Month: July 2024

Potential Bitcoin (BTC) Price Rebound May Face Resistance at $65K, OnChain Analysis Shows

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Notably, the decline has pushed prices well below the widely tracked aggregate cost basis of short-term bitcoin holders, or wallets storing cost for 155 days or less. As of writing, the aggregate cost basis for short-term holders was $65,000, according to data source LookIntoBitcoin. Onchain analytics firms consider realized price as the aggregate cost basis, reflecting the average price at which coins were last spent on-chain. Original

Unveiling the Titans of Crypto Mining: A Deep Dive Into 5 Consensus Algorithms

In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with the integrity and trust that underpin several of today’s leading digital currencies. Understanding Proof-of-Work and Its Variants Proof-of-work […] Source CryptoX Portal

Can It Break Through the $30 Barrier?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Breaking This Resistance Could Trigger a Rally

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Bounces Back Yet Lacks Strong Bullish Drive

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Ethereum price is attempting a fresh increase above the $3,450 resistance zone. ETH must settle above $3,550 to continue higher in the near term. Ethereum slowly moved higher above the $3,450 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,415 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,520 and $3,550 resistance levels to continue higher. Ethereum Price Faces Resistance Ethereum price started a decent…

Bitcoin Price Spikes 5%, Can BTC Bulls Take Back Control?

Bitcoin price is up nearly 5% and there was a move above $62,500. BTC is now testing the $63,500 resistance zone with a positive angle. Bitcoin started a decent increase above the $62,200 and $62,400 levels. The price is trading above $62,500 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to continue higher above the $63,650 resistance zone. Bitcoin Price Starts…

What to Know About Harrenhal on House of the Dragon

This post contains spoilers for Episode 3 of House of the Dragon Season 2. After breaking the trust of his niece/wife/queen by secretly putting a plot in motion that resulted in Rhaenyra (Emma D’Arcy) being blamed for the gruesome murder of a young child, Daemon Targaryen (Matt Smith) chose to get the hell out of dodge rather than face further criticism of his actions in the second episode of House of the Dragon Season 2. This week, the season’s third installment saw the Rogue Prince arrive at Harrenhal on the…