Bitcoin price maintains an upward trend above $37,000. BTC is consolidating and could target another rally soon if it clears the $38,000 resistance area. Bitcoin is still consolidating below the $37,750 resistance level. The price is trading above $37,200 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a short-term contraction triangle forming with resistance near $37,420. A break above the $38,000 resistance could lead to significant upside for the currency pair. Bitcoin price remains supported Bitcoin price maintained a good bid and began a steady rise above the $37,000 resistance.…
Author: Crypto Flexs
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Ethereum price soared above $2,050. ETH is currently consolidating gains and may soon target another rally towards the $2,150 level. Ethereum is consolidating and facing resistance near the $2,080 area. The price is trading above $2,030 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a short-term contraction triangle forming with resistance near $2,080. A break above the $2,080 and $2,090 resistance levels could extend the rally. Ethereum price is holding steady Ethereum price began a strong rise above the $2,000 resistance level. ETH outperformed Bitcoin yesterday by breaking above the $2,050 resistance…
Bittrex has decided to cease its global operations due to strong regulatory pressure. Customers are prompted to withdraw their funds as quickly as possible. Bittrex Global, a UK-based cryptocurrency exchange, has announced that it will shut down all trading activities globally from December 4th. After the applicable effective date, Customer may withdraw assets only as part of the curtailment process. “Starting Monday, December 4, 2023, all trading activity on Bittrex Global will cease. After December 4th, only cancellation is possible. Please log in and withdraw all assets.” According to a new update from Bittrex Global. Another person bites the dust…
Alchemy Pay continues to expand in the U.S. and is now licensed to transmit money in Iowa. Cryptocurrency payment gateway Alchemy Pay has obtained a money services license in Iowa as part of its plans to expand broadly into the United States. Obtaining a license complies with local state laws that require individuals or entities operating a money transfer or currency exchange business to obtain a license. Speaking with Cointelegraph about the license, the head of the Alchemy Pay ecosystem emphasized the need for proper regulation and confirmed Alchemy Pay’s commitment to compliance. “We believe that a well-structured regulatory environment…
Global cryptocurrency platform Chelsea Network LLC is set to undergo significant changes after its Chapter 11 plan was confirmed by the U.S. Bankruptcy Court for the Southern District of New York. The change came after the company faced challenges from the U.S. Securities and Exchange Commission (SEC). The restructuring plan initially included forming a new company with Fahrenheit, LLC focused on various crypto business activities. But the SEC’s request for more information about Celsius assets led to a strategic shift. Chelsea now plans to transition into a publicly traded, client-owned Bitcoin mining company known as Mining NewCo. Investment vehicle Fahrenheit…
Coinbase recently announced that it had increased its bond repurchase limit by $30 million. The cryptocurrency exchange is currently willing to spend $180 million to buy back the outstanding 3.625% senior notes.Bondholders have previously shown little interest in selling senior notes to cryptocurrency exchanges. Investors bid for $50 million worth of bonds last month. Cryptocurrency giant Coinbase announced that it has increased its bond repurchase limit by $30 million. The California-based cryptocurrency exchange is now willing to spend a whopping $180 million to fund the redemption of its 3.6% senior notes due in 2031. Senior debt is a type of…
To address these issues, investors are faced with a standard menu of options (Figure 1). To improve the balance between risk and return in your portfolio, you can reallocate to asset classes that offer better risk-adjusted returns, lower correlation, or both. For example, in recent years, certain investors have increased their exposure to alternatives, including private equity and illiquid private assets such as real estate. While this has been a successful approach, this type of vehicle is not available to many individual investors.
Blockchain analytics platform Token Terminal predicts that Ethereum (ETH), the world’s second most valuable cryptocurrency, could soar to more than $36,800 within 10 years based on total market projects. in depth analyze Covering Ethereum on November 23, the analytics platform gave several reasons to push the coin to astronomical levels of nearly 18 times its spot level. ETH price could reach $36,800 by 2030 | Source: Token Terminal Ethereum is king and is expected to handle $14 trillion in value by 2030. The Token Terminal report cited strengthening network effects, increasing token scarcity, and a successful transition to proof-of-stake (PoS)…
CryptoQuant analysts have identified a significant systematic buying trend in Ethereum, suggesting a growing inflow of strategic investments into the blockchain network. Analyst Reveals Ethereum Systemic Buying Trends Maarten Regterschot, cryptocurrency market observer and contributing analyst at CryptoQuant, said: X (formerly Twitter) posts systematic buying trends it has seen in Ethereum. The analyst presented a chart that indicated that one or more investors were engaging in time-weighted average price (TWAP) buying. Ethereum futures. Regterchot found that open interest for Ethereum increases linearly. This suggests that there has been systematic purchasing of ETH assets over an extended period of time. He…
According to OnChain, Blast, the newly introduced Ethereum (ETH) Layer 2 network, promises a “default rate of return” on ETH and stablecoin holdings, positioning itself as the third largest Ethereum holder in just three days after launch. Secured it quickly. data.Since its launch on November 20, the platform has accumulated more than 140,000 staked Ethereum worth approximately $286 million, leveraging Lido, a liquid staking protocol, according to Etherscan data. This accumulation represents approximately 1.5% of the total amount of staked Ethereum.Data from Debank shows that the protocol’s multi-sig wallet currently holds more than $335 million in assets, including Ether staked…