Day: October 29, 2022

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Bitcoin metric warns of $21K profit-taking as decade-old BTC wakes up

Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” bitcoins returning to circulation. BTC trends out of hibernation As BTC/USD stages something of a comeback in the second half of October, hodlers are changing their behavior after a year-long bear market. According to Glassnode, the number of bitcoins previous stationary in their wallet for 7-10 years but not active again reached a one-month high on Oct. 29.…

Why XRP Holders Should Check These Data In The Coming Days

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XRP has struggled to break out of a narrow range over the last few weeks and has failed to make any significant progress in terms of price pump. XRP struggles to surpass he crucial $0.53 resistance marker The altcoin is swinging between narrow ranges in terms of price movement Whales continue to accommodate despite previous selloff The asset’s trading data chart reveals it is trapped within a Fibonacci support and resistance region where it encounters strong challenge surpassing the $0.53 marker. Source: TradingView Every time XRP tries to move past…

Generative Art NFTs Bring New Heat to Crypto Winter

Jordan Kantor, artistic director of Art Blocks, told CoinDesk that generative art has been showcased through drawings and paintings throughout much of the 20th century. Yet, art movements in the 1960s, such as minimalism, along with the expansion of artificial intelligence and computing, helped propel generative art into the modern NFT space. Source

Shiba Inu Gains 15% As Price Breaks Out Of Range; Will Price Perform Like DOGE?

SHIB’s price shows strength as it bounces from a downtrend range price rallied to a high of $0.0000122 with eyes set on $0.0000135.  SHIB could rally more as the price creates more bullish bias breaking out of its range channel with good volume as SHIB army could push the price to $0.0000135.  SHIB’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Shiba Inu (SHIB)has had a tough time dealing with this current bear market,…

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Polygon (MATIC) Keeps Shining With Over 14% Gain In Value

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MAtPolygon (MATIC), the Ethereum layer-2 protocol, is swimming in gains throughout October. The last seven days alone have seen the coin increase by over 12% and currently sits at a value of $0.941. Polygon is one of the highest-performing coins on CoinMarketCap, with a market cap of just above $8 billion. Polygon suffered a devastating dip in price this June. However, it has slowly recovered since then, reaching a peak of $1.04 in the middle of August. The MATIC price reached $0.95 on October 26th, close to its August all-time…

BTC Nears $21,000, ETH Above $1,640 on Saturday – Market Updates Bitcoin News

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Bitcoin was back in the green on Saturday, as bulls returned to cryptocurrency markets to start the weekend. The token moved closer to a peak of $21,000, rebounding from Friday’s sell-off in the process. Ethereum was also higher in today’s session, climbing by nearly 10%. Bitcoin Bitcoin (BTC) rebounded from Friday’s sell-off in today’s session, as the token moved closer to a breakout of $21,000. Following yesterday’s low of $20,132.50, BTC/USD surged to an intraday high of $20,988.39 to start the weekend. Today’s move sees the world’s largest cryptocurrency hover…

How to earn passive crypto income with Ethereum?

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The cryptocurrency market is incredibly volatile, which can be both good and bad for investors and traders. Volatility creates opportunities for making profits, but it can also lead to losses. Passive income strategies, however, could be handy in offsetting these losses.  Passive income strategies offer investors and traders opportunities to earn profits, even during challenging market conditions such as bear markets. For those investing in Ether (ETH), or any crypto in general, earning passive crypto income provides a way to cover market crashes and downturns. Hodling used to be the…

India Investigates 3 Crypto Exchanges for Illegal Drug Trade Transactions

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Indian investigating agencies including Enforcement Directorate and Income Tax Department are probing three crypto exchanges for their role in illegal drug-trade transactions. The country’s Financial Intelligence Unit (FIU) has identified nearly 200 transactions together worth $3.5-billion at the current price that was routed through the three suspect crypto exchanges. These transactions are suspected to have funded the illegal trade of drugs and were carried out in Nigeria, the British Virgin Islands, and the Cayman Islands between 2019 and 2021, the Economic Times reported.  FIU is a national-level agency that receives all…