[ad_1] After enduring a significant downturn at the beginning of the past week, Ethereum (ETH), the second-largest cryptocurrency, has staged a modest recovery, reclaiming the crucial $2,600 level and setting its sights on the $3,000 milestone once again. The August 5 crash, which saw Ethereum’s price plummet to $2,112, marked the year’s largest market slump. However, the digital asset has since bounced back, 8% in the last seven days, hinting at the possibility of a more sustained bullish trend. Massive Ethereum Liquidations Trigger Bullish Signals According to a recent report by market analytics firm CryptoQuant on the ETH’s price action,…
Author: dfrancis36
[ad_1] Data shows the exchange inflows of Tether (USDT) and USD Coin (USDC) have spiked recently. Here’s why this could be relevant for Bitcoin. Stablecoins Are Observing Higher Than Usual Inflows Right Now As explained by CryptoQuant author Axel Adler Jr in a new post on X, the monthly average exchange inflow of the top two stablecoins, USDT and USDC, has gone up recently. The “exchange inflow” here refers to an on-chain indicator that keeps track of the total amount of a given asset being deposited into the wallets associated with centralized exchanges. When the value of this metric is…
[ad_1] Crypto whales have taken advantage of the recent market downturns, loading up their bags as the price of several tokens slipped to lower levels. During the last few retraces, a whale bought over 400 billion PEPE, already registering unrealized profits from its purchase. Some market watchers believe the token is poised to lead the “memeseason” after its recent performance. Related Reading Whale Goes On Buying Spree A week ago, the crypto market saw a significant slump, with most cryptocurrency prices nosediving by over 20%. Bitcoin (BTC) saw its price fall from the $59,000 mark to as low as $49,000…
[ad_1] A United States appeals court has partially overturned a previous dismissal of a class-action lawsuit against Binance.US. The lawsuit accuses the cryptocurrency exchange of unlawfully manipulating the price of the HEX token.A panel of three judges from the Ninth Circuit ruled on August 12 that the plaintiff, Ryan Cox, had presented valid claims against Binance.US and CoinMarketCap. The panel disagreed with a district court’s earlier dismissal, which had found that Cox failed to establish a sufficient connection between specific actions in Arizona and Binance.US.Appeals Court Upholds ClaimsCox initially filed the class-action lawsuit in 2021. He alleged that Binance Capital…
[ad_1] Ethereum price started a steady increase above the $2,550 resistance. ETH is beating Bitcoin and might even clear the $2,750 resistance zone. Ethereum started a fresh increase above the $2,550 and $2,650 levels. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,695 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,750 resistance zone. Ethereum Price Jumps Over 8% Ethereum price remained stable near the $2,520 support zone. ETH formed a base and started…
[ad_1] Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews We had the pleasure to meet and interview bestselling author, trading expert and founder of the Trading Game, Louise Bedford and discuss her upcoming speaker sessions at the Finance Magnates Pacific Summit 2024. With over 30 years of trading experience, Louise shares insights on investing psychology secrets and emphasizes the importance…
[ad_1] On-chain data platform Token Terminal has set the stage for a potential seismic shift in the crypto ecosystem. It predicts that $10 trillion asset management giant and exchange-traded fund (ETF) issuer BlackRock is preparing to unveil its blockchain platform. BlackRock’s Crypto Masterplan Recent research by Token Terminal delves into BlackRock’s strategic entry into the crypto space, outlining the firm’s approach to the emerging digital asset class. According to the platform’s findings, BlackRock has segmented the crypto asset class into three distinct categories: crypto assets, including Bitcoin, stablecoins, and Real World Assets (RWAs), or tokenization, with the launch of its…
[ad_1] Bitcoin, the largest cryptocurrency by market cap appears to have “bottomed out” and is now poised to surge above $150,000, according to prominent crypto analyst Captain Faibik. This insight from the analyst comes as Bitcoin currently sees a sign of rebound, reclaiming the $60,000 mark following its recent plunge below $59,000. A $150,000 Surge On The Horizon In his recent post on X, Captain Faibik disclosed a distinct pattern known as the Descending Broadening Wedge found on the BTC chart. This technical pattern typically indicates bullish potential, suggesting that an upward breakout is highly probable after a period of price…
[ad_1] South Korean authorities have arrested and indicted the CEO of a tech firm and his accomplice for fraud. The two men are suspected of orchestrating a crypto scheme of over 500 billion won that took advantage of elderly people with false promises of massive returns. The scam is estimated to have over 10,000 members and has affected hundreds of victims. Crypto Ponzi Scheme Targets Elderly People Last month, the CEO of tech firm Wacon, Byun Young-oh, and Vice Chairman Yim Mo-Soo were arrested for allegedly orchestrating a crypto scheme worth hundreds of billions of won. The suspects were detained…
[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…