Month: February 2024

BNB Price Starts Its Journey Toward $500, Why Dips Turned Attractive

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BNB price is gaining bullish momentum above the $350 resistance. The price looks set for more gains above the $400 resistance in the near term. BNB price is showing bullish signs above the $365 resistance level. The price is now trading above $375 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $380 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could continue to rise toward the $400 resistance zone or even $422. BNB…

Ethereum Price Climbs Toward $3,200 And Bulls Are Just Getting Started

Ethereum price is outperforming Bitcoin with a move above $3,000. ETH is showing bullish signs and might soon climb above the $3,200 resistance. Ethereum started a fresh increase above the $3,000 resistance zone. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its increase toward $3,200 or even $3,250 in the near term. Ethereum Price Outperforms Bitcoin Ethereum price remained stable…

Coinbase Reveals Texas Voters Believe Crypto Is a Relevant Topic for the Next Elections

Coinbase, a major U.S.-based crypto exchange, has found that Texas voters are interested in the crypto subject and presidential candidates’ postures on the issue. 21% of all Texan adults (4.7 million people) own crypto, with 74% of these owners likely to support candidates who recognize the significance of the national crypto industry. Coinbase Reveals Texas […] Source CryptoX Portal

Bitcoin Price Stuck In Range While ETH Surges, More Downsides Ahead?

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Bitcoin price is struggling to clear the $52,000 resistance. BTC could start a decent downside correction if it breaks the $50,500 support zone. Bitcoin price is still struggling to clear the $52,000 resistance zone. The price is trading below $51,600 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $51,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its current decline and revisit the $50,500 support. Bitcoin Price Faces Resistance At…

Grayscale Research Identifies Dencun Upgrade as ‘Coming of Age’ Event for Ethereum

Grayscale Research’s latest report explains that Ethereum is poised to take advantage of several tailwinds with its upcoming Dencun upgrade. Grayscale analyst Will Ogden states that, while Ethereum is facing increased competition from other chains like Solana, Dencun’s modularity focus will help it “come of age,” lowering transaction fees for rollups and opening the doors […] Source CryptoX Portal

Riot Platforms Highlights Risks Associated With Upcoming Bitcoin Halving Event in Annual Report

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In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases in onchain transaction fees, and the anticipated bitcoin halving event in April 2024. The company emphasizes the halving event’s potential to reduce mining rewards as […] Original

Crypto bulls take aim at US politics with $80m war chest

Pro-crypto super PACs (political action committees) raked in $80 million, earmarked for candidates who favor cryptocurrency regulation and innovation. According to Politico, three super PACs — Fairshake, Protect Progress, and Defend American Jobs — are backed by crypto industry behemoths like Coinbase, Ripple, and Andreessen Horowitz. And they’re putting money to work. In West Virginia, for example, the crypto-funded group Defend American Jobs recently bankrolled the candidacy of Governor Jim Justice with $1.5 million. Justice, lauded by former President Donald Trump for his commitment to various conservative causes, has found…

Satoshi Nakamoto’s Growing Fortune Nears Entry Into World’s Top 25 Richest Individuals

2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings […] Source CryptoX Portal

Worldcoin surges over 200% despite AI regulatory challenges

Worldcoin (WLD) is currently trading at $8.85, representing an over 253% price increase in the last 14 days. The recent surge was propelled by several factors: The launch of OpenAI’s Sora, an artificial intelligence-powered platform that converts text to lifelike videos (Worldcoin co-founder Sam Altman is also the CEO and co-founder of OpenAI) A whale wallet recently accumulated a substantial amount of WLD tokens — valued at $5.82 million — from Binance. This movement further contributed to the token’s upward momentum. Alameda Research’s recent ownership of $167 million in WLD…