reporter Posted on: December 12, 2023 AVAX’s rally occurred amid a market-wide price correction. Whale trading has increased significantly over the past two weeks. Defying the sharp decline in the broader market, Avalanche (AVAX) has surged nearly 16% in the past 24 hours, breaking into the list of top 10 cryptocurrencies by market capitalization. AVAX rebounded above $40 for the first time since May 2022, pushing its weekly gain to 84% and doubling its value since early 2023. AVAX moves in the other direction. Here, it is interesting to observe the relationship between market indicators such as AVAX and Bitcoin…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage Biconomy price prediction shows BICO moving to the upside as a crossover above the $0.35 price mark is expected. This economic forecast statistical data: Current Biconomy price – $0.33 Bieconomy Market Capitalization – $250.8 million Bieconomy Circulating Supply – 710.7 million units Bieconomy total supply – 1 billion Bieconomy CoinMarketCap Ranking – #172 BICO/USD Market Main level: Resistance levels: $0.40, $0.42, $0.44 Support levels: $0.28, $0.26, $0.24 BICOUSD – daily chart BICO/USD is trading at $0.33 after hitting an intraday high of $0.35 in today’s European…
On Monday, the largest international trade union confederation announced a deal with tech giant Microsoft, opening the door for employees to form unions and starting a conversation about how artificial intelligence will be used and implemented at the company.“By working directly with labor leaders, we can help AI serve our nation’s workers,” Microsoft President Brad Smith said in a statement. “This groundbreaking partnership respects workers’ rights, learns from the input of labor leaders as we develop our skills, and helps provide people with the skills essential for the new era of AI.”According to the AFL-CIO, the agreement’s goals include sharing…
Ethereum price has begun a consolidation phase after a sharp decline. ETH needs to clear the $2,275 resistance to start a new rally in the near term. Ethereum recovered its losses after testing the $2,000 support zone. The price is trading below $2,320 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $2,240. A break above the $2,250 and $2,275 resistance levels could provide bullish momentum. Ethereum Price Eyes Fresh Increase Ethereum price, like Bitcoin, began a sharp decline below the $2,300 pivot level. ETH…
Bitcoin (BTC) total open interest (OI) is showing a sharp decline as the whale price falls to $44,000. Bitcoin’s total OI fell 10.4% from $8.1 billion to $7.2 billion over the past 24 hours, according to data provided by market intelligence platform Santiment. After surpassing $44,000 on December 6, the price of 1BTC has fallen 0.6% over the past 24 hours and currently sits at $41,950. BTC Price and Open Interest – December 12 | Source: Santiment The asset currently has a market capitalization of $822 billion and a daily trading volume of $32.1 billion. As the asset’s OI fell,…
Bitcoin (BTC) faces an uphill climb to reignite its uptrend after its biggest single-day loss of 2023.The largest cryptocurrency continues to recover after falling to a low of $40,200 at the close of the week on December 10, according to the latest data from Cointelegraph Markets Pro and TradingView. .BTC/USD 1-hour chart. Source: TradingViewNew key support and resistance levels are emerging as BTC price action breaks away from the relentless gains that many claim are overdue.The next few days will present many opportunities for potential volatility. US macro data releases begin on December 12, followed by the Fed’s interest rate…
Dubai Virtual Asset Regulatory Authority (VARA) has granted a conditional license to Enjinstarter’s AYA platform to provide cryptocurrency assets and investment services. On December 11, Enjinstarter, the Dubai arm of Web3 Launchpad and advisory firm, received a cryptocurrency license subject to certain conditions before launching services. The platform will undergo regulatory revalidation and approval after meeting all requirements of Dubai regulator VARA. The announcement is as follows:“The license will not be operational until the company fully satisfies all remaining conditions and selects the localization requirements defined by VARA.”Enjinstarter has not yet responded to Cointelegraph’s request for comment on its outstanding…
Posted 1 minute ago In ~ Community members of derivatives protocol Synthetix have approved governance proposal SIP-2043, targeting its termination. SNX +8.08% Token inflation.The cessation of inflation will lead to the adoption of new strategies, including token buybacks and burns, which are scheduled to be implemented in the protocol’s future Andromeda software releases.As a result, Synthetix stakers will no longer need to claim weekly inflation token rewards.Inflation rewards were initially introduced to encourage liquidity and growth, but the core team noted that token inflation “becomes less effective as an incentive, leading to its termination.”Going forward, the project plans to reduce…
Avalanche (AVAX) appears to be one of the few major cryptocurrencies that has been able to overcome the recent cryptocurrency decline, posting a phenomenal 79% weekly gain while other cryptocurrencies fell.Some analysts believe this is due to recent partnership announcements and increased trading volume and total value fixation, while others claim there is a change in the way altcoins are valued.Bitcoin (BTC) and Ethereum (ETH) plunged 6% on December 11, while AVAX rose 13.6% in the past 24 hours, according to CoinGecko data. Avalanches have increased by 79% over the past seven days. Source: TradingViewRyan Mcmillin, chief investment officer at…
In an important development for institutional adoption In the digital assets sector, M&G Investments, the asset management arm of pension giant M&G Plc, has invested $20 million in a UK-based cryptocurrency derivatives trading platform. According to a recent Bloomberg report, this move represents a step forward in restoring institutional trust in the cryptocurrency market following the FTX collapse last year. report. High scores for cryptocurrency derivatives platform M&G Investments acquired the stake as part of a $30 million Series B, according to Bloomberg. funding round For Global Futures and Options Ltd., known as GFO-X. The capital injection was made on…