[ad_1] Bitcoin is under pressure at press time, looking at trends over the past two weeks. Despite the upswing in September, bulls started on the wrong feet in October, dropping from around $66,000. Although the coin is up at press time, bouncing from below $60,000 after the slip on October 10, buyers need to prove that they are in charge. Bitcoin Whales Accumulate 1.5 Million BTC In 6 Months While fundamental factors are closely monitored, on-chain data can show where the market could be headed. In a post on x, one analyst notes that Bitcoin whales could be taking advantage…
Author: dfrancis36
[ad_1] Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] With over $90 billion worth in crypto inflows, Argentina has been declared Latin America’s leading market for cryptocurrency, dethroning Brazil. The growing instability and unpredictability in the economy as well as inflation has forced people of the country to explore the decentralized world of crypto, immediately making them key players in their region. In fact, it is responsible for almost 25% of the total crypto inflows of Latin America, outweighing that of Brazil at 18%, data from Chainalysis shows. It’s the need for an alternative to banking that drove the nation to adapt digital assets and decentralized banking. Economic…
[ad_1] Este artículo también está disponible en español. Ethereum is flat at press time, moving inside a narrow $400 range with caps at $2,300 on the lower end and $2,800 as the upper limit. Even though investors are upbeat, expecting prices to soar in the coming sessions, uncertainty continues to engulf the market. Ethereum Finds Support At $2,300: Over 52 Million ETH Bought The second world’s most valuable coin is bearish, dumping by over 50% from July highs and unable to break the local resistance at $3,500. As traders closely monitor how price action pans out, one analyst has picked…
[ad_1] Bitcoin is experiencing significant volatility and uncertainty after falling below the $60,000 mark. This dip has sparked mixed reactions among investors. Some view it as a potential bear trap, indicating that the price may soon rally, while others fear that the market could be headed for a deeper correction. Despite the conflicting sentiments, critical data from CryptoQuant reveals that Bitcoin whales have accumulated BTC heavily over the past six months. As the price hovers just above the key $60,000 level, many investors speculate about the current market conditions. Could this prolonged accumulation period by large holders signal a bullish…
[ad_1] Este artículo también está disponible en español. Bitcoin is currently hovering above a key support level, and any minor selloff triggered by a group of traders could potentially snowball into a wave of intense selling pressure. This fragile situation is underscored by data from the on-chain analytics firm Santiment, which revealed that over 30,000 BTC, valued at approximately $1.83 billion, has been transferred to crypto exchanges within a short period. Undoubtedly, such a huge amount of BTC entering crypto exchanges is problematic, especially in terms of a bullish outlook for the cryptocurrency. 30,000 BTC Sold In 72 Hours According…
[ad_1] Dogecoin (DOGE) is gradually recovering from the start-of-October crypto market crash, which saw the altcoin sector shed significant value. Despite this bullish sign, investors are migrating to tokens that promise astronomical returns by Q1 2025. This explains why RCO Finance (RCOF), an upcoming presale altcoin, generates massive hype. Discover why Dogecoin (DOGE) analysts and investors are buzzing about RCO Finance (RCOF). Dogecoin Recovers Partially: Is An All-Out Resurgence Imminent? The crypto market started October with bears on the front foot after Bitcoin (BTC) revisited the $60,000 range following a downward correction from its September high of $66,480. In quick…
[ad_1] The founder of Tezos (XTZ) and his wife are taking the IRS to court once again over the agency’s treatment of their staked XTZ tokens. In a new complaint filed with a Tennessee Federal court, Josh and Jessica Jarrett contend that newly minted tokens from staking should only be treated as taxable if they are sold. “New property is not taxable income; instead, taxable income arises from the proceeds from the sale of that new property. In all other contexts, the IRS recognizes that new property is not taxable income. When a taxpayer creates new property—whether a farmer’s crop,…
[ad_1] The founder of TRON and a well-known figure in the blockchain industry, Justin Sun, has taken his talents into politics as he has been elected as the prime minister of the Free Republic of Liberland, a nation situated between Croatia and Serbia. Liberland was founded in 2015 by Czech politician Vít Jedlička on a seven-square-kilometer stretch of disputed land. The goal of this new sovereign entity is to become a libertarian society where personal and economic freedoms thrive, with minimal government intervention. Although Liberland is not officially recognized by the United Nations, this is still a groundbreaking move as…