Dogecoin investors have seen the cryptocurrency recently. Stagnant at around $0.2 Bullish sentiment among whales and other traders begins to waver. Interestingly, DOGE has yet to achieve a real break above $0.2 since March 31st. In fact, the cryptocurrency fell as low as $0.1719 in the first week of April. Despite reversed As of this writing, some of these declines have meant that Dogecoin has not yet performed as well as many investors hoped. Moreover, the chart formation shows that the cryptocurrency may be stagnating. bearish pattern On-chain data indicates whales are selling DOGE holdings. At the same time, short-term…
Author: Crypto Flexs
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Coinbase International Exchange announced the launch of perpetual futures trading for the Pepe meme coin. Trade Pepe (PEPE) futures on Coinbase International and Coinbase Advanced platforms. Available From April 18th. “Coinbase International Exchange will list PEPE Penalties on Coinbase International and Coinbase Advanced and begin trading on or after April 18 at 9:30 AM (UTC).” Coinbase Announcement Amid this news, the value of PEPE immediately rose by nearly 10%, according to CoinMarketCap. PEPE rose 6.5% in the last 24 hours, reaching $0.0000074. PEPE 24-hour chart by CoinMarketCap Previously, Coinbase held off on listing PEPE due to its association with controversial…
On the cryptocurrency event circuit, McHenry has repeatedly insisted that it is still possible to pass his panel’s stablecoin bill to get President Joe Biden to sign the bill, including in remarks earlier this week. McHenry is retiring from Congress this year and has prioritized legislation that would, among other things, provide guardrails for issuers of tokens that provide a stable foundation for trading volatile cryptocurrencies.
Pre-halving adjustments increase mining challenges.Bitcoin mining difficulty has increased significantly ahead of the upcoming halving event, reaching an all-time high of 86.4 trillion. This adjustment, made on April 10, represents a 3.4% increase over the $83 trillion set on March 28. Since the halving is expected to occur in 8 days, this adjustment is likely to be the last adjustment before an event that reduces mining volume. Rewards are reduced by half.Meaning of the half-life eventThe Bitcoin halving, a major event in the cryptocurrency industry, is expected to occur on April 19. This event, which occurs approximately every four years,…
Despite the recent resurgence of the cryptocurrency market, the relatively minimal flow of venture capital funds to the cryptocurrency industry this year presents downside risks, according to JPMorgan analysts.“Our various proxies for cryptocurrency VC flows look somewhat muted compared to prior years YTD,” JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report Thursday. “We have previously argued that a recovery in crypto VC flows is a prerequisite for a sustained recovery in crypto markets. Therefore, in our view, depressed VC flows YTD could pose downside risks.”Venture capital funding in the cryptocurrency sector has gained momentum so far this year,…
One of the world’s largest centralized cryptocurrency exchange platforms plans to delist popular privacy-focused altcoins in two European countries in the coming months. In a new article, cryptocurrency exchange Kraken said it will delist Monero (XMR), an anonymity-focused blockchain launched in Ireland and Belgium in 2014, starting in June. According to Kraken, all XMR remaining on cryptocurrency exchanges after June 10 will automatically be converted to Bitcoin (BTC), the leading cryptocurrency asset by market capitalization. “We plan to delist Monero (XMR) from the Kraken platform on June 10, 2024 for customers in Ireland and Belgium. Trading and deposits for XMR…
Bitcoin has surged back above the $70,000 level over the past day despite the asset’s net taker volume being negative. Bitcoin net taker volume has recently seen a large negative spike. As CryptoQuant Netherlands Community Manager Maartunn explains: post X has recently seen a much larger surge in sales than ever before in Bitcoin Net Taker Volume. “Net Taker Volume” is a metric that tracks the difference between Bitcoin taker buy volume and taker sell volume in perpetual swaps. How can the sales quantity and purchase quantity be different? CryptoQuant explains in its data guide: This concept is often confusing…
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Solana (SOL) experienced difficulties last week as its network transaction failure rate exceeded 75%. Since then, Solana’s core contributors have been working to find the congestion problem. The price of SOL fell 7.8% and users seemed worried about the state of the network. Nonetheless, some analysts predict more optimistic performance for SOL soon. Is Solana ready for a rebound? According to cryptocurrency analyst Bluntz, Solana’s decline has reached a bottom. After news of the network congestion broke, analysts predicted that SOL’s price would fall to $160 before rebounding. According to his chart, the performance began to show an ABC zigzag…
The Securities and Exchange Commission (SEC) is exploring decentralized finance in a predictable move as it prepares to sue one of the largest decentralized exchanges.Decentralized exchange Uniswap said on Wednesday: received The Wells Notice, or formal notice from the SEC that the agency plans to prosecute the defendant, could come in the next month or so. Uniswap founder and CEO Hayden Adams said he wasn’t surprised but was “annoyed, disappointed and ready to fight.”The SEC has been tracking other exchanges, but they are more centralized, including: coinbase, Kraken and Binance. The agency’s attempt to sue Uniswap is unique, Jennifer Schulp…