[ad_1] Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on altcoins. Van de Poppe tells his 748,300 followers on the social media platform X that altcoins are set to rally as profits generated from investing or trading Bitcoin (BTC) are channeled to the rest of the crypto ecosystem. According to the widely followed trader and analyst, most of the altcoins are at record lows against their Bitcoin pairs. “This means that there’s still a massive upward run to be made from those altcoins. Many of them need to go up 4x against Bitcoin to meet the levels…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. After surpassing its $100,000 milestone, Bitcoin (BTC) recorded its largest retrace in the past month before recovering. Amid the flagship crypto’s performance, some analysts have suggested the levels to watch and the next stops for BTC’s rally. Related Reading Bitcoin Rally To Continue Above $100,000 On Thursday, Bitcoin hit its latest all-time high (ATH) of $103,600 in an 8% daily jump. The largest cryptocurrency by market capitalization broke out of a one-month bullish pennant and smashed past the $100,000 barrier for the first time in history. After the impressive surge, BTC retraced…
[ad_1] The Polish police detained a Russian citizen linked to the now-collapsed WEX exchange for alleged fraud and money laundering. US authorities solicited his extradition for his crypto-related crimes and currently await the completion of the extradition process. WEX’s ‘Crypto King’ Detained In Poland On Friday, local media outlets reported that Polish authorities had arrested a 37-year-old Russian citizen in Warsaw. Due to Polish laws, the media reports called the suspect “Dmitry V.” but seemingly referred to the former CEO of the WEX crypto exchange, Belarus-born Dmitry Vasiliev. Vasiliev was arrested by the “Shadow Hunters,” an elite unit of the…
[ad_1] Este artículo también está disponible en español. Ethereum (ETH) surged past $4,000 earlier today for the first time since March 2024. Having surpassed a key price level with a golden cross, analysts are confident that this could signal the beginning of the highly anticipated altcoin season. How Far Can The Golden Cross Push Ethereum? Ethereum, the leading smart contract blockchain saw its native ETH token rise beyond $4,000 today. What’s interesting is that ETH is not only showing signs of strength against USDT but also against Bitcoin (BTC). Related Reading In the ETH/BTC daily trading chart below, it can…
[ad_1] Nasdaq-listed medical device manufacturer Semler Scientific has expanded its Bitcoin (BTC) holdings, acquiring an additional 303 BTC for $29.3 million. The company continues to double down on its MicroStrategy-inspired corporate treasury strategy. High Bitcoin Price Not A Barrier To Purchase Bitcoin made history this week by surpassing the $100,000 price level for the first time, pushing its total market capitalization past $2 trillion. Despite BTC’s record high price, corporate buyers like Semler Scientific remain undeterred and continue accumulating the flagship cryptocurrency. According to a recent announcement, Semler Scientific has added another 303 BTC to its holdings. Notably, the latest…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] The Fear & Greed Index is up 48 points from August, indicating investors are hopeful for the future. BTC hit a new all-time high of $103,900, but it’s not the only crypto that can bring significant returns this season. Alternative cryptos may offer more upside due to their innovative use cases, volatility (which in bullish times becomes a pro), and early entry opportunity. Let’s see which cryptos are the most likely to explode this December. Crypto All-Stars (STARS) Wall Street Pepe (WEPE) Best Wallet Token (BEST) Sui Network (SUI) Ripple (XRP) Cardano (ADA) Hedera (HBAR) 1. Crypto All-Stars: Stake…
[ad_1] Este artículo también está disponible en español. The Cardano native token is one of the top-performing digital assets this week and currently trades at $1.13 and $1.23. While its price action pales in comparison to the industry leaders this week, led by Bitcoin and XRP, ADA’s performance relative to other altcoins has still become a source of optimism for many. Related Reading One market analyst even sees Cardano’s ADA eventually overtaking Dogecoin in the list of top cryptos by market cap. A recent comparative analysis of Cardano and Dogecoin reflects the former’s dominance over the top meme coin. ADA…
[ad_1] Data shows the cryptocurrency derivatives market has suffered a massive amount of liquidations after the Bitcoin flash crash during the past 24 hours. Bitcoin Has Witnessed Significant Volatility During The Last Day BTC has displayed some wild price action in the past day, with both a high of $103,500 and a low $90,500 occurring inside a narrow window. The move to the latter level, in particular, was so sharp that it could only be described as a flash crash. Below is a chart that shows how the asset’s recent trajectory has been like. From the graph, it’s visible that…
[ad_1] The role of Bitcoin long-term holders (LTHs) has again come under the microscope of analysts as the asset currently faces a 4.5% correction from its all-time high (ATH) above $100,000 created on Thursday. These holders, defined as those who retain their Bitcoin for over 155 days, are known to influence market movements through their accumulation and distribution behaviors significantly. A recent analysis by CryptoQuant analyst Datascope has highlighted key trends in LTH activity that could signal the next phase for Bitcoin. Key Trends And Historical Context Datascope’s insights highlight the importance of the LTH accumulation/distribution ratio as an on-chain…