[ad_1] In a breakdown of Bitcoin’s current market dynamics, prominent crypto analyst Dan Gambardello, in his latest video titled “Bitcoin Must Do This Now,” addressed his 368,000 followers on YouTube regarding the critical resistance levels Bitcoin is currently testing. Gambardello emphasized the importance of these levels for both short-term price movements and broader market indicators. Why Bitcoin Must Turn Bullish Now Gambardello’s analysis begins with an emphasis on the significance of the short-term holder cost basis, which currently stands at $63,600. He highlighted this metric as a pivotal momentum indicator, underscoring its role in determining the immediate bearish or bullish…
Author: dfrancis36
[ad_1] Hedera (HBAR) emerged as a standout performer in the second quarter (Q2) of the year, reversing the downward trend faced by many projects. The latest report from research firm Messari highlights Hedera’s progress across key financial indicators. Hedera Q2 Momentum One of the pivotal highlights of Hedera’s Q2 was the advancement in crucial financial metrics. Despite a 29% quarter-over-quarter (QoQ) dip in circulating market cap to $2.7 billion, HBAR managed to climb six spots from 36 to 30 among all tokens, surpassing similarly priced cryptocurrencies. HBAR’s market cap fluctuation in the year-to-date time frame. Source: Messari Per the report,…
[ad_1] Deep-pocket cryptocurrency companies are racking up sports deals, with Polkadot being the latest to become a sponsor of Club Internacional de Fútbol Miami, better known as Inter Miami. The Polkadot brand will first feature on Inter Miami’s assets starting from Saturday’s match.Another Big-Ticket Sports SponsorshipUnder the agreement, the blockchain company has gained the status of the football club’s Global Training Partner. The club’s training tops will feature the Polkadot logo front and centre.Chrissy Hill, CLO & interim COO of Parity Technologies; Source: X“Knowing this team of global soccer superstars will soon wear the brand we love and support on…
[ad_1] In a recent interview with TIME, Nayib Bukele, El Salvador’s pro-Bitcoin president, assessed the impact of his plan to position the country as a hub for the largest cryptocurrency on the market. While he acknowledged that adoption has not met expectations, he emphasized that the overall results have been “net positive.” Bitcoin In El Salvador “Yes and no, a lot more could definitely be done,” Bukele said in response to the interviewer’s question about whether Bitcoin adoption in the country has been a success. Bukele noted that while many Salvadorans and “most large businesses” accept Bitcoin—allowing transactions at places…
[ad_1] Three major crypto exchanges teased the launch of new Solana-based products. The trading platforms shared mysterious hints on their official X accounts, suggesting their entry to Solana’s Liquid Staking ecosystem. The news received a positive reaction from the crypto community, seemingly fueling a bullish sentiment among SOL investors. Related Reading Exchanges Hint At New Solana-Based Products On Thursday, crypto exchanges Binance, Bybit, and Bidget created a buzz among crypto investors after hinting at the launch of new Solana-based products. Binance, the largest crypto exchange by trading volume, was the first to announce the mysterious partnership with two X posts…
[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] On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on the Bitcoin network right now. The difficulty goes through periodic adjustments about every two weeks, which are entirely controlled by code and thus, are completely automatic. When the network makes a positive difficulty adjustment, it means miners would find it harder to mine on…
[ad_1] Bitcoin price remained stable above the $58,500 support zone. BTC is struggling and could only start a steady increase if it clears $61,500. Bitcoin is struggling to rise above the $60,200 and $61,500 resistance levels. The price is trading below $61,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $58,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it fails to stay above the $58,500 support. Bitcoin Price Stuck In A Range Bitcoin price remained stable above the $58,000…
[ad_1] According to a report by Immunefi, crypto hackers have stolen over $1.2 billion in digital assets from January to August 2024, marking a 15.5% increase compared to the same period in 2023. Seesawing Trend In 2024 For Crypto Hacks As the crypto industry matures, malicious actors within the ecosystem are becoming increasingly sophisticated in swindling user funds. The latest report by Immunefi reveals that more than $1.2 billion worth of digital assets were lost to hacks and rug pulls in 2024 year-to-date (YTD) across 154 specific incidents. Compared to January to August 2023, when the total value of funds…
[ad_1] Bitcoin has recently shown signs of recovery, reclaiming the $61,000 level after a brief but sharp decline earlier this week. This bounce back in price has sparked renewed interest among the crypto community, with many closely watching for the next key moves in the market. Particularly, this latest price action has led to various analyses, focusing on whether the asset can maintain its momentum and break through critical resistance levels that have previously hindered its progress. Related Reading The Path Forward: Key Levels To Watch One prominent voice in the crypto community, Captain Faibik, shared his insights earlier today,…