The recent ADA price action indicates strong support for the $0.488 price level as the cryptocurrency continues to perform poorly over the past month. However, according to cryptocurrency analyst Ali Martinez, Cardano’s current price performance is somewhat similar to a repeat of previous price action. The analyst noted that Cardano’s price movements are very similar to what they were at the end of 2020, before ADA began its massive bull market. If history repeats itself, Cardano could be gearing up for another major rally that will send the price towards $8. ADA price chart shows similarities with previous consolidations Cryptocurrencies…
Author: Crypto Flexs
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Several factors worsened bearish market sentiment on Monday, sending the Bitcoin price below the $43,000 level.The world’s largest cryptocurrency by market capitalization was down more than 0.5% over the past 24 hours to $42,676 as of 12 PM ET, according to The Block’s pricing page.Price action resulted in the liquidation of more than $75 million worth of long cryptocurrency positions, according to Coinglass data. Over the past 24 hours, liquidated Bitcoin leveraged positions have surged to nearly $30 million, of which more than $18 million were long positions. On Monday, the price of Bitcoin fell below $43,000. Image: The Block’s…
Cryptocurrency-linked investment products recorded the second-largest inflows of 2024 last week, reaching $708 million, almost 99% of which came from Bitcoin. US markets recorded $721 million in inflows, with new ETFs alone raising $1.7 billion. Spot Bitcoin ETFs have consistently attracted an average of $1.9 billion in capital over the past month, totaling $7.7 billion since approval, according to CoinShares research. The Bitcoin ETF has maintained an average of $1.9 billion in inflows over the past four weeks, reaching a cumulative $7.7 billion since it was first introduced in the second week of January. Despite the surge, $6 billion was…
Our privacy policy, Terms of Use, cookie, and Do Not Sell My Personal Information has been updated.CoinDesk is a leader in news and information about cryptocurrencies, digital assets and the future of money. award-winning We are a media outlet that pursues and adheres to the highest standards of journalism. Strict editorial policy. November 2023, CoinDesk Acquisition Bullish Group Owner Bullish is a regulated institutional digital asset exchange. Bullish Group owns the majority of: Block One; both groups understanding It has various blockchain and digital asset businesses and a significant portion of digital assets, including Bitcoin. CoinDesk operates as an independent…
Chainlink (LINK) price has shown impressive gains over the past week, hitting a new yearly high. The emergence of this bullish rally continues to signal that the price surge is not over yet, as LINK bulls continue to hold firm near the $18 support area. Crypto analyst says Chainlink bullish flag has been broken. In an analysis published on the TradingView website, cryptocurrency analyst CobraVanguard explains why the Chainlink price is currently very bullish. According to analysts, despite altcoins showing very bullish signs, many traders do not realize that this is the case. They identified flagpoles created on the charts…
Spain’s finance ministry is set to expand its controls over domestic cryptocurrencies to allow it to seize digital assets to settle tax debts. A proposed legislative reform to general tax law would give the Spanish National Tax Service the power to identify and take over cryptocurrency assets owned by taxpayers with overdue debt. The move follows a royal decree that came into effect on February 1 expanding the agencies authorized to collect taxes on behalf of the government. The Treasury also plans to combat tax evasion by requiring banks and electronic money institutions to report all card transactions. Spanish residents…
Welcome to the ultimate guide to LibertyCoin, the revolutionary cryptocurrency that is changing the way we think about money and finance. In this guide, we’ll take a look at LibertyCoin’s origins, key features, and how it is changing the world of digital currencies. Origin of Liberty Coin LibertyCoin was created in 2017 by a team of blockchain and cryptocurrency experts who are passionate about creating a truly decentralized and secure digital currency. The goal was to provide a payment system independent of traditional banking systems and government controls, allowing users to transact freely and safely. Main features of Liberty Coin…
In the evolving contemporary art landscape, few artists capture the essence of change and permanence as powerfully as Ryan Koopmans and Alice Wexell. Their artwork bridges the gap between the natural world and urban decay. They delve into the heart of abandoned places and transform them into digital masterpieces that question the boundaries between reality and digital artificiality. Together, they explore the concepts of heritage and preservation in the digital age by recording their work on Bitcoin’s immutable ledger. Their latest work ‘The Origin’ demonstrates their innovative approach to digital art. Combining photography, digital manipulation, and Bitcoin ordinal technology to…
Technology • February 5, 2024, 10:48 AM EST Posted 1 minute ago In ~ Crypto mobile payments company Oobit has secured $25 million in Series A funding in a round led by Tether, Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital, the company said in a statement.Founded in 2017, Oobit seeks to eliminate “merchant friction” and provide functionality similar to Apple Pay, allowing consumers to utilize the app to pay for goods and services with cryptocurrency.“Tether’s strategic investment in Orbit highlights our unwavering commitment to welcoming new users to the cryptocurrency ecosystem,” Tether CEO Paolo Ardoino said in a…
SOHOTRN (SOHOT), a cryptocurrency operating on the Ethereum platform, has been making waves in the cryptocurrency market since its launch in January 2024. With a total token supply of 1 billion and a self-reported circulating supply of 800 million, SOHOTRN has shown remarkable performance, especially considering its recent price surge. SOHOTRN Market Statistics As of last update, SOHOTRN is trading at $0.0011328866103326478 and has registered an impressive 49.92% increase in the last 24 hours. This surge is part of a broader trend, with the coin rising 17.69% over the past 60 and 90 days and 15.66% over the past week.…