BONK is showing a bear market structure on the 12-hour chart. Sentiment toward meme coins also tilted bearish. Bonk (BONK) has had a strong rally over the past week, up 92% from January 8th to January 10th. Despite the surprising rally, price charts on higher periods showed that BONK has a bearish outlook. At press time, BONK bulls were fighting to defend the $0.000013 support level. A drop below this level is likely to push prices 25%-30% lower. Understanding BONK’s Bearish Bias Source: BONK/USDT on TradingView On the 12-hour chart, BONK posted a bearish order block at $0.000016. These zones…
Author: Crypto Flexs
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In a notable statement, BlackRock CEO Larry Fink expressed a positive view of Bitcoin during an interview with CNBC today, asserting that Bitcoin is “an asset that protects you.”“I believe that if the world gets scared, if people are afraid of geopolitical risk and if they are afraid of their own risk, it will rise,” Fink said. “It’s no different from what gold has stood for for thousands of years: it’s an asset class that protects you.”Fink’s recognition of Bitcoin as a protected asset means he is helping to change the narrative surrounding the digital currency, emphasizing its role as…
Nike’s digital wearables division, .Swoosh, has hinted at delving deeper into the realm of video game fashion. According to a January 12 blog post, the company also expressed doubts about its non-fungible token (NFT) expansion plans. Nike unveils virtual travel .Swoosh, the digital flagship of Nike’s sportswear giant, recently announced its efforts and previewed its future plans. Nike also plans to strengthen its presence in the video game space by launching a new virtual product line called Nike In-Game Wearables. The team says you can purchase these wearable devices and wear them directly inside your favorite video games, adding a…
Illustration by Mitchell Preffer for Decrypt.The historic and hotly anticipated approval of a Bitcoin spot exchange-traded fund (ETF) this week basically blocked the sun from the rest of the cryptocurrency solar system and, quite frankly, caused a deluge of headlines. decryption.All the theories and analysis about what approval means for the best cryptocurrency value have finally been tested. Up or down? Is there a price? Will Bitcoin enter the next phase of its evolution or will it simply be shrugged off? After all, Bitcoin spot ETFs are nothing new outside of the United States.The answer to the question of going…
VanEck announced that it will discontinue USD multi-currency trading for a subset of its Exchange Traded Products (ETPs). These include VDOT, VBTC, VETH, and VSOL. Although it is not listed on the SIX Swiss exchange, it can be purchased in USD and EUR at Euronext Amsterdam, Xetra and Euronext Paris respectively. The suspension of trading activity will not affect the availability of CHF on the SIX Swiss Exchange. That action will not change. Multi-currency trading will be suspended from December 11, 2023 following the close of trading. VanEck is currently led by CEO Jan van Eck. He believes that we…
Vanguard refuses to host Bitcoin ETFLeading US asset management firm Vanguard Group has reinforced its cautious approach to cryptocurrencies by refusing to offer spot Bitcoin exchange-traded funds (ETFs) on its platform. This decision is consistent with Vanguard’s focus on traditional investment vehicles such as stocks, bonds and cash, which it believes are essential to a balanced long-term portfolio.JUST IN: $7.7 trillion asset manager Vanguard has been laid off. #Bitcoin Futures ETFs are issued on the platform.— Watcher.Guru (@WatcherGuru) January 12, 2024 Bitcoin futures ETF also excludedIn a further step underscoring its conservative stance, Vanguard will no longer facilitate the purchase…
Posted 1 minute ago In ~ GameStop announced the closure of its NFT marketplace. In a statement posted on the site, the company said the reason for the closure was “ongoing regulatory uncertainty in the cryptocurrency industry.” The marketplace officially launched on Halloween 2022 and focuses on gaming assets in collaboration with ImmutableX, an Ethereum layer 2 blockchain. The news marks GameStop’s virtual exit from the cryptocurrency space after shrinking its cryptocurrency wallet last August. Customers will be able to sell their NFTs on other marketplaces, a message on the website says. This is because digital assets are hosted on…
Cryptocurrencies have become a hot topic in recent years, with many people investing in various digital currencies as a way to diversify their portfolios and potentially earn high returns on their investments. One cryptocurrency gaining traction is CosmosCoin, a decentralized digital currency that aims to revolutionize the way we trade and store value online. What is Cosmos Coin? Cosmos Coin is a P2P digital currency that utilizes blockchain technology to enable safe, fast, and inexpensive transactions. Unlike traditional fiat currencies, Cosmos Coin is not controlled by any central authority and is therefore immune to government manipulation and inflation. This decentralized…
Working against Kraken is a lawsuit filed last year by the SEC, the agency responsible for approving Kraken’s public listing. It is worth noting that several other exchanges and brokerages have sought listings, including Israel-based eToro and CoinDesk’s parent company Bullish, but have been blocked by the SEC. If the conversation expands beyond the US market, the EU’s Bitpanda and Mexico’s Bitso should also be on the lookout.
Solana (SUN)) Of course it could be so. Continue your amazing steps From 2023, according to the latest analysis: Cryptocurrency analyst Ali Martinez. The analyst laid out certain conditions under which SOL could rise next. Up to $150 soon. How Solana Got to $150 Martinez commented on X (formerly Twitter): post Solana escaped. bull flag This is an evolution of the 4-hour chart he shared. According to him, the cryptocurrency token could rise towards the $150 to $165 price range if it continues to close above $106. However, this was not the case for SOL as price levels have fallen…