Whales Sweep Bitcoin, Bullish Momentum Dampens as Crash Bitcoin price hits all-time low of $65,911 as US government transfers Silk Road BTC Bitcoin, which had fallen from an intraday high of around $70,000 on Monday, regained gains after former US President Donald Trump highlighted the recently concluded Bitcoin 2024 conference. However, the rally that had formed around Trump’s speech suddenly disappeared after the US government withdrew $2 billion worth of BTC from Silk Road. This news made investors nervous and the cryptocurrency market crashed. Bitcoin price fell more than 4% on major cryptocurrency exchanges to $65,911, and has fallen into…
Author: Crypto Flexs
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Solana (SOL) is currently retesting the important support at $165, the same low that was formed earlier in the week. If the asset closes its daily positions below this range, it could see a further 25% drop to $122 in the coming weeks.Bitcoin and Solana’s Correlation Is GrowingSolana’s 8% correction in the past day could be linked to the overall market decline. After the FOMC meeting announced unchanged rates, BTC fell 3%, which caused SOL to fall to $166. SOL has seen a sharp decline as data shows that both assets currently share a correlation index of 0.67. Solana vs…
ETH staking officially began on December 1, 2020, with the launch of Ethereum 2.0. This heralded a new era for the Ethereum blockchain, transitioning from a Proof of Work (PoW) mechanism to a more energy-efficient Proof of Stake (PoS) mechanism. This was a transition aimed at increasing the network’s scalability, security, and energy efficiency. For investors and cryptocurrency enthusiasts alike, Crypto Staking You can get rewarded for your contribution to ensuring network security.The rapid growth of cryptocurrencies has created a need for a highly reliable platform for cryptocurrency staking. Staking Bonus One of the leading platforms that allows for safe…
Notecoin no -5.37% We have launched a new story-driven Telegram game in collaboration with TON social project team Lost Dogs Co and NFT trading platform Getgems.Notcoin became so popular that it became the first Telegram game to pioneer the clicker tap-to-earn model, attracting 35 million players. All users had to do was press a button to earn in-game currency, which later led to a $1 billion NOT token airdrop on the TON blockchain. According to The Block’s Notcoin price page, the NOT token currently has a market cap of $1.3 billion.Other clicker-style Telegram games followed, such as Hamster Kombat, Yescoin,…
Two market experts recently revised their predictions for Ethereum, with one claiming that the second-largest crypto token could hit $100,000. Interestingly, this bullish prediction is in line with the predictions of some financial institutions. Ethereum rises to $50,000 Ethereum maximalist Adriano Feria predicted in a post on X (formerly Twitter) that Ethereum could hit $50,000 in this market cycle. He made this bold prediction in response to Ethereum developer Eric Conner’s prediction that ETH would hit $35,000 in this cycle. Conner initially predicted that ETH would hit $20,000 in this bull market, but eventually revised his price target as “hate…
Felix Pinkston August 1, 2024 10:16 Binance Pay users can earn up to 35 USDT by participating in a new conversion campaign that will run from August 1 to August 15, 2024. Leading cryptocurrency exchange Binance has announced a new campaign via its Binance Pay feature, offering users the chance to win up to 35 USDT in rewards. According to an official announcement from Binance, the promotion will run from August 1, 2024 to August 15, 2024. To participate, users must first access the Binance Pay section of the Binance app and tap on…
Venture capitalist Chris Burniskey believes Solana (SOL) could soar to a four-figure price in this market cycle. The former head of crypto at ARK Invest told his 296,900 followers on social media platform X that Solana’s bull market price target of $1,000 may be “conservative.” Burniske’s outrageous price target for Solana comes after a poll he conducted on X found that investors on the platform were overvaluing SOL. Earlier this week, Burniske asked his followers which of the three assets they held the most: Bitcoin (BTC), Ethereum (ETH), or Solana? In a survey with 21,945 votes, SOL received 35.4% of…
Bitcoin (BTC) is seeing “wild” order book action as bulls attempt to prevent further declines in the BTC price.According to the latest data from monitoring resource CoinGlass, a new support battleground is forming near $63,000.Bitcoin traders build the last line of defenseAccording to Cointelegraph Markets Pro and TradingView, Bitcoin hit a new domestic low of $63,400 on August 1, 5% lower than its previous day’s high.Even after recovering the $64,000 level, traders believe the price will still face that low again.According to CoinGlass, the $63,300 supported liquidity alone currently amounts to nearly $100 million across exchange order books.BTC Liquidation Heatmap…
Bitcoin price extended losses and tested the $65,500 support zone. BTC is currently consolidating and could target a fresh upside if it breaks $66,500. Bitcoin has tested the $65,500 level and is attempting a recovery. The price is trading below $68,000 and the 100 hourly simple moving average. According to data provided by Kraken, the hourly chart of BTC/USD shows a resistance line forming at $66,400, forming a downtrend line. The pair could see a fresh uptrend if it breaks the $66,500 resistance zone. Bitcoin price returns to support again Bitcoin price extended losses below the $66,500 support zone. BTC…
Bitcoin Bitcoin -2.77% Mining firm Riot Platforms reported widening losses in the second quarter of this year as the impact of the Bitcoin halving in April continues to linger.Riot reported a net loss of $84.4 million in the second quarter of this year, compared to a net loss of $27.4 million in the same period last year, according to the company’s latest quarterly report. report It was released on Wednesday.The miner’s total revenue fell to $70 million in the second quarter from $76.7 million in the same period last year. “The decrease was primarily due to a $9.7 million decrease…