Altcoins such as Ethereum, Cardano, Solana, etc. may have lower spot prices. But they are preparing for a potential surge, according to one analyst who sees the current formation as similar to the 2020 market cycle. The analyst said in Called Often, after a period of accumulation and retesting of previous highs, altcoins tend to become more volatile. The cryptocurrency analyst also pointed out that Bitcoin has pulled back from its all-time highs and is preparing for a possible retest of these levels registered in March. Bitcoin Accumulation | Source: X Analyst Although altcoins have declined, looking at their price…
Author: Crypto Flexs
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High-profile defections and continued criticism from the community paint a picture of a much-hyped expansion project lacking vitality. However, Bitcoin miners have always been critical of leading scaling solutions.
The U.S. government transferred 30,175 Bitcoin (BTC) to a wallet recognized as part of cryptocurrency exchange Coinbase. This move is worth a significant $2 billion at the typical Bitcoin price of around $65,000 per BTC. US Government Moves $2 Billion to Bitcoin This move follows the US government’s previous involvement in the cryptocurrency market. In March 2023, the government auctioned 9,861 BTC, generating $216 million in revenue. The government seized the coins as part of a larger cache totaling approximately 50,000 BTC from the infamous Silk Road website in late 2022. The transfer was confirmed by cryptocurrency detective ZachXBT, which…
ETH futures open interest has reached an all-time high. Funding rates across exchanges remained positive. Ethereum (ETH) futures open interest has hit a record high as uncertainty deepens about the possibility of approving a spot Ether exchange-traded fund (ETF) in the United States. Futures open interest refers to the total number of futures contracts for a coin that have not yet been settled or closed. A rise indicates an increase in the number of market participants entering new positions. According to analysis by AMBCrypto: ‘Coin Glass’ According to the data, ETH futures open interest totaled $14.53 billion on April 1,…
Policy • April 2, 2024, 12:32 PM EDT Posted 1 minute ago In ~ Updated: April 2, 2024, 12:46 PM EDT A cryptocurrency wallet classified as part of the U.S. Department of Justice and holding about $2 billion worth of Bitcoin appears to have started test transactions on Coinbase Prime, according to data from Arkham.Wallets holding more than 30,174 bitcoins began trading at 0.001. BTC -4.39% ($65), Arkham has a wallet marked as belonging to Coinbase Prime. The transaction currently has one block confirmation. Exchanges typically require multiple confirmations before a transaction is confirmed.The remaining funds were sent to the…
I recently spoke with Ray Youssef, CEO of NoOnes, a feature-rich peer-to-peer (P2P) Bitcoin trading platform, about how NoOnes is empowering its users and what it’s doing in response to the Nigerian government’s crackdown on Binance P2P. We talked about what we were doing. Why peer-to-peer marketplaces will play a critical role in delivering on Bitcoin’s promise as a medium of exchange.Youssef and the global team at NoOnes are on a mission to end financial apartheid and unite economically disadvantaged people around the world. In the process, they are using outdated financial safeguards in the belief that once people can…
The path toward approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the United States has taken a complicated turn in recent weeks, with developments casting a shadow over its immediate outlook. Expectations surrounding potential approval have suffered several setbacks, including a lack of communication between the Securities and Exchange Commission (SEC) and the ETF applicant, and the SEC’s ongoing investigation into the Ethereum Foundation regarding its classification of Ethereum. stock. Accordingly, Bloomberg ETF analyst Eric Balchunas adjusted the odds of ETF approval to just 25% by May 23, the final deadline for one of the latest applications. The…
As the cryptocurrency community prepares for the upcoming Bitcoin halving event, a palpable sense of anticipation is guiding investor strategies, with a particular focus on identifying altcoins that promise significant returns. Among the numerous options are Dogecoin (DOGE), Shiba Inu (SHIB) and the emerging 1000X ‘Social-Fi’ token. Option 2 Trade (O2T) It appears to be an attractive choice. These cryptocurrencies not only offer a unique value proposition, but are also at the forefront of potential high-yield investments in the pre-halving period. Let’s take a closer look at why Dogecoin (DOGE), Shiba Inu (SHIB), and Option 2 Trade (O2T) are attracting…
Brevard, North Carolina, April 2, 2024, Chainwire In a significant move within the decentralized finance (DeFi) real estate landscape, YakDAO plans to revolutionize the ecosystem by launching $YAKS, the native token of the Arbitrum network, tradable on Uniswap starting April 2, 2024. This launch is not only a testament to YakDAO’s innovative approach to DeFi, but also highlights pre-sale success and strategic partnerships to foster strength, resilience, and long-term success. Innovative integration of real-world assets: YakDAO has taken on the challenge of integrating real-world assets (RWA) into its ecosystem with its first asset located in Brevard, North Carolina. According to…
March was the month with the highest trading volume for early spot Bitcoin ETFs. Spot Bitcoin ETF trading volume surged to $111 million in March, nearly triple the $42.2 billion total in February, according to Yahoo Finance, compiled by The Block Data Dashboard. reached. February was the first month with transactions since the product launched on January 11, and the significant increase in March highlights the growing interest in these new cryptocurrency-based financial products. Bloomberg Senior ETF Analyst Eric Balchunas went to Just to point out how important the last month was in terms of total trading volume. “Bitcoin ETFs…