This article is also available in Spanish. Bitcoin price rose above $88,000. BTC is currently consolidating gains near $90,000 and may decline slightly in the near term. Bitcoin expanded its gains and traded above the $88,000 level. The price is trading above $86,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bullish trendline attached with support at $85,200. If it stays above the $85,000 area, the pair could continue to rise. Bitcoin price sets another ATH Bitcoin price began a new rise above the $85,000 level. BTC cleared the…
Author: Crypto Flexs
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Timothy Morano November 13, 2024 11:54 Offchain Labs is advancing Arbitrum’s scalability by focusing on alternative client solutions such as Reth, Erigon, and Nethermind to improve throughput and efficiency. Offchain Labs is leading efforts to improve scalability, performance, and usability within the Arbitrum ecosystem, the company recently announced. This initiative is part of an effort to address ecosystem feedback about the need for vertical scaling and increased throughput. The company’s latest technology roadmap highlights its commitment to developing innovative solutions such as BoLD, Stylus and Timeboost. These innovations are designed to alleviate throughput constraints…
DeFi Technologies introduces SolFi. SolFi leverages SOL staking. Institutions may be exposed to SOL. As the cryptocurrency industry continues to grow, institutional interest in cryptocurrency assets has also increased. However, banks, pension funds, and other financial institutions lack a regulated way to hold cryptocurrencies. For this reason, investment firms are creating new regulated funds to get around this problem. DeFi Technologies is the latest investment firm to launch a fund for Solana. The SolFi fund is the latest fund to call itself “MicroStrategy for Solana,” following similar launches this year. SolFi launches another ‘MicroStrategy for Solana’Solana has taken a step…
Wang Long Chai November 13, 2024 09:42 Glassnode and Fasanara Digital release a report on institutional cryptocurrency trends as Bitcoin approaches $90,000, highlighting ETF inflows, spot market dynamics and capital circulation. Bitcoin (BTC) is seeing a surge in institutional demand as it approaches $90,000, according to Glassnode’s Q4 2024 Digital Assets Report in collaboration with Fasanara Digital. This comprehensive report provides strategic insights into the current bull market by focusing on spot market dynamics, ETF inflows, and capital circulation. Spot market dynamics According to the report, the cryptocurrency futures market is experiencing record volumes…
Dogecoin (DOGE) has been one of the main beneficiaries of the cryptocurrency market rebound, showing explosive moves, rising more than 160% in less than a week. DOGE is up 107% in the past week after adding $30 billion to its market capitalization in one day. As DOGE gains momentum, traders and analysts in the space are keeping an eye on the top memecoin’s next move, focusing on the psychological $1 level. Kaleo, a pseudonymous cryptocurrency trader, told his 656,000 followers on social media platform “The general PA (price action) here makes sense to me. It cuts through meme resistance (0.42069)…
Peter Jang November 13, 2024 07:47 Ethereum’s roadmap explores solutions such as FOCIL and multi-proposer schemes to address issues such as short-term censorship and proposer latency advantages to improve blockchain efficiency. Ethereum, one of the leading blockchain platforms, is solving critical challenges in the transaction supply chain that impact the economic efficiency of the ecosystem. According to a16z crypto, the focus is on addressing short-term censorship and proposer latency advantages through innovative solutions such as FOCIL and multi-proposer schemes. Solving short-term censorship issues The current Ethereum model gives a single proposer exclusive control over…
Maker’s exchange holdings and exchange supply ratio are hitting annual highs. MKR surged 30.8% last week. Cryptocurrency markets have seen a strong rally since the US presidential election, with Bitcoin (BTC) hitting a new ATH of $89,000. In this bull market, most altcoins and memecoins have reached h. However, some have achieved modest price recoveries while still maintaining overall bearish sentiment. One such altcoin is Maker (MKR), which has seen a modest price recovery. In fact, at the time of writing, Maker was trading at $1490. This represents an increase of 1.90% on the daily chart. Likewise, the altcoin is…
Bitcoin miners are sending a clear message. They are more optimistic than ever. As the Bitcoin network’s hash rate hits an all-time high, miners’ dedication highlights their confidence in the asset’s long-term potential. For daily Bitcoin charts, follow Bitcoin Magazine Pro on X.com. Hash Ribbon Indicator DescriptionThe Hash Ribbon indicator provides insight into miner activity and sentiment by analyzing the 30- and 60-day moving averages of the Bitcoin hash rate. When the 30-day moving average crosses 60 days, it signals a positive change and is often interpreted as the end of miner capitulation. These changes are usually a sign that…
Bitcoin was fighting for a record high on November 13 after briefly surpassing $90,000.BTC/USD 1-day chart. Source: TradingViewBitcoin price needs to “slow down.”Bitcoin (BTC) price hit a new record high of $90,240 on Bitstamp by the latest daily close, according to data from Cointelegraph Markets Pro and TradingView. After several attempts to break the $90,000 level, the bulls ultimately succeeded, but only briefly.Volatility remained high due to the psychological significance of the round number combined with high sell-side liquidity and a market that some say is already overextended.“BTC needs to slow down and build structural support in a new range,”…
U.S. prosecutors have asked a court for permission to seize cryptocurrency that FTX co-founder Sam Bankman-Fried allegedly bribed Chinese officials with.In a Nov. 12 lawsuit filed in U.S. District Court in New York, prosecutors allege that the Binance account (worth about $8.6 million as of Dec. 12, 2023, but that jumped to about $18.5 million due to the market-wide rally): It was claimed that it was used for this purpose. Laundered funds used for bribes before FTX collapsed in late 2022.In 2021, Chinese law enforcement froze two of Alameda Research’s accounts on Chinese cryptocurrency exchanges that held $1 billion in…