Day: November 21, 2023

Analyst Sets $30,000 Floor For Bitcoin, But Can We Forget 2021’s Misfire?

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The price of Bitcoin presses on towards the upside and, once again, touched a critical resistance close to $38,000. The cryptocurrency could trend sideways at its current levels in the short term, leading analysts to find the support level that could withstand a spike in selling pressure. As of this writing, Bitcoin trades at $37,160 with sideways movement in the last 24 hours. BTC held a 2% profit the previous week, while Cardano (ADA) and Solana (SOL) took the lead in the current price action. BTC’s price trends to the…

Binance CEO Tops List of 2023 Most Popular Social Media Personalities in Crypto

The ranking provides a measure of the credibility and perceived influence of these personalities in the eyes of the crypto community. CoinLedger’s recent compilation of the ten most popular crypto entrepreneurs of 2023 showcases a mix of highly influential and controversial figures, with Binance CEO Changpeng ‘CZ’ Zhao securing the top spot. Binance CEO Changpeng ‘CZ’ Zhao: Leading the Charge The list, based on social media followings, provides a glimpse into the diverse personalities shaping the crypto landscape. Zhao emerges as the undisputed leader of the pack, securing the first…

Bitcoin Minetrix, a stake-to-mine project, raises over $4m in presale

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Bitcoin Minetrix (BTCMTX), a stake-to-mine token, has raised over $4 million in its presale. Exploring Bitcoin Minetrix’s mining model  Bitcoin Minetrix’s stake-to-mine mechanism allows users to passively earn Bitcoin (BTC) rewards. By staking BTCMTX, Bitcoin Minetrix’s native token, users generate mining credits to access cloud mining power for BTC. This model aims to decentralize hash power acquisition, giving users more power and control than traditional cloud mining. Additionally, Bitcoin Minetrix’s staking protocol enables investors to earn considerable yields – with the current APY set at 141%. As the Bitcoin halving event…

Blockchain Domain-Name Provider Ethereum Name Service Pushes Back Against Rival’s Patent

In the statement to CoinDesk, Unstoppable’s Gould said that “the patent is directly related to the technology we deployed for our original “.crypto” registry on Ethereum and is distinct to our use, including many inventions that make it easier for a centralized company like ours to run a domain registry, for example, gasless transactions by paying for gas for users which we have offered for four years now. This is not something any other naming system did at that time.” Source

Wintermute Asia Processes Its First Options Block Trade Through CME Group

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BTC price returns key profit mark to Bitcoin exchange users at $34.7K

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Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts to profit when it retook $30,000 last month, but current prices are having an impact on BTC buyers who entered much earlier. According to Glassnode, which monitors the aggregate price at which coins left exchange wallets each…

Celsius entity to focus only on mining under proposed reorganization plan

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Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC). In a Nov. 20 announcement, Celsius said the core business of the ‘NewCo’ company proposed under its restructuring plan will be Bitcoin (BTC) mining rather than staking. The firm said it had reached the decision to focus its efforts on mining “based on the SEC’s feedback [and] in consultation with the Official Committee of Unsecured Creditors.” Under the restructuring, Celsius said some of its assets…

Solana Forms Sell Signal, Decline To $30 Ahead?

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Solana is forming a TD Sequential sell signal on the weekly chart right now and this analyst believes a decline to as low as $30 could happen for SOL. Solana Weekly Chart Is In Process Of Forming A TD Sequential Sell Signal The “Tom Demark (TD) Sequential” refers to a popular tool in technical analysis that’s used to pinpoint probable tops or bottoms in the price of any given asset or commodity. This indicator is made up of two phases: the setup phase and the countdown phase. In the former,…

Will Bitcoin price make a new all-time high in 2023? Prediction and analysis

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Bitcoin’s price action shows consolidation and significant volatility, focusing on the $38,000 resistance level and market sentiment indicators. How high can Bitcoin go? Bitcoin (BTC) has shown resilience and bounced back above $37k levels after declining to $35k levels on Nov. 15. BTC has maintained its bullish outlook despite a period of sliding prices influenced by the absence of significant developments in the spot Bitcoin exchange-traded fund (ETF) and other macroeconomic factors. Moreover, over the past few weeks, Bitcoin’s journey has been marked by a pattern of higher lows and…