[ad_1] Recently, Vice President and Democratic nominee Kamala Harris disclosed her long-awaited stance on the crypto industry. Despite the criticism surrounding her seemingly “vague” approach, some politicians have felt “encouraged” about Bitcoin (BTC) and digital assets after the VP’s statements. VP Harris’ Crypto Statement “Encourages” US Congressman On Sunday, the US Vice President acknowledged the crypto industry for the first time since her campaign started. During her statement, Harris promised to invest in America’s competitiveness and future by encouraging innovative technologies like Artificial Intelligence (AI) and digital assets. Her comments sparked a discussion about her seemingly vague stance, which failed…
Author: dfrancis36
[ad_1] Bitcoin price movements and market sentiment have often been tied to the positions held by traders across the board. Regarding that, an insight shared by CryptoQuant analyst Amr Taha sheds light on the potential significance of Bitcoin’s long/short liquidation delta, hinting at a shift in market stance. This indicator, according to the shared insight provides a deep dive into how the balance between long and short positions can often foreshadow significant price corrections or rallies. Bitcoin Liquidation Suggest Imminent Market Shift Taha’s analysis centers around Bitcoin’s delta value, which is derived from comparing long versus short liquidations. In simple…
[ad_1] After Revolut, American zero-commission broker Robinhood is now considering launching stablecoins, Bloomberg reported. However, a Robinhood spokesperson said the company has “no imminent plans to launch this offering” without dismissing the report.Robinhood’s Crypto BetAlthough it started as a disruptor in the American stock brokerage market, Robinhood expanded its offerings to crypto and now generates a significant portion of its revenue from services around digital assets. Its crypto transactions revenue doubled to $81 million in the second quarter of 2024, while the total transaction-based revenue was $327 million.Robinhood has been offering cryptocurrencies to its American users for years, but it…
[ad_1] An analyst has pointed out how Dogecoin has reclaimed a major on-chain demand zone, which could open up the path to higher levels. Dogecoin May Not Have Much On-Chain Resistance At Upcoming Levels In a new post on X, analyst Ali Martinez has discussed about how DOGE has just overcome a major on-chain supply wall. On-chain supply ‘walls’ refer to price ranges that carry the cost basis of a significant amount of investors. Below is the chart from IntoTheBlock shared by the analyst, which shows how the different Dogecoin price ranges are currently looking in terms of this. In the…
[ad_1] According to a Bloomberg report, crypto trading platform Robinhood and financial technology company Revolut are exploring the launch of their own stablecoins. The potential move from Robinhood and Revolut comes amid growing pressure from regulators in Europe, which could loosen the dominance of Tether, the largest stablecoin issuer in the market. Tether And Circle Prepare For Regulatory Changes Various startups have attempted to challenge Tether’s USDT, which has maintained a stronghold in the stablecoin market, with a circulation close to $120 billion—over two-thirds of the total market. In contrast, its closest competitor, USDC, issued by Circle Internet, has a…
[ad_1] Cardano (ADA) has recently recorded impressive gains of nearly 13% over the past week, outperforming Bitcoin (BTC), the largest cryptocurrency by market capitalization. Analysts are optimistic about further price increases for ADA, particularly following the emergence of a “super signal” on the ADA/BTC trading chart. Cardano Price Tests Key Levels Market expert TrendRider highlighted this potential in a recent post on X (formerly Twitter), noting that the super signal indicates a strong possibility for ADA to gain value against Bitcoin in the upcoming weeks. This signal carries historical significance, boasting an 80% accuracy rate whenever it has appeared, suggesting…
[ad_1] Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $64,750 resistance. BTC is now consolidating near $65,000 and might remain supported. Bitcoin is consolidating gains near the $65,000 zone. The price is trading above $64,200 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $65,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear move above the $65,250 resistance zone. Bitcoin Price Regains Strength Bitcoin price remained supported near the $62,650…
[ad_1] PENDLE, the native token of Pendle, a real-world asset (RWA) tokenization platform, may be steady at press time. However, looking at CoinMarketCap data, the token is up 130X from its November 2022 lows and 41% from all-time highs registered in 2024. Whales Sending Tokens To Binance As prices cool off, there are emerging concerns. According to trackers, the Pendle Foundation, tasked with promoting the RWA platform, has been offloading tokens. At the same time, Arthur Hayes, the co-founder of BitMEX, one of the first crypto perpetual trading platforms, is selling. Specifically, over the last three weeks, a big chunk…
[ad_1] TRX, the native currency of the Tron network, is steady at press time and trending at around all-time highs. After the explosion in Q3 204, the uptrend remains, and buyers are confident that there will be more gains in the coming days. Tron Settles Nearly $100 Billion In On-Chain Volume The outlook is partly thanks to growing on-chain activity and shifts in crypto market sentiment after changes to monetary policy in the United States. According to IntoTheBlock data, the Tron network settled nearly $100 billion in on-chain volume in the past week. The spike in on-chain volume, the blockchain…
[ad_1] Este artículo también está disponible en español. Cardano is trading at a crucial supply level that could spark a significant rally to new highs. After last week’s interest rate cut, optimism has surged among analysts and investors, with many anticipating strong upward momentum for the altcoin. Related Reading This positive sentiment is reflected in spot trading and the futures market, where key data from Coinglass reveals a bullish inclination. The key market sentiment indicator of the funding rate suggests that traders are positioning themselves for a potential breakout. If Cardano breaks past its current resistance, a 20% surge is…