[ad_1] On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio of the short-term holders is currently making a retest that could prove significant for BTC’s price. Bitcoin STH MVRV Ratio Is Retesting Its 155-Day MA Right Now As explained by on-chain analyst Checkmate in a new post on X, the short-term holder MVRV Ratio breaking above its 155-day moving average (MA) could lead to bullish action for Bitcoin. The MVRV Ratio is a popular indicator that, in short, keeps track of how the value held by the BTC investors as a whole (that is, the market cap)…
Author: dfrancis36
[ad_1] Bitwise Chief Investment Officer Matt Hougan has recently highlighted a growing trend of top financial advisors “allocating to cryptocurrency” in their portfolios. Speaking at the Barron’s Advisor 100 Summit in Palm Beach, Florida, Hougan shared insights on how some of the “most powerful people” in the financial industry are beginning to embrace digital assets like Bitcoin. Personal Crypto Investments Leading The Way During his keynote speech, Hougan engaged the audience by asking how many attendees owned Bitcoin or other cryptocurrencies in their portfolios. He noted that, while in previous years, only 10-20% of hands were raised, this year saw…
[ad_1] Este artículo también está disponible en español. Some top coins of Solana, Bitcoin, and even Ethereum are edging higher. However, while holders are barely up double digits over the past week, a meme coin trader on Solana is swimming in profits at spot rates. MooDeng Trader Turns $800 To $1.3 Million According to Arkham, a blockchain intelligence platform, the trader, who got in early, scooping $800 worth of MooDeng, a meme coin in Solana, has seen the investment swell to over $1.3 million roughly two weeks after buying. Related Reading: Analyst Warns Of Short Squeeze as Bitcoin Futures Market…
[ad_1] Dogecoin holders are working tirelessly to change the crypto’s trajectory after previous weeks of stagnation and disinteresting price action. Notably, on-chain data suggests that large holders of Dogecoin are working on extending a promising price rally last week. Data insights from IntoTheBlock (ITB) reveal that both large holder netflow and exchange netflow are showing significant upticks, suggesting an increased level of activity and accumulation among DOGE whales. Dogecoin Whales Increase Activity One of IntoTheBlock’s best indicators of whale activity, the “Large Holder Netflow,” recently saw an uptick from negative to positive readings. The large holder netflow tracks the difference…
[ad_1] Este artículo también está disponible en español. Shiba Inu (SHIB) may be on its way to reclaim former price highs, as a crypto analyst identified as the ‘Charting Guy’ has confirmed the reappearance of a unique symmetrical triangle pattern on the SHIB price chart. A breakout from this symmetrical triangle could see Shiba Inu potentially rallying above 200% from its current price. Shiba Inu Triangle Pattern Points To Breakout On September 23, Charting Guy took to X (formerly Twitter) to unveil a new trend pattern in Shiba Inu’s price chart. The chart highlighted three wave patterns and several Fibonacci…
[ad_1] Australia is taking considerable measures to regulate the cryptocurrency business, with the goal of improving consumer safety and reducing fraudulent activity. The Australian Securities and Investments Commission (ASIC) has revealed intentions to compel cryptocurrency enterprises, including exchanges, to seek financial services licenses under the Corporations Act. This decision comes amid growing worries about frauds and the need for an extensive monitoring of the fast changing digital asset sector. 🇦🇺 Australia will require crypto firms to obtain financial licenses as ASIC plans to update guidance on crypto assets, now seen as financial products, by November.https://t.co/z78kPXIw54 — Telo News (@Telo_Official) September…
[ad_1] Popcat (POPCAT) is spearheading the movement to bring attention to Solana’s memecoins. Many of these projects are proving the critics wrong, despite others doubting their “shelf life.” In the wake of Bonk’s ascent and its intention to introduce a Bonk ETP, Popcat has gained attention due to its most recent performance. Notably, CoinCodex has taken notice and has predicted that POPCAT’s price would grow significantly as long as its trading volume keeps increasing. Trade Volume Record Popcat’s trade volume increased by more than 128% in the last day, propelling it to the top of the CoinGecko charts. Its price…
[ad_1] Bitcoin is firm, adding nearly 30% after sinking to as low as $49,000 in early August. As bulls strengthen and fundamental factors swing in favor of the world’s most valuable coin, prices remain below $65,000. Looking at the daily chart, this reaction level coincides with August highs. Technically, if buyers find the required momentum, breaking above this level, it could soar to as high as $70,000, a psychological level, and even break $72,000. If this happens, it will mark the first time since June that bulls have overcome the resistance at their reaction level. Bitcoin price trending upward on…
[ad_1] September has turned out to be positive for Bitcoin despite previous scenarios where BTC faced pessimistic performances in the month. With October only a few days away, many crypto experts believe the optimism historically seen in the month could trigger a major rally that will send the crypto asset to new all-time highs before 2024 closes. Bitcoin To Hit New All-Time Highs By December Captain Faibik, a crypto expert and enthusiast in a recent X (formerly Twitter) post has predicted that Bitcoin is gearing up for a leg up to new all-time highs within the year. Faibik’s optimistic analysis…
[ad_1] Este artículo también está disponible en español. SUI has recently emerged as one of the top-performing altcoins, posting an impressive 120% surge since early September. This rapid price increase has captured the attention of both investors and analysts, as data from DefiLlama reveals that SUI’s Total Value Locked (TVL) is approaching the $1 billion mark. The rising TVL has fueled speculation that SUI could be on the brink of reaching a new all-time high, with many pointing to its growing ecosystem and increasing adoption as key factors driving its momentum. Related Reading Currently, SUI is testing a critical resistance…