Bitcoin broke $58,000 on August 16 after a “massive masterclass” that hit both bulls and bears hard.BTC/USD 1-hour chart. Source: TradingViewBTC Price Target Maintained Below $50,000According to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price has recovered 4.4% from its previous low of $56,150.The recent release of US unemployment data, coupled with the plunge in prices, has caused problems for retail investors, with both buyers and sellers liquidating.BTC Liquidation Heatmap (screenshot). Source: CoinGlassThis activity was captured by order book liquidity data from monitoring resource CoinGlass. In the 24 hours leading up to this writing, total BTC long…
Author: Crypto Flexs
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Layer 2 altcoin MATIC recently crashed to a yearly low similar to 2022. A seasoned cryptocurrency analyst has come up with a bullish theory for MATIC under one condition. On-chain indicators show that despite a slight bounce, there is not enough buying pressure. Popular Layer-2 blockchain Polygon (MATIC) recently dropped out of the top 20 cryptocurrencies by global market cap. Despite having made several deals with big names like Google, Nike, Disney, Coca-Cola, and Starbucks, MATIC’s reputation is now overshadowed by its dismal recovery efforts.Why MATIC’s Rebound Rally Hasn’t StartedMATIC hit its yearly bottom last week, falling to $0.355 on…
Crypto Ecosystems • August 16, 2024 1:04 AM EDT Posted 1 minute earlier ~ in Updated: August 16, 2024 1:09 AM EDT MakerDAO participants can hold wrapped bitcoin (or (main) +0.092% ), the collateral was approved.MakerDAO governance has approved an executive vote to lower the WBTC debt ceiling to zero. die +0.065% — Prohibits new loans collateralized with WBTC collateral. Also, the loan-to-value ratio (LTV) of WBTC is set to 0%. In particular, MakerDAO allows users to mint DAI stablecoin as over-collateralized loans.This adjustment will not affect existing loans supported by WBTC, as the liquidation threshold will not change. The…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Dogwifhat price fell more than 20% during the week after rising 6%. rush As traders continue to dump their holdings of the meme coin into the market, it is trading at $1.47 as of 11:42 PM ET over the last 24 hours. The WIF price was able to reach an intraday high of $1.60 in the last 24 hours. However, it has since declined and is trading closer to the lowest price of the same period, $1.44. Dogwifhat price approaches major support 4-hour…
Felix Pinkston 16 Aug 2024 08:32 Canaan Inc. (NASDAQ: CAN) reported strong Q2 2024 financial results with significant revenue growth and improved profitability. According to PRNewswire, Canaan Inc. (NASDAQ: CAN), a leading provider of high-performance computing solutions, announced unaudited financial results for the second quarter of 2024. The company reported significantly improved financial results, with revenue exceeding guidance and operating losses significantly reduced. Financial Highlights In Q2 2024, Canaan Inc. achieved revenue of $71.9 million, beating previous guidance of $70 million and increasing sequentially by 104.8%. Total compute power sold was 6.2 million Thash/s,…
Cryptocurrency analyst Amonyx said: Very bullish price prediction As for the XRP price, we predict that the crypto token could reach double digits at some point. This comes amidst the ongoing underperformance of XRP. Conclusion of the case This is a deal between Ripple and the U.S. Securities and Exchange Commission (SEC). Massive God Candle Pushes XRP Price to $57 Cryptocurrency analyst Amonyx mentioned on X (formerly Twitter) mail That’s huge Candle of God It was loading, Send XRP price to $57According to a chart shared by the analyst, the crypto token will likely rise to this price level sometime…
A recently rebranded, low-cost layer-1 altcoin is on the rise after suddenly gaining support from Coinbase, the largest U.S. cryptocurrency exchange platform. Coinbase Assets has announced that it will be adding support for Gravity (G, formerly Galxe), an interoperable Ethereum (ETH)-based smart contract platform. “Trading will commence on or around 12:00 PM on August 13, 2024, subject to liquidity requirements. Trading will commence in phases on the G-USD trading pair as supply of this asset becomes sufficient.” Digital assets surged on news of the listing, with G rising about 8% from a low of $0.0378 to a high of $0.0411…
Company • August 16, 2024 3:05 AM EDT Posted 1 minute earlier ~ in South Korea’s National Pension Service, the world’s third-largest pension fund by assets, purchased $33.7 million worth of MicroStrategy stock in the second quarter of this year.NPS’s Holdings ReportThe pension fund bought 24,500 shares of Microstrategy Inc. in the second quarter, according to a report filed with the Securities and Exchange Commission this week.This move is intended to increase the fund’s indirect exposure to Bitcoin. Previous Purchases In Q3 last year, he purchased 282,673 shares of Coinbase, worth $19.9 million at the time.Latest NPS filing The pension…
Lawrence Jengar 16 Aug 2024 06:09 The Sui Bridge incentive program, which ran in June, identified bugs and collected insights for a smoother bridging experience. Over 184,000 transactions were completed. In June, the Sui Bridge Incentive Program was launched, inviting the community to rigorously test the Sui Bridge Testnet implementation by transferring assets between Ethereum Sepolia and Sui. According to The Sui Blog, the program successfully facilitated over 184,000 transactions, which played a vital role in identifying and fixing bugs, improving features, and improving the overall user experience.Key StatisticsTrading indicators:Total Transactions: 184,000+Inbound Transactions: 127,000+Outbound…
Football fans preparing for the Premier League 24/25 season are expected to be interested in a number of Fan Tokens starting Friday and throughout the weekend. The integration of blockchain technology and cryptocurrencies has revolutionized the way fans interact with their favorite teams. Fan tokens currently boast a market cap of up to $276 million, demonstrating their growing influence in the sports world. Fan tokens are geared towards volatility as Premier League news unfolds In the summer, football players have been participating in international tournaments with weeks of pre-season preparation. The Premier League starts on Friday, August 16, and the…