Bitcoin (BTC) briefly surged before Wall Street opened on September 6 after U.S. jobs data fell short of expectations.BTC/USD 1-hour chart. Source: TradingViewBitcoin falls below $55,000According to data from Cointelegraph Markets Pro and TradingView, BTC price was targeting $57,000 before reversing completely after the start of the U.S. trading session.It then hit a new one-month low of $54,919 on Bitstamp.A weaker-than-expected August nonfarm payrolls report raised concerns about the strength of the labor market.Source: Michaël van de PoppeAt the same time, a senior Federal Reserve official insisted that it was time to cut rates and that a decision to do…
Author: Crypto Flexs
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LTC has surged 8%, in sharp contrast to Bitcoin’s recent plunge. Will this trend continue or will it succumb to Bitcoin’s volatility? Litecoin (LTC)Bitcoin (BTC) is up about 3% over the past seven days amidst broad market volatility, including its failure to hold the crucial $57,000 support level, to trade at $66.37 at the time of writing. Historically, September has been a bullish month for LTC as analysts have cited. However, AMBCrypto Bitcoin This period often sees a downward turn. So is Bitcoin’s September slump driving Litecoin’s rally? Are investors opting for LTC as a safer investment, or is it…
Investment management firm VanEck is set to close and liquidate its Ethereum futures ETF. The decision is related to the approval of VanEck’s spot Ethereum ETF, ETHV, the company said on social media platform X. The VanEck Ethereum Strategy ETF (EFUT) invests in Ether futures contracts, not the digital asset itself. Listed on the CBOE Exchange, EFUT had total net assets of $21.24 million and a NAV of $20.23 as of September 5, according to the fund’s website. EFUT launched on October 2, 2023. EFUT shareholders must sell their shares by the close of trading on September 16, the company…
Singapore police have arrested three men after a teenager allegedly attempted a robbery worth $24,000. ZK, 19, was attacked by two men while trying to exchange cash for USDT. The Straits Times reported that police had charged 29-year-old Benedict Lee Hong Fai with assault and attempted robbery. Singapore police have charged a man with assaulting a 19-year-old during a meeting designed to facilitate the exchange of cash for cryptocurrency. According to The Straits TimesPolice have arrested three men on suspicion of robbery of a 19-year-old cryptocurrency trader. The teenager, identified as ‘ZK’, attempted to buy USDT from a seller he…
James Ding September 6, 2024 15:22 Celestia aims to dramatically improve the performance and scalability of decentralized applications by announcing a roadmap to scale blockchain data throughput to 1GB blocks. After years of development, Celestia’s Mainnet Beta launched last year. Since then, the initial ecosystem has taken shape, developers have released the first 20 rollups, and Celestia Blobs now account for 40% of all published data, according to the Celestia Blog.Expands to 1 gigabyte blocksA key goal of the Celestia roadmap is to dramatically increase the data throughput of Celestia’s rollup ecosystem by scaling…
In traditional finance, dollar-cost averaging (DCA) is an old investment strategy that involves buying a fixed amount of stocks on a regular basis, regardless of whether the price is high or low. This strategy allows you to lower the average purchase price of the stock. It is also a great way to remove some of the emotions from your investment decisions, and provides the opportunity for greater returns over time. But let’s take a look at how dollar-cost averaging applies to crypto assets.What is Dollar Cost Averaging in Cryptocurrency?Dollar-cost averaging (DCA) means making small, consistent investments instead of buying cryptocurrencies…
A key executive at Ripple, the company that issues the XRP cryptocurrency, is among those who signed a letter endorsing Vice President Kamala Harris for president.As CNBC reported on September 6, Ripple co-founder and chairman Chris Larsen signed a letter endorsing Harris for president.The report cited a letter signed by 88 corporate executives across the United States, naming other high-profile signatories including Aaron Levy, co-founder and CEO of enterprise cloud company Box; Yelp CEO Jeremy Stoppelman; Snap chairman Michael Linton; and former 21st Century Fox CEO James Murdoch.In early August, Gene Sperling, a former Ripple board member, left the White…
Bitcoin (BTC) price continues to face downward pressure as the total cryptocurrency market cap falls below $2 trillion. The Crypto Fear and Greed Index also shows “extreme fear” in the market for the first time since the first week of August. Let’s take a look at the BTC price levels below $55,000, which appear to provide support and a potential bounce area.Bitcoin hits new all-time high of $57.4K on 1-hour chartBitcoin hit a monthly low of $55,250 on September 6, but on the positive side, it tested the demand zone that has been untouched since August. If it forms a…
According to blockchain analytics provider Chainalysis, the Central Bank of Russia (CBR) is leading efforts to develop financial infrastructure that would allow the country to use cryptocurrencies in international trade and circumvent Western sanctions.Friday’s Chainalysis Policy and Regulations report highlighted a recent bill passed by the Russian parliament that legalizes cryptocurrency mining and allows cryptocurrencies to be used for international payments. The bill was signed into law by President Vladimir Putin on August 8, and a cryptocurrency payment pilot is set to begin this September.“Recent legislative efforts around cryptocurrencies are part of a broader effort by Russia to develop alternative…
A newly created wallet is attracting the attention of blockchain intelligence agencies. One of the major Ethereum companies transfers a huge amount of PEPE from Binance. A few hours later, PEPE and two other cryptocurrencies that were in my wallet started popping out. A brilliant crypto investor on the Ethereum network perfectly timed the market by leveraging PEPE, WorldCoin (WLD), and FLOKI. On September 2, 2024, the whale created a new on-chain wallet to receive multiple deposits from Binance.A huge deposit has arrived in your Ethereum wallet.The Ethereum player cashed out 99,388,628 Pepe at 02:17:35 PM UTC and withdrew it…