Day: July 24, 2024

Is Bitcoin Recent ETF Inflow Surge a Setup for a Fall? What Traders Need to Know

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Amid rising institutional engagement in Bitcoin, a sharp spike in exchange-traded fund (ETF) inflows over the past few days has sparked interest from traders and analysts alike. Earlier today, a noteworthy analysis from the popular trader Skew on social platform X highlighted a potential risk for Bitcoin amidst its current influx of capital. Skew pointed out the phenomenon he dubs the “headline curse,” noting that while the significant inflow of over $500 million into United States spot Bitcoin ETFs signifies growing institutional confidence, it may also foreshadow a looming price…

XRP Price Hints at Weekly High: Are Bears Ready to Take Over?

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XRP price started a downside correction from the $0.6220 zone. The price declined below $0.600 and now consolidating above the $0.580 support. XRP price started a downside correction below the $0.600 zone. The price is now trading near $0.5950 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.600 resistance zone. XRP Price Corrects Gains XRP price extended its…

Sei Blockchain Now Live on Dune Analytics Platform

Joerg Hiller Jul 24, 2024 03:34 Sei, a fast parallelized EVM blockchain, is now integrated into Dune’s analytics platform, offering users enhanced data insights and dashboard creation capabilities. Sei, a highly anticipated fast parallelized EVM blockchain, has officially been integrated into Dune’s analytics platform, according to dune.com. This integration allows users to access a new level of data insights and create detailed dashboards for the Sei network. Sei’s Unique Proposition Sei combines the strengths of Solana and Ethereum by implementing a fast…

Will It Break Out To Higher Levels?

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Ethereum price failed to continue higher above the $3,500 resistance zone. ETH corrected gains and is now trading in a range above the $3,400 level. Ethereum is consolidating below the $3,500 resistance zone. The price is trading below $3,480 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance at $3,470 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $3,500 resistance zone. Ethereum Price Stuck In A Range…

Crypto Analyst Says XRP Is Still On Course To Rise To $150

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Is This the Start of a Fresh Downside?

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Bitcoin price struggled below the $68,500 resistance zone. BTC is correcting gains and might decline further below the $65,500 support zone. Bitcoin started a correction wave from the $68,500 resistance zone. The price is trading below $66,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $67,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses and trade below the $65,500 support zone. Bitcoin Price Holds Gains Above $67K Bitcoin price…

Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest Remains

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Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power fee hikes that ANDE has enacted for these activities. Peña stated that these price increases don’t need to be consulted with the operators and that more companies in the industry are waiting to enter the […] Original

87% of Russians Aware of Cryptocurrency, 42% Familiar With Hamster Kombat, Survey Shows

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A survey by the All-Russian Public Opinion Research Center reveals high awareness of cryptocurrency among Russians but limited knowledge of the Telegram game Hamster Kombat. Despite 87% being aware of cryptocurrency, only 42% know of Hamster Kombat. The game’s popularity is mainly among young, tech-savvy Telegram users, with a significant gap between awareness and active […] Source