CryptoX – Cryptocurrency Analysis and News Portal Bitcoin price is back at nearly $57,000 and is less than $10,000 away from a new setting a new all-time high and heading back into price discovery mode. It is also moments away from re-entering the RSI bull zone, which in the past has led to cryptocurrency cycle climaxes and a bear market to follow. Here is a closer look and what to watch for. Bitcoin Price Readies Aggressive RSI “Bull Zone” Reentry Bitcoin price action doesn’t behave like other assets. Its speculative…
Day: October 13, 2021
Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone”
Bitcoin price is back at nearly $57,000 and is less than $10,000 away from a new setting a new all-time high and heading back into price discovery mode. It is also moments away from re-entering the RSI bull zone, which in the past has led to cryptocurrency cycle climaxes and a bear market to follow. Here is a closer look and what to watch for. Bitcoin Price Readies Aggressive RSI “Bull Zone” Reentry Bitcoin price action doesn’t behave like other assets. Its speculative nature helps it to follow technical analysis…
NFT Gaming Pioneer Vulcan Forged Launches New DEX for Gaming Tokens – Press release Bitcoin News
press release PRESS RELEASE. Vulcan Forged has launched a new and revolutionary decentralized exchange for gaming tokens following the success of its gaming metaverse, VulcanVerse. Cardiff, United Kingdom – Blockchain gaming platform, Vulcan Forged, is announcing the launch of the first-ever decentralized exchange (DEX) purpose-built for gaming tokens, VulcanDEX. The DEX will allow users of the gaming platform to trade any gaming token without the need to register. Players will then be able to use their newly acquired tokens in their respective game. Users will also be able to stake…
Estados Unidos capta el negocio de minería de bitcoin tras la restricción de China
Estados Unidos se ha convertido en el líder mundial de minería de bitcoin tras una nueva restricción impulsada por China contra el sector, según el Centro de Finanzas Alternativas de Cambridge (CCAF, por sus siglas en inglés). Los últimos datos de CCAF muestran que Estados Unidos representa el 35,4% del hashrate global —la potencia computacional total utilizada para minar bitcoins— a finales de agosto, lo que supone más del doble del 16,8% de finales de abril. Kazajistán y Rusia siguieron a Estados Unidos con cuotas de 18,1% y 11%, respectivamente,…
OpenSea Says It’s Patched an NFT Phishing Vulnerability — CoinDesk
Business The NFT marketplace said it fixed the loophole as soon as it was notified by a security firm, and that no accounts were compromised. By Will Gottsegen Oct 13, 2021 at 8:58 p.m. UTC Updated Oct 13, 2021 at 9:00 p.m. UTC OpenSea NFT marketplace (Screenshot) Source
Cryptocurrency Market Analysis Today
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Olympus DAO chases a new ATH after fresh bond offerings and partnerships
The rapidly evolving world of blockchain technology offers a wide range of approaches and tokenomic models aimed at solving the blockchain trilemma of creating a decentralized, stable and secure network. One tokenomic model that has seen several varients over the past year is the ‘rebase’ model, which is designed in a way so that token balances can fluctuate over time depending on changes in token price and circulating supply. Olympus (OHM) is a rebase project that has caught the attention of many in the crypto space over the past six…
Bitcoin Recovering Faster Than Equities as Buyers Remain Active — CoinDesk
For now, analysts are monitoring blockchain data, which points to continued upside for bitcoin. “Despite China’s crypto ban, it seems miners, including those who were in China, are holding BTC in mining wallets,” Ki Young Ju, CEO of CryptoQuant, wrote in a blogpost, referring to the decline in miner outflows, which tends to be a bullish price indicator. Source
Coinbase Rated Underperform in New Coverage on Lack of ‘Crypto Innovation’ — CoinDesk
Bolu said what’s most concerning is that Coinbase appears to be “lagging on almost every crypto innovation (including altcoins, derivatives, NFTs).” If this trend continues, he said, the crypto exchange could rapidly lose relevance similar to what happened to Netscape in the early internet era. Source
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