Ethereum (ETH) price is currently 19% below its all-time high and could potentially hit $4,000 for the first time since March 2024. Key indicators such as rising 7-day MVRV and increasing whale accumulation highlight the growing bullish sentiment around it. ETH. If ETH breaks the $4,000 level, it could begin a surge towards the previous high of $4,867, but failure to sustain this rally could lead to a retest of key support levels. ETH 7D MVRV shows Ethereum price could rise further Ethereum’s 7-day MVRV rose to 6.1%, a significant increase from 0.28% two days ago. This sharp increase reflects…
Author: Crypto Flexs
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Cryptocurrency veteran Arthur Hayes believes the economics of Solana’s (SOL) rival could help it emerge as a preferred choice for future initial coin offerings (ICOs). In a new analysis, the BitMEX co-founder highlights the low cost per transaction of layer-1 blockchain Aptos (APT). “In 2017, it was common for the Ethereum network to fail due to hot ICOs. Gas prices will skyrocket and the network will become affordable for no one. By 2025, block space costs for Ethereum, Solana, Aptos, and other layer 1s will become very cheap. Our current order throughput is much higher than in 2017. If the…
Share this article Bitcoin (BTC) Price Analysisprice bitcoin It reached $100,000 around 11am today, December 5, and has surged further to $103,000 at the time of writing. Yesterday, Wednesday, December 4, the trading session closed with a bullish candle, increasing +2.87% compared to the previous day.In yesterday’s trading, Bitcoin successfully broke through a parallel upward channel at the monthly level. This breakout turned previous monthly resistance into support, creating a stable market environment conducive to further price rises.The positioning of the moving average is also favorable. Until about two weeks ago, the candlesticks had a significant gap from the short-term…
Rebecca Moen December 5, 2024 12:42 Chainalytic appoints Jonathan Levin as CEO and welcomes Paul Auvil as an independent director. The leadership change aims to strengthen the company’s growth in blockchain data solutions. Chainalytic, a leading blockchain data platform, announced significant leadership changes with the appointment of co-founder Jonathan Levin as its new Chief Executive Officer. According to Chainalytic, the decision will take effect from December 3, 2024. At the same time, the company invited Paul Auvil to its board of directors as an independent director. leadership transition Jonathan Levin, an economist by training,…
Algo is down 10.5% in the last 24 hours. Algorand’s active addresses surged 300%. Over the past month, Algorand (ALGO) has seen a huge rise, reaching a high of $0.6133. However, in the last 48 hours, the altcoin price fell to a low of $0.459. In fact, at the time of writing, Algorand was trading at $0.475. This is a 10.5% decline over the last 24 hours. Prior to this drop, ALGO was up 66.51% on the weekly chart and 318.99% on the monthly chart. According to IntoTheBlock, this surge over the past month is due to increased adoption and…
Tony Kim December 5, 2024 11:27 Bitcoin’s evolution from a niche computer science project to a global digital asset has been marked by innovation. Take a look at our journey and impact on the world of finance. Bitcoin (BTC)’s remarkable journey from a niche computer science project to a globally recognized digital asset has been marked by groundbreaking innovations and significant milestones, according to blog.bitfinex.com. Designed as a decentralized, trustless, peer-to-peer digital currency, Bitcoin operates independently of traditional financial institutions, backed by blockchain, which ensures transparency and security. From concept to digital gold The…
XRP (XRP) fell 13% in the last 24 hours to trade at $2.30 on December 5, going in the opposite direction of Bitcoin (BTC), which broke the $100,000 mark. The decline is part of a correction that began on December 3, with the price of XRP losing 25% of its value since reaching a multi-year high of $2.90. XRP/USD daily chart. Source: Cointelegraph/TradingViewDue to this decline, XRP’s market capitalization fell 8% to $133 billion over the same period, falling behind Tether USD (USDt) and taking fourth place.Let’s take a closer look at the factors behind XRP’s continued selloff.XRP wipes out…
BlackRock’s iShares Bitcoin Trust (IBIT) surpassed $50 billion in assets under management, reaching the milestone in just 228 days. This is more than 5 times faster than any other ETF in history. For perspective, the previous record holder, BlackRock’s iShares Core MSCI EAFE ETF (IEFA), took 1,329 days to reach the same threshold. according to To Bloomberg Senior ETF Analyst Eric Balchunas.IBIT’s rapid growth coincides with a historic year. bitcoin (BTC). The world’s largest cryptocurrency has broken cryptocurrencies. $100,000 barrier It closed at $103,000 for the first time on Wednesday after rising more than 140% in 2024.IBIT’s performance signals growing…
XRP (XRP) fell 13% in the last 24 hours, trading at $2.30 on December 5, and is going in the opposite direction of Bitcoin (BTC), which finally broke the $100,000 mark. The decline is part of a correction that began on December 3, which saw the price of XRP lose 25% of its value after reaching a multi-year high of $2.90. XRP/USD daily chart. Source: Cointelegraph/TradingViewDue to this decline, XRP’s market capitalization fell 8% to $133 billion over the same period, falling behind Tether USD (USDt) in fourth place.Let’s take a closer look at the factors behind XRP’s continued selloff.XRP…
Bitfinex releases version 1.107 with new updates and bug fixes to improve user experience on its trading platform. (Read more)