Bitcoin records first red week in a month as Ether shines, Reddit reveals cryptocurrency holdings, and Satoshi’s newly released emails show his incredible foresight. This week we bring you these stories and more in cryptocurrency. A troubling week for Bitcoin After surging past $52,000, Bitcoin’s momentum was only around 2%, but it appears to be losing steam as it recorded its first weekly decline in over a month. Excitement over the new US spot Bitcoin ETF and the upcoming halving event has led investors who benefited from the recent 25% price increase to sell off some of their stacks to…
Author: Crypto Flexs
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Ripple (XRP) price began trading at $0.53 on February 26, down 8% from its monthly high of $0.58 recorded on February 15. Can Whale Investors Trigger a March Rebound? After a positive performance in the first half of February hitting $0.58, the price of XRP has seen a sharp downward trend over the past week. However, there are early signs of a positive start to March 2024 as whale investors begin to buy the dip. XRP price underperformed the altcoin market average in February. XRP price started off positive in February 2024, rising 19% from February 1 to February 16,…
Decentralized Finance (DeFi) puts complex financial products into the hands of users, allowing them to mix and match different DeFi products to build their “money legos.”The problem is that it creates complex workflows as users move funds between bridges, liquidity pools, and other DeFi products to achieve their desired end goals.This is where Aperture Finance’s Intents come into play. “Intents are a departure from the transactional approach to Web3 and DeFi,” said McDavid Stoddard, head of growth at Aperture. decryption. In these trading models, the transactions are “usually too complex to fully understand what’s going on,” he said.He explained that…
On February 15th, Shiba Inu (SHIB) attempted to rebound, but was unable to maintain its upward trajectory and immediately began to decline. Analysis of SHIB’s price trends on daily charts since June 2023 reveals consistent trading within a rising parallel channel. This bullish trend reached its peak on December 17th, when SHIB price hit a high of $0.0000120 and then began to decline, maintaining a descending resistance line leading to the lower channel limit. We take a look at recent SHIB price movements and attempt to predict possible paths for the token’s value development. After all, meme coins are known…
Cosmos developer AllinBit (AiB) will introduce a new blockchain network called GovGen ahead of AtomOne, a controversial fork of Cosmos Hub. Development of GovGen, scheduled to launch Tuesday at 9 a.m. ET, is led by All in Bits, a company owned by Cosmos co-founder Jae Kwon. Kwon has had serious disagreements with the wider Cosmos community in recent years. GovGen will shape the design of the upcoming AtomOne fork through a decentralized decision-making process. “GovGen will vote on all decisions about what AtomOne will look like and how it will be launched,” a spokesperson said. GovGen, the network’s native token,…
After hitting a yearly high of $53,000, Bitcoin has been accumulating below this level or slowly falling into better buy-in territory as it prepares for the next stage of the rally. Bitcoin continues to be purchased by spot Bitcoin funds, which is helping push the price up significantly. But could these purchases loosen up as those looking to test the Bitcoin ETF waters have mostly done so and the remaining institutions are now waiting for lower prices before entering? Bull flag or rollover? Source: CoinGecko/TradingView What is clear is that Bitcoin is slowly rolling over, forming lower highs and lower…
reporter Posted on: February 26, 2024 Anatoly Yakovenko recently posted a tweet hinting at a relationship between Solana (SOL) and Satoshi Nakamoto. This follows the release of 120 pages of emails between Nakamoto and Martti Malmi, sparking a heated debate in the cryptocurrency community. This email, which dates back to the early days of Bitcoin (BTC), provides insight into its development and underlying vision and illuminates Nakamoto’s perspective. Anatoly, tweeted, “Satoshi also invented Solana. She covered up her tracks much better this time. The truth is out there.” Blockchain Harmony Story Yakovenko’s tweet also highlighted Satoshi’s previously mentioned statement. Mert,…
The cryptocurrency market continues to evolve due to dynamic changes in investor sentiment, regulatory environment, and technological advancements. This week, special attention is given to six coins that are at a critical juncture, each for unique reasons. Here’s what to watch: #1 Bitcoin: ETF data, monthly closes and US PCE Bitcoin remains an indicator of the market, with investors and analysts alike closely monitoring its movements. This week, the focus will again be on daily Bitcoin ETF inflows and outflows, a key indicator of institutional interest. But Thursday’s monthly close will also be closely watched. According to renowned cryptocurrency analyst…
Bitcoin, the leading cryptocurrency, is showing steady movement, and Ethereum, the largest alternative coin, recently soared above $3,100 to $3,135 over the weekend. This surge in the value of Ethereum occurred without any specific events driving it, demonstrating its strong market position. Recently, Ethereum is attracting attention from large investors, also known as whales, because it is more profitable than Bitcoin. Source of report Look on chain It was revealed that these whales have been actively purchasing Ethereum. For example, a whale known as 0x8B94 moved and invested 14,632 ETH worth $45.5 million on Binance in just 6 days. Additionally,…
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