Cryptocurrency known as Bitcoin SV (BSVThe controversial Bitcoin fork) saw a huge surge, crossing the $100 threshold for the first time since April 2022. This significant growth has resulted in a spectacular reversal in market value. There has been a notable increase of 108% over the past week. There are a number of favorable technical indicators contributing to this rise. These indicators include the bullish Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), both of which indicate that significant upward momentum is occurring. In particular, the relative strength index (RSI), a momentum indicator used in technical analysis,…
Author: Crypto Flexs
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Bitcoin isn’t the only digital asset making big gains early in the new year. A number of altcoins are also surging, a few of which have been leading the market for months and analysts are predicting huge gains in 2024. The overall cryptocurrency market capitalization rose to $1.82 trillion on January 2, reaching its highest level since May 2022. Bitcoin Reclaims Its Ground: Altcoins Could Be Ready for Phenomenal Highs Bitcoin leads the market, rising 7% to surpass $45,000 for the first time in nearly two years. However, some altcoins are currently seeing even bigger gains. On January 1, cryptocurrency…
Solana is up more than 10% and is trending above $105. SOL price appears to be preparing for an upward reversal above the $125 resistance zone. SOL price started a new bounce above the $100 resistance level against the US dollar. The price is currently trading above $105 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair (data source from Kraken), a breakout occurred above the main contraction triangle with resistance near $104. If there is a clear move above the $118 resistance, the pair may continue to rise. Solana price begins a new…
Recently, Justin Sun, founder of TRON and CEO of BitTorrent, has attracted a lot of attention in the cryptocurrency world. As recent data shows, the estimated value of his cryptocurrency portfolio is around $1.4 billion. Portfolio composition Sun’s portfolio vividly demonstrates his investment acumen and the volatile yet highly profitable nature of the cryptocurrency market. In 2023 alone, his portfolio earned an impressive $323 million. Analysis of his holdings shows strategic diversification across various cryptocurrencies. Key Holdings: The largest portion of his portfolio is in Wrapped Staked ETH (WSTETH), with an investment worth approximately $422.17 million. It is followed by…
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‘Blockchain’ is an interesting technology. Many technology experts and early adopters of blockchain have called ‘blockchain’ the biggest invention after the internet. And like the early days of the Internet, it’s slow, not user-friendly, and not perfect. I also believe that blockchain will do for everything else what the internet did for information. However, just as most people are unaware of the Internet boom, many people are unaware of the revolution that blockchain will bring. I feel this because blockchain is more complex than the Internet and the context is not clear enough as to why this technology is so…
Udi Wertheimer advocates the adoption of Bitcoin Ordinals and fights against those who want to remove them. However, many people reject the concept of Bitcoin Ordinals, which are similar to non-fungible tokens (NFTs) but reside on the Bitcoin blockchain. “I’m not trying to convince you that the inscription/BRC20/stamp/etc. is not spam/scam/whatever,” the post said. People should experiment with Bitcoin ordinal numbers Wertheimer said in a post on X (formerly Twitter) that people should not undermine Bitcoin ordinal enthusiasts and developers working in the field. He declares that “many ordinal teams have very strong developers.” Instead, he encourages his 183,400 followers…
John G. Roberts Jr. The Chief Justice recently commented on the rapidly evolving artificial intelligence (AI) landscape in the legal profession. In his year-end report, Roberts touched on the history of Supreme Court technology and the potential future of technology intertwined with AI. This discussion comes at a critical time when AI is becoming an increasingly essential part of many professional fields, including law. The potential and pitfalls of AI in the legal field While Roberts acknowledged AI’s promising capabilities in legal research and its potential to make courts more accessible to those with limited resources, he expressed concerns. He…
FTM is down more than 12% over the past seven days. Buying pressure was high in FTM, but whales were selling their holdings. As the new year begins, Phantom (FTM), It displays a buy signal, one of the key indicators. This could be a decent opportunity for investors to stock up on tokens before they start rallying. So, let’s take a look at the token’s other metrics to see if investors are actually starting to accumulate more FTM. Phantom’s accumulation rate is high! Phantom investors were not in a good mood last week, with the token’s price falling by double…
One of us is from Kentucky and the other is from China. We both attend the University of Washington and Lee University in Virginia. Last summer, we helped Professor Seth Cantey, who is also a co-author of this article, conduct research on the role of Bitcoin and Tether in Lebanon. To help with that, we first had to learn a lot. What is Bitcoin and what problem does it aim to solve? How is it used in Lebanon? Can Bitcoin adoption alleviate the economic crisis? For two months we wrestled with these questions.But another question also came up. What do…