Ether (ETH) price has surged more than 37% over the past seven days, trading at highs not seen since July 24, as expectations rise about a cryptocurrency-friendly business environment in the United States following Donald Trump’s presidential victory.ETH/USD daily chart. source: TradingViewAt the time of this writing, Ether is trading at $3,392 due to increased demand via the spot Ethereum ETF, and on-chain indicators suggest the altcoin’s upward trend remains intact.Ethereum open interest has reached an all-time high.Ether’s rally over the past seven days has led to an increase in open ETH long positions in the futures market. Ethereum’s total…
Author: Crypto Flexs
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Cardano price began a consolidation phase below the $0.6650 area. ADA is holding on to gains and could target a fresh increase above $0.6500. ADA price started a downward correction after a strong rally towards $0.6600. The price is trading above $0.580 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair, a major contract triangle has formed with support at $0.5780 (data source from Kraken). Breaking out of the $0.6060 resistance area, the pair could begin another rally. Cardano price consolidates gains Over the past few days, Cardano has shown significant gains above the $0.40…
lawrence jenga November 12, 2024 03:50 Binance announces support for Filecoin (FIL) network upgrade and temporarily suspends deposits and withdrawals on November 20, 2024. Transactions will not be affected. Leading cryptocurrency exchange Binance has announced support for the upcoming Filecoin (FIL) network upgrade. According to Binance’s official announcement, the exchange plans to temporarily suspend deposits and withdrawals of FIL tokens from 22:00 UTC on November 20, 2024. Upgrade details The network upgrade is scheduled to take place at block height 4,461,240, which is estimated to occur around 23:00 UTC on the same day. Binance…
The price of Ether (ETH) soared to $3,444 on November 12, hitting its highest level since July. The rally follows Bitcoin (BTC) hitting an all-time high of $89,957 before correcting to $87,000 on November 12. Now, traders are questioning whether excessive leverage in Ether futures could increase the risk of an ETH price correction below $3,200.Ethereum 8-hour funding rate. Source: Laevitas.chPerpetual futures, also known as inverse swaps, have built-in fees to offset excessive leverage demands. When market sentiment is excessively bullish, the funding rate becomes positive. However, cryptocurrency traders tend to be naturally optimistic, so interest rates of up to…
Over $755 million worth of various altcoins will be offloaded during this week’s token unlock period. Solana broke annual record at $220, but linear unlock could cause havoc. Two high-tech Layer-1s, Aptos and Celestia (TIA), secure approximately 2% of the supply. The surprising cryptocurrency market rally following the US election has developed into a new all-time high for Bitcoin (BTC) and massive rallies in several blue-chip altcoins. For example, Aptos (APT), which incorporates Move technology, recovered double-digit figures for the first time since April 2024.Aptos unlocks at a profit.If Aptos’ bullish momentum continues, the altcoin could retest its yearly high…
Canary Capital has applied for the Hedera HBAR cash exchange-traded fund with the U.S. Securities and Exchange Commission. This is the first cryptocurrency fund of its type.The cryptocurrency investment company filed its S-1 registration statement with the SEC on Tuesday. According to the fund, it seeks to “provide exposure to the underlying asset value of the Hedera network.” filing. HBAR is the native digital asset of the Hedera network, a decentralized public network that uses the Hashgraph consensus algorithm. Hedera facilitates fast and secure transactions globally and is governed by a council of prominent companies and organizations. This governance model…
A cryptocurrency strategist who follows closely believes that two altcoins that are invisible to most traders are poised for massive upside. Analyst Ali Martinez told his 78,600 followers on social media platform X that he is bullish on the underlying asset of Filecoin (FIL), a peer-to-peer file storage network. According to analysts, FIL appears poised to rise to the top after honoring its long-term support. Martinez also believes that FIL could witness an exponential rise if it overcomes critical resistance levels. “Despite missing the $2.94 entry, I remain bullish on Filecoin FIL at this level. The lower limit is likely…
Rebecca Moen November 12, 2024 05:05 BitMEX announced that it will reduce the default initial margin and default maintenance margin for DOGEUSD and DOGEUSDT contracts starting November 12, 2024. BitMEX, a leading cryptocurrency exchange, announced a significant reduction in the default initial margin and default maintenance margin requirements for DOGEUSD and DOGEUSDT contracts. According to BitMEX, this change took effect on November 12, 2024 at 02:25 UTC. Impact on Traders The revised margin requirements apply to new positions, new orders, as well as changes to leverage or risk limits applicable to existing positions or…
Will we see a return to “enthusiasm” for gaming tokens in this bull market? Bitcoin has hit all-time highs several times since Donald Trump was re-elected as President of the United States, and cryptocurrency analysts predict that the price of Bitcoin will soon reach $100,000. With a massive bull market likely underway, what will happen to gaming tokens this time around? Gaming industry insiders say that despite some disappointing token launches earlier this year, studios are starting to find a better balance between token launches and game development. Quinn Kwon, head of strategy at Delabs Games, told Web3 Gamer that…
Bitcoin recently hit a record $89,983, but the rainbow chart, widely known to show Bitcoin’s long-term price movement and market sentiment on a logarithmic scale, remains surprisingly low compared to previous bullish peaks. The popular Bitcoin rainbow chart predicts a six-digit future. Bitcoin’s price has surged over the past month as follows(…)