Bitcoin (BTC) price is currently down 3% after a strong weekly gain last week. Here, Bitcoin’s daily chart shows a historically bearish pattern, raising concerns of another retest of the $60,000 level. Bitcoin forms a downward trend every day.Bitcoin’s 2.4% decline on October 21 formed a bearish pattern on the daily chart. A bearish absorption pattern indicates a short-term or long-term reversal, with a success rate of 60-70% depending on other market confirmations. Bitcoin 1 day chart. Source: Trading ViewOver the past seven months, each bearish engulfment pattern near the highs has been followed by a steep correction. The declines…
Author: Crypto Flexs
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Mert Mumtaz left Coinbase to found Solana developer tools firm Helius in June 2022. But just a few months later FTX collapsed, taking the price of SOL down 60% with it. Solana had soared to its all-time high of $260 a year earlier, in November 2021, thanks in part to its high-profile champion, billionaire FTX founder Sam Bankman-Fried. Mert the Magnificent in Singapore. (X) But when it became apparent SBF was headed to jail over the $8 billion fraud, many thought Solana might never recover. But if you think Mumtaz was worried about his fledgling company’s future, you’d be wrong.…
Ripple co-founder Chris Larsen is stepping into the spotlight by donating $10 million XRP to Kamala Harris’ 2024 presidential campaign, marking a pivotal moment for the cryptocurrency’s influence in left-wing politics. Why are we doing this when most of the cryptocurrency industry is leaning in the right direction? Ripple has donated heavily to candidates in this election, which has raised some eyebrows. Massachusetts Senator Elizabeth Warren recently commented on the cryptocurrency industry, saying the blockchain space has become more right-wing and liberal. Larsen may try to combat domestic perceptions that Ripple is right-wing and anti-establishment by publicly donating heavily to…
just alvin October 23, 2024 14:03 Bitcoin’s strong security and programmability could make it the foundation of future capital markets, challenging the dominance of Ethereum, according to Bitfinex Securities. Bitcoin (BTC) is increasingly seen as playing a pivotal role in the future of capital markets, according to insights from Bitfinex Securities. With its superior security model and new programmability, Bitcoin is positioned to potentially lead the tokenization trend traditionally dominated by Ethereum. Bitcoin’s Advantages in Security and Programmability Historically, Ethereum has been a leader in real-world asset (RWA) tokenization, with a total RWA value…
Bored Ape (BAYC) Community Meme Coin ApeCoin Surpasses $1 Billion. APE Coin hit its highest price since April, the day after ApeChain fell. Layer-3 volume reaches $2.5 billion in native staking, gaming, and meme trends. ApeCoin (APE), originally issued by Yuga Labs, is up 107% since ApeChain launched on Sunday. This opens up a new utility APE that can now be staked live on-chain in auto-yield mode. A surge in activity on October 20, 2024 contributed to ApeCoin printing massive green candles each day.Yesterday, ApeCoin closed at $1.49, a 71% gain from its opening price of $0.87. On Monday, APE…
Bitcoin (BTC) fell to a one-week low on October 23 in a comeback to support the resolve of tested bulls.BTC/USD 1-hour chart. Source: TradingViewBTC Price Consolidation Fails to Damage Optimism BTC price weakness on Bitstamp is $60,063, according to data from Cointelegraph Markets Pro and TradingView. At the time of writing, BTC/USD is down about 1.5%, adding to existing strength and holding above $69,000 as resistance.While market observers had anticipated this scenario, renowned trader and analyst Rekt Capital suggested that the weekly close would be the key breakpoint for short-term trend strength.He uploaded his weekly chart to“The previous channel top…
One altcoin running on the Ethereum (ETH) network is seeing huge gains following the launch of a new blockchain in the ecosystem. ApeCoin (APE), the digital asset associated with the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection, soared to $1.74 on Monday, a 135% surge in value form Saturday. APE began its rally on Sunday with the launch of Apechain. Apechain, a project led by Yuga Labs, which developed APE, allows for staking of ApeCoin tokens and expands the Bored Ape Yacht Club ecosystem. Elena, a pseudonymous analyst, says: “Apechain facilitates NFT mining, trading, and decentralized apps (dApps)…
Terrill Dickey October 23, 2024 10:58 Binance has removed the minimum balance requirement of 10,000 USDT for portfolio margin accounts, allowing all users to trade over 350 collateral assets. In an important step to improve user accessibility, Binance announced that it is removing the minimum wallet balance requirement for portfolio margin accounts. Previously, users had to maintain a minimum balance of 10,000 USDT in their cross margin and futures wallets to access portfolio margin. According to Binance, this requirement has now been lifted. Expanding access to portfolio margins Removing the minimum balance requirement is…
Binance, one of the world’s largest cryptocurrency exchanges, has announced the delisting of four altcoin spot trading pairs. This measure, scheduled to take effect at 03:00 UTC on November 6, reflects Binance’s attempt to improve market quality. What should Binance token holders do? Binance regularly evaluates the performance of its listed trading pairs to ensure that they progressively meet high standards and industry requirements. Based on this, items below the threshold are removed or deleted from the list. The exchange claims that these measures protect users and maintain a high-quality trading environment amid changing markets. Read more: Binance Review 2024:…
lawrence jenga October 23, 2024 09:14 The Hong Kong Monetary Authority released the results of the three-year maturity HKD government bond bidding, with a bid ratio of 3.89 and an annual yield of 2.952%. On behalf of the Hong Kong Special Administrative Region Government (HKSAR Government), the Hong Kong Monetary Authority (HKMA) announced the results of the 3-year HKD institutional bond tender. The tender, which is part of the Infrastructure Bond Program, was held on October 23, 2024, according to the Hong Kong Monetary Authority. Bond issuance details The HKMA offered a total of…