Wormhole WednesdayBTC rebounds after reaching $64.5K, SOL outperforms. Government sends $2 billion worth of BTC to Coinbase for sale. Funding rates remain low even after sweeps. The ETF has less inflows, and Ark has more outflows than GBTC. Wormhole W launches with $15B FDV. There is an ‘inflection point’ when BTC follows interest rates or gold. Gold and BTC have shown a very high correlation over the past year. ETF trading volume expected to decline this month: Bloomberg. Yesterday the BTC 2x and 3x leveraged ETFs were launched. The BTC ETF is now half the size of gold.
Author: Crypto Flexs
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Bitcoin price is showing some positive signs above the $68,500 resistance level. For BTC to continue rising in the near term, it will need to settle above the $70,000 resistance. Bitcoin is eyeing a steady rise above the $69,500 and $70,000 levels. The price is trading above $68,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trend line forming with support near $68,800. If it stays above the $68,000 support zone, it could start a further rise. Bitcoin price maintains support Bitcoin price began a significant rise…
Singapore, Singapore, April 8, 2024, Chainwire DigiFT, the first on-chain real world asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second series RWA Depositary Receipt (DR) token. DigiFT USD Money Market Fund Token (DMMF) aims to provide a new cash management option for investors interested in exploring alternatives within the cryptocurrency space. According to the company, the launch of DMMF tokens comes at a time of increasing demand for tokenized financial products. DigiFT claims the recent success of BlackRock’s tokenization fund, which raised $160 million within a week of…
A widely respected cryptocurrency strategist believes one Ethereum (ETH) rival is poised to witness a breakout rally. Pseudonymous analyst The Crypto Dog tells his 775,100 followers on social media platform X that he is bullish on smart contract protocol Near (NEAR). The analyst shares a chart that suggests NEAR is threatening to remove diagonal resistance from the daily chart. “NEAR is moving soon. Maybe not today, but maybe soon. BTC flat, SOL red, and NEAR green attract attention.” source: Cryptodoc/X Despite Near still struggling to move above the diagonal resistance, analysts say it is only a matter of time before…
Welcome to Latam Insights, a round-up of the most relevant cryptocurrency and economic news from Latin America over the past week. In this issue: Paraguayan lawmakers have introduced a bill to ban cryptocurrency mining, Brazil has changed its cryptocurrency taxation system, and a poll shows Latin America believes CBDCs could help fight corruption in the region. . Introduction to the Paraguayan National Assembly (…)
In today’s digital age, online spacemanaposta-br.top casinos are becoming more and more preferred. Advances in technology now allow players to play their favorite casino games without the need to download and install any software. Also known as instant play or browser-based gambling enterprises, these no-download casinos offer a convenient and easy gaming experience. This thorough guide will definitely go over everything you need to learn about no download casinos. What is an online casino that requires no download and installation? Non-downloadable online casinos are located on internet betting platforms that allow players to access and play casino site games directly…
In the realm of digital currencies, the spotlight is often on the drama and uncertainty shrouding market giants like TRON and Ripple. TRON is currently engaged in a legal battle with the SEC over the classification of its tokens TRX and BTT, as the platform responds to the allegations with a strong defense. Meanwhile, Ripple is facing its own turmoil, with XRP price falling significantly due to massive token locking and whale trading. In the midst of this confusion, BlockDAG Network It emerges as a notable contrast demonstrating the unique blend of blockchain and DAG technologies. This innovative integration not…
The recent collaboration between Chainlink Labs and the Australia and New Zealand Banking Group (ANZ) sets a new benchmark demonstrating the potential of interoperable blockchain solutions. Meanwhile, emerging cryptocurrency InQubeta is making waves, establishing itself as one of the best ICOs that could surpass established platforms like Polkadot. Chainlink and ANZ unveil game-changing integration The collaboration between ANZ and Chainlink Labs is an important milestone in bridging the gap between traditional finance and DeFi. ANZ leveraged Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to demonstrate seamless settlement of tokenized assets across the Avalanche and Ethereum blockchain networks. Demonstrating cross-network asset trading and…
Posted 1 minute ago In ~ Ripple CEO Brad Garlinghouse said the overall cryptocurrency market capitalization will double by the end of 2024, according to a CNBC report on Sunday. Currently, the global cryptocurrency market capitalization is approximately $2.59 trillion. CoinMarketCap data showed itGarlinghouse said. CNBC He is “very optimistic” about macroeconomic trends in cryptocurrencies, such as the emergence of spot Bitcoin exchange-traded funds (ETFs), which he said have led to “substantial” institutional investment in cryptocurrencies for the first time.Bitcoin half life eventexpected later this monthAccording to Garlinghouse, this is another macro factor that could push the overall cryptocurrency market…
Wormholes show promise with high development activity. The price action chart reveals a short-term downward trend. all st tly According to a post by X (formerly Twitter), Wormhole (W) had the highest development activity among projects in the Solana (SOL) ecosystem last month. It comfortably surpassed the development efforts of Solana and Jupiter (JUP). Solana has been suffering for the past few days. On April 6 and 7, the network collapsed with a transaction failure rate of 75%. Over the past month, demand for meme coins has led to a surge in on-chain traffic, leading to a decline in the…