Bitcoin (BTC) price fell to a new low of $91,055 on January 9, the lowest since December 1. The next psychological support range remains below $90,000 and some market analysts continue to predict a decline below this level. Bitcoin 1 day chart. Source: Cointelegraph/TradingViewHowever, the following four reasons suggest that BTC may avoid a fall below $90,000. Cryptocurrency fear and greed index falls to lowest level in 3 monthsThe Cryptocurrency Fear and Greed Index fell from a high of 78 to 50 after the BTC price fell 9% between January 7 and 10. The index, which tracks broad market sentiment,…
Author: Crypto Flexs
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Bitcoin’s rebound above $94,000 suggests that buying is still on the downside, increasing the likelihood of a retest of $100,000.
james ding January 10, 2025 14:28 Gala Games is offering VIP tickets to the MAHA Inauguration Ceremony in Washington, DC on January 20, 2025 to celebrate President Trump’s historic victory. Gala Games has announced an exclusive opportunity for the community by offering VIP tickets to the highly anticipated MAHA Inaugural Ball in Washington, DC. The event, scheduled for January 20, 2025, will celebrate President Donald J. Trump’s victory and kick off the convention. According to Gala News, there is a movement to ‘Make America Healthy Again’. Prize Details Gala Games will select three winners,…
Genius Group Limited increases its Bitcoin funding to $35 million. According to a company announcement, the purchase is part of its ongoing effort to accumulate $120 million in Bitcoin reserves, surpassing the milestone ahead of schedule. The purchase comes just two months after the Singapore-based AI-based education company announced its “Bitcoin-first” strategy in early November. Genius Group added $5 million worth of Bitcoin (BTC) purchases, bringing its total holdings to 372 BTC at an average purchase price of $94,047 per Bitcoin. As of January 9, the company’s Bitcoin treasury was valued at $35 million, reflecting the current Bitcoin price of…
Bitcoin (BTC) fell 11% from January 7 to 9, breaking the $92,000 level for the first time in nine days. This decline led to the liquidation of over $257.5 million in leveraged long positions during the same period and coincided with profit taking, strong economic data and uncertainty surrounding the inauguration of US President-elect Donald Trump. Despite this short-term bearish momentum, three data indicators suggest that a decline to $92,000 may have marked a local bottom for BTC, providing a good entry point for investors. SOPR decline hints at Bitcoin price bottomOn-chain data shows that Bitcoin’s Spent Output Return (SOPR)…
Ted Hisokawa January 10, 2025 14:49 Ethereum’s All Core Developers Consensus Call #148 focused on Pectra testing updates, validator hardware requirements, and the name of the Gloas upgrade. On January 9, 2025, Ethereum developers gathered for the first All Core Developers Consensus (ACDC) meeting of the year, chaired by Ethereum Foundation researcher Alex Stokes. According to galaxy.com, the biweekly meeting series serves as a platform for developers to discuss and coordinate changes to the Ethereum consensus layer, known as the Beacon Chain. Pectra Devnet 5 and Validator Requirements During the call, the developers shared…
Dubai, United Arab Emirates, January 10, 2025, Chainwire ChainGPT (CGPT), a pioneer in blockchain AI solutions, is pleased to announce its listing on Binance, the world’s leading cryptocurrency exchange. The inclusion of ChainGPT (CGPT) on Binance marks a significant development for both the project and users of the exchange. ChainGPT focuses on leveraging AI to solve challenges in the blockchain space and aligns with Binance’s commitment to supporting innovative technologies. This listing increases ChainGPT’s global visibility and improves the accessibility and tradability of CGPT tokens for Binance’s broad user base. It also contributes to ChainGPT’s efforts to expand its ecosystem…
The world’s largest cryptocurrency exchange by trading volume is recently adding support for migration of popular blockchain games. According to a new announcement from Binance, the exchange will begin trading services for the conversion of Dalian mines to the Dar Open Network (D) starting tomorrow. “Dear Binanians, Binance is pleased to announce that Dar Open Network (D) will be added to Binance Simple Earn, ‘Buy Cryptocurrency’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the dates and times listed below. D Flexible products will be listed on Binance Simple Earn and become available for subscription at 2025-01-09 08:00…
Louisa Crawford January 10, 2025 12:50 SSV Network’s latest update integrates OpenTelemetry to improve observability and monitoring, providing an improved user experience and future-proofing the client. According to the SSV team, in an important step to improve client observability and monitoring, SSV Network has integrated OpenTelemetry into client version 2.1.0. This development aims to future-proof the network system and improve the user experience for node operators. OpenTelemetry integration The integration of OpenTelemetry marks a shift away from the previously used Prometheus library and provides a more robust framework for observability. OpenTelemetry, an open source…
Total transferred USDT in TRC-20 was $22 billion, surpassing ETH’s ERC-20 USDT of $2.6 billion. TRON ranks first among L1 blockchains in terms of fees generated over the past six months. A comparative analysis of TRC-20 and ERC-20 USDT clearly demonstrated TRON’s dominance in trading volume in 2021 and beyond. TRC-20 USDT transactions surged to 22 billion, dwarfing ERC-20’s 2.6 billion. This trend coincided with TRC-20 showing peaks well above those of its Ethereum counterpart. The rapid surge in TRC-20 activity, especially noticeable in mid-2024, highlights TRON’s advantages in terms of low fees and fast processing times, attracting more users…