The altcoin market has been in decline since the 2024 bull market hit a rough patch last March, but there are a number of key indicators that suggest the recent recovery could be a sign of a “big move” to come, according to cryptocurrency analysts. Are altcoins ready to take off?From a technical perspective, the altcoin market setup shows strength, maintaining an upward trend line supporting TOTAL2, the cumulative market capitalization of all cryptocurrencies except Bitcoin (BTC) since the 2017 bull cycle.“Altcoin market caps are currently testing long-term trendline support that has remained strong for the past eight years,” independent…
Author: Crypto Flexs
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Celestia (TIA) price will face serious challenges in the coming days as several factors will influence its movement. The upcoming token unlock event, which will introduce significant amounts of new supply, could increase selling pressure and add volatility. Recent RSI movements indicate a slight improvement in market momentum, but the indicator is still close to oversold territory. Additionally, the EMA line continues to indicate a bearish trend, suggesting that prices may face resistance if they rise amid expected supply increases. TIA token unlocking may impact the price in the coming days. This week saw significant changes for TIA, with 73.3%…
Louisa Crawford October 28, 2024 15:34 Binance announces Shentu (CTK) network upgrade and hard fork support and temporarily suspends deposits and withdrawals from October 30, 2024. Binance, a leading cryptocurrency exchange, has confirmed support for the Shentu (CTK) network upgrade and hard fork scheduled for October 30, 2024. According to Binance, the exchange will temporarily suspend deposits and withdrawals of Shentu tokens to ensure smooth progress. implementation. Network upgrade details The Shentu network upgrade and hard fork will take place at block height 20,949,300 and is expected to take place around 12:00 (UTC) on…
Solana is set to benefit from the pre-election mood as investors turn to lower-risk assets. Traders can easily push Solana to its next target of $185. Especially as top altcoin Ethereum is struggling. Last week was an important one for Solana (SOL) as it finally broke the $160 resistance level after several attempts, marking the end of a two-month downward trend. A sharp 6% intraday drop two days ago erased some gains, but SOL gains remained stable in the $175 range, preventing further declines. With increased liquidity due to the election, Solana could be poised to reach $185 and potentially…
Bitcoin (BTC) price rose 3.2% from October 27 to October 28, briefly testing the $69,200 level for the first time in a week. Although the rally has faced some resistance, Bitcoin bulls believe the conditions are in place for a sustained uptrend, especially considering recent socio-political and economic developments.US 6-month Treasury yield (left) and oil WTI/USD (right). Source: TradingViewTo start the week, oil prices fell more than 5.5% on October 28 after ongoing conflict in the Middle East failed to impact energy production or transportation channels. Israel launched an attack on Iran over the weekend. However, as CNBC reported, no…
October 28, 2024, San Francisco, USA, Chainwire Another EasyA Hackathon winner (aka “Gigabrain”) is heading to Y Combinator. Artemiy Malyshau and Jeevan Juttla attended the first EasyA x Polkadot hackathon about two years ago and first began experimenting with the idea that would later become Gecko Sec. Today, they have just been accepted into the world-renowned Y Combinator accelerator, which powers some of the world’s most successful Web3 companies such as CoinBase, Filecoin, and more. According to the team, Gecko Sec allows Web3 developers to quickly build secure code without wasting time on tools that don’t deliver results or relying…
The Bitcoin ETF is seeing solid buying, a sign that traders believe is an indicator that BTC is poised to break out to new highs.
Yorg Healer October 28, 2024 15:40 The Hong Kong Monetary Authority and Banco Central do Brasil are collaborating on a cross-border tokenization project focused on CBDC infrastructure and financial market innovation. Hong Kong and Brazil pave the way for cross-border tokenization The Hong Kong Monetary Authority (HKMA) has announced a significant partnership with Banco Central do Brasil (BCB) to explore cross-border tokenization initiatives. According to the Hong Kong Monetary Authority, the goal of the collaboration is to leverage central bank digital currency (CBDC) infrastructure by integrating Ensemble Sandbox and the Drex pilot platform for…
Follow Nikolaus on X here. I watched the Donald Trump rally at Madison Square Garden last night with millions more live viewers online, and as someone who attended the Republican National Convention over the summer, I was struck by how massive this event was. There were over 20,000 people inside the venue and tens of thousands more outside. Now, a week before the election, it feels like the entire country is following in his footsteps.Over the past few months, I’ve been pretty pessimistic about Trump winning the election due to concerns about the Democrats’ election fraud scheme. But as an…
Bitcoin (BTC) price started the week on a strong note, attacking the $69,000 level. But should traders expect a new all-time high before the end of today’s trading session?The $69,000-$70,000 area continues to remain a resistance cluster, as evidenced by the sell wall (red line above the BTC price) shown in the chart below. Similar to most recent price spikes, the move on October 28 was driven by futures market activity and liquidation. Notice how the funding rate and buying volume increased as the price rose from $67,600 to intraday highs. As was the case with previous attempts, the seller…