[ad_1] Bitcoin (BTC) has faced a rough start to the historically bullish month of October, impacted by escalating geopolitical tensions in the Middle East. Despite this, bulls remain hopeful for a turnaround later in the month. Bitcoin’s “Uptober” Off To A Patchy Start The leading digital asset by reported market cap had a tumultuous beginning to its most bullish month since 2013. The chart below depicts how October has historically been the most bullish month for Bitcoin, giving a median return of 21.2%. Source: CoinGlass.com Yesterday, BTC briefly plunged below the critical $60,000 level before rebounding to $61,179 at press…
Author: dfrancis36
[ad_1] The price of Bitcoin has not had the most straightforward performance in 2024 despite a strong start to the year. The flagship cryptocurrency has spent most of the last two quarters in consolidation, fluctuating within the $50,000 and $70,000 range. This uninspiring performance has sparked conversations about the current cycle, with several analysts and experts predicting whether the bull run is still on. Amongst the latest to comment is the CryptoQuant CEO, who offered an interesting on-chain insight into the cycle. Why Are Whales Taking Less Profit This Cycle? In a post on the X platform, CryptoQuant CEO Ki…
[ad_1] Este artículo también está disponible en español. SUI is currently testing a crucial supply zone following a massive 95% surge triggered by the Federal Reserve’s recent interest rate cut announcement. The explosive rally, driven by significant buying pressure, has led to volatile price action, raising questions about whether this upward momentum can be sustained. As SUI hovers near its current highs, market speculation is increasing around the possibility of a correction to lower demand levels, with $1.40 being the key target. Related Reading Key data from Coinglass reveals a decline in market demand, signaling a potential slowdown in buying…
[ad_1] The US is entering the fray as it backs a class-action lawsuit against tech giant and graphics processing units manufacturer, Nvidia Corp. The Department of Justice and Securities and Exchange Commission are appealing to the Supreme Court to revive a case that accuses Nvidia Corp. of misleading investors about its revenue from cryptocurrency mining. This litigation has been on a rollercoaster ride since it was filed in 2018 and is back on the agenda. Government Support For Investors In an amicus brief that was filed October 2, Solicitor General Elizabeth Prelogar and SEC senior lawyer Theodore Weiman argued that…
[ad_1] Billionaire and crypto advocate Mark Cuban criticized the US Securities and Exchange Commission (SEC) Chairman for his crackdown on the industry, arguing that FTX and Three Arrows Capital (3AC) would still be in business if it weren’t for the US regulator. SEC Chairman Under Fire For Crypto Crackdown Mark Cuban recently joined two podcasts on Thursday to discuss industry-related topics, including the US elections, crypto adoption, and the SEC’s regulatory stance. The billionaire heavily criticized the US regulator and its chairman, Gary Gensler, for their “regulation via enforcement” approach to the sector. In an interview with Farokh Sarmad, Cuban…
[ad_1] Follow Tommy on X. This interview on the Danny Jones Podcast episode 263 both felt like it was being channeled from my own brain while also hitting me with an overload of new information. It hit the spot, as someone who has long held the opinion that all modern wars and psychological operations are symptoms of easy fiat money, and that the government is simply the biggest criminal cartel that grows large enough to self-legitimize its racket and assumes the role of moral authority. Kruse postulates that the goal of globalist transhumanists is to replace the U.S. Constitution, a…
[ad_1] A widely followed crypto analyst believes one Ethereum (ETH)-based altcoin is gearing up for a massive breakout. Crypto trader Michaël van de Poppe tells his 727,900 followers on the social media platform X that decentralized oracle network Chainlink (LINK) is looking bullish on the weekly timeframe as it consolidates above the key support level of $9.54. He also highlights key resistance levels to the upside on the weekly chart, including $12.20, $16.05 and $18.55. “Chainlink is still consolidating above the crucial resistance and flipping that for support. I think anything between $9-$11 is an interesting one to buy into.…
[ad_1] Este artículo también está disponible en español. Ethereum (ETH) has seen a 10.3% drop from last week’s highs following the recent market downturn. Its performance has worried many analysts and investors, considering ETH could be near another correction. Related Reading Ethereum Whales Send Millions To Exchanges Ethereum has struggled to reclaim some key resistance levels since the October 1 correction. On Tuesday, the cryptocurrency saw its price nosedive from the $2,600 zone to the $2,300 mark, hovering between the lower and higher range of that support level for the past few days. Since then, news of multiple investors moving…
[ad_1] The Dogecoin price suffered a notable crash along with the rest of the market after the Bitcoin price dropped to $60,000. This was brought about by the rising tensions in the Middle East as the fear of war wages on. While the decline in the DOGE price created panic among investors, bot everyone has succumbed to the fear. In particular, Dogecoin whales have seen this as an opportunity to load up their bags, buying over a billion coins in one day. Dogecoin Whales Spend $108.7 Million Earlier this week, the Dogecoin price suffered an almost 20% drop from above…
[ad_1] Este artículo también está disponible en español. The recent Chang hard fork upgrade in September has positioned the Cardano (ADA) blockchain as the top player in the crypto ecosystem, according to its founder, Charles Hoskinson. Hoskinson, who is also known for his role in co-founding Ethereum (ETH), has consistently praised Cardano’s progress over the past month following the recent upgrade, asserting its superiority over the largest cryptocurrencies on the market such as Bitcoin (BTC) in terms of decentralization. Hoskinson Declares Cardano Remains Top Dog In a recent post on social media platform X (formerly Twitter), Hoskinson reaffirmed Cardano’s status,…