[ad_1] Este artículo también está disponible en español. Dogecoin is once again testing a critical resistance level at $0.43, showing signs of renewed bullish momentum. This level has proven challenging for DOGE in recent weeks, but the price action suggests the meme coin could be primed for a parabolic move. Bitcoin trader and investor Coinvo recently shared a technical analysis on X, emphasizing that DOGE has started a monthly breakout, signaling the potential for explosive growth. Coinvo’s analysis highlights that Dogecoin’s current setup aligns with historical patterns that have previously led to significant rallies. Related Reading However, the bullish scenario…
Author: dfrancis36
[ad_1] After hitting the $100,000 milestone, Bitcoin suffered a sudden price crash on Friday resulting in an estimated price loss of 7%. During this decline, the asset’s perpetual funding rates in the derivative markets took a hit. However, traders may yet retain enough leverage to strongly influence price volatility. Bitcoin Short-Term Outlook Uncertain Due To Heightened Leverage In an X post on December 6, blockchain analytics firm Glassnode expressed that Bitcoin’s perpetual funding rate may hold significant implications for the asset’s short-term price. For context, perpetual funding rates are periodic payments made between traders in the perpetual futures market to…
[ad_1] FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and…
[ad_1] The past week has been an eventful seven-day span for the Bitcoin price action and the general cryptocurrency market. From the flagship cryptocurrency achieving a six-figure valuation to “flash crashing” to under $90,000, investors have gone through various emotions over the past week. Unsurprisingly, the Bitcoin “flash crash” has been a major source of commentary in the past day, with several pundits providing insights as to how this phenomenon might affect the Bitcoin trajectory. Below are some of the on-chain lessons learned from the sudden price plunge, according to CryptoQuant’s head of research. What Happened In The BTC Futures…
[ad_1] A widely followed cryptocurrency trader thinks that one large-cap memecoin is gearing up for another round of upside bursts. Pseudonymous analyst Bluntz tells his 303,200 followers on the social media platform X that he sees Dogecoin (DOGE) outperforming Bitcoin (DOGE/BTC) as the pair approaches the resolution of a triangle pattern. A triangle structure is typically viewed as bullish if spotted while an asset is in an uptrend. Says Bluntz, “Sounding like a broken record at this point but I’m gonna say it again anyway, when DOGE breaks this three-week accumulation, it’s going to be a violent upside move.” Source:…
[ad_1] Key Takeaways:FSOC Flags Stablecoins as “Potential Risk” to Financial Stability.High market concentration and lack of appropriate regulatory frameworks are critical challenges.Urges comprehensive federal regulation of stablecoins due to their systemic risks.Stablecoin Market is Highly ConcentratedIn recent years, the U.S. Financial Stability Oversight Council (FSOC) has identified that the market for stablecoins is concentrated, with a single company holding about 70 percent of the sector’s total market value.Tether holds about 70% of the stablecoin’s market valueStablecoins play an indispensable role in the provision of liquidity both in the cryptocurrency market and DeFi protocols. In addition, they reduce the price volatility…
[ad_1] FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and…
[ad_1] A financial commentator warned that Bitcoin could potentially weaken the US dollar if the government would intervene in the cryptocurrency. Economist Peter Schiff believes that if the American government decided to adopt the firstborn crypto, it would have an adverse effect on the greenback by inflating the money supply. Unforeseen Consequences Schiff, who is a known Bitcoin critic, said that there will be unforeseen consequences on the value of the US dollar once the US government continues its plan of intervening in the Bitcoin markets, which could lead to an unsustainable economic bubble. The financial commentator believes that the…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Bitcoin has plunged back under the $100,000 level during the past day as on-chain data shows the OG whales have been waking up. Bitcoin OGs Have Transferred Massive Amounts Recently In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed the trend in the 30-day cumulative spending of the 10+-year-old Bitcoin tokens. This metric basically keeps track of the total number of coins that the investors who have been holding for 10 years or more have been moving on the BTC blockchain during the past month. Below is the chart for the indicator shared by the…