Day: December 12, 2023

El Salvador’s Volcano Bond gets regulatory approval, targets Q1 launch

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El Salvador’s long-anticipated Bitcoin bonds, also known as “Volcano Bonds” have received the regulatory nod, and are expected to launch early 2024. The Volcano Bond was approved by El Salvador’s Digital Assets Commission and is anticipated to launch during the first quarter of 2024, according to a Dec. 11 statement from The National Bitcoin Office (ONBTC) of El Salvador. BREAKING NEWS The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD). We anticipate the bond will be issued during the first quarter of 2024. This is…

Bitcoin, Ether Drop Spurs $500M in Liquidations, But BTC Entering “Never Seen Before” Era

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“Momentum has been consistently building in the Bitcoin builders space all year, and we are now seeing the markets reflect the excitement around the increased activity,” shared Muneed Ali, founder of Bitcoin development firm Trust Machines, in an email to CoinDesk. “Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be bullish on the Bitcoin ecosystem. We are entering an era of Bitcoin that we have never seen before. Original

Traders React With “Buy The Dip” Calls

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The crypto market has seen a plunge today, and it would appear that social media users have reacted by calling to buy this “dip.” Coins Across The Crypto Sector Are In The Red Today According to data from the on-chain analytics firm Santiment, social media mentions of “buy the dip” have gone up following the latest tumble that the crypto market has experienced. The relevant indicator here is the “social volume,” which keeps track of the number of unique posts/threads/messages on the various social media platforms that mention a specific…

Analyst predicts Dogecoin to reach $0.115, Meme Moguls’ prospects bullish

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After evaluating the meme coin’s price movement, an analyst has chosen Dogecoin’s (DOGE) next target. Similarly, the presale token, Meme Moguls (MGLS), appears to be gearing up for a price rally. Dogecoin may reach $0.11 and $0.115  In a recent YouTube video, a cryptocurrency analyst expressed optimism about the future of Dogecoin. DOGE recently broke vital resistance around the $0.09-$0.095 range, which some proponents view as a bullish indicator…

Bitcoin Falls Below $42,000 As Short Term Holders Rush To Cash In

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Bitcoin is currently witnessing a decline in price, with its value dropping below the $42,000 mark. This movement comes on the heels of a significant uptick in the circulating supply of profitable Bitcoin, prompting a wave of profit-taking among investors. ETC Group’s Head of Research, André Dragosch, highlights this trend, noting an increase in Bitcoin being moved to exchanges for potential sale. Dragosch noted, citing data from Glassnode: Overall exchange balances for bitcoin have clearly picked up, implying a net inflow of coins to exchanges over the past week. More…

Why did the crypto market drop amid the bull run?

Discover the factors behind the abrupt crypto market sell-off on Dec. 11, including insights into Bitcoin’s and Ethereum’s sharp price drops. The crypto market, which has been on an upswing lately, has recently taken an unexpected turn. Just when investors thought the bull run was unstoppable, the market cap and prices of cryptocurrencies took a sharp dip on Dec. 11, interrupting eight consecutive weeks of bullish trends. In a startling 24-hour period, the total crypto market cap plummeted from $1.64 trillion on Dec. 10 to just under $1.56 trillion on Dec.…

Crypto Sentiment Index Stays Bullish Despite Corrections, Report Reveals Positive Outlook

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In a recent blog post, ETC Group’s Head of Research, Andre Dragosh, provided a comprehensive analysis of the current state of the crypto market. Dragosh’s findings shed light on the market’s performance dynamics, profit-taking activity, and derivative trends. High-Risk Appetite In Crypto Market According to Dragosh’s analysis, crypto assets showcased their resilience as they outperformed traditional assets like equities, supported by a significant repricing in monetary policy expectations and short futures liquidations at the beginning of last week.  However, this outperformance encountered some limitations in the short term due to…