[ad_1] According to the latest on-chain data, demand for Bitcoin, the world’s largest cryptocurrency, has been picking up pace over the last few days. The question here is — can this growing pressure jumpstart the Bitcoin bull run? Can The Latest Demand Spike Restart The Bull Run? CryptoQuant’s head of research Julio Moreno took to the X platform to share an interesting on-chain observation about Bitcoin and investors’ appetite over the last few weeks. According to the on-chain expert, apparent demand for BTC is growing at its fastest monthly pace since April 22. This on-chain revelation is based on the…
Author: dfrancis36
[ad_1] Sui (SUI) has been one of the most popular crypto assets of 2024, with notably high market gains and drastic price losses over the year. The altcoin is currently moving sideways following a recent price rally in the last week. As usual, these consolidative movements draw much speculation on the token’s next price action. SUI To Record ATH At $2.50, Analyst Says In an X post on Saturday, market analyst Michaël van de Poppe dropped a new price target for SUI based on its current bullish momentum. According to data from CoinMarketCap, SUI recorded a 30.01% profit in the…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] Este artículo también está disponible en español. XRP is currently testing a crucial resistance level that will shape its price action in the coming weeks. After the euphoria surrounding the Federal Reserve’s interest rate cuts in late September, the market is experiencing uncertainty and anxiety. While some investors remain optimistic, the recent price movements of XRP have led to a sense of caution. Top crypto analyst Amonyx has shared insights into the potential for an unexpected XRP rally. In his analysis, he suggests that the altcoin might surprise skeptics with gains surpassing 1,000%. According to Amonyx, this resistance level…
[ad_1] Bitcoin is currently holding above the $62,000 mark following a 5% surge from lower demand in the past few days. While the market grapples with uncertainty, recent data from Coinglass indicates that Bitcoin’s volatility has significantly decreased during this period of sideways trading. This reduction in volatility often serves as a precursor to major price movements, leading many investors to speculate that a significant shift in market dynamics could be on the horizon. As traders analyze market trends, the prevailing sentiment is mixed, with some expressing optimism about a potential bullish rally, while others remain cautious due to the…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Este artículo también está disponible en español. Dogecoin is currently in a consolidation phase following days of sharp volatility and wild price swings. Since the start of October, the meme coin has been trading within a tight sideways range, leaving some investors concerned about whether the anticipated rally for DOGE will ever materialize. The uncertainty in the market has heightened fears that Dogecoin’s price might stagnate further, as bullish momentum seems to have cooled off. Related Reading However, new data from Santiment offers a glimmer of hope for DOGE enthusiasts. The platform’s key metrics show that active addresses on…
[ad_1] The US cattle industry is going blockchain. Decentralized cow verification service, CattleProof’s “Verified,” has been approved, giving it the historic title as the United States Department of Agriculture’s very first blockchain-based Process Verified Program (PVP). CattleProof is a Wyoming company that uses the distributed ledger technology to store individual cow’s data. Blockchain For Livestock Verification The electronic identification tags attached to each animal provide a combination of data, noting the animal’s condition, location, and many other attributes, which are then stored immutably on a blockchain. This change dramatically makes tracking easier with farm-to-fork traceability also enabling farmers to observe the…
[ad_1] United States Senator Bill Hagerty has unveiled a discussion draft of a bill to provide clear regulations on the use and operations of stablecoins. This proposed legislation mirrors the same content and objectives as the “Clarity for Payment Stablecoins Act of 2023.”, however with a few modifications. Hagerty’s Bill Proposes Dual Regulatory Oversight For Stablecoin Issuers In July 2023, Republican Senator Patrick McHenry introduced the “Clarity for Payment Stablecoins Act of 2023” targeted at providing the needed recognition, supervision, and regulation of stablecoins in the United States. The bill was cleared by the US House Financial Service Committee seven…
[ad_1] Blockchain security platform Scam Sniffer recently revealed a crypto trader who lost $35 million in minutes. This trader is said to have lost this sum thanks to a social-engineered crypto scam, which continues to be rampant in the industry. How This Crypto Trader Lost $35 Million Scam Sniffer revealed in an X post that the crypto trader lost 15,079 fwDETH ($35 million) after signing a “permit” phishing signature. These scammers immediately sold off the funds, causing the price of dETH to plummet rapidly. This scam is also said to have led to attacks on protocols like PAC Finance and…