[ad_1] A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Bitcoin (BTC) while offering his insight into two other digital assets. The analyst pseudonymously known as CredibleCrypto tells his 404,100 followers on the social media platform X that Bitcoin appears “unequivocally bullish” on the high time frames despite the price action on the lower time frames indicating otherwise. According to CredibleCrypto, Bitcoin is currently in a re-accumulation phase and its rise to a price of over $100,000 “will come rapidly.” Bitcoin is trading at $64,110 at time of writing. Turning to Ethereum (ETH), the widely followed analyst…
Author: dfrancis36
[ad_1] Recently, the crypto community saw the surge of a new memecoin frenzy with celebrity-endorsed cryptocurrencies. The Solana-based tokens registered massive gains but became pump-and-dump scams in most cases. Nearly two months later, most of these tokens’ prices decreased significantly from their all-time high days. However, the MOTHER community, one of the best-performing celebrity memecoins, defended their crypto champion against the criticism. Related Reading The Rise Of Solana-Based Celebrity Memecoins In late May, Olympian and reality TV star Caitlyn Jenner launched her Solana-based JENNER token. The news surprised the crypto community, which initially suspected the gold medalist had been hacked.…
[ad_1] MicroBT, a leading innovator in the Bitcoin mining industry, unveiled its latest WhatsMiner M6XS+ series during the Bitcoin 2024 conference in Nashville, TN. The new series, featuring air-cooling, hydro-cooling, and immersion-cooling models, represents a leap forward in renewable mining technology.Dr. Zuoxing Yang, founder and CEO of MicroBT, highlighted these advancements in his keynote address, emphasizing the company’s commitment to sustainable and efficient mining practices. Renewable mining, according to Dr. Yang, is the future of the industry, with solar mining poised to be at the forefront. He predicted that by 2026, the electricity cost for solar power mining could drop…
[ad_1] On-chain data shows Bitcoin is retesting a historically significant support level after the latest plunge in the asset’s price has gone through. Bitcoin Is Currently Retesting The Short-Term Holder Realized Price As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has returned to the Realized Price of the short-term holders with its drawdown. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the acquisition price or cost basis of the average investor in the Bitcoin sector. When the value of this metric is greater than the cryptocurrency’s spot…
[ad_1] The Dogecoin (DOGE) outlook is currently bullish, as technical indicators suggest that a golden cross is set to appear on the meme coin’s chart. Based on history, such development could mark the beginning of a massive rally for DOGE. Dogecoin On The Verge Of A Golden Cross Crypto analyst Kevin (formerly OG Yomi) mentioned in an X (formerly Twitter) post that Dogecoin is two to three green weeks away from seeing its first weekly golden cross in four years. The analyst added that DOGE enjoyed a 6-month price rally and price gain of 18,000% the last time the meme…
[ad_1] XRP price is holding gains above the $0.5920 zone. The price could gain bullish momentum if it clears the $0.6120 resistance level. XRP price is consolidating gains below the $0.6120 resistance zone. The price is now trading near $0.6050 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $0.6120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.5920 support zone. XRP Price Eyes Fresh Increase XRP price remained stable above the $0.580 support zone. It traded as…
[ad_1] Bitcoin price found support near the $63,500 zone. BTC is now rising and showing positive signs above the $65,500 resistance zone. Bitcoin formed a base and started a fresh increase above the $65,000 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate higher toward the $67,500 and $68,000 levels in the short term. Bitcoin Price Regains Strength, Jumps 4% Bitcoin price extended losses…
[ad_1] The Financial Conduct Authority (FCA) has slapped the UK subsidiary of Coinbase – CB Payments Limited – with a $4.5 million penalty for breaking a voluntary agreement meant to stop high-risk customers from being onboarded. The FCA brought to light serious problems with the control systems at CBPL. Coinbase Crossed The Line CBPL signed a voluntary agreement with the FCA in October 2020 to limit the onboarding of fresh clients judged “high-risk” by the regulator. This agreement was intended to reduce possible criminal activity on the CBPL platform, therefore preserving market integrity and reducing money laundering concerns. Notwithstanding these…
[ad_1] A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency, is on track to reach an unprecedented $263,000. However, he also emphasized that this bullish surge to new all-time highs is contingent on Bitcoin meeting specific market conditions. Bitcoin Set For Massive Rally To $263,000 In an X (formerly Twitter) post on July 23, a crypto analyst identified as ‘Trader Tardigrade’ revealed that Bitcoin’s current price chart was forming a key technical pattern known as the “Cup with Handle chart pattern.” Notably, the Cup with Handle pattern is a unique technical indicator where the price movement of…
[ad_1] Lately, the discussions regarding Bitcoin as a reliable strategic reserve asset have garnered significant interest within the entire cryptocurrency industry due to its potential to serve as a hedge against inflation and economic stability. Even though most people see this as a notable idea, some believe BTC is an unreliable choice for a federal reserve asset. Bitcoin Latter Is An Input Into Real-World Goods And Services As the topic heats up, Todd Phillips, a popular banking and administrative lawyer, has voiced his strong criticism toward Bitcoin’s potential as a reserve asset. The lawyer’s objections come in light of United…