[ad_1] Crypto exchange Gemini has released its 2024 global crypto report, offering valuable insights into current investor attitudes and ownership trends in the digital asset space, given the newly introduced Ethereum and Bitcoin ETFs. Spot Ethereum & Bitcoin ETFs Drive Billions In Institutional Inflows The report, released Tuesday, shows that after a tumultuous two years, the cryptocurrency market experienced a significant rally in 2024, with long-term holders demonstrating their willingness to accumulate digital assets despite certain challenges following the approval of Ethereum and Bitcoin ETFs. Notably, Gemini contends that past investors appear ready to re-enter the market as spot Ethereum…
Author: dfrancis36
[ad_1] Bitcoin price started a decent increase above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,000 support zone. The price is trading above $57,200 and the 100 hourly Simple moving average. There was a break above a short-term declining channel with resistance at $56,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it clears the $58,500 and $58,800 resistance levels in the near term. Bitcoin Price Eyes More Upsides Bitcoin price started…
[ad_1] A report from Glassnode has revealed that the Bitcoin transfer volume has been losing momentum recently, a sign that may not be positive for BTC. Bitcoin Transaction Volume & Exchange Volume Are Both Down According to the latest weekly report from Glassnode, the Entity-Adjusted Transfer Volume has declined recently. The “Transfer Volume” is a metric that keeps track of the total amount of Bitcoin volume becoming involved in blockchain transactions. The Entity-Adjusted version of this indicator filters the total volume to represent only the transfers between different entities. An “entity” here refers to a cluster of addresses that Glassnode…
[ad_1] Cardano price started a decent increase above the $0.340 resistance. ADA is now showing positive signs and might rise further toward $0.380. ADA price started a recovery wave from the $0.3220 level. The price is trading above $0.350 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.3430 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move up if it remains stable above the $0.3440 support zone. Cardano Price Starts Steady Increase After forming a base above the $0.330 level,…
[ad_1] XRP price is holding gains above the $0.5250 level. The price is now trading in a tight range and might soon attempt a move above the $0.550 resistance. XRP price is eyeing a clear move above the $0.5420 resistance zone. The price is now trading above $0.5330 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $0.5360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5420 and $0.5450 resistance levels. XRP Price Eyes Upside Break…
[ad_1] India has once again emerged as the global leader in cryptocurrency adoption, according to a recent report by blockchain analytics firm Chainalysis. This marks India’s second consecutive year which topped the charts, demonstrating continuous interest among investors who continue to engage with digital assets despite the country’s regulatory environment and high trading taxes. India’s Expanding Crypto Landscape The Chainalysis report, which evaluates adoption across four specific sub-categories in 151 countries, highlights India’s strong performance in centralized exchanges and decentralized finance (DeFi) assets from June 2023 to July 2024. Despite a tough regulatory stance towards cryptocurrencies since 2018, the report…
[ad_1] Este artículo también está disponible en español. Here’s what on-chain data reveals regarding the profitability of the different segments of the Dogecoin, Shiba Inu, and Pepe investors. Dogecoin, Shiba Inu, & Pepe Compared In Terms Of Investor Profits In a new insight post, the on-chain analytics firm Santiment has discussed how the three biggest memecoins in the sector, DOGE, SHIB, and PEPE, have been doing in terms of different indicators. Among these, one of the metrics that the analytics firm has talked about is the Market Value to Realized Value (MVRV) Ratio Intraday, which tells us about the percentage…
[ad_1] In a move that could lead to a new era of digital asset ownership, the UK government has unveiled a new bill that aims to solidify cryptocurrencies such as Bitcoin (BTC), non-fungible tokens (NFTs), and tokenized assets as personal property. The bill, formally introduced in Parliament on September 11, aims to redefine the legal status of these digital assets and provide greater protection and clarity for investors and the broader crypto market after years of regulatory uncertainty in the European region. Bitcoin And NFTs Protected Under New British Law The Property Bill, as highlighted in the government’s press release,…
[ad_1] Este artículo también está disponible en español. Ethereum price is again rising and trading above $2,320. ETH must clear the $2,400 resistance to gain bullish momentum in the near term. Ethereum is attempting a recovery wave above the $2,320 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Eyes Upside Break Ethereum price remained supported above…
[ad_1] Este artículo también está disponible en español. NEIRO has been one of the biggest gainers in the last seven days, with its price surging by almost 400%, according to data from CoinMarketCap. As to where the dog-themed meme coin might be headed next, crypto analyst The Forex Mindset has offered a bearish outlook, suggesting that its price rally might be over and that a price correction is imminent. NEIRO’s Price Could Drop Below $0.13 The Forex Mindset suggested in a post on TradingView that NEIRO will drop below $0.13. The analyst noted how the volume blocks hint at a…