Trader’s Outlook The Flow Horse, a well-known trader, predicts a significant breakout for CELO, an Ethereum scaling altcoin. He anticipates bullish moves in the Ethereum layer-2 subsector, with CELO leading the charge. The trader sees CELO as having reached a bear market bottom and poised for an uptrend. CELO’s Price Action At the time of…
Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, recently shared his strategy for dealing with a Bitcoin (BTC) market crash. Kiyosaki told his 2.5 million followers on social media that if Bitcoin or other assets like gold and silver crashed, he would view it as an opportunity to buy more. Waiting for…
The founders of analytics platform Glassnode, Jan Happel and Yann Allemann, believe that altcoins are about to experience a significant surge in value, leading to a blow-off top market crescendo. They cite the Ethereum versus Bitcoin (ETH/BTC) ratio as a key indicator of this impending altcoin rally. ETH/BTC Ratio: A Bullish Signal for Altcoins The…
A popular crypto analyst believes that investors will have one last chance to buy Bitcoin (BTC) and Ethereum (ETH) at lower prices before the market enters the next bull phase. Bitcoin and Ethereum Pullback Coming The analyst, known as Rager, told his followers on social media that he’s keeping some money aside in anticipation of…
Bitcoin Accumulation Levels Remain High Bitcoin (BTC) has been trading within a narrow range of $51,000 – $52,500 for the past week. Despite this lack of price movement, investors have continued to accumulate BTC. This is evident from the increase in the number of Bitcoin whale wallets (addresses with 1,000 BTC or more) over the…
Since the beginning of 2024, Solana (SOL) has been underperforming compared to Bitcoin and other altcoins. However, crypto analyst Ali Martinez has a bullish outlook for SOL, suggesting a potential upward swing in the coming days. TD Sequential Indicator Points to a Buy Signal Martinez uses the Tom Demark (TD) Sequential indicator to identify potential…
Bitcoin’s recent surge has captured the attention of investors worldwide. Despite temporary fluctuations, the cryptocurrency continues to exhibit bullish signs, including a surge in outflows from exchanges. Outflows from exchanges at 8-month highs: Bitcoin witnessed a significant outflow of over $540 million from centralized exchanges last week, marking the highest net outflow in eight months….
FTX has sold its European subsidiary to its former owners for $32.7 million, ending a legal dispute between the exchange and the buyers. Background FTX filed a lawsuit against the founders of FTX Europe, Patrick Gruhn and Robin Matzke, alleging that they sold the company at an inflated price. Gruhn and Matzke denied the claims…
The European Data Act, which came into force in January 2024, poses significant challenges to the crypto industry. The legislation includes requirements that could force smart contract developers to comply with strict regulations, including the ability to terminate live smart contracts. Smart Contract Termination Article 30 of the Data Act mandates that smart contracts must…
Network Outage Resolved Avalanche (AVAX), a prominent layer-1 blockchain and rival to Ethereum (ETH), experienced a five-hour network outage on Friday. According to Avalanche Status, the blockchain platform encountered an issue that prevented blocks from being accepted on its primary network. Cause of the Outage The outage was caused by a bug in the node…
