Bitcoin Whales Buy The Dip As BTC Drops To $39k

On-chain data shows a sharp spike in the Bitcoin exchange outflows, suggesting whales have been buying the dip to $39k. Bitcoin Exchange Outflows Show High Value Suggesting Whale Activity As pointed out by an analyst in a CryptoQuant post, the BTC exchange outflows have registered a large spike recently. The “exchange outflows” is an indicator that measures the total amount of Bitcoin currently exiting wallets of all exchanges. When the value of this indicator is high, it means investors are withdrawing a large amount of coins at the moment. Especially…

Crypto-focused PAC has used $9M to support Democratic candidates since January

Protect Our Future, a political action committee set up in January, with backers including FTX CEO Sam Bankman-Fried, has spent more than $9 million to support candidates running for seats in the U.S. House of Representatives. According to expenditures reported to the U.S. Federal Election Commission, as of April 14, Protect Our Future has used $9,024,317 toward supporting the campaigns of Carrick Flynn, Lucia McBath, Shontel Brown and Jasmine Crockett to represent separate districts in Oregon, Georgia, Ohio and Texas, respectively. McBath and Brown are incumbent candidates, while Crockett currently…

Is Bitcoin ‘cheap’ below $40,000? BTC derivative metrics are mixed

Bitcoin (BTC) dipped below $40,000 support on April 18, and the two-week 15% correction was enough to prompt predictions of $30,000 prices in the near term.  Meanwhile, regulatory uncertainties continue to be a key concern for investors, including the failed European Know Your Customer (KYC) and Anti-Money Laundering (AML) proposed rules for ”unhosted” private wallets. For instance, exchanges started to demand additional information on its users just last week, causing some discomfort to traders. Europe regulation “near miss” brings distress The European Union Parliament’s Committee on Economic and Monetary Affairs voted on…

BTC LONG TRADES IN A BEAR MARKET?!! Bitcoin Technical Analysis.

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BTC Bitcoin Technical Analysis live now price prediction today 2021 13.12.21 $BTC broke back into the range VAH for a move back down to test the dnpoc. I share my plan; can a bounce be found after a SFP!?!! – Want To Win More Trades, Make More Money? – Want To CRUSH THE CHARTS Like A Champion? – Want to join our THRIVING community of over 12,000 Champions and get exclusive tips, tricks, tactics and strategies to fuel YOUR trading success TODAY!…

Ethereum’s Dark Underbelly Shows That Even in Crypto, Trust Matters

As those projects come and go, reaching or missing their confined, self-interested little metrics, Ethereum is still here. To a degree that’s rarely acknowledged, that’s because Buterin, even in the very early days, insisted on principles of openness, accessibility and fairness. Moreover, it seems clear he understood his power and didn’t hesitate to flex it (in his understated way) toward those unselfish goals. Source

Bitcoin Traders Long The $39K Dip, Will BTC Head In Expected Direction?

Rejected once again as it attempted to reclaim the $40,000 area, Bitcoin trades just north of $39,000. The first crypto by market cap is moving on a low timeframe range between the mid area of its current levels, and around $48,000. Related Reading | Bitcoin Clings To $40K On Easter Sunday As Crypto Seen To Head Lower In The Short Term In higher timeframes, Bitcoin seems trapped between the low $30,000s and the high $60,000s. Whenever it approaches, traders turn to high fear of high greed levels. At the time of…

Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin – Altcoins Bitcoin News

The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has surpassed the BSC-based stablecoin BUSD by more than $67 million. Stablecoin Terrausd Surpasses BUSD’s Market Valuation There’s a new leader in the world of stablecoins, as Terra’s dollar-pegged algorithmic cryptocurrency now commands the third-largest stablecoin position, in terms of overall market valuation. Statistics indicate that terrausd’s (UST) issuance increased by 14.9% over the last month and currently the stablecoin has…

Monero community reaches consensus for July hard fork

As told by Monero (XMR) developers over the weekend, on July 16, the Monero network passed a community consensus to initiate a mainnet hard fork at block height 2,668,888. The popular privacy coin’s hard fork will include increasing the chain’s ring size from 11 to 16, adding view tags to outputs to reduce wallet scanning time, introducing bulletproofs and implementing fee changes. Raising the number of ring signatures is meant to ensure that transactions have a larger anonymity set, making it harder to reverse engineer the sources of a transaction.…