Day: October 24, 2023

Bitcoin’s Rally to $35,200 Fueled by Optimism for Spot ETFs and Upcoming Halving Event – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) experienced a remarkable surge last night, briefly hitting $35,200. This surge can be attributed to several compelling factors. Among these factors are the eagerly anticipated halving event and the growing confidence among investors regarding the approval of BTC Spot ETFs. This surge not only marks a significant price movement but also underscores Bitcoin’s current momentum relative to the broader digital asset market. The cryptocurrency market is no stranger to volatility, but Bitcoin’s recent ascent to $35,200 has captured the attention of investors and enthusiasts alike. Matteo Greco, a…

Chainlink (LINK) Surge Far From Done As Crypto Analyst Predicts Rise To $15

boss

Chainlink (LINK) is one of the altcoins that have enjoyed a massive resurgence in recent days alongside the flagship cryptocurrency, Bitcoin. The token rose to as high as $10 on October 23 and seems to have established support at that level. Following this, some crypto analysts have gone on to analyze whether or not it can sustain this momentum.    Can The Chainlink Rally Be Sustained? In a post shared on his X (formerly Twitter) platform, crypto analyst Felix drew up an analysis of LINK’s price movement on the charts, noting…

Expert advice to help Web3 companies survive precarious economic times

boss

No industry, and no business, is a fan of economic uncertainty, and many financial experts consider the current global market to be precarious. While every business has to look at ways to shore up operations and cut costs in a down economy, the effort can be particularly challenging for Web3 companies, which are relatively young, may have fewer ready resources than their more established Web2 counterparts, and operate within an industry many outsiders don’t understand and don’t grasp the value of. Should the macro-economy take the turn some are predicting,…

Coinbase, Bitcoin Miners Extend Gains as BTC Surges on BlackRock ETF Hopes

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

All Clear For $40,000? Bitcoin Shows Little On-Chain Resistance Ahead

boss

Bitcoin might have an easy path toward the $40,000 mark as on-chain data suggests there isn’t much resistance ahead. Bitcoin Levels Ahead Are Thin With Addresses Right Now According to data from the market intelligence platform IntoTheBlock, there isn’t any exceptionally large resistance ahead for BTC. In on-chain analysis, resistance and support levels are defined on the basis of whether a large number of investors have bought their coins at the price levels or not. The reason behind this is that the holders often show some reaction to the spot…

Dogecoin millionaire suggests Bitcoin’s recent rise ‘might be a bull trap’

boss

Glauber Contessoto, known widely as the “Dogecoin Millionaire” for his massive investment in the meme-inspired cryptocurrency earlier this year, tweeted a word of caution about Bitcoin’s (BTC) recent price surge. On Oct. 23, Contessoto urged investors to stay cautious. He claimed that “technically speaking we shouldn’t be anywhere near an actual bull run right now.” The #Bitcoin historically predates all bull runs in the past and the next one isn’t until April 2024. This could merely be a bull trap. Invest accordingly. Glauber Contessoto Contessoto took a major risk when…