The largest cryptocurrency asset recovered from yesterday’s low of $40,200 to $42,000 this morning before falling to $40,600 in the afternoon in the US. After recouping some losses, BTC was trading at $41,300, up slightly 0.3% over the last 24 hours.
Author: Crypto Flexs
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Bitcoin (BTC) price continues to trade below its 2023 high, a sign that investors may have underestimated the power of $44,000 resistance. Just because the price of BTC is trading below $42,000 does not necessarily mean that reaching above $50,000 is no longer possible. In fact, the opposite seems more likely to happen. Looking at Bitcoin derivatives indicators, it is clear that traders have ignored the 6.9% drop and remained optimistic. But is this optimism enough to justify further gains?The liquidation of $127 million in leveraged Bitcoin buy futures on December 11 may seem significant in absolute terms, but it…
join us telegram A channel to stay up to date on breaking news coverage Avalanche prices are up 15% over the past 24 hours, trading at $41.01 as of 2 a.m. ET, driven by a 35% surge in trading volume. It comes as investors have shown significant interest in the Avalanche network, with $2 million in capital flowing into the AVAX-based cryptocurrency investment fund last week, according to CoinShares. Among the major companies that have shown interest in the AVAX network is JPMorgan, which announced in November that it would use the Avalanche blockchain for portfolio tokenization. ➤ A milestone…
Former President Donald Trump is adding a twist to his latest NFT sales pitch with another set of digital trading cards that will give fans the chance to not only have dinner with him, but also win a piece of the suit he wore for his latest mugshot. has been released.The new “Mugshot Edition” trading cards cost $99, and anyone who buys 47 in a single transaction ($4,653) will receive a chance to enjoy dinner with Trump and the suit he wore when police took his mug shot. You will receive all of the actual trading cards included. in Georgia…
Crypto analyst Jason Pizzino believes traders should be wary of Ethereum (ETH) rival Solana (SOL). This is because Solana (SOL) is showing a technical pattern reminiscent of the highs of the last cycle. In a new YouTube video, Pizzino tells his 300,000 subscribers that Solana is currently printing a pattern similar to what it showed in 2021 when it peaked at around $260. The analyst noted that he predicted the SOL rally would probably end in late November, when SOL was trading in the $55-$60 range. He noted that the price of SOL surged from there, then fell again, and…
Despite not rallying as hard as other altcoins in the cryptocurrency market, Dogecoin is still gaining traction among retail investors. These retail investors have placed large buy orders on the open markets, which has undone the selling pressure of the past few days. Dogecoin buy orders outpace sell orders. In an interesting turn of events, Dogecoin buyers are becoming the dominant players in meme coins. This shift in dominance is evidenced by order book data from top exchanges, which show very large buying walls compared to sellers. IntoTheBlock’s Exchange-Onchain Market Depth page shows that there are far more Dogecoin bidders…
=none; Ethereum infrastructure developer Foundation has unveiled its latest innovation, a proprietary Type-1 zero-knowledge Ethereum virtual machine (zkEVM) powered by zkLLVM, an automatic circuit compiler, the company said in a statement on December 12. CryptoSlate.The foundation said the released zkEVM technology underpins its innovation =nil;, a zkRollup solution designed to significantly improve Ethereum’s scalability to over 60,000 transactions per second (TPS) through zkSharding.The cutting-edge zkEVM also powers =nil;’s zkRollup function on the Ethereum mainnet, promising improved security while maintaining full compatibility with blockchain networks.=nil;’s automated circuit compiler, zkLLVM, stands out in that it can compile advanced code like C++ or…
Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act has received support from five additional senators, signaling growing support for legislation targeting the illicit use of cryptocurrencies. indicates. Senators Raphael Warnock, Laphonza Butler, Chris Van Hollen, John Hickenlooper, and Ben Ray Luján joined as co-sponsors of the bill, strengthening bipartisan efforts to crack down on money laundering and terrorist financing through cryptocurrency assets.In a December 11 announcement, Senator Warren expressed satisfaction that new senators have joined the cause and emphasized the bill’s strong approach to combating the illicit use of cryptocurrencies. The bill, introduced back in July, aims to provide regulators…
Former US President Donald Trump has opened his third non-fungible token (NFT) drop center on the subject of ongoing criminal prosecutions.According to the December 12th presentationCalled “MugShot,” this trading card can be purchased via credit card or Wrapped Ether (wETH) and is non-transferable until December 31, 2024. Users must provide know-your-customer (KYC) information to purchase NFTs. The same applies if you choose to pay with cryptocurrency. Explaining the rationale behind the collection, the developers wrote:”On Thursday, August 24, 2023, President Trump was officially arrested in Fulton County, Georgia. This is a moment in history: the first mugshot of an American…
AVAX, the native token of the Avalanche ecosystem, surprised the market with double-digit gains amidst shortcomings in the broader cryptocurrency space. The AVAX token broke the $40 barrier on December 12, reaching an intraday high of $43. At the time of publication, the layer 1 token was trading at $38, up 12% in the last 24 hours and 123% in the last 30 days.AVAX market cap soars 341% in two monthsThe recent rally has further increased the Avalanche’s total market value from $3.25 billion when the recovery began in mid-October to its current valuation of $14.35 billion. This is an…