[ad_1] With a growing number of online brokers providing both institutional and retail investors with easy access to financial markets, trading has become an increasingly popular endeavor among individuals from all walks of life, many of which might not have dared to take the leap previously. These platforms not only bring a wide array of tradeable assets to users’ fingertips, diversifying their investment options, but also provide a multitude of features that make the trading process simpler, more affordable, and enjoyable, and XS.com is frequently cited as a prime example in this respect. Unfortunately, traders and investors were not the only…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. A “Diamond Hand” Ethereum (ETH) whale has suddenly emerged, transferring a massive 15,000 ETH token to a major exchange. Given the sheer size of the transaction, this whale has caught the attention of many Ethereum investors and the broader crypto community. Diamond Hand Whale Moves 15,000 ETH Tokens Spot On Chain, a blockchain analytics platform, revealed on September 22 in an X (formerly Twitter) post that an anonymous Diamond hand whale had transferred 15,000 ETH valued at $38.4 million from their wallet address “0x682” to Kraken, one of the world’s biggest crypto…
[ad_1] As Ki Young Ju notes, Bitcoin mining activity is shifting to the United States, though Chinese miners still dominate. In a post on X, Ju, the founder of CryptoQuant, a crypto analytics platform, observes that more United States mining pools are gaining market share from their Chinese counterparts, based on the Bitcoin hash rate dominance. Bitcoin Hashrate Shifting To The US After China Ban As of September 23, Chinese Bitcoin mining pools controlled 55% of all Bitcoin hash rates. At the same time, those operating from inside the United States control 40% of the total. This means that the…
[ad_1] Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he…
[ad_1] Bitcoin has experienced a significant price surge since Tuesday, following the Federal Reserve’s announcement of a 50 bps interest rate cut. This move pushed BTC past the $62,000 mark, a key psychological level that has shifted investor sentiment from cautious to optimistic. The breakthrough is seen as a critical turning point for the market, with BTC now testing local supply levels. As BTC continues to climb, analysts focus on Bitcoin dominance, which may be on the verge of a deep correction. A decline in Bitcoin’s dominance could trigger a new phase of aggressive gains for altcoins. Historically, when BTC…
[ad_1] A closely followed crypto trader is predicting that one Solana (SOL) competitor is gearing up for an explosive set of rallies. Pseudonymous trader Criptopaul tells his 112,800 followers on the social media platform X that layer-1 chain Sui (SUI) has strong market fundamentals and massive upside potential. He notes the total value locked (TVL) in Sui has been skyrocketing, which is sometimes seen as a bullish precursor for price action. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem. He also says that…
[ad_1] Este artículo también está disponible en español. An analyst has explained why Bitcoin could end the year 2024 inside the $108,000 to $155,000 range if history repeats for the asset. Bitcoin Performance Has Been Similar To Last Two Cycles So Far In a new post on X, analyst James Van Straten has discussed about the BTC price performance from the cycle low chart for the last couple of cycles. As its name suggests, this chart captures the price trend between successive cyclical lows. For the latest cycle, the start-point is naturally the bottom that was observed shortly following the…
[ad_1] Bitcoin is currently trading around $63,500 as we start the journey into the last week of September with optimism for bullish prices. Renowned crypto analyst Willy Woo has offered an optimistic outlook for Bitcoin’s next steps, drawing attention to a key technical indicator, the Puell Multiple. In his recent analysis, Woo suggested that Bitcoin is positioned for a significant rally, forecasting bullish momentum as we head into the final quarter of 2024. The Role Of The Puell Multiple Willy Woo’s outlook revolves around the Puell Multiple, a metric that helps identify Bitcoin’s market cycle peaks and troughs by comparing…
[ad_1] Hedge fund veteran and former White House Press Secretary Anthony Scaramucci says that Ethereum’s (ETH) biggest rival will play a major part in the “layer-1 blockchain financial revolution.” In a discussion at the Solana Breakpoint 2024 conference, the SkyBridge Capital founder says there are endless amounts of third parties involved in the securities and finance industry which present unnecessary friction for users. He says that Solana (SOL) is capable of eliminating the friction, potentially freeing up $7 trillion in capital that can subsequently be put back into the economy and put to good use. “The problem in the securities…
[ad_1] Este artículo también está disponible en español. Making waves in the crypto industry today, Bittensor (TAO) is showing an impressive annual increase. The current explosion in artificial intelligence adoption has spurred more interest in cryptocurrencies, and Bittensor is conspicuously leading in this regard. Related Reading TAO has shown an amazing 1,000% price rise over the last year. The digital asset was up by a solid 65% this month. Looking ahead, CoinCodex projects a whopping 243% price rise, maybe reaching $1,827 by October 23, 2024, therefore inspiring investor hope. Right now, Bittensor is trading at $525, slightly below the vital…