BONK’s RSI and OBV have shown strong declines over the past month. A rebound to $0.00004 is likely, but whether the market structure can turn bullish will depend on capital inflows. BONK fell 59% in the 30 days from November 20th to December 20th. This steady downward trend has seen significant selling on certain dates, such as December 9, when Bitcoin (BTC) was rejected from the $100,000 level. Since then, memecoin has struggled to maintain key support levels. In fact, the recent BTC correction has moved BONK to another important support level at $0.0000265. BONK bulls attempt to extend $0.0000338…
Author: Crypto Flexs
Read More
that Protocol Security Research Team And the Ethereum Foundation’s Ecosystem Funding Initiative ETH Rangers A program that helps encourage public good security work for the Ethereum ecosystem. Public goods security work ETH Rangers provides a stipend to support individuals who dedicate their time to public good security efforts within the Ethereum ecosystem. Over six months, participants will each receive $25,000 USD. What types of work are considered public good security work? Public goods security work includes efforts to strengthen the security and resilience of the Ethereum ecosystem. This may include activities such as conducting vulnerability research, creating training materials, pro…
The entire cryptocurrency industry faces the threat of debanking under Operation Chokepoint 2.0. Jason Lau, chief innovation officer at cryptocurrency exchange and self-custodial wallet provider OKX, told Cointelegraph that fostering relationships with banks and keyholders is a hedge against debanking.Lau said the traditional financial world is heavily based on trust, and building relationships with banking institutions, financial regulators and other stakeholders is key to maintaining strong partnerships. Lau told Cointelegraph in an interview:“We need to invest time building relationships with all stakeholders, including regulators and banking partners. We have been working with our partners and stakeholders for many years to…
Spacecoin Daniel Bar, co-founder of Spacecoin The satellite was launched as part of the SpaceX Falcon Heavy, which launched at 3:34 a.m. local time from California on December 21.Bar said the Spacecoin satellite will be the first of many future satellites to be launched in the coming months. He said Spacecoin plans to launch a “constellation” of seven to 10 additional satellites in 2025, which would be enough to bring the Spacecoin mainnet online. The Spacecoin satellite itself consists of two small devices that Bar calls “crypto engines.” Each device is roughly the size of a desktop hard drive and…
A widely respected cryptocurrency analyst has issued a new warning for the digital asset market at the end of the year. An anonymous analyst known as Altcoin Sherpa told his 234,800 followers on social media platform However, based on historical precedent, analysts predict the market could rebound in January. “We’ll probably have one more flush before the end of the year. But keep an eye on your winnings and manage volatility. January is historically a good month for cryptocurrencies. In my opinion, it’s better to sell the bags you don’t like for cash, save up the money, and deploy it…
contributor Posted on: December 21, 2024 Stacks tested $1.75 support amid a 26% weekly decline. The rising channel indicated bullish potential with resistance at $2.40 and a price target of $10. Stack (STX) I was in the middle of a deal At the time of writing, it is selling for $1.71 after falling 11.73% in the last 24 hours and 26.06% in just 7 days. The circulating supply of STX is 1.5 billion, giving the cryptocurrency a market capitalization of $2.57 billion. Trading volume over the last 24 hours was $439 million, indicating significant activity during the price decline.. The…
Iris Coleman December 21, 2024 06:09 Explore the latest updates on cryptocurrency regulation, including important legal actions, enforcement outcomes, and policy changes impacting the global cryptocurrency landscape. The end of 2024 will bring significant updates to the area of cryptocurrency regulation and enforcement, as highlighted by a16z Crypto. Key developments include judicial decisions, agency guidelines, and new frameworks shaping the cryptocurrency industry. Judicial and Regulatory Insights The Fifth Circuit Court of Appeals ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) exceeded its authority by approving Tornado Cash’s immutable smart contracts. This…
The solid recovery in Bitcoin price suggests that bulls have not given up on BTC and altcoins as they continue to fall below key support levels.
In 2024, Web3 cyber threats will cause losses exceeding $2.3 billion across 165 incidents, a 40% increase from 2023. With an estimated $1.3 billion recovered, Web3 cyber threats will surge in 2024, causing losses in excess of $2.3 billion across 165 incidents, according to Cybers. Although it is 40% higher than the 2023 loss of $1.69 billion, this year’s total loss is (…)
During Friday’s US market session, cryptocurrency markets experienced some relief from the usual correction trend as Bitcoin demand pressure was expected to hit $90,000. The new momentum strengthens several major altcoins, including SUI price, to maintain key support levels. With SUI Total Fixed Volume (TVL) steadily surging, the asset shows potential for the next breakout. The asset’s market capitalization rose 11.8% on the session to $13.3 billion, according to data from Coingecko. Meanwhile, 24-hour trading volume amounts to $4.5 billion. Highlights: The long tail rejection candle at $3.5 highlights active demand pressure and a market downturn. The 20-day and 50-day…