Bitcoin (BTC) was down at the opening of Wall Street on September 18 as the cryptocurrency market anticipated the Federal Reserve’s interest rate decision.BTC/USD 1-hour chart. Source: TradingViewBitcoin Short Liquidation Expected in FOMC CountdownAccording to data from Cointelegraph Markets Pro and TradingView, the price of BTC fell 1% as the U.S. trading session began.Traders were expecting a “big day” in the markets as the Federal Open Market Committee (FOMC) meeting and subsequent speeches and press conferences dominated the spotlight.“Price is just below key resistance levels. Slow day expected until the ±1 hour before FOMC,” popular trader Jelle wrote in part…
Author: Crypto Flexs
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that Ethereum NetworkBlockchain Network, one of the leading blockchain solutions, has once again taken a hit over the past few days with the average staker profit dropping sharply. This indicates a decrease in interest and engagement from users or stakers. Ethereum Stakers Face Declining Profits On the negative side, the average yield on Ethereum staking has fallen sharply, hitting new lows as network activity has slowed significantly. EthereumParticipants in the proof-of-stake mechanism have seen their rewards decrease as demand on the network has decreased and transactions have decreased, which has had a significant impact on staking returns. Kyle Doops, a…
contributor Posted: September 18, 2024 Demand for ETH has weakened as funds have flowed out of Ethereum ETFs, indicating less investor interest. Open interest has plummeted, but major traders are long, suggesting there may be changes ahead. Ethereum (ETH) ETFs have been experiencing sustained outflows recently, despite previous high expectations that the ETF would drive demand. Many analysts have observed this phenomenon, and some believe that this could be the reason why ETH has been weak. Woo Blockchain reported that net outflows from Ethereum spot ETFs peaked at $15.114 million on September 17. Next, Ethereum ETF data showed that most…
According to one analyst, Chicago Mercantile Exchange (CME) Bitcoin futures traders increased short positions ahead of Wednesday’s Federal Reserve rate announcement, suggesting they are taking a cautious stance in the market.The Federal Open Market Committee (FOMC) is expected to release its latest rate decision at 2 p.m. ET on Wednesday, and rate traders are currently expecting a 50 basis point cut in the benchmark rate, the first in four years.K33 analyst David Zimmerman noted that CME traders have increased their short positions over the past two days. “Active CME market participants have increased their exposure by 5,500 bitcoin over the…
Peter Zhang 18 Sep 2024 14:33 Runway partners with Lionsgate to develop AI models that enhance filmmaking and explore innovative content creation opportunities. According to runwayml.com, Runway and Lionsgate have announced a groundbreaking partnership that aims to revolutionize the filmmaking industry using artificial intelligence (AI). Developing innovative AI models The collaboration will focus on developing and training new AI models tailored to Lionsgate’s extensive proprietary catalog. The initiative is designed to help Lionsgate Studios, filmmakers, directors and other creative professionals improve their work by creating cinematic video content. They can then refine their videos…
Solana started the year as one of the most promising blockchains, but reports of inflated transaction volumes, high bot activity, and hundreds of millions of dollars paid out each month to network validators have become some of the industry’s most debated topics. Magazine decided to sort out the myths from the facts. Some of the claims are partly true, while others are misleading. Claim: Solana’s inflation rate is too high Some industry watchers criticize the network for its high inflation rate, often quoting Messari’s statistic that the circulating supply of SOL has risen 13.4% over the past year. Growth of…
Solana started the year as one of the most promising blockchains, but reports of inflated transaction volumes, high bot activity, and hundreds of millions of dollars paid out each month to network validators have become some of the industry’s most debated topics. Magazine decided to sort out the myths from the facts. Some of the claims are partly true, while others are misleading. Claim: Solana’s inflation rate is too high Some industry watchers criticize the network for its high inflation rate, often quoting Messari’s statistic that the circulating supply of SOL has risen 13.4% over the past year. Growth of…
According to Bitwise CIO Matt Hougan, “Nobody likes Ethereum right now.” Ethereum -0.65% /BTC ratio recently hit a three-year low of under 0.04, but there are plenty of reasons to be concerned, he said, adding that a potential downside move is possible as we head into the year-end.Despite the promising start, the second-largest cryptocurrency by market cap has not had the best year so far, up just 1% so far this year, according to The Block’s Ether Price Page. On the other hand, while the crypto market has struggled over the past six months, Bitcoin is still up 42% in…
Binance’s move to list another Neiro meme coin has caused confusion across the markets. SpotOnChain Discovers 3 Cryptocurrency Wallets That Made Huge Profits on NEIRO KuCoin is listing two NEIRO tokens simultaneously due to rapidly increasing demand. Yesterday, Binance’s surprise listing of Neiro (NEIRO) sent waves of excitement among meme coin traders. Within a day of Binance’s bombshell announcement, NEIRO soared 981%, while its initial listing, Neiro On ETH (NEIRO), plummeted by over 40%.Did Wintermute get his feet wet with the wrong Nairo?The roller coaster ride completely flipped the script on two Ethereum (ETH) coins. Small-cap Neiro token surpassed Neiro…
This article is also available in Spanish. Bitcoin price has started to rise again above the $58,500 resistance level. BTC has climbed back above $60,000 and is struggling to continue its rise again. Bitcoin is recovering its upward momentum from the $61,200 resistance level. The price is trading above $59,500 and the 100 hourly simple moving average. According to data provided by Kraken, the hourly chart of BTC/USD shows a resistance line forming at $60,500, forming a downtrend line. The pair is likely to rally again if it stays above the $59,400 support zone. Bitcoin price recovers to $60,000 Bitcoin…