[ad_1] Crypto analyst CryptoCon has highlighted a technical indicator that has always accurately predicted each local high for Bitcoin in this bull run. Once again, this indicator has revealed the next local high for Bitcoin and when it will happen. When Bitcoin Will Reach A Local High Of $109,000 CryptoCon predicted in an X (formerly Twitter) post that the Bitcoin Fibonacci extension is set to push the flagship crypto over $100,000 as it rises to $109,236, a move which the analyst added could happen by year-end. He suggested that Bitcoin reaching $109,000 by December 2024 will only likely happen if…
Author: dfrancis36
[ad_1] After Bitcoin‘s recent price recovery from a major downswing last week triggered by a broader market decline, investors and traders have been speculating on the crypto asset’s performance in the short and long term. However, cryptocurrency analyst and trader, Mags, delving into the current price rebound has disclosed that BTC’s price in the long term still looks promising, demonstrating his confidence in the coin’s potential for further gains. Long-Term Outlook For Bitcoin Still Holds Strong The crypto analyst Mags, offered his perspective on the crypto asset’s prospect to the community on the X (formerly Twitter) platform, which is considered…
[ad_1] Ethereum price started a downside correction from the $2,700 zone. ETH is now consolidating and struggling to stay above the $2,500 support. Ethereum started a downside correction below the $2,650 and $2,620 levels. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise again if it stays above the $2,550 support zone. Ethereum Price Trims Gains And Revisit $2,550 Ethereum price struggled to extend gains above the $2,700 resistance…
[ad_1] Although the market dipped today, Solana has found its way to spark investor interest despite falling a few points in the past 24 hours. However, the token is still up nearly 22% in the past month, going against the market’s general bearishness after last week’s slip and slide. Related Reading Solana’s significant traction around the world has garnered some attention in the institutional space, leading to a development that might help SOL weather the bearish storm ahead. But with the coming announcements of several macro indicators, there might be trouble in the coming weeks. Brazil Approves Solana ETF, Coming…
[ad_1] Venezuela-based traders say they have faced sudden restrictions in accessing Binance web pages. This comes amid widespread internet suppression in the country in which several online platforms, including X (formerly Twitter) and PayPal, are experiencing the same issues. In an official statement out of X, Binance’s division in Latin America confirmed the news about the blockade but said it is doing everything possible to resolve the situation as fast as possible. Estimados Binancians, Al igual que varios sitios web de empresas de diferentes segmentos en Venezuela, incluidas las redes sociales, las páginas de Binance han estado enfrentando restricciones de…
[ad_1] Over the past seven days, Sui (SUI) has emerged as the standout performer in the crypto market, recording an massive 78% increase in its price. This surge positions SUI as the leader among the top 100 cryptocurrencies by market capitalization, significantly outperforming its peers, Helium (HNT) with a 60% increase and Bittensor (TAO) at 50%. Why Is SUI Up Over The Past Week? Andrew Kang, the founder of Mechanism Capital, provided insights into the SUI’s recent success in a series of posts on X. Kang suggested that the bullish trend could be attributed to several factors including a notable…
[ad_1] The publicly-listed cryptocurrency mining company from Wall Street (NASDAQ: ARBK) and the City (LSE: ARB) Argo Blockchain plc announced today (Monday), that it has fully repaid its $35 million loan from Galaxy Digital Holdings. This clears the debt four months ahead of the current schedule and nearly 18 months before the original repayment deadline.Argo Blockchain Clears $35 Million Galaxy Loan Ahead of ScheduleThe crypto mining firm began repaying the loan in May 2023, with the balance reduced to approximately $5.7 million as of June 30, 2024. Argo repaid $11.5 million in principal during 2023, with the remaining $23.5 million…
[ad_1] On Polymarket, a leading decentralized crypto prediction market platform utilizing blockchain technology, there has been a significant shift in the odds concerning the upcoming US presidential election. Data now indicates that 52% of market participants back Kamala Harris as the likely winner, compared to 45% for Donald Trump, marking a stark reversal from earlier trends that strongly favored Trump. When Harris just announced her candidacy, the odds were only 33%. What’s Happening On Crypto Platform Polymarket? Nick Tomaino, the founder of 1confirmation, a venture fund focused on the crypto ecosystem, laid out an analytical perspective on these shifts. On…
[ad_1] Fantom (FTM) might be up for a huge price breakout shortly after an analyst – Javon Marks – made public his prognosis of the altcoin. Related Reading Posting in X, Marks attributed this to the formation of a Hidden Bullish Divergence in the FTM chart. According to the analyst, this has the potential to cause a significant rebound in the token, including a 234% upside. At the time of writing, FTM was trading at $0.3278, down 6.7% in the last 24 hours, but sustained a 12.7% rally in the last week, data from Coingecko show. Early Stages Of An…
[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…