[ad_1] Este artículo también está disponible en español. Bitcoin Cash (BCH) is bracing for a potential downturn after a brief rebound from a trendline failed to ignite bullish momentum. Instead, the cryptocurrency now faces a bearish extension, with its sights set on the key support level at $288. As sellers regain control, the market is on high alert, wondering if this renewed downward pressure will drive BCH even lower or if a bounce-back is still possible. This article explores Bitcoin Cash’s recent bearish extension following its failure to break above the trendline. It will analyze key technical indicators, examine the…
Author: dfrancis36
[ad_1] MicroStrategy announced it had purchased 18,300 Bitcoin for $1.11 billion, boosting its total holdings to 244,800 BTC acquired for $9.45 billion. The business intelligence firm, led by Bitcoin bull Michael Saylor, has been steadily accumulating Bitcoin as part of its corporate strategy since 2020. MicroStrategy’s latest billion-dollar purchase was conducted at an average price of $60,408 per Bitcoin.According to Saylor, the company has achieved a 17% Bitcoin yield year-to-date, capitalizing on BTC’s appreciation as it continues borrowing fiat at low interest rates to expand its holdings.At current prices, MicroStrategy’s Bitcoin trove is worth over $15 billion, greatly benefiting shareholders.…
[ad_1] In the world of cryptocurrencies, meme coins like Dogecoin (DOGE) and Mpeppe (MPEPE) have taken center stage as investors seek high-reward opportunities. With their strong communities, unique market positioning, and potential for significant returns, both Dogecoin (DOGE) and Mpeppe (MPEPE) have become favorites for those looking to make millions in the fast-paced world of crypto. A Major Advantage for Investors Cryptocurrency transactions, such as those made using Dogecoin (DOGE) and Mpeppe (MPEPE), offer a level of security and privacy that is unmatched by traditional payment systems. Enhanced security ensures that users are shielded from data breaches and unauthorized access,…
[ad_1] On-chain data shows that Tron long-term holders have increased by 237% in the past year, suggesting a rise in HODLing convictions on the network. Tron HODLers Have Seen Their Count Go Up Recently In a new post on X, the market intelligence platform IntoTheBlock shared an update about how the different segments of the Tron userbase are looking right now regarding the number of addresses they contain. The cohorts in question have been divided based on holding time, and there are three main cohorts: Traders, cruisers, and HODLers. First, the Traders include the investors or addresses who acquired their…
[ad_1] A widely followed crypto analyst believes one Solana (SOL) competitor may have more upside potential. Crypto trader Michaël van de Poppe tells his 724,900 followers on the social media platform X that layer-one blockchain Sei (SEI) may soar more than 46% from the current value by next month. “Altcoins are doing relatively well. SEI continues to find momentum, and I’d like to see it rally to $0.34 (preferably even above the previous high, but not expecting that yet), make a HL (higher low) and continue that rally to $0.44 in October.” Source: Michaël van de Poppe/X SEI is trading…
[ad_1] Este artículo también está disponible en español. Shiba Inu (SHIB) has been at the forefront of the crypto market once again, thanks to a dramatic surge in its burn rate. Over the last 24 hours, Shiba Inu’s burn rate has soared by more than 242%, resulting in nearly 3 million SHIB tokens being burned. This reduction in circulating supply has sparked optimism among SHIB investors, who believe the token could be gearing up for a price rally. When a cryptocurrency’s supply diminishes while demand remains constant or increases, basic economic principles suggest that prices could rise. The massive token…
[ad_1] The difficulty in mining Bitcoin has surged to a new record level, hence squeezing profit margins. Reaching 92.67 trillion, the difficulty index exceeded the previous record peak of 90.67 trillion set in July this year. This 3.6% rise represents the increased competitiveness resulting from record-breaking hashrate values. It emphasizes how resilient and secure the network is becoming since mining Bitcoin calls for more computational capability. Source: CoinWarz Miners Liquidating Their Bitcoin Holdings Interestingly, since September 8, miners have sold almost 30,000 Bitcoin, worth around $1.71 billion. This significant sell-off points to possible problems with liquidity or worries about future…
[ad_1] Este artículo también está disponible en español. Earlier in August, the XRP community got some positive news when the court ruled that Ripple Labs should pay a $125 million fine to the United States Securities and Exchange Commission (SEC) for selling unregistered securities. However, the regulator has been unhappy with this decision, leading to an appeal of the court’s decision. Naturally, the appeal has pushed back the finish line for the 4-year battle, but the end could still be very bullish for the XRP price. The XRP Crash Before The Surge While the SEC and Ripple continue to battle…
[ad_1] MoonPay has been registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia. This registration may allow the company to establish local payment processing relationships across the country. As a result, Australian users of MoonPay could have access to alternative payment methods, including Osko and PayID.Meeting AML/CTF RequirementsAustralia continues to see growth in crypto asset adoption. A recent report indicated that one in five Australians has either currently or previously held crypto assets. In June, Australia launched its first Bitcoin ETF.As a registered company, MoonPay will need to comply with the…
[ad_1] HTX, one of the largest Bitcoin and crypto exchanges globally, announced it will be integrating the Bitcoin Lightning Network in partnership with Bitcoin firm IBEX. With over 45 million registered users, HTX is a leading Bitcoin and crypto platform in Asia and worldwide based on trading volume and Bitcoin custody. The exchange now plans to incorporate Lightning Network capabilities into its ecosystem.Lightning Network is a second-layer payments protocol built on top of Bitcoin. It enables near-instant transactions with significantly lower fees. Exchanges have long sought to implement Lightning to boost speed and affordability.”Through this strategic partnership, HTX and IBEX will…