Posted 1 minute ago In ~ The NFT market has seen a surge in activity over the past month, with most of the increase in trading volume coming from NFTs. blur blur +1.27% market.Ethereum-based NFT transactions hit $605 million in November, according to The Block’s data dashboard. This represents an increase of almost 100% compared to October’s monthly volume of $306 million. Just four days into December, NFT trading volume for the month has already reached nearly $90 million, with nearly $70 million coming from transactions on the Blur NFT Marketplace.Switch from OpenSeaSince February of this year, there has been…
Author: Crypto Flexs
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Bitcoin price rose more than 5% and broke the $40,000 resistance level. BTC is rising and could soon head higher towards the $42,000 resistance. Bitcoin broke the $38,500 resistance zone and surged above $40,000. The price is trading above $40,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a connecting bullish trendline forming with support near $40,100. The pair may continue to rise towards the $42,000 resistance. Bitcoin price liquidated at $40,000 Bitcoin price remained strong and was able to break the $38,500 resistance zone. BTC bulls gained strength and…
Your biggest monthly bill is likely to be your mortgage payment. BitPay Bill Pay simplifies the mortgage payment process using cryptocurrencies or any other type of bill. Additionally, you can use virtually any cryptocurrency wallet and choose from any of the cryptocurrencies supported by BitPay.Buying a home is one of the largest financial transactions most people make. And unless you have hundreds of thousands of dollars, you’ll likely need a mortgage before even picking out curtains and furniture. If you’ve ever wanted a way to pay off your mortgage with cryptocurrency, read our detailed primer on how easy it is…
join us telegram A channel to stay up to date on breaking news coverage The price of Bitcoin has surged 11% over the past 24 hours, trading at $41,351 as of 2:45 a.m. ET. Because the king of cryptocurrencies has shaken the psychological level of $40,000. BTC market dominance is now at 52% with a 55% increase in trading volume. One of the most striking evidence of increasing buying pressure is the inverse correlation between Bitcoin and Tether (USDT) stablecoin dominance. As shown in the chart below, there is an inverse correlation between USDT dominance and BTC. The dominance has…
Arbitrum DAO, a layer 2 networking system designed to improve Ethereum blockchain scalability, recently took a significant step in expanding its Short-Term Incentive Program (STIP). The DAO, which is governed by ARB token holders and funded through transaction fees, voted to increase its STIP budget by $23.4 million. This decision was made following a community vote that took place from November 18 to December 2, 2023. The proposal aimed to provide additional funding to projects that were previously approved but unfunded due to the initial 50 million ARB token limit set in STIP. The recent vote resulted in an additional…
According to December 4 post According to Salvadoran President Nayib Bukele, El Salvador’s cumulative Bitcoin (BTC) investment currently stands at $131 million, with a net profit of $3.6 million, or a gross profit of 2.84%.“Of course we have no intention of selling. That was never our goal,” Bukele said. “We are fully aware that prices will continue to fluctuate in the future. “This does not affect our long-term strategy.”El Salvador #Bitcoin Investment is profitable!After literally thousands of articles and hits mocking our expected losses, all calculated based on: #BitcoinThe price at the time was…with the present #Bitcoin Market price, if…
The total value of assets under management for cryptocurrency-related investment products increased 107% to $46.2 billion after the 10th consecutive week of inflows recorded by these products.According to CoinShares’ weekly report, cryptocurrency products recorded strong inflows of $176 million over the past week, bringing total inflows over 10 weeks to an impressive $1.76 billion. The asset manager noted that these sustained inflows are the most significant since October 2021, coinciding with the launch of futures-based ETFs in the US.Notably, these inflows amplified Exchange Traded Products (ETP) volume to approximately $2.6 billion, accounting for 12% of total Bitcoin (BTC) volume.These inflows…
Bitcoin (BTC) faced rapid volatility as the new week began with BTC price action focused on $42,000. Will you be able to endure it?The biggest cryptocurrency, which posted a weekend gain of more than 10%, is still keeping traders guessing its next move.A rise to $40,000 was well expected, but the question now is whether the recent move represents the start of a new trend or, conversely, a new bulltrap.Currently, valuations vary widely, with bullish and bearish views fighting for vindication.Cointelegraph takes a look at the most important support and resistance levels currently underway after the recent BTC price performance…
Ethereum (ETH) price soared today, hitting a 2023 high of $2,250 as the cryptocurrency market continues its upward trend toward a successful year-end. Ethereum’s recent strong upward trend coincides with Bitcoin’s continued attempts to break the $41,000 mark it achieved today. At the time of this writing, the price of Bitcoin was $41.437. Analysts said the approval of BlackRock’s spot Ethereum product would lead to an influx of institutional capital into Ethereum, the second-largest cryptocurrency network globally. Ethereum price surge The most recent chart shows an upward trajectory that has many analysts and investors optimistic that the cryptocurrency will reach…
A widely respected analyst says Bitcoin (BTC) is setting the stage for a surge as one of the leading indicators points to strong momentum for the cryptocurrency asset. In a new thread, macroeconomist and cryptocurrency strategist Henrik Zeberg says 121,200 followers on social media platform Traders watch RSI closely because it can indicate a continuation of a trend. According to Zeberg, BTC’s RSI has been on the rise for the past three times, moving into bullish territory. “BTC: Weekly RSI moves towards ‘strong momentum’. BTC rose strongly for three sessions prior to moving into this area. This time will be…