[ad_1] Data shows the cryptocurrency derivatives sector has suffered a lot of liquidations as Bitcoin has rallied to the $66,000 mark. Bitcoin Has Now Recovered To The $66,000 Level The past day has been a great time for Bitcoin investors as the price has shown a sharp recovery surge, which has taken it to the $66,000 level for the first time since the end of last month. The below chart shows what the asset’s recent price action has been like. The price of the coin seems to have shot up over the past day or so | Source: BTCUSDT on…
Author: dfrancis36
[ad_1] The Bitcoin price is rising, reaching as high as $66,173 today; the asset appears to have hit a milestone behind the scenes. According to a CryptoQuant analyst, EgyHash, Bitcoin’s open interest—a measure of the total number of outstanding derivative contracts—has reached a new all-time high. This development signals heightened activity in the Bitcoin market and suggests strong sentiment among traders. Detailing The Open Interest ATH In a post on the CryptoQuant QuickTake platform, EgyHash detailed the significance of this new peak in Bitcoin’s open interest. The analyst noted, “Bitcoin’s open interest has reached a new all-time high of $19.8…
[ad_1] US Vice President Kamala Harris has pledged to support crypto regulation and digital assets in her new economic proposal, as various new media outlets reported on Monday. The bid comes after pro-crypto Republican candidate Donald Trump took the lead in the polls against the democratic nominee. Harris Pledges To Legalize Weed, Support Crypto As the November elections get closer, the US Vice President and Democratic nominee Kamala Harris unveiled a new proposal tailored for black men, offering an outlet for economic security, in an alleged attempt to make the group a “more central part of her campaign.” As reported…
[ad_1] Este artículo también está disponible en español. In an October 14 announcement, Malta-based Samara Asset Group revealed plans to increase its Bitcoin (BTC) holdings through proceeds from a $32.8 million bond issuance. Samara Targets 1,000 Bitcoin Milestone Publicly-listed asset management firm Samara announced it had mandated investment bank Pareto Securities as a sole manager to schedule a series of fixed-income investor meetings to potentially issue up to a €30 million or $32.8 million Nordic bond. Related Reading Notably, the proceeds from the bond issuance will be utilized toward expanding Samara’s existing investment portfolio by acquiring additional limited partnership stakes…
[ad_1] Este artículo también está disponible en español. Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance. Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,620 and $2,650 resistance levels. Ethereum Price Jumps Over 5%…
[ad_1] Bitcoin is at a pivotal turning point following the Federal Reserve’s interest rate cut over three weeks ago. Holding strong above the $60,000 mark, BTC is making strides toward new highs as the entire crypto market anticipates a potential rally in the coming weeks. This optimistic sentiment is fueled by various indicators, including key data from CryptoQuant, which highlights robust buy walls across all exchanges. These buy walls appear strong enough to neutralize sell walls, indicating a shift in market dynamics. The recent price action suggests that the six-month accumulation phase may soon end, prompting speculation about a significant…
[ad_1] Este artículo también está disponible en español. Bitcoin price started a fresh rally above the $64,500 resistance zone. BTC is now consolidating and might struggle to surpass the $66,400 resistance. Bitcoin is up over 5% and now faces hurdles near the $66,400 zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $66,400 resistance zone. Bitcoin Price Surges Over…
[ad_1] Solana meme coins are rising in dominance, challenging those minted on Ethereum and even the first of them all, Dogecoin. While Dogecoin is the most valuable, it increasingly faces stiff competition from Pepe and Shiba Inu. However, developers have been minting thousands of meme coins from the scalable chain over the past year, especially after Solana recovered from around $20 in Q4 2023. Solana Meme Coins Rising, Market Cap Exceeds $11 Billion According to Coingecko data, the total market cap of all meme coins on Solana is around $11 billion as of mid-October 2024. This valuation is up 5%…
[ad_1] Este artículo también está disponible en español. An expert believes that Dogecoin is on the verge of a huge price rally never seen since December 2021 as the cryptocurrency landscape showed it is ready for a breakout. Crypto analyst Ali Mаrtinеz weighed in on the coin’s technical landscape, saying Dogecoin’s price could rise to 200% in the upcoming weeks if the current pattern of indicators continues. Related Reading Dogecoin’s Price On The Rise Martinez observed that Dogecoin was able to break out from a multi-year downward trend, noting that this usually led to an upsurge in the meme coin’s…
[ad_1] On 14 October, copycat cryptocurrencies named after SpaceX surged after the successful test launch of Elon Musk’s Starship. The coins that are not affiliated with Musk’s aerospace firm, SpaceX, garnered massive price spikes across the platform from the attention gained during the launch. The big winner perhaps was SPACEX, a token based on PancakeSwap that went up by a whopping 5,824% in 24 hours with its price rising to $0.012192 and leading to its market cap to hit $80,800. Another token named after SpaceX, one that is based on the Solana (SOL) blockchain, also increased in value, going up…