[ad_1] On-chain data shows derivatives exchanges have just received large Ethereum deposits, something that could lead to volatility in ETH’s price. Ethereum Exchange Netflow Has Seen A Sharp Positive Spike Recently As explained by an analyst in a CryptoQuant Quicktake post, the Exchange Netflow for ETH has registered a large spike recently. The “Exchange Netflow” here refers to an on-chain indicator that keeps track of the net amount of ETH moving into or out of the wallets associated with centralized exchanges. When the value of this metric is positive, it means the investors are depositing a net number of tokens…
Author: dfrancis36
[ad_1] Santa Clara-based healthcare tech company Semler Scientific (SMLR) recently disclosed that it purchased an additional 47 Bitcoin (BTC), bringing its total holdings to 1,058 BTC. Semler Scientific Continues To Increase Its BTC Holdings Semler Scientific, a Nasdaq-listed healthcare manufacturer, announced that it bought an additional 47 BTC for $3 million. This acquisition comes as Bitcoin remains about 7% below its all-time high (ATH) value. The firm accumulated 141 BTC between July and September for $8.4 million. The latest purchase of 47 BTC was made between the end of September and November 4, according to the firm’s Q3 2024 report.…
[ad_1] XRP price is gaining pace above the $0.5050 support zone. The price is rising and might even aim for a move above the $0.5500 resistance. XRP price is eyeing a decent increase above the $0.5250 zone. The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5100 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5350 resistance zone. XRP Price Climbs 4% XRP price remained supported above the…
[ad_1] Donald J. Trump has officially emerged victorious, claiming the presidency for a second time as the 47th President of the United States. With a critical victory in Pennsylvania and a decisive win in Wisconsin, Trump clinched the presidency by surpassing the 270 electoral votes needed to secure his return to the White House. These key battleground states, which were closely contested throughout the campaign, proved pivotal in pushing Trump over the threshold, solidifying his victory.Trump’s final electoral tally reflects significant support across much of the Midwest and South, with additional wins in states such as Ohio and Florida reinforcing…
[ad_1] Este artículo también está disponible en español. Ethereum (ETH) stands at a critical turning point, with opinions split on its future performance this cycle. Some analysts argue that ETH will continue to lag, possibly underperforming against other assets like Bitcoin, which has shown strong momentum. However, others are optimistic, believing Ethereum is poised for an aggressive rally, especially if it can establish a solid bounce from current lows. Related Reading Renowned crypto analyst Ali Martinez has shared a compelling technical analysis, highlighting a correlation between ETH and the S&P 500. According to Martinez, this relationship could signal a substantial…
[ad_1] In a significant shift within the US political landscape, the crypto industry has surpassed traditional sectors in campaign spending during the 2024 election cycle, aiming to influence regulatory policies favorably. An analysis of Federal Election Commission (FEC) filings by the blockchain analytics firm Breadcrumbs, in collaboration with FOX Business, reveals that the digital asset sector has raised at least $238 million thus far, outpacing contributions from the oil and gas, pharmaceutical industries, and major Wall Street players like Citadel. Crypto Contributions Signal Urgent Need For Change The substantial financial backing from the crypto industry comprises corporate donations to super…
[ad_1] Este artículo también está disponible en español. As the US presidential election results loom, one analyst is expressing confidence in the continuous surge of memecoins, particularly in the context of the ongoing political landscape. In a recent social media post on X (formerly Twitter), Miles Deutscher asserted that dog-themed and cat-themed cryptocurrencies will continue outperforming the broader crypto market, regardless of whether Donald Trump or Kamala Harris emerges victorious. Dogecoin Leads Memecoins Resurgence On Election Day Bitcoin (BTC), the largest cryptocurrency on the market, is trading near the $70,000 mark, up a modest 2.2% over the past 24 hours,…
[ad_1] The Dogecoin price may be on the brink of a parabolic surge, as recent data shows a significant increase in the number of new daily addresses on the Dogecoin network. With the US Presidential election results set to be released soon, meme coins like Dogecoin are seeing a wave of interest from investors, recording price gains that suggest a potential for a significant surge in the post-election period. Dramatic Increase In New Addresses In an X (formerly Twitter) post on November 4, crypto analyst Ali Martinez unveiled new growth in the Dogecoin network, emphasizing that over 35,000 new DOGE…
[ad_1] Bitcoin market trend may be on the verge of a significant shift, according to a recent analysis shared by CryptoQuant analyst Percival. Percival described Bitcoin’s current phase as “chopsolidation,” a term used to describe a period of minimal directional movement where price consolidation occurs without a clear trend. This period, he suggests, may be drawing to a close, with an imminent market movement expected in the coming weeks. The Chopsolidations metric, as Percival notes, doesn’t predict the direction of Bitcoin’s next move. Instead, it assesses the exhaustion level of the current trend, helping to determine whether Bitcoin’s price is…
[ad_1] In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results. Winklevoss, along with his brother Taylor, had previously publicly supported former President Donald Trump, donating $1 million in Bitcoin each to his reelection campaign. Regulatory Fears Prompt Exodus Of Crypto Firms From US Winklevoss highlighted the significant financial toll that the Harris-Biden administration has imposed on the cryptocurrency sector, claiming that legal fees have reached $500 million. This figure reflects the ongoing…