[ad_1] The crypto market cap is down by 6%, with more than half a billion crypto bets liquidated amid flaring geopolitical tensions in the Middle East. Tensions In The Middle East Rattle The Crypto Market The total crypto market cap has dropped by 6%, sliding to $2.24 trillion at press time, as geopolitical tensions between Iran and Israel escalate. Yesterday, Iran launched ballistic missiles at key Israeli locations, causing the market to remain volatile as Israel vowed to retaliate in the coming days. According to data from CoinGlass, more than $556 million worth of futures contracts were liquidated in the…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Despite the green September close, Bitcoin (BTC) and the rest of the market faced another bloodbath as October started. The flagship crypto saw a 7% decline, fueling a bearish sentiment among investors. However, most analysts remain optimistic about BTC’s performance in the next three months. Related Reading Is This The ‘Shakeout Before Breakout’? The market began the month of October, popularly known as “Uptober” by the crypto community, with the first shakeout of the quarter, losing 6.5% of its market capitalization. Most cryptocurrencies in the top 100 saw a considerable price drop,…
[ad_1] Kraken Exchange’s decision to delist Monero (XMR) sent shockwaves across the cryptocurrency space. Trading and deposits for Monero in the European Economic Area (EEA) will be shut off before the end of October, 2024. Increasing regulatory scrutiny was cited as a reason for the move. The pressure has dragged the coin’s price below $150, showing that privacy-focused cryptocurrencies still face a lot of setbacks. The Price Decline Monero has also not been spared in the rollercoaster ride in terms of price. Days before the Kraken delisting announcement, it was hovering around $158, failing to maintain its footing amidst a…
[ad_1] Cardano price started a fresh decline from the $0.3850 resistance. ADA is consolidating above $0.3350 and might attempt a recovery wave. ADA price started a downward move below the $0.3550 support level. The price is trading below $0.350 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.3480 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move down if it stays below the $0.360 resistance zone. Cardano Price Dips Again After testing the $0.4150 resistance, Cardano struggled to continue higher. ADA formed…
[ad_1] Dogecoin has been caught in a whirlwind of adoption, especially when it comes to new investors. Crypto analyst Ali Martinez shared on X that the meme coin has seen a major rise in the number of new daily addresses. In the space of a week, new addresses being registered on the Dogecoin network daily saw a 72% jump. This suggests increased adoption that could mean an influx of new money into the meme coin from here. A 72% Jump In One Week As the crypto market ushered in the new month of October, the Dogecoin network was averaging around…
[ad_1] XRP price extended losses and tested the $0.5240 support level. The price is now consolidating and might struggle to start a fresh increase. XRP price declined further below the $0.5850 zone. The price is now trading below $0.580 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could struggle to recover above the $0.5950 and $0.600 resistance levels. XRP Price Dips 5% XRP price extended its decline below the $0.600 level, underperforming Bitcoin and Ethereum. The…
[ad_1] Edward Snowden, the renowned whistleblower and privacy advocate, made sharp comments about Solana during the TOKEN2049 conference in Singapore. After delivering his speech, titled “The Next Threat to Speech,” Snowden engaged in a Q&A session where he criticized Solana’s architecture, expressing concerns about its centralized nature and the types of projects it facilitates. Responding to the question, “How do we design technology from first principles so we know it’s safe?” Snowden took the opportunity to draw comparisons between Bitcoin’s adversarial design and what he perceives as Solana’s more vulnerable, centralized system. “When you look back at the Bitcoin whitepaper,…
[ad_1] Este artículo también está disponible en español. Ethereum price extended its decline below the $2,450 level. ETH is now consolidating and might struggle to recover above the $2,425 level. Ethereum declined further and traded below the $2,400 zone. The price is trading below $2,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,425 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,350 support to start a fresh increase in the near term. Ethereum Price Holds Support Ethereum price remained in a bearish…
[ad_1] According to a recent Forbes report, US lawmakers from both sides of the political spectrum are rallying around a proposal to create a strategic Bitcoin (BTC) reserve for the US, following Senator Cynthia Lummis’ speech at the 2024 Bitcoin Conference in Nashville. The pro-crypto Senator unveiled the new legislation to use existing federal funds to purchase one million BTC, positioning the United States as the largest nation-state holder of the cryptocurrency. Bitcoin As Federal Reserve Asset On the same day Lummis introduced her legislation, former President Donald Trump outlined his own vision for a “national Bitcoin stockpile,” committing to…
[ad_1] Este artículo también está disponible en español. Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development. XRP ETF Applications Gain Momentum Despite this initial step, the road to approval is fraught with challenges. No XRP ETF is guaranteed to meet the SEC’s regulatory standards. Related Reading Recent reports indicate that applications for ETFs linked to Solana, the fifth-largest cryptocurrency, were recently…