Crypto analyst Altcoin Sherpa believes Solana (SOL) is poised for a rally after holding support at $120. He notes that SOL has maintained its 200-day exponential moving average (EMA), indicating potential upside. Bitcoin Remains Uncertain Altcoin Sherpa says Bitcoin (BTC) is still lacking a clear trend, trading sideways between $56,544 and $73,794. He recommends staying…
A prominent cryptocurrency analyst has predicted a surge in the value of the memecoin FLOKI. Bullish Signals Bluntz, a pseudonymous analyst with over 260,000 followers, believes FLOKI is forming a solid support level and an inverse head and shoulders pattern, both bullish indicators. Trading Volume Surge FLOKI’s trading volume has increased significantly as it breaks…
Cryptocurrency analyst Kevin Svenson predicts that Bitcoin (BTC) could reach its cycle top in January 2025. This prediction is based on Bitcoin’s historical behavior after halving events. Halving History After each halving, Bitcoin has typically experienced a period of growth for 40 to 80 weeks. The most recent halving occurred in April 2020, which means…
The crypto market is reeling from a major crash that has sent Bitcoin and other cryptocurrencies plummeting. Liquidations Soar In the past 24 hours, over $290 million worth of crypto has been liquidated, with 105,458 traders losing their positions. Long traders, who bet on rising prices, have been hit the hardest, accounting for 88.61% of…
Bitcoin’s price has taken a dive, dropping below $60,000 and continuing to slide. Market sentiment is turning bearish, raising concerns that a crash similar to the one in May 2021 may be looming. Parallels to May 2021 Andrew Kang, a fund manager, has highlighted similarities between the current market conditions and those leading up to…
Despite the ongoing market downturn, large investors are seizing the opportunity to accumulate Bitcoin. Whale Accumulation According to Santiment, investors holding over 10 BTC have increased their holdings by 1.07% in the past six months. This translates to over 5,000 BTC added to their wallets. Buying on Dips Notably, these whales have been buying more…
Market Disruption and Sun’s Proposal Germany’s recent Bitcoin sales have caused a drop in prices. To minimize the impact, Justin Sun, founder of TRON, has offered to buy all of Germany’s Bitcoin off-market. Germany’s Bitcoin Holdings According to Arkham, Germany still holds around $2.3 billion worth of Bitcoin, seized from a drug trafficker. Justin Sun’s…
Bitcoin has taken a hit, dropping below $58,000 in the past day. Here are some reasons why: CME Gap Analysts believe that the “CME gap” played a role in the price decline. This gap refers to the difference between Bitcoin’s price on the Chicago Mercantile Exchange (CME) futures market when it closed on Friday and…
Regulatory Freeze India’s once-booming crypto market is facing a regulatory chill. Exchanges are struggling to operate due to restrictions, fines, and even exits. Binance’s Troubles Binance, a global crypto giant, faced accusations of violating KYC norms. This led to a suspension of services and a $2.25 million fine. Binance has since collaborated with Indian authorities…
SEC Rejects Ripple’s Binance Ruling Interpretation The Securities and Exchange Commission (SEC) has filed a new document in the ongoing legal battle against Ripple Labs. The SEC argues that Ripple’s reliance on a recent ruling in the case against Binance Holdings is irrelevant and misguided. The SEC’s filing criticizes Ripple’s attempt to use the Binance…
