Day: June 20, 2024

Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles

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Bitcoin price is consolidating above the $64,000 level. BTC could try to follow Ethereum and recover if it manages to clear the $65,650 resistance zone. Bitcoin started a minor recovery wave above the $65,000 level. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a recovery wave if it clears the $65,400 and $65,650 resistance levels. Bitcoin Price Faces…

Tether (USDT) Collaborates with Taipei Tech to Advance Blockchain Education

Tether, the largest company in the cryptocurrency industry, has announced a new initiative aimed at enhancing blockchain and digital asset education in Taiwan. The company is partnering with the National Taipei University of Technology (NTUT), also known as Taipei Tech, to develop comprehensive educational programs that will equip students with the necessary skills and knowledge in this rapidly evolving field, according to Tether. Educational Program Details The “Blockchain & Digital Asset” education program was initially launched at NTUT’s College of Management, attracting over 110 students.…

Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here’s The Target

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The XRP price has struggled in the market over the past year and has failed to reach a new all-time high even after securing partial victories against the US Securities and Exchange Commission (SEC). However, this lackluster price action has not deterred investors, who continue to believe in the long-term potential of the altcoin. One crypto analyst, in particular, expects the coin price to see another bullish wave that could push it toward the $1 price target. XRP Price Ready For Another Bullish Wave Crypto analyst Alan Santana has predicted…

Unlicensed Crypto Business Leads to Indictments in Utah

Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the […] Source CryptoX Portal

XRP’s Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024

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Despite its recent decline, XRP, one of the largest cryptocurrencies by market cap, now holds the potential for substantial gains. Particularly, according to a recent technical analysis by Amonyx, XRP is poised for a bullish run against both the United States dollar and Bitcoin throughout 2024. This optimism is grounded in several key technical indicators and historical price actions, suggesting that XRP might soon experience notable price movements. Technical Forecast: XRP Path In 2024 Amonyx’s technical assessment focuses on the long-term price trends of XRP, particularly its performance within an…

Here’s why Toncoin price is outperforming rivals

Toncoin (TON) price has emerged as the best-performing layer-1 token this year. It has soared by over 220%, outperforming other big tokens like Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Cardano (ADA). The first three have jumped by 55%, 80%, 40%, respectively while ADA has slumped by 30%. In a note, blockchain analyst maartunn explained two reasons why TON has outperformed most layer-1 tokens. First, he noted that the TON transfer volume had gone through the roof, ranging between $5 billion and $10 billion.  In comparison, Bitcoin’s daily transfer…

Curve (CRV) Bounces 40% From ATL As Whales Go Shopping

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Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities…

German Government Agency Sends $425M Worth Of BTC To Exchanges

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Bitcoin (BTC) recently plunged to a one-month low of $64,000, causing concern among bullish investors who now fear impending selling pressure and a potential retest of lower support levels.  Adding to these concerns, it has come to light that a wallet belonging to the German police has moved $425 million worth of BTC to cryptocurrency exchanges, according to on-chain data firms. This development has sparked speculation about the agency’s intentions and potential market impact. Selling Pressure Concerns On Wednesday, crypto data analytics firm Arkham detected a significant cryptocurrency wallet named…