[ad_1] Shiba Inu (SHIB) might be facing its own demise as analysts predict a continuation of its week-long price decline. The meme coin, known for its association with the adorable Shiba Inu dog breed, has lost nearly 14% of its value in the past seven days, raising concerns about its future. Source: Coingecko Related Reading Bearish Signals Fill The Air Technical indicators often used to gauge market sentiment are flashing red for SHIB. The Relative Strength Index (RSI) and Money Flow Index (MFI) currently sit at 38 and 35, respectively. While these values suggest the asset might be oversold and…
Author: dfrancis36
[ad_1] Itaú Unibanco, Brazil and Latin America’s biggest bank has opened Bitcoin and crypto trading to over 60 million customers, as per reports.BREAKING: 🇧🇷 60,000,000 customers at Brazil's largest bank can now start buying #Bitcoin and crypto.Gradually then suddenly 🙌 pic.twitter.com/KXSjPLFzCP— Bitcoin Magazine (@BitcoinMagazine) June 12, 2024 The bank’s investment app, Ion, now allows users to buy and sell Bitcoin and Ethereum after initially offering crypto trading to only select clients in December 2023.In an interview, Itaú digital assets head Guto Antunes said the move followed weekly surveys, with initial users showing strong demand for Bitcoin and crypto services. While not…
[ad_1] Scarce City X VESA = Bitram Auction Now LIVEGet ready for the legendary Scarce City dropping a hot auction with OG artist VESA. June 11-13th. Watch a video on how the artwork was made and what it is all about. It’s the first Bitcoin specific piece VESA has made in a couple years now exclusively on Scarce.City – Youtube link Watch substance video number two on Youtube How to bid: Input the amount of bitcoin you want to bid, an email address that we can reach you at, and a bidder name to display with your bid. After you…
[ad_1] Bitcoin enthusiasts faced a roller coaster ride this Tuesday as the leading cryptocurrency took a nearly 5% tumble, dipping below $68,000. This sharp decline erased the gains made during a bullish run that saw BTC touch $71,950 just last week. Analysts are scrambling to decipher the reasons behind the sudden skid and predict Bitcoin’s next move, with the highly anticipated Federal Open Market Committee (FOMC) meeting looming large. Risk Aversion Reigns As Investors Eye FOMC, Inflation Data The crypto market seems to be mirroring the broader financial landscape, where a cautious mood prevails. Investors are adopting a “risk-off” approach…
[ad_1] Via X, Sean McBride, a former director at Ripple, offered an analysis of the perplexing downtrend of the XRP price despite a series of ostensibly positive developments surrounding Ripple and the XRP Ledger (XRPL). McBride’s insights come at a time when XRP’s underperformance in a bullish market continues to baffle investors and industry observers alike. Why Is XRP Price Down Despite A Slew Of Positive News? Despite recent bullish periods in the broader crypto market, XRP has notably failed to capitalize on these gains. In a conversation with X users, McBride attributed this lackluster performance to the ongoing legal…
[ad_1] Digital assets, like Bitcoin, have ushered in a new era for the cryptocurrency industry by radically changing the financial and technological landscape. Recently, the world’s largest bank by total assets, the Industrial and Commercial Bank of China (ICBC), has applauded the remarkable growth and evolution of digital currencies, emphasizing their transformative potential in the financial landscape. Particularly, the bank focused on Bitcoin, likening its limited quantity and intrinsic rarity to that of gold. Bitcoin’s Scarcity Comparable to Gold ICBC bank lauded digital currencies for their significance in a constantly changing financial environment in its Macro Economy In-depth Analysis. VanEck…
[ad_1] DEXTools, a leading decentralized finance (DeFi) analytics platform, has announced the integration of ShibaSwap, the decentralized exchange (DEX) of cryptocurrency Shiba Inu (SHIB). This strategic collaboration, unveiled on Wednesday, marks a significant step forward for ShibaSwap by providing its users with sophisticated analytics and real-time trading data. DEXTools stands out in the DeFi space with its comprehensive suite of analytical tools that cater to a vast array of decentralized exchanges. It tracks approximately 3.5 million tokens and handles data from millions of users each month. The platform’s main offerings include detailed insights into token metrics, liquidity pool statistics, trading…
[ad_1] In a market dominated by optimism surrounding the price spikes of Bitcoin (BTC) and Ethereum (ETH), the non-fungible token (NFT) market has seen a decline in popularity. NFTs, which include digital artwork and collectibles recorded on blockchains, have recently experienced a notable loss of appeal. According to a Bloomberg report, Google searches for NFTs have reached their lowest levels since 2021, when these tokens first gained mainstream attention. Popular NFT Collections Experience Steep Price Declines A significant drop in sales further highlights the NFT market’s struggles. Researcher DappRadar reveals that NFT sales have decreased by more than six percent…
[ad_1] Cardano (ADA), the smart contracts platform known for its meticulous development process, finds itself at a critical juncture. Analysts are split on the cryptocurrency’s immediate future, with some predicting a bullish breakout and others bracing for a bearish correction. Related Reading Analyst Buckles Up For A Reversal One analyst, known by the moniker Trend Rider, has taken an optimistic stance. They’ve identified a technical pattern suggesting a potential trend reversal for ADA. This pattern involves an initial price surge followed by a pullback, a scenario mirrored by several other cryptocurrencies recently. $ADA had a brief pump and then corrected,…
[ad_1] With the approval of Spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC), the Shiba Inu community have continued to push for a SHIB ETF. The latest development in this effort is a petition to leading Crypto ETF issuer, Grayscale, to launch a Shiba Inu ETF. Shiba Inu ETF Petition Crosses 10,000 Signatures In an interesting turn of events, the Shiba Inu community has been able to gather more than 10,000 signatures for its petition to have Grayscale list a Shiba Inu ETF. The petition which was created on the Charge.org website appeals to Grayscale CEO…