[ad_1] Solana is one of the top networks, commanding a market cap of over $81 billion, according to CoinMarketCap data. Even as crypto prices rise and sentiment improves, SOL has struggled for momentum. Solana Retraces: Will Prices Break $200? Over the past week of trading, market data shows that SOL is stable, posting a 3% dip over the previous 24 hours. The slide comes as Bitcoin, Ethereum, and Dogecoin march higher. SOL price action | Source: CoinMarketCap To put the numbers into perspective, Dogecoin is up 22% over the last week. Bitcoin has added 8% during that period, inching closer…
Author: dfrancis36
[ad_1] A widely followed analyst and trader is leaning bullish on a blockchain oracle built in the Solana (SOL) ecosystem while offering his outlook on Bitcoin (BTC) and Dogecoin (DOGE). Pseudonymous crypto trader Bluntz tells his 290,400 followers on the social media platform X that the native token of Solana-based blockchain oracle Pyth Network (PYTH) is primed for a strong bullish movement. “God candle loading on PYTH. Perfectly rounded bottom with three months of accumulation. Currently flirting with the final boss as far as accumulation resistance goes [just below the $0.50 price] and once cleared, clear skies ahead. Solana beta…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] In a recent interview with CNBC, Florida’s Chief Financial Officer, Jimmy Patronis, outlined the state’s increasing commitment to crypto investments. This comes in light of his recent directive urging pension fund managers to explore Bitcoin as a potential strategic reserve asset. ‘Crypto Is Not Going Anywhere’ During the interview, Patronis expressed confidence in the enduring nature of digital assets, stating, “Crypto is not going anywhere,” and emphasized the need for Florida to harness the opportunities that digital assets present. Patronis elaborated on his vision, explaining that the proposed use of Bitcoin would not only serve as an investment but…
[ad_1] Ethereum recent performance in the futures market is generating optimism among traders and analysts, according to insights shared by CryptoQuant analyst ‘ShayanBTC.’ As the second-largest crypto by market capitalization, Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts. Rise In Funding Rates To Drive Breakout? Positive funding rates imply that there are more aggressive buyers, indicating bullish sentiment, whereas negative rates suggest more sellers and a bearish outlook. This trend reflects a favorable market sentiment for Ethereum, albeit with some caution regarding its…
[ad_1] This week, the crypto industry is enjoying a moment, with the global market cap hitting $2.42 billion. Bitcoin, the world’s top digital asset, is leading the charge, with its price above $72,000 this Thursday. Other major altcoins have mixed results; Ethereum, Dogecoin, and Solana landed in reds today after enjoying a brief run for a few days. Then there’s Cardano, which gets extra attention while enjoying a range between $0.34 and $0.36. Nebulor, a Cardano supporter, recently shared his sentiment on Twitter/X, saying that ADA is fast emerging as the “main character” of the current bull cycle. Cardano’s Charles Hoskinson…
[ad_1] Este artículo también está disponible en español. On Wednesday, BlackRock, the world’s largest asset manager, achieved a significant milestone in the Bitcoin ETF market, recording the largest inflows since the inception of these investment funds in January. Bitcoin ETF Demand Soars Ahead Of US Presidential Election According to Bloomberg, approximately $872 million flowed into BlackRock’s iShares Bitcoin Trust on Wednesday, marking a daily record for the fund. This influx highlights the strong demand for Bitcoin ETFs, with subscriptions for this nine-month-old product ranking among the highest globally for ETFs in 2024. As a result of the inflows, BlackRock’s total…
[ad_1] According to the latest report from blockchain security firm Immunefi, the cryptocurrency sector will face persistent challenges with hacks and scams in 2024. The report highlights that although exploit losses have decreased monthly, the industry has seen more than $1.4 billion lost to 179 hacks and scams this year. In October alone, losses amounted to $55.1 million, a significant reduction from the $126.9 million lost in September, marking a 56.6% drop. Nevertheless, Immunefi’s data highlights the continued vulnerability of the industry, as the cumulative losses remain substantial. The October losses are particularly notable due to their concentration across several…
[ad_1] Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term. SOL price started a fresh decline after it struggled near the $185 zone against the US Dollar. The price is now trading below $172 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a decent upward movement if it stays above the $165 and $162 support levels. Solana…
[ad_1] Paxos has expanded its stablecoin offerings with the launch of Global Dollar (USDG), a US dollar-backed stablecoin that aligns with Singapore’s upcoming stablecoin regulations. The company claims that this stablecoin is “designed to support the needs of regulated institutions.”A Regulatory-Compliant StablecoinAnnounced today (Friday), Paxos’ Singapore-based subsidiary, which is regulated by the Monetary Authority of Singapore (MAS), is the issuer of the new stablecoin. The company will partner with global exchanges, wallets, and platforms for the distribution of the stablecoin to individuals and institutions.Initially, USDG will be available on the Ethereum blockchain, but the company plans to issue it on…