Bitcoin price opened the week with a strong rise to $66,300, but can the bulls maintain the current momentum? Much of the Bitcoin (BTC) price rise over the past seven months has been capped by overhead resistance, most recently reaching the $65,000-$66,000 level, where the price has yet to secure a daily close. The price rally on October 14th put Bitcoin in a similar scenario where the trendline of the descending channel briefly collapsed, but it is yet to be determined whether BTC will end the day clearly above the channel resistance. BTC/USDT 1-day chart (Binance). Source: TradingViewAs with previous…
Author: Crypto Flexs
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Flappy Bird Foundation secures $2 million in funding to revive iconic mobile gaming brand – Chainwire housenewsroomThe Flappy Bird Foundation has secured $2 million in funding to revive the iconic mobile gaming brand. We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of…
Everyone, I hope you had a great weekend. In today’s Daily, Donald Trump-backed World Liberty Financial claims more than 100,000 whitelist members, Kamala Harris pledges to support a cryptocurrency regulatory framework that provides protections for black men, and CoinShares says there is a political shift to the Republican Party. He said he led the rebound in cryptocurrency fund flows last week. .Meanwhile, Venice co-founders Erik Voorhees and Teana Baker-Taylor told The Block on the latest episode of The Scoop podcast: “I don’t care if AI scares you. It’s inevitable.”Let’s get started.World Liberty Financial, which is backed by Donald Trump, claims…
Swissblock’s chief macro strategist is predicting major moves by Dogecoin (DOGE) rivals ahead of a potential high for the risky asset. Henrik Zeberg told his 155,900 followers on social media platform “WIF: Wait for the pop!” Source: Henrik Zeberg/X Looking at his charts, the analyst suggests that WIF is printing a series of higher lows and higher highs on a 4-hourly basis. In June, analysts used Elliott Wave Theory to predict that WIF would explode to the $55 level. The theory is that assets tend to have five-wave rallies, with wave three being the longest and strongest. Source: Henrik Zeberg/X…
The Ethereum Foundation’s EcoDev research team is pleased to announce five six-month research fellowship positions. This fellowship provides participants with the opportunity to delve deep into unexplored Ethereum use cases and identify blockers and enablers that could impact their development. Researchers, developers, community members, and experts from other industries are invited to apply by submitting background information and a one-page research proposal. We are looking for innovative ideas focused on the following early Ethereum use cases: Ethereum’s features provide real, unique benefits.Focus on use cases that create positive outcomes and real benefits.It has not yet gained significant traction or been…
Iris Coleman October 13, 2024 02:37 AMD has released ROCm 6.2.3 to enhance the AI capabilities of Radeon GPUs and improve AI development efficiency with improved support for Llama 3, Stable Diffusion, and Triton frameworks. AMD has released the latest version of AMD ROCm™ 6.2.3, open computing software specifically designed to improve the performance of Radeon GPUs on native Ubuntu® Linux® systems. According to AMD.com, this update aims to provide superior inference performance for AI models, specifically the Llama 3 70BQ4, and allow developers to integrate the Stable Diffusion (SD) 2.1 text-to-image conversion feature…
Polkadot faces strong resistance at $4.27, but RSI shows that a breakout is now possible. The price also touched the 50-day SMA, indicating that the short-term trend is bullish. Polkadot (DOT) It was trading at $4.25 at press time after rising nearly 2% in 24 hours. The altcoin is facing strong resistance above its current price, and all breakout attempts have failed due to lack of buyer support. But now interest in Polkadot is growing. CoinMarketCap In the last 24 hours, DOT’s trading volume has seen an increase of over 20%. In addition to this increasing volume, several indicators suggest…
Bitcoin (BTC) hit $66,000 in an already lively cryptocurrency market due to whale buying pressure since Wall Street opened on October 14.BTC/USD 1-hour chart. Source: TradingViewBTC price surge took the market above $66,000.BTC price rose nearly 5% on the day, according to data from Cointelegraph Markets Pro and TradingView.Continuing its strong run through the end of last week, BTC/USD reached a two-week high as US bids began in earnest during the day’s Asian trading session.Trading resource Material Indicators, which analyzed X’s exchange order book liquidity, found that Bitcoin whales are “buying back Bitcoin” at current levels.“We are watching to see…
index Is it too late to buy SPX6900, BOME? Are these micro-meme coins the best cryptocurrency to buy right now? Meme Coin is enjoying a strong tailwind thanks to Bitcoin surpassing $66,000 on Monday.For example, the price of Book of Meme (BOME) rose nearly 35%, and the meme coin entered CoinMarketCap’s top 100 cryptocurrencies list. Likewise, the SPX6900 (SPX) coin has emerged as the latest meme coin sensation, surging over 3000% in the past month. While underprivileged investors have FOMO considering buying these meme tokens, experts are suggesting a few low-cost alternatives like STARS and FLOCK, backing them up as…
Bitcoin open interest (OI)-weighted perpetual futures funding ratio has hit multi-month highs, suggesting potential bullish sentiment in the short to medium term, according to one analyst.The current OI-weighted funding rate is 0.012%, a level not seen since July 27, when Bitcoin briefly surged to $68,000. However, the largest digital asset by market capitalization saw a major price correction of 22% in early August after the highly leveraged market evaporated.YouHodler Market Director Ruslan Lienkha explained that while a positive funding rate generally indicates bullish market conditions, it should be interpreted cautiously.“Local peaks in positive funding rates could indicate a bullish trend…