[ad_1] A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value. Bitcoin Downtrend Is Over A crypto analyst identified as ‘Rekt Capital’ on X (formerly Twitter) has announced to his 484,500 followers that Bitcoin’s prolonged downward trend was officially over. The analyst, who has been monitoring the cryptocurrency’s market and price actions, has suggested that Bitcoin may be getting ready for a robust recovery. Related Reading Rekt Capital has also disclosed…
Author: dfrancis36
[ad_1] Tyler and Cameron Winklevoss, the founders of crypto exchange Gemini, have publicly declared significant financial support for John Deaton, a lawyer known for his involvement in the XRP community. On the evening of 18 July, Tyler Winklevoss announced via X that he had donated $500,000 in Bitcoin (equivalent to 8 BTC) to Deaton’s senatorial campaign to unseat Senator Elizabeth Warren. His twin brother Cameron Winklevoss doubled this donation, bringing the total to $1 million (16 BTC). Why The Winklevoss Twins Support The Pro-XRP Lawyer Tyler Winklevoss explained via X the decision to support Deaton against Warren, who he called…
[ad_1] Former U.S. President Donald Trump has become a vocal supporter of Bitcoin, a stark reversal from his previous scepticism of Bitcoin and crypto.In a recent interview with Bloomberg Businessweek, Trump asserted that Bitcoin is “not going away” and wants the U.S. to lead in Bitcoin and crypto innovation before China or any other country.NEW 🇺🇸 President Donald Trump says the US must embrace #Bitcoin and crypto to compete on world stage.“China is into it. It’s not going away.” 🔥 pic.twitter.com/nnlmpavJC5— Bitcoin Magazine (@BitcoinMagazine) July 18, 2024 This embrace of Bitcoin represents a major shift for Trump. His turnaround comes…
[ad_1] As Santiment analytics disclose an accelerating decline in wallets holding one or more Bitcoin, the cryptocurrency industry has gone abuzz. Crucial for gauging mood in the market, this indicator has been progressively dropping as traders become less optimistic that Bitcoin may rise beyond its historic high of $73,750, which it last touched on March 14. The general feeling in the market is that people don’t think Bitcoin will reach a new all-time high this year. Related Reading Largely due to “fear, uncertainty, and doubt” (FUD), smaller investors of the asset tend to sell off their holdings, a pattern that…
[ad_1] Here’s what the data related to the Ethereum futures market suggests regarding whether the sentiment around ETH is looking bearish or bullish. Ethereum Taker Buy Sell Ratio Has Observed A Strong Surge Recently In a new CryptoQuant Quicktake post, an analyst has talked about the outlook of Ethereum based on futures market data. The focus indicator here is the “Taker Buy Sell Ratio,” which keeps track of the ETH taker buy and taker sell volumes on the derivatives platforms. When the value of this metric is greater than 1, it means the taker’s buy or long volume outweighs the…
[ad_1] A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a top-20 altcoin by market cap while updating his outlook on the memecoin dogwifhat (WIF). The analyst pseudonymously known as Bluntz tells his 265,200 followers on the social media platform X that the utility token of the layer-1 blockchain NEAR Protocol (NEAR) is poised to go “much much higher.” According to Bluntz, NEAR has broken out of the upper boundary of an ascending channel, a pattern that is typically considered bullish, on the four-hour chart. “Slow grinding up channel breakouts are among my favorite setups to trade.…
[ad_1] The Solana price has surged over 33% in the past two weeks, and according to crypto analyst Ali Martinez (@ali_charts), this could be the precursor to a much larger rally. In the weekly chart (SOL/USD), the Solana price exhibits a major bullish pattern, suggesting a potential surge beyond the $1,400 mark. Is $1,400 Next For Solana? Martinez highlighted a “bull flag” formation, a classic continuation pattern in technical analysis that could signify a significant upward movement in Solana’s value in the upcoming months. “The bull flag nobody is talking about!” Martinez commented. Solana bull flag pattern | Source: X…
[ad_1] OKX, a prominent global cryptocurrency exchange, has decided to discontinue services in Nigeria. This move comes amidst a backdrop of increasing regulatory scrutiny in the country. Starting from August 16, 2024, Nigerian users will no longer be able to initiate new trades or access other services provided by OKX. This decision marks a significant shift in the crypto space within Nigeria, where digital currencies have been a booming sector despite regulatory challenges. Immediate Steps for OKX Users On July 17, 2024, at approximately 02:30 PM Nigeria time, OKX emailed this pivotal change to its Nigerian customers. OKX message sent…
[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…
[ad_1] On-chain data shows the stablecoin market cap has returned to positive growth recently, which can be bullish for Bitcoin. Stablecoin Market Cap Has Finally Flipped On 30-Day Change As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the stablecoin market cap has set a new all-time high (ATH) following the renewal of the uptrend. Below is the chart shared by Young Ju that shows the trend in the 30-day percentage change for the market cap of the biggest stablecoin in the sector, Tether (USDT), over the past year: Looks like the value…