Cryptocurrency traders are noting a strong support line emerging on the Solana price chart, which some believe could be the starting point for a “significant” uptrend in the near future. “It looks like SOL is holding support at $120,” veteran trader Peter Brandt wrote in a September 20 post. Brandt was referring to Solana’s price action on the daily chart, which showed SOL consolidating in a square with the bottom of the $120 square acting as support since mid-April.”This could be a rectangle that could make significant progress.”BTC/USD daily chart. Source: Peter BrandtAnother trader, TraderKoz, made a similar observation, noting…
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Cryptocurrency traders are noting a strong support line emerging on the Solana price chart, which some believe could be the starting point for a “significant” uptrend in the near future. “It looks like SOL is holding support at $120,” veteran trader Peter Brandt wrote in a September 20 post. Brandt was referring to Solana’s price action on the daily chart, which showed SOL consolidating in a square with the bottom of the $120 square acting as support since mid-April.”This could be a rectangle that could make significant progress.”BTC/USD daily chart. Source: Peter BrandtAnother trader, TraderKoz, made a similar observation, noting…
A man accused of lying to clients about cryptocurrency investments and using the funds to buy watches and jewelry instead has been ordered to pay $36 million, with most of the fine going to investors.Judge Vince Chhabria of the Northern District of California ordered: William Koo Ichioka, 30, must pay $31 million in restitution and a $5 million civil penalty to the victims, the court said. name At the U.S. Commodity Futures Trading Commission on Friday. Commodity Futures Trading Commission (CFTC) Charged Ichioka was indicted in June 2023 on charges of embezzling funds from a cryptocurrency and forex trading scheme…
A U.S. federal court ordered William Ku Ichioka to pay $31 million in restitution and a $5 million monetary penalty. A New York resident has been charged with defrauding victims in forex and cryptocurrency scams and ordered to pay a total of $36 million. A New York man must pay $36 million in fines for defrauding victims in a forex and cryptocurrency scam. The Commodity Futures Trading Commission (CFTC) announced in a press release on September 20 that William Ku Ichioka, a former San Francisco resident, will pay $31 million in restitution and a $5 million civil penalty to victims…
TRON owner Justin Sun invites Ethereum PoS founder to fight The feud began when Vitalik previously called Sun a “dictator”. TRX has outpaced ETH with a year-to-date price increase of 78%, reaching 54%. Tron Blockchain founder Justin Sun is set to take on Ethereum’s Vitalik Buterin. This was revealed in a message sent by X on the evening of September 19. In the tweet, Sun declared, “The atmosphere is so intense I want to fight @VitalikButerin at @CryptoFightWeek.”Vitalik, will he switch from singing to boxing?This message was responded to by Crypto Fight Week, the organization that organizes Crypto Fight Nights,…
Alvin Lang September 19, 2024 10:24 Binance Futures will launch USDⓈ Margined FIDA/USDT perpetual contracts with up to 75x leverage, improving trading options and user experience. In a major development for the cryptocurrency trading community, Binance Futures has announced the launch of a new USDⓈ-Margined FIDA/USDT Perpetual Contract. According to Binance, this new contract will be available from September 19, 2024, 12:30 UTC and will offer up to 75x leverage. New trading opportunities This launch aims to enhance the overall trading experience for users by expanding the range of trading options available on Binance…
A widely known cryptocurrency analyst and trader believes that one of Ethereum’s (ETH) competitors is forming a bullish reversal pattern. An analyst known by the pseudonym Rekt Capital told his 499,100 followers on social media platform X that Avalanche (AVAX) may have reached a market bottom after retesting a key level around $21.57 on the monthly chart. “Avalanche successfully retested the macro downtrend at the support level. This confirms that the downtrend is over and a new macro uptrend is being established. AVAX is up +29% after the successful retest.” Source: Rekt Capital/X At the time of writing, AVAX is…
Ether (ETH) surged 11.7% between September 17 and September 19, hitting a three-week high of $2,572. This price movement coincided with a rise in Ether futures open interest, which reflects the total number of contracts on a derivatives exchange. As a result, traders have become wary that higher leverage could potentially lead to greater price volatility.Lower interest rates support bullish momentum for ETH, but the US economy remains a risk.The recent ETH price rally mirrored the broader cryptocurrency market’s 8.3% gain, driven by a combination of interest rate cuts and strong labor market data in the U.S. This momentum also…
This article is also available in Spanish. As the market recovers, open interest for major assets is increasing, but Dogecoin does not seem to follow this trend. The meme coin has remained stagnant, not moving like other large-cap stocks such as Bitcoin and Solana. Naturally, the direction of open interest can affect the performance of Dogecoin price. So, how will this stagnant open interest affect the price of the meme coin going forward? Dogecoin open interest not moving According to data from the Coinglass website, Dogecoin open interest has once again failed to surpass $500 million. On Thursday, Dogecoin open…
avalanche Abox +1.78% Although he was a rising star not long ago, he now faces a steep uphill climb. The number of active addresses on Avalanche’s C-Chain has plummeted to a 12-month low of 31,000, matching levels last seen in October 2023. This is in stark contrast to the network’s peak of 99,000 active addresses in December 2023.Current user activity is down about 70% from its December peak, raising questions about the network’s ability to sustain user engagement. Despite processing about 150,000 transactions per day, the declining number of active addresses suggests that it is concentrated among less active users.Designed…