Recent analysis by Jacob Canfield, a trading mentor at the Trading Mastery, suggests that Bitcoin may experience further decline in price based on historical patterns observed in its pricing trends. Canfield notes that Bitcoin has a tendency to retest yearly open levels, with exceptions seen in 2023 and 2024. These retests have been a consistent
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Bitcoin has been experiencing a downturn in recent days, with prices dropping to the lowest level since February 26. Despite the high volatility, Bitfinex analysts have identified on-chain signs that suggest the leading cryptocurrency may be nearing a potential local bottom. This analysis provides insight into the recent market movements and the outlook for Bitcoin’s
The Republican Party has taken a bold step by including Bitcoin and cryptocurrency in its official platform for the upcoming 2024 election, marking a significant shift towards embracing digital assets and blockchain technology. This move reflects former President Trump’s recent statements and signals a broader trend within the party to recognize the importance of these
Following a tumultuous week for the crypto market, Chainlink (LINK) experienced a surge of over 4%, defying bearish pressure. A key factor driving this uptrend is the increased accumulation of LINK by whales. Data from crypto analyst Ali Martinez reveals that whales have acquired over 6.2 million LINK in the past week, amounting to approximately
Legend of Arcadia (LOA) Season 2: Grandia World Tour continues to push the boundaries of innovative play-to-airdrop (P2A) campaigns that were proven successful in Season 1. Building upon the foundation laid by Arcadia Rune Quest in the first season, Season 2 introduces players to the bustling cityscape of Grandia, offering new opportunities to play-to-earn. By
Veteran trader Peter Brandt recently suggested that Bitcoin could potentially drop as low as $44,000 based on a technical indicator signaling a bearish outlook for the cryptocurrency. Brandt’s prediction hinges on the idea that Bitcoin may have completed a double top, indicating a possible severe reversal to the downside. However, another analyst, JK, challenged Brandt’s
Binance, one of the largest cryptocurrency exchanges, regularly updates its services to enhance user experience. The recent announcement of delisting BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) is a strategic move to improve the quality of assets available for trading on the platform. Delisting may occur due to various factors such as poor
The cryptocurrency market has been experiencing a turbulent period at the beginning of July, with several events contributing to the bearish sentiment among investors. The anticipated debut of Spot Ethereum ETFs did not materialize on July 2nd, adding to the disappointment. Additionally, reports of large sell-offs of BTC by the US and German governments have
The recent price action of Bitcoin has sent waves of fear across the entire cryptocurrency market. Many participants are concerned that the long-standing bull market may have finally come to an end. Analyzing the daily timeframe, it is evident that the price has been steadily making lower highs and lows ever since it fell below
The upcoming Moku NFT sale, scheduled for July 9th at 1 PM UTC on the Mavis Launchpad, has been generating a buzz in the blockchain gaming community. This event signifies the launch of Moku’s inaugural collection, featuring Moki Eggs that will unveil exclusive Moki NFTs. The rarity of these eggs will influence the likelihood of
In a recent turn of events, the cryptocurrency market has experienced a significant rebound, with Bitcoin surging to almost $58,000 and Ethereum spiking above $3,000. This surge in prices has brought some relief to investors who witnessed losses at the end of the previous week. Along with the major cryptocurrencies, meme coins like Shiba Inu
In a bold move, Messari, a prominent US-based crypto market intelligence platform, has decided to break away from the Securities and Exchange Commission (SEC). The CEO of Messari, Ryan Selkis, made a public statement on July 7, denouncing the SEC and its Chair Gary Gensler. Selkis declared, “I’ve declared independence from the SEC and its
The cryptocurrency market is currently experiencing a decline on Monday morning, with major coins such as ETH and XRP charting notable decreases. ETH is once again trading below $3K, down 4% on the day, while XRP dropped by 5%. The bulls are now fighting to defend the critical $0.4 level amid the market downturn. Notably,
In the world of blockchain networks, Ethereum continues to reign supreme despite the emergence of newer platforms with lower fees and faster transaction times. Data compiled by Lookonchain indicates that Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, with a staggering $2.728 billion compared to Bitcoin’s $1.30 billion. This demonstrates the unwavering support
