[ad_1] Solana started a fresh decline below $155 and $150. SOL price tested $140 and is currently struggling to start a recovery wave. SOL price started a fresh downward move below $150 against the US Dollar. The price is now trading below $148 and the 100-hourly simple moving average. There is a short-term declining channel forming with resistance at $145.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a recovery wave if it clears the $148 resistance zone. Solana Price Revisits $140 Solana price started a fresh decline from well above $155…
Author: dfrancis36
[ad_1] Bitcoin has recently seen a notable decline, dropping from a price above $64,000 on Monday to as low as $58,000 yesterday, marking a 10% decrease over two days. This sharp downturn appears to have initiated concern among the crypto community, prompting various interpretations of the market’s behavior. A recent report by CryptoQuant, an on-chain data provider platform, has illuminated the five key factors that might have contributed to this decline. Short-Term Holders And Market Fragility CryptoQuant’s analysis highlights five critical charts illustrating the market conditions before and during the recent price drop. One of the primary factors identified by…
[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] Crypto exchange Binance has been in the spotlight after online reports claimed the platform had mass frozen the crypto assets of all Palestinian wallets. The news raised concerns among users and the crypto community, who criticized the alleged move. Amid the backlash, the exchange’s CEO, Richard Teng, has denied the allegations, claiming the story is not factual. Binance Accused Of Mass Freezing Palestinian Funds Earlier this week, online reports alleged that Binance, the largest exchange by trading volume, had mass-frozen the assets of its Palestinian users. The report, made by Noones CEO and Paxful co-founder Ray Youssef, stated that…
[ad_1] Despite adverse market conditions, dogs (DOGS) saw a significant price jump in the last 24 hours. The token, launched on The Open Network (TON), saw a 34% surge amid the market volatility and the blockchain’s recent outage. Its performance propelled the price to a market cap above $800 million, fueling a bullish sentiment among investors. Related Reading TON-Based Memecoin Takes The Market By Storm DOGS is a TON-based memecoin centered around a dog mascot, “Spotty,” created by Telegram’s founder, Pavel Durov. The project recently announced a massive airdrop and listing on major crypto exchanges, including Binance, OKX, and Bybit.…
[ad_1] Japan’s minister of economy, trade and industry, Takeru Saito, said on August 28, 2024, that it aims to propel its Web3 ecosystem through startup-friendly tax reforms. Startup-Centric Tax Reforms Key To Web3 Industry Growth To spur its Web3 industry, Japan may soon implement startup-centric tax reforms to make it easier for businesses in this sector to grow. Speaking at the WebX Conference, Saito emphasized the enormous potential of Japanese Web3 and blockchain enterprises. The minister underscored the importance of positive tax reforms to create an ecosystem that would attract businesses and developers worldwide to Japan. Japanese Prime Minister Fumio Kishida…
[ad_1] Bitcoin price started a consolidation phase near the $58,500 level. BTC must clear the $60,500 resistance to start a recovery wave in the near term. Bitcoin tested the $58,000 zone before there was a minor recovery. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $60,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might slip again if there is no move above the $60,500 resistance. Bitcoin Price Starts Consolidation Bitcoin price gained bearish momentum below the $62,500…
[ad_1] The Bitcoin price had struggled to regain its bullish momentum after a sharp decline earlier this month, when it plunged to $49,000. On Wednesday, the largest cryptocurrency by market capitalization reached a trading price of $58,700, but concerns about another potential crash, reminiscent of the drop on August 5, continue to loom over investors. Bitcoin Price Poised For 60% Gain? In this context, market expert Timothy Peterson has highlighted a compelling indicator that may provide insight into the Bitcoin price trajectory over the next three months. In a recent social media post, Peterson pointed out the surprising predictive power…
[ad_1] Bitcoin, the world’s leading cryptocurrency, has experienced a noticeable decline in its price over the past two days, dropping from a high of $63,000 to as low as $57,000. This decrease can be considered as unexpected as it surprised many. So far, crypto analysts are reassessing their outlook on Bitcoin. Despite no hope of a bullish catalyst in sight, some analysts believe this ongoing plunge could be a temporary setback in a larger bullish trend. Bitcoin Decline Suggests A Setup For Massive Rally? Renowned crypto analyst Javon Marks recently shared his updated perspective on Bitcoin, suggesting that the recent dip may be…
[ad_1] Bitcoin is steady at press time but is under immense selling pressure after the liquidation of August 27. Technically, there is a tinge of weakness. However, this preview will shift when BTC bulls push prices above the immediate resistance at $66,000. This reaction point marks August 23 highs, and a subsequent leg up will confirm the uptick of August 8. Binance Traders Are Net Bearish Before then, traders were cautiously optimistic, acknowledging Bitcoin’s fragile nature and historical volatility. Despite prices stabilizing at spot rates, one analyst on X notes that traders on Binance, the largest exchange by client count,…