Prominent technical analysts have declared that altcoins have potentially hit a market bottom and are preparing for an imminent bull market. This sentiment reflects the opinions of several experts and suggests a pivotal change in the cryptocurrency market. Altcoins ready for a new bull market Renowned technical analyst Michaël van de Poppe declared that altcoins have bottomed. He also revealed his current investment strategy, emphasizing that he prefers altcoins due to their attractive prices. “I am leaning toward altcoins and plan to return to Bitcoin later. “Everything is so cheap.” Van de Poppe said: Van de Poppe particularly highlighted altcoins…
Author: Crypto Flexs
Read More
One quant pointed out how the Bitcoin indicator senses selling pressure in the market and preempts the resulting price decline. Bitcoin CDD registrations spike before recent price plunge In a new post on X, the analyst discussed how the Coin Days Destroyed (CDD) on-chain indicator can be used to identify selling pressure in the market early. “Coin Day” refers to the amount of 1 BTC accumulated while staying on the blockchain for 1 day. If a token remains dormant for a while, it will naturally accumulate a certain amount of coin days, and when it is finally sent to the…
Share this article Amir Taaki, an anarchist revolutionary, hacktivist, and programmer known in the cryptocurrency industry as one of the original Bitcoin core developers, has spoken out about the Samourai Wallet indictment.In a recent blog post, Taaki called on the cryptocurrency community to “step up” their game in the face of increased state-authorization regulations and government oversight. Taaki sees the arrest of the Samourai Wallet developer as a “wake-up call for cryptocurrencies” to pursue better methods for anonymity and privacy.“Being prepared to resist the surveillance giant machines means creating a completely dark ecosystem that operators can mobilize under protected cover,”…
Expectations are high Ethereum Spot Exchange Traded Fund (ETF)) continues to decline after receiving approval from the U.S. Securities and Exchange Commission (SEC). In this regard, Justin Sun, the founder of the Tron network, has achieved quite a bit. prediction Comments on the regulatory potential of the Spot Ethereum ETF indicate that approval is highly unlikely to be completed by the May deadline. Uncertainty about Ethereum Spot ETF Earlier this year, the cryptocurrency industry was optimistic about the Ethereum spot ETF, but as the decision date approaches on May 23, pessimism about the SEC’s approval of the product appears to…
The price of Ethereum has surpassed the $3,300 level. ETH recently began a sharp decline below $3,300 after testing the $3,350 resistance. Ethereum rallied towards $3,350 before the downtrend reemerged. The price is trading below $3,220 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below a key bullish trendline with support at $3,250. If it trades below the $3,165 support, the pair may continue to fall. Ethereum price adjustment profit Ethereum price began a strong rise above the $3,200 level. ETH outperformed Bitcoin and even cleared the $3,300…
avalanche Avex -0.12% Today the company announced that it has built an integration with fintech Stripe to streamline the ability for consumers to add funds to their wallets and purchase digital assets.“Core, Avalanche’s native ecosystem wallet, integrates Stripe’s onramp, giving users more ways to purchase assets on the Avalanche blockchain,” the company said in a statement. “Core users can choose Stripe onramp to fund their wallets using ACH, debit and credit cards.”Stripe last week after being out of the cryptocurrency world for several years. It said it would support the deal. USDC -0.023% Stablecoin. the company discontinued support for Bitcoin…
JPMorgan is one of the American giants in banking. Not long ago, they had a skeptical view of the decentralized space. But they appear to be slowly changing this view. They have now launched their new Tokenized Collateral Network (TCN). Now let’s take a look at JPMorgan’s first steps into the world of digital asset platforms. It’s by no means decentralized, but it’s a start. JPMorgan launches tokenization platform – settles first trade with BlackRock. “Bitcoin itself is an overhyped scam.”~ Jamie Dimon CEO, JP Morgan pic.twitter.com/YmAmK0np0r — Jason A. Williams (@GoingParabolic) October 11, 2023 What is Tokenized Collateral Network…
April 29, 2024, London, UK, ChainwireAn interesting new meme coin, $ROCKY, recently debuted on the Base network. Skel.eth, the founder of MetaWin, launched its coin last weekend. Interestingly, the coin was named after his Pomeranian dog named ROCKY.In just 30 hours after launch, $ROCKY achieved an impressive market cap of $4.6 million, and the MetaWin team is optimistic about further growth thanks to the enthusiastic support of the MetaWin community.“It started as an experiment ahead of the $MWIN token sale.” Skel.eth, founder of MetaWin and the creative force behind $ROCKY, said: “It’s going pretty well so far! We’ve learned a…
Franklin Templeton lists ETH ETF (EZET) on the DTCC website. However, the US SEC’s chances of approval in May remain low. that much Ethereum (ETH) The community is excited after Franklin Templeton Investments’ spot ETH ETF was listed on the DTCC website. The Depository Trust and Clearing Corporation (DTCC) is the primary clearing house for institutional trading and securities in the United States. Therefore, the listing of Franklin’s Ethereum TR Ethereum (EZET) is a big step forward. DTCC. Source: DTCC However, the final decision on approval rests with the U.S. SEC. Unfortunately, the SEC did not grant Franklin Templeton such…
On Wednesday, the founders of Bitcoin privacy wallet Samourai Wallet were arrested and indicted on behalf of the U.S. government. The indictment could set a dangerous precedent beyond Bitcoin privacy services.“If your government is worried about its citizens controlling their own money, the most important question you should ask is, ‘What is wrong with our government?’”– Andreas AntonopoulosLast Wednesday, Samourai Wallet founders Keonne Rodriguez and William Hill were arrested and charged with conspiracy to launder money and conspiracy to operate an unlicensed financial services business in the U.S. District Court for the Southern District of New York. The indictment alleges…