[ad_1] Ethereum price extended its increase above the $2,650 resistance. ETH is now correcting gains and might find bids near the $2,600 support. Ethereum is currently correcting gains from the $2,700 resistance. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,550 support to continue higher in the near term. Ethereum Price Holds Support Ethereum price remained well-supported and extended its increase, beating Bitcoin. ETH was able to clear…
Author: dfrancis36
[ad_1] Kraken has announced the completion of its acquisition of Coin Meester B.V. (BCM) today (Tuesday). This acquisition is a part of Kraken’s strategy to grow in Europe.With BCM, one of the oldest registered crypto brokers in the Netherlands, Kraken has expanded its presence in the Dutch market. This move also strengthens Kraken’s operations as a registered Virtual Asset Service Provider (VASP) in France and Poland.VASP Services Available across EuropeIn the past two years, Kraken has accelerated its expansion across Europe. This growth comes ahead of the implementation of the Markets in Crypto-Assets Regulation. As a result of this expansion,…
[ad_1] With the market recovery in 2024, the number of newly minted Bitcoin millionaires have been on the rise. Given that the BTC price actually touched a new all-time high this year, the number of Bitcoin wallet holding balances of at least $1 million have skyrocket. So, in this report, we take a look at how many new BTC millionaires have been made and how much the number has grown compared to the figure from the previous year. Bitcoin Millionaires Cross 110,000 Data shows that over 20,000 new Bitcoin millionaires have been made so far in 2024 alone. According to…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] As the year draws to a close, significant developments are emerging from the fallout of the defunct cryptocurrency exchange FTX, once led by convicted founder Sam Bankman-Fried. After months of anticipation, there are signs that payouts to FTX customers affected by the exchange’s collapse two years ago are finally on the horizon. $16 Billion In Cash Set For Distribution Market expert MartyParty recently highlighted this progress, referring to “actual evidence from actual FTX customers on actual intentions.” In a post on social media platform X (formerly Twitter), one user shared their experience, stating they had managed to withdraw most…
[ad_1] Este artículo también está disponible en español. As the broader crypto market shows signs of notable recovery, memecoins are experiencing significant gains, reflecting investors’ renewed appetite for quick and substantial returns after a period of volatility and price declines. Move From Bitcoin To Memecoins In Upcoming Crypto Bull Run? Crypto analyst Ardizor has outlined five memecoins to watch, anticipating that these assets could yield substantial returns as what he describes as the “biggest bull run” in crypto is set to commence in October. Related Reading According to Ardizor, Bitcoin (BTC) cycles typically begin 170 days after its Halving event…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] Data shows the Bitcoin Open Interest has been heading up again recently, a sign that volatility could be coming for the asset’s price. Bitcoin Binance Open Interest Has Registered A Notable Increase Recently As explained by an analyst in a CryptoQuant Quicktake post, the BTC Open Interest on Binance has risen to $28.3 billion recently. The “Open Interest” here refers to an indicator that keeps track of the total amount of Bitcoin-related positions currently open on a given platform. When the value of this metric goes up, it means the investors are opening up fresh positions on the exchange…
[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] According to a recent report from Bloomberg, crypto assets and US stocks are increasingly moving in tandem, reflecting a significant correlation that has not been seen in recent months. This correlation suggests that the macroeconomic factors influencing equity markets also shape the digital asset landscape. Correlation Between Digital Assets And S&P 500 Per the report, the 40-day correlation coefficient for a gauge of the largest 100 digital assets and the S&P 500 Index currently stands at approximately 0.67. This level of correlation has only been surpassed once, during the second quarter of 2022 when it peaked at 0.72. In…