FTX’s bankruptcy estate is preparing a pivotal move by auctioning off a significant amount of Solana (SOL) tokens. This strategy forms part of the FTX liquidation process that began following the November 2022 collapse. This auction is a strategic shift from traditional fixed-price sales, signaling a potential shift in market dynamics. Previously, 25-30 million SOL tokens were sold, generating nearly $1.9 billion in revenue. The price was $64 each, a 60% discount from the market price at the time. But there was a trade-off in the discount. This meant the buyer had to lock up the SOL for four years.…
Author: Crypto Flexs
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A cryptocurrency strategist known for his well-timed altcoin calls believes that two coins in the artificial intelligence (AI) subsector are poised for further price declines. Altcoin Sherpa, a pseudonymous analyst, told his 215,200 followers on social media platform “RNDR: This is the best time for a bull market. You will have the opportunity to scale from a major level to a great project. Buy up to $6 here and feel very confident.” source: Altcoin Sherpa/X Traders use Fibonacci retracement levels to identify potential areas of support and resistance. As of this writing, RNDR is worth $9.06. Another altcoin on the…
Ethereum price is rising above the $3,120 resistance zone. ETH could start a new rally if it passes the $3,280 resistance zone. Ethereum is recovering higher and approaching the $3,280 resistance zone. The price is trading above $3,100 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), a breakout occurred above two connected bearish trend lines with resistance at $3,070 and $3,150. A close above the $3,250 area could provide bullish momentum. Ethereum price gains strength again Ethereum price formed a base above the $2,850 level and began a recovery wave like Bitcoin. ETH…
Bitcoin (BTC) recorded small losses despite a late comeback from a week of bearish pressure. Meanwhile, artificial intelligence-focused altcoins World Coin (WLD) and Singularity Net (AGIX) recorded a slight rise. In contrast to Bitcoin’s decline this week, the global cryptocurrency market capitalization rose slightly by 1.26%, increasing by more than $30 billion to $2.4 trillion at last check. This rise was primarily fueled by the performance of major altcoins in the later stages of the market revival. Here’s how most mainstream cryptocurrencies performed this week: BTC, WLD and AGIX prices – April 21 | Source: Santiment Bitcoin retests $59,000. Bitcoin…
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Bitcoin price recovered and broke above the $64,000 resistance zone. BTC currently faces obstacles near the $65,500 and $66,000 levels. Bitcoin is currently struggling to gain speed above the $65,500 resistance zone. The price is trading above $64,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major contraction triangle forming at resistance $65,100. A break above the $65,500 resistance could start a new surge. Bitcoin price begins to rise Bitcoin price found support above $60,000 and started a new rise. BTC broke above the $62,500 and $63,500 resistance levels.…
A bullish Ethereum whale was liquidated due to volatile price movements. Despite the price rise, holders were still unprofitable. Ethereum (ETH) has experienced tremendous volatility over the past week, causing traders to lose money left, right, and center. whales see red Some whales as well as individual investors have been subject to liquidation in the past few days. According to data from Lookonchain, the whale showed confidence in the asset’s potential by doubling down on its ETH position, despite previously suffering a total loss of $4.5 million, which it ended up losing. The investor also made a sizable bet by…
The final countdown to Bitcoin Halving has begunJoin Bitcoin Magazine and top industry voices as we count down to blocking 840,000 and ushering in a new era for Bitcoin. The Bitcoin Halving Livestream presented by Kraken will set the stage for the next era of Bitcoin by revealing the top 21 moments from the past four years, as voted on by Bitcoin Magazine readers.Visit www.bitcoinhalving.com to watch the Bitcoin Halving livestream and watch the countdown to block 840,000.Speaker lineup:Barstool CEO Dave PortnoyStrike CEO Jack MallersBitcoin Magazine Institutional Director Dylan LeClairTen31 Managing Partner Matt OdellPete Rizzo, Chief Content Officer, Bitcoin MagazineKraken…
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As Bitcoin halving approaches bigutcoinA promising new cryptocurrency will be born. Through revolutionary speed and reduced transaction costs, Bitgert promises to redefine market standards. Enthusiasts and investors are already realizing this. Will a new cryptocurrency era begin? Bitcoin Halving Explained Bitcoin halving is a pre-programmed event that halves miners’ rewards for every block they mine on the Bitcoin network. To be more precise, it typically occurs every four years after 210,000 blocks have been successfully mined on the Bitcoin network. This is part of Bitcoin’s monetary policy, spread over a long period of time to control inflation and provide new…