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Author: Crypto Flexs
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After a turbulent 2022 for the cryptocurrency industry, 2023 has provided much-needed relief to participants.From GBTC’s shrinking discounts to Binance’s market share decline, USDC pressure, the rise of Bitcoin NFTs, and the cryptocurrency market recovery, here are five charts that show how the industry has changed over the past year.GBTC’s discount to NAV narrowsGrayscale Bitcoin Trust (GBTC) discount fell to its lowest level in more than two years after Grayscale Investments won against the Securities and Exchange Commission in August in the process of converting its flagship GBTC product to a spot Bitcoin ETF. I lost.GBTC’s discount to net asset…
ARK 21Shares has submitted an updated Bitcoin ETF application. This development comes in the closing minutes of the SEC’s deadline of December 29, 2023. The community speculates that more applications may be processed to strengthen the chances of getting approved in the first stage. The tentative confirmation date is January 10, 2024. Not all applications will be approved, as the Committee has offered the possibility of rejecting all or part of the application. For ARK 21Shares, submitting an updated application a few hours before the final deadline will make it the fifth updated application. This amendment will likely be the…
One analyst pointed out two areas of demand that could be important for Bitcoin. Based on these supply barriers, here’s what’s next for BTC: Bitcoin on-chain support and resistance levels can provide hints about the next steps. As analyst Ali explains in a new article: post At X, Bitcoin has recently been floating between the two major supply walls for the asset. The “supply wall” refers to the amount of Bitcoin acquired in a specific price range. The chart below shows what BTC’s various supply walls look like for the cryptocurrency’s current spot price range. The data for the on-chain…
Cryptocurrency is more than a buzzword in modern society. It is a digital currency that will revolutionize the financial landscape and redefine the traditional concept of trading. With the continued development of the cryptocurrency market, all investors are targeting cryptocurrencies that perform well. Discover the minds behind innovation and inspiration as you explore the digital frontier. In this blog post, we take a closer look at the top five coins and their creators.chain linkChainlink, also known as LINK, has proven to be a key player in the blockchain world. It has gained popularity due to its outstanding features such as…
join us telegram A channel to stay up to date on breaking news coverage The Band Protocol price prediction shows BAND showing strength with a 6.10% gain as the coin prepares to cross the channel. Band Protocol Forecast Statistical Data: Current Band Protocol Price – $2.05 Band Protocol market capitalization – $300 million Band Protocol Circulation Volume – 137.4 million Band Protocol total supply – 141.8 million Band Protocol CoinMarketCap Ranking – 178th BAND/USD Market Main level: Resistance levels: $2.40, $2.50, $2.60 Support levels: $1.70, $1.60, $1.50 BANDUSD – daily chart BAND/USD is crossing the upper boundary of the channel…
The cryptocurrency industry has continued to face problems due to hacking and protocol abuse over the years.This trend continued until 2023. But there was good news. The amount of hacking has decreased by more than 50% compared to the previous year.According to TRM Institute, the amount of cryptocurrency stolen by hackers this year was estimated at $1.7 billion, less than half of the $4 billion recorded in 2022. Even though overall losses have decreased, a lot of money has still been stolen from individual projects.This year has seen several high-profile hacking incidents affecting major companies such as Multichain, Euler Finance,…
Crypto trading is lucrative to many. If you are reading this, chances are you have indulged in crypto trading too. While profitable, it can be highly pernicious to your financial health if not done properly. By properly, I mean doing it with the right mindset with the right set of tools such as market watcher, portfolio manager, Crypto trading journaling tool, low-cost trading exchanges, charts, crypto news aggregator, and finally, reliable exchanges where you can trade. Here is the list of cryptocurrency trading tools listed below: 3Commas (Single terminal for smart trading, Read 3commas review) Koinly (Crypto Portfolio & taxation…
Bitcoin (BTC) Price Analysis: Early 2024 – January 2, 2024 42230 Technology Orbit Bitcoin (BTC/USD) attempted to extend recent gains early in the Asian session, rising to the 42778.74 area following recent buying pressure near the 41300 area. BTC/USD posted a 156.3% gain in 2023 after falling 64.4% in 2022, solidified by an 11.3% gain in December and a 57.5% expansion in the fourth quarter. The recent relatively high reading near 45000 indicated a test of the 45278.22 level, which is an upside price target associated with historical upside around the 3858 area. Bullish price objectives above the market include…
The trader who correctly called Bitcoin (BTC)’s 2018 market bottom is predicting a new all-time high for one decentralized exchange (DEX) altcoin. Household analyst Bluntz told his 234,000 followers on social media platform Traders often watch bullish divergences closely as they can signal the end of a corrective move. Bluntz shares a chart that suggests INJ is poised to rise to an all-time high of $47. “INJ is something I have been trying to get involved with for a while and it has only continued to gain popularity. Finally, it fell almost 25% and this is where the bullish divergence…