Plus: Which cat-themed meme coin will hit $1 billion first? Source
Will RFK Jr. Debate Trump or Biden? Probably Not, Prediction Market Says
Day: May 20, 2024
Ethereum Technical Insights: ETH Crosses $3,100 Mark for the First Time in 21 Days
Ethereum’s price has been exhibiting a narrow intraday range between $3,048 and $3,139. With a market capitalization of $373 billion and a 24-hour trading volume of $9.83 billion, the cryptocurrency shows a mixed technical outlook. At 7:57 (EDT) on Monday, ether is exchanging hands for just under $3,100 at $3,093 per unit. Ethereum The hourly […] Source CryptoX Portal
If This Happens, Shiba Inu Price Could Double Soon
Last week, Shiba Inu (SHIB) emerged from a bull pennant formation on its daily chart, signaling the potential for a significant price increase. Currently, SHIB’s price is at a critical juncture as it undergoes a retest of the breakout level. If this retest is successful, it could lead to considerable gains. Shiba Inu Price Could Double If This Happens The bull pennant is a continuation pattern that typically signifies a strong uptrend following a period of consolidation. In the daily chart, SHIB/USD showcases a classic bull pennant formation. This pattern…
BTC, ETH Little Changed Ahead of Ether ETF Decision
Bitcoin (BTC) and ether (ETH) were little changed, suggesting a consolidation after last week’s rally. BTC traded at around $67,000 while ETH held steady about $3,100. The wider digital asset market as measured by the CoinDesk 20 Index (CD20) has added 0.3% in the last 24 hours. This week, attention will turn to the SEC’s decision on the approval of ether exchange-traded funds (ETFs), with the deadline for a response to VanEck’s and Ark/21 Shares’ applications due on May 23 and May 24, respectively. Traders may be keeping their powder…
Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels
As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization of $1.32 trillion and a trading volume of $21.18 billion. Bitcoin The daily chart indicates that bitcoin (BTC) is in a prolonged uptrend, having recently […] Original
Judge Mellor Rules in Written Judgement
“Dr. Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2008 to 2011. Third, Dr. Wright is not the person who created the Bitcoin System. And, fourth, he is not the author of the initial versions of the Bitcoin software,” Mellor said after both parties to the trial had presented their evidence. Source CryptoX Portal
Craig Wright Lied to UK Court ‘Extensively and Repeatedly’ in COPA Satoshi Nakamoto Case: Judge Writes
“Dr. Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2008 to 2011. Third, Dr. Wright is not the person who created the Bitcoin System. And, fourth, he is not the author of the initial versions of the Bitcoin software,” Mellor said after both parties to the trial had presented their evidence. Source
DeFi Technologies CEO on the industry’s first Bitcoin yield-bearing ETP
Crypto.news caught up with Olivier Roussy Newton, CEO of DeFi Technologies, to explore the Valour Bitcoin Staking ETP, the first product to merge Bitcoin with yield-bearing staking mechanisms. Bitcoin holders have traditionally missed out on staking opportunities available to other cryptocurrencies due to Bitcoin’s reliance on the Proof-of-Work (PoW) consensus mechanism. PoW requires miners to solve complex mathematical puzzles to validate transactions and secure the network. Due to the size of the Bitcoin network, substantial computational power is required, which in turn chugs in substantial amounts of electricity. As an…
This Major BTC Metric Just Turned Bullish Once Again
A crucial Bitcoin metric has just turned bullish, sparking optimism from a crypto analyst regarding an impending rally for Bitcoin. This unique technical pattern suggests that the world’s largest cryptocurrency could see its price ascending further, potentially kick-starting a highly welcomed bull run this cycle. Bitcoin Technical Pattern Flips Bullish Bitcoin’s price has often followed distinct historical patterns, with the majority of these indicators preceding significant rallies or bearish trends. One of the most compelling signs that Bitcoin may be turning bullish again is seen as the Stablecoin Supply Ratio…
Nigerian Securities Regulator: Crypto Exchanges Complying With Naira Delisting Directive
The Nigerian Securities Regulator has stated that cryptocurrency exchanges have complied with a directive to remove the local currency from peer-to-peer platforms. The acting director-general of the Nigerian Securities and Exchange Commission has called on platforms engaged in practices that undermine the national interest to cease such activities. Kucoin’s Delisting of Naira Receives Praise The […] Source