Day: January 23, 2024

Bearish Sell Signal Triggers As Bitcoin Falls Below $39,000

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Bitcoin price is struggling to stay above $39,000 per coin and as it sinks lower, an ominous bearish technical signal is triggering. Bitcoin Selloff Prompts Possible Change In Momentum Selling pressure driven by FTX’s estate dumping nearly $1 billion in Grayscale GBTC shares caused Bitcoin price to lose the $39,000 level today, currently trading around $38,900 at the time of this writing. The selloff hasn’t fallen deep enough for a convincing breakdown of the key psychological level, however, a bearish crossover of a momentum technical tool could trigger additional downward…

SEC reveals SIM swap attack behind false Bitcoin ETF approval announcement

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A SIM swap attack on the U.S. SEC’s Twitter account led to a false tweet about Bitcoin ETF approval, briefly disrupting the cryptocurrency market. On Jan. 10, the U.S. Securities and Exchange Commission (SEC) experienced a cybersecurity breach, resulting in a misleading tweet about spot Bitcoin ETFs from its official account. This incident, caused by a SIM swap attack, briefly stirred confusion in the cryptocurrency markets. The SEC explained the situation in a statement: “The unauthorized party obtained control of the SEC cell phone number associated with the @SECGov account…

Mt. Gox Bitcoin (BTC) Payments Move Closer

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

XRP Buy Signal That Resulted In 60% Rally Has Gone Off Again

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An analyst has explained that XRP has just witnessed a buy signal on its 3-day chart. The last time the pattern appeared, the asset’s price rallied almost 60%. XRP Has Recently Formed A TD Sequential Buy Setup In a new post on X, analyst Ali pointed out how the XRP 3-day chart is showing a TD Sequential buy signal currently. The “Tom Demark (TD) Sequential” is an indicator in technical analysis that’s generally used for locating points of probable reversal for any asset’s price. This metric is made up of…

Bitcoin dominance drops below 50%; 3 low-cap coins on investors’ radar

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin prices dipped below $41,200, and its dominance dropped below 50%. Velas and Astar are up by over 85% and 100%, respectively. Having sold over 159 million tokens, NuggetRush is now in its final presale round. Bitcoin’s dominance is now below 50%, indicating a shift in power dynamics. Amidst this shift, a group of low-capitalization altcoins, including NuggetRush (NUGX), Astar (ASTR), and Velas (VLX), are drawing investors. NuggetRush, a…

Is Grayscale (GBTC) Takeover Bait Amid Bitcoin ETF Battle?

“A strategic acquisition of a firm such as Grayscale makes a ton of sense for the right traditional ETF issuer assuming the price is palatable,” said Nate Geraci, president of the ETF Store, an advisory firm. “While only two weeks old, the spot bitcoin ETF category is already wildly competitive and has clearly turned into a scale game given how low expense ratios are. A traditional ETF issuer could quickly boost assets under management, gain business operating expertise, and also acquire some ‘crypto street cred’ by targeting the right crypto-fund…

Ethereum Interoperability Hub Polymer Raises $23M Series A Funding From Marquee Investors

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Choosing the best crypto profit calculator apps in 2024

Online crypto profit calculators can provide valuable financial insights. Read our analysis of popular apps in the field. 5 crypto profit calculators we picked for review: Understanding the profitability of crypto investments is a crucial aspect for cryptocurrency users. Crypto profitability calculators have emerged as an important tool in this context, helping you calculate crypto profit easily and with relative accuracy. Such calculators typically require you to input key details like the investment amount, buy and sell prices, and any applicable fees. This information is then processed to present a…