Day: May 15, 2024

what lies ahead for Ethereum and other cryptos?

What factors are driving the bearish trend in altcoins, and when can we expect a turnaround? In the past month, the crypto market, especially altcoins, has faced a prolonged downturn, with many seeing striking losses.  Ethereum (ETH), the second-largest crypto by market cap, lost almost 10% of its value in the last 30 days, trading at around $2,960 as of May 13.  However, Ordinals (ORDI) has been hit the hardest, dropping by 40% and now trading at just $36.80. This market downturn aligns with global economic trends, such as the…

Moonpay Donates $1 Million to Stand With Crypto

Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating an innovation-fostering crypto framework by helping choose crypto-friendly officials. Moonpay Contributes $1 […] Source CryptoX Portal

Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish

Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term. Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $2,940 and $2,950 resistance levels. Ethereum Price…

Key Support Maintained Amid Market Uncertainty

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Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears $62,200 and $62,500. Bitcoin Price Remains Steady Bitcoin price…

Fetch AI (FET) Advances Blockchain Monitoring with BlockAgent and Chainlink (LINK) Integration

Fetch AI (FET), a renowned AI and blockchain platform, unveiled BlockAgent, a significant advancement in blockchain monitoring. This innovative tool allows users to observe and monitor real-time blockchain activities, thereby enhancing their strategic deployment in the Web3 ecosystem. Revolutionizing Blockchain Monitoring with BlockAgent BlockAgent serves as an automated tool for collecting real-time transaction data on behalf of users and integrates it directly into users’ systems. This development presents a significant leap in blockchain observability. The tool is designed with an intuitive and customizable interface, addressing…

Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to $100 Trillion

Raoul Pal, a well-known financial sector figure, predicts a significant expansion of the cryptocurrency market, forecasting its market capitalization could reach $100 trillion due to global liquidity trends and technology adoption. His analysis is underpinned by observations of the global liquidity cycle, which has been influencing asset growth since 2008, along with the rapid adoption […] Source CryptoX Portal

Metaplanet Unveils ‘Bitcoin-First’ Strategy to Face Japan’s Economic Weakness

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Metaplanet, a Tokyo-listed public company, has unveiled a “bitcoin first” strategy to combat the Japanese economy’s weakness and the yen’s devaluation. In a document shared on social media, the company stated it will adopt bitcoin as a reserve asset, taking advantage of the available possibilities for increasing its holdings. Metaplanet Announces Bitcoin First Approach, Unveils […] Original

Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals

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A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance. Related Reading The quant shared a chart below that shows how this war for dominance has played out over the past decade. The spot volume share of the two giant exchanges…

From Historic Banking Family to BTC — Rothschild-Linked Firm Invests in Bitcoin ETFs GBTC and IBIT

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According to a recent earnings filing, Edmond de Rothschild Holding S.A., a private banking and asset management entity linked with the distinguished Rothschild banking family from France, holds shares in Grayscale’s GBTC and Blackrock’s IBIT. Edmond de Rothschild Holding’s 13F Filing Reveals Investment in Grayscale and Blackrock Bitcoin ETFs For years now, speculative discussions on […] Original

Here are the best performing altcoins this month

We checked the performance of the top 15 altcoins by ROI in May 2024. Best performing altcoins by ROI from April 14 – May 14 2024 | Source: CoinGecko According to CoinGecko, the top-performing altcoin of the last 30 days is Pepe (PEPE). This meteoric meme coin has gained 106% in the last 30 days and is trading at $0.00001103 at the time of writing, just a little shy of its recent all-time high in price. Pepe has seen major gains due to its enthusiastic community sharing viral content featuring…