[ad_1] The price of Bitcoin has experienced some instability in the last few hours declining by almost 3%. This negative price action drives more attention to the largest digital asset, especially with the US election fast approaching. While many analysts are now skeptical of Bitcoin’s immediate movements, pro-trader Justin Bennett already issued a cautionary insight into the asset’s future. Bitcoin Breaches Crucial $69,000 Support Zone In an X post on November 1, Bennet shared an analysis of the BTC market, proclaiming the dip below $70,000 as a concerning development. Notably, the premier cryptocurrency had risen by over 23% in the…
Author: dfrancis36
[ad_1] In an interesting development, the creator of the fraud NFT collection “Mutant Ape Planet” Aurelien Michel is set to avoid a prison sentence following a recent court ruling. However, the defendant has been ordered to forgo over $1 million as punishment for conducting a rug pull. Mutant Ape Creator To Pay $15,000, Escapes Prison Sentence On Technicality In January 2023, the US Attorney’s Office, Eastern District of New York rolled out an indictment against Michel accusing the latter of defrauding unsuspecting investors of $2.9 million via the sale of the “Mutant Ape Planet” NFTs, modeled after the popular “Mutant…
[ad_1] Este artículo también está disponible en español. Solana (SOL) is currently trading at a crucial demand level near $163, following a retrace from local highs around $183. This price is a critical support area that could determine the direction of SOL’s upcoming price action. Losing this level could signal a deeper correction, which would intensify selling pressure and potentially push SOL to retest lower support levels. However, top analyst Daan shared a technical analysis suggesting that if SOL can hold this “green zone” around $160, it could pave the way for a rebound. Daan notes that in the most…
[ad_1] Two Ethereum Foundation researchers Justin Drake and Dankrad Feist have disclosed the decisions to drop their advisorship positions with EigenLayer. The two experts took on this role with the restaking protocol earlier in May 2024 — but much to the disappointment of the crypto community. As reported by Bitcoinist, the prominent crypto figures took the step to join EigenLayer as advisors, with Drake specifically promising to reinvest his earnings into the ETH ecosystem. Nevertheless, the crypto community on the social media platform X raised their concerns about conflicts of interest surrounding the appointment of the Ethereum researchers. Justin Drake…
[ad_1] Web3 Liberation from Postmodernism’s Stranglehold: The Art Renaissance By VESA Postmodernism isn’t just an art issue—it’s everywhere. This single, pervasive philosophy has seeped into big tech, corporations, legislation, media, and nearly every major institution, often strangling genuine creativity, diversity of thought, and depth. For comparison, there are around 200 other philosophies, 4,300 religions, the male perspective, homemaker moms, the working class, the diminishing middle class, the scientific paradigm, and much more that are left out of gallery circles simply because they don’t fit the dominant narrative, which paradoxically claims to be the one that’s repressed. It’s really a luxury…
[ad_1] The Spot Bitcoin ETFs have become a major headliner recently due to heightened levels of market inflows. According to data from SoSoValue, these ETFs have attracted over $5 billion in investments over the past three weeks coinciding with an impressive Bitcoin price rally of over 23%. However, amidst this euphoria, macro investment researcher Jim Bianco says these Spot ETFs have contributed no significant growth to the Bitcoin market. Spot Bitcoin ETFs Bring In No New Money, Only Recycled Investments In a series of X posts on November 2, Bianco claimed the Spot Bitcoin ETFs despite their impressive inflow record…
[ad_1] Bitcoin is set to close out a volatile week, marked by an attempt to break its all-time high (ATH) that ultimately ended in a retracement to lower demand levels. Despite this pullback, market sentiment remains largely positive. Key data from CryptoQuant reveals that the Net Taker Volume (SMA-24H) across all exchanges currently indicates a bullish outlook, as buying pressure outweighs selling pressure in this metric. This trend highlights growing confidence among investors, aligning with the broader sentiment seen after the recent U.S. election results, which have injected fresh optimism into the crypto market. Analysts anticipate an uptrend for Bitcoin,…
[ad_1] The chief executive of digital asset insights firm CryptoQuant says stablecoins are witnessing increased adoption via use-case expansion. CryptoQuant’s Ki Young Ju tells his 368,500 followers on the social media platform X that the total market cap of stablecoins is exploding for reasons other than digital asset trading on exchanges. The on-chain analyst’s data shows that only about one in five stablecoins are being used to buy and sell crypto. “In September 2021, exchange stablecoin reserves exceeded $30 billion. From this point, I considered the stablecoin market to be sufficiently grown, making comparisons from this time valid. Today, the…
[ad_1] Este artículo también está disponible en español. Dogecoin (DOGE) is currently trading at a pivotal level following a 17% retrace from its recent highs around $0.179. This pullback has brought DOGE to a significant demand zone, catching the attention of top analyst Daan, who recently shared a technical analysis identifying this level as an opportunity for accumulation. According to Daan, the current support zone could act as a launchpad if buying pressure intensifies, positioning DOGE for a potential rebound. However, the upcoming days are expected to bring heightened volatility and uncertainty, primarily due to the approaching US election and…
[ad_1] It is the election season in the United States, and Bitcoin and the broad cryptocurrency industry have never been more involved in the political landscape. From the openly friendly stance of former President Donald Trump to the relatively reserved position of Vice President Kamala Harris, there has been quite some drama in the interplay between the crypto market and United States politics. There have been numerous discussions concerning the outcome of the elections and its potential impact on the crypto landscape. QCP Capital, a prominent trading firm, is amongst the latest to weigh in on the results of the…