Bitcoin recovered to $66,000, marking its first new high since the all-time high of $73,835 set in March. Despite the price of Bitcoin falling below $60,000 this week, Glassnode said several on-chain indicators suggest the market is “approaching a phase change.” This recovery, which saw Bitcoin (BTC) rise 26.5% from a low of $52,550 on September 6 to a three-month high of $66,508 on September 27, shows striking similarities to previous cycles, with the price trading at . Almost the same position.“Both the 2015-2016 (blue line) and 2019-20 (green) periods traded in an eerily similar manner to the recovery in…
Author: Crypto Flexs
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The regulatory crackdown is a major blow to Monero, the leading privacy coin. Kraken announced that Monero is withdrawing from the platform’s EEA services. Kraken’s European customers will be able to withdraw their XMR until the end of 2024. Monero (XMR), the leading privacy cryptocurrency, is being shaken by a whirlwind of legal changes regarding digital assets. Recently, Kraken, one of the largest cryptocurrency exchanges, announced the imminent delisting of Monero from the European Economic Area (EEA). XMR, a favorite of cryptocurrency enthusiasts for its untraceability, fell below the historically sensitive support level of $150 on October 1, 2024. The…
Happy Thursday! In today’s Daily, SEC appeals previous ruling against Ripple, Swift plans real-time banking trial for digital asset trading, Binance Labs invests in ZKsync “elastic chain” and more.Meanwhile, analysts at Standard Chartered and JPMorgan say geopolitical risks could drive investors toward Bitcoin.Let’s get started.SEC appeals Ripple case rulingThe U.S. Securities and Exchange Commission (SEC) is appealing a previous ruling in its case against Ripple, according to a court filing Wednesday. “We believe the district court’s decision on the Ripple matter conflicts with decades of Supreme Court precedent and securities law, and we look forward to filing the case in…
Visa has launched the Visa Tokenized Asset Platform (VTAP), a new initiative to help banks issue fiat-backed tokens on blockchain networks.On October 3, the digital payments giant announced that VTAP is now accessible through its developer platform. This will allow participating institutions to develop and test digital assets such as stablecoins and central bank digital currencies (CBDCs).Currently, the platform operates in a sandbox environment, but Visa plans to enable real-time use by 2025.VTAPVisa described VTAP as a way to help banks provide blockchain services by applying its knowledge of emerging technologies, including smart contracts. The company plans to expand this…
Popular meme coin Pepe (PEPE) is under significant pressure, mainly due to profit-taking activities by long-term holders (LTH). It is currently trading at $0.0000090 and has witnessed an 18% price decline over the last 4 days. Two notable on-chain indicators show that dormant PEPE tokens previously held by LTH are starting to change hands. If this group of PEPE holders continue to sell, the meme coin could witness another double-digit decline. Pepe long-term holder book profits The first indicator of profit taking among long-term holders (LTHs) of Pepe is the average coin age. According to analysis by BeInCrypto, this indicator…
October 3, 2024 | Asset List, Products, Uncategorized We are excited to announce that EIGEN is now tradable on Kraken! Funding and Transactions EIGEN trading will begin today, October 1, 2024, at 4:00 AM (UTC). To add assets to your Kraken account, go to Funding, select the assets you want and hit ‘Deposit’. Make sure you deposit your tokens on a network supported by Kraken. Deposits made using other networks will be lost. The new token will be tradable on Kraken and Kraken Pro using the following parameters: legacypairPrice decimal precisionMinimum order sizeMinimum deposit amountownUS Dollar, Euro311 memo: Once liquidity…
Crypto analyst and trader Ali Martinez is bullish on the largest memecoin by market capitalization. Martinez tells his 73,200 followers on social media platform . . Cryptocurrency analyst and trader says: “The last two times Dogecoin DOGE had a bullish MACD crossover on the weekly chart, it rose 90% and 180% respectively.” Source: Ali Martinez/X Martinez also says that the Dogecoin network is seeing “significant growth,” with the number of new addresses increasing by double digits in just one week. “There has been a 72% increase in new DOGE addresses over the past week, with 19,630 new DOGE addresses created…
Ted Hisokawa October 3, 2024 03:45 Explore VanEck’s diverse range of income-focused ETFs that provide strategic opportunities across a variety of market sectors, including CLOs, high-yield bonds, and mortgage REITs. VanEck, a prominent asset management firm, provided insight into the rapidly changing income investment landscape, especially in the context of interest rate changes. The company provides exposure to both traditional and specialized market segments, emphasizing a variety of exchange-traded funds (ETFs) designed to meet a variety of investment needs and preferences. VanEck’s various ETF products VanEck’s portfolio includes a variety of income-focused ETFs, each…
Bitcoin (BTC) fell below $60,000 during the Wall Street open on October 3 as flash buyer demand occurred on exchanges.BTC/USD 1-hour chart. Source: TradingViewBitcoin exchange users “buy the dip” at $60,000The new local BTC low price on Bitstamp is $59,860, according to data from Cointelegraph Markets Pro and TradingView.BTC/USD continued to feel pressured by geopolitical uncertainty focused on the Middle East and failed to claw back losses from earlier in the week.In response, traders were torn between further declines and $60,000, which served as a clear recovery zone.“People who are optimistic about October are wrong,” wrote celebrity trader and analyst…
Binance, the world’s largest cryptocurrency exchange, has designated five altcoins for possible delisting. The decision comes as the exchange added Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS) and VITE (VITE) to its monitoring tag list, which has come under scrutiny due to increased volatility and risk. Indicates that it has been strengthened. Altcoin crash due to risk of Binance delisting Monitoring tags are Binance’s way of screening tokens that may no longer meet our strict listing criteria. Our review criteria is thorough, evaluating factors ranging from the team’s commitment to the project, the quality and level of development activity,…