.80 and $8.00 levels against the US dollar. The price is trading below the $7.20 area and the 100 simple moving average (4-hours). On the 4-hours chart of the DOT/USD pair, there is a major bearish trend line forming at resistance $6.50 (data source from Kraken). The pair may continue to decline towards the $5.00 support zone. Polkadot price decline resumes After a steady rise, DOT price…
Sui partners with Google Cloud to drive Web3 innovation with improved security, scalability, and AI capabilities – Chainwire housenewsroomSui partners with Google Cloud to drive Web3 innovation with improved security, scalability, and AI capabilities. We use cookies to make Chainwire’s website a better experience. 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.…
Judge Richard Jones said he spent the weekend pouring over a ton of letters of support for Binance’s former CEO until the book literally fell apart.
BlockDAG is making waves in the cryptocurrency market with its innovative four-month vesting period and strong liquidity target of $100 million at launch. This strategic approach solidifies its position and presents brighter investment potential compared to the uncertain upside of Solana and BONK. The focus on democratizing blockchain with low-code and no-code smart contract capabilities can further solidify the interest of a broader range of developers and potentially create significant wealth for the community. BlockDAG Simplifies blockchain entry and enhances security and rewards. The team is also building anticipation with a teaser keynote video from the moon, increasing visibility and…
Cryptocurrency trading has evolved significantly since the introduction of Bitcoin in 2009. Trading, which started as a niche hobby for technology enthusiasts, has evolved into a global market with millions of participants, sophisticated tools, and a wide range of trading strategies. In this article, we will take a look at the key trends, tools, and technologies that have shaped the cryptocurrency trading landscape. The Rise of Bitcoin and Beyond Bitcoin, the first cryptocurrency, laid the foundation for a thriving digital asset ecosystem. Over the next few years, the cryptocurrency market became mainstream as its popularity…
Rune is taking over the Bitcoin network. This new token standard, launched alongside the latest Bitcoin halving, has been previously mentioned in this newsletter. This is in the context of the hype driving up Bitcoin’s average transaction fees even before its debut and helping miners earn lower block subsidy rewards with transaction fees. Profits reached new highs.And for the most part, this trend still holds. The seven-day moving average of Bitcoin’s average transaction fee exceeded $40 last week, which is ten times higher than Ethereum’s average transaction fee of $4.10.And total fees paid on Bitcoin also surpassed Ethereum, with the…