[ad_1] A widely followed analyst and trader is offering his forecast on three crypto assets. The analyst pseudonymously known as Bluntz tells his 283,900 followers on the social media platform X that Dogecoin (DOGE) is “so close to major breakout” after a brief correction on the two-hour time frame. Based on the widely followed analyst’s chart, it appears he’s suggesting that Dogecoin has broken out of a descending trend line on the daily time frame and is now attempting to climb above the resistance level at around $0.132. Source: Bluntz/X Dogecoin is trading at $0.122 at time of writing. Next…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Henrik Zeberg, a macroeconomist known for his expertise in business cycles, has pinpointed an upcoming rally of at least 60% for the Bitcoin price in his latest technical analysis. The seasoned analyst has identified a pattern across three critical technical indicators that have historically signaled major upward price movements when all aligned. Bitcoin Price Set For Next Bull Run Zeberg highlights the Relative Strength Index (RSI), which is traditionally used to assess whether an asset is overbought or oversold. Currently, the RSI is positioned above the 50 mark, which often indicates growing…
[ad_1] Este artículo también está disponible en español. Ethereum price is consolidating gains above the $2,580 resistance. ETH could gain pace if it clears the $2,650 resistance zone. Ethereum remained in a positive zone above the $2,550 and $2,580 resistance levels. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Aims For More Upsides Ethereum price remained…
[ad_1] Ireland appears to be taking swift action to implement new crypto regulations in anticipation of the European Union’s upcoming Anti-Money Laundering (AML) and counter-terrorism financing (CTF) standards. Finance Minister Jack Chambers announced to the cabinet that urgent legislation will be drafted to update the country’s crypto regulations before the EU’s new laws take effect on December 30. What The Law Entails So far, the specific details of the proposed legislation have not been disclosed; however, assessing the move, it seems to align with the broader objectives of the EU’s AML and CTF initiatives. These new regulations are designed to…
[ad_1] On-chain data shows around 95% of all Bitcoin holders are in profit following the latest bullish action that the asset’s price has seen. Very Few Bitcoin Addresses Are Still Underwater In a new post on X, the market intelligence platform IntoTheBlock has shared an update on how the Bitcoin holder’s profitability is currently looking. The analytics firm has made use of on-chain data to determine this. IntoTheBlock has gone through the transaction history of each address on the network to check the average price at which it acquired its coins. Wallets with a cost basis below the current price…
[ad_1] A recent report from Andreessen Horowitz (aka a16z) , a venture capital firm, revealed an upsurge in crypto interest in swing states barely three weeks before Americans cast their vote for this year’s US presidential election. Pennsylvania and Wisconsin, two of the top swing states, have recorded some of the highest growth in cryptocurrency interest since the 2020 US elections, according to the State of Crypto 2024. Crypto Interest In Key States The report stated Pennsylvania got the fourth highest increase in cryptocurrency interest at +5.3 followed by Wisconsin at fifth place with +4.7, both of which are expected…
[ad_1] Este artículo también está disponible en español. Bitcoin (BTC), the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher. Historically, October has been a strong month for BTC, and recent trends suggest that the cryptocurrency may be on the verge of a substantial upward movement. Over the past week alone, the Bitcoin price has surged more than 13%, approaching its all-time high of $73,700 set in March of this year. Increased Global Liquidity And Low Supply Deutscher notes that Bitcoin has been consolidating above critical support levels for much of the…
[ad_1] Payment processing giant Stripe is in talks to acquire Bridge, a fintech startup specialising in moving money using stablecoins like Tether’s USDT and Circle’s USDC, for $1 billion, Bloomberg reported, citing anonymous sources familiar with the discussions.However, the acquisition has not yet been finalised, and neither company has officially confirmed any move in this direction. The report also noted that either party could still back out of the deal.Payment Giants Are Interested in StablecoinsHeadquartered in Texas, Bridge supports payments from more than 70 countries and allows businesses to accept payments from anywhere using stablecoins. In its last Series A…
[ad_1] According to a report by Aspen Digital, crypto assets are becoming increasingly popular among Asian private wealth managers, as 76% said they are investing in cryptocurrencies. Potential Upside Leading To Greater Interest In Crypto Titled “Asian Private Wealth in Digital Assets,” the report sheds light on the rising adoption of digital assets among Asian private wealth managers. The report surveyed approximately 100 family offices (FOs), high-net-worth individuals (HNIs), and asset managers across Asian countries like Japan, Singapore, and Hong Kong in the second half of 2024. The proportion of respondents investing in cryptocurrencies has surged to 76% in 2024,…
[ad_1] Cardano price started a fresh decline below the $0.3565 zone. ADA is consolidating above $0.3420 and might attempt a recovery wave. ADA price started a downward move below the $0.3520 support level. The price is trading below $0.3500 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.3460 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.3520 resistance zone. Cardano Price Consolidates Losses After testing the $0.3700 resistance, Cardano struggled to continue higher. ADA…