Month: June 2024

Is Now The Time To Buy Bitcoin? Latest Chart Analysis Says Yes

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Bitcoin has recently been spotlighted due to an intriguing buy signal identified on its hourly chart. This indication emerges amidst a notable fluctuation in Bitcoin’s price, setting the stage for potential short-term gains. Renowned crypto analyst Ali has highlighted a significant development on the hourly chart of Bitcoin, specifically noting a ‘buy signal’ detected by the TD Sequential indicator. This technical tool, developed by Tom DeMark, is respected for its ability to predict price reversals by analyzing exhaustion points in trends. Related Reading Decoding The TD Sequential Indicator On Bitcoin…

Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users

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Itau Unibanco, the largest bank in Brazil and all of Latam, has reported the availability of cryptocurrency trading services for all its users. Through Ion, the bank’s in-house investment platform, customers can purchase bitcoin (BTC) and ether (ETH), a feature previously available to selected users. Brazilian Banking Giant Itau Unibanco Opens Cryptocurrency Trading Services for […] Source

Funding Open-Source Generative AI With Crypto

While the momentum in open-source generative AI is strong, a more detailed analysis shows a different reality. Open-source generative AI is facing a massive funding issue. When it comes to large foundation models, only large companies such as Databricks, Snowflake, Meta or well-funded startups like Mistral are keeping up with the performance of large closed models. Most of the releases from other labs, like Databricks and Snowflake, are focused on optimized enterprise workloads, while most of the recent open-source research is focusing on complementary techniques rather than on new models.…

Can BTC Rely On This Historical Support Again?

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Bitcoin has observed a plunge during the past day, taking the asset’s price under $67,000. Here’s the historical support level that the asset could visit next. Bitcoin Is Now Not Far From The Short-Term Holder Realized Price As analyst James Van Straten pointed out in a post on X, the Realized Price of the Bitcoin Short-Term Holders has been going up recently and currently sits around the $64,000 level. The “Realized Price” here refers to an on-chain metric that keeps track of the cost basis of the average investor in…

FLOKI, WIF, & APORK labelled as june’s top altcoin picks by crypto experts

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. FLOKI, WIF, and APORK have been labeled as June’s top altcoin picks by crypto experts. Many market experts have agreed that the trading of Ether ETFs scheduled to begin in June would kick off a major altcoin season. In this period, the global altcoin market is expected to perform better than Bitcoin, yet some coins will stand out more than others. So, according to crypto experts, Floki, Dogwifhat, and…

Bitcoin price dives to $66k ahead of FOMC decision; bullish analyst says “we’ve seen this before”

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Bitcoin price slumped nearly 5% on Tuesday, hitting lows of $66k as the crypto market turned negative ahead this week’s FOMC meeting. BTC price dropped to lows of $66,018 on Coinbase to wipe out gains seen when prices reached highs of $71,974 last Friday. CoinGecko data showed Bitcoin traded nearly 5% down in 24 hours. The flagship cryptocurrency has pared weekly gains and was down 6% during this period at the time of writing. Why is Bitcoin price down on Tuesday? The benchmark cryptocurrency’s struggles this week come after spot…

Ethereum Buying Pressure Reaches Critical Level Amid Massive Whale Buying

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Institutional investors have been accumulating Ethereum at a rapid pace after the SEC’s recent approval of Spot Ethereum ETFs. Crypto analyst Ali Martinez noted that this accumulation trend has created buying pressure that could be the much-needed catalyst for Ethereum to break above the $4,000 price mark. According to a social media post by Ali Martinez, the number of Ethereum addresses holding over 10,000 ETH tokens has increased by 3% in the last three weeks, showing a positive trend among large investors.  Whales Accumulating Pushes Ethereum Buying Pressure Speculation over…

Be Warned, AI Crypto Scams Are on the Rise

AI has arrived, and it’s already changing things in the world of crypto. Coders use it to code, researchers use it to research and, unfortunately, scammers use it to scam. That is the finding of a new report by blockchain analytics firm Elliptic about the emerging risks of AI in perpetuating criminal use of crypto. Source