[ad_1] An analyst who nailed the top of Bitcoin’s (BTC) 2021 bull market believes altcoins have found their bottom. Pseudonymous trader Pentoshi shares with his 801,500 followers on the social media platform X a chart showing the total crypto market cap excluding the top ten digital assets, often used to gauge altcoin strength. “For alts I think we see something like this. But I believe this will be the general path for the market and that at the minimum there will be a few weeks of alts catching a bid. And as usual, no charts/tickers, etc. for them. I only…
Author: dfrancis36
[ad_1] Within the ever-evolving realm of cryptocurrencies, the liquidity of the Shiba Inu (SHIB) ecosystem is now soaring to an astounding 800 million. This spike highlights the active trading and increasing investor interest in the well-loved meme currency, paving the way for future price changes and tactical adjustments within the SHIB community. Related Reading Strategic Buying Ahead Of The Burn The Shiba Inu community is getting ready for a big token burn that the market is expecting to happen soon. In anticipation of the impending burn, which will take 250 million SHIB out of circulation, there has been a deliberate…
[ad_1] El Salvador’s Bitcoin bonds have emerged as a top trade in emerging markets, bolstered by the potential return of Donald Trump to the White House. This development comes as bond investors speculate that a Trump presidency could unlock billions of dollars in funding for El Salvador from multilateral institutions like the International Monetary Fund (IMF), which have been hesitant to lend to a country that uses Bitcoin as official currency. Impact of a Potential Trump Presidency Chris Preece, a portfolio manager at Pictet Asset Management, highlighted the scenario: “El Salvador is a clear trade. If Trump gets in, the…
[ad_1] As the crypto industry continues to grow massively in adoption, North Korean operatives have escalated their infiltration tactics into the sector by exploiting job postings, a recent investigation by DL News has revealed. Shaun Potts, founder of crypto-specific recruiting firm Plexus, noted: It’s an operational hazard for the industry. It’s an ongoing thing, in the same way that hacking is a thing within tech. You can’t stop it, but you can minimise its risks. A Closer Look At The Method Cybersecurity experts said North Korean hackers use social engineering to target cryptocurrency companies. Security expert Taylor Monahan explained how…
[ad_1] In a strategic move influenced by upcoming general elections, South Korea has decided to delay the implementation of taxes on cryptocurrency gains until 2028. Initially, the government planned to impose a 20% tax on profits from crypto investments exceeding 2.5 million won (approximately $1,875) starting January 2023. This timeline was subsequently pushed to 2025, and now further delayed to 2028. The ruling People Power Party (PPP) argues that establishing a comprehensive regulatory framework is paramount before any taxation is enforced. This approach aims to ensure the stability and security of the crypto market, addressing its complexities and rapid evolution.What…
[ad_1] Bitcoin, the largest digital asset in the cryptocurrency market is in the limelight as Genesis Trading, a major player in the industry has moved a significant amount of BTC to the San Fransisco-based cryptocurrency exchange Coinbase. This transaction comes in the midst of a recent price recovery witnessed around the entire crypto market, indicating a rising optimism among investors and traders. More Bitcoin Move To Coinbase Exchange Wu Blockchain, a leading global cryptocurrency and blockchain media led by Colin Wu reported the development on Monday, on the X (formerly Twitter) platform. According to the platform, at 21:49 UTC+8, on…
[ad_1] Crypto investment products have experienced another week of inflows to build upon inflows witnessed in the prior week. According to data from CoinShares, digital asset investment products recorded $1.44 billion worth of inflows last week, which is a further indication of the return of bullish momentum into the crypto industry. This brings the total inflow to $1.881 billion over a two-week period after three consecutive weeks of outflows. With last week’s numbers, the total value of inflows into crypto investment funds this year now stands at a record $17.8 billion. Bullish Return Among Institutional Crypto Investors The latest data…
[ad_1] The latest Crypto Derivatives Analytics Report by Bybit in partnership with BlockScholes shows there has been a significant shift in the attitude of the market, with investors now favouring Ethereum (ETH). The analysis shows that, in comparison to Bitcoin (BTC), there is an increasing amount of optimism around ETH due to important market indicators and impending regulatory changes. Source: Bybit Analytics Strong Bullish Indications Despite Market Volatility The soon to launch Ether Spot ETFs in the United States is seen to provide a major boost to the world’s top altcoin in terms of adoption and perhaps price projection. Ethereum…
[ad_1] Popular meme coin, Dogecoin, recently faced a rejection at a significant resistance level of $0.1293. This setback has led the crypto asset to start a fresh downward move towards its previous low of $0.0914. Since DOGE failed to break past the $0.1293 barrier, this has led to speculations among market participants about the next move of the digital asset. In this article, we will examine the post-rejection price actions of DOGE with the help of technical indicators to determine what this rejection could mean for the crypto asset in the near future. DOGE’s price is currently trading at around…
[ad_1] Leading Latin American crypto exchange Bitso has partnered with Lightspark to integrate the Bitcoin Lightning Network onto its platform. This will introduce faster, cheaper Bitcoin transactions to Bitso’s user base of over 8 million retail clients and 1,700 institutional customers.Bitso will leverage Lightspark’s infrastructure to enable Lightning transfers. Lightspark will host the nodes while Bitso retains control of the private keys in a remote signing setup.The integration comes as Lightning Network adoption spreads globally, making payments with Bitcoin faster, smoother and less expensive.According to Bitso’s research, 53% of crypto wallets in Latin America hold Bitcoin. Trading pairs against local…