A breakout of HBAR’s descending channel signals a potential trend reversal and golden cross. Increasing social dominance and public interest imply market trust. At the time of writing Hedera (HBAR) It was trading at $0.1703, up 14.60% in the last 24 hours, with trading volume up 234% to $1.63 billion. This surge followed a significant breakout from the downward channel and the formation of a golden cross. Both are bullish indicators. Traders are asking as HBAR approaches the key resistance level at $0.188. Can we break this level and trigger a rebound towards $0.27? Breaking the Bearish Trend – Is…
Author: Crypto Flexs
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jack anderson November 25, 2024 12:16 Bitcoin ETFs experienced record inflows of $3.12 billion last week, while Solana surpassed Ethereum with $16 million in inflows, according to CoinShares. According to CoinShares, Bitcoin ETFs saw unprecedented inflows last week, totaling $3.12 billion, their largest ever. This significant increase brought total inflows into digital asset investment products this week to $3.13 billion, bringing annual inflows to a whopping $37 billion. Bitcoin and Short Bitcoin Products The lion’s share of these inflows was Bitcoin, which alone amounted to $3 billion. The rise in Bitcoin prices sparked additional…
Bitcoin’s dominance has sent an important signal to altcoin investors that prices of smaller cryptocurrencies could rebound in December and attract more investments ahead of January 20.Bitcoin (BTC) dominance, which measures Bitcoin’s ratio to the total value of the cryptocurrency market, has fallen to 56.1% below its two-year support line, meaning the market has officially entered alt season, writes popular analyst Mikybull. Cryptocurrency in X post on November 30th.Altseason, short for altcoin season in cryptocurrency slang, refers to a collective rally in cryptocurrencies other than BTC, which tends to benefit from Bitcoin’s declining dominance.Declining Bitcoin dominance means investors are profiting…
Caroline Bishop November 25, 2024 12:41 Golem Network marks an important step in its continued development with the introduction of the golem-js 3.5 update, which delivers enhancements for JavaScript and TypeScript developers. Golem Network has released the latest version of golem-js 3.5, a software development kit (SDK) that brings a powerful set of new features and improvements for developers using JavaScript and TypeScript. This release is an important update aimed at improving the efficiency and capabilities of developers leveraging the Golem platform. Key features of golem-js 3.5 The golem-js 3.5 update brings a variety…
November was a turning point for the cryptocurrency market, with meme coins emerging as one of the best performing sectors. After Bitcoin rose to $99,595 over the past four weeks, a number of unexpected meme tokens took the top spot, outperforming major altcoins. Therefore, BeInCrypto analyzed five meme tokens that showed signs of potentially being the best performers in December. Department of Government Effectiveness (DOGE(GOV)) DOGE (GOV) reached an all-time high (ATH) of $0.545 in November as interest in the US presidential election grew. The political situation and the hype surrounding the participation of major figures have led to a…
Pump.fun revenue fell 33%. The live stream contains dangerous content. Pump.fun suffers from bad press. Pump.fun has been at the forefront of Solana’s memecoin surge. The platform has made it easier than ever to launch memecoins, significantly increasing trading activity in the Solana ecosystem. However, it has recently become the center of a major controversy, which has affected its bottom line. The latest controversy was due to the platform’s short-lived live streaming feature. The platform ended the feature after several memecoin creators engaged in dangerous stunts to spread the meme. Soon after, profits dropped significantly. Pump.fun’s profits fall to weekly…
Yorg Healer November 30, 2024 09:31 CleanSpark Inc. (NASDAQ: CLSK) plans to release its fiscal 2024 financial results via live webcast on December 2, 2024, after the market closes. CleanSpark Inc. (NASDAQ: CLSK), recognized as America’s Bitcoin Miner®, will disclose its fiscal year 2024 financial results via live webcast. According to CleanSpark, the event is scheduled to begin at 4:30 PM ET on Monday, December 2, 2024, immediately after the market closes. Webcast Details The webcast provides insight into CleanSpark’s financial results and strategic direction. Those interested can access the live presentation through the…
A widely respected cryptocurrency analyst believes that a Solana (SOL) challenger is gearing up for more upside. Pseudonymous analyst Altcoin Sherpa told his 232,200 followers on social media platform A round bottom formation is a bullish reversal structure that suggests that an asset is ready to witness a new upward trend. Altcoin Sherpa says: “Basically, I think we need to build out a bit more to enable people to gamble, but overall it looks really good at the higher levels. When the bag comes, hold it a little lower. I think $0.60 would be a good position to be in.”…
Jessie A. Ellis November 26, 2024 08:38 Binance introduces BFUSD, a rewarded margin asset that offers futures traders zero purchase fees and a reward of 100,000 USDT. In a strategic move to strengthen its futures offering, Binance announced the launch of BFUSD, a rewarded margin asset aimed at providing additional benefits to active Binance Futures traders. According to Binance, BFUSD allows users to earn profits from eligible balances in their futures accounts and can also be utilized as margin in multi-asset mode futures accounts. Zero commissions and attractive rewards Starting November 27, 2024, Binance…
68.20% of top SUI traders hold buy positions, while 31.80% have sell positions. Traders are overleveraged, with a bottom of $3.326 and a top of $3.538. SUI, the native token of the Sui Network, is making waves in the rapidly evolving cryptocurrency landscape by outperforming major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and other major financial assets. Aside from the impressive performance, the altcoin is poised to continue this rally as it has formed a bullish price action pattern. SUI technical analysis and key levels According to expert technical analysis, SUI has formed a bullish flag and polar price…