[ad_1] Recent price movements in the cryptocurrency market have seen Ethereum experience a significant downturn, with the altcoin finally sustaining a break below the critical $3,000 support level. Ethereum has suffered a notable 4.76% decline over the past 24 hours, bringing its current trading price to just above $2,900. Related Reading While retail traders are still scrambling for their next move, on-chain data shows an interesting accumulation pattern of ETH by a particular whale entity. This whale, whose strategic moves have historically demonstrated an impressive 100% investment win rate, has been steadily increasing their holdings of ETH for the past…
Author: dfrancis36
[ad_1] Crypto exchange Coinbase has added trading support for Stader (SD), a noncustodial, multi-chain liquid staking platform. In an announcement, Coinbase says that SD is now available on Coinbase.com and the Coinbase iOS and Android apps. Coinbase placed SD on its listing “roadmap” last month, which signals the possibility of future listings for digital assets – triggering significant rallies for the token. Stader originally aimed to provide liquid staking solutions on the Terra blockchain but expanded to other chains following the 2022 collapse of the Terra ecosystem. Recently, the Stader community voted to reduce the supply of SD from 150…
[ad_1] Crypto whales are positioning themselves for the next market expansion in altcoins, according to the CEO of CryptoQuant. Ki Young Ju tells his 358,000 followers on the social media platform X that whales are now setting up limit orders for altcoins on centralized exchanges (CEXes). Ju explains whales, institutions, and other large entities prefer using limit orders – as opposed to market orders – to avoid slippage and to get the best possible price. A limit order is used to buy an asset at a pre-determined price. It will not push through until the asset reaches the desired level.…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Crypto analyst CrediBULL Crypto provided a market analysis on Pepe (PEPE), Ethereum (ETH), and XRP. Based on his analysis, PEPE could hit a new high soon enough, seeing how it has ranged since hitting a new all-time high (ATH) in May. A Price Rally For PEPE On The Horizon CrediBULL Crypto mentioned in an X (formerly Twitter) post that PEPE has been holding up quite well despite the downtrend in the broader crypto market. As such, he added that he won’t be surprised if the meme coin witnesses another leg up to take some untapped liquidity before it moves…
[ad_1] A closely followed crypto analyst says the next Bitcoin breakout could create enough momentum for sidelined traders to finally jump into BTC. Pseudonymous analyst The Crypto Dog tells his 804,500 followers on the social media platform X that he’s looking at $65,000 as the level where momentum fully swings back to the side of BTC bulls. “Break >$65,000 should trigger serious FOMO (fear of missing out). The strength vs. alts may be what’s needed to push $70,000+.” According to the analyst, the current Bitcoin correction appears to be “one big shakeout” designed to force traders to unload their coins…
[ad_1] With the hostile market environment, Stacks (STX) has continued its downward spiral as bears mount the pressure. According to CoinGecko, the token is down nearly 23% since last week, worsened by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies like Bitcoin and Ethereum have shown a drop of 10% since last week, pulling the market downward by 2%. However, several developments might help slow the token’s drive downward. These developments show Stacks as the prime layer-2 for the top cryptocurrency in the market. Stacks: Big News For Investors And BTC Enthusiasts…
[ad_1] In a surprising twist, the Islamic State (IS) group is now advocating for cryptocurrency use to support its terrorist operations as long as it follows the tenets of the Sharia law, a new report has disclosed. Compiled by the UN’s Analytical Support and Sanctions Monitoring Team, the research shows that IS associates are demanding Sharia compliance checks for the digital assets they depend on progressively to support their activities. This is a major change as Sharia law has always been opposed to cryptocurrency. The UN report further emphasizes the thorough guidelines IS offers to its associates on crypto transfers.…
[ad_1] The price of XRP has recently experienced significant bearish momentum, leading to the breakthrough of a crucial support level at $0.5724. As the cryptocurrency surpasses the key support mark, it signals a significant shift in market sentiment, increasing fears of a continued downtrend. This breach suggests that the selling pressure is intensifying and could lead to a potential price deceleration toward the next critical support level at $05291. This article delves into XRP’s current price action, the implications of breaking the $0.55724 support, and what to expect in the coming days. At the time of writing, XRP’s price was…
[ad_1] The cryptocurrency market has experienced a significant downturn over the past 24 hours, with assets such as Shiba Inu showing losses. A comprehensive review of CoinMarketCap reveals that the top 30 cryptocurrencies by market capitalization have recorded declines in both the past 24-hour and seven-day periods. As such, Shiba Inu hasn’t been left out, with the crypto also in losses. At the time of writing, SHIB is trading at $0.00001464, down by 14.75% in seven days. DOGE, its meme coin counterpart, is also down by 16.12%. SHIB holders are feeling the heat more, with on-chain data showing interesting profitability…