After a bearish correction phase, the price has now reached a crucial support zone, defined by the 100-day moving average and the 0.5-0.618 Fibonacci levels. Given the strong demand at this juncture, a mid-term bullish rebound is looking likely. By Shayan The Daily Chart A detailed examination of the daily chart reveals that Ethereum has entered a significant support zone following a corrective pullback. This zone spans the price range between the 0.5 ($3421) and 0.618...
Read More »Tron Founder Justin Sun Dumps 173M TRX, Price Crash Ahead?
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Read More »Bybit Becomes 2nd Largest Exchange Globally after FTX Collapse
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Read More »Kadena Announces Nitin Gaur as Advisor
[PRESS RELEASE – New York, New York, June 27th, 2024] Kadena, the industry’s only scalable Proof of Work blockchain, welcomes Nitin Gaur, the Founder of IBM Blockchain Lab and a former Global Head of Digital Assets at State Street, as an advisor. Gaur, a distinguished leader in blockchain with a robust patent portfolio, brings a wealth of knowledge and expertise to guide Kadena’s strategic direction for implementing a decentralized approach to traditional finance. Stuart...
Read More »SOL Price Skyrockets 7% in Minutes as VanEck Files for Solana ETF in the US
Cryptocurrency-based exchange-traded funds continue to be on the main stage in the US, with the latest filing from VanEck taking into account the fifth-largest digital asset – Solana. Shortly after the news broke, the native token’s price shot up by 7% to $150. Matthew Sigel, the company’s Head of Digital Assets Research, highlighted the development on X. He noted that the firm believes Solana is very similar to Ethereum as it operates as an “open-source blockchain software...
Read More »Investors Flock to Crypto AI Tokens RCOF and FET to Shield Against Bitcoin’s Slow Bleed
With Bitcoin’s price steadily slipping in recent weeks, a noticeable shift in investor behavior is taking hold. Crypto enthusiasts are seeking havens in projects perceived as more resilient to market fluctuations. Two tokens attracting significant attention in this climate are RCO Finance (RCOF) and Fetch.ai (FET). The surge in interest in these digital assets begs the question: Can Crypto AI tokens offer the stability investors crave amidst the market slump? Read on to find out! RCO...
Read More »Gulf Energy Invests $271M to Boost AI Data Center Facility
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Read More »JPMorgan Analysts: Mt. Gox Repayments Might Trigger Market Slump
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Read More »Fuse and NexusPay Team Up to Enhance Crypto Payments for African Users
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Read More »Bitcoin Longs Suffer $150 Million in Liquidations, Derivatives Turning Bearish
As bitcoin dropped below $60,000 on Tuesday, over $150 million of longs were liquidated due to the lack of sufficient margins. Longs, or futures, bet on the price increases any asset would witness, thus causing bitcoin’s long traders to register losses. Now, derivatives metrics show how a bullish sentiment has turned neutral among traders after five weeks. Traders have thus begun moving away from the risks of bitcoin, especially in a time like this. It has been the case since at least June...
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