Ethereum price extended losses and traded below the $2,500 support level. ETH is consolidating and may have a hard time recovering above the $2,500 resistance. Ethereum began a new downtrend at the $2,550 resistance zone. The price is trading below $2,480 and the 100-hour simple moving average. There is a new connecting bearish trendline forming with resistance at $2,445 on the hourly chart of ETH/USD (data feed via Kraken). A break above the $2,445 and $2,500 resistance levels could start a recovery for the pair. Losses widen due to Ethereum price Ethereum price struggled to stay above $2,500 and began…
Author: Crypto Flexs
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Kaspa’s price has fallen by double digits over the past 30 days. Several indicators suggested a trend reversal towards $0.12. The last 30 days have been the worst Caspar (KAS) Because it has lost much of its value. This may have sparked some panic among investors. However, some on-chain indicators and technical indicators hinted at a trend reversal. Therefore, AMBCrypto conducted further research to determine the bull’s chances of survival. Kaspa’s latest massacre KAS investors have had a tough time, with the token price falling more than 25% over the past 30 days. In fact, in the past seven days…
Louisa Crawford November 4, 2024 23:38 We explore decentralized applications (DApps), how they differ from traditional apps, and their importance in the Web3 revolution, emphasizing their impact on user control and security. Decentralized applications, commonly known as DApps, are emerging as a revolutionary force in the digital landscape, leveraging blockchain technology to transform the way applications work. According to Gala News, unlike traditional applications that rely on centralized servers, DApps operate on a decentralized network, providing improved transparency, security, and user control. How DApps differ from existing apps Traditional applications are typically managed by…
Cardano (ADA) has once again fallen below the crucial $0.3389 support level, sparking concerns that the downside could be prolonged. This level was previously held strong as a line of defense for the ADA, but recent violations suggest sellers may have the upper hand. With ADA exploring lower levels, investors are questioning whether this slip could open the door to a deeper downturn. As the downside strengthens, this article aims to analyze ADA’s recent decline below the important $0.3389 support level and assess the likelihood of a deeper downtrend developing. By exploring technical signals and market dynamics, this article will…
Bitcoin (BTC) is struggling to find direction with opinion polls depicting a tight race between former President Donald Trump and Vice President Kamala Harris a day before the US presidential election.Here’s what analysts are predicting for Bitcoin as the Trump-Harris showdown approaches.If Trump wins, Bitcoin could reach $80,000-$90,000If Trump is elected, the price of Bitcoin will next reach $80,000 to $90,000, according to Bernstein analysts. source: XTrump’s support for Bitcoin and cryptocurrencies is the main reason for the optimism. He publicly advocated for the United States to become a leader in the cryptocurrency industry at campaign rallies.Key proposals include appointing…
The US presidential election on November 5 could decide the fate of more than half a dozen cryptocurrency exchange-traded fund (ETF) proposals awaiting approval from regulators. In 2024, asset managers have filed numerous regulatory filings to list ETFs that hold altcoins, including Solana (SOL), XRP (XRP), and Litecoin (LTC). Issuers are also awaiting approval for several cryptocurrency index ETFs designed to hold a diverse basket of tokens. In reality, these filings are “a call option on a Trump victory” in the U.S. presidential election, Eric Balchunas, ETF analyst at Bloomberg Intelligence, said on October 25.Three out of four cryptocurrency owners…
just alvin November 4, 2024 22:22 Marathon Digital Holdings Inc. (MARA) will conduct a conference call on November 12, 2024 to discuss its third quarter 2024 financial results. The call can be accessed via webcast. Marathon Digital Holdings, Inc. (NASDAQ: MARA), a leader in digital asset computing, announced that it will hold a conference call on November 12, 2024 at 5:00 PM ET. According to MARA, the call will cover financial results for the third quarter ending September 30, 2024. Conference call details The earnings webcast and conference call will provide stakeholders with insight…
Cryptocurrency assets are trading unchanged. Crypto traders appear to be erring on the side of caution ahead of a potentially market-impacting week. Despite concerns about near-term volatility, many expect the long-term trajectory of the market to remain the same. Over the past few months, the US presidential election has probably been the most discussed issue globally outside of the Israeli-Palestinian conflict, and for good reason. That’s because it’s expected to be one of the most divisive and consequential polls in the country. Some leaders, especially in the cryptocurrency space, have tried to frame the election as a choice between continued…
Bitcoin (BTC) fell 6.7% from October 31 to November 4, breaking the $67,500 level for the first time in eight days. The decline resulted in the liquidation of more than $190 million in leveraged long positions and coincided with uncertainty surrounding the November 5 US presidential election.Despite this short-term bearish momentum, three Bitcoin derivatives indicators show that the market is not panicking. These positive indicators include the long/short ratio of the exchange’s top traders, total BTC futures open interest, and stablecoin demand in China.Exchange long/short ratios from top traders. Source: CoinglassWhales and market makers on Binance and OKX show relative…
Standard Chartered’s Zodia Custody has raised $50 million to expand its cryptocurrency custody services amid increasing competition between traditional financial firms and cryptocurrency-based firms. Institutional investors are driving demand for cryptocurrency storage. Zodia Custody, Standard Chartered’s cryptocurrency custody business, is reportedly in talks to raise $50 million to fund its expansion into new markets. CEO Julian (…)