MSTR outperformed and separated BTC. It has risen 68% since September and is close to ATH. MicroStrategy (MSTR) hit a six-month high of $198, just under $200 ATH. The recent rise coincided with a cryptic message from founder Michael Syalor. On his latest X (formerly Twitter) mailSailors dressed like gladiators, Bitcoin (BTC) Pendant and sword. This can be interpreted as his willingness to publicly defend and defend BTC amid financial instability and fiat-induced inflation. Saylor is perhaps the most notable BTC bull bullish on Uber for the asset. He believes that BTC is the best asset and store of value…
Author: Crypto Flexs
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Alvin Lang October 9, 2024 04:02 According to Bitfinex Alpha, the price of Bitcoin fell 10% due to a market sell-off and geopolitical tensions, increasing uncertainty about its future direction. Bitcoin (BTC) has experienced significant price declines over the past week, including a 10% drop, as reported by Bitfinex Alpha. This downturn was primarily driven by spot market selling and a wave of liquidation of leveraged positions. The cryptocurrency’s value plummeted after reaching a high of $66,587 on September 27, with the loss of the crucial $65,200 support level triggering a series of liquidations.…
Oh, there were definitely dragons in Viking mythology, but instead of flying over them like villains, they were mostly just eaten, cursed, and somehow ruined. Take Níðhöggr as an example. This dragon’s entire mission is to sit at the roots of the world tree, Yggdrasil, munching on it like it’s an all-you-can-eat salad bar, while slowly trying to bring the universe to its knees. And Fafnir? The man was a greedy dwarf who was so obsessed with gold that he literally turned into a dragon to hoard it. So what do Vikings and dragons have to do with carnival? You…
Bitcoin supported $62,000 by October 9 as the market awaited an onslaught of US macro data.BTC/USD 1-hour chart. Source: TradingViewBitcoin in Trouble Ahead of Federal Reserve MeetingData from Cointelegraph Markets Pro and TradingView shows a tight range of Bitcoin (BTC) price action, with multiple retests of the $62,000 level by the daily close.BTC/USD, lacking either upward or downward momentum, has forced traders to play a wait-and-see game ahead of several US economic events.The first of these reports, scheduled for release on October 9 at 2 PM ET, will be minutes from the Federal Reserve’s September meeting that enacted the surprise…
Scroll is preparing to launch SCR, its native token, which the Ethereum layer-2 (L2) network describes as “the first step toward decentralization.” According to an October 8 blog post, Scroll plans to list SCR on Binance on October 22 and airdrop the tokens to existing users on the network.According to Scroll, “SCR will be used as the main governance mechanism for the protocol and will evolve into a protocol utility token as Scroll becomes more decentralized.”The total supply of tokens is 1 billion SCR, with 15% reserved for airdrops, 35% for ecosystem growth, and 17% for investors. The remainder goes…
Caroline Ellison, former co-CEO of Alameda Research, has agreed to transfer most of her assets to FTX debtors to settle a lawsuit filed against her by the FTX bankruptcy estate.on monday filingFTX Trading Ltd. wrote that Ellison agreed to a settlement that involved transferring to the debtors “substantially all assets” that had not been forfeited to the government or used to pay legal fees. Ellison also agreed to “cooperate extensively” with the FTX Bankruptcy Foundation in the ongoing and future investigations.FTX filed for bankruptcy in late 2022, and debtors sued Sam Bankman-Fried, Ellison and several other former executives in an…
Ethereum price corrected gains and tested $2,400 support. ETH is currently consolidating and could target a fresh increase above the $2,465 resistance. Ethereum began a downward correction below the $2,500 area. The price is trading just above $2,430 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a short-term ascending channel with support at $2,420. The pair would need to remain above the $2,400 support level to trigger another hike in the near future. Ethereum price maintains support Ethereum price failed to rise above the $2,500 resistance zone. ETH began a Bitcoin-like downward…
American rapper Cardi B is the latest to join the celebrity token craze. Concerns are growing about the possibility of rapper accounts being hacked. Most celebrity-backed projects have ended disappointingly. The cryptocurrency industry is no stranger to the infamous trend of celebrity-backed token schemes, where influential figures leverage their fame and market buzz for quick profits. The trend has made waves once again in recent months, with numerous celebrities promoting self-titled projects promising big returns. But as is often the case, the excitement surrounding these projects faded as quickly as they took off, leaving most investors without significant funding. While…
Iris Coleman October 9, 2024 04:45 Circle has released a comprehensive guide detailing the migration process from bridged USDC to native USDC on the Sui mainnet, highlighting best practices and benefits. Circle has released a detailed guide to help developers and users migrate from bridged USDC to native USDC on the Sui mainnet. According to Circle, this guide aims to clarify the differences between the two forms of USDC and provide best practices for a smooth transition. Understanding Bridges and Native USDC Bridged USDC is created when USDC is locked in a smart contract…
The price of Ethereum (ETH) fell 7.3% between October 1 and October 8, wiping out all of the gains of the past two weeks. This decline reflects movements in the broader altcoin market and suggests that the decline is not solely driven by factors within the Ethereum ecosystem. As a result, traders remain uncertain about Ethereum’s ability to get back to the $2,600 level.Ether/USD (blue) vs. altcoin market cap (magenta). Source: TradingViewInvestment sentiment was mixed, with Ethereum falling 2% since September 1, while altcoin market capitalization increased 4.5% during the same period. This discrepancy can be partly attributed to the…