Crypto news

Bitcoin’s price is still consolidating around the $60K level. Yet, an impulsive move might begin soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, it is evident that the price has yet to climb back and recover definitively above the $60K level after its rapid rejection and drop from the 200-day moving average, located around $63K. Following the recent rebound from the $52,500 level, the price has once again tested the pivotal...

Ethereum remains in a downward trend, with price action showing insufficient bullish momentum for a reversal. In the near term, the cryptocurrency is likely to enter a consolidation phase within a critical range, with mild bearish retracements seeming far more likely. By Shayan The Daily Chart On the daily chart, Ethereum has been in a sustained downtrend since getting rejected at its yearly high of $4K. The price has consistently formed lower lows and lower highs, creating...

TL;DR The SHIB team warns of rising scams exploiting Ryoshi’s name, urging users to stay vigilant. Shiba Inu’s founder, Ryoshi, passed the torch to Shytoshi Kusama who plans to hand over control to the community soon. Not Everything is as It Seems Shibarmy Scam Alerts (the X account focused on protecting SHIB users from various threats) warned there is a rising number of bad actors who misuse the name of Ryoshi to attract attention and thus deceive members within the...

The number of Bitcoin addresses depositing into exchanges has dropped to 132,100. According to insights published on CryptoQuant by analyst CryptoOnchain, this is a figure last seen in 2016. Decreased Selling Pressure This metric, which tracks the number of addresses sending inflow transactions to exchanges, suggests a decrease in selling pressure as fewer investors are moving their BTC to trading venues for liquidation. This reduced sell-off activity follows bitcoin’s recent...

[PRESS RELEASE – Singapore, September 16th, 2024] Traders in emerging markets are facing a wide range of economic pressures in 2024. These are shaped by many factors including global macroeconomic shifts, domestic challenges, and geopolitical factors. As a result, traders in these regions are more focused than ever on finding a broker that provides them with the best possible conditions, as well as additional benefits tailored to them. PrimeXBT, an online Crypto & CFD...

[PRESS RELEASE – Montevideo, Uruguay, September 16th, 2024] The Rootstock community is set to conclude the “Rootstock World Tour,” one of its largest ecosystem campaigns, on September 30, 2024. This campaign, hosted on the Galxe platform, is bringing together partners from across the Rootstock ecosystem, offering users interactive opportunities to engage with 12 different decentralized applications (dApps) on the Rootstock blockchain. Throughout the tour, participants will...

Coinbase founder and CEO Brian Armstrong has denied speculations that the company has sold paper Bitcoin to BlackRock without maintaining a 1:1 backing. The allegations have caused debate in the crypto community, with some accusing Coinbase of lacking transparency in its Bitcoin reserves. Brian Armstrong Dispels the Rumors In a statement on X addressing crypto analyst Tyler Durden, Armstrong explained that the minting and burning of Bitcoin for BlackRock’s spot Bitcoin ETF...

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