Investors quickly turned bullish as the Bitcoin (BTC) price held steady at $60,000.According to the latest analysis, BTC/USD, which is up 9% for the week through September 15, is expected to see “bullish momentum.”BTC price reversals are happening every day and every week.Bitcoin price indicators support renewed optimism about the BTC price in the short term this week.After a tough period of testing support levels, the 1-day BTC/USD chart is now reclaiming key levels as indicated by the Ichimoku Cloud and the Relative Strength Index (RSI).The results were uploaded to X by popular Crypto trader Titan.He confirmed with the Ichimoku…
Author: Crypto Flexs
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A prominent market analyst believes that both crypto and commodity markets could be headed for a parabolic rally.According to analyst and entrepreneur Michaël van de Poppe, this is because both crypto assets and commodities are “extremely undervalued.”The analyst noted in a September 15 post on X that the last time the commodity was valued at similar levels was in 2000 and 1971.“Commodities and cryptocurrencies are extremely undervalued and there is a good chance that commodities will enter a 10-year bull market. I expect a lot of upside from both asset classes.”S&P Commodity Index vs. S&P 500. Source: Michael Van de…
Caroline Bishop 15 Sep 2024 14:22 Binance Futures announced improved trading options with the launch of UXLINKUSDT perpetual contracts with up to 75x leverage. Binance Futures has announced the launch of the USDⓈ-Margined UXLINKUSDT Perpetual Contract, which will be available starting September 15, 2024 at 15:00 UTC. According to Binance, this new contract will provide traders with the opportunity to leverage their positions up to 75x. Contract Specifications and Features According to the announcement, the new UXLINKUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00% at launch. The funding fee…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Several blockchain networks experienced notable growth in August, with some reporting strong revenue figures. Ethereum ranked second in monthly revenue, bringing in $34.8 million. While this was roughly half of Tron’s revenue, Ethereum continues to play a key role in decentralized applications and transactions, maintaining its market position. Given Ethereum’s performance, the prices of other ecosystem tokens have also risen. This article The most popular cryptocurrency on Ethereum. The most popular cryptocurrency on Ethereum Vader is a liquidity platform that combines the algorithmically…
Bitcoin (BTC) is sending signals that it could explode to the $100,000-$150,000 range by Q1 2025.BTC Price Classic Patterns Hint at a Big BreakoutBitcoin’s recent price action shows a confluence of technical indicators that coincide with a breakout. The most notable pattern forming on the chart is the “cup and handle,” a classic technical formation that suggests bullish continuation.This pattern is characterized by a rounded bottom (cup) and a subsequent consolidation phase (handle). The formation of the handle indicates a period of consolidation, often preceding a major bullish breakout. For Bitcoin, the cup began forming after peaking in late 2021,…
Hedera’s HBAR Hits Yearly High After BlackRock’s MMF Tokenization The asset management giant later denied any direct involvement with HBAR. HBAR’s consolidation period, which fell more than 90% from its all-time high, has been interrupted. Hedera Hashgraph (HBAR) has had a rough ride in 2024. The popularity of Hedera’s distributed ledger technology has proven successful in various partnerships with established IT brands such as LG Electronics, IBM, and Google. HBAR also provides real-time tracking devices to two major automakers, Hyundai and Kia.Why HBAR’s Rally Didn’t HappenHowever, one recent high-profile venture has caught the attention of both HBAR holders and critics…
Bitcoin Dominance and Network ActivitySince the Bitcoin halving in April, the blockchain’s bandwidth usage has skyrocketed, reclaiming its dominance with utilization rates exceeding 90%. This shows a significant increase in network activity due to a combination of factors, including new token standards and increased transaction volume. Although there was initial concern due to fear, uncertainty, and doubt (FUD) surrounding the news about Bitcoin, Bitcoin adoption and trading activity has continued steadily.According to Dune Analytics data, Bitcoin’s trading dominance reached 91.4% as of June 20. This dominance surpasses other tokens such as Runes at 6.8%, BRC-20 at 1.6%, and Ordinals at…
Iris Coleman 15 Sep 2024 12:05 Two years after the merger, Ethereum’s transition to proof-of-stake (PoS) faces challenges from second-layer solutions and faster blockchains like Solana and Avalanche. Two years after Ethereum switched to a proof-of-stake (PoS) consensus mechanism known as Merge, the network has faced significant challenges. Contrary to initial expectations, Ethereum has struggled with high transaction costs and network congestion, while alternative layer 2 solutions and faster blockchains have emerged. SolanaAccording to blog.bitfinex.com, Avalanche, Base, and Aptos are gaining popularity. Did the merger have an overall negative impact on Ethereum? Since the…
A widely known cryptocurrency analyst has issued a warning: The rest of 2024 looks unlikely to be ideal for altcoins. Crypto strategist Benjamin Cowen tells his 813,000 YouTube subscribers in a new video update that based on historical patterns, altcoins are likely to crash and slam Bitcoin (BTC) at the end of the year. Cowen said the capitulation coincided with the start of a new rate-cutting cycle. “If you connect the dots from the last cycle, 2018, 2019 to 2020, you can see that we’ve basically tagged this trendline three times and then the third tag on the trendline was…
September 2024, SolanaThe underlying protocol, Pump.fun, has become the fastest-growing cryptocurrency app in history by some metrics, reaching $100 million in revenue in record time.Meme Coin Launchpad has spawned some of the biggest memes, viral metas, and dangerous moments in crypto history. A cute puppy named Billy, tons of celebrity tokens, and a developer who sets himself on fire.While some have criticized the platform for saturating the meme coin market, others have praised it for being the main culprit behind the meme coin craze.So what is Pump.fun? Read on to find out how the meme coin launchpad works.What is Pump.fun?Created…