Popular trader Peter Brandt has warned that Bitcoin (BTC) is taking longer than ever to reach new all-time highs following the recent halving.In a recent analysis for X, Brandt found that Bitcoin’s pre-2021 all-time high still holds when accounting for inflation.Brandt: Bitcoin Suffering from ‘Energy Shortage’BTC price action has disappointed investors and discouraged new investors since the US dollar’s all-time highs recorded in mid-March.Not only has the market not reached the $73,800 level since Brandt pointed out, but it has also been a record amount of time since the latest block subsidy halving in April that the price has not…
Author: Crypto Flexs
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Market • September 4, 2024 10:26 AM EDT Posted 1 minute earlier ~ in According to analysts, major cryptocurrencies such as Bitcoin and Ether are likely to see greater price volatility in the near future. “QCP’s Volatility Momentum Indicator (VMI) triggered this morning for both Bitcoin and Ether, indicating that the market is entering a period of heightened volatility,” the QCP Capital analyst said. The signal is direction-independent, meaning it does not indicate spot direction, but it does suggest that there may be more price action in the short term, the analyst added. Analysts at QCP Capital said that based…
According to cryptocurrency tracking site Lookonchain, whale wallets have sold off nearly $100 million worth of Solana (SOL) this year. Lookonchain speculates that the unknown wallet may have belonged to some institution. The cryptocurrency tracking site found that since early 2024, an average of 19,306 SOL (equivalent to about $2.76 million) has been traded each week. That’s 695,000 SOL per year, or $99.5 million. According to Solana blockchain tracker Solscan.io, whales still hold 1.88 million SOL, worth $237.68 million. SOL is trading at $126.28 at the time of writing. The fifth-largest cryptocurrency by market cap is down 7% in the…
Felix Pinkston 04 Sep 2024 14:03 Grayscale Bitcoin Trust (GBTC) files for SEC registration and transitions to NYSE Arca listing amid ongoing market volatility and changing digital asset landscape. Grayscale Bitcoin Trust (GBTC) has formally filed a registration statement with the U.S. Securities and Exchange Commission (SEC), marking a significant step forward for the investment vehicle. This action follows the Trust’s transition to listing on NYSE Arca as an exchange-listed product, effective January 11, 2024. Key details of registration According to Grayscale, the registration statement contains a prospectus for potential investors. This document provides…
The Bitcoin (BTC) price experienced sharp corrections at the beginning of each month in Q3 2024. The first seven days of July and August saw declines of 12.56% and 15.94%, respectively. Bitcoin Market Cap 1-day chart. Source: Trading ViewA similar trend continued in September, but it is important to note that Bitcoin also recovered quickly and formed lower highs (LH) over the next few weeks.Bitcoin OI Down 12% in One WeekBitcoin open interest (OI) fell 12% from $34.7 billion last week to $30 billion, which is a net gain given the current market conditions. The rising OI when the price…
Ripple is set to significantly enhance the XRP Ledger by integrating Ethereum-compatible smart contracts via a new sidechain. This development is a major step forward for the XRP ecosystem, expanding its functionality beyond basic transactions to include complex applications such as decentralized exchanges, token issuance, and more. The integration of smart contracts will make the XRP Ledger a more versatile and attractive platform for developers around the world. Expanding the functionality of XRP Ledger The addition of smart contracts to the XRP Ledger is a game changer for Ripple and the broader XRP community. By leveraging a sidechain network compatible…
Market sentiment towards AI tokens has turned bearish over the past few days. Most technical indicators are pointing to a continued price decline. Federation of Artificial Superintelligence (FET) Bear has been controlling the token price as it witnessed major price corrections. However, things could soon change if conditions are met. Let’s take a closer look at what is happening with FET. Will FET turn strong again? CoinMarketCap’s data The price of FET has undergone a massive correction over the past week, dropping 14%. The bears have maintained control, pushing the token down by more than 8% in the last 24…
Dubai, United Arab Emirates, September 4, 2024, Chainwire Since its official launch in late July 2024, POPG has focused on fostering a vibrant community of blockchain enthusiasts and entertainment enthusiasts. Designed to solve real-world problems and provide a fresh perspective on how people engage with the entertainment they love, the POPG Web3 ecosystem has three key projects in the pipeline: a rewarding VIP system called POP.VIP, a responsible iGaming platform called POP.GAME, and an exclusive events access portal called POP.LIVE. Four words define the vision of the ecosystem: fun, exclusive, innovative and engaging. A new and improved experience for those…
DeFi project Pendle claimed on Tuesday that it had secured approximately $105 million in funds that could have been lost from Penpie after an independent Pendle Ecosystem yield optimization tool was hacked.In a post-mortem following the early morning incident on Wednesday, Pendle said the funds were protected after the contract was immediately suspended. “Thanks to the coordinated efforts of multiple parties, further breaches were mitigated and the Pendle contract is now uninterrupted. Normal operations have resumed,” the project wrote to X. “We would like to reassure Pendies that their funds on Pendle are safe and unaffected, and we will continue…
Darius Baru Sep 04, 2024 11:19 Binance has added new loanable assets to its flexible interest rate and VIP lending service, giving users looking for crypto-backed loans more options. Binance, one of the world’s largest cryptocurrency exchanges, has announced the addition of new loanable assets to its Binance Lending (flexible interest rate) and VIP Lending services. Enhanced Loanable Assets Binance’s latest update expands the range of options available to users looking to leverage their crypto holdings by introducing new loanable assets. The move aims to provide greater flexibility and tailored financial solutions to both…