[ad_1] Bitcoin is currently testing a crucial support level after a 9% decline from its recent local highs. The broader crypto market, alongside traditional markets, has been experiencing heightened volatility, driven by the ongoing conflict between Israel and Iran. This geopolitical tension sends shockwaves through global markets, and Bitcoin is no exception. Amid this turbulence, many analysts focus on Bitcoin’s growing correlation with Gold as a key metric to watch. BTC, often called “digital gold,” has been showing an increasingly strong connection to the precious metal, especially in times of uncertainty. One prominent analyst, Axel Adler, has shared compelling data…
Author: dfrancis36
[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] Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has openly slammed the United States Securities and Exchange Commission (SEC) for its most recent legal move, marking a significant step in the ongoing dispute over XRP and the blockchain payment firm. US SEC’s Appeal Move Receives Backlash From Stuart Alderoty The prolonged legal tussle between the US SEC and Ripple over XRP saw a notable turn of events on Wednesday as the regulatory body filed for an appeal toward the court’s previous ruling that XRP does not constitute a security nature under the requirements of the current legislation. It is worth…
[ad_1] A widely followed cryptocurrency trader and analyst is leaning bearish on Bitcoin (BTC) and Ethereum (ETH) amid a market downturn. The trader pseudonymously known as Capo tells his 866,300 followers on the social media platform X that Bitcoin and Ethereum could fall by up to 21% and 23%, respectively, from the current levels. “There’s a possibility of one last shakeout, with BTC testing the $48,000 – $50,000 zone and ETH $1,800 – $2,000, before the real altcoin season begins.” Bitcoin is trading at $60,508 at time of writing, down by 6% over the past seven days. Ethereum is trading…
[ad_1] Este artículo también está disponible en español. Ethereum (ETH) co-founder Vitalik Buterin advocates reducing the ETH solo staking requirement to lower the entry barrier and promote greater network decentralization. Buterin Sees 32 ETH Requirement As A Barrier Responding to Ethereum educator Anthony Sassano on X regarding solo staking, Buterin expressed concern that the current 32 ETH requirement presents a bigger obstacle than bandwidth limitations. Related Reading For those unfamiliar, solo staking on Ethereum requires an individual validator to stake at least 32 ETH – approximately $75,200 at the current market price of $2,352. Solo staking allows crypto investors to…
[ad_1] Shiba Inu might be undergoing a bearish correction, but on-chain data suggests some good news and hints at something positive coming in the next few days. Particularly, on-chain data shows that the activity among large holders has spiked positively in the past 24 hours. This data is reflected through the large holder netflow on IntoTheBlock (ITB), which suggests a 45% increase in the past 24 hours and a 3,840% increase in the past 48 hours. This on-chain data has pointed to a conflicting dynamic among Shiba Inu whales and investors. SHIB Whales Back In Action IntoTheBlock’s large holder inflow,…
[ad_1] Este artículo también está disponible en español. Bitcoin (BTC) recently appeared poised for significant upside momentum and has experienced a notable price correction. Following a two-month high of $66,500 last Friday, the cryptocurrency retraced approximately 6% in the past week to around $60,000 by Thursday. Key Buy Zones For Bitcoin The anticipated bullish trend for Bitcoin was initially fueled by easing economic conditions, particularly following the US Federal Reserve’s decision to cut interest rates on September 18. However, escalating geopolitical tensions in the Middle East have shifted investor sentiment, prompting many to seek refuge in traditional safe-haven assets like…
[ad_1] The trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio may point towards a top being yet to occur in the current cycle. Bitcoin MVRV Ratio Hasn’t Yet Hit The Peaks Of Previous Cycles In a new post on X, the market intelligence platform IntoTheBlock discusses the historical trend of the Bitcoin MVRV Ratio. The “MVRV Ratio” is a popular BTC on-chain indicator that compares the asset’s market cap and realized cap. The market cap here is just the simple total valuation of the cryptocurrency’s supply at the current price. At the same time, the latter is an on-chain…
[ad_1] Solana trimmed gains and tested the $132 support. SOL price is consolidating and might aim for a fresh increase above the $140 resistance zone. SOL price started a fresh decline below the $145 zone against the US Dollar. The price is now trading near $142 and the 100-hourly simple moving average. There was a break above a short-term bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a recovery wave if it stays above the $132 support zone. Solana Price Revisits $132 Solana price started…
[ad_1] Shibarium, the layer-2 solution tied to Shiba Inu, has achieved a notable feat in total value locked (TVL), marking a significant milestone in its development and adoption. As of October 1, Shibarium’s TVL has surged past $7 million, hitting $7.06 million according to data from DeFiLlama. Shiba Inu Adoption Grows “Reaching this milestone within just a year of launching highlights the robust engagement and trust in Shibarium’s capabilities,” writes the Shiba Inu team in their latest edition of the SHIB Magazine. The network has seen considerable activity, with over 7,121,009 blocks processed and an impressive total of 418,887,296 transactions,…