[ad_1] A massive recovery might be on the horizon for Shiba Inu (SHIB), which could send its price back above the crucial level of $0.00002. This is based on the meme coin’s trading volume in the last 24 hours which shows that investors are heavily invested in the crypto token. 2.4 Trillion Shiba Tokens On The Move Data from the market intelligence platform IntoTheBlock shows that 2.4 trillion Shiba Inu tokens were traded in the last 24 hours, hinting at a wave of accumulation from Shiba Inu whales. These whales have been busy these past few days with further data…
Author: dfrancis36
[ad_1] Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is correcting gains from the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline further if there is a close below the $3,350 support. Ethereum Price Retreats From $3,500 Ethereum price started a downside correction from the $3,500 resistance zone. ETH…
[ad_1] Shiba Inu, a dog-themed memecoin is in the spotlight as trillions of SHIB were reportedly stolen in a recent cybersecurity breach with the leading India-based cryptocurrency exchange, WaxirX. Reacting to the incident, Shiba Inu team member and marketing head, Lucie, in a heartfelt message has expressed her condolences to the SHIB holders affected by the hack, which saw millions of funds hijacked. Trillions Of Shiba Inu Stolen In WazirX Hack In recent years, there has been a noticeable increase in the frequency and strength of cryptocurrency hacking, resulting in billions of dollars being taken from cryptocurrency platforms and revealing…
[ad_1] In a shocking turn of events, United States Senator Bob Menendez, a Democrat from New Jersey and a known critic of Bitcoin and cryptocurrencies, has been convicted in a major bribery scandal. Menendez is accused of collecting payments in return for using his influence to support the interests of foreign countries, which has raised crucial worries about high-level governmental corruption. Bitcoin Critic Faces Potential Jail Term For Bribery Crimes Specifically, Bob Menendez, the popular US Senator, was found guilty on 16 counts related to a scheme in which he took bribes for aiding foreign governments, including fiat currencies, gold…
[ad_1] Bitcoin seems on the verge of a massive breakout as it nears a crucial bull market trendline that broke in June last year. From a technical perspective, this development is an important step for Bitcoin to re-enter a price point that has traditionally opened the door to massive gains. Indicator of Market Recovery According to on-chain analytics firm CryptoQuant, the latest swing in Bitcoin price is attempting again to retest Short-Term Holder (STH) Realized Price — which serves as one of the most critical sentiment indicators for understanding market directions. J. A. Maartunn, a contributor at CryptoQuant revealed that…
[ad_1] In an interview with Fortune’s Andrew Nusca, Ripple CEO Brad Garlinghouse provided an overview of the company’s strategic roadmap, their cautious approach to an initial public offering (IPO), and Ripple’s competitive edge over the traditional SWIFT network. A Ripple IPO Currently Not On The Table Garlinghouse was forthright about Ripple’s decision to hold off on an IPO amidst a challenging regulatory environment. He stated, “We have publicly said that we don’t have any imminent plans to try and go public. I mean why would you have in the current SEC. We’re not. I’m not very popular inside the walls…
[ad_1] A crypto trader inked more than 16x profit and made millions on a Donald Trump-inspired memecoin that has exploded in value this year. The crypto tracker Lookonchain notes that a wallet suspected to belong to the pseudonymous trader Gigantic Rebirth spent 540,700 worth of the top stablecoin USDT to buy 1.08 million MAGA (TRUMP) at an average price of $0.5 in November and December of 2023. That same wallet deposited all 1.08 million TRUMP into the BTSE exchange over the weekend, making a profit of around $8.3 million. Lookonchain also notes that a different wallet tagged “GCR: Address 1”…
[ad_1] An analyst has pointed out how Bitcoin is back above the cost basis of the short-term holders, a sign that can be bullish for the asset. Bitcoin Is Back Above The Realized Price Of Short-Term Holders As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has reclaimed the Realized Price of the short-term holders. The “Realized Price” here refers to an indicator that, in short, keeps track of the average cost basis of the investors in the Bitcoin market. When the value of this metric is greater than the cryptocurrency’s spot price, the average…
[ad_1] As Miner Capitulation in the crypto market slowly comes to an end, a crypto analyst maintains an optimistic future outlook on the price of Bitcoin (BTC), the world’s largest cryptocurrency. The analyst has set a massive $200,000 price tag for BTC, marking a new all-time high for the pioneer cryptocurrency. Bitcoin Price Set To Hit $200,000 In an X (formerly Twitter) post on July 17, a crypto analyst identified as ‘Cryptonary’ forecasted that Bitcoin’s price is poised to hit $223,000 in the near future. The analyst’s optimistic projection is based on BTC’s historical trends and Miner Capitulation after each halving…
[ad_1] Crypto analyst Rekt Capital has provided insights into the Bitcoin future trajectory. Based on his analysis, the flagship crypto might not yet be ready for its next leg up, which could see it climb back above $70,000. Bitcoin Not Yet Ready To Establish $65,000 As New Support Rekt Capital claimed in an X (formerly Twitter) post that Bitcoin is not quite ready just yet for a successful retest of the $65,000 level as new support. For the crypto to establish $65,000 as the new support level, the analyst stated that it would need a similar restest like the one…