[ad_1] In recent times, Hong Kong has been continuously making it to the headlines in the crypto space for several reasons. One of the reasons as of today is that Futu Securities International, the largest online broker in Hong Kong introduced retail cryptocurrency–Bitcoin and Ethereum–trading to its platform. According to the latest report from South China Morning Post, as of August 1 onwards, residents in Hong Kong can now engage in trading Bitcoin and Ethereum, the top two cryptocurrencies globally, directly through Futu’s platform. This new service, as reported allows transactions in both Hong Kong and US dollars. The Backdrop…
Author: dfrancis36
[ad_1] The XRP price has been experiencing notable movements since the last week of July, closely linked to updates about a potential settlement between the SEC and Ripple. This anticipation has significantly influenced XRP’s market performance, causing a remarkable surge in its price as it skyrocketed from $0.599 to $0.655 in just a matter of hours. Although the price has since corrected, this rapid increase has once again highlighted XRP’s potential and its ability to draw substantial investor interest. According to a crypto analyst, XRP is just waiting to break out of a symmetrical triangle in which it has consolidated…
[ad_1] Positive sentiments around XRP have increased lately due to its recent upward bullish momentum, garnering several audacious predictions from cryptocurrency analysts about the digital asset’s next trajectory on the upside. However, market expert and enthusiast, Crypto Michael, has brushed off the idea that XRP would rise 300 times its current price level, noting that such predictions are unlikely to occur. 300x Price Growth Is Byond Delusional For XRP Market expert Crypto Michael shared his opinions on such bold predictions on the X (formerly Twitter) platform, which has triggered quite a frenzy within the XRP community. Michael’s criticism suggests that even…
[ad_1] Regulated spot Bitcoin ETFs (exchange-traded funds) in the United States have seen a resurgence in inflows following significant selling pressure over the past two months that sent the largest cryptocurrency on the market to a 6-month low of $53,500 on July 5. Bitcoin ETFs And Institutions Now Control 9% Of Total Supply Data from analytics providers SoSo Value and Ecoinmetrics show that Bitcoin ETFs have been consistently accumulating BTC in their holdings, despite a brief dip in inflows at the start of June. However, since July 1st, inflows have resumed at an accelerated pace, surpassing the averages recorded over…
[ad_1] A crypto analyst has unveiled a new price target for Shiba Inu (SHIB) price, the second-largest meme coin by market cap. While highlighting Shiba Inu’s immense growth potential, the analyst placed a significant condition on his ambitious price forecast, stating that if Bitcoin reaches $3 million per coin, SHIB could rise to a multi-trillion dollar market cap. Ambitious Price Target Set For Shiba Inu In an X (formerly Twitter) video post on July 29, crypto analyst, Oscar Ramos shared his bullish expectations for Shiba Inu to his 54,000 followers. Shedding light on Shiba Inu’s robust community and strong market…
[ad_1] A closely followed crypto analyst believes that one Ethereum (ETH) competitor is gearing up for a massive breakout. Jamie Coutts, the chief crypto analyst at Real Vision, says that Solana (SOL) is printing a bullish pattern against Bitcoin (BTC) based on the simple moving average (SMA) crossover on the daily chart. “Solana’s relative strength is quite something. After consolidating against king Bitcoin, it looks like a breakout is on the horizon.” Source: Jamie Coutts/X The analyst shares a chart that suggests the SOL/BTC pair is entering an uptrend after the shorter-term SMA crossed the longer-term SMA, which has signaled…
[ad_1] Bitcoin bulls have had a torrid week. Looking at the price action in the daily chart, not only is the coin down roughly 7% after breaching $70,000 early this week, but cracks are beginning to form. Overall, optimistic traders maintain that the uptrend remains, considering the sharp expansion between July 14 and 21. However, since then, prices have been choppy and mostly moving lower, signaling the possible presence of bears. More Pain For Bitcoin Holders? In light of this volatile price action, one analyst is cautious of what lies ahead, even predicting that Bitcoin might, after all, continue dropping…
[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] The month of July has been one of intense competition, with top coins such as Bitcoin, Ethereum, XRP, and Dogecoin battling for dominance. Amid the scuffle, an unlikely victor has emerged, as the XRP price managed to outperform its beloved counterparts to become the performer out of the top 10 largest cryptocurrencies by market cap. XRP Monthly Returns Trumps Bitcoin, Ethereum, And Dogecoin According to data from CryptoRank, in the month of July, the XRP price went from struggling to hold $0.4 to retesting $0.65. This surge in price took the market by surprise given that the altcoin’s price…
[ad_1] On-chain data shows a particular Bitcoin whale who accumulated almost $400 million between July 30 and 31. This whale is believed to have purchased the flagship crypto, having seen an opportunity to profit massively thanks to Bitcoin’s recent price action. Bitcoin Whale Purchases Almost $400 Million Worth Of BTC On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that a Bitcoin whale (12QVs…oN2qo) has withdrawn 5,800 BTC ($387.88 million) from Binance in the past two days. This purchase suggests the whale anticipates higher prices from the flagship crypto soon enough and is looking to profit from such…